# EDGAR Filing Document

**Accession Number:** 0001524513
**File Stem:** 0001410368-25-010104
**Filing Date:** 2025-9
**Character Count:** 206489
**Document Hash:** 183dccdd607ac557bddcfd01aed37ac8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-010104.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-010104

**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 U.S. ETF Trust
- **CENTRAL INDEX KEY:** 0001524513

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22649
- **FILM NUMBER:** 251338568

**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

## Series and Classes Contracts Data

### iShares Ultra Short Duration Bond Active ETF (Series ID: S000040474)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000125661 | iShares Ultra Short Duration Bond Active ETF | ICSH            |

## Nport-Ex

Schedule of Investments (unaudited)

July 31, 2025

**iShares® Ultra Short Duration Bond Active ETF**

**(Formerly iShares® Ultra Short-Term Bond Active 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* |
| **Asset-Backed Securities** | **Asset-Backed Securities** | **Asset-Backed Securities** |
| American Express Credit Account Master Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.30%, 07/15/30 | &nbsp;&nbsp;&nbsp; $11400 | $11445965 |
| &nbsp;&nbsp;&nbsp; Class A, 4.95%, 10/15/27 | &nbsp;&nbsp;&nbsp; 14709 | 14720367 |
| BA Credit Card Trust, 4.31%, 05/15/30 | &nbsp;&nbsp;&nbsp; 22264 | 22345598 |
| BMW Vehicle Lease Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.43%, 09/27/27 | &nbsp;&nbsp;&nbsp; 24707 | 24723040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 07/27/26, (30-day Avg SOFR + <br> 0.400%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 207 | 206716 |
| BMW Vehicle Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 10/25/27, (30-day Avg SOFR + <br> 0.300%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 12298 | 12297573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 02/25/27, (30-day Avg SOFR + <br> 0.340%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 2542 | 2542030 |
| CarMax Auto Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.14%, 12/15/26, (30-day Avg SOFR + <br> 0.800%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 18 | 17560 |
| &nbsp;&nbsp;&nbsp; 6.08%, 12/15/26 | &nbsp;&nbsp;&nbsp; 342 | 341833 |
| Chase Issuance Trust, 3.97%, 09/15/27 | &nbsp;&nbsp;&nbsp; 14100 | 14088981 |
| &nbsp;&nbsp;&nbsp; Citibank Credit Card Issuance Trust, 5.23%, <br> 12/08/27<br>| &nbsp;&nbsp;&nbsp; 3474 | 3482008 |
| CNH Equipment Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.67%, 08/15/28, (30-day Avg SOFR + <br> 0.330%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 20148 | 20141770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.74%, 10/15/27, (30-day Avg SOFR + <br> 0.400%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 2509 | 2508544 |
| &nbsp;&nbsp;&nbsp; 5.42%, 10/15/27 | &nbsp;&nbsp;&nbsp; 2871 | 2876938 |
| CNH Equipment Trust 2025-B |  |  |
| &nbsp;&nbsp;&nbsp; 4.37%, 11/15/28 | &nbsp;&nbsp;&nbsp; 7306 | 7304537 |
| &nbsp;&nbsp;&nbsp; 4.68%, 11/15/28 | &nbsp;&nbsp;&nbsp; 9206 | 9207953 |
| Ford Credit Auto Lease Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.37%, 03/15/28 | &nbsp;&nbsp;&nbsp; 20656 | 20640541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/15/27, (30-day Avg SOFR + <br> 0.410%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 7559 | 7564975 |
| &nbsp;&nbsp;&nbsp; 5.18%, 02/15/27 | &nbsp;&nbsp;&nbsp; 2330 | 2334053 |
| Ford Credit Auto Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.59%, 10/15/27 | &nbsp;&nbsp;&nbsp; 11795 | 11799442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 01/15/27, (30-day Avg SOFR + <br> 0.360%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 2331 | 2331110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 12/15/27, (30-day Avg SOFR + <br> 0.410%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 13135 | 13128908 |
| &nbsp;&nbsp;&nbsp; 5.40%, 04/15/27 | &nbsp;&nbsp;&nbsp; 4495 | 4505762 |
| Honda Auto Receivables Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.30%, 01/18/28 | &nbsp;&nbsp;&nbsp; 24671 | 24653247 |
| &nbsp;&nbsp;&nbsp; 4.56%, 03/15/27 | &nbsp;&nbsp;&nbsp; 4697 | 4697109 |
| &nbsp;&nbsp;&nbsp; 4.82%, 01/18/28, (1-day SOFR + 0.240%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 14122 | 14147328 |
| &nbsp;&nbsp;&nbsp; 5.36%, 09/15/26 | &nbsp;&nbsp;&nbsp; 2088 | 2089198 |
| Hyundai Auto Lease Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.58%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 9294 | 9306130 |
| &nbsp;&nbsp;&nbsp; 4.60%, 06/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 18248 | 18253685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.79%, 10/15/26, (30-day Avg SOFR + <br> 0.450%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2750 | 2750434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.04%, 09/15/27, (30-day Avg SOFR + <br> 0.700%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4107 | 4119868 |
| &nbsp;&nbsp;&nbsp; 5.51%, 10/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 5595 | 5602007 |
| &nbsp;&nbsp;&nbsp; Hyundai Auto Lease Securitization Trust 2025-C, <br> 4.37%, 01/18/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 6389 | 6385463 |
| Hyundai Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.33%, 12/15/27 | &nbsp;&nbsp;&nbsp; 12694 | 12680365 |
| &nbsp;&nbsp;&nbsp; 4.45%, 08/15/28 | &nbsp;&nbsp;&nbsp; 32612 | 32632027 |
| &nbsp;&nbsp;&nbsp; 4.53%, 09/15/27 | &nbsp;&nbsp;&nbsp; 10129 | 10127389 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.68%, 12/15/27, (30-day Avg SOFR + <br> 0.340%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; $12503 | $12506127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.71%, 06/15/27, (30-day Avg SOFR + <br> 0.370%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 4381 | 4382227 |
| Nissan Auto Lease Trust, 4.60%, 11/15/27 | &nbsp;&nbsp;&nbsp; 20075 | 20093027 |
| Nissan Auto Lease Trust 2025-B, 4.44%, 03/15/28 | &nbsp;&nbsp;&nbsp; 20070 | 20063100 |
| Nissan Auto Receivables Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/28 | &nbsp;&nbsp;&nbsp; 30238 | 30260993 |
| &nbsp;&nbsp;&nbsp; 4.51%, 06/15/27 | &nbsp;&nbsp;&nbsp; 9225 | 9222079 |
| &nbsp;&nbsp;&nbsp; Porsche Financial Auto Securitization Trust, 4.45%, <br> 01/24/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 6526 | 6525431 |
| &nbsp;&nbsp;&nbsp; Porsche Innovative Lease Owner Trust, 4.60%, <br> 12/20/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 21971 | 21988500 |
| Toyota Auto Receivables Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.11%, 03/15/30 | &nbsp;&nbsp;&nbsp; 40402 | 40309827 |
| &nbsp;&nbsp;&nbsp; 4.55%, 08/16/27 | &nbsp;&nbsp;&nbsp; 4230 | 4229645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 12/15/26, (30-day Avg SOFR + <br> 0.350%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 2757 | 2757431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/15/28, (30-day Avg SOFR + <br> 0.540%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 14286 | 14312815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.89%, 11/16/26, (30-day Avg SOFR + <br> 0.550%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 1254 | 1254575 |
| USAA Auto Owner Trust, 5.25%, 03/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 3595 | 3598201 |
| **Total Asset-Backed Securities — 9.1%** <br>**(Cost: $549,284,906)** | **Total Asset-Backed Securities — 9.1%** <br>**(Cost: $549,284,906)** | 549504432 |
| **Certificates of Deposit** | **Certificates of Deposit** | **Certificates of Deposit** |
| Banco Santander SA, 4.44%, 05/26/26 | &nbsp;&nbsp;&nbsp; 12250 | 12245824 |
| Bank of America NA, 4.67%, 04/02/26 | &nbsp;&nbsp;&nbsp; 12930 | 12930095 |
| Bank Of America NA, 4.78%, 05/06/26 | &nbsp;&nbsp;&nbsp; 6300 | 6304801 |
| &nbsp;&nbsp;&nbsp; Bank of Montreal/Chicago, 4.79%, 05/20/26, (1-day <br> SOFR + 0.240%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 25000 | 25033694 |
| Bank of Montreal/Chicago IL |  |  |
| &nbsp;&nbsp;&nbsp; 4.72%, 11/17/25, (1-day SOFR + 0.400%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 29450 | 29469891 |
| &nbsp;&nbsp;&nbsp; 4.72%, 08/25/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 22070 | 22072069 |
| &nbsp;&nbsp;&nbsp; Barclays Bank PLC/New York, 4.80%, <br> 04/21/26, (1-day SOFR + 0.220%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 15000 | 15014468 |
| BNP Paribas SA/New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.55%, 02/19/26 | &nbsp;&nbsp;&nbsp; 20000 | 20006900 |
| &nbsp;&nbsp;&nbsp; 4.57%, 11/20/25, (1-day SOFR + 0.290%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 20000 | 20004824 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce, 4.50%, <br> 10/09/25<br>| &nbsp;&nbsp;&nbsp; 8390 | 8389105 |
| Canadian Imperial Bank of Commerce/New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.62%, 02/09/26, (1-day SOFR + 0.300%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 28500 | 28516912 |
| &nbsp;&nbsp;&nbsp; 4.67%, 09/23/25, (1-day SOFR + 0.350%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 22750 | 22758966 |
| &nbsp;&nbsp;&nbsp; 4.67%, 11/12/25, (1-day SOFR + 0.470%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 32000 | 32020202 |
| &nbsp;&nbsp;&nbsp; 4.79%, 05/21/26, (1-day SOFR + 0.390%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5000 | 5008362 |
| Citibank NA |  |  |
| &nbsp;&nbsp;&nbsp; 4.70%, 09/19/25, (1-day SOFR + 0.340%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 40000 | 40012476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/27/26, (30-day Avg SOFR + <br> 0.480%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 22820 | 22836513 |
| &nbsp;&nbsp;&nbsp; Credit Agricole Corporate and Investment <br> Bank/New York<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 10/07/25 | &nbsp;&nbsp;&nbsp; 15000 | 14996657 |
| &nbsp;&nbsp;&nbsp; 4.40%, 07/31/26 | &nbsp;&nbsp;&nbsp; 30000 | 30000000 |
| &nbsp;&nbsp;&nbsp; 4.41%, 11/07/25 | &nbsp;&nbsp;&nbsp; 22600 | 22598454 |
| &nbsp;&nbsp;&nbsp; 4.51%, 11/12/25 | &nbsp;&nbsp;&nbsp; 10000 | 10000772 |
| &nbsp;&nbsp;&nbsp; 4.54%, 10/09/25 | &nbsp;&nbsp;&nbsp; 25500 | 25503195 |
| &nbsp;&nbsp;&nbsp; Credit Industriel et Commercial/New York, 4.44%, <br> 05/12/26<br>| &nbsp;&nbsp;&nbsp; 28500 | 28489643 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Ultra Short Duration Bond Active ETF**

**(Formerly iShares® Ultra Short-Term Bond Active ETF)**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| Deutsche Bank AG/New York NY |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 07/17/26 | &nbsp;&nbsp;&nbsp; $22030 | $22011869 |
| &nbsp;&nbsp;&nbsp; 4.98%, 04/23/26 | &nbsp;&nbsp;&nbsp; 19000 | 18998423 |
| &nbsp;&nbsp;&nbsp; DZ Bank AG Deutsche <br> Zentral-Genossenschaftsbank/New York, 4.46%, <br> 09/25/25<br>| &nbsp;&nbsp;&nbsp; 9570 | 9570094 |
| First Abu Dhabi Bank USA NV, 4.47%, 10/14/25 | &nbsp;&nbsp;&nbsp; 13560 | 13561059 |
| KEB Hana Bank/NY, 4.59%, 03/05/26 | &nbsp;&nbsp;&nbsp; 20190 | 20186329 |
| Korea Development Bank (The), 4.40%, 03/02/26 | &nbsp;&nbsp;&nbsp; 22750 | 22750000 |
| Lloyds Bank, 4.41%, 05/15/26 | &nbsp;&nbsp;&nbsp; 25705 | 25690621 |
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Trust & Banking Corp./New York, <br> 4.63%, 03/03/26, (1-day SOFR + 0.340%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 25000 | 24996225 |
| Mizuho Bank Ltd./New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 11/07/25 | &nbsp;&nbsp;&nbsp; 18000 | 17996679 |
| &nbsp;&nbsp;&nbsp; 4.61%, 01/14/26 | &nbsp;&nbsp;&nbsp; 13000 | 13000970 |
| Mizuho Bank Ltd./New York NY, 4.47%, 12/08/25 | &nbsp;&nbsp;&nbsp; 15000 | 15000668 |
| Mizuho Bank Ltd/New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.68%, 03/11/26, (1-day SOFR + 0.240%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 39160 | 39174293 |
| &nbsp;&nbsp;&nbsp; 4.70%, 02/18/26, (1-day SOFR + 0.320%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 21000 | 21010630 |
| MUFG Bank Ltd./New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.61%, 11/26/25, (1-day SOFR + 0.210%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 22000 | 22003676 |
| &nbsp;&nbsp;&nbsp; 4.61%, 12/03/25, (1-day SOFR + 0.370%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 22300 | 22303543 |
| MUFG Bank Ltd/New York NY, 4.46%, 02/27/26 | &nbsp;&nbsp;&nbsp; 15000 | 14998295 |
| Natixis SA/New York NY |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/16/26 | &nbsp;&nbsp;&nbsp; 17000 | 16994138 |
| &nbsp;&nbsp;&nbsp; 4.42%, 05/13/26 | &nbsp;&nbsp;&nbsp; 35970 | 35952720 |
| &nbsp;&nbsp;&nbsp; 4.44%, 11/04/25 | &nbsp;&nbsp;&nbsp; 25000 | 24998192 |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp/New York, 4.53%, <br> 12/17/25, (1-day SOFR + 0.150%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 7070 | 7071699 |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp/New York NY, 4.57%, <br> 03/17/26, (1-day SOFR + 0.250%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 12910 | 12911575 |
| Nordea Bank Abp/New York NY., 4.43%, 11/24/25 | &nbsp;&nbsp;&nbsp; 25000 | 25001177 |
| &nbsp;&nbsp;&nbsp; Oversea-Chinese Banking Corp. Ltd./New York, <br> 4.60%, 11/04/25, (1-day SOFR + 0.400%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 25000 | 25001850 |
| Royal Bank of Canada, 4.50%, 10/07/25 | &nbsp;&nbsp;&nbsp; 27335 | 27332288 |
| &nbsp;&nbsp;&nbsp; Standard Chartered Bank (New York Branch), <br> 4.60%, 02/11/26<br>| &nbsp;&nbsp;&nbsp; 25270 | 25273108 |
| Sumitomo Mitsui Financial Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.43%, 03/04/26 | &nbsp;&nbsp;&nbsp; 33620 | 33611521 |
| &nbsp;&nbsp;&nbsp; 4.45%, 03/10/26 | &nbsp;&nbsp;&nbsp; 11650 | 11648538 |
| Svenska Handelsbanken AB/New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.48%, 09/10/25 | &nbsp;&nbsp;&nbsp; 23390 | 23388910 |
| &nbsp;&nbsp;&nbsp; 4.61%, 11/12/25 | &nbsp;&nbsp;&nbsp; 14000 | 14003196 |
| Svenska Handelsbanken/New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.57%, 12/12/25, (1-day SOFR + 0.400%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 15000 | 15001929 |
| &nbsp;&nbsp;&nbsp; 4.74%, 04/30/26, (1-day SOFR + 0.450%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8020 | 8025871 |
| &nbsp;&nbsp;&nbsp; 4.76%, 04/22/26, (1-day SOFR + 0.380%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 19250 | 19267396 |
| Toronto-Dominion Bank, 4.54%, 03/04/26 | &nbsp;&nbsp;&nbsp; 8320 | 8321769 |
| Toronto-Dominion Bank/New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/07/25 | &nbsp;&nbsp;&nbsp; 11000 | 10998233 |
| &nbsp;&nbsp;&nbsp; 4.71%, 09/22/25, (1-day SOFR + 0.350%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 16530 | 16535946 |
| &nbsp;&nbsp;&nbsp; 4.81%, 05/04/26, (1-day SOFR + 0.350%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7720 | 7732079 |
| &nbsp;&nbsp;&nbsp; UBS AG/Stamford CT, 4.49%, 11/03/25, (1-day <br> SOFR + 0.350%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 15000 | 15008457 |
| **Total Certificates of Deposit — 19.4%** <br>**(Cost: $1,161,380,093)** | **Total Certificates of Deposit — 19.4%** <br>**(Cost: $1,161,380,093)** | 1161547789 |
| **Commercial Paper** | **Commercial Paper** | **Commercial Paper** |
| AbbVie Inc., 4.61%, 09/16/25 | &nbsp;&nbsp;&nbsp; 34500 | 34293393 |
| Air Liquide U.S. LLC, 4.41%, 10/20/25 | &nbsp;&nbsp;&nbsp; 17800 | 17625261 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| Alimentation Couche-Tard Inc., 4.67%, 08/29/25 | &nbsp;&nbsp;&nbsp; $14240 | $14186643 |
| American Honda Finance Corp., 4.62%, 09/05/25 | &nbsp;&nbsp;&nbsp; 13400 | 13338333 |
| &nbsp;&nbsp;&nbsp; ANZ New Zealand Int'l Ltd./London, 4.42%, <br> 02/17/26<br>| &nbsp;&nbsp;&nbsp; 26940 | 26291511 |
| Aquitaine Funding Co. LLC, 4.46%, 09/04/25 | &nbsp;&nbsp;&nbsp; 5500 | 5476241 |
| &nbsp;&nbsp;&nbsp; Barton Capital SA, 4.47%, 08/29/25, (1-day SOFR <br> + 0.250%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 22770 | 22772068 |
| &nbsp;&nbsp;&nbsp; Bay Square Funding LLC, 4.53%, 10/01/25, (1-day <br> SOFR + 0.350%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 13500 | 13501147 |
| BofA Securities Inc., 4.45%, 09/19/25 | &nbsp;&nbsp;&nbsp; 14000 | 13914055 |
| Britannia Funding Co LLC, 4.47%, 11/13/25 | &nbsp;&nbsp;&nbsp; 11000 | 10858513 |
| Brookfield BRP Holdings Canada Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.55%, 08/05/25 | &nbsp;&nbsp;&nbsp; 16765 | 16754418 |
| &nbsp;&nbsp;&nbsp; 4.57%, 08/11/25 | &nbsp;&nbsp;&nbsp; 11000 | 10984656 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce, 4.41%, <br> 02/12/26<br>| &nbsp;&nbsp;&nbsp; 8820 | 8613243 |
| CDP Financial Inc., 4.43%, 03/09/26 | &nbsp;&nbsp;&nbsp; 32000 | 31151907 |
| &nbsp;&nbsp;&nbsp; Citigroup Global Markets Inc., 4.66%, <br> 03/20/26, (1-day SOFR + 0.300%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5680 | 5681077 |
| CRH America Finance Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.64%, 10/02/25 | &nbsp;&nbsp;&nbsp; 6350 | 6298860 |
| &nbsp;&nbsp;&nbsp; 4.66%, 10/17/25 | &nbsp;&nbsp;&nbsp; 17300 | 17127126 |
| Danske Bank A/S |  |  |
| &nbsp;&nbsp;&nbsp; 4.44%, 11/05/25 | &nbsp;&nbsp;&nbsp; 31450 | 31078189 |
| &nbsp;&nbsp;&nbsp; 4.45%, 05/15/26 | &nbsp;&nbsp;&nbsp; 10000 | 9656413 |
| E.ON SE, 4.54%, 08/04/25 | &nbsp;&nbsp;&nbsp; 40500 | 40479564 |
| Eaton Capital ULC, 4.53%, 08/01/25 | &nbsp;&nbsp;&nbsp; 14590 | 14588163 |
| &nbsp;&nbsp;&nbsp; Equitable Short Term Funding LLC, 4.41%, <br> 12/15/25<br>| &nbsp;&nbsp;&nbsp; 25925 | 25497380 |
| Evergy Kansas Central Inc., 4.53%, 08/01/25 | &nbsp;&nbsp;&nbsp; 500 | 499937 |
| FISERV Inc., 4.57%, 08/06/25 | &nbsp;&nbsp;&nbsp; 9780 | 9772555 |
| Helvetica Funding Co LLC, 4.43%, 10/10/25 | &nbsp;&nbsp;&nbsp; 20660 | 20481233 |
| Hqla Funding LLC, 4.39%, 08/01/25 | &nbsp;&nbsp;&nbsp; 29750 | 29746370 |
| &nbsp;&nbsp;&nbsp; HSBC Bank PLC, 4.66%, 02/24/26, (1-day SOFR + <br> 0.250%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 8000 | 8001353 |
| HSBC USA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.53%, 06/09/26 | &nbsp;&nbsp;&nbsp; 16000 | 15393550 |
| &nbsp;&nbsp;&nbsp; 4.54%, 11/06/25 | &nbsp;&nbsp;&nbsp; 15430 | 15241515 |
| &nbsp;&nbsp;&nbsp; 4.54%, 05/19/26 | &nbsp;&nbsp;&nbsp; 47700 | 46004804 |
| &nbsp;&nbsp;&nbsp; 4.56%, 02/03/26 | &nbsp;&nbsp;&nbsp; 23000 | 22467897 |
| ING U.S. Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.42%, 10/07/25 | &nbsp;&nbsp;&nbsp; 20000 | 19834256 |
| &nbsp;&nbsp;&nbsp; 4.52%, 11/14/25, (1-day SOFR + 0.250%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 15000 | 15003406 |
| &nbsp;&nbsp;&nbsp; 4.58%, 12/23/25, (1-day SOFR + 0.310%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 35000 | 35005166 |
| Intrepid Funding Co LLC, 4.45%, 04/30/26 | &nbsp;&nbsp;&nbsp; 20250 | 19588534 |
| &nbsp;&nbsp;&nbsp; Jackson National Life Short Term Funding LLC, <br> 4.47%, 11/19/25<br>| &nbsp;&nbsp;&nbsp; 10000 | 9864148 |
| Keurig Dr Pepper Inc., 4.55%, 08/07/25 | &nbsp;&nbsp;&nbsp; 11970 | 11959410 |
| Liberty Street Funding LLC, 4.45%, 11/21/25 | &nbsp;&nbsp;&nbsp; 51810 | 51095530 |
| Macquarie Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.41%, 07/20/26 | &nbsp;&nbsp;&nbsp; 4750 | 4552458 |
| &nbsp;&nbsp;&nbsp; 4.44%, 05/19/26 | &nbsp;&nbsp;&nbsp; 6250 | 6032548 |
| &nbsp;&nbsp;&nbsp; 4.45%, 03/19/26 | &nbsp;&nbsp;&nbsp; 6560 | 6377961 |
| Mainbeach Funding LLC, 4.41%, 08/27/25 | &nbsp;&nbsp;&nbsp; 9415 | 9383949 |
| Marubeni Finance America LLC, 4.69%, 08/20/25 | &nbsp;&nbsp;&nbsp; 9750 | 9724669 |
| &nbsp;&nbsp;&nbsp; National Australia Bank Ltd., 4.64%, <br> 03/17/26, (1-day SOFR + 0.250%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 16190 | 16189684 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp; 4.41%, 11/04/25 | &nbsp;&nbsp;&nbsp; 14660 | 14489632 |
| &nbsp;&nbsp;&nbsp; 4.41%, 06/04/26 | &nbsp;&nbsp;&nbsp; 32670 | 31482642 |
| &nbsp;&nbsp;&nbsp; 4.70%, 04/24/26 | &nbsp;&nbsp;&nbsp; 20240 | 20239939 |
| Norfina Ltd., 4.37%, 09/08/25 | &nbsp;&nbsp;&nbsp; 12900 | 12839223 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Ultra Short Duration Bond Active ETF**

**(Formerly iShares® Ultra Short-Term Bond Active ETF)**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| NORTHROP GRUMAN Corp., 4.59%, 08/21/25 | &nbsp;&nbsp;&nbsp; $60000 | $59839608 |
| NTT FIN AMERS Inc. 08/25 ZCP, 4.39%, 08/12/25 | &nbsp;&nbsp;&nbsp; 6360 | 6350706 |
| Nutrien Ltd., 4.59%, 08/05/25 | &nbsp;&nbsp;&nbsp; 27200 | 27182682 |
| NUTRIEN Ltd., 4.64%, 09/02/25 | &nbsp;&nbsp;&nbsp; 5890 | 5865051 |
| &nbsp;&nbsp;&nbsp; Oversea-Chinese Banking Corp. Ltd., 4.41%, <br> 09/18/25, (1-day SOFR + 0.280%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 10200 | 10200592 |
| Pure Grove Funding |  |  |
| &nbsp;&nbsp;&nbsp; 4.47%, 11/18/25 | &nbsp;&nbsp;&nbsp; 33000 | 32555662 |
| &nbsp;&nbsp;&nbsp; 4.47%, 02/25/26 | &nbsp;&nbsp;&nbsp; 17050 | 16618998 |
| Royal Bank of Canada, 4.36%, 05/27/26 | &nbsp;&nbsp;&nbsp; 15000 | 14474407 |
| Salisbury Receivables Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.34%, 08/01/25 | &nbsp;&nbsp;&nbsp; 31270 | 31266229 |
| &nbsp;&nbsp;&nbsp; 4.45%, 11/03/25 | &nbsp;&nbsp;&nbsp; 45950 | 45416874 |
| &nbsp;&nbsp;&nbsp; Skandinaviska Enskilda Banken AB, 4.66%, <br> 04/22/26, (1-day SOFR + 0.210%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 20350 | 20368146 |
| Societe Generale SA, 4.42%, 10/31/25 | &nbsp;&nbsp;&nbsp; 20750 | 20517992 |
| &nbsp;&nbsp;&nbsp; Swedbank AB, 4.51%, 10/01/25, (1-day SOFR + <br> 0.170%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 30370 | 30378908 |
| VW Credit Inc., 4.63%, 09/24/25 | &nbsp;&nbsp;&nbsp; 5200 | 5163495 |
| &nbsp;&nbsp;&nbsp; Washington Morgan Capital Co. LLC, 4.58%, <br> 12/19/25, (5-year CMT + 2.486%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 25000 | 25002300 |
| &nbsp;&nbsp;&nbsp; Westpac Banking Corp., 4.54%, 12/18/25, (1-day <br> SOFR + 0.250%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 26000 | 26004043 |
| &nbsp;&nbsp;&nbsp; Westpac Securities NZ Ltd./London, 4.43%, <br> 10/30/25<br>| &nbsp;&nbsp;&nbsp; 25000 | 24723230 |
| **Total Commercial Paper — 20.9%** <br>**(Cost: $1,253,465,124)** | **Total Commercial Paper — 20.9%** <br>**(Cost: $1,253,465,124)** | 1253369453 |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Aerospace & Defense — 0.3%** | **Aerospace & Defense — 0.3%** | **Aerospace & Defense — 0.3%** |
| General Dynamics Corp., 3.50%, 04/01/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 6265 | 6200254 |
| Lockheed Martin Corp., 4.95%, 10/15/25 | &nbsp;&nbsp;&nbsp; 6195 | 6199115 |
| RTX Corp., 5.00%, 02/27/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 5590 | 5600390 |
|  |  | 17999759 |
| **Agriculture — 0.2%** | **Agriculture — 0.2%** | **Agriculture — 0.2%** |
| Cargill Inc., 4.88%, 10/10/25<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 14235 | 14237665 |
| **Auto Manufacturers — 6.6%** | **Auto Manufacturers — 6.6%** | **Auto Manufacturers — 6.6%** |
| American Honda Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 10/05/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 13820 | 13804984 |
| &nbsp;&nbsp;&nbsp; 4.84%, 01/12/26, (1-day SOFR + 0.500%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 14260 | 14272652 |
| &nbsp;&nbsp;&nbsp; 4.89%, 05/21/26, (1-day SOFR + 0.550%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10955 | 10968257 |
| &nbsp;&nbsp;&nbsp; 4.94%, 08/14/25, (1-day SOFR + 0.600%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 29460 | 29463329 |
| &nbsp;&nbsp;&nbsp; 5.01%, 07/15/26, (1-day SOFR + 0.650%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 7500 | 7515091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.07%, 10/05/26, (1-day SOFR Index + <br> 0.720%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 10000 | 10018783 |
| BMW U.S. Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 08/13/26<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 5695 | 5701108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.14%, 08/13/26, (1-day SOFR Index + <br> 0.800%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 13660 | 13694716 |
| Daimler Truck Finance North America LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/13/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 8705 | 8775271 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 10660 | 10735364 |
| &nbsp;&nbsp;&nbsp; Daimler Trucks Finance North America LLC, <br> 5.60%, 08/08/25<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 10155 | 10156626 |
| Hyundai Capital America |  |  |
| &nbsp;&nbsp;&nbsp; 4.30%, 09/24/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 13825 | 13725378 |
| &nbsp;&nbsp;&nbsp; 4.85%, 03/25/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 14215 | 14259504 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/08/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 12500 | 12606692 |
| &nbsp;&nbsp;&nbsp; 5.38%, 09/24/27, (1-day SOFR + 1.030%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 13825 | 13842318 |
| &nbsp;&nbsp;&nbsp; 5.45%, 06/24/26<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 8765 | 8827205 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| &nbsp;&nbsp;&nbsp; 5.47%, 06/23/27, (1-day SOFR + 1.120%)<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp; $15375 | $15436512 |
| &nbsp;&nbsp;&nbsp; 5.49%, 08/04/25, (1-day SOFR + 1.150%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 14525 | 14526307 |
| &nbsp;&nbsp;&nbsp; 5.95%, 09/21/26<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 15400 | 15611362 |
| &nbsp;&nbsp;&nbsp; 6.25%, 11/03/25<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 15600 | 15652552 |
| Mercedes-Benz Finance North America LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/31/26<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 13690 | 13745589 |
| &nbsp;&nbsp;&nbsp; 4.90%, 01/09/26<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 15240 | 15255197 |
| &nbsp;&nbsp;&nbsp; 5.02%, 01/09/26, (1-day SOFR + 0.670%)<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 15240 | 15257101 |
| &nbsp;&nbsp;&nbsp; 5.38%, 08/01/25<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 15290 | 15290000 |
| Toyota Motor Credit Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.65%, 08/18/25 | &nbsp;&nbsp;&nbsp; 13145 | 13138086 |
| &nbsp;&nbsp;&nbsp; 4.35%, 10/08/27 | &nbsp;&nbsp;&nbsp; 13670 | 13686346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.79%, 04/10/26, (1-day SOFR Index + <br> 0.450%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 13670 | 13683533 |
| &nbsp;&nbsp;&nbsp; 5.20%, 05/15/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 13955 | 14037874 |
| Volkswagen Group of America Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.18%, 03/20/26, (1-day SOFR + 0.830%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 14160 | 14172337 |
| &nbsp;&nbsp;&nbsp; 5.80%, 09/12/25<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 10000 | 10009855 |
|  |  | 397869929 |
| **Banks — 13.7%** | **Banks — 13.7%** | **Banks — 13.7%** |
| ASB Bank Ltd., 5.35%, 06/15/26<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 13000 | 13093354 |
| &nbsp;&nbsp;&nbsp; Australia & New Zealand Banking Group Ltd., <br> 5.09%, 12/08/25<br>| &nbsp;&nbsp;&nbsp; 10810 | 10828192 |
| &nbsp;&nbsp;&nbsp; Australia & New Zealand Banking Group <br> Ltd./New York<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/18/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 15240 | 15360880 |
| &nbsp;&nbsp;&nbsp; 5.67%, 10/03/25 | &nbsp;&nbsp;&nbsp; 15000 | 15025828 |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp. (The), 4.44%, <br> 06/09/28, (1-year CMT + 0.830%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 5610 | 5620901 |
| Banque Federative du Credit Mutuel SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.94%, 01/26/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 17400 | 17428769 |
| &nbsp;&nbsp;&nbsp; 5.09%, 01/23/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 15260 | 15389710 |
| BPCE SA |  |  |
| &nbsp;&nbsp;&nbsp; 5.10%, 01/26/26<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 15230 | 15268329 |
| &nbsp;&nbsp;&nbsp; 5.20%, 01/18/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 9455 | 9549485 |
| Citibank NA |  |  |
| &nbsp;&nbsp;&nbsp; 5.05%, 08/06/26, (1-day SOFR + 0.708%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 8400 | 8434609 |
| &nbsp;&nbsp;&nbsp; 5.16%, 09/29/25, (1-day SOFR + 0.805%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 15440 | 15447905 |
| &nbsp;&nbsp;&nbsp; 5.49%, 12/04/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 15380 | 15581792 |
| &nbsp;&nbsp;&nbsp; Commonwealth Bank of Australia, 4.82%, 11/27/26, <br> (1-day SOFR + 0.460%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 13900 | 13928106 |
| Commonwealth Bank of Australia/New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.42%, 03/14/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 14015 | 14095605 |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/12/25 | &nbsp;&nbsp;&nbsp; 15210 | 15222932 |
| Cooperatieve Rabobank UA/NY |  |  |
| &nbsp;&nbsp;&nbsp; 4.37%, 05/27/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 45780 | 45930694 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/21/28 | &nbsp;&nbsp;&nbsp; 26305 | 26731835 |
| Goldman Sachs Bank USA/New York |  |  |
| &nbsp;&nbsp;&nbsp; 5.12%, 03/18/27, (1-day SOFR + 0.770%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 14180 | 14208684 |
| &nbsp;&nbsp;&nbsp; 5.28%, 03/18/27, (1-day SOFR +0.777%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 14180 | 14231593 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., 1.58%, 04/22/27, (1-day <br> SOFR + 0.885%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 26260 | 25694961 |
| JPMorgan Chase Bank NA, 5.11%, 12/08/26 | &nbsp;&nbsp;&nbsp; 12000 | 12112669 |
| KeyBank NA, 4.70%, 01/26/26 | &nbsp;&nbsp;&nbsp; 3275 | 3272931 |
| KeyBank NA/Cleveland OH, 4.15%, 08/08/25 | &nbsp;&nbsp;&nbsp; 5370 | 5368725 |
| Macquarie Bank Ltd., 5.39%, 12/07/26<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 6210 | 6301259 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Private Bank N.A., 4.47%, <br> 07/06/28, (1-day SOFR + 0.727%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 4710 | 4704980 |
| National Australia Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.86%, 03/06/28, (1-day SOFR + 0.500%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 13400 | 13406925 |
| &nbsp;&nbsp;&nbsp; 4.93%, 01/29/26, (1-day SOFR + 0.550%)<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 15220 | 15246226 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Ultra Short Duration Bond Active ETF**

**(Formerly iShares® Ultra Short-Term Bond Active ETF)**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| National Australia Bank Ltd./New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.31%, 06/13/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; $12095 | $12122863 |
| &nbsp;&nbsp;&nbsp; 4.75%, 12/10/25 | &nbsp;&nbsp;&nbsp; 10290 | 10296797 |
| &nbsp;&nbsp;&nbsp; 4.97%, 01/12/26 | &nbsp;&nbsp;&nbsp; 17800 | 17840146 |
| &nbsp;&nbsp;&nbsp; National Securities Clearing Corp., 4.35%, <br> 05/20/27<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 26590 | 26649480 |
| NatWest Markets PLC, 4.79%, 03/21/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 22400 | 22593635 |
| Nordea Bank Abp |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 09/22/25<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 16900 | 16901036 |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/17/28, (1-day SOFR + 0.700%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 11765 | 11803065 |
| PNC Bank N.A. |  |  |
| &nbsp;&nbsp;&nbsp; 4.54%, 05/13/27, (1-day SOFR + 0.590%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 22560 | 22532299 |
| &nbsp;&nbsp;&nbsp; 4.84%, 01/15/27, (1-day SOFR + 0.500%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 13805 | 13814991 |
| &nbsp;&nbsp;&nbsp; Skandinaviska Enskilda Banken AB, 4.38%, <br> 06/02/28<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 30540 | 30626073 |
| &nbsp;&nbsp;&nbsp; State Street Bank & Trust Co., 4.80%, 11/25/26, <br> (1-day SOFR + 0.460%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 5720 | 5723741 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group Inc., 5.46%, <br> 01/13/26<br>| &nbsp;&nbsp;&nbsp; 17800 | 17863742 |
| Sumitomo Mitsui Trust Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.45%, 09/10/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 13820 | 13819874 |
| &nbsp;&nbsp;&nbsp; 5.65%, 09/14/26<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 12000 | 12147922 |
| Svenska Handelsbanken AB, 4.38%, 05/23/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 12460 | 12507794 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (The), 4.83%, 08/29/25, <br> (1-day SOFR + 0.480%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 18460 | 18465610 |
| &nbsp;&nbsp;&nbsp; Truist Bank, 4.42%, 07/24/28, (5-year CMT + <br> 2.701%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 36315 | 36262374 |
| &nbsp;&nbsp;&nbsp; UBS AG, 5.28%, 09/11/25, (1-day SOFR + <br> 0.930%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 8000 | 8007440 |
| UBS AG/London, 5.80%, 09/11/25 | &nbsp;&nbsp;&nbsp; 8000 | 8009085 |
| &nbsp;&nbsp;&nbsp; UBS AG/Stamford CT, 4.86%, 01/10/28, (1-day <br> SOFR + 0.720%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 16755 | 16860329 |
| &nbsp;&nbsp;&nbsp; United Overseas Bank Ltd., 4.96%, 04/02/28, <br> (1-day SOFR Index + 0.580%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 14125 | 14155898 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp; 5.12%, 01/24/28, (1-day SOFR + 0.780%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 13160 | 13179582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series W, 4.90%, 01/24/28, (1-day SOFR + <br> 0.780%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 9200 | 9247973 |
| Wells Fargo Bank NA |  |  |
| &nbsp;&nbsp;&nbsp; 4.81%, 01/15/26 | &nbsp;&nbsp;&nbsp; 15250 | 15271683 |
| &nbsp;&nbsp;&nbsp; 5.05%, 01/15/26, (1-day SOFR + 0.710%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 15250 | 15278297 |
| Westpac Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.86%, 03/06/28, (1-day SOFR + 0.500%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 13570 | 13614964 |
| &nbsp;&nbsp;&nbsp; 5.07%, 11/17/25, (1-day SOFR + 0.720%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 15440 | 15463477 |
|  |  | 818548049 |
| **Beverages — 0.3%** | **Beverages — 0.3%** | **Beverages — 0.3%** |
| PepsiCo Inc., 5.25%, 11/10/25 | &nbsp;&nbsp;&nbsp; 15440 | 15471173 |
| **Commercial Services — 0.3%** | **Commercial Services — 0.3%** | **Commercial Services — 0.3%** |
| PayPal Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.45%, 03/06/28 | &nbsp;&nbsp;&nbsp; 6610 | 6642479 |
| &nbsp;&nbsp;&nbsp; 5.02%, 03/06/28, (1-day SOFR + 0.670%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 10625 | 10670900 |
|  |  | 17313379 |
| **Computers — 0.6%** | **Computers — 0.6%** | **Computers — 0.6%** |
| Accenture Capital Inc., 3.90%, 10/04/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 9390 | 9328985 |
| &nbsp;&nbsp;&nbsp; International Business Machines Corp., 3.30%, <br> 05/15/26<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 27435 | 27192599 |
|  |  | 36521584 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services — 0.9%** | **Diversified Financial Services — 0.9%** | **Diversified Financial Services — 0.9%** |
| American Express Co. |  |  |
| &nbsp;&nbsp;&nbsp; 5.09%, 04/23/27, (1-day SOFR + 0.750%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; $13960 | $13997890 |
| &nbsp;&nbsp;&nbsp; 6.34%, 10/30/26, (1-day SOFR + 1.330%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 15700 | 15761987 |
| CDP Financial Inc., 4.50%, 02/13/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 9219 | 9220172 |
| USAA Capital Corp., 4.38%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 15395 | 15426482 |
|  |  | 54406531 |
| **Electric — 2.0%** | **Electric — 2.0%** | **Electric — 2.0%** |
| DTE Electric Co., 4.25%, 05/14/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1880 | 1879735 |
| Florida Power & Light Co., 4.45%, 05/15/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 7965 | 7963919 |
| &nbsp;&nbsp;&nbsp; National Rural Utilities Cooperative Finance Corp., <br> 4.75%, 02/07/28<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 6125 | 6176971 |
| NextEra Energy Capital Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.69%, 09/01/27 | &nbsp;&nbsp;&nbsp; 9825 | 9873217 |
| &nbsp;&nbsp;&nbsp; 4.85%, 02/04/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 10270 | 10378060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.11%, 01/29/26, (1-day SOFR Index + <br> 0.760%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 15380 | 15415764 |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/01/25 | &nbsp;&nbsp;&nbsp; 40600 | 40625224 |
| WEC Energy Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/09/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 10000 | 10000550 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/27/25 | &nbsp;&nbsp;&nbsp; 7465 | 7467187 |
| Wisconsin Public Service Corp., 5.35%, 11/10/25 | &nbsp;&nbsp;&nbsp; 8520 | 8527956 |
|  |  | 118308583 |
| **Electronics — 0.1%** | **Electronics — 0.1%** | **Electronics — 0.1%** |
| Amphenol Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/30/26 | &nbsp;&nbsp;&nbsp; 2840 | 2843982 |
| &nbsp;&nbsp;&nbsp; 5.05%, 04/05/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 5800 | 5866537 |
|  |  | 8710519 |
| **Environmental Control — 0.2%** | **Environmental Control — 0.2%** | **Environmental Control — 0.2%** |
| Waste Management Inc., 4.95%, 07/03/27 | &nbsp;&nbsp;&nbsp; 9390 | 9518631 |
| **Food — 0.9%** | **Food — 0.9%** | **Food — 0.9%** |
| Mars Inc., 4.45%, 03/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 17705 | 17729799 |
| Nestle Holdings Inc., 4.00%, 09/12/25<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 17000 | 16985745 |
| Walmart Inc., 3.90%, 09/09/25 | &nbsp;&nbsp;&nbsp; 20000 | 19984749 |
|  |  | 54700293 |
| **Health Care - Products — 0.6%** | **Health Care - Products — 0.6%** | **Health Care - Products — 0.6%** |
| Stryker Corp., 4.55%, 02/10/27 | &nbsp;&nbsp;&nbsp; 26280 | 26361029 |
| Thermo Fisher Scientific Inc., 5.00%, 12/05/26 | &nbsp;&nbsp;&nbsp; 10000 | 10081759 |
|  |  | 36442788 |
| **Health Care - Services — 0.3%** | **Health Care - Services — 0.3%** | **Health Care - Services — 0.3%** |
| Roche Holdings Inc., 5.27%, 11/13/26<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 13170 | 13334334 |
| UnitedHealth Group Inc., 4.75%, 07/15/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 3995 | 4007621 |
|  |  | 17341955 |
| **Insurance — 5.7%** | **Insurance — 5.7%** | **Insurance — 5.7%** |
| Athene Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 4.83%, 05/09/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 39000 | 39163113 |
| &nbsp;&nbsp;&nbsp; 5.01%, 08/10/26, (1-day SOFR + 0.680%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 7190 | 7191461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.08%, 07/16/26, (1-day SOFR Index + <br> 0.750%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 18505 | 18532138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 03/06/28, (1-day SOFR Index + <br> 0.950%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 48025 | 48249277 |
| &nbsp;&nbsp;&nbsp; Equitable America Global Funding, 4.65%, <br> 06/09/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 22850 | 22912494 |
| MassMutual Global Funding II |  |  |
| &nbsp;&nbsp;&nbsp; 4.15%, 08/26/25<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 7302 | 7299997 |
| &nbsp;&nbsp;&nbsp; 4.30%, 10/22/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 9274 | 9268283 |
| &nbsp;&nbsp;&nbsp; 4.45%, 03/27/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 28446 | 28572111 |
| &nbsp;&nbsp;&nbsp; 5.32%, 07/10/26, (1-day SOFR + 0.980%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 15252 | 15346562 |
| &nbsp;&nbsp;&nbsp; Metropolitan Life Global Funding I, 5.00%, <br> 01/06/26<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 10000 | 10017264 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Ultra Short Duration Bond Active ETF**

**(Formerly iShares® Ultra Short-Term Bond Active ETF)**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| New York Life Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 3.60%, 08/05/25<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $16500 | $16497919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.92%, 01/16/26, (1-day SOFR Index + <br> 0.580%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 25000 | 25043273 |
| &nbsp;&nbsp;&nbsp; Northwestern Mutual Global Funding, 4.49%, <br> 03/21/28<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 20970 | 21069814 |
| &nbsp;&nbsp;&nbsp; Pacific Life Global Funding II, 4.82%, 02/04/27, <br> (1-day SOFR + 0.480%)<sup>(a)(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 23140 | 23140069 |
| Pricoa Global Funding I, 4.40%, 08/27/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 8500 | 8502901 |
| &nbsp;&nbsp;&nbsp; Principal Life Global Funding II, 4.60%, <br> 08/19/27<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 13570 | 13596822 |
| Protective Life Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 4.99%, 01/12/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 15250 | 15356921 |
| &nbsp;&nbsp;&nbsp; 5.37%, 01/06/26<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 10000 | 10030606 |
|  |  | 339791025 |
| **Internet — 0.3%** | **Internet — 0.3%** | **Internet — 0.3%** |
| eBay Inc., 5.90%, 11/22/25 | &nbsp;&nbsp;&nbsp; 17600 | 17649533 |
| **Machinery — 1.5%** | **Machinery — 1.5%** | **Machinery — 1.5%** |
| Caterpillar Financial Services Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.35%, 05/15/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 15800 | 15793791 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/07/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 13130 | 13184294 |
| &nbsp;&nbsp;&nbsp; 4.73%, 01/07/27, (1-day SOFR + 0.380%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10545 | 10551350 |
| John Deere Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.20%, 07/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 5820 | 5824594 |
| &nbsp;&nbsp;&nbsp; 4.80%, 01/09/26 | &nbsp;&nbsp;&nbsp; 17800 | 17826998 |
| &nbsp;&nbsp;&nbsp; 4.82%, 10/22/25, (1-day SOFR + 0.480%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 15240 | 15250967 |
| &nbsp;&nbsp;&nbsp; Series ., 4.50%, 01/08/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 13130 | 13185798 |
|  |  | 91617792 |
| **Manufacturing — 0.6%** | **Manufacturing — 0.6%** | **Manufacturing — 0.6%** |
| Siemens Funding BV, 4.35%, 05/26/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 37720 | 37838073 |
| **Mining — 0.2%** | **Mining — 0.2%** | **Mining — 0.2%** |
| Rio Tinto Finance USA PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/12/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 5585 | 5600631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 03/14/28, (1-day SOFR Index + <br> 0.840%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 7450 | 7505620 |
|  |  | 13106251 |
| **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** |
| &nbsp;&nbsp;&nbsp; Bristol-Myers Squibb Co., 4.83%, 02/20/26, (1-day <br> SOFR + 0.490%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 8820 | 8831466 |
| **Pipelines — 0.2%** | **Pipelines — 0.2%** | **Pipelines — 0.2%** |
| &nbsp;&nbsp;&nbsp; Enterprise Products Operating LLC, 5.05%, <br> 01/10/26<br>| &nbsp;&nbsp;&nbsp; 12365 | 12387254 |
| **Retail — 0.9%** | **Retail — 0.9%** | **Retail — 0.9%** |
| Home Depot Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/15/25 | &nbsp;&nbsp;&nbsp; 5170 | 5165983 |
| &nbsp;&nbsp;&nbsp; 5.15%, 06/25/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 12655 | 12743965 |
| Lowe's Companies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 09/08/25 | &nbsp;&nbsp;&nbsp; 11510 | 11505263 |
| &nbsp;&nbsp;&nbsp; 4.80%, 04/01/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 6660 | 6666749 |
| Starbucks Corp., 4.85%, 02/08/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 14940 | 15030968 |
|  |  | 51112928 |
| **Semiconductors — 0.2%** | **Semiconductors — 0.2%** | **Semiconductors — 0.2%** |
| Advanced Micro Devices Inc., 4.21%, 09/24/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 14045 | 14044739 |
| **Software — 0.2%** | **Software — 0.2%** | **Software — 0.2%** |
| Intuit Inc., 5.25%, 09/15/26 | &nbsp;&nbsp;&nbsp; 11165 | 11269007 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications — 0.9%** | **Telecommunications — 0.9%** | **Telecommunications — 0.9%** |
| NBN Co. Ltd., 4.00%, 10/01/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; $27660 | $27359317 |
| NTT Finance Corp., 4.57%, 07/16/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 15670 | 15683870 |
| Verizon Communications Inc., 4.13%, 03/16/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 8305 | 8279622 |
|  |  | 51322809 |
| **Total Corporate Bonds & Notes — 37.8%** <br>**(Cost: $2,259,373,835)** | **Total Corporate Bonds & Notes — 37.8%** <br>**(Cost: $2,259,373,835)** | 2266361715 |
| **Municipal Debt Obligations** | **Municipal Debt Obligations** | **Municipal Debt Obligations** |
| **New York — 0.3%** | **New York — 0.3%** | **New York — 0.3%** |
| New York City Transitional Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp; 4.48%, 05/01/27 | &nbsp;&nbsp;&nbsp; 1670 | 1675874 |
| &nbsp;&nbsp;&nbsp; 4.51%, 11/01/26 | &nbsp;&nbsp;&nbsp; 14325 | 14361213 |
| &nbsp;&nbsp;&nbsp; Taxable Municipal Funding Trust RB, VRDN, <br> 4.65%, 09/04/25<sup>(b)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 1240 | 1240000 |
|  |  | 17277087 |
| **Total Municipal Debt Obligations — 0.3%** <br>**(Cost $17,235,000)** | **Total Municipal Debt Obligations — 0.3%** <br>**(Cost $17,235,000)** | 17277087 |
| **Repurchase Agreements**<sup>(a)(e)</sup> | **Repurchase Agreements**<sup>(a)(e)</sup> | **Repurchase Agreements**<sup>(a)(e)</sup> |
| &nbsp;&nbsp;&nbsp; Bank of America Securities Inc., 4.62%, 08/01/25 <br> (Purchased on 07/31/25 to be repurchased at <br> $54,757,026, collateralized by non-agency <br> mortgage-backed security, 0.00% to 6.89%, due <br> 08/15/41 to 05/25/56, par and fair value of <br> $186,857,989 and $58,582,501, respectively)<br>| &nbsp;&nbsp;&nbsp; 54750 | 54750000 |
| &nbsp;&nbsp;&nbsp; Bank of America Securities Inc., 4.83%, 08/1/25 <br> (Purchased on 7/31/25 to be repurchased at <br> $19,002,549, collateralized by non-agency <br> mortgage-backed security, 3.65% to 9.07%, due <br> 07/07/27 to 12/16/41, par and fair value of <br> $32,205,922 and $20,479,427, respectively)<br>| &nbsp;&nbsp;&nbsp; 19000 | 19000000 |
| &nbsp;&nbsp;&nbsp; BNP Paribas, 4.69%, 08/01/25 (Purchased on <br> 07/31/25 to be repurchased at $46,756,090, <br> collateralized by non-agency mortgage-backed <br> security, 2.25% to 10.00%, due 11/15/25 to <br> 12/31/79, par and fair value of $51,739,000 and <br> $51,385,888, respectively)<br>| &nbsp;&nbsp;&nbsp; 46750 | 46750000 |
| &nbsp;&nbsp;&nbsp; Citigroup Global Markets Inc, 4.63%, 08/01/25 <br> (Purchased on 07/31/25 to be repurchased at <br> $96,012,347, collateralized by non-agency <br> mortgage-backed security, 0.00% to 8.20%, due <br> 11/05/28 to 06/15/63, par and fair value of <br> $115,446,557 and $110,749,314, respectively).<br>| &nbsp;&nbsp;&nbsp; 96000 | 96000000 |
| &nbsp;&nbsp;&nbsp; Citigroup Global Markets Inc, 4.65%, 08/01/25 <br> (Purchased on 07/31/25 to be repurchased at <br> $12,001,550, collateralized by non-agency <br> mortgage-backed security, 0.00% to 6.75%, due <br> 11/05/28 to 02/25/67, par and fair value of <br> $26,659,082 and $13,800,001, respectively)<br>| &nbsp;&nbsp;&nbsp; 12000 | 12000000 |
| &nbsp;&nbsp;&nbsp; Duetsche Bank Securities, 4.78%, 08/01/25 <br> (Purchased on 07/31/25 to be repurchased at <br> $30,003,983, collateralized by non-agency <br> mortgage-backed security, 2.30% to 9.25%, due <br> 10/01/25 to 01/15/84, par and fair value of <br> $33,091,000 and $31,500,564, respectively)<br>| &nbsp;&nbsp;&nbsp; 30000 | 30000000 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Ultra Short Duration Bond Active ETF**

**(Formerly iShares® Ultra Short-Term Bond Active ETF)**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; Goldman Sachs & Co. LLC, 4.84%, 08/01/25 <br> (Purchased on 07/31/25 to be repurchased at <br> $90,012,100, collateralized by U.S. Government <br> Agency and non-agency mortgage-backed <br> security, 1.48% to 9.07%, due 07/15/27 to <br> 06/17/41, par and fair value of $147,630,035 <br> and $94,500,001, respectively)<br>| &nbsp;&nbsp;&nbsp; $90000 | $90000000 |
| &nbsp;&nbsp;&nbsp; Mizuho Securities USA Inc., 4.78%, 08/01/25 <br> (Purchased on 07/31/25 to be repurchased at <br> $6,000,797, collateralized by non-agency <br> mortgage-backed security, 5.41%, due 04/15/38, <br> par and fair value of $6,185,274 and <br> $6,300,000, respectively).<br>| &nbsp;&nbsp;&nbsp; 6000 | 6000000 |
| &nbsp;&nbsp;&nbsp; Mizuho Securities USA Inc., 4.88%, 08/01/25 <br> (Purchased on 07/31/25 to be repurchased at <br> $120,016,267, collateralized by non-agency <br> mortgage-backed security, 2.54% to 8.97%, due <br> 04/17/28 to 03/25/67, par and fair value of <br> $147,951,470 and $128,652,709, respectively)<br>| &nbsp;&nbsp;&nbsp; 120000 | 120000000 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley & Co.LLC, 4.87%, 08/01/25 <br> (Purchased on 07/31/25 to be repurchased at <br> $35,004,735, collateralized by non-agency <br> mortgage-backed security, 3.15% to 11.53%, <br> due 01/15/30 to 05/25/52, par and fair value of <br> $45,031,784 and $38,500,001, respectively)<br>| &nbsp;&nbsp;&nbsp; 35000 | 35000000 |
| &nbsp;&nbsp;&nbsp; Wells Fargo Securities, 4.74%, 08/01/25 <br> (Purchased on 7/31/25 to be repurchased at <br> $90,011,850, collateralized by non-agency <br> mortgage-backed security, 1.84% to 6.60%, due <br> 07/05/33 to 02/25/70, par and fair value of <br> $113,360,163 and $99,261,400, respectively)<br>| &nbsp;&nbsp;&nbsp; 90000 | 90000000 |
| **Total Repurchase Agreements — 10.0%** <br>**(Cost: $599,500,000)** | **Total Repurchase Agreements — 10.0%** <br>**(Cost: $599,500,000)** | 599500000 |
| **U.S. Government Obligations** | **U.S. Government Obligations** | **U.S. Government Obligations** |
| **U.S. Government Obligations — 2.9%** | **U.S. Government Obligations — 2.9%** | **U.S. Government Obligations — 2.9%** |
| U.S. Treasury Note/Bond |  |  |
| &nbsp;&nbsp;&nbsp; 1.63%, 02/15/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 11860 | 11692477 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| &nbsp;&nbsp;&nbsp; 3.50%, 09/30/26 | &nbsp;&nbsp;&nbsp; $13825 | $13724553 |
| &nbsp;&nbsp;&nbsp; 3.75%, 08/31/26 | &nbsp;&nbsp;&nbsp; 27420 | 27298966 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/31/27 | &nbsp;&nbsp;&nbsp; 30000 | 29940234 |
| &nbsp;&nbsp;&nbsp; 4.13%, 10/31/26 | &nbsp;&nbsp;&nbsp; 41195 | 41191782 |
| &nbsp;&nbsp;&nbsp; 4.88%, 11/30/25 | &nbsp;&nbsp;&nbsp; 21000 | 21029531 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/31/25 | &nbsp;&nbsp;&nbsp; 15530 | 15535739 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/30/25 | &nbsp;&nbsp;&nbsp; 15500 | 15513684 |
| **Total U.S. Government Obligations — 2.9%** <br>**(Cost: $175,713,865)** | **Total U.S. Government Obligations — 2.9%** <br>**(Cost: $175,713,865)** | 175926966 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Money Market Funds** | **Money Market Funds** | **Money Market Funds** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 4.44%<sup>(f)(g)(h)</sup><br>| &nbsp;&nbsp;&nbsp; 105292504 | 105334621 |
| **Total Money Market Funds — 1.8%** <br>**(Cost: $105,315,459)** | **Total Money Market Funds — 1.8%** <br>**(Cost: $105,315,459)** | 105334621 |
| **Total Investments — 102.2%** <br>**(Cost: $6,121,268,282)** | **Total Investments — 102.2%** <br>**(Cost: $6,121,268,282)** | 6128822063 |
| **Liabilities in Excess of Other Assets — (2.2)%** | **Liabilities in Excess of Other Assets — (2.2)%** | (130983502)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $5997838561 |

---

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

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

<sup>(d)</sup> Variable rate security. Rate as of period end and maturity is the date the principal owed can be recovered through demand. 

<sup>(e)</sup> Maturity date represents next reset date.

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

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

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

**Affiliates**

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*10/31/24*<br>| &nbsp;&nbsp; *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*07/31/25*<br>| *Shares* <br>*Held at* <br>*07/31/25*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL <br> Agency Shares, 4.44%<br>| $105164428<br> $189988 <br><sup>(a)</sup><br>| $— | $(2303)<br>| $(17492)<br>| $105334621 | 105292504 | $177306 <br><sup>(b)</sup><br>| $— |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL <br> Agency Shares, 4.30%<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br> 0 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp; 181963 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  | $(2303) | $(17492) | $105334621 |  | $359269 | $— |

---

&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. 

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

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Ultra Short Duration Bond Active ETF**

**(Formerly iShares® Ultra Short-Term Bond Active ETF)**

**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; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities | &nbsp;&nbsp; $— | &nbsp;&nbsp; $549504432 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $549504432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp; — | &nbsp;&nbsp; 1161547789 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1161547789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp; — | &nbsp;&nbsp; 1253369453 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1253369453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 2266361715 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2266361715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Debt Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 17277087 | &nbsp;&nbsp; — | &nbsp;&nbsp; 17277087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repurchase Agreements | &nbsp;&nbsp; — | &nbsp;&nbsp; 599500000 | &nbsp;&nbsp; — | &nbsp;&nbsp; 599500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Government & Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 175926966 | &nbsp;&nbsp; — | &nbsp;&nbsp; 175926966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 105334621 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 105334621 |
|  | &nbsp;&nbsp; $105334621 | &nbsp;&nbsp; $6023487442 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $6128822063 |

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| CMT | Constant Maturity Treasury |
| RB | Revenue Bonds |
| SOFR | Secured Overnight Financing Rate |

---

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

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** iShares U.S. ETF Trust

- **b. Investment Company Act file number:** 811-22649

- **c. CIK number of Registrant:** 0001524513

- **d. LEI of Registrant:** 5493002YECWEEITPWL97

- **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 Ultra Short Duration Bond Active ETF

- **b. EDGAR series identifier (if any):** S000040474

- **c. LEI of Series:** 549300JE6SRZTXKUCU42

**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:** $6247705520.69

**Total Liabilities:** $249865976.83

**Net Assets:** $5997839543.86

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 83486.97000000 | **1-Year:** 235844.11000000 | **5-Year:** 124392.54000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000125661 | 0.36%                | 0.50%                | 0.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $23241.79                | $-1738822.67                               |
| Month 2  | $49797.58                | $4829008.27                                |
| Month 3  | $32421.80                | $-4153162.98                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JOHN DEERE CAPITAL CORP                                  | John Deere Capital Corp                                  | CUSIP: 24422EXV6<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   5820000 | PA      | $5824593.55   | 0.10%             | 2027-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: —       |
| Salisbury Receivables Co LLC                             | Salisbury Receivables Co LLC                             | CUSIP: 79490AY36<br>LEI: 549300HB2PGDP0V6U989 | Long             | STIV             | CORP              | US        |  45950000 | PA      | $45416874.32  | 0.76%             | 2025-11-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                      | JPMorgan Chase & Co                                      | CUSIP: 46647PCB0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  26260000 | PA      | $25694960.69  | 0.43%             | 2027-04-22      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| Intrepid Funding Co LLC                                  | Intrepid Funding Co LLC                                  | CUSIP: 46125FDW6<br>LEI: 984500FAJ11A8A3K3E69 | Long             | STIV             | CORP              | US        |  20250000 | PA      | $19588533.75  | 0.33%             | 2026-04-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                              | Citibank NA                                              | CUSIP: 17325FAZ1<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |  15440000 | PA      | $15447905.28  | 0.26%             | 2025-09-29      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GRP NY                                 | Australia & New Zealand Banking Group Ltd/New York NY    | CUSIP: 05253JAY7<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |  15000000 | PA      | $15025828.05  | 0.25%             | 2025-10-03      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMP BK COMM NY                                  | Canadian Imperial Bank of Commerce/New York NY           | CUSIP: 13606DHY1<br>LEI: 549300H8L46OOZOFHU82 | Long             | STIV             | CORP              | CA        |  32000000 | PA      | $32020201.60  | 0.53%             | 2025-11-12      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                                 | SVENSKA HANDELSBANKEN AB                                 | CUSIP: 86959TJD9<br>LEI: N/A                  | Long             | STIV             | CORP              | SE        |  14000000 | PA      | $14003196.20  | 0.23%             | 2025-11-12      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| PAYPAL HOLDINGS INC                                      | PayPal Holdings Inc                                      | CUSIP: 70450YAR4<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |  10625000 | PA      | $10670900.00  | 0.18%             | 2028-03-06      | Floating      | 5.02%                 | No            |                  2 | On Loan: —       |
| HYUNDAI CAPITAL AMERICA                                  | Hyundai Capital America                                  | CUSIP: 44891ADY0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  15375000 | PA      | $15436511.69  | 0.26%             | 2027-06-23      | Floating      | 5.47%                 | No            |                  2 | On Loan: —       |
| CITIBANK NA                                              | Citibank NA                                              | CUSIP: 17330QGW1<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | STIV             | CORP              | US        |  40000000 | PA      | $40012476.00  | 0.67%             | 2025-09-19      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| EBAY INC                                                 | eBay Inc                                                 | CUSIP: 278642BC6<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |  17600000 | PA      | $17649532.91  | 0.29%             | 2025-11-22      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Natixis SA/New York NY                                   | Natixis SA/New York NY                                   | CUSIP: 63873TCE6<br>LEI: 2549003L5ZG5M2ZSE107 | Long             | STIV             | CORP              | FR        |  25000000 | PA      | $24998192.50  | 0.42%             | 2025-11-04      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| First Abu Dhabi Bank USA NV                              | First Abu Dhabi Bank USA NV                              | CUSIP: 31851XVF6<br>LEI: N/A                  | Long             | STIV             | CORP              | CW        |  13560000 | PA      | $13561059.04  | 0.23%             | 2025-10-14      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| CDP Financial Inc                                        | CDP Financial Inc                                        | CUSIP: 12509TC96<br>LEI: 549300OXMGVYFCBFV096 | Long             | STIV             | CORP              | CA        |  32000000 | PA      | $31151907.20  | 0.52%             | 2026-03-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd                                              | Nutrien Ltd                                              | CUSIP: 67077UW22<br>LEI: 5493002QQ7GD21OWF963 | Long             | STIV             | CORP              | CA        |   5890000 | PA      | $5865050.55   | 0.10%             | 2025-09-02      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust             | American Express Credit Account Master Trust             | CUSIP: 02582JJX9<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |  14709000 | PA      | $14720367.12  | 0.25%             | 2027-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                   | UnitedHealth Group Inc                                   | CUSIP: 91324PFF4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   3995000 | PA      | $4007621.44   | 0.07%             | 2026-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| DAIMLER TRUCK FINAN NA                                   | Daimler Truck Finance North America LLC                  | CUSIP: 233853AS9<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |  10155000 | PA      | $10156625.92  | 0.17%             | 2025-08-08      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Pure Grove Funding                                       | Pure Grove Funding                                       | CUSIP: 74625UBR3<br>LEI: 5493001D6K5CFMBUWV36 | Long             | STIV             | CORP              | US        |  17050000 | PA      | $16618998.17  | 0.28%             | 2026-02-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| PAYPAL HOLDINGS INC                                      | PayPal Holdings Inc                                      | CUSIP: 70450YAS2<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |   6610000 | PA      | $6642478.57   | 0.11%             | 2028-03-06      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                     | Westpac Banking Corp                                     | CUSIP: 9612E0DL8<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |  13570000 | PA      | $13614963.65  | 0.23%             | 2028-03-06      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                    | Athene Global Funding                                    | CUSIP: 04685A4N8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  39000000 | PA      | $39163113.21  | 0.65%             | 2028-05-09      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                 | Caterpillar Financial Services Corp                      | CUSIP: 14913UAW0<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |  10545000 | PA      | $10551349.88  | 0.18%             | 2027-01-07      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| Credit Agricole Corporate and Investment Bank/New York   | Credit Agricole Corporate and Investment Bank/New York   | CUSIP: 22536HVZ9<br>LEI: 254900BN8XS34XZDJ223 | Long             | STIV             | CORP              | US        |  15000000 | PA      | $14996656.50  | 0.25%             | 2025-10-07      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                              | Citibank NA                                              | CUSIP: 17325FBC1<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |  15380000 | PA      | $15581792.21  | 0.26%             | 2026-12-04      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                  | Hyundai Auto Lease Securitization Trust 2025-B           | CUSIP: 44935DAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4107000 | PA      | $4119868.05   | 0.07%             | 2027-09-15      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust                                  | BMW Vehicle Lease Trust 2025-1                           | CUSIP: 096912AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  24707000 | PA      | $24723039.78  | 0.41%             | 2027-09-27      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp                                    | Northrop Grumman Corp                                    | CUSIP: 66681LVM9<br>LEI: RIMU48P07456QXSO0R61 | Long             | STIV             | CORP              | US        |  60000000 | PA      | $59839608.00  | 1.00%             | 2025-08-21      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BK/NY                                 | National Australia Bank Ltd/New York                     | CUSIP: 632525CJ8<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |  12095000 | PA      | $12122863.13  | 0.20%             | 2028-06-13      | Fixed         | 4.31%                 | No            |                  2 | On Loan: —       |
| AMPHENOL CORP                                            | Amphenol Corp                                            | CUSIP: 032095AN1<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   5800000 | PA      | $5866536.96   | 0.10%             | 2027-04-05      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                   | NextEra Energy Capital Holdings Inc                      | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   9825000 | PA      | $9873216.97   | 0.16%             | 2027-09-01      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                  | Hyundai Auto Lease Securitization Trust 2024-B           | CUSIP: 44934FAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2749785 | PA      | $2750434.52   | 0.05%             | 2026-10-15      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| STATE STREET BANK & TR                                   | State Street Bank & Trust Co                             | CUSIP: 857449AD4<br>LEI: 571474TGEMMWANRLN572 | Long             | DBT              | CORP              | US        |   5720000 | PA      | $5723741.17   | 0.10%             | 2026-11-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: —       |
| HYUNDAI CAPITAL AMERICA                                  | Hyundai Capital America                                  | CUSIP: 44891ADF1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  13825000 | PA      | $13725377.88  | 0.23%             | 2027-09-24      | Fixed         | 4.30%                 | No            |                  2 | On Loan: —       |
| DEUTSCHE BANK NY                                         | Deutsche Bank AG/New York NY                             | CUSIP: 25152XYL8<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | STIV             | CORP              | DE        |  19000000 | PA      | $18998423.00  | 0.32%             | 2026-04-23      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                             | Ford Credit Auto Lease Trust 2025-A                      | CUSIP: 345282AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7559000 | PA      | $7564975.39   | 0.13%             | 2027-08-15      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| SIEMENS FUNDING BV                                       | Siemens Funding BV                                       | CUSIP: 82622RAA4<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |  37720000 | PA      | $37838073.03  | 0.63%             | 2028-05-26      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                           | Home Depot Inc/The                                       | CUSIP: 437076CZ3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |  12655000 | PA      | $12743964.40  | 0.21%             | 2026-06-25      | Fixed         | 5.15%                 | No            |                  2 | On Loan: —       |
| AMPHENOL CORP                                            | Amphenol Corp                                            | CUSIP: 032095AM3<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   2840000 | PA      | $2843982.59   | 0.05%             | 2026-03-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BofA Securities Inc                                      | BofA Securities Inc                                      | CUSIP: 06054NWK3<br>LEI: 549300HN4UKV1E2R3U73 | Long             | STIV             | CORP              | US        |  14000000 | PA      | $13914055.40  | 0.23%             | 2025-09-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SWEDBANK                                                 | Swedbank AB                                              | CUSIP: 87020YCZ9<br>LEI: M312WZV08Y7LYUC71685 | Long             | STIV             | CORP              | SE        |  30370000 | PA      | $30378907.52  | 0.51%             | 2025-10-01      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                    | Wells Fargo & Co                                         | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   9200000 | PA      | $9247972.66   | 0.15%             | 2028-01-24      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                      | CUSIP: 91282CLH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  27420000 | PA      | $27298966.47  | 0.46%             | 2026-08-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                      | Toyota Auto Receivables 2025-C Owner Trust               | CUSIP: 89238VAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  40402000 | PA      | $40309826.88  | 0.67%             | 2030-03-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd                                              | Nutrien Ltd                                              | CUSIP: 67077UV56<br>LEI: 5493002QQ7GD21OWF963 | Long             | STIV             | CORP              | CA        |  27200000 | PA      | $27182681.76  | 0.45%             | 2025-08-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                     | Westpac Banking Corp                                     | CUSIP: 961214FM0<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |  15440000 | PA      | $15463477.29  | 0.26%             | 2025-11-17      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust             | American Express Credit Account Master Trust             | CUSIP: 02582JKV1<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |  11400000 | PA      | $11445964.80  | 0.19%             | 2030-07-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| MIZUHO SECURITIES USA LLC                                | TRI PARTY MIZUHO                                         | CUSIP: 000000000<br>LEI: 7TK5RJIZDFROZCA6XF66 | Long             | RA               | CORP              | US        |   6000000 | PA      | $6000000.00   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                  | Hyundai Auto Lease Securitization Trust 2025-A           | CUSIP: 44935WAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18247950 | PA      | $18253684.97  | 0.30%             | 2027-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                     | Mercedes-Benz Finance North America LLC                  | CUSIP: 58769JAN7<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |  15240000 | PA      | $15257100.65  | 0.25%             | 2026-01-09      | Floating      | 5.02%                 | No            |                  2 | On Loan: —       |
| Hyundai Auto Lease Securitization Trust                  | Hyundai Auto Lease Securitization Trust 2025-B           | CUSIP: 44935DAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9294000 | PA      | $9306129.60   | 0.16%             | 2027-09-15      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| USAA CAPITAL CORP                                        | USAA Capital Corp                                        | CUSIP: 90327QDA4<br>LEI: 5493007XLF4LU3U2W757 | Long             | DBT              | CORP              | US        |  15395000 | PA      | $15426482.16  | 0.26%             | 2028-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC                             | TRI PARTY CITIGROUP                                      | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | RA               | CORP              | US        |  96000000 | PA      | $96000000.00  | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                    | Athene Global Funding                                    | CUSIP: 04685A4M0<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  48025000 | PA      | $48249276.75  | 0.80%             | 2028-03-06      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                      | American Express Co                                      | CUSIP: 025816DL0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  15700000 | PA      | $15761986.74  | 0.26%             | 2026-10-30      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                 | Toyota Motor Credit Corp                                 | CUSIP: 89236TMD4<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  13955000 | PA      | $14037874.00  | 0.23%             | 2026-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| MUFG BANK LTD/NY                                         | MUFG Bank Ltd/New York NY                                | CUSIP: 55381BFD5<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | STIV             | CORP              | JP        |  22000000 | PA      | $22003676.20  | 0.37%             | 2025-11-26      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                                              | KeyBank NA/Cleveland OH                                  | CUSIP: 49327M3G7<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   3275000 | PA      | $3272930.56   | 0.05%             | 2026-01-26      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Eaton Capital ULC                                        | Eaton Capital ULC                                        | CUSIP: 27806BV19<br>LEI: 549300OLS85LSODKAF64 | Long             | STIV             | CORP              | US        |  14590000 | PA      | $14588163.12  | 0.24%             | 2025-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                           | Home Depot Inc/The                                       | CUSIP: 437076CR1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   5170000 | PA      | $5165983.22   | 0.09%             | 2025-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MORGAN CAP                                    | Washington Morgan Capital Co LLC                         | CUSIP: 93930N3D9<br>LEI: 2549001B50UEKC5ND641 | Long             | STIV             | CORP              | US        |  25000000 | PA      | $25002300.00  | 0.42%             | 2025-12-19      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| OVERSEA-CHINESE BANKING                                  | Oversea-Chinese Banking Corp Ltd                         | CUSIP: 69034CRW0<br>LEI: 5493007O3QFXCPOGWK22 | Long             | STIV             | CORP              | SG        |  10200000 | PA      | $10200591.60  | 0.17%             | 2025-09-18      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                 | Sumitomo Mitsui Financial Group Inc                      | CUSIP: 86562MCT5<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |  17800000 | PA      | $17863741.62  | 0.30%             | 2026-01-13      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| NBN CO LTD                                               | NBN Co Ltd                                               | CUSIP: 62878U2H4<br>LEI: 2549007CRZ2NT7S96A24 | Long             | DBT              | CORP              | AU        |  27660000 | PA      | $27359316.71  | 0.46%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| MERCEDES-BENZ FIN NA                                     | Mercedes-Benz Finance North America LLC                  | CUSIP: 58769JAT4<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |  13690000 | PA      | $13745589.34  | 0.23%             | 2026-07-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| SKANDINAVISKA ENSKILDA                                   | Skandinaviska Enskilda Banken AB                         | CUSIP: 830505BE2<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |  30540000 | PA      | $30626073.33  | 0.51%             | 2028-06-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| Toyota Auto Receivables Owner Trust                      | Toyota Auto Receivables 2025-B Owner Trust               | CUSIP: 89231HAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14286000 | PA      | $14312814.82  | 0.24%             | 2028-03-15      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                      | Wells Fargo Bank NA                                      | CUSIP: 94988J6H5<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |  15250000 | PA      | $15271683.21  | 0.25%             | 2026-01-15      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                   | American Honda Finance Corp                              | CUSIP: 02665WFP1<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  13820000 | PA      | $13804984.02  | 0.23%             | 2026-10-05      | Fixed         | 4.40%                 | No            |                  2 | On Loan: —       |
| Brookfield BRP Holdings Canada Inc                       | Brookfield BRP Holdings Canada Inc                       | CUSIP: 11284WVB6<br>LEI: 549300NSPD7QJ50GZW26 | Long             | STIV             | CORP              | CA        |  11000000 | PA      | $10984656.10  | 0.18%             | 2025-08-11      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BK/NY                                 | National Australia Bank Ltd/New York                     | CUSIP: 63253QAF1<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |  10290000 | PA      | $10296796.96  | 0.17%             | 2025-12-10      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EQUITABLE AMERICA GLOBAL                                 | Equitable America Global Funding                         | CUSIP: 29446Q2A0<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |  22850000 | PA      | $22912493.61  | 0.38%             | 2028-06-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL CHICAGO                                 | Bank of Montreal/Chicago IL                              | CUSIP: 06370B3K8<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |  25000000 | PA      | $25033693.75  | 0.42%             | 2026-05-20      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| HSBC USA Inc                                             | HSBC USA Inc                                             | CUSIP: 40434RB35<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |  23000000 | PA      | $22467897.30  | 0.37%             | 2026-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Credit Agricole Corporate and Investment Bank/New York   | Credit Agricole Corporate and Investment Bank/New York   | CUSIP: 22536HW96<br>LEI: 254900BN8XS34XZDJ223 | Long             | STIV             | CORP              | US        |  25500000 | PA      | $25503195.15  | 0.43%             | 2025-10-09      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                             | Ford Credit Auto Owner Trust 2024-D                      | CUSIP: 34535VAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11794880 | PA      | $11799442.19  | 0.20%             | 2027-10-15      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Owner Trust                                  | BMW Vehicle Owner Trust 2024-A                           | CUSIP: 096919AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2541654 | PA      | $2542029.59   | 0.04%             | 2027-02-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                              | PepsiCo Inc                                              | CUSIP: 713448FV5<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |  15440000 | PA      | $15471172.74  | 0.26%             | 2025-11-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMP BK COMM NY                                  | Canadian Imperial Bank of Commerce/New York NY           | CUSIP: 13606DJT0<br>LEI: 549300H8L46OOZOFHU82 | Long             | STIV             | CORP              | CA        |   5000000 | PA      | $5008362.10   | 0.08%             | 2026-05-21      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                                     | Lockheed Martin Corp                                     | CUSIP: 539830BU2<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |   6195000 | PA      | $6199115.15   | 0.10%             | 2025-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Credit Industriel et Commercial/New York                 | Credit Industriel et Commercial/New York                 | CUSIP: 22536WK39<br>LEI: N4JDFKKH2FTD8RKFXO39 | Long             | STIV             | CORP              | US        |  28500000 | PA      | $28489643.10  | 0.47%             | 2026-05-12      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                   | NextEra Energy Capital Holdings Inc                      | CUSIP: 65339KDG2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |  10270000 | PA      | $10378059.60  | 0.17%             | 2028-02-04      | Fixed         | 4.85%                 | No            |                  2 | On Loan: —       |
| HSBC USA Inc                                             | HSBC USA Inc                                             | CUSIP: 40434RF98<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |  16000000 | PA      | $15393550.40  | 0.26%             | 2026-06-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMP BK COMM NY                                  | Canadian Imperial Bank of Commerce/New York NY           | CUSIP: 13606DAF9<br>LEI: 549300H8L46OOZOFHU82 | Long             | STIV             | CORP              | CA        |  22750000 | PA      | $22758965.78  | 0.38%             | 2025-09-23      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                                   | Protective Life Global Funding                           | CUSIP: 74368CBQ6<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10030606.20  | 0.17%             | 2026-01-06      | Fixed         | 5.37%                 | No            |                  2 | On Loan: —       |
| NATWEST MARKETS PLC                                      | NatWest Markets PLC                                      | CUSIP: 63906YAM0<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |  22400000 | PA      | $22593634.56  | 0.38%             | 2028-03-21      | Fixed         | 4.79%                 | No            |                  2 | On Loan: —       |
| Taxable Municipal Funding Trust                          | TXBL MUNI FUNDING TRUST VARIOUS STATES                   | CUSIP: 62630WEL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1240000.00   | 0.02%             | 2030-09-01      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| DZ Bank AG Deutsche Zentral-Genossenschaftsbank/New York | DZ Bank AG Deutsche Zentral-Genossenschaftsbank/New York | CUSIP: 23344JD44<br>LEI: 529900HNOAA1KXQJUQ27 | Long             | STIV             | CORP              | US        |   9570000 | PA      | $9570093.79   | 0.16%             | 2025-09-25      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority             | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV               | CUSIP: 64972JUW6<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  14325000 | PA      | $14361212.45  | 0.24%             | 2026-11-01      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                       | Roche Holdings Inc                                       | CUSIP: 771196CE0<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |  13170000 | PA      | $13334334.07  | 0.22%             | 2026-11-13      | Fixed         | 5.27%                 | No            |                  2 | On Loan: —       |
| SVENSKA HANDELSBANKEN NY                                 | Svenska Handelsbanken/New York NY                        | CUSIP: 86959TLW4<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |  15000000 | PA      | $15001929.00  | 0.25%             | 2025-12-12      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                     | Mercedes-Benz Finance North America LLC                  | CUSIP: 58769JAJ6<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |  15290000 | PA      | $15290000.00  | 0.25%             | 2025-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BK                                      | TORONTO DOMINION BK                                      | CUSIP: 89115DRF5<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   8320000 | PA      | $8321768.83   | 0.14%             | 2026-03-04      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| MIZUHO BANK LTD/NY                                       | Mizuho Bank Ltd/New York NY                              | CUSIP: 60710TE49<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | STIV             | CORP              | JP        |  21000000 | PA      | $21010630.20  | 0.35%             | 2026-02-18      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                                            | HSBC Bank PLC                                            | CUSIP: 40433FVM8<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | STIV             | CORP              | GB        |   8000000 | PA      | $8001352.80   | 0.13%             | 2026-02-24      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                                      | CNH Equipment Trust 2025-B                               | CUSIP: 12675EAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7306000 | PA      | $7304536.61   | 0.12%             | 2028-11-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                             | Ford Credit Auto Owner Trust 2024-A                      | CUSIP: 34535EAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2330940 | PA      | $2331109.55   | 0.04%             | 2027-01-15      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                                          | DTE Electric Co                                          | CUSIP: 23338VAW6<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |   1880000 | PA      | $1879735.24   | 0.03%             | 2027-05-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| BANK OF MONTREAL CHICAGO                                 | Bank of Montreal/Chicago IL                              | CUSIP: 06370B3W2<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |  22070000 | PA      | $22072069.50  | 0.37%             | 2026-08-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| ING (US) FUNDING LLC                                     | ING US Funding LLC                                       | CUSIP: 44988GFU7<br>LEI: 254900QX5Y2ZDZ6XBT08 | Long             | STIV             | CORP              | US        |  15000000 | PA      | $15003406.50  | 0.25%             | 2025-11-14      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                          | Danske Bank A/S                                          | CUSIP: 23636REF7<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | STIV             | CORP              | DK        |  10000000 | PA      | $9656413.00   | 0.16%             | 2026-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Porsche Innovative Lease Owner Trust                     | Porsche Innovative Lease Owner Trust 2025-1              | CUSIP: 73329KAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  21971000 | PA      | $21988499.90  | 0.37%             | 2027-12-20      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| UBS AG LONDON                                            | UBS AG/London                                            | CUSIP: 902674ZX1<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |   8000000 | PA      | $8007440.00   | 0.13%             | 2025-09-11      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALI BANK L                                 | National Australia Bank Ltd                              | CUSIP: 63254GV28<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | STIV             | CORP              | AU        |  16190000 | PA      | $16189684.30  | 0.27%             | 2026-03-17      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                       | Honda Auto Receivables 2025-2 Owner Trust                | CUSIP: 437921AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14122000 | PA      | $14147327.81  | 0.24%             | 2028-01-18      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                                 | Sumitomo Mitsui Trust Bank Ltd                           | CUSIP: 86563VBK4<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |  12000000 | PA      | $12147922.20  | 0.20%             | 2026-09-14      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                  | Hyundai Auto Lease Securitization Trust 2024-B           | CUSIP: 44934FAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5594642 | PA      | $5602006.58   | 0.09%             | 2026-10-15      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                                   | Commonwealth Bank of Australia                           | CUSIP: 2027A0KV0<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |  13900000 | PA      | $13928106.08  | 0.23%             | 2026-11-27      | Floating      | 4.82%                 | No            |                  2 | On Loan: —       |
| BANQUE FED CRED MUTUEL                                   | Banque Federative du Credit Mutuel SA                    | CUSIP: 06675FAZ0<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |  17400000 | PA      | $17428769.33  | 0.29%             | 2026-01-26      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| CDP FINANCIAL INC                                        | CDP Financial Inc                                        | CUSIP: 125094BB7<br>LEI: 549300OXMGVYFCBFV096 | Long             | DBT              | NUSS              | CA        |   9219000 | PA      | $9220172.10   | 0.15%             | 2026-02-13      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD CT                                       | UBS AG/Stamford CT                                       | CUSIP: 90275DUR9<br>LEI: 254900R882POXXVAK772 | Long             | STIV             | CORP              | CH        |  15000000 | PA      | $15008457.00  | 0.25%             | 2025-11-03      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Bank of America Credit Card Trust                        | BA Credit Card Trust                                     | CUSIP: 05522RDK1<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |  22264000 | PA      | $22345597.56  | 0.37%             | 2030-05-15      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| Chase Issuance Trust                                     | Chase Issuance Trust                                     | CUSIP: 161571HS6<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-O            | CORP              | US        |  14100000 | PA      | $14088980.85  | 0.23%             | 2027-09-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada                                  | National Bank of Canada                                  | CUSIP: 63307LY47<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | STIV             | CORP              | CA        |  14660000 | PA      | $14489631.74  | 0.24%             | 2025-11-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Funds III                                      | BlackRock Cash Funds: Institutional, SL Agency Shares    | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        | 107964982 | NS      | $108008168.40 | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Nissan Auto Receivables Owner Trust                      | Nissan Auto Receivables 2025-A Owner Trust               | CUSIP: 65481GAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  30238000 | PA      | $30260992.98  | 0.50%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| USAA Auto Owner Trust                                    | USAA Auto Owner Trust 2024-A                             | CUSIP: 90327VAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3594541 | PA      | $3598201.40   | 0.06%             | 2027-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ACCENTURE CAPITAL INC                                    | Accenture Capital Inc                                    | CUSIP: 00440KAA1<br>LEI: 254900FRO0P7RIINYT25 | Long             | DBT              | CORP              | US        |   9390000 | PA      | $9328985.09   | 0.16%             | 2027-10-04      | Fixed         | 3.90%                 | No            |                  2 | On Loan: —       |
| HYUNDAI CAPITAL AMERICA                                  | Hyundai Capital America                                  | CUSIP: 44891ADP9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  14215000 | PA      | $14259504.32  | 0.24%             | 2027-03-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                              | Truist Bank                                              | CUSIP: 89788JAF6<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |  36315000 | PA      | $36262373.75  | 0.60%             | 2028-07-24      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                                  | National Australia Bank Ltd                              | CUSIP: 632525BP5<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |  15220000 | PA      | $15246225.89  | 0.25%             | 2026-01-29      | Floating      | 4.93%                 | No            |                  2 | On Loan: —       |
| Credit Agricole Corporate and Investment Bank/New York   | Credit Agricole Corporate and Investment Bank/New York   | CUSIP: 22536JLE3<br>LEI: 254900BN8XS34XZDJ223 | Long             | STIV             | CORP              | US        |  22600000 | PA      | $22598454.16  | 0.38%             | 2025-11-07      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| Fiserv Inc                                               | Fiserv Inc                                               | CUSIP: 33774KV64<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | STIV             | CORP              | US        |   9780000 | PA      | $9772555.46   | 0.16%             | 2025-08-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSMUTUAL GLOBAL FUNDIN                                 | MassMutual Global Funding II                             | CUSIP: 57629TBQ9<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |  15252000 | PA      | $15346562.40  | 0.26%             | 2026-07-10      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| SKANDINAV ENSKILDA BANK                                  | Skandinaviska Enskilda Banken AB                         | CUSIP: 83050WQM9<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | STIV             | CORP              | SE        |  20350000 | PA      | $20368146.10  | 0.34%             | 2026-04-22      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| ADVANCED MICRO DEVICES                                   | Advanced Micro Devices Inc                               | CUSIP: 007903BH9<br>LEI: R2I72C950HOYXII45366 | Long             | DBT              | CORP              | US        |  14045000 | PA      | $14044738.90  | 0.23%             | 2026-09-24      | Fixed         | 4.21%                 | No            |                  2 | On Loan: —       |
| Ford Credit Auto Owner Trust                             | Ford Credit Auto Owner Trust 2024-B                      | CUSIP: 34531QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4495313 | PA      | $4505761.61   | 0.08%             | 2027-04-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NATIONAL SECS CLEARING                                   | National Securities Clearing Corp                        | CUSIP: 637639AN5<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |  26590000 | PA      | $26649480.50  | 0.44%             | 2027-05-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: —       |
| Norfina Ltd                                              | Norfina Ltd                                              | CUSIP: 86724AW80<br>LEI: JEBU6C6ITPD2YZ9N7F22 | Long             | STIV             | CORP              | AU        |  12900000 | PA      | $12839222.94  | 0.21%             | 2025-09-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PRICOA GLOBAL FUNDING 1                                  | Pricoa Global Funding I                                  | CUSIP: 74153WCU1<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |   8500000 | PA      | $8502900.71   | 0.14%             | 2027-08-27      | Fixed         | 4.40%                 | No            |                  2 | On Loan: —       |
| CATERPILLAR FINL SERVICE                                 | Caterpillar Financial Services Corp                      | CUSIP: 14913UAA8<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |  15800000 | PA      | $15793790.92  | 0.26%             | 2026-05-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: —       |
| PROTECTIVE LIFE GLOBAL                                   | Protective Life Global Funding                           | CUSIP: 74368CBX1<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |  15250000 | PA      | $15356921.41  | 0.26%             | 2027-01-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: —       |
| BPCE SA                                                  | BPCE SA                                                  | CUSIP: 05611C2A0<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |  15230000 | PA      | $15268329.19  | 0.25%             | 2026-01-26      | Fixed         | 5.10%                 | No            |                  2 | On Loan: —       |
| AMERICAN HONDA FINANCE                                   | American Honda Finance Corp                              | CUSIP: 02665WFN6<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10018782.40  | 0.17%             | 2026-10-05      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                                      | CNH Equipment Trust 2025-B                               | CUSIP: 12675EAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9206000 | PA      | $9207952.59   | 0.15%             | 2028-11-15      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                      | CUSIP: 91282CLP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13825000 | PA      | $13724552.80  | 0.23%             | 2026-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANK CORPORATE                                    | LLOYDS BANK CORPORATE                                    | CUSIP: 53947B3U2<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  25705000 | PA      | $25690620.62  | 0.43%             | 2026-05-15      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                           | Lowe's Cos Inc                                           | CUSIP: 548661EK9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |  11510000 | PA      | $11505262.83  | 0.19%             | 2025-09-08      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC                                     | Waste Management Inc                                     | CUSIP: 94106LBX6<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |   9390000 | PA      | $9518630.70   | 0.16%             | 2027-07-03      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Lease Trust                                  | Nissan Auto Lease Trust 2025-A                           | CUSIP: 65479XAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20075000 | PA      | $20093027.35  | 0.34%             | 2027-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                                              | PNC Bank NA                                              | CUSIP: 69353RFY9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |  22560000 | PA      | $22532299.25  | 0.38%             | 2027-05-13      | Fixed         | 4.54%                 | No            |                  2 | On Loan: —       |
| JOHN DEERE CAPITAL CORP                                  | John Deere Capital Corp                                  | CUSIP: 24422EXJ3<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |  15240000 | PA      | $15250967.01  | 0.25%             | 2025-10-22      | Floating      | 4.82%                 | No            |                  2 | On Loan: —       |
| DEUTSCHE BK AG N Y BRH INSTL C                           | DEUTSCHE BK AG N Y BRH INSTL C                           | CUSIP: 25161DAL7<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  22030000 | PA      | $22011869.31  | 0.37%             | 2026-07-17      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ING (US) FUNDING LLC                                     | ING US Funding LLC                                       | CUSIP: 44988GFY9<br>LEI: 254900QX5Y2ZDZ6XBT08 | Long             | STIV             | CORP              | US        |  35000000 | PA      | $35005166.00  | 0.58%             | 2025-12-23      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                      | CUSIP: 91282CJB8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15500000 | PA      | $15513683.56  | 0.26%             | 2025-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                  | Hyundai Capital America                                  | CUSIP: 44891ACM7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  15400000 | PA      | $15611362.38  | 0.26%             | 2026-09-21      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| Pure Grove Funding                                       | Pure Grove Funding                                       | CUSIP: 74625TYJ9<br>LEI: 5493001D6K5CFMBUWV36 | Long             | STIV             | CORP              | US        |  33000000 | PA      | $32555661.60  | 0.54%             | 2025-11-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BK AUSTR NY                                 | Commonwealth Bank of Australia/New York NY               | CUSIP: 20271RAV2<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |  14015000 | PA      | $14095605.03  | 0.24%             | 2028-03-14      | Fixed         | 4.42%                 | No            |                  2 | On Loan: —       |
| Salisbury Receivables Co LLC                             | Salisbury Receivables Co LLC                             | CUSIP: 79490AV13<br>LEI: 549300HB2PGDP0V6U989 | Long             | STIV             | CORP              | US        |  31270000 | PA      | $31266228.84  | 0.52%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                  | Hyundai Capital America                                  | CUSIP: 44891ACT2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12606691.75  | 0.21%             | 2027-01-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Aquitaine Funding Co LLC                                 | Aquitaine Funding Co LLC                                 | CUSIP: 03843LW46<br>LEI: 549300RM1I17W1XLUM92 | Long             | STIV             | CORP              | US        |   5500000 | PA      | $5476240.55   | 0.09%             | 2025-09-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Natixis SA/New York NY                                   | Natixis SA/New York NY                                   | CUSIP: 63873TEL8<br>LEI: 2549003L5ZG5M2ZSE107 | Long             | STIV             | CORP              | FR        |  17000000 | PA      | $16994138.40  | 0.28%             | 2026-07-16      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                         | NTT Finance Corp                                         | CUSIP: 62954WAP0<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |  15670000 | PA      | $15683869.52  | 0.26%             | 2027-07-16      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Credit Agricole Corporate and Investment Bank/New York   | Credit Agricole Corporate and Investment Bank/New York   | CUSIP: 22536H5U9<br>LEI: 254900BN8XS34XZDJ223 | Long             | STIV             | CORP              | US        |  10000000 | PA      | $10000772.00  | 0.17%             | 2025-11-12      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                                    | Rio Tinto Finance USA PLC                                | CUSIP: 76720AAY2<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   7450000 | PA      | $7505620.14   | 0.13%             | 2028-03-14      | Floating      | 5.19%                 | No            |                  2 | On Loan: —       |
| CITIBANK NA                                              | Citibank NA                                              | CUSIP: 17325FBH0<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   8400000 | PA      | $8434608.50   | 0.14%             | 2026-08-06      | Floating      | 5.05%                 | No            |                  2 | On Loan: —       |
| NORDEA BANK ABP                                          | Nordea Bank Abp                                          | CUSIP: 65558RAC3<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |  16900000 | PA      | $16901036.48  | 0.28%             | 2025-09-22      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VW Credit Inc                                            | VW Credit Inc                                            | CUSIP: 91842JWQ8<br>LEI: 549300UUPJ2NXDB68M19 | Long             | STIV             | CORP              | US        |   5200000 | PA      | $5163495.48   | 0.09%             | 2025-09-24      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Britannia Funding Co LLC                                 | Britannia Funding Co LLC                                 | CUSIP: 11042LYD6<br>LEI: 549300X2ZBE7GS6QP587 | Long             | STIV             | CORP              | US        |  11000000 | PA      | $10858512.50  | 0.18%             | 2025-11-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                  | BPCE SA                                                  | CUSIP: 05571AAT2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   9455000 | PA      | $9549484.86   | 0.16%             | 2027-01-18      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| RIO TINTO FIN USA PLC                                    | Rio Tinto Finance USA PLC                                | CUSIP: 76720AAQ9<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   5585000 | PA      | $5600630.85   | 0.09%             | 2027-03-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| UBS AG STAMFORD CT                                       | UBS AG/Stamford CT                                       | CUSIP: 90261AAD4<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |  16755000 | PA      | $16860328.63  | 0.28%             | 2028-01-10      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                      | Societe Generale SA                                      | CUSIP: 83369BXX9<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | STIV             | CORP              | FR        |  20750000 | PA      | $20517992.18  | 0.34%             | 2025-10-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                      | CUSIP: 91282CMV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30000000 | PA      | $29940234.30  | 0.50%             | 2027-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                                       | Pacific Life Global Funding II                           | CUSIP: 6944PL3G2<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |  23140000 | PA      | $23140069.19  | 0.39%             | 2027-02-04      | Floating      | 4.82%                 | No            |                  2 | On Loan: —       |
| Canadian Imperial Bank of Commerce                       | Canadian Imperial Bank of Commerce                       | CUSIP: 13608BBC7<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | STIV             | CORP              | CA        |   8820000 | PA      | $8613243.32   | 0.14%             | 2026-02-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                  | Hyundai Auto Lease Securitization Trust 2025-C           | CUSIP: 44935GAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6389000 | PA      | $6385463.24   | 0.11%             | 2028-01-18      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP                                          | Nordea Bank Abp                                          | CUSIP: 65558RAM1<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |  11765000 | PA      | $11803064.72  | 0.20%             | 2028-03-17      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                   | American Honda Finance Corp                              | CUSIP: 02665WFM8<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  14260000 | PA      | $14272652.33  | 0.24%             | 2026-01-12      | Floating      | 4.84%                 | No            |                  2 | On Loan: —       |
| Natixis SA/New York NY                                   | Natixis SA/New York NY                                   | CUSIP: 63873TCN6<br>LEI: 2549003L5ZG5M2ZSE107 | Long             | STIV             | CORP              | FR        |  35970000 | PA      | $35952720.01  | 0.60%             | 2026-05-13      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                                      | CNH Equipment Trust 2025-A                               | CUSIP: 12674BAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20148000 | PA      | $20141770.24  | 0.34%             | 2028-08-15      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK NY                                 | Toronto-Dominion Bank/NY                                 | CUSIP: 89115D5K8<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |  16530000 | PA      | $16535945.84  | 0.28%             | 2025-09-22      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                  | John Deere Capital Corp                                  | CUSIP: 24422EWP0<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |  17800000 | PA      | $17826998.33  | 0.30%             | 2026-01-09      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| Mizuho Bank Ltd/New York NY                              | Mizuho Bank Ltd/New York NY                              | CUSIP: 60710TS93<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | STIV             | CORP              | US        |  15000000 | PA      | $15000667.50  | 0.25%             | 2025-12-08      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank/New York                         | Standard Chartered Bank/New York                         | CUSIP: 85325VQP8<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | STIV             | CORP              | US        |  25270000 | PA      | $25273108.21  | 0.42%             | 2026-02-11      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| WISCONSIN PUBLIC SERVICE                                 | Wisconsin Public Service Corp                            | CUSIP: 976843BP6<br>LEI: 549300BJRHJVYNUMQZ30 | Long             | DBT              | CORP              | US        |   8520000 | PA      | $8527955.64   | 0.14%             | 2025-11-10      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp                              | American Honda Finance Corp                              | CUSIP: 02665JW55<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | STIV             | CORP              | US        |  13400000 | PA      | $13338333.20  | 0.22%             | 2025-09-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                                 | International Business Machines Corp                     | CUSIP: 459200JZ5<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |  27435000 | PA      | $27192599.15  | 0.45%             | 2026-05-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: —       |
| Sumitomo Mitsui Banking Corp                             | Sumitomo Mitsui Banking Corp                             | CUSIP: 86565GPQ7<br>LEI: 5U0XI89JRFVHWIBS4F54 | Long             | STIV             | CORP              | JP        |  33620000 | PA      | $33611521.04  | 0.56%             | 2026-03-04      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                 | Florida Power & Light Co                                 | CUSIP: 341081GR2<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   7965000 | PA      | $7963919.23   | 0.13%             | 2026-05-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: —       |
| NESTLE HOLDINGS INC                                      | Nestle Holdings Inc                                      | CUSIP: 641062BA1<br>LEI: 549300EAEU8YV8MQXP30 | Long             | DBT              | CORP              | US        |  17000000 | PA      | $16985745.16  | 0.28%             | 2025-09-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| JOHN DEERE CAPITAL CORP                                  | John Deere Capital Corp                                  | CUSIP: 24422EXY0<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |  13130000 | PA      | $13185798.43  | 0.22%             | 2027-01-08      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| COMMONWEALTH BK AUSTR NY                                 | Commonwealth Bank of Australia/New York NY               | CUSIP: 20271RAS9<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |  15210000 | PA      | $15222932.00  | 0.25%             | 2025-09-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                                 | SVENSKA HANDELSBANKEN AB                                 | CUSIP: 86959TJS6<br>LEI: N/A                  | Long             | STIV             | CORP              | SE        |  23390000 | PA      | $23388910.03  | 0.39%             | 2025-09-10      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                   | American Honda Finance Corp                              | CUSIP: 02665WFV8<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  10955000 | PA      | $10968257.08  | 0.18%             | 2026-05-21      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMP BK COMM NY                                  | Canadian Imperial Bank of Commerce/New York NY           | CUSIP: 13606DEU2<br>LEI: 549300H8L46OOZOFHU82 | Long             | STIV             | CORP              | CA        |  28500000 | PA      | $28516911.90  | 0.48%             | 2026-02-09      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                               | AbbVie Inc                                               | CUSIP: 00287BWG0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | STIV             | CORP              | US        |  34500000 | PA      | $34293393.30  | 0.57%             | 2025-09-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CRH America Finance Inc                                  | CRH America Finance Inc                                  | CUSIP: 12636CX21<br>LEI: 549300WEVUODRJ4CWK56 | Long             | STIV             | CORP              | US        |   6350000 | PA      | $6298860.28   | 0.11%             | 2025-10-02      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Owner Trust                                  | BMW Vehicle Owner Trust 2025-A                           | CUSIP: 096924AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12297560 | PA      | $12297572.69  | 0.21%             | 2027-10-25      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ TR&BK NY                                  | Mitsubishi UFJ Trust & Banking Corp/NY                   | CUSIP: 60683DX20<br>LEI: JBONEPAGQXF4QP29B387 | Long             | STIV             | CORP              | JP        |  25000000 | PA      | $24996225.00  | 0.42%             | 2026-03-03      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Jackson National Life Short Term Funding LLC             | Jackson National Life Short Term Funding LLC             | CUSIP: 46850BYK9<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  10000000 | PA      | $9864148.00   | 0.16%             | 2025-11-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BK                                      | TORONTO DOMINION BK                                      | CUSIP: 89115DAT3<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  11000000 | PA      | $10998233.40  | 0.18%             | 2025-10-07      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HSBC USA Inc                                             | HSBC USA Inc                                             | CUSIP: 40434PY67<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |  15430000 | PA      | $15241514.84  | 0.25%             | 2025-11-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                                       | Macquarie Bank Ltd                                       | CUSIP: 55608PBQ6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |   6210000 | PA      | $6301259.37   | 0.11%             | 2026-12-07      | Fixed         | 5.39%                 | No            |                  2 | On Loan: —       |
| ANZ New Zealand Int'l Ltd/London                         | ANZ New Zealand Int'l Ltd/London                         | CUSIP: 0018A3BH6<br>LEI: 213800VD256NU2D97H12 | Long             | STIV             | CORP              | AU        |  26940000 | PA      | $26291511.10  | 0.44%             | 2026-02-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC NY                                     | Barclays Bank PLC/NY                                     | CUSIP: 06745GDH1<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | STIV             | CORP              | GB        |  15000000 | PA      | $15014467.50  | 0.25%             | 2026-04-21      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                       | Honda Auto Receivables 2025-2 Owner Trust                | CUSIP: 437921AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  24671000 | PA      | $24653246.75  | 0.41%             | 2028-01-18      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Lease Trust                                  | Nissan Auto Lease Trust 2025-B                           | CUSIP: 65481RAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20070000 | PA      | $20063100.13  | 0.33%             | 2028-03-15      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| Helvetica Funding Co LLC                                 | Helvetica Funding Co LLC                                 | CUSIP: 42351BXA5<br>LEI: 9845008D80E44E0A7B98 | Long             | STIV             | CORP              | US        |  20660000 | PA      | $20481233.15  | 0.34%             | 2025-10-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                                      | CNH Equipment Trust 2024-B                               | CUSIP: 18978JAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2508554 | PA      | $2508543.85   | 0.04%             | 2027-10-15      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC                             | TRI PARTY DEUTSCHE BANK                                  | CUSIP: 000000000<br>LEI: 9J6MBOOO7BECTDTUZW19 | Long             | RA               | CORP              | US        |  30000000 | PA      | $30000000.00  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                      | Toyota Auto Receivables 2024-D Owner Trust               | CUSIP: 89239TAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4229548 | PA      | $4229645.23   | 0.07%             | 2027-08-16      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                 | Volkswagen Group of America Finance LLC                  | CUSIP: 928668BU5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10009855.20  | 0.17%             | 2025-09-12      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                      | Toyota Auto Receivables 2024-A Owner Trust               | CUSIP: 89238DAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2757306 | PA      | $2757430.63   | 0.05%             | 2026-12-15      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                             | Ford Credit Auto Owner Trust 2025-A                      | CUSIP: 34535KAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13135000 | PA      | $13128907.99  | 0.22%             | 2027-12-15      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd                                       | Macquarie Bank Ltd                                       | CUSIP: 55607LEK6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | US        |   6250000 | PA      | $6032547.50   | 0.10%             | 2026-05-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GRP NY                                 | Australia & New Zealand Banking Group Ltd/New York NY    | CUSIP: 05253JAZ4<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |  15240000 | PA      | $15360879.72  | 0.26%             | 2027-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| BNP PARIBAS                                              | TRI PARTY BNP PARIBAS                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | RA               | CORP              | US        |  46750000 | PA      | $46750000.00  | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| OVERSEA-CHINESE BK CO NY                                 | Oversea-Chinese Banking Corp Ltd/New York                | CUSIP: 69033NEZ4<br>LEI: 5493007O3QFXCPOGWK22 | Long             | STIV             | CORP              | SG        |  25000000 | PA      | $25001850.00  | 0.42%             | 2025-11-04      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL CHICAGO                                 | Bank of Montreal/Chicago IL                              | CUSIP: 06370B2P8<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |  29450000 | PA      | $29469890.53  | 0.49%             | 2025-11-17      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                                     | WEC Energy Group Inc                                     | CUSIP: 92939UAK2<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10000550.30  | 0.17%             | 2026-01-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| MASSMUTUAL GLOBAL FUNDIN                                 | MassMutual Global Funding II                             | CUSIP: 57629TBW6<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |  28446000 | PA      | $28572110.79  | 0.48%             | 2028-03-27      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                 | New York Life Global Funding                             | CUSIP: 64953BBK3<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25043273.50  | 0.42%             | 2026-01-16      | Floating      | 4.92%                 | No            |                  2 | On Loan: —       |
| Hyundai Auto Receivables Trust                           | Hyundai Auto Receivables Trust 2025-A                    | CUSIP: 44935CAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12503000 | PA      | $12506127.00  | 0.21%             | 2027-12-15      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                  | Hyundai Capital America                                  | CUSIP: 44891ADJ3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  13825000 | PA      | $13842318.02  | 0.23%             | 2027-09-24      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                      | American Express Co                                      | CUSIP: 025816DS5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  13960000 | PA      | $13997890.09  | 0.23%             | 2027-04-23      | Floating      | 5.09%                 | No            |                  2 | On Loan: —       |
| TOYOTA MOTOR CREDIT CORP                                 | Toyota Motor Credit Corp                                 | CUSIP: 89236TMR3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  13670000 | PA      | $13683533.30  | 0.23%             | 2026-04-10      | Floating      | 4.79%                 | No            |                  2 | On Loan: —       |
| RTX CORP                                                 | RTX Corp                                                 | CUSIP: 75513ECQ2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   5590000 | PA      | $5600390.08   | 0.09%             | 2026-02-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| GENERAL DYNAMICS CORP                                    | General Dynamics Corp                                    | CUSIP: 369550BL1<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |   6265000 | PA      | $6200254.29   | 0.10%             | 2027-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| VERIZON COMMUNICATIONS                                   | Verizon Communications Inc                               | CUSIP: 92343VDY7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   8305000 | PA      | $8279622.33   | 0.14%             | 2027-03-16      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| GOLDMAN SACHS BANK USA                                   | Goldman Sachs Bank USA/New York NY                       | CUSIP: 38151LAE0<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |  14180000 | PA      | $14208683.59  | 0.24%             | 2027-03-18      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| KEB Hana Bank/NY                                         | KEB Hana Bank/NY                                         | CUSIP: 48723KDF4<br>LEI: 6RPK2YDJN6L35AS0M510 | Long             | STIV             | CORP              | KR        |  20190000 | PA      | $20186329.46  | 0.34%             | 2026-03-05      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                          | Danske Bank A/S                                          | CUSIP: 23636QY59<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | STIV             | CORP              | DK        |  31450000 | PA      | $31078188.67  | 0.52%             | 2025-11-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Porsche Financial Auto Securitization Trust              | Porsche Financial Auto Securitization Trust 2024-1       | CUSIP: 73328EAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6526277 | PA      | $6525430.74   | 0.11%             | 2028-01-24      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| BANK AMER N A INSTL CTF                                  | BANK AMER N A INSTL CTF                                  | CUSIP: 06053RBQ5<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   6300000 | PA      | $6304800.60   | 0.11%             | 2026-05-06      | Variable      | 4.74%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                    | Athene Global Funding                                    | CUSIP: 04685A4Q1<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   7190000 | PA      | $7191460.94   | 0.12%             | 2026-08-10      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                             | Stryker Corp                                             | CUSIP: 863667BJ9<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |  26280000 | PA      | $26361029.12  | 0.44%             | 2027-02-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner Trust                      | Nissan Auto Receivables 2024-B Owner Trust               | CUSIP: 65479WAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9225217 | PA      | $9222079.21   | 0.15%             | 2027-06-15      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY                                  | Cooperatieve Rabobank UA/NY                              | CUSIP: 21688ABM3<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |  45780000 | PA      | $45930694.03  | 0.77%             | 2027-05-27      | Fixed         | 4.37%                 | No            |                  2 | On Loan: —       |
| CARGILL INC                                              | Cargill Inc                                              | CUSIP: 141781BY9<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |  14235000 | PA      | $14237665.36  | 0.24%             | 2025-10-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| AUST & NZ BANKING GRP NY                                 | Australia & New Zealand Banking Group Ltd/New York NY    | CUSIP: 05254JAA8<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |  10810000 | PA      | $10828191.72  | 0.18%             | 2025-12-08      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BK                                     | CANADIAN IMPERIAL BK                                     | CUSIP: 13606DAY8<br>LEI: N/A                  | Long             | STIV             | CORP              | CA        |   8390000 | PA      | $8389104.79   | 0.14%             | 2025-10-09      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                           | Starbucks Corp                                           | CUSIP: 855244BG3<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |  14940000 | PA      | $15030968.02  | 0.25%             | 2027-02-08      | Fixed         | 4.85%                 | No            |                  2 | On Loan: —       |
| MORGAN STANLEY & CO LLC                                  | TRI PARTY BOFA                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Long             | RA               | CORP              | US        |  35000000 | PA      | $35000000.00  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK NY                                 | Toronto-Dominion Bank/NY                                 | CUSIP: 89115D3C8<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |   7720000 | PA      | $7732079.10   | 0.13%             | 2026-05-04      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                           | Hyundai Auto Receivables Trust 2024-C                    | CUSIP: 448976AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10128663 | PA      | $10127389.02  | 0.17%             | 2027-09-15      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                      | CUSIP: 91282CHV6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15530000 | PA      | $15535738.65  | 0.26%             | 2025-08-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                     | Mercedes-Benz Finance North America LLC                  | CUSIP: 58769JAP2<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |  15240000 | PA      | $15255196.41  | 0.25%             | 2026-01-09      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| GOLDMAN SACHS BANK USA                                   | Goldman Sachs Bank USA/New York NY                       | CUSIP: 38151LAF7<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |  14180000 | PA      | $14231593.22  | 0.24%             | 2027-03-18      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                  | Metropolitan Life Global Funding I                       | CUSIP: 592179KD6<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10017263.80  | 0.17%             | 2026-01-06      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| CarMax Auto Owner Trust                                  | CarMax Auto Owner Trust 2023-4                           | CUSIP: 14318XAH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     17557 | PA      | $17560.15     | 0.00%             | 2026-12-15      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| INTUIT INC                                               | Intuit Inc                                               | CUSIP: 46124HAE6<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | DBT              | CORP              | US        |  11165000 | PA      | $11269007.45  | 0.19%             | 2026-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                   | Daimler Truck Finance North America LLC                  | CUSIP: 233853BC3<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   8705000 | PA      | $8775270.68   | 0.15%             | 2028-01-13      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                   | Banque Federative du Credit Mutuel SA                    | CUSIP: 06675FBC0<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |  15260000 | PA      | $15389710.00  | 0.26%             | 2027-01-23      | Fixed         | 5.09%                 | No            |                  2 | On Loan: —       |
| WEC ENERGY GROUP INC                                     | WEC Energy Group Inc                                     | CUSIP: 92939UAH9<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   7465000 | PA      | $7467186.95   | 0.12%             | 2025-09-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                 | Toyota Motor Credit Corp                                 | CUSIP: 89236TMS1<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  13670000 | PA      | $13686345.90  | 0.23%             | 2027-10-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                  | Hyundai Capital America                                  | CUSIP: 44891ACL9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  14525000 | PA      | $14526307.25  | 0.24%             | 2025-08-04      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                    | Toronto-Dominion Bank/The                                | CUSIP: 89115GH77<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  18460000 | PA      | $18465610.18  | 0.31%             | 2025-08-29      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                                 | Svenska Handelsbanken AB                                 | CUSIP: 86959LAS2<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |  12460000 | PA      | $12507794.07  | 0.21%             | 2028-05-23      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| NATIONAL RURAL UTIL COOP                                 | National Rural Utilities Cooperative Finance Corp        | CUSIP: 63743HFW7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   6125000 | PA      | $6176970.56   | 0.10%             | 2028-02-07      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| MUFG BANK LTD/NY                                         | MUFG Bank Ltd/New York NY                                | CUSIP: 55381BFG8<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | STIV             | CORP              | JP        |  22300000 | PA      | $22303543.47  | 0.37%             | 2025-12-03      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                                  | National Australia Bank Ltd                              | CUSIP: 632525CG4<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |  13400000 | PA      | $13406924.99  | 0.22%             | 2028-03-06      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                       | Honda Auto Receivables 2024-1 Owner Trust                | CUSIP: 437918AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2088047 | PA      | $2089198.50   | 0.03%             | 2026-09-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| CRH America Finance Inc                                  | CRH America Finance Inc                                  | CUSIP: 12636CXH8<br>LEI: 549300WEVUODRJ4CWK56 | Long             | STIV             | CORP              | US        |  17300000 | PA      | $17127126.29  | 0.29%             | 2025-10-17      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Banking Corp                             | Sumitomo Mitsui Banking Corp                             | CUSIP: 86565GQJ2<br>LEI: 5U0XI89JRFVHWIBS4F54 | Long             | STIV             | CORP              | JP        |  11650000 | PA      | $11648537.93  | 0.19%             | 2026-03-10      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc                                     | Keurig Dr Pepper Inc                                     | CUSIP: 49271JV79<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | STIV             | CORP              | US        |  11970000 | PA      | $11959410.14  | 0.20%             | 2025-08-07      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                       | BMW US Capital LLC                                       | CUSIP: 05565ECP8<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   5695000 | PA      | $5701108.40   | 0.10%             | 2026-08-13      | Fixed         | 4.65%                 | No            |                  2 | On Loan: —       |
| WELLS FARGO BANK NA                                      | Wells Fargo Bank NA                                      | CUSIP: 94988J6J1<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |  15250000 | PA      | $15278297.44  | 0.25%             | 2026-01-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                              | Citibank NA                                              | CUSIP: 17330QJG3<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | STIV             | CORP              | US        |  22820000 | PA      | $22836512.55  | 0.38%             | 2026-03-27      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA/New York NY                               | BNP Paribas SA/New York NY                               | CUSIP: 05593DEX7<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | STIV             | CORP              | FR        |  20000000 | PA      | $20006900.00  | 0.33%             | 2026-02-19      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Brookfield BRP Holdings Canada Inc                       | Brookfield BRP Holdings Canada Inc                       | CUSIP: 11284WV59<br>LEI: 549300NSPD7QJ50GZW26 | Long             | STIV             | CORP              | CA        |  16765000 | PA      | $16754417.93  | 0.28%             | 2025-08-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                   | Bank of New York Mellon Corp/The                         | CUSIP: 06406RCH8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   5610000 | PA      | $5620901.02   | 0.09%             | 2028-06-09      | Fixed         | 4.44%                 | No            |                  2 | On Loan: —       |
| NORTHWESTERN MUTUAL GLBL                                 | Northwestern Mutual Global Funding                       | CUSIP: 66815L2V0<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |  20970000 | PA      | $21069813.64  | 0.35%             | 2028-03-21      | Fixed         | 4.49%                 | No            |                  2 | On Loan: —       |
| E.ON SE                                                  | E.ON SE                                                  | CUSIP: 26877JV42<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | STIV             | CORP              | DE        |  40500000 | PA      | $40479563.70  | 0.67%             | 2025-08-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ROYAL BK CDA N Y                                         | ROYAL BK OF CANADA                                       | CUSIP: 78015JWX1<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  27335000 | PA      | $27332288.37  | 0.46%             | 2025-10-07      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP NEW YORK                                 | Nordea Bank Abp/New York NY                              | CUSIP: 65558WLD8<br>LEI: 529900ODI3047E2LIV03 | Long             | STIV             | CORP              | FI        |  12910000 | PA      | $12911575.02  | 0.22%             | 2026-03-17      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| MUFG Bank Ltd/New York NY                                | MUFG Bank Ltd/New York NY                                | CUSIP: 55381BJK5<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | STIV             | CORP              | US        |  15000000 | PA      | $14998294.50  | 0.25%             | 2026-02-27      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| UNITED OVERSEAS BANK LTD                                 | United Overseas Bank Ltd                                 | CUSIP: 91127KAL6<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | DBT              | CORP              | SG        |  14125000 | PA      | $14155898.44  | 0.24%             | 2028-04-02      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| MIZUHO SECURITIES USA LLC                                | TRI PARTY MIZUHO SECURITIES US                           | CUSIP: 000000000<br>LEI: 7TK5RJIZDFROZCA6XF66 | Long             | RA               | CORP              | US        | 120000000 | PA      | $120000000.00 | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP NEW YORK                                 | Nordea Bank Abp/New York NY                              | CUSIP: 65558WHD3<br>LEI: 529900ODI3047E2LIV03 | Long             | STIV             | CORP              | FI        |   7070000 | PA      | $7071698.92   | 0.12%             | 2025-12-17      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                    | Athene Global Funding                                    | CUSIP: 04685A4J7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  18505000 | PA      | $18532138.51  | 0.31%             | 2026-07-16      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES LLC                               | TRIPARTY WELLS FARGO                                     | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | Long             | RA               | CORP              | US        |  90000000 | PA      | $90000000.00  | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG LONDON                                            | UBS AG/London                                            | CUSIP: 902674ZV5<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |   8000000 | PA      | $8009085.44   | 0.13%             | 2025-09-11      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                  | Hyundai Capital America                                  | CUSIP: 44891ADA2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   8765000 | PA      | $8827205.12   | 0.15%             | 2026-06-24      | Fixed         | 5.45%                 | No            |                  2 | On Loan: —       |
| BARTON CAPITAL SA                                        | Barton Capital SA                                        | CUSIP: 06945PF20<br>LEI: 549300KOFKIMD0C37W24 | Long             | STIV             | CORP              | US        |  22770000 | PA      | $22772067.52  | 0.38%             | 2025-08-29      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN NY                                 | Svenska Handelsbanken/New York NY                        | CUSIP: 86959TNF9<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |  19250000 | PA      | $19267396.23  | 0.32%             | 2026-04-22      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS NEW YORK                                     | BNP Paribas SA/New York NY                               | CUSIP: 05593DEY5<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | STIV             | CORP              | FR        |  20000000 | PA      | $20004824.00  | 0.33%             | 2025-11-20      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| Mainbeach Funding LLC                                    | Mainbeach Funding LLC                                    | CUSIP: 56037BVT8<br>LEI: 635400CWJW29VERCBI90 | Long             | STIV             | CORP              | IE        |   9415000 | PA      | $9383949.33   | 0.16%             | 2025-08-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                   | NextEra Energy Capital Holdings Inc                      | CUSIP: 65339KBS8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |  40600000 | PA      | $40625224.37  | 0.68%             | 2025-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MASSMUTUAL GLOBAL FUNDIN                                 | MassMutual Global Funding II                             | CUSIP: 57629W3T5<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   9274000 | PA      | $9268282.76   | 0.15%             | 2027-10-22      | Fixed         | 4.30%                 | No            |                  2 | On Loan: —       |
| Nordea Bank Abp/New York NY                              | Nordea Bank Abp/New York NY                              | CUSIP: 65558WKK3<br>LEI: 529900ODI3047E2LIV03 | Long             | STIV             | CORP              | US        |  25000000 | PA      | $25001177.50  | 0.42%             | 2025-11-24      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Alimentation Couche-Tard Inc                             | Alimentation Couche-Tard Inc                             | CUSIP: 01626UVV4<br>LEI: 549300OSW32RVX8CCZ87 | Long             | STIV             | CORP              | CA        |  14240000 | PA      | $14186642.72  | 0.24%             | 2025-08-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BAY SQUARE FUNDING LLC                                   | Bay Square Funding LLC                                   | CUSIP: 07260CBU6<br>LEI: 254900LIJZLNOHX66R80 | Long             | STIV             | CORP              | US        |  13500000 | PA      | $13501147.50  | 0.23%             | 2025-10-01      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER S A N Y                                  | BANCO SANTANDER S A N Y                                  | CUSIP: 05973REQ1<br>LEI: N/A                  | Long             | STIV             | CORP              | ES        |  12250000 | PA      | $12245823.98  | 0.20%             | 2026-05-26      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority             | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV               | CUSIP: 64972JUG1<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1675874.16   | 0.03%             | 2027-05-01      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                                 | Sumitomo Mitsui Trust Bank Ltd                           | CUSIP: 86563VBT5<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |  13820000 | PA      | $13819873.82  | 0.23%             | 2027-09-10      | Fixed         | 4.45%                 | No            |                  2 | On Loan: —       |
| WALMART INC                                              | Walmart Inc                                              | CUSIP: 931142EW9<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19984748.60  | 0.33%             | 2025-09-09      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                                 | Thermo Fisher Scientific Inc                             | CUSIP: 883556CZ3<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10081759.00  | 0.17%             | 2026-12-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Equitable Short Term Funding LLC                         | Equitable Short Term Funding LLC                         | CUSIP: 29456CZF1<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  25925000 | PA      | $25497380.09  | 0.43%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ASB BANK LIMITED                                         | ASB Bank Ltd                                             | CUSIP: 00216LAG8<br>LEI: 549300IBZWZL1KTPF918 | Long             | DBT              | CORP              | NZ        |  13000000 | PA      | $13093354.17  | 0.22%             | 2026-06-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: —       |
| Westpac Securities NZ Ltd/London                         | Westpac Securities NZ Ltd/London                         | CUSIP: 96122GXW0<br>LEI: 549300W0N3O6Q4RCKE25 | Long             | STIV             | CORP              | NZ        |  25000000 | PA      | $24723230.00  | 0.41%             | 2025-10-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                   | American Honda Finance Corp                              | CUSIP: 02665WFB2<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  29460000 | PA      | $29463328.98  | 0.49%             | 2025-08-14      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                      | Toyota Auto Receivables 2023-D Owner Trust               | CUSIP: 89239FAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1254340 | PA      | $1254575.17   | 0.02%             | 2026-11-16      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                      | TRI PARTY BOFA SECURITIES INC.                           | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Long             | RA               | CORP              | US        |  54750000 | PA      | $54750000.00  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                           | Hyundai Auto Receivables Trust 2025-B                    | CUSIP: 44935XAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  32612000 | PA      | $32632027.03  | 0.54%             | 2028-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                     | Westpac Banking Corp                                     | CUSIP: 9612C47A3<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | STIV             | CORP              | AU        |  26000000 | PA      | $26004043.00  | 0.43%             | 2025-12-18      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                           | Hyundai Auto Receivables Trust 2025-A                    | CUSIP: 44935CAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12694000 | PA      | $12680365.37  | 0.21%             | 2027-12-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                 | Mars Inc                                                 | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |  17705000 | PA      | $17729799.04  | 0.30%             | 2027-03-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ING US Funding LLC                                       | ING US Funding LLC                                       | CUSIP: 45685QX79<br>LEI: 254900QX5Y2ZDZ6XBT08 | Long             | STIV             | CORP              | US        |  20000000 | PA      | $19834256.00  | 0.33%             | 2025-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC USA Inc                                             | HSBC USA Inc                                             | CUSIP: 40434REK4<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |  47700000 | PA      | $46004804.01  | 0.77%             | 2026-05-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Evergy Kansas Central Inc                                | Evergy Kansas Central Inc                                | CUSIP: 30035MV12<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | STIV             | CORP              | US        |    500000 | PA      | $499937.05    | 0.01%             | 2025-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSMUTUAL GLOBAL FUNDIN                                 | MassMutual Global Funding II                             | CUSIP: 57629WDK3<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   7302000 | PA      | $7299996.84   | 0.12%             | 2025-08-26      | Fixed         | 4.15%                 | No            |                  2 | On Loan: —       |
| PRINCIPAL LFE GLB FND II                                 | Principal Life Global Funding II                         | CUSIP: 74256LFA2<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |  13570000 | PA      | $13596821.65  | 0.23%             | 2027-08-19      | Fixed         | 4.60%                 | No            |                  2 | On Loan: —       |
| Honda Auto Receivables Owner Trust                       | Honda Auto Receivables 2024-4 Owner Trust                | CUSIP: 43816DAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4696514 | PA      | $4697109.27   | 0.08%             | 2027-03-15      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                      | CUSIP: 91282CLS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  41195000 | PA      | $41191781.85  | 0.69%             | 2026-10-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust                                  | BMW Vehicle Lease Trust 2024-1                           | CUSIP: 05611UAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    206708 | PA      | $206716.30    | 0.00%             | 2026-07-27      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BK/NY                                 | National Australia Bank Ltd/New York                     | CUSIP: 63253QAA2<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |  17800000 | PA      | $17840145.59  | 0.30%             | 2026-01-12      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada                                  | National Bank of Canada                                  | CUSIP: 63307MF46<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | STIV             | CORP              | CA        |  32670000 | PA      | $31482641.52  | 0.52%             | 2026-06-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                                  | Morgan Stanley Private Bank NA                           | CUSIP: 61776NVE0<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   4710000 | PA      | $4704980.08   | 0.08%             | 2028-07-06      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                                  | JPMorgan Chase Bank NA                                   | CUSIP: 48125LRU8<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $12112668.96  | 0.20%             | 2026-12-08      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd                                       | Macquarie Bank Ltd                                       | CUSIP: 55607LCK8<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | US        |   6560000 | PA      | $6377960.66   | 0.11%             | 2026-03-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY                                  | Cooperatieve Rabobank UA/NY                              | CUSIP: 21688ABK7<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |  26305000 | PA      | $26731835.45  | 0.45%             | 2028-01-21      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada                                  | National Bank of Canada                                  | CUSIP: 63307NPC5<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | STIV             | CORP              | CA        |  20240000 | PA      | $20239939.28  | 0.34%             | 2026-04-24      | Variable      | 4.66%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                 | New York Life Global Funding                             | CUSIP: 64952WEU3<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |  16500000 | PA      | $16497918.86  | 0.28%             | 2025-08-05      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Liberty Street Funding LLC                               | Liberty Street Funding LLC                               | CUSIP: 53127TYM9<br>LEI: 549300F33VRHM10B9391 | Long             | STIV             | CORP              | US        |  51810000 | PA      | $51095529.74  | 0.85%             | 2025-11-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                  | Bristol-Myers Squibb Co                                  | CUSIP: 110122EM6<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   8820000 | PA      | $8831466.00   | 0.15%             | 2026-02-20      | Floating      | 4.83%                 | No            |                  2 | On Loan: —       |
| NEXTERA ENERGY CAPITAL                                   | NextEra Energy Capital Holdings Inc                      | CUSIP: 65339KCR9<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |  15380000 | PA      | $15415763.88  | 0.26%             | 2026-01-29      | Floating      | 5.11%                 | No            |                  2 | On Loan: —       |
| WELLS FARGO & COMPANY                                    | Wells Fargo & Co                                         | CUSIP: 95000U3S0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  13160000 | PA      | $13179582.08  | 0.22%             | 2028-01-24      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                           | Lowe's Cos Inc                                           | CUSIP: 548661EP8<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   6660000 | PA      | $6666749.11   | 0.11%             | 2026-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| TOYOTA MOTOR CREDIT CORP                                 | Toyota Motor Credit Corp                                 | CUSIP: 89236TKF1<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  13145000 | PA      | $13138085.47  | 0.22%             | 2025-08-18      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Citibank Credit Card Issuance Trust                      | Citibank Credit Card Issuance Trust                      | CUSIP: 17305EGW9<br>LEI: R8AG6FXVDQAMDKCSJJ64 | Long             | ABS-O            | CORP              | US        |   3474000 | PA      | $3482008.26   | 0.06%             | 2027-12-08      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Hqla Funding LLC                                         | Hqla Funding LLC                                         | CUSIP: 44333AV18<br>LEI: 5493000J8TNLYHDOFL03 | Long             | STIV             | CORP              | US        |  29750000 | PA      | $29746370.50  | 0.50%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MIZUHO BANK LTD/NY                                       | Mizuho Bank Ltd/New York NY                              | CUSIP: 60710TG47<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | STIV             | CORP              | JP        |  39160000 | PA      | $39174293.40  | 0.65%             | 2026-03-11      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                                 | Citigroup Global Markets Inc                             | CUSIP: 1730QPBV8<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | STIV             | CORP              | US        |   5680000 | PA      | $5681076.93   | 0.09%             | 2026-03-20      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                   | American Honda Finance Corp                              | CUSIP: 02665WGC9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7515091.35   | 0.13%             | 2026-07-15      | Floating      | 5.01%                 | No            |                  2 | On Loan: —       |
| Air Liquide US LLC                                       | Air Liquide US LLC                                       | CUSIP: 00912TXL2<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  17800000 | PA      | $17625260.96  | 0.29%             | 2025-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NTT Finance Americas Inc                                 | NTT Finance Americas Inc                                 | CUSIP: 67018BVC5<br>LEI: 5493002G2563PEW0DU90 | Long             | STIV             | CORP              | US        |   6360000 | PA      | $6350705.50   | 0.11%             | 2025-08-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                             | Ford Credit Auto Lease Trust 2024-B                      | CUSIP: 345279AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2330250 | PA      | $2334053.17   | 0.04%             | 2027-02-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                     | Royal Bank of Canada                                     | CUSIP: 78013WET3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | STIV             | CORP              | US        |  15000000 | PA      | $14474407.50  | 0.24%             | 2026-05-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO LLC                                   | TRI PARTY GOLDMAN SACHS                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | Long             | RA               | CORP              | US        |  90000000 | PA      | $90000000.00  | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                  | Hyundai Capital America                                  | CUSIP: 44891ACQ8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  15600000 | PA      | $15652551.72  | 0.26%             | 2025-11-03      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| Mizuho Bank Ltd/New York NY                              | Mizuho Bank Ltd/New York NY                              | CUSIP: 60710TYN5<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | STIV             | CORP              | US        |  13000000 | PA      | $13000969.80  | 0.22%             | 2026-01-14      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                                              | KeyBank NA/Cleveland OH                                  | CUSIP: 49327M3E2<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   5370000 | PA      | $5368724.84   | 0.09%             | 2025-08-08      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Mizuho Bank Ltd/New York NY                              | Mizuho Bank Ltd/New York NY                              | CUSIP: 60710TVN8<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | STIV             | CORP              | US        |  18000000 | PA      | $17996679.00  | 0.30%             | 2025-11-07      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                             | Ford Credit Auto Lease Trust 2025-B                      | CUSIP: 34533MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20656000 | PA      | $20640541.05  | 0.34%             | 2028-03-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                      | CUSIP: 912828P46<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11860000 | PA      | $11692477.50  | 0.19%             | 2026-02-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: —       |
| Hyundai Auto Receivables Trust                           | Hyundai Auto Receivables Trust 2024-B                    | CUSIP: 44934QAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4380943 | PA      | $4382226.77   | 0.07%             | 2027-06-15      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd                                       | Macquarie Bank Ltd                                       | CUSIP: 55607LGL2<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |   4750000 | PA      | $4552457.95   | 0.08%             | 2026-07-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                       | BMW US Capital LLC                                       | CUSIP: 05565ECN3<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |  13660000 | PA      | $13694716.21  | 0.23%             | 2026-08-13      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN NY                                 | Svenska Handelsbanken/New York NY                        | CUSIP: 86959TNL6<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |   8020000 | PA      | $8025870.64   | 0.13%             | 2026-04-30      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| Marubeni Finance America LLC                             | Marubeni Finance America LLC                             | CUSIP: 57382EVL8<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   9750000 | PA      | $9724668.53   | 0.16%             | 2025-08-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                                              | PNC Bank NA                                              | CUSIP: 69353RFW3<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |  13805000 | PA      | $13814990.54  | 0.23%             | 2027-01-15      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                  | CarMax Auto Owner Trust 2023-4                           | CUSIP: 14318XAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    341690 | PA      | $341833.49    | 0.01%             | 2026-12-15      | Fixed         | 6.08%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                 | Enterprise Products Operating LLC                        | CUSIP: 29379VCC5<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |  12365000 | PA      | $12387253.66  | 0.21%             | 2026-01-10      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                   | Daimler Truck Finance North America LLC                  | CUSIP: 233853AV2<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |  10660000 | PA      | $10735364.17  | 0.18%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| BOFA SECURITIES INC                                      | TRI PARTY BOFA                                           | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Long             | RA               | CORP              | US        |  19000000 | PA      | $19000000.00  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                       | Bank of America NA                                       | CUSIP: 06050TNN8<br>LEI: B4TYDEB6GKMZO031MB27 | Long             | STIV             | CORP              | US        |  12930000 | PA      | $12930095.16  | 0.22%             | 2026-04-02      | Variable      | 4.64%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                 | Volkswagen Group of America Finance LLC                  | CUSIP: 928668CD2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  14160000 | PA      | $14172336.62  | 0.24%             | 2026-03-20      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                                      | CNH Equipment Trust 2024-B                               | CUSIP: 18978JAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2871229 | PA      | $2876937.95   | 0.05%             | 2027-10-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Notes                                      | CUSIP: 91282CJL6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21000000 | PA      | $21029531.25  | 0.35%             | 2025-11-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Korea Development Bank/New York NY                       | Korea Development Bank/New York NY                       | CUSIP: 50066BQ46<br>LEI: 549300ML2LNRZUCS7149 | Long             | STIV             | CORP              | US        |  22750000 | PA      | $22750000.00  | 0.38%             | 2026-03-02      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                 | Caterpillar Financial Services Corp                      | CUSIP: 14913UAV2<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |  13130000 | PA      | $13184294.26  | 0.22%             | 2027-01-07      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| CITIGROUP GLOBAL MARKETS INC                             | TRI PARTY CITIGROUP                                      | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | RA               | CORP              | US        |  12000000 | PA      | $12000000.00  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** iShares U.S. ETF Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer