# EDGAR Filing Document

**Accession Number:** 0001524513
**File Stem:** 0001752724-23-072013
**Filing Date:** 2023-3
**Character Count:** 222187
**Document Hash:** 164875733ce2aa8738144bf92772b446
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-072013.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001752724-23-072013

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iShares U.S. ETF Trust
- **CENTRAL INDEX KEY:** 0001524513
- **IRS NUMBER:** 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:** 23774138

**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

### BlackRock Short Maturity Bond ETF (Series ID: S000037042)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000113876 | BlackRock Short Maturity Bond ETF | NEAR            |

## Nport-Ex

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) | **BlackRock Short Maturity Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par <br> (000)* | *Value* |
| **Asset-Backed Securities** |  |  |  |
| ACAS CLO Ltd., 5.68%, 10/18/28 (Call 04/18/27), (3 mo. LIBOR US + 0.890%)<sup>(a)(b)</sup> | USD | 1510 | $1487425 |
| AIG CLO Ltd., 5.93%, 04/20/32 (Call 04/20/31), (3 mo. LIBOR US + 1.120%)<sup>(a)(b)</sup> | USD | 1000 | 987500 |
| Ally Auto Receivables Trust, 2.67%, 04/15/25 (Call 07/15/25) | USD | 15413 | 15282005 |
| American Express Credit Account Master Trust, Series 2018-9, Class A, 4.83%, 04/15/26, (1 mo. LIBOR US + 0.380%)<sup>(b)</sup> | USD | 17650 | 17656365 |
| AmeriCredit Automobile Receivables Trust 2022-2, 4.20%, 12/18/25 (Call 05/18/26) | USD | 7217 | 7167119 |
| Anchorage Capital CLO 4-R Ltd., Series 2014-4RA, Class A, 5.85%, 01/28/31 (Call 10/28/28), (3 mo. LIBOR US + 1.050%)<sup>(a)(b)</sup> | USD | 4402 | 4366476 |
| Anchorage Capital CLO 7 Ltd., Series 2015-7A, Class AR2, 5.89%, 01/28/31 (Call 10/28/28), (3 mo. LIBOR US + 1.090%)<sup>(a)(b)</sup> | USD | 13840 | 13701892 |
| Apidos CLO XII, 5.87%, 04/15/31 (Call 04/15/23), (3 mo. LIBOR US + 1.080%)<sup>(a)(b)</sup> | USD | 500 | 495500 |
| Arbor Realty Commercial Real Estate Notes Ltd., 5.52%, 08/15/34 (Call 09/15/26), (1 mo. LIBOR US + 1.070%)<sup>(a)(b)</sup> | USD | 11000 | 10652542 |
| ASSURANT CLO Ltd., Series 2018-2A, Class A, 5.85%, 04/20/31 (Call 04/20/23), (3 mo. LIBOR US + 1.040%)<sup>(a)(b)</sup> | USD | 250 | 247500 |
| Atlas Senior Loan Fund III Ltd., Series 2013-1A, Class AR, 5.48%, 11/17/27 (Call 02/17/23), (3 mo. LIBOR US + 0.830%)<sup>(a)(b)</sup> | USD | 4976 | 4938632 |
| Atrium XIII, Series 13A, Class A1, 6.00%, 11/21/30 (Call 10/23/28), (3 mo. LIBOR US + 1.180%)<sup>(a)(b)</sup> | USD | 2488 | 2477540 |
| Autoflorence 2 SRL |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2.70%, 12/24/44 (Call 10/24/26)<sup>(b)(c)</sup> | EUR | 9313 | 10098017 |
| &nbsp;&nbsp;&nbsp;&nbsp;2.75%, 12/24/44 (Call 10/24/26)<sup>(b)(c)</sup> | EUR | 810 | 845279 |
| Autonoria Spain FTA |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2.85%, 01/25/40 (Call 04/25/28)<sup>(b)(c)</sup> | EUR | 8500 | 9288830 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.01%, 01/26/40 (Call 04/25/28)<sup>(b)(c)</sup> | EUR | 500 | 539118 |
| Bain Capital Credit CLO Ltd., Series 2017-1A, Class A1R, 5.78%, 07/20/30 (Call 01/20/29), (3 mo. LIBOR US + 0.970%)<sup>(a)(b)</sup> | USD | 2904 | 2879238 |
| Barings CLO Ltd., 5.88%, 04/20/31 (Call 01/20/29), (3 mo. LIBOR US + 1.070%)<sup>(a)(b)</sup> | USD | 550 | 542438 |
| BDS 2021-FL9 Ltd., 5.54%, 11/16/38 (Call 09/16/25), (1 mo. LIBOR US + 1.070%)<sup>(a)(b)</sup> | USD | 8750 | 8443984 |
| Benefit Street Partners CLO III Ltd., Series 2013-IIIA, Class A1R2, 5.81%, 07/20/29 (Call 04/20/27), (3 mo. LIBOR US + 1.000%)<sup>(a)(b)</sup> | USD | 211 | 210219 |
| Benefit Street Partners CLO VIII Ltd., Series 2015-8A, Class A1AR, 5.91%, 01/20/31 (Call 01/20/29), (3 mo. LIBOR US + 1.100%)<sup>(a)(b)</sup> | USD | 750 | 744513 |
| Benefit Street Partners Clo XII Ltd., 5.74%, 10/15/30 (Call 10/15/28), (3 mo. LIBOR US + 0.950%)<sup>(a)(b)</sup> | USD | 1658 | 1637792 |
| BHG Securitization Trust, 3.75%, 06/18/35 (Call 11/17/28)<sup>(a)</sup> | USD | 1061 | 1044762 |
| BMW Vehicle Owner Trust, 4.83%, 12/26/24 (Call 11/25/25), (30 day SOFR + 0.520%)<sup>(b)</sup> | USD | 10700 | 10701125 |
| Capital One Prime Auto Receivables Trust, 2.71%, 06/16/25 (Call 03/15/26) | USD | 13063 | 12902587 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par <br> (000)* | *Value* |
| Carlyle C17 CLO Ltd., Series C17A, Class A1AR, 5.83%, 04/30/31 (Call 10/30/28), (3 mo. LIBOR US + 1.030%)<sup>(a)(b)</sup> | USD | 1000 | $988682 |
| Carlyle Global Market Strategies CLO Ltd., Series 2014-1A, Class A1R2, 5.76%, 04/17/31 (Call 07/17/28), (3 mo. LIBOR US + 0.970%)<sup>(a)(b)</sup> | USD | 5234 | 5131173 |
| Carmax Auto Owner Trust, 3.81%, 09/15/25 (Call 12/15/25) | USD | 8567 | 8501307 |
| Cbam Ltd., Series 2018-7A, Class A, 5.91%, 07/20/31 (Call 01/20/29), (3 mo. LIBOR US + 1.100%)<sup>(a)(b)</sup> | USD | 750 | 739405 |
| Cedar Funding IX CLO Ltd., 5.79%, 04/20/31 (Call 01/20/29), (3 mo. LIBOR US + 0.980%)<sup>(a)(b)</sup> | USD | 2130 | 2110919 |
| Chesapeake Funding II LLC, Series 2020-1A, Class A2, 5.10%, 08/15/32 (Call 06/15/23), (1 mo. LIBOR US + 0.650%)<sup>(a)(b)</sup> | USD | 4590 | 4588815 |
| CIFC Funding Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2014-2RA, Class A1, 5.87%, 04/24/30 (Call 10/24/28), (3 mo. LIBOR US + 1.050%)<sup>(a)(b)</sup> | USD | 233 | 231653 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-1A, Class A, 5.79%, 04/18/31 (Call 04/18/28), (3 mo. LIBOR US + 1.000%)<sup>(a)(b)</sup> | USD | 13000 | 12888593 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-2A, Class A1, 5.85%, 04/20/31 (Call 01/20/29), (3 mo. LIBOR US + 1.040%)<sup>(a)(b)</sup> | USD | 1250 | 1240186 |
| Citibank Credit Card Issuance Trust, Series 2019-A5, Class A5, 5.13%, 04/22/26, (1 mo. LIBOR US + 0.620%)<sup>(b)</sup> | USD | 40505 | 40622464 |
| College Ave Student Loans LLC, Series 2021-A, Class A1, 5.61%, 07/25/51 (Call 02/25/32), (1 mo. LIBOR US + 1.100%)<sup>(a)(b)</sup> | USD | 207 | 201223 |
| Credit Acceptance Auto Loan Trust, Series 2021-3A, Class A, 1.00%, 05/15/30 (Call 11/15/24)<sup>(a)</sup> | USD | 4130 | 3969084 |
| Diameter Capital Clo 1 Ltd., 6.03%, 07/15/36 (Call 01/15/30), (3 mo. LIBOR US + 1.240%)<sup>(a)(b)</sup> | USD | 2170 | 2138968 |
| Donlen Fleet Lease Funding 2 LLC, Series 2021-2, Class A2, 0.56%, 12/11/34<sup>(a)</sup> | USD | 7324 | 7109062 |
| Dowson PLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.35%, 01/20/29 (Call 05/20/25)<sup>(b)(c)</sup> | GBP | 2575 | 3176676 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.18%, 01/20/29 (Call 05/20/25)<sup>(b)(c)</sup> | GBP | 646 | 793385 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.13%, 08/20/29 (Call 05/20/25)<sup>(b)(c)</sup> | GBP | 1158 | 1439289 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-2, Class A, 4.11%, 10/20/28 (Call 11/20/24), (Sterning Ovenight Index Average + 0.680%)<sup>(b)(c)</sup> | GBP | 3091 | 3811181 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-2, Class B, 4.63%, 10/20/28 (Call 11/20/24), (Sterning Ovenight Index Average + 1.200%)<sup>(b)(c)</sup> | GBP | 1600 | 1959134 |
| Dryden 36 Senior Loan Fund, 5.81%, 04/15/29 (Call 10/15/27), (3 mo. LIBOR US + 1.020%)<sup>(a)(b)</sup> | USD | 1566 | 1561084 |
| Dryden 49 Senior Loan Fund, Series 2017-49A, Class AR, 5.74%, 07/18/30 (Call 07/18/28), (3 mo. LIBOR US + 0.950%)<sup>(a)(b)</sup> | USD | 10451 | 10366400 |
| Dryden 77 CLO Ltd., Series 2020-77A, Class XR, 5.68%, 05/20/34 (Call 08/20/29), (3 mo. LIBOR US + 1.000%)<sup>(a)(b)</sup> | USD | 219 | 217566 |
| Dryden XXVI Senior Loan Fund, Series 2013-26A, Class AR, 5.69%, 04/15/29 (Call 04/15/27), (3 mo. LIBOR US + 0.900%)<sup>(a)(b)</sup> | USD | 14315 | 14201760 |
| Dryden XXVIII Senior Loan Fund, 5.81%, 08/15/30 (Call 08/15/28), (3 mo. LIBOR US + 1.200%)<sup>(a)(b)</sup> | USD | 3319 | 3306654 |
| Dutch Property Finance, Series 2021-2, Class A, 3.17%, 04/28/59 (Call 04/28/26)<sup>(b)(c)</sup> | EUR | 5311 | 5725020 |
| Dutch Property Finance BV, 2.33%, 10/28/59 (Call 01/28/27)<sup>(b)(c)</sup> | EUR | 7956 | 8598205 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **BlackRock Short Maturity Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par <br> (000)* | *Value* |
| Elevation CLO Ltd., Series 2014-2A, Class A1R, 6.12%, 10/15/29 (Call 01/15/27), (3 mo. LIBOR US + 1.230%)<sup>(a)(b)</sup> | USD | 364 | $361718 |
| Elvet Mortgages PLC, Series 2021-1, Class A, 3.80%, 10/22/63 (Call 10/22/26)<sup>(b)(c)</sup> | GBP | 7636 | 9350217 |
| Enterprise Fleet Funding LLC, Series 2021-1, Class A2, 0.44%, 12/21/26 (Call 06/20/24)<sup>(a)</sup> | USD | 6069 | 5894991 |
| Ford Credit Auto Owner Trust, 3.44%, 02/15/25 (Call 12/15/25) | USD | 24393 | 24203867 |
| Galaxy XV CLO Ltd., Series 2013-15A, Class ARR, 5.76%, 10/15/30 (Call 07/15/28), (3 mo. LIBOR US + 0.970%)<sup>(a)(b)</sup> | USD | 661 | 650481 |
| Galaxy XXVII CLO Ltd., 5.66%, 05/16/31 (Call 02/16/29)<sup>(a)(b)</sup> | USD | 2730 | 2694655 |
| Generate CLO 2 Ltd., 5.97%, 01/22/31 (Call 01/22/29)<sup>(a)(b)</sup> | USD | 1605 | 1588310 |
| Gilbert Park CLO Ltd., 5.98%, 10/15/30 (Call 01/15/28), (3 mo. LIBOR US + 1.190%)<sup>(a)(b)</sup> | USD | 250 | 246145 |
| GM Financial Automobile Leasing Trust, 2.93%, 10/21/24 (Call 11/20/24) | USD | 15324 | 15135737 |
| GoldenTree Loan Opportunities IX Ltd., Series 2014-9A, Class AR2, 5.91%, 10/29/29 (Call 04/29/23), (3 mo. LIBOR US + 1.110%)<sup>(a)(b)</sup> | USD | 15721 | 15595915 |
| HGI CRE CLO Ltd., 5.46%, 09/17/36 (Call 11/19/24), (1 mo. LIBOR US + 1.000%)<sup>(a)(b)</sup> | USD | 5380 | 5188559 |
| Highbridge Loan Management, Series 3A-2014, Class A1R, 5.97%, 07/18/29 (Call 07/18/28), (3 mo. LIBOR US + 1.180%)<sup>(a)(b)</sup> | USD | 986 | 981628 |
| Honda Auto Receivables Owner Trust, 3.81%, 03/18/25 (Call 10/18/25) | USD | 12396 | 12283511 |
| Hyundai Auto Lease Securitization Trust, 4.90%, 10/15/24 (Call 10/15/24), (30 day SOFR + 0.620%)<sup>(a)(b)</sup> | USD | 19962 | 19963271 |
| Hyundai Auto Receivables Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;3.64%, 05/15/25 (Call 05/15/26) | USD | 10808 | 10720940 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.06%, 11/17/25 (Call 11/15/26)<sup>(b)</sup> | USD | 16463 | 16505144 |
| John Deere Owner Trust, 3.73%, 06/16/25 (Call 02/15/26) | USD | 8735 | 8655500 |
| KKR CLO 21 Ltd., 5.79%, 04/15/31 (Call 01/15/29), (3 mo. LIBOR US + 1.000%)<sup>(a)(b)</sup> | USD | 5590 | 5537303 |
| KREF Ltd., 5.94%, 02/17/39 (Call 01/17/26)<sup>(a)(b)</sup> | USD | 5360 | 5222835 |
| LCM 29 Ltd., Series 29A, Class AR, 5.86%, 04/15/31 (Call 04/15/23), (3 mo. LIBOR US + 1.070%)<sup>(a)(b)</sup> | USD | 2600 | 2551590 |
| Madison Park Funding XIII Ltd., Series 2014-13A, Class AR2, 5.75%, 04/19/30 (Call 07/19/26), (3 mo. LIBOR US + 0.950%)<sup>(a)(b)</sup> | USD | 3387 | 3365501 |
| Madison Park Funding XVII Ltd., Series 2015-17A, Class AR2, 5.82%, 07/21/30 (Call 04/21/23), (3 mo. LIBOR US + 1.000%)<sup>(a)(b)</sup> | USD | 1761 | 1748611 |
| Madison Park Funding XXIII Ltd., Series 2017-23A, Class AR, 5.78%, 07/27/31 (Call 01/27/28), (3 mo. LIBOR US + 0.970%)<sup>(a)(b)</sup> | USD | 13200 | 13109831 |
| Madison Park Funding XXVI Ltd., Series 2007-4A, Class AR, 6.00%, 07/29/30, (3 mo. LIBOR US + 1.200%)<sup>(a)(b)</sup> | USD | 4856 | 4822961 |
| Madison Park Funding XXXVII Ltd., 5.86%, 07/15/33 (Call 01/15/29), (3 mo. LIBOR US + 1.070%)<sup>(a)(b)</sup> | USD | 1750 | 1726216 |
| Mariner CLO LLC, Series 2016-3A, Class AR2, 5.81%, 07/23/29 (Call 04/23/23), (3 mo. LIBOR US + 0.990%)<sup>(a)(b)</sup> | USD | 826 | 818419 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par <br> (000)* | *Value* |
| MF1 Multifamily Housing Mortgage Loan Trust, 5.57%, 07/16/36 (Call 06/16/25), (1 mo. LIBOR US + 1.100%)<sup>(a)(b)</sup> | USD | 4520 | $4392997 |
| Multifamily Housing Mortgage Loan Trust, 5.66%, 02/19/37 (Call 01/17/26)<sup>(a)(b)</sup> | USD | 1860 | 1808887 |
| Navient Private Education Loan Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2017-A, Class A2B, 5.36%, 12/16/58 (Call 10/15/28), (1 mo. LIBOR US + 0.900%)<sup>(a)(b)</sup> | USD | 265 | 264270 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-IA, Class A1B, 5.45%, 04/15/69 (Call 08/15/31), (1 mo. LIBOR US + 1.000%)<sup>(a)(b)</sup> | USD | 5807 | 5708109 |
| Navient Private Education Refi Loan Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2021-BA, Class A, 0.94%, 07/15/69 (Call 10/15/28)<sup>(a)</sup> | USD | 5720 | 4997371 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-DA, Class A, 5.51%, 04/15/60 (Call 05/15/32), (PRIME - 1.990%)<sup>(a)(b)</sup> | USD | 6926 | 6441973 |
| Nelnet Student Loan Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;5.18%, 04/20/62 (Call 09/20/31), (1 mo. LIBOR US + 0.690%)<sup>(a)(b)</sup> | USD | 2781 | 2715718 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.23%, 04/20/62 (Call 06/20/31), (1 mo. LIBOR US + 0.740%)<sup>(a)(b)</sup> | USD | 5262 | 5147456 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-A, Class A1, 5.29%, 04/20/62 (Call 02/20/29), (1 mo. LIBOR US + 0.800%)<sup>(a)(b)</sup> | USD | 6682 | 6500832 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-BA, Class AFL, 5.27%, 04/20/62 (Call 07/20/29), (1 mo. LIBOR US + 0.780%)<sup>(a)(b)</sup> | USD | 11605 | 11386882 |
| Neuberger Berman CLO Ltd., Series 2013-14A, Class AR2, 5.83%, 01/28/30 (Call 04/28/23), (3 mo. LIBOR US + 0.990%)<sup>(a)(b)</sup> | USD | 479 | 476473 |
| Neuberger Berman Loan Advisers CLO 33 Ltd., Series 2019 33A, Class AR, 5.87%, 10/16/33 (Call 10/16/28), (3 mo. LIBOR US + 1.080%)<sup>(a)(b)</sup> | USD | 2050 | 2032656 |
| Niagara Park Clo Ltd., 5.79%, 07/17/32 (Call 10/17/28), (3 mo. LIBOR US + 1.000%)<sup>(a)(b)</sup> | USD | 2500 | 2460165 |
| Nissan Auto Lease Trust, 3.45%, 08/15/24 (Call 02/15/25) | USD | 12908 | 12799879 |
| NLY Commercial Mortgage Trust, Series 2019-FL2, Class A, 5.76%, 02/15/36 (Call 12/15/23), (1 mo. LIBOR US + 1.300%)<sup>(a)(b)</sup> | USD | 56 | 55971 |
| OCP CLO Ltd., Series 2017-13A, 5.75%, 07/15/30 (Call 01/15/29), (3 mo. LIBOR US + 0.960%)<sup>(a)(b)</sup> | USD | 3820 | 3774200 |
| Octagon Investment Partners XVII Ltd., Series 2013-1A, Class A1R2, 5.82%, 01/25/31 (Call 01/25/29), (3 mo. LIBOR US + 1.000%)<sup>(a)(b)</sup> | USD | 3000 | 2975589 |
| OneMain Direct Auto Receivables Trust, 5.88%, 03/14/29 (Call 12/14/25)<sup>(a)(b)</sup> | USD | 8825 | 8833315 |
| OneMain Financial Issuance Trust, 3.84%, 05/14/32 (Call 02/14/23)<sup>(a)</sup> | USD | 1960 | 1947937 |
| Palmer Square CLO Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.80%, 10/17/31 (Call 04/19/23), (3 mo. LIBOR US + 1.000%)<sup>(a)(b)</sup> | USD | 1800 | 1781967 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2015-2, 5.91%, 07/20/30 (Call 04/20/23), (3 mo. LIBOR US + 1.100%)<sup>(a)(b)</sup> | USD | 3465 | 3444384 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-3A, Class A1, 5.94%, 01/15/35 (Call 01/15/31)<sup>(a)(b)</sup> | USD | 500 | 490416 |
| Palmer Square Loan Funding Ltd., 6.22%, 01/15/31 (Call 10/15/23)<sup>(a)(b)</sup> | USD | 4900 | 4880365 |
| PCL Funding V PLC, 4.18%, 10/15/25 (Call 10/15/23)<sup>(b)(c)</sup> | GBP | 3000 | 3694288 |
| PCL Funding VI PLC, 4.83%, 07/15/26 (Call 07/15/24)<sup>(b)(c)</sup> | GBP | 6611 | 8165854 |
| PFS Financing Corp., 4.88%, 02/15/26, (1 mo. SOFR + 0.600%)<sup>(a)(b)</sup> | USD | 22642 | 22595471 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **BlackRock Short Maturity Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par <br> (000)* | *Value* |
| Pikes Peak CLO 1, Series 2018-1A, Class A, 6.00%, 07/24/31 (Call 07/24/28), (3 mo. LIBOR US + 1.180%)<sup>(a)(b)</sup> | USD | 1500 | $1480687 |
| Prodigy Finance CM2021-1 DAC, Series 2021-1A, Class A, 5.76%, 07/25/51 (Call 02/25/27), (1 mo. LIBOR US + 1.250%)<sup>(a)(b)</sup> | USD | 1200 | 1174632 |
| Red & Black Auto Germany 8 UG, Class B, 2.67%, 09/15/30 (Call 11/15/25)<sup>(b)(c)</sup> | EUR | 400 | 429726 |
| Red & Black Auto Italy S.r.l., Class A, 2.78%, 12/28/31 (Call 09/28/25)<sup>(b)(c)</sup> | EUR | 11348 | 12323554 |
| Romark WM-R Ltd., Series 2018-1A, Class A1, 5.84%, 04/20/31 (Call 01/20/29), (3 mo. LIBOR US + 1.030%)<sup>(a)(b)</sup> | USD | 3879 | 3833430 |
| RR 3 Ltd., Series 2018-3A, Class A1R2, 5.88%, 01/15/30 (Call 10/15/28), (3 mo. LIBOR US + 1.090%)<sup>(a)(b)</sup> | USD | 2000 | 1986645 |
| Santander Drive Auto Receivables Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2.76%, 03/17/25 (Call 03/15/25) | USD | 8067 | 8037546 |
| &nbsp;&nbsp;&nbsp;4.05%, 07/15/25 (Call 02/15/26) | USD | 5866 | 5850153 |
| Satus PLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.13%, 08/17/28 (Call 03/17/25), (Sterning Ovenight Index Average + 0.700%)<sup>(b)(c)</sup> | GBP | 385 | 474783 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 08/17/28 (Call 03/17/25), (Sterning Ovenight Index Average + 1.200%)<sup>(b)(c)</sup> | GBP | 400 | 488438 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.03%, 08/17/28 (Call 03/17/25), (Sterning Ovenight Index Average + 1.600%)<sup>(b)(c)</sup> | GBP | 300 | 363259 |
| Shackleton Clo Ltd., Series 2017-11A, 5.70%, 08/15/30 (Call 11/15/28), (3 mo. LIBOR US + 1.090%)<sup>(a)(b)</sup> | USD | 2750 | 2717390 |
| Shackleton CLO Ltd., Series 2015-7R, 5.94%, 07/15/31 (Call 01/15/29), (3 mo. LIBOR US + 1.150%)<sup>(a)(b)</sup> | USD | 2750 | 2709393 |
| Signal Peak CLO 2 LLC, Series 2015-1A, Class AR2, 5.79%, 04/20/29 (Call 04/20/23), (3 mo. LIBOR US + 0.980%)<sup>(a)(b)</sup> | USD | 1145 | 1131932 |
| Silver Creek CLO Ltd., 6.05%, 07/20/30 (Call 04/20/23), (3 mo. LIBOR US + 1.240%)<sup>(a)(b)</sup> | USD | 5500 | 5440229 |
| Silverstone Master Issuer PLC, 3.72%, 01/21/70 (Call 04/21/23)<sup>(b)(c)</sup> | GBP | 3485 | 4258349 |
| SLM Private Credit Student Loan Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2004-A, Class A3, 5.17%, 06/15/33 (Call 03/15/23), (3 mo. LIBOR US + 0.400%)<sup>(b)</sup> | USD | 2887 | 2806357 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2004-B, Class A3, 5.10%, 03/15/24 (Call 12/15/23), (3 mo. LIBOR US + 0.330%)<sup>(b)</sup> | USD | 1454 | 1450359 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2005-A, Class A4, 5.08%, 12/15/38 (Call 09/15/26), (3 mo. LIBOR US + 0.310%)<sup>(b)</sup> | USD | 6541 | 6255012 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2005-B, Class A4, 5.10%, 06/15/39 (Call 09/15/26), (3 mo. LIBOR US + 0.330%)<sup>(b)</sup> | USD | 4622 | 4400909 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2006-A, Class A5, 5.06%, 06/15/39 (Call 09/15/28), (3 mo. LIBOR US + 0.290%)<sup>(b)</sup> | USD | 10449 | 9846791 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2006-B, Class A5, 5.04%, 12/15/39 (Call 12/15/27), (3 mo. LIBOR US + 0.270%)<sup>(b)</sup> | USD | 7465 | 6998715 |
| SMB Private Education Loan Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.45%, 06/15/37, (1 mo. LIBOR US + 1.000%)<sup>(a)(b)</sup> | USD | 2314 | 2270720 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.73%, 02/16/55, (30 day SOFR + 1.450%)<sup>(a)(b)</sup> | USD | 10909 | 10800422 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.08%, 10/15/58<sup>(a)(b)</sup> | USD | 20240 | 20149074 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.13%, 05/16/50, (1 mo. SOFR + 1.850%)<sup>(a)(b)</sup> | USD | 5007 | 5009976 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-A, Class A2B, 5.36%, 09/15/34, (1 mo. LIBOR US + 0.900%)<sup>(a)(b)</sup> | USD | 8767 | 8704376 |
| Sound Point Clo XV Ltd., Series 2017-1A, Class ARR, 5.72%, 01/23/29 (Call 01/23/27), (3 mo. LIBOR US + 0.900%)<sup>(a)(b)</sup> | USD | 1603 | 1590341 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par <br> (000)* | *Value* |
| Sound Point CLO XXVIII Ltd., Series 2020 3A, Class A1, 6.10%, 01/25/32 (Call 01/25/29), (3 mo. LIBOR US + 1.280%)<sup>(a)(b)</sup> | USD | 1250 | $1224957 |
| Southwick Park CLO LLC, 5.87%, 07/20/32 (Call 10/20/28), (3 mo. LIBOR US + 1.060%)<sup>(a)(b)</sup> | USD | 8760 | 8654880 |
| Symphony CLO XVI Ltd., Series 2015-16A, Class AR, 5.94%, 10/15/31 (Call 07/15/28), (3 mo. LIBOR US + 1.150%)<sup>(a)(b)</sup> | USD | 500 | 493125 |
| TAGUS - Sociedade de Titularizacao de |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Creditos SA/Ulisses Finance No. 2, 2.69%, 09/23/38 (Call 02/23/28)<sup>(b)(c)</sup> | EUR | 11006 | 11957883 |
| TCI-Symphony CLO Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.72%, 07/15/30 (Call 10/15/28), (3 mo. LIBOR US + 0.930%)<sup>(a)(b)</sup> | USD | 7765 | 7679947 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.84%, 10/13/32 (Call 10/13/28), (3 mo. LIBOR US + 1.020%)<sup>(a)(b)</sup> | USD | 5235 | 5164328 |
| TICP CLO IX Ltd., Series 2017-9A, Class A, 5.95%, 01/20/31 (Call 10/20/28), (3 mo. LIBOR US + 1.140%)<sup>(a)(b)</sup> | USD | 500 | 497321 |
| Together Asset-Backed Securitisation PLC, 4.13%, 07/12/63 (Call 10/12/25)<sup>(b)(c)</sup> | GBP | 2123 | 2582821 |
| Toyota Auto Receivables Owner Trust, 5.17%, 01/15/26 (Call 10/15/26)<sup>(b)</sup> | USD | 12000 | 12021584 |
| Verizon Owner Trust, Series 2020-A, Class A1B, 4.76%, 07/22/24 (Call 05/20/23), (1 mo. LIBOR US + 0.270%)<sup>(b)</sup> | USD | 1003 | 1002489 |
| Volkswagen Auto Lease Trust, 3.02%, 10/21/24 (Call 10/20/24) | USD | 18262 | 18024500 |
| Voya CLO, Series 2017-2A, Class A1R, 5.77%, 06/07/30 (Call 10/15/28), (3 mo. LIBOR US + 0.980%)<sup>(a)(b)</sup> | USD | 4771 | 4737923 |
| Voya CLO Ltd., 5.85%, 04/15/31 (Call 01/15/29), (3 mo. LIBOR US + 1.060%)<sup>(a)(b)</sup> | USD | 1250 | 1239214 |
| Voya Ltd., Series 2012-4, 5.08%, 10/15/30 (Call 04/15/23), (3 mo. LIBOR US + 1.000%)<sup>(a)(b)</sup> | USD | 12629 | 12530952 |
| Wellfleet CLO Ltd., Series 2016-1A, Class AR, 5.72%, 04/20/28 (Call 10/20/25), (3 mo. LIBOR US + 0.910%)<sup>(a)(b)</sup> | USD | 630 | 623185 |
| Westlake Automobile Receivables Trust 3.36%, 08/15/25 (Call 02/15/26)<sup>(a)</sup> | USD | 7082 | 7016804 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-1A, Class A2A, 0.39%, 10/15/24 (Call 09/15/24)<sup>(a)</sup> | USD | 520 | 519499 |
| **Total Asset-Backed Securities — 20.4%** |  |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $843,889,953)** |  |  | 832608177 |
| **Collaterized Mortgage Obligations** | **Collaterized Mortgage Obligations** | **Collaterized Mortgage Obligations** | **Collaterized Mortgage Obligations** |
| **Mortgage-Backed Securities — 6.1%** |  |  |  |
| 280 Park Avenue Mortgage Trust, Series 2017-280P, Class A, 5.28%, 09/15/34 (Call 02/15/23), (1 mo. LIBOR US + 0.880%)<sup>(a)(b)</sup> | USD | 12100 | 11856720 |
| AREIT Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.56%, 01/16/37 (Call 01/15/25)<sup>(a)(b)</sup> | USD | 1850 | 1777462 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-CRE3, Class A, 5.87%, 09/14/36 (Call 08/14/23), (1 mo. LIBOR US + 1.020%)<sup>(a)(b)</sup> | USD | 1408 | 1382855 |
| BAMLL Commercial Mortgage Securities Trust, Series 2018-DSNY, Class A, 5.31%, 09/15/34, (1 mo. LIBOR US + 0.850%)<sup>(a)(b)</sup> | USD | 19220 | 19050789 |
| BBCMS-TALL Mortgage Trust, Series 2018-TALL, Class A, 5.18%, 03/15/37, (1 mo. LIBOR US + 0.722%)<sup>(a)(b)</sup> | USD | 8630 | 8016236 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **BlackRock Short Maturity Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par <br> (000)* | *Value* |
| **Mortgage-Backed Securities (continued)** |  |  |  |
| Brass No. 11 PLC, 3.99%, 11/16/70 | GBP | 5719 | $7095704 |
| BX Commercial Mortgage Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.15%, 10/15/38, (1 mo. LIBOR US + 0.690%)<sup>(a)(b)</sup> | USD | 9063 | 8810881 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.49%, 02/15/39<sup>(a)(b)</sup> | USD | 9962 | 9757309 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-XL, Class A, 5.51%, 10/15/36, (1 mo. LIBOR US + 0.920%)<sup>(a)(b)</sup> | USD | 5378 | 5354276 |
| BX Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.36%, 10/15/36, (1 mo. LIBOR US + 0.890%)<sup>(a)(b)</sup> | USD | 8520 | 8246113 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-CALM, Class A, 5.47%, 11/15/32, (1 mo. LIBOR US + 0.876%)<sup>(a)(b)</sup> | USD | 1290 | 1277183 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021, Class A, 5.74%, 06/15/36, (1 mo. LIBOR US + 1.280%)<sup>(a)(b)</sup> | USD | 2070 | 1979089 |
| CEDR Commercial Mortgage Trust, 5.47%, 02/15/39<sup>(a)(b)</sup> | USD | 5410 | 5038386 |
| Chase Home Lending Mortgage Trust, Series 2019-ATR2, Class A11, 5.29%, 07/25/49 (Call 06/25/29), (1 mo. LIBOR US + 0.900%)<sup>(a)(b)</sup> | USD | 1124 | 1078480 |
| Cold Storage Trust, Series 2020-ICE5, Class A, 5.36%, 11/15/37, (1 mo. LIBOR US + 0.900%)<sup>(a)(b)</sup> | USD | 1843 | 1815398 |
| Credit Suisse Mortgage Capital Certificates, Series 2019-ICE4, Class A, 5.44%, 05/15/36, (1 mo. LIBOR US + 0.980%)<sup>(a)(b)</sup> | USD | 6033 | 6006501 |
| DBGS Mortgage Trust, Series 2018-5BP, Class A, 5.25%, 06/15/33 (Call 02/15/23), (1 mo. LIBOR US + 0.645%)<sup>(a)(b)</sup> | USD | 4200 | 4042036 |
| Economic Master Issuer PLC, 3.99%, 06/25/74 | GBP | 2702 | 3333491 |
| Extended Stay America Trust, Series 2021-ESH, Class A, 5.54%, 07/15/38, (1 mo. LIBOR US + 1.080%)<sup>(a)(b)</sup> | USD | 6082 | 5994579 |
| Friary No. 7 PLC, 4.10%, 10/21/70 (Call 10/21/27)<sup>(b)</sup> | GBP | 1420 | 1752744 |
| GCT Commercial Mortgage Trust, Series 2021-GCT, Class A, 5.26%, 02/15/38, (1 mo. LIBOR US + 0.800%)<sup>(a)(b)</sup> | USD | 8600 | 8039596 |
| GS Mortgage Securities Corportation Trust, 5.41%, 10/15/36, (1 mo. LIBOR US + 0.950%)<sup>(a)(b)</sup> | USD | 10360 | 9789500 |
| Hops Hill No. 1 PLC, 4.38%, 05/27/54 (Call 05/27/24)<sup>(b)(c)</sup> | GBP | 2891 | 3554661 |
| JP Morgan Chase Commercial Mortgage Securities Trust, Series 2019-BKWD, Class A, 5.71%, 09/15/29, (1 mo. LIBOR US + 1.000%)<sup>(a)(b)</sup> | USD | 1645 | 1592850 |
| JPMorgan Chase Commercial Mortgage Securities Trust, 5.68%, 03/15/39<sup>(a)(b)</sup> | USD | 5540 | 5415208 |
| KNDL Mortgage Trust, Series 2019-KNSQ, Class A, 5.26%, 05/15/36, (1 mo. LIBOR US + 0.800%)<sup>(a)(b)</sup> | USD | 8533 | 8473894 |
| Last Mile Securities PE DAC, 2.70%, 08/17/31, (3 mo. Euribor + 0.900%)<sup>(b)(c)</sup> | EUR | 3965 | 4128928 |
| Med Trust, 5.41%, 11/15/38<sup>(a)(b)</sup> | USD | 4247 | 4141071 |
| MF1 Multifamily Housing Mortgage Loan Trust, 5.55%, 12/15/34, (SOFR + 1.070%)<sup>(a)(b)</sup> | USD | 1230 | 1178733 |
| MHC Commercial Mortgage Trust, 5.26%, 04/15/38, (1 mo. LIBOR US + 0.801%)<sup>(a)(b)</sup> | USD | 5925 | 5819367 |
| Morgan Stanley Capital I Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-BOP, Class A, 5.31%, 08/15/33, (1 mo. LIBOR US + 0.850%)<sup>(a)(b)</sup> | USD | 4330 | 4120498 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-SUN, Class A, 5.36%, 07/15/35 (Call 07/15/23), (1 mo. LIBOR US + 0.900%)<sup>(a)(b)</sup> | USD | 19045 | 18734864 |
| MSCG Trust, 5.36%, 10/15/37, (1 mo. LIBOR US + 0.900%)<sup>(a)(b)</sup> | USD | 4844 | 4791953 |
| MTN Commercial Mortgage Trust, 5.87%, 03/15/39<sup>(a)(b)</sup> | USD | 8930 | 8704766 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Mortgage-Backed Securities (continued)** |  |  |
| Ready Capital Mortgage Financing LLC, 5.96%, 01/25/37 (Call 02/25/24), (1 mo. SOFR + 1.650%)<sup>(a)(b)</sup> | 4560 | $4461730 |
| RIAL Issuer Ltd., 6.73%, 01/19/37 (Call 06/17/24)<sup>(a)(b)</sup> | 2000 | 1970020 |
| Taurus UK DAC, 4.20%, 08/17/31 (Call 08/17/26), (SOFR + 0.950%)<sup>(b)(c)</sup> | 6820 | 8052808 |
| TPGI Trust, Series 2021 DGWD, Class A, 5.16%, 06/15/26, (1 mo. LIBOR US + 0.700%)<sup>(a)(b)</sup> | 6320 | 6165665 |
| Vita Scientia DAC, 3.22%, 02/27/33<sup>(b)(c)</sup> | 9031 | 9316168 |
| Wells Fargo Commercial Mortgage Trust, Series 2017-SMP, Class A, 5.33%, 12/15/34, (1 mo. LIBOR US + 0.750%)<sup>(a)(b)</sup> | 17280 | 16100991 |
| **Total Collaterized Mortgage Obligations — 6.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**(Cost: $255,412,757)** |  | 248219503 |
| **Commercial Paper** |  |  |
| Enel Finance America LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.09%, 08/09/23 | $10000 | 9688558 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.17%, 09/06/23 | 15000 | 14459633 |
| General Motors Financial Co. Inc., 5.35%, 04/13/23 | 12000 | 11873040 |
| HSBC USA Inc., 5.25%, 08/23/23 | 10000 | 9711113 |
| National Australia Bank Ltd., 4.59%, 03/15/23 | 10000 | 9945426 |
| **Total Commercial Paper — 1.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**(Cost: $55,895,536)** |  | 55677770 |
| **Corporate Bonds & Notes** |  |  |
| **Aerospace & Defense — 0.4%** |  |  |
| L3Harris Technologies Inc., 3.85%, 06/15/23 (Call 05/15/23) | 14493 | 14429080 |
| **Auto Manufacturers — 8.4%** |  |  |
| American Honda Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.55%, 07/12/24 | 10559 | 9940261 |
| &nbsp;&nbsp;&nbsp;&nbsp;0.88%, 07/07/23<sup>(d)</sup> | 9688 | 9524189 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.23%, 01/12/26 | 10744 | 10785042 |
| BMW U.S. Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.80%, 04/01/24<sup>(a)</sup> | 11292 | 10784318 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.51%, 08/12/24, (1 day SOFR + 0.380%)<sup>(a)(b)</sup> | 20811 | 20665383 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.15%, 04/01/25, (1 day SOFR + 0.840%)<sup>(a)(b)(d)</sup> | 10827 | 10800879 |
| Daimler Finance North America LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.75%, 03/01/24<sup>(a)(d)</sup> | 21485 | 20531903 |
| &nbsp;&nbsp;&nbsp;&nbsp;1.75%, 03/10/23<sup>(a)(d)</sup> | 17650 | 17594531 |
| Daimler Truck Finance North America LLC, 5.20%, 01/17/25 | 8695 | 8739917 |
| Daimler Trucks Finance North America LLC, 1.13%, 12/14/23<sup>(a)</sup> | 15000 | 14499073 |
| General Motors Financial Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1.05%, 03/08/24 | 19337 | 18498727 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.93%, 10/15/24, (1 day SOFR + 0.620%)<sup>(b)</sup> | 14493 | 14251920 |
| Hyundai Capital America |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.80%, 04/03/23<sup>(a)</sup> | 17710 | 17588332 |
| &nbsp;&nbsp;&nbsp;&nbsp;1.00%, 09/17/24<sup>(a)(d)</sup> | 26133 | 24409120 |
| Nissan Motor Acceptance Co. LLC, 1.13%, 09/16/24<sup>(a)</sup> | 10169 | 9426776 |
| Nissan Motor Acceptance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1.05%, 03/08/24<sup>(a)</sup> | 12086 | 11458096 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.88%, 09/21/23<sup>(a)(d)</sup> | 3844 | 3794662 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.37%, 03/08/24, (3 mo. LIBOR US + 0.640%)<sup>(a)(b)(d)</sup> | 4219 | 4179679 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **BlackRock Short Maturity Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Auto Manufacturers (continued)** |  |  |
| Stellantis NV, 5.25%, 04/15/23 | $9400 | $9379602 |
| Toyota Motor Credit Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.40%, 09/20/24<sup>(d)</sup> | 7125 | 7091000 |
| &nbsp;&nbsp;&nbsp;4.87%, 01/10/25 | 19337 | 19351155 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.96%, 12/29/23<sup>(b)</sup> | 14493 | 14516523 |
| Volkswagen Group of America Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.88%, 11/22/23<sup>(a)(d)</sup> | 22000 | 21229644 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 11/13/23<sup>(a)</sup> | 13000 | 12892306 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.21%, 06/07/24<sup>(a)(b)(d)</sup> | 19465 | 19447035 |
|  |  | 341380073 |
| **Banks — 20.6%** |  |  |
| Banco Santander SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.70%, 06/30/24 (Call 06/30/23)<sup>(b)</sup> | 21200 | 20758616 |
| &nbsp;&nbsp;&nbsp;3.85%, 04/12/23 | 9291 | 9260818 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.93%, 04/12/23, (3 mo. LIBOR US + 1.120%)<sup>(b)</sup> | 10000 | 10000976 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.55%, 03/05/24 (Call 03/05/23), (3 mo. LIBOR US + 0.780%)<sup>(b)</sup> | 29025 | 28979962 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.86%, 07/23/24 (Call 07/23/23), (3 mo. LIBOR US + 0.940%)<sup>(b)</sup> | 10000 | 9940043 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.83%, 07/22/26 (Call 07/22/25)<sup>(b)</sup> | 19337 | 19288310 |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.33%, 06/07/25<sup>(b)(d)</sup> | 18830 | 18871013 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series H, 4.25%, 09/14/24<sup>(d)</sup> | 4000 | 3961925 |
| Barclays PLC, 6.02%, 05/16/24 (Call 05/16/23), |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(3 mo. LIBOR US + 1.380%)<sup>(b)</sup> | 41000 | 41069454 |
| BPCE SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.88%, 01/14/25, (1 day SOFR + 0.570%)<sup>(a)(b)</sup> | 3110 | 3071405 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.98%, 09/12/23, (3 mo. LIBOR US + 1.240%)<sup>(a)(b)</sup> | 15000 | 15022440 |
| Canadian Imperial Bank of Commerce, 0.45%, 06/22/23 | 25540 | 25110879 |
| Citigroup Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1.68%, 05/15/24 (Call 05/15/23), (1 day SOFR + 1.667%)<sup>(b)</sup> | 14493 | 14349849 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.35%, 04/24/25 (Call 04/24/24), (3 mo. LIBOR US + 0.897%)<sup>(b)</sup> | 10000 | 9783970 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.57%, 05/24/25 (Call 05/24/24), (1 day SOFR + 1.372%)<sup>(b)</sup> | 21740 | 21805611 |
| Deutsche Bank AG/New York NY 2.22%, 09/18/24 (Call 09/18/23), (1 day SOFR + 2.159%)<sup>(b)(d)</sup> | 17000 | 16641240 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series E, 4.59%, 11/08/23, (1 day SOFR + 0.500%)<sup>(b)</sup> | 13790 | 13748558 |
| DNB Bank ASA, 5.14%, 03/28/25 (Call 03/28/24), (3 mo. LIBOR US + 0.390%)<sup>(a)(b)(d)</sup> | 15000 | 14959050 |
| Federation des Caisses Desjardins du Quebec, 4.62%, 05/21/24, (1 day SOFR + 0.430%)<sup>(a)(b)(d)</sup> | 20000 | 19918600 |
| Goldman Sachs Group Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.52%, 03/08/23<sup>(d)</sup> | 24181 | 24076063 |
| &nbsp;&nbsp;&nbsp;1.22%, 12/06/23 (Call 02/06/23) | 27924 | 27062672 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.33%, 11/29/23, (3 mo. LIBOR US + 1.600%)<sup>(b)(d)</sup> | 12060 | 12186601 |
| HSBC Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.73%, 08/17/24 (Call 08/17/23), (1 day SOFR + 0.534%)<sup>(b)(d)</sup> | 13500 | 13138263 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.60%, 05/25/23<sup>(d)</sup> | 10000 | 9958462 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.97%, 03/11/25 (Call 03/11/24), (3 mo. LIBOR US + 1.230%)<sup>(b)(d)</sup> | 13000 | 12992260 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 11/22/24 (Call 11/22/23), (1 day SOFR + 0.580%)<sup>(b)</sup> | 6570 | 6465621 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Banks (continued)** |  |  |
| Huntington National Bank (The), 5.35%, 05/16/25 (Call 05/16/24), (1 day SOFR + 1.190%)<sup>(b)(d)</sup> | $22900 | $22823216 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.70%, 03/16/24 (Call 03/16/23), (1 day SOFR + 0.580%)<sup>(b)</sup> | 11571 | 11503527 |
| &nbsp;&nbsp;&nbsp;&nbsp;1.51%, 06/01/24 (Call 06/01/23), (1 day SOFR + 1.455%)<sup>(b)</sup> | 32498 | 32109226 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.56%, 04/23/24 (Call 04/23/23), (3 mo. LIBOR US + 0.730%)<sup>(b)</sup> | 46881 | 46707717 |
| KeyBank NA/Cleveland OH, 0.43%, 06/14/24 (Call 06/14/23), (1 day SOFR + 0.320%)<sup>(b)</sup> | 4625 | 4531606 |
| KeyCorp, 3.88%, 05/23/25 (Call 05/23/24)<sup>(b)</sup> | 6220 | 6109259 |
| Mitsubishi UFJ Financial Group Inc., 5.96%, 07/18/25 (Call 07/18/24)<sup>(b)</sup> | 19100 | 19187841 |
| Mizuho Financial Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.55%, 03/05/23<sup>(d)</sup> | 20000 | 19976336 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.39%, 05/25/24 (Call 05/25/23), (3 mo. LIBOR US + 0.630%)<sup>(b)</sup> | 10000 | 9985812 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.56%, 03/05/23, (3 mo. LIBOR US + 0.790%)<sup>(b)</sup> | 3000 | 3001711 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.74%, 04/24/24 (Call 04/24/23), (3 mo. LIBOR US + 0.847%)<sup>(b)</sup> | 19337 | 19268822 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.75%, 02/25/23<sup>(d)</sup> | 25000 | 24975737 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.58%, 11/10/23 (Call 10/10/23), (1 day SOFR + 0.466%)<sup>(b)(d)</sup> | 5305 | 5302401 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.76%, 01/25/24 (Call 12/25/23), (1 day SOFR + 0.455%)<sup>(b)</sup> | 63916 | 63853298 |
| National Bank of Canada, 4.57%, 08/06/24, (1 day SOFR + 0.490%)<sup>(b)(d)</sup> | 8695 | 8666828 |
| Natwest Group PLC, 6.27%, 06/25/24 (Call 06/25/23), (3 mo. LIBOR US + 1.550%)<sup>(b)</sup> | 3000 | 3008080 |
| NatWest Markets PLC, 3.48%, 03/22/25<sup>(a)</sup> | 10000 | 9654854 |
| Nordea Bank Abp, 5.21%, 06/06/25<sup>(a)(b)(d)</sup> | 19885 | 19867187 |
| Royal Bank of Canada, 5.66%, 10/25/24 | 9838 | 10002896 |
| Sumitomo Mitsui Financial Group Inc., 5.59%, 10/16/23, (3 mo. LIBOR US + 0.800%)<sup>(b)</sup> | 2830 | 2835915 |
| Toronto-Dominion Bank (The), 4.29%, 09/13/24 | 19667 | 19505966 |
| U.S. Bank NA/Cincinnati OH, 3.40%, 07/24/23 (Call 06/23/23)<sup>(d)</sup> | 20000 | 19856654 |
| UBS AG/London, 4.57%, 08/09/24, (1 day SOFR + 0.450%)<sup>(a)(b)</sup> | 15725 | 15705643 |
| Wells Fargo & Co., 3.91%, 04/25/26 (Call 04/25/25), (1 day SOFR + 1.320%)<sup>(b)</sup> | 18730 | 18298646 |
|  |  | 839161839 |
| **Beverages — 0.5%** |  |  |
| Keurig Dr Pepper Inc., 0.75%, 03/15/24 (Call 03/03/23) | 20779 | 19853824 |
| **Biotechnology — 0.9%** |  |  |
| Gilead Sciences Inc. |  |  |
| &nbsp;&nbsp;&nbsp;0.75%, 09/29/23 (Call 02/13/23) | 22038 | 21431413 |
| &nbsp;&nbsp;&nbsp;&nbsp;2.50%, 09/01/23 (Call 07/01/23)<sup>(d)</sup> | 4000 | 3942830 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.70%, 04/01/24 (Call 01/01/24)<sup>(d)</sup> | 10000 | 9871034 |
|  |  | 35245277 |
| **Building Materials — 0.2%** |  |  |
| Martin Marietta Materials Inc., 0.65%, 07/15/23 (Call 03/03/23)<sup>(d)</sup> | 8488 | 8315129 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **BlackRock Short Maturity Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Chemicals — 0.2%** |  |  |
| International Flavors & Fragrances Inc., 3.20%, 05/01/23 (Call 02/01/23)<sup>(d)</sup> | $8688 | $8647037 |
| **Computers — 0.2%** |  |  |
| Dell International LLC/EMC Corp., 5.45%, 06/15/23 (Call 04/15/23) | 6443 | 6450820 |
| **Diversified Financial Services — 5.1%** |  |  |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 1.15%, 10/29/23<sup>(d)</sup> | 35000 | 33967496 |
| Air Lease Corp. |  |  |
| &nbsp;&nbsp;&nbsp;0.80%, 08/18/24 (Call 07/18/24) | 3208 | 2988903 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.88%, 07/03/23 (Call 06/03/23)<sup>(d)</sup> | 5358 | 5328436 |
| American Express Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.38%, 05/03/24 | 14727 | 14473526 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.40%, 02/22/24 (Call 01/22/24)<sup>(d)</sup> | 33841 | 33308625 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.29%, 11/03/23, (1 day SOFR + 0.230%)<sup>(b)</sup> | 6765 | 6755899 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.18%, 03/04/25 (Call 02/01/25), (1 day SOFR + 0.930%)<sup>(b)</sup> | 8930 | 8957753 |
| Aviation Capital Group LLC, 3.88%, 05/01/23 (Call 04/01/23)<sup>(a)</sup> | 18685 | 18572676 |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2.60%, 05/11/23 (Call 04/11/23)<sup>(d)</sup> | 12121 | 12049182 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.96%, 12/06/24 (Call 12/06/23), (1 day SOFR + 0.690%)<sup>(b)</sup> | 8688 | 8601424 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.46%, 05/09/25 (Call 05/09/24), (1 day SOFR + 1.350%)<sup>(b)(d)</sup> | 21115 | 20989122 |
| Charles Schwab Corp. (The), 4.82%, 03/18/24 (Call 02/18/24), (1 day SOFR + 0.500%)<sup>(b)(d)</sup> | 32170 | 32177876 |
| Synchrony Financial |  |  |
| &nbsp;&nbsp;&nbsp;4.25%, 08/15/24 (Call 05/15/24) | 3133 | 3073858 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.38%, 03/19/24 (Call 02/19/24)<sup>(d)</sup> | 6055 | 5988678 |
|  |  | 207233454 |
| **Electric — 2.6%** |  |  |
| Dominion Energy Inc., Series D, 5.30%, 09/15/23 (Call 02/21/23), (3 mo. LIBOR US + 0.530%)<sup>(b)</sup> | 9793 | 9805036 |
| Duke Energy Corp., 4.54%, 06/10/23, (1 day SOFR + 0.250%)<sup>(b)(d)</sup> | 12947 | 12933305 |
| NextEra Energy Capital Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp;0.65%, 03/01/23 | 22910 | 22840230 |
| &nbsp;&nbsp;&nbsp;4.20%, 06/20/24 | 6105 | 6051266 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.46%, 11/03/23 (Call 03/03/23), (1 day SOFR + 0.400%)<sup>(b)(d)</sup> | 23715 | 23681799 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.78%, 03/01/23, (1 day SOFR + 0.540%)<sup>(b)(d)</sup> | 5580 | 5580158 |
| Southern California Edison Co., 0.70%, 04/03/23<sup>(d)</sup> | 24393 | 24245078 |
|  |  | 105136872 |
| **Food — 0.9%** |  |  |
| General Mills Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.65%, 02/15/24 (Call 11/15/23)<sup>(d)</sup> | 23385 | 23071531 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.84%, 10/17/23, (3 mo. LIBOR US + 1.010%)<sup>(b)(d)</sup> | 2579 | 2589800 |
| JM Smucker Co. (The), 3.50%, 03/15/25<sup>(d)</sup> | 10149 | 9874049 |
|  |  | 35535380 |
| **Gas — 0.2%** |  |  |
| Atmos Energy Corp., 0.63%, 03/09/23 (Call 02/16/23)<sup>(d)</sup> | 7875 | 7842451 |
| **Health Care - Products — 1.8%** |  |  |
| Baxter International Inc., 4.65%, 11/29/24<sup>(b)</sup> | 5510 | 5421783 |
| GE Healthcare Holding LLC, 5.55%, 11/15/24<sup>(a)(d)</sup> | 18705 | 18864847 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Health Care - Products (continued)** |  |  |
| Thermo Fisher Scientific Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.80%, 10/18/23 (Call 03/03/23)<sup>(d)</sup> | $29181 | $28353272 |
| &nbsp;&nbsp;&nbsp;1.22%, 10/18/24 (Call 03/03/23) | 8830 | 8339463 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.84%, 10/18/24 (Call 03/03/23), (1 day SOFR + 0.530%)<sup>(b)(d)</sup> | 11629 | 11599216 |
|  |  | 72578581 |
| **Health Care - Services — 1.3%** |  |  |
| Humana Inc., 0.65%, 08/03/23 (Call 02/08/23) | 54060 | 52862858 |
| **Home Builders — 0.3%** |  |  |
| Lennar Corp., 4.50%, 04/30/24 (Call 01/30/24) | 11500 | 11424419 |
| **Household Products & Wares — 0.2%** |  |  |
| Avery Dennison Corp., 0.85%, 08/15/24 (Call 03/03/23)<sup>(d)</sup> | 10440 | 9815685 |
| **Insurance — 0.7%** |  |  |
| MassMutual Global Funding II, 5.18%, 03/21/25, (1 day SOFR + 0.270%)<sup>(a)(b)</sup> | 3996 | 4016799 |
| Metropolitan Life Global Funding I, 5.22%, 03/21/25, (1 day SOFR + 0.910%)<sup>(a)(b)(d)</sup> | 8745 | 8783912 |
| New York Life Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2.90%, 01/17/24<sup>(a)</sup> | 5000 | 4907511 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.15%, 06/06/24<sup>(a)(d)</sup> | 12605 | 12341160 |
|  |  | 30049382 |
| **Machinery — 0.9%** |  |  |
| Caterpillar Financial Services Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.55%, 11/13/23, (1 day SOFR + 0.450%)<sup>(b)(d)</sup> | 24181 | 24196247 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.12%, 05/15/23, (3 mo. LIBOR US + 0.510%)<sup>(b)(d)</sup> | 8708 | 8714046 |
| Rockwell Automation Inc., 0.35%, 08/15/23 (Call 02/13/23)<sup>(d)</sup> | 3870 | 3778264 |
|  |  | 36688557 |
| **Manufacturing — 0.7%** |  |  |
| Carlisle Companies Inc., 0.55%, 09/01/23 (Call 03/03/23)<sup>(d)</sup> | 8117 | 7906194 |
| Parker-Hannifin Corp., 3.65%, 06/15/24 | 21659 | 21294591 |
|  |  | 29200785 |
| **Media — 0.8%** |  |  |
| Charter Communications Operating LLC/Charter Communications Operating Capital |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, 02/01/24 (Call 01/01/24) | 9688 | 9594583 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.46%, 02/01/24 (Call 01/01/24), (3 mo. LIBOR US + 1.650%)<sup>(b)</sup> | 17055 | 17181467 |
| Sky Ltd., 3.75%, 09/16/24<sup>(a)(d)</sup> | 7910 | 7774899 |
|  |  | 34550949 |
| **Oil & Gas — 0.4%** |  |  |
| Phillips 66, 0.90%, 02/15/24 (Call 03/03/23)<sup>(d)</sup> | 17906 | 17163479 |
| **Pharmaceuticals — 2.8%** |  |  |
| Bayer U.S. Finance II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.88%, 12/15/23 (Call 11/15/23)<sup>(a)</sup> | 25000 | 24683000 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.78%, 12/15/23 (Call 11/15/23), (3 mo. LIBOR US + 1.010%)<sup>(a)(b)</sup> | 32500 | 32578005 |
| Cigna Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.61%, 03/15/24 (Call 03/03/23)<sup>(d)</sup> | 8217 | 7833225 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.00%, 07/15/23 (Call 05/16/23)<sup>(d)</sup> | 9688 | 9601827 |
| Shire Acquisitions Investments Ireland DAC, 2.88%, 09/23/23 (Call 07/23/23) | 31923 | 31445796 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **BlackRock Short Maturity Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *<br> Par <br> (000)* | *Value* |
| **Pharmaceuticals (continued)** |  |  |
| Takeda Pharmaceutical Co. Ltd., 4.40%, 11/26/23 (Call 10/26/23) | $6662 | $6635683 |
|  |  | 112777536 |
| **Pipelines — 2.6%** |  |  |
| Enbridge Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.55%, 10/04/23<sup>(d)</sup> | 2688 | 2607951 |
| &nbsp;&nbsp;&nbsp;2.15%, 02/16/24 | 6625 | 6428496 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 10/01/23 (Call 07/01/23)<sup>(d)</sup> | 5805 | 5764100 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.56%, 02/17/23, (1 day SOFR + 0.400%)<sup>(b)</sup> | 3130 | 3129862 |
| Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp;3.60%, 02/01/23 | 6400 | 6400000 |
| &nbsp;&nbsp;&nbsp;4.25%, 03/15/23 (Call 02/16/23) | 6355 | 6350043 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.88%, 01/15/24 (Call 10/15/23)<sup>(d)</sup> | 9688 | 9730445 |
| Energy Transfer LP/Regency Energy Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 11/01/23 (Call 08/01/23)<sup>(d)</sup> | 18676 | 18580349 |
| Kinder Morgan Energy Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.50%, 09/01/23 (Call 06/01/23)<sup>(d)</sup> | 19428 | 19296214 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.30%, 05/01/24 (Call 02/01/24)<sup>(d)</sup> | 4664 | 4629820 |
| MPLX LP, 4.50%, 07/15/23 (Call 04/15/23)<sup>(d)</sup> | 24181 | 24157292 |
|  |  | 107074572 |
| **Real Estate Investment Trusts — 0.5%** |  |  |
| American Tower Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.38%, 05/15/24 (Call 04/15/24)<sup>(d)</sup> | 14493 | 14180211 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 02/15/24<sup>(d)</sup> | 4844 | 4841598 |
|  |  | 19021809 |
| **Retail — 1.8%** |  |  |
| 7-Eleven Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.63%, 02/10/23<sup>(a)(d)</sup> | 40909 | 40866046 |
| &nbsp;&nbsp;&nbsp;&nbsp;0.80%, 02/10/24 (Call 02/10/23)<sup>(a)</sup> | 28625 | 27368288 |
| Starbucks Corp., 4.55%, 02/14/24 (Call 02/14/23), (1 day SOFR + 0.420%)<sup>(b)(d)</sup> | 4130 | 4119921 |
|  |  | 72354255 |
| **Semiconductors — 0.6%** |  |  |
| Analog Devices Inc., 4.56%, 10/01/24, (1 day SOFR + 0.250%)<sup>(b)(d)</sup> | 5025 | 4963570 |
| Broadcom Corp./Broadcom Cayman Finance Ltd., 3.63%, 01/15/24 (Call 11/15/23) | 16415 | 16183078 |
| Broadcom Inc., 3.63%, 10/15/24 (Call 09/15/24) | 4844 | 4746045 |
|  |  | 25892693 |
| **Software — 3.5%** |  |  |
| Fidelity National Information Services Inc., 0.38%, 03/01/23 | 30856 | 30757466 |
| Fiserv Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.75%, 07/01/24 (Call 06/01/24) | 10109 | 9795451 |
| &nbsp;&nbsp;&nbsp;3.80%, 10/01/23 (Call 09/01/23) | 15032 | 14910621 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2.40%, 09/15/23 (Call 07/15/23)<sup>(d)</sup> | 22220 | 21865026 |
| &nbsp;&nbsp;&nbsp;&nbsp;2.63%, 02/15/23<sup>(d)</sup> | 20753 | 20733977 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.40%, 07/08/24 (Call 04/08/24)<sup>(d)</sup> | 9688 | 9493330 |
| VMware Inc., 0.60%, 08/15/23 | 36091 | 35271218 |
|  |  | 142827089 |
| **Telecommunications — 1.9%** |  |  |
| AT&T Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.95%, 03/25/24 (Call 03/03/23), (1 day SOFR + 0.640%)<sup>(b)</sup> | 21259 | 21260042 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.92%, 06/12/24, (3 mo. LIBOR US + 1.180%)<sup>(b)</sup> | 13882 | 14029344 |
| Rogers Communications Inc., 2.95%, 03/15/25 (Call 03/15/23)<sup>(a)</sup> | 23338 | 22410380 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par/<br> Shares <br> (000)* | *Value* |
| **Telecommunications (continued)** |  |  |
| Verizon Communications Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.81%, 03/22/24, (1 day SOFR + 0.500%)<sup>(b)</sup> | $11364 | $11339503 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.71%, 05/15/25 (Call 03/15/25), (3 mo. LIBOR US + 1.100%)<sup>(b)(d)</sup> | 9688 | 9818321 |
|  |  | 78857590 |
| **Transportation — 0.7%** |  |  |
| Canadian Pacific Railway Co., 1.35%, 12/02/24 (Call 03/03/23) | 7727 | 7261317 |
| Ryder System Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.65%, 03/18/24 (Call 02/18/24)<sup>(d)</sup> | 16965 | 16667192 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.88%, 12/01/23 (Call 11/01/23)<sup>(d)</sup> | 4844 | 4800128 |
|  |  | 28728637 |
| **Trucking & Leasing — 0.7%** |  |  |
| Penske Truck Leasing Co. LP/PTL Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2.70%, 03/14/23 (Call 02/14/23)<sup>(a)(d)</sup> | 9688 | 9664112 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.90%, 02/01/24 (Call 01/01/24)<sup>(a)</sup> | 5805 | 5709043 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.13%, 08/01/23 (Call 07/01/23)<sup>(a)(d)</sup> | 14493 | 14415103 |
|  |  | 29788258 |
| **Total Corporate Bonds & Notes — 62.4%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $2,568,350,293)** |  | 2540888370 |
| **Repurchase Agreements<sup>(b)(e)</sup>** | **Repurchase Agreements<sup>(b)(e)</sup>** | **Repurchase Agreements<sup>(b)(e)</sup>** |
| Goldman Sachs & Co, 4.30%, 02/01/23 (Purchased on 01/31/23 to be repurchased at $100,011,944, collateralized by non-agency mortgage-backed security, 2.50% to 6.00%,due 06/01/32 to 01/20/53, par and fair value of $298,396,488 and $102,000,000, respectively) | 100000 | 100000000 |
| **Total Repurchase Agreements — 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $100,000,000)** |  | 100000000 |
| **U.S. Government Obligations** | **U.S. Government Obligations** | **U.S. Government Obligations** |
| **U.S. Government Obligations — 5.0%** |  |  |
| U.S. Treasury Note/Bond, 0.75%, 12/31/23 | 210000 | 202502345 |
| **Total U.S. Government Obligations — 5.0%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $202,624,442)** |  | 202502345 |
| **Money Market Funds** | **Money Market Funds** | **Money Market Funds** |
| BlackRock Cash Funds: Institutional, SL Agency Shares, 4.56%<sup>(f)(g)(h)</sup> | 88969 | 89022786 |
| BlackRock Cash Funds: Treasury, SL Agency Shares, 4.18%<sup>(f)(g)</sup> | 68840 | 68840000 |
| **Total Money Market Funds — 3.9%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $157,811,499)** |  | 157862786 |
| **Total Investments — 101.7%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $4,183,984,480)** |  | 4137758951 |
| **Liabilities in Excess of Other Assets — (1.7)%** |  | (67580957) |
| **Net Assets — 100.0%** |  | $4070177994 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **BlackRock Short Maturity Bond ETF** |
| January 31, 2023 |  |

---

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

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

<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 January 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at<br> 10/31/22* | *Purchases<br> at Cost* |  | *Proceeds<br> from Sale* |  | *Net Realized<br> Gain (Loss)* | *Change in<br> Unrealized<br> Appreciation<br> (Depreciation)* | *Value at<br> 01/31/23* | *Shares<br> Held at<br> 01/31/23<br> (000)* | *Income* |  | *Capital Gain<br> Distributions from<br> Underlying Funds* |
| BlackRock Cash Funds: Institutional, SL Agency Shares | $77892775 | $11075141 | <sup>(a)</sup> | $— |  | $(133) | $55003 | $89022786 | 88969 | $72747 | <sup>(b)</sup> | $— |
| BlackRock Cash Funds: Treasury, SL Agency Shares | 190200000 |  |  | (121360000) |)<sup>(a)</sup> |  |  | 68840000 | 68840 | 1778827 |  | 187 |
|  |  |  |  |  |  | $(133) | $55003 | $157862786 |  | $1851574 |  | $187 |

---

<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 fees and collateral investment expenses, and other payments to and from borrowers of securities.

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

**Forward Foreign Currency Exchange Contracts**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | *Unrealized<br> Appreciation <br> (Depreciation)* |
| EUR | 1269879 | USD | 1350575 | Citibank N.A. | 03/15/23 | $33606 |
| GBP | 729317 | USD | 879989 | Deutsche Bank Securities Inc. | 03/15/23 | 19966 |
| USD | 3498580 | EUR | 3197000 | Citibank N.A. | 03/15/23 | 13818 |
| USD | 3534790 | EUR | 3230000 | State Street Bank and Trust Co. | 03/15/23 | 14058 |
| USD | 2820610 | GBP | 2280000 | State Street Bank and Trust Co. | 03/15/23 | 7160 |
|  |  |  |  |  |  | 88608 |
| GBP | 2558000 | USD | 3173682 | HSBC Bank PLC | 03/15/23 | (17188) |
| USD | 66954354 | EUR | 62684000 | Deutsche Bank Securities Inc. | 03/15/23 | (1371828) |
| USD | 56445407 | GBP | 46310000 | Deutsche Bank Securities Inc. | 03/15/23 | (699715) |
| USD | 7123639 | GBP | 5863000 | State Street Bank and Trust Co. | 03/15/23 | (111123) |
|  |  |  |  |  |  | (2199854) |
|  |  |  |  |  |  | $(2111246) |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **BlackRock Short Maturity Bond ETF** |
| January 31, 2023 |  |

---

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments. 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 for identical assets or liabilities that each Fund has the ability to access;

● Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

● Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (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. There may not be a secondary market, and/or there are 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;Long-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | $— | $832608177 | $— | $832608177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Collaterized Mortgage Obligations |  | 248219503 |  | 248219503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial Paper |  | 55677770 |  | 55677770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds & Notes |  | 2540888370 |  | 2540888370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repurchase Agreements |  | 100000000 |  | 100000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Government & Agency Obligations |  | 202502345 |  | 202502345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-Term Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 157862786 |  |  | 157862786 |
|  | $157862786 | $3979896165 | $— | $4137758951 |
| Derivative Financial Instruments<sup>(a)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign Currency Exchange Contracts | $— | $88608 | $— | $88608 |
| &nbsp;&nbsp;&nbsp;Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign Currency Exchange Contracts |  | (2199854) |  | (2199854) |
|  | $— | $(2111246) | $— | (2111246) |

---

<sup>(a)</sup> Derivative financial instruments are forward foreign currency exchange contracts. Forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument.

**Portfolio Abbreviation**

CLO Collateralized Loan Obligation <br> LIBOR London Interbank Offered Rate <br> SOFR Secured Overnight Financing Rate

**Currency Abbreviations**

EUR Euro <br> GBP British Pound <br> USD United States Dollar

## 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:** BlackRock Short Maturity Bond ETF

- **b. EDGAR series identifier (if any):** S000037042

- **c. LEI of Series:** 549300BV2WH8444C2Y33

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $4250575138.27

**Total Liabilities:** $155605184.84

**Net Assets:** $4094969953.43

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 125477.94000000 | **1-Year:** 250395.98000000 | **5-Year:** 43850.31000000 | **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 C000113876 | 0.54%                | 0.51%                | 0.71%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1990906.91             | $20348897.43                               |
| Month 2  | $-1384443.83             | $13067599.07                               |
| Month 3  | $-633566.68              | $19610914.42                               |

**Designated Index Information**

- **Index Name:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

- **Index Identifier:** Fund`s Designated Reference Portfolio is the Fund`s Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VOLKSWAGEN GROUP AMERICA                        | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668BJ0<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  22000000 | PA      | $21229644.04  | 0.52%             | 2023-11-22      | Fixed         | 0.88%                 | No            |                  2 | On Loan: —       |
| NEXTERA ENERGY CAPITAL                          | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KBU3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |  23060000 | PA      | $22989773.08  | 0.56%             | 2023-03-01      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| Autoflorence                                    | Autoflorence 2 Srl                                                              | CUSIP: 000000000<br>LEI: 815600C91B7AF7C88210 | Long             | ABS-O            | CORP              | IT        |   9313043 | PA      | $10098016.61  | 0.25%             | 2044-12-24      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                      | Navient Private Education Refi Loan Trust 2020-H                                | CUSIP: 63942AAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5806933 | PA      | $5708109.02   | 0.14%             | 2069-04-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                        | Madison Park Funding XIII Ltd                                                   | CUSIP: 55818MBA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3386615 | PA      | $3365500.58   | 0.08%             | 2030-04-19      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co Inc                 | General Motors Financial Co Inc                                                 | CUSIP: 37046URD5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | STIV             | CORP              | US        |  12000000 | PA      | $11873040.00  | 0.29%             | 2023-04-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                            | Mercedes-Benz Finance North America LLC                                         | CUSIP: 233851DY7<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |  17650000 | PA      | $17594531.52  | 0.43%             | 2023-03-10      | Fixed         | 1.75%                 | No            |                  2 | On Loan: —       |
| Navient Student Loan Trust                      | Navient Private Education Loan Trust 2017-A                                     | CUSIP: 63939XAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    264597 | PA      | $264270.39    | 0.01%             | 2058-12-16      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                        | Baxter International Inc                                                        | CUSIP: 071813DB2<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |   5560000 | PA      | $5470982.68   | 0.13%             | 2024-11-29      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| CEDR TRUST                                      | CEDR Commercial Mortgage Trust 2022-SNAI                                        | CUSIP: 12524AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5410000 | PA      | $5038386.02   | 0.12%             | 2039-02-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                             | PFS Financing Corp                                                              | CUSIP: 69335PEH4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  22642000 | PA      | $22595470.69  | 0.55%             | 2026-02-15      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| Highbridge Loan Management Ltd                  | Highbridge Loan Management 3-2014                                               | CUSIP: 40436XAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    986276 | PA      | $981628.07    | 0.02%             | 2029-07-18      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                        | Thermo Fisher Scientific Inc                                                    | CUSIP: 883556CP5<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |  29391000 | PA      | $28557315.47  | 0.70%             | 2023-10-18      | Fixed         | 0.80%                 | No            |                  2 | On Loan: —       |
| MIZUHO FINANCIAL GROUP                          | Mizuho Financial Group Inc                                                      | CUSIP: 60687YAQ2<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   3000000 | PA      | $3001710.75   | 0.07%             | 2023-03-05      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Tagus STC/Ulisses Finance                       | TAGUS - Sociedade de Titularizacao de Creditos SA/Ulisses Finance No. 2         | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | PT        |  11006236 | PA      | $11957882.86  | 0.29%             | 2038-09-23      | Floating      | 2.69%                 | No            |                  2 | On Loan: No      |
| Signal Peak CLO, LLC                            | Mariner CLO 2016-3 LLC                                                          | CUSIP: 56845AAU2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    826061 | PA      | $818419.44    | 0.02%             | 2029-07-23      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                         | BDS 2021-FL9 Ltd                                                                | CUSIP: 05493NAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8750000 | PA      | $8443983.80   | 0.21%             | 2038-11-16      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| MARTIN MARIETTA MATERIAL                        | Martin Marietta Materials Inc                                                   | CUSIP: 573284AY2<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |   8568000 | PA      | $8393500.09   | 0.20%             | 2023-07-15      | Fixed         | 0.65%                 | No            |                  2 | On Loan: —       |
| DNB BANK ASA                                    | DNB Bank ASA                                                                    | CUSIP: 25601B2C8<br>LEI: 549300GKFG0RYRRQ1414 | Long             | DBT              | CORP              | NO        |  15000000 | PA      | $14959050.00  | 0.37%             | 2025-03-28      | Floating      | 5.15%                 | No            |                  2 | On Loan: —       |
| Satus PLC                                       | Satus 2021-1 PLC                                                                | CUSIP: 000000000<br>LEI: 6354009RPGD3VEUB2K73 | Long             | ABS-O            | CORP              | GB        |    384926 | PA      | $474783.20    | 0.01%             | 2028-08-17      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO 1 Ltd.                     | Diameter Capital Clo 1 Ltd                                                      | CUSIP: 25255DAA8<br>LEI: 25490018I1ROE4V49X69 | Long             | ABS-CBDO         | CORP              | KY        |   2170000 | PA      | $2138967.92   | 0.05%             | 2036-07-15      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                          | GE HealthCare Technologies Inc                                                  | CUSIP: 36267VAA1<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |  18705000 | PA      | $18864846.57  | 0.46%             | 2024-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                    | Enbridge Inc                                                                    | CUSIP: 29250NAF2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   5855000 | PA      | $5813747.54   | 0.14%             | 2023-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| AREIT CRE Trust                                 | AREIT 2022-CRE6 Trust                                                           | CUSIP: 04002VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   1849961 | PA      | $1777461.88   | 0.04%             | 2037-01-16      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                             | Southern California Edison Co                                                   | CUSIP: 842400GZ0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |  24603000 | PA      | $24453804.70  | 0.60%             | 2023-04-03      | Fixed         | 0.70%                 | No            |                  2 | On Loan: —       |
| Dowson                                          | Dowson 2022-1 PLC                                                               | CUSIP: 000000000<br>LEI: 213800CGWK1QL59QO504 | Long             | ABS-O            | CORP              | GB        |   2574503 | PA      | $3176675.94   | 0.08%             | 2029-01-20      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                    | Enbridge Inc                                                                    | CUSIP: 29250NBG9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   2718000 | PA      | $2637057.80   | 0.06%             | 2023-10-04      | Fixed         | 0.55%                 | No            |                  2 | On Loan: —       |
| Dowson                                          | Dowson 2021-2 PLC                                                               | CUSIP: 000000000<br>LEI: 213800OI5O7QF6XV6F68 | Long             | ABS-O            | CORP              | GB        |   3091390 | PA      | $3811181.01   | 0.09%             | 2028-10-20      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                     | OCP CLO 2017-13 Ltd                                                             | CUSIP: 67097LAH9<br>LEI: 254900M77QLN2EBJHE11 | Long             | ABS-CBDO         | CORP              | KY        |   3820000 | PA      | $3774199.73   | 0.09%             | 2030-07-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Dowson                                          | Dowson 2021-2 PLC                                                               | CUSIP: 000000000<br>LEI: 213800OI5O7QF6XV6F68 | Long             | ABS-O            | CORP              | GB        |   1600000 | PA      | $1959134.00   | 0.05%             | 2028-10-20      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                       | Anchorage Capital CLO 4-R Ltd                                                   | CUSIP: 03328LAA0<br>LEI: 549300MP4QPQUMB6AD63 | Long             | ABS-CBDO         | CORP              | KY        |   4401763 | PA      | $4366475.62   | 0.11%             | 2031-01-28      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                              | Banco Santander SA                                                              | CUSIP: 05971KAK5<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |  21200000 | PA      | $20758616.00  | 0.51%             | 2024-06-30      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                             | Sound Point Clo XV Ltd                                                          | CUSIP: 83609RAL5<br>LEI: 549300YVZ0M0XDDYS744 | Long             | ABS-CBDO         | CORP              | KY        |   1602905 | PA      | $1590340.99   | 0.04%             | 2029-01-23      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                           | Palmer Square CLO 2015-2 Ltd                                                    | CUSIP: 69689CAW6<br>LEI: 549300PACXK2KP6J2T91 | Long             | ABS-CBDO         | CORP              | KY        |   3464738 | PA      | $3444383.74   | 0.08%             | 2030-07-20      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Trust 2021-VIEW                                                              | CUSIP: 05606GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2070000 | PA      | $1979088.71   | 0.05%             | 2036-06-15      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                        | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14623000 | PA      | $14544404.59  | 0.36%             | 2023-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| INTL FLAVOR & FRAGRANCES                        | International Flavors & Fragrances Inc                                          | CUSIP: 459506AC5<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |   8768000 | PA      | $8726659.41   | 0.21%             | 2023-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: —       |
| AIG CLO LTD                                     | AIG CLO 2018-1 LLC                                                              | CUSIP: 00141UAC7<br>LEI: 549300BOP4S1F44PKE29 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $987500.00    | 0.02%             | 2032-04-20      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| VMWARE INC                                      | VMware Inc                                                                      | CUSIP: 928563AG0<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |  36411000 | PA      | $35583949.99  | 0.87%             | 2023-08-15      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                      | Humana Inc                                                                      | CUSIP: 444859BP6<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |  54360000 | PA      | $53156214.65  | 1.30%             | 2023-08-03      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| Banc of America Merrill Lynch Large Loan Inc    | BAMLL Commercial Mortgage Securities Trust 2018-DSNY                            | CUSIP: 054967AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19220000 | PA      | $19050789.04  | 0.47%             | 2034-09-15      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                | Bank of Montreal                                                                | CUSIP: 06368LAP1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   4000000 | PA      | $3961925.40   | 0.10%             | 2024-09-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| Palmer Square Loan Funding Ltd                  | Palmer Square Loan Funding 2022-5 Ltd                                           | CUSIP: 69702QAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4899746 | PA      | $4880364.63   | 0.12%             | 2031-01-15      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| BRASS PLC                                       | Brass No 11 PLC                                                                 | CUSIP: 000000000<br>LEI: 2138009D6SP6KCJ3K225 | Long             | ABS-MBS          | CORP              | GB        |   5719015 | PA      | $7095703.72   | 0.17%             | 2070-11-16      | Floating      | 3.99%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                            | Bank of America Corp                                                            | CUSIP: 06051GHF9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  29275000 | PA      | $29229573.69  | 0.71%             | 2024-03-05      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                | PURCHASED USD / SOLD EUR                                                        | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |         1 | NC      | $-1371827.93  | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Economic Master Issuer                          | Economic Master Issuer PLC                                                      | CUSIP: 000000000<br>LEI: 635400KXONN4J3OEOG29 | Long             | ABS-MBS          | CORP              | GB        |   2702000 | PA      | $3333491.22   | 0.08%             | 2074-06-25      | Floating      | 3.99%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                        | New York Life Global Funding                                                    | CUSIP: 64952WET6<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |  12605000 | PA      | $12341159.96  | 0.30%             | 2024-06-06      | Fixed         | 3.15%                 | No            |                  2 | On Loan: —       |
| Palmer Square CLO Ltd                           | Palmer Square CLO 2013-2 Ltd                                                    | CUSIP: 69688AAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1800000 | PA      | $1781967.06   | 0.04%             | 2031-10-17      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526CC1<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |  17000000 | PA      | $16641240.16  | 0.41%             | 2024-09-18      | Fixed         | 2.22%                 | No            |                  2 | On Loan: —       |
| NORDEA BANK ABP                                 | Nordea Bank Abp                                                                 | CUSIP: 65558RAB5<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |  19885000 | PA      | $19867186.62  | 0.49%             | 2025-06-06      | Floating      | 5.21%                 | No            |                  2 | On Loan: —       |
| MASSMUTUAL GLOBAL FUNDIN                        | MassMutual Global Funding II                                                    | CUSIP: 57629WDH0<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   3996000 | PA      | $4016799.18   | 0.10%             | 2025-03-21      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                  | Morgan Stanley Capital I Trust 2018-SUN                                         | CUSIP: 61691MAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19045000 | PA      | $18734863.60  | 0.46%             | 2035-07-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                          | SLM Private Credit Student Loan Trust 2004-B                                    | CUSIP: 78443CBN3<br>LEI: 549300HIOV1ESFZYQ040 | Long             | ABS-O            | CORP              | US        |   1453623 | PA      | $1450358.71   | 0.04%             | 2024-03-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                            | Bank of America Corp                                                            | CUSIP: 06051GHL6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9940042.90   | 0.24%             | 2024-07-23      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                   | PURCHASED EUR / SOLD USD                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | XX        |         1 | NC      | $33606.11     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                         | Nissan Motor Acceptance Co LLC                                                  | CUSIP: 654740BQ1<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |  12196000 | PA      | $11562380.97  | 0.28%             | 2024-03-08      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| Dowson                                          | Dowson 2022-2 PLC                                                               | CUSIP: 000000000<br>LEI: 2138007VE7NHNFWYH460 | Long             | ABS-O            | CORP              | GB        |   1158000 | PA      | $1439289.29   | 0.04%             | 2029-08-20      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                    | Ford Credit Auto Owner Trust 2022-B                                             | CUSIP: 34534LAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  24393087 | PA      | $24203867.22  | 0.59%             | 2025-02-15      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                               | L3Harris Technologies Inc                                                       | CUSIP: 502431AJ8<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |  14623000 | PA      | $14558506.72  | 0.36%             | 2023-06-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                   | PURCHASED USD / SOLD EUR                                                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $14057.88     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                        | Capital One Financial Corp                                                      | CUSIP: 14040HCL7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   8768000 | PA      | $8680626.88   | 0.21%             | 2024-12-06      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                | Carlyle Global Market Strategies CLO 2014-1 Ltd                                 | CUSIP: 14310MAW7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5234086 | PA      | $5131173.25   | 0.13%             | 2031-04-17      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                         | Kinder Morgan Energy Partners LP                                                | CUSIP: 28370TAG4<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |   4704000 | PA      | $4669526.83   | 0.11%             | 2024-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: —       |
| Dutch Property Finance                          | Dutch Property Finance 2022-1 BV                                                | CUSIP: 000000000<br>LEI: 724500CYSYRT8MQXXN91 | Long             | ABS-MBS          | CORP              | NL        |   7955662 | PA      | $8598204.90   | 0.21%             | 2059-10-28      | Floating      | 2.33%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                          | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KCF5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   6105000 | PA      | $6051265.80   | 0.15%             | 2024-06-20      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PBQ8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  32778000 | PA      | $32385876.46  | 0.79%             | 2024-06-01      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receivables Trust        | AmeriCredit Automobile Receivables Trust 2022-2                                 | CUSIP: 03065WAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7216781 | PA      | $7167119.18   | 0.18%             | 2025-12-18      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV                         | Fidelity National Information Services Inc                                      | CUSIP: 31620MBP0<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |  31126000 | PA      | $31026604.10  | 0.76%             | 2023-03-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                        | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BB9<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |   5855000 | PA      | $5758216.85   | 0.14%             | 2024-02-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| MTN Commercial Mortgage Trust 2022-LPFL         | MTN Commercial Mortgage Trust 2022-LPFL                                         | CUSIP: 62475WAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8930000 | PA      | $8704765.75   | 0.21%             | 2039-03-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                  | Starbucks Corp                                                                  | CUSIP: 855244BB4<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |   4130000 | PA      | $4119921.35   | 0.10%             | 2024-02-14      | Floating      | 4.55%                 | No            |                  2 | On Loan: —       |
| HSBC HOLDINGS PLC                               | HSBC Holdings PLC                                                               | CUSIP: 404280CZ0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   6570000 | PA      | $6465621.03   | 0.16%             | 2024-11-22      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PAP1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  47291000 | PA      | $47116201.59  | 1.15%             | 2024-04-23      | Fixed         | 3.56%                 | No            |                  2 | On Loan: —       |
| United States Treasury                          | United States Treasury Note/Bond                                                | CUSIP: 91282CDR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 210000000 | PA      | $202502344.80 | 4.95%             | 2023-12-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                        | Rogers Communications Inc                                                       | CUSIP: 775109CA7<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | CA        |  23418000 | PA      | $22487200.07  | 0.55%             | 2025-03-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                | Duke Energy Corp                                                                | CUSIP: 26441CBK0<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |  13067000 | PA      | $13053177.99  | 0.32%             | 2023-06-10      | Floating      | 4.54%                 | No            |                  2 | On Loan: —       |
| BMW US CAPITAL LLC                              | BMW US Capital LLC                                                              | CUSIP: 05565EBQ7<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |  11362000 | PA      | $10851170.62  | 0.26%             | 2024-04-01      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                          | Verizon Communications Inc                                                      | CUSIP: 92343VGD0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |  11454000 | PA      | $11429309.53  | 0.28%             | 2024-03-22      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| GILBERT PARK CLO LTD                            | Gilbert Park CLO Ltd                                                            | CUSIP: 375415AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $246145.00    | 0.01%             | 2030-10-15      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc                             | Gilead Sciences Inc                                                             | CUSIP: 375558AW3<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9871033.70   | 0.24%             | 2024-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust     | MF1 2022-FL8 Ltd                                                                | CUSIP: 55284JAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1860000 | PA      | $1808887.09   | 0.04%             | 2037-02-19      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                        | Madison Park Funding XXXVII Ltd                                                 | CUSIP: 55817EAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1726216.45   | 0.04%             | 2033-07-15      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                          | SLM Private Credit Student Loan Trust 2005-B                                    | CUSIP: 78443CCB8<br>LEI: 549300FE2YWO5PJ3Q820 | Long             | ABS-O            | CORP              | US        |   4621556 | PA      | $4400908.98   | 0.11%             | 2039-06-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                     | Oracle Corp                                                                     | CUSIP: 68389XAU9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   9768000 | PA      | $9571722.20   | 0.23%             | 2024-07-08      | Fixed         | 3.40%                 | No            |                  2 | On Loan: —       |
| Arbor Realty Collateralized Loan Obligation Ltd | Arbor Realty Commercial Real Estate Notes 2021-FL3 Ltd                          | CUSIP: 03880KAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  11000000 | PA      | $10652541.90  | 0.26%             | 2034-08-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                    | Credit Suisse Mortgage Capital Certificates 2019-ICE4                           | CUSIP: 12653VAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6033000 | PA      | $6006501.25   | 0.15%             | 2036-05-15      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Capital One Prime Auto Receivables Trust        | Capital One Prime Auto Receivables Trust 2022-1                                 | CUSIP: 14043QAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13062807 | PA      | $12902586.70  | 0.32%             | 2025-06-16      | Fixed         | 2.71%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                          | SLM Private Credit Student Loan Trust 2004-A                                    | CUSIP: 78443CBH6<br>LEI: 54930054KUX5HFXZUQ43 | Long             | ABS-O            | CORP              | US        |   2886579 | PA      | $2806356.80   | 0.07%             | 2033-06-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                     | Oracle Corp                                                                     | CUSIP: 68389XBR5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  20753000 | PA      | $20733976.56  | 0.51%             | 2023-02-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: —       |
| HSBC Holdings PLC                               | HSBC Holdings PLC                                                               | CUSIP: 404280CA5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  13000000 | PA      | $12992260.45  | 0.32%             | 2025-03-11      | Floating      | 5.97%                 | No            |                  2 | On Loan: —       |
| Dowson                                          | Dowson 2022-1 PLC                                                               | CUSIP: 000000000<br>LEI: 213800CGWK1QL59QO504 | Long             | ABS-O            | CORP              | GB        |    646000 | PA      | $793384.84    | 0.02%             | 2029-01-20      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                                    | 7-Eleven Inc                                                                    | CUSIP: 817826AB6<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |  28875000 | PA      | $27607312.43  | 0.67%             | 2024-02-10      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| ANALOG DEVICES INC                              | Analog Devices Inc                                                              | CUSIP: 032654AT2<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |   5025000 | PA      | $4963569.78   | 0.12%             | 2024-10-01      | Floating      | 4.57%                 | No            |                  2 | On Loan: —       |
| TOYOTA MOTOR CREDIT CORP                        | Toyota Motor Credit Corp                                                        | CUSIP: 89236TKG9<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   7125000 | PA      | $7090999.79   | 0.17%             | 2024-09-20      | Fixed         | 4.40%                 | No            |                  2 | On Loan: —       |
| Galaxy CLO Ltd                                  | Galaxy XXVII CLO Ltd                                                            | CUSIP: 36320UAC4<br>LEI: 549300GJYHKO4BDEN716 | Long             | ABS-CBDO         | CORP              | KY        |   2730000 | PA      | $2694654.96   | 0.07%             | 2031-05-16      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                         | Dryden 77 CLO Ltd                                                               | CUSIP: 26252VAQ4<br>LEI: 254900XGNUOV0Y3IBA68 | Long             | ABS-CBDO         | CORP              | KY        |    218750 | PA      | $217565.86    | 0.01%             | 2034-05-20      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                          | Mitsubishi UFJ Financial Group Inc                                              | CUSIP: 606822CJ1<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |  19100000 | PA      | $19187841.09  | 0.47%             | 2025-07-18      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                         | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141EB81<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  12060000 | PA      | $12186601.18  | 0.30%             | 2023-11-29      | Floating      | 6.33%                 | No            |                  2 | On Loan: —       |
| STELLANTIS NV                                   | Stellantis NV                                                                   | CUSIP: 31562QAF4<br>LEI: 549300LKT9PW7ZIBDF31 | Long             | DBT              | CORP              | NL        |   9400000 | PA      | $9379602.00   | 0.23%             | 2023-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC     | BBCMS 2018-TALL Mortgage Trust                                                  | CUSIP: 05548WAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8630000 | PA      | $8016236.13   | 0.20%             | 2037-03-15      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| TCI-Symphony CLO                                | TCI-Symphony CLO 2017-1 Ltd                                                     | CUSIP: 87232BAF9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7765341 | PA      | $7679947.19   | 0.19%             | 2030-07-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                  | Morgan Stanley Capital I Trust 2018-BOP                                         | CUSIP: 61768FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4329871 | PA      | $4120498.38   | 0.10%             | 2033-08-15      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| KREF 2022-Fl3 Ltd                               | KREF 2022-FL3 Ltd                                                               | CUSIP: 48275EAA4<br>LEI: 549300DG0FGL1EU1CT79 | Long             | ABS-CBDO         | CORP              | KY        |   5360000 | PA      | $5222835.13   | 0.13%             | 2039-02-17      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| Hops Hill                                       | Hops Hill No 1 Plc                                                              | CUSIP: 000000000<br>LEI: 2138006I4BQOMLUWZ843 | Long             | ABS-MBS          | CORP              | GB        |   2890500 | PA      | $3554660.97   | 0.09%             | 2054-05-27      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                       | College Ave Student Loans 2021-A LLC                                            | CUSIP: 19424KAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    206538 | PA      | $201222.86    | 0.00%             | 2051-07-25      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                           | Palmer Square CLO 2021-3 Ltd                                                    | CUSIP: 69688FAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $490416.30    | 0.01%             | 2035-01-15      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFIN CORP                            | Parker-Hannifin Corp                                                            | CUSIP: 701094AQ7<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |  21849000 | PA      | $21481394.29  | 0.52%             | 2024-06-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Commercial Mortgage Trust 2021-XL2                                           | CUSIP: 05609KAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9063273 | PA      | $8810881.07   | 0.22%             | 2038-10-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                                  | Pikes Peak CLO 1                                                                | CUSIP: 721327AA2<br>LEI: 549300IOF5UIE4PES702 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1480687.05   | 0.04%             | 2031-07-24      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                | SMB Private Education Loan Trust 2022-D                                         | CUSIP: 78454XAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20239874 | PA      | $20149074.38  | 0.49%             | 2058-10-15      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                              | Energy Transfer LP                                                              | CUSIP: 29278NAL7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   6405000 | PA      | $6400004.10   | 0.16%             | 2023-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                        | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BQ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9768000 | PA      | $9673811.18   | 0.24%             | 2024-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                | CIFC Funding 2014-II-R Ltd                                                      | CUSIP: 12548RAB0<br>LEI: 549300O8WGQU5B6HEB94 | Long             | ABS-CBDO         | CORP              | KY        |    233169 | PA      | $231653.01    | 0.01%             | 2030-04-24      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                         | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7043000 | PA      | $7051547.88   | 0.17%             | 2023-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                  | Hyundai Auto Receivables Trust 2022-C                                           | CUSIP: 44933DAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16463000 | PA      | $16505143.63  | 0.40%             | 2025-11-17      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| BlackRock Funds III                             | BlackRock Cash Funds: Institutional, SL Agency Shares                           | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  73889427 | NS      | $73933760.36  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                             | Gilead Sciences Inc                                                             | CUSIP: 375558BL6<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3942830.20   | 0.10%             | 2023-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: —       |
| Extended Stay America Trust                     | Extended Stay America Trust 2021-ESH                                            | CUSIP: 30227FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6081678 | PA      | $5994579.40   | 0.15%             | 2038-07-15      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Atrium CDO Corp                                 | Atrium XIII                                                                     | CUSIP: 04966HAA4<br>LEI: 549300BF3YFW8EHN6F75 | Long             | ABS-CBDO         | CORP              | KY        |   2487856 | PA      | $2477540.23   | 0.06%             | 2030-11-21      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Dutch Property Finance                          | Dutch Property Finance 2021-2 BV                                                | CUSIP: 000000000<br>LEI: 724500HXDVQPC2FOAA29 | Long             | ABS-MBS          | CORP              | NL        |   5311013 | PA      | $5725020.30   | 0.14%             | 2059-04-28      | Floating      | 3.17%                 | No            |                  2 | On Loan: No      |
| General Mills Inc                               | General Mills Inc                                                               | CUSIP: 370334CC6<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |   2609000 | PA      | $2619925.66   | 0.06%             | 2023-10-17      | Floating      | 5.84%                 | No            |                  2 | On Loan: —       |
| Fiserv Inc                                      | Fiserv Inc                                                                      | CUSIP: 337738AQ1<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |  15162000 | PA      | $15039571.10  | 0.37%             | 2023-10-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: —       |
| AVERY DENNISON CORP                             | Avery Dennison Corp                                                             | CUSIP: 053611AL3<br>LEI: 549300PW7VPFCYKLIV37 | Long             | DBT              | CORP              | US        |  10440000 | PA      | $9815685.39   | 0.24%             | 2024-08-15      | Fixed         | 0.85%                 | No            |                  2 | On Loan: —       |
| Morgan Stanley                                  | Morgan Stanley                                                                  | CUSIP: 61746BDJ2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24975737.00  | 0.61%             | 2023-02-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| Cedar Funding Ltd                               | Cedar Funding IX CLO Ltd                                                        | CUSIP: 15033EAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2130000 | PA      | $2110919.03   | 0.05%             | 2031-04-20      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                    | Enbridge Inc                                                                    | CUSIP: 29250NBD6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   3130000 | PA      | $3129862.28   | 0.08%             | 2023-02-17      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                              | BMW US Capital LLC                                                              | CUSIP: 05565EBV6<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |  20971000 | PA      | $20824263.19  | 0.51%             | 2024-08-12      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust           | GM Financial Automobile Leasing Trust 2022-2                                    | CUSIP: 36266FAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15323710 | PA      | $15135737.07  | 0.37%             | 2024-10-21      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| American Express Co                             | American Express Co                                                             | CUSIP: 025816CC1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  34001000 | PA      | $33466108.51  | 0.82%             | 2024-02-22      | Fixed         | 3.40%                 | No            |                  2 | On Loan: —       |
| Southwick Park CLO, Ltd.                        | Southwick Park CLO LLC                                                          | CUSIP: 846031AN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8760000 | PA      | $8654880.00   | 0.21%             | 2032-07-20      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Signal Peak CLO, LLC                            | Signal Peak CLO 2 LLC                                                           | CUSIP: 56844XBG3<br>LEI: 549300SC4HK60KIV1S28 | Long             | ABS-CBDO         | CORP              | US        |   1144910 | PA      | $1131931.67   | 0.03%             | 2029-04-20      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                           | Toronto-Dominion Bank/The                                                       | CUSIP: 89115A2J0<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  19837000 | PA      | $19674574.05  | 0.48%             | 2024-09-13      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                    | Enbridge Inc                                                                    | CUSIP: 29250NBK0<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   6675000 | PA      | $6477012.29   | 0.16%             | 2024-02-16      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                              | Banco Santander SA                                                              | CUSIP: 05964HAG0<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   9291000 | PA      | $9260817.72   | 0.23%             | 2023-04-12      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| CARLISLE COS INC                                | Carlisle Cos Inc                                                                | CUSIP: 142339AK6<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |   8187000 | PA      | $7974375.75   | 0.19%             | 2023-09-01      | Fixed         | 0.55%                 | No            |                  2 | On Loan: —       |
| Vita Scientia                                   | Vita Scientia 2022-1 DAC                                                        | CUSIP: 000000000<br>LEI: 635400JHBEHLCY2DZM20 | Long             | ABS-MBS          | CORP              | IE        |   9031003 | PA      | $9316168.45   | 0.23%             | 2033-02-27      | Floating      | 3.22%                 | No            |                  2 | On Loan: No      |
| Elvet Mortgages PLC                             | Elvet Mortgages 2021-1 PLC                                                      | CUSIP: 000000000<br>LEI: 213800UVYZENN9GHST55 | Long             | ABS-MBS          | CORP              | GB        |   7636004 | PA      | $9350216.78   | 0.23%             | 2063-10-22      | Floating      | 3.81%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                         | Metropolitan Life Global Funding I                                              | CUSIP: 59217GEX3<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   8745000 | PA      | $8783911.84   | 0.21%             | 2025-03-21      | Floating      | 5.23%                 | No            |                  2 | On Loan: —       |
| 7-ELEVEN INC                                    | 7-Eleven Inc                                                                    | CUSIP: 817826AA8<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |  40909000 | PA      | $40866045.55  | 1.00%             | 2023-02-10      | Fixed         | 0.63%                 | No            |                  2 | On Loan: —       |
| SILVERSTONE MASTER ISSUER                       | Silverstone Master Issuer PLC                                                   | CUSIP: 000000000<br>LEI: 549300P6OXWKM20QS303 | Long             | ABS-MBS          | CORP              | GB        |   3485000 | PA      | $4258349.33   | 0.10%             | 2070-01-21      | Floating      | 3.73%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                        | Toyota Motor Credit Corp                                                        | CUSIP: 89236TKB0<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  14623000 | PA      | $14646734.01  | 0.36%             | 2023-12-29      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                              | Energy Transfer LP                                                              | CUSIP: 29273RAS8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   6400000 | PA      | $6400000.00   | 0.16%             | 2023-02-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Satus PLC                                       | Satus 2021-1 PLC                                                                | CUSIP: 000000000<br>LEI: 6354009RPGD3VEUB2K73 | Long             | ABS-O            | CORP              | GB        |    400000 | PA      | $488437.72    | 0.01%             | 2028-08-17      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| CIGNA CORP                                      | Cigna Corp                                                                      | CUSIP: 125523BV1<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   9768000 | PA      | $9681115.98   | 0.24%             | 2023-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: —       |
| NATIONAL BANK OF CANADA                         | National Bank of Canada                                                         | CUSIP: 63307A2Q7<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   8695000 | PA      | $8666828.20   | 0.21%             | 2024-08-06      | Floating      | 4.58%                 | No            |                  2 | On Loan: —       |
| AREIT CRE Trust                                 | AREIT 2019-CRE3 Trust                                                           | CUSIP: 00217LAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1407707 | PA      | $1382855.00   | 0.03%             | 2036-09-14      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                         | Kinder Morgan Energy Partners LP                                                | CUSIP: 494550BQ8<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |  19598000 | PA      | $19465060.49  | 0.48%             | 2023-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| ATMOS ENERGY CORP                               | Atmos Energy Corp                                                               | CUSIP: 049560AU9<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |   7875000 | PA      | $7842451.13   | 0.19%             | 2023-03-09      | Fixed         | 0.63%                 | No            |                  2 | On Loan: —       |
| Galaxy CLO Ltd                                  | Galaxy XV CLO Ltd                                                               | CUSIP: 36318WAK6<br>LEI: 549300MJK1HWQWCLYA68 | Long             | ABS-CBDO         | CORP              | KY        |    661079 | PA      | $650481.36    | 0.02%             | 2030-10-15      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                  | Morgan Stanley                                                                  | CUSIP: 6174468T9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   5355000 | PA      | $5352376.05   | 0.13%             | 2023-11-10      | Variable      | 4.60%                 | No            |                  2 | On Loan: —       |
| AVIATION CAPITAL GROUP                          | Aviation Capital Group LLC                                                      | CUSIP: 05369AAC5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |  18935000 | PA      | $18821173.19  | 0.46%             | 2023-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PCL Funding VI                                  | PCL Funding VI PLC                                                              | CUSIP: 000000000<br>LEI: 2138006FCLFMJB4BIF31 | Long             | ABS-O            | CORP              | GB        |   6611000 | PA      | $8165853.89   | 0.20%             | 2026-07-15      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Lease Trust                         | Nissan Auto Lease Trust 2022-A                                                  | CUSIP: 65480LAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12908210 | PA      | $12799878.94  | 0.31%             | 2024-08-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                          | Canadian Imperial Bank of Commerce                                              | CUSIP: 13607HVC3<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  25740000 | PA      | $25307518.58  | 0.62%             | 2023-06-22      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                       | Chesapeake Funding II LLC                                                       | CUSIP: 165183CK8<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   4590320 | PA      | $4588815.38   | 0.11%             | 2032-08-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                     | Oracle Corp                                                                     | CUSIP: 68389XBL8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  22420000 | PA      | $22061831.08  | 0.54%             | 2023-09-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: —       |
| Ally Auto Receivables Trust                     | Ally Auto Receivables Trust 2022-1                                              | CUSIP: 02008JAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15413149 | PA      | $15282004.77  | 0.37%             | 2025-04-15      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| JM SMUCKER CO                                   | J M Smucker Co/The                                                              | CUSIP: 832696AK4<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |  10239000 | PA      | $9961610.44   | 0.24%             | 2025-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| GOLDMAN SACHS & CO LLC                          | TRI PARTY GOLDMAN SACHS                                                         | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | Long             | RA               | CORP              | US        | 100000000 | PA      | $100000000.00 | 2.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                    | Voya CLO 2019-1 Ltd                                                             | CUSIP: 92917NAJ7<br>LEI: 549300KSCKXTOBY0IP86 | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1239213.63   | 0.03%             | 2031-04-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                      | Navient Private Education Refi Loan Trust 2021-D                                | CUSIP: 63942CAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6926155 | PA      | $6441972.81   | 0.16%             | 2060-04-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| ENRGY TRANS LP/REG FIN                          | Energy Transfer LP / Regency Energy Finance Corp                                | CUSIP: 75886AAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18836000 | PA      | $18739529.73  | 0.46%             | 2023-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| Madison Park Funding Ltd                        | Madison Park Funding XXIII Ltd                                                  | CUSIP: 55820TAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  13200000 | PA      | $13109830.80  | 0.32%             | 2031-07-27      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                        | Canadian Pacific Railway Co                                                     | CUSIP: 13645RBD5<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |   7797000 | PA      | $7327098.28   | 0.18%             | 2024-12-02      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                             | Synchrony Financial                                                             | CUSIP: 87165BAD5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   3163000 | PA      | $3103291.54   | 0.08%             | 2024-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| AT&T INC                                        | AT&T Inc                                                                        | CUSIP: 00206RMH2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |  21449000 | PA      | $21450051.00  | 0.52%             | 2024-03-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                            | Mercedes-Benz Finance North America LLC                                         | CUSIP: 233851EB6<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |  21485000 | PA      | $20531903.49  | 0.50%             | 2024-03-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: —       |
| THERMO FISHER SCIENTIFIC                        | Thermo Fisher Scientific Inc                                                    | CUSIP: 883556CQ3<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |  11719000 | PA      | $11688985.18  | 0.29%             | 2024-10-18      | Floating      | 4.85%                 | No            |                  2 | On Loan: —       |
| HSBC Holdings PLC                               | HSBC Holdings PLC                                                               | CUSIP: 404280BA6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  10000000 | PA      | $9958462.00   | 0.24%             | 2023-05-25      | Fixed         | 3.60%                 | No            |                  2 | On Loan: —       |
| Ryder System Inc                                | Ryder System Inc                                                                | CUSIP: 78355HKK4<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |   4884000 | PA      | $4839765.71   | 0.12%             | 2023-12-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| NELNET STUDENT LOAN TRUST                       | Nelnet Student Loan Trust 2021-C                                                | CUSIP: 64035GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5262301 | PA      | $5147456.10   | 0.13%             | 2062-04-20      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Verizon Owner Trust                             | Verizon Owner Trust 2020-A                                                      | CUSIP: 92348TAB0<br>LEI: 549300XY7L2MRX0BQH89 | Long             | ABS-O            | CORP              | US        |   1002680 | PA      | $1002489.19   | 0.02%             | 2024-07-22      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                        | Toyota Motor Credit Corp                                                        | CUSIP: 89236TKP9<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  19507000 | PA      | $19521279.12  | 0.48%             | 2025-01-10      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                | Symphony CLO XVI Ltd                                                            | CUSIP: 87165VAF6<br>LEI: 5493004PWOYFPAFQVT02 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $493125.00    | 0.01%             | 2031-10-15      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                 | Benefit Street Partners CLO III Ltd                                             | CUSIP: 08180EBJ2<br>LEI: 549300Y1V90IQ456QX97 | Long             | ABS-CBDO         | CORP              | KY        |    211404 | PA      | $210218.86    | 0.01%             | 2029-07-20      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                               | HSBC Holdings PLC                                                               | CUSIP: 404280CU1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  13500000 | PA      | $13138263.45  | 0.32%             | 2024-08-17      | Fixed         | 0.73%                 | No            |                  2 | On Loan: —       |
| GOLDMAN SACHS GROUP INC                         | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GXY5<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  24391000 | PA      | $24285151.84  | 0.59%             | 2023-03-08      | Fixed         | 0.52%                 | No            |                  2 | On Loan: —       |
| SLM Student Loan Trust                          | SLM Private Credit Student Loan Trust 2006-A                                    | CUSIP: 78443CCL6<br>LEI: 549300I2YWZ9E1B0EY33 | Long             | ABS-O            | CORP              | US        |  10449206 | PA      | $9846791.29   | 0.24%             | 2039-06-15      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                         | BPCE SA                                                                         | CUSIP: 05578AAW8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   3110000 | PA      | $3071404.90   | 0.08%             | 2025-01-14      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                          | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KBV1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   5580000 | PA      | $5580158.70   | 0.14%             | 2023-03-01      | Floating      | 4.78%                 | No            |                  2 | On Loan: —       |
| BX Trust                                        | BX Trust 2021-ARIA                                                              | CUSIP: 05608RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8520000 | PA      | $8246112.67   | 0.20%             | 2036-10-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                   | PURCHASED USD / SOLD GBP                                                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $7160.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CBAM CLO Management                             | Cbam 2018-7 Ltd                                                                 | CUSIP: 12482JAA8<br>LEI: 2549002XHTMWO4GGPF51 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $739404.60    | 0.02%             | 2031-07-20      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners XVII LTD            | Octagon Investment Partners XVII Ltd                                            | CUSIP: 67590GBG3<br>LEI: 54930007Y57X4ONHQV20 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2975589.00   | 0.07%             | 2031-01-25      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                             | Dominion Energy Inc                                                             | CUSIP: 25746UDH9<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   9873000 | PA      | $9885134.11   | 0.24%             | 2023-09-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                       | Nelnet Student Loan Trust 2021-D                                                | CUSIP: 64034YAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2780927 | PA      | $2715718.04   | 0.07%             | 2062-04-20      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust           | Westlake Automobile Receivables Trust 2021-1                                    | CUSIP: 96043FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    520464 | PA      | $519499.41    | 0.01%             | 2024-10-15      | Fixed         | 0.39%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                          | SLM Private Credit Student Loan Trust 2005-A                                    | CUSIP: 78443CBV5<br>LEI: 549300ZTEFT8CS12SF95 | Long             | ABS-O            | CORP              | US        |   6540790 | PA      | $6255012.14   | 0.15%             | 2038-12-15      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| TCI-Symphony CLO                                | TCI-Symphony CLO 2016-1 Ltd                                                     | CUSIP: 87229WAQ4<br>LEI: 5493005WLG3H3B8NI222 | Long             | ABS-CBDO         | CORP              | KY        |   5235000 | PA      | $5164327.50   | 0.13%             | 2032-10-13      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| Silver Creek CLO                                | Silver Creek CLO Ltd                                                            | CUSIP: 827551AL6<br>LEI: 549300LSJSAR2PPV4U78 | Long             | ABS-CBDO         | CORP              | KY        |   5499955 | PA      | $5440229.39   | 0.13%             | 2030-07-20      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                | SMB Private Education Loan Trust 2019-B                                         | CUSIP: 83192CAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2314022 | PA      | $2270720.08   | 0.06%             | 2037-06-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| DBGS Mortgage Trust                             | DBGS 2018-5BP Mortgage Trust                                                    | CUSIP: 33830CAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4200000 | PA      | $4042036.32   | 0.10%             | 2033-06-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                        | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599AY0<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |   9768000 | PA      | $9743914.46   | 0.24%             | 2023-03-14      | Fixed         | 2.70%                 | No            |                  2 | On Loan: —       |
| HGI CRE CLO Ltd                                 | HGI CRE CLO 2021-FL2 Ltd                                                        | CUSIP: 40390JAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5380000 | PA      | $5188559.16   | 0.13%             | 2036-09-17      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| VOYA CLO LTD                                    | Voya 2012-4 Ltd                                                                 | CUSIP: 92916GBE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  12628807 | PA      | $12530952.36  | 0.31%             | 2030-10-15      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2019-XL            | BX Commercial Mortgage Trust 2019-XL                                            | CUSIP: 056054AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5377751 | PA      | $5354276.28   | 0.13%             | 2036-10-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| MP Clo VII, LTD                                 | ACAS CLO 2015-1 Ltd                                                             | CUSIP: 55320RAQ0<br>LEI: 5493005EOEZ6JX072G15 | Long             | ABS-CBDO         | CORP              | KY        |   1509764 | PA      | $1487425.06   | 0.04%             | 2028-10-18      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust          | Santander Drive Auto Receivables Trust 2022-4                                   | CUSIP: 80286FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5866176 | PA      | $5850152.52   | 0.14%             | 2025-07-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                        | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAT2<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |  35000000 | PA      | $33967495.80  | 0.83%             | 2023-10-29      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                  | Air Lease Corp                                                                  | CUSIP: 00914AAP7<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   3238000 | PA      | $3016854.77   | 0.07%             | 2024-08-18      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| 280 Park Avenue Mortgage Trust                  | 280 Park Avenue 2017-280P Mortgage Trust                                        | CUSIP: 90205FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12100000 | PA      | $11856719.82  | 0.29%             | 2034-09-15      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                        | Capital One Financial Corp                                                      | CUSIP: 14040HCR4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  21415000 | PA      | $21287333.84  | 0.52%             | 2025-05-09      | Floating      | 5.48%                 | No            |                  2 | On Loan: —       |
| ENERGY TRANSFER LP                              | Energy Transfer LP                                                              | CUSIP: 29278NAM5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   9768000 | PA      | $9810795.46   | 0.24%             | 2024-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| AMERICAN EXPRESS CO                             | American Express Co                                                             | CUSIP: 025816CV9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  14797000 | PA      | $14542321.29  | 0.36%             | 2024-05-03      | Fixed         | 3.38%                 | No            |                  2 | On Loan: —       |
| Wellfleet CLO Ltd                               | Wellfleet CLO 2016-1 Ltd                                                        | CUSIP: 94949RAS6<br>LEI: 254900N8RLNFSYP97206 | Long             | ABS-CBDO         | CORP              | KY        |    629557 | PA      | $623185.08    | 0.02%             | 2028-04-20      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                      | Navient Private Education Refi Loan Trust 2021-B                                | CUSIP: 63942LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5720266 | PA      | $4997371.39   | 0.12%             | 2069-07-15      | Fixed         | 0.94%                 | No            |                  2 | On Loan: No      |
| PCL Funding V                                   | PCL Funding V PLC                                                               | CUSIP: 000000000<br>LEI: 213800W4RB7WI93HXU64 | Long             | ABS-O            | CORP              | GB        |   3000000 | PA      | $3694287.84   | 0.09%             | 2025-10-15      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                          | Daimler Truck Finance North America LLC                                         | CUSIP: 233853AN0<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   8695000 | PA      | $8739916.54   | 0.21%             | 2025-01-17      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                             | American Express Co                                                             | CUSIP: 025816CJ6<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   6765000 | PA      | $6755898.71   | 0.16%             | 2023-11-03      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| Friary                                          | Friary No 7 PLC                                                                 | CUSIP: 000000000<br>LEI: 2138001AYIWOIRA1D327 | Long             | ABS-MBS          | CORP              | GB        |   1419501 | PA      | $1752743.79   | 0.04%             | 2070-10-21      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                          | Mizuho Financial Group Inc                                                      | CUSIP: 60687YBC2<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |  10000000 | PA      | $9985811.60   | 0.24%             | 2024-05-25      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                    | VOYA CLO 2017-2                                                                 | CUSIP: 92915UAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4770519 | PA      | $4737923.36   | 0.12%             | 2030-06-07      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Owner Trust                         | BMW Vehicle Owner Trust 2022-A                                                  | CUSIP: 05602RAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10699554 | PA      | $10701124.84  | 0.26%             | 2024-12-26      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                        | Sumitomo Mitsui Financial Group Inc                                             | CUSIP: 86562MBE9<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   3130000 | PA      | $3136542.36   | 0.08%             | 2023-10-16      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK                        | Huntington National Bank/The                                                    | CUSIP: 44644MAE1<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |  22900000 | PA      | $22823215.61  | 0.56%             | 2025-05-16      | Floating      | 5.35%                 | No            |                  2 | On Loan: —       |
| Bain Capital Credit CLO, Limited                | Bain Capital Credit CLO 2017-1 Ltd                                              | CUSIP: 05682QAQ9<br>LEI: 549300GUKNMHLHIJO049 | Long             | ABS-CBDO         | CORP              | KY        |   2904408 | PA      | $2879238.24   | 0.07%             | 2030-07-20      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                        | Madison Park Funding XXVI Ltd                                                   | CUSIP: 55819YAA8<br>LEI: 549300FNRP3W5DX0O430 | Long             | ABS-CBDO         | CORP              | KY        |   4855935 | PA      | $4822960.79   | 0.12%             | 2030-07-29      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| UBS AG LONDON                                   | UBS AG/London                                                                   | CUSIP: 902674YL8<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |  15725000 | PA      | $15705642.53  | 0.38%             | 2024-08-09      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                    | Barclays PLC                                                                    | CUSIP: 06738EBC8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  41000000 | PA      | $41069454.00  | 1.00%             | 2024-05-16      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| HSBC USA Inc                                    | HSBC USA Inc                                                                    | CUSIP: 40434RVP4<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |  10000000 | PA      | $9711113.30   | 0.24%             | 2023-08-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust   | J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-ACB                 | CUSIP: 46593EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5540000 | PA      | $5415208.18   | 0.13%             | 2039-03-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Shackleton CLO LTD                              | Shackleton 2015-VII-R CLO Ltd                                                   | CUSIP: 81883AAL3<br>LEI: 549300NCJRO2LKFZ8G86 | Long             | ABS-CBDO         | CORP              | KY        |   2750000 | PA      | $2709392.68   | 0.07%             | 2031-07-15      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust              | Honda Auto Receivables 2022-2 Owner Trust                                       | CUSIP: 43815PAB5<br>LEI: 549300O8F12G9LCGR139 | Long             | ABS-O            | CORP              | US        |  12396000 | PA      | $12283511.26  | 0.30%             | 2025-03-18      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                   | PURCHASED GBP / SOLD USD                                                        | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | GB        |         1 | NC      | $-17187.80    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                        | Neuberger Berman CLO XIV Ltd                                                    | CUSIP: 64129JBE9<br>LEI: 549300Z5ZNFT7IECFZ07 | Long             | ABS-CBDO         | CORP              | KY        |    479454 | PA      | $476473.41    | 0.01%             | 2030-01-28      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                        | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BP8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17205000 | PA      | $17332579.72  | 0.42%             | 2024-02-01      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                             | NatWest Markets PLC                                                             | CUSIP: 63906YAG3<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |  10000000 | PA      | $9654853.50   | 0.24%             | 2025-03-22      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                | CIFC Funding 2018-I Ltd                                                         | CUSIP: 12551RAA6<br>LEI: 635400VBVF8AYJQBI411 | Long             | ABS-CBDO         | CORP              | KY        |  13000000 | PA      | $12888592.60  | 0.31%             | 2031-04-18      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Red & Black Auto Italy                          | Red & Black Auto Italy Srl                                                      | CUSIP: 000000000<br>LEI: 8156003B1C9DCDE30892 | Long             | ABS-O            | CORP              | IT        |  11348429 | PA      | $12323553.55  | 0.30%             | 2031-12-28      | Floating      | 2.78%                 | No            |                  2 | On Loan: No      |
| TAKEDA PHARMACEUTICAL                           | Takeda Pharmaceutical Co Ltd                                                    | CUSIP: 874060AT3<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |   6662000 | PA      | $6635683.10   | 0.16%             | 2023-11-26      | Fixed         | 4.40%                 | No            |                  2 | On Loan: —       |
| MF1 Multifamily Housing Mortgage Loan Trust     | MF1 2021-FL6 Ltd                                                                | CUSIP: 55283TAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4520000 | PA      | $4392997.49   | 0.11%             | 2036-07-16      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Ryder System Inc                                | Ryder System Inc                                                                | CUSIP: 78355HKL2<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |  17115000 | PA      | $16814559.18  | 0.41%             | 2024-03-18      | Fixed         | 3.65%                 | No            |                  2 | On Loan: —       |
| Citibank Credit Card Issuance Trust             | Citibank Credit Card Issuance Trust                                             | CUSIP: 17305EGD1<br>LEI: R8AG6FXVDQAMDKCSJJ64 | Long             | ABS-O            | CORP              | US        |  40505000 | PA      | $40622464.50  | 0.99%             | 2026-04-22      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                               | Generate CLO 2 Ltd                                                              | CUSIP: 98625TAJ4<br>LEI: 5493009C48K5WG4EX118 | Long             | ABS-CBDO         | CORP              | KY        |   1605000 | PA      | $1588309.77   | 0.04%             | 2031-01-22      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust     | MF1 2021-W10X                                                                   | CUSIP: 55284DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1230000 | PA      | $1178732.86   | 0.03%             | 2034-12-15      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                           | KKR CLO 21 Ltd                                                                  | CUSIP: 48252KAA7<br>LEI: 5493008X0MRR4A6VYF15 | Long             | ABS-CBDO         | CORP              | KY        |   5590000 | PA      | $5537303.07   | 0.14%             | 2031-04-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust             | Toyota Auto Receivables 2022-D Owner Trust                                      | CUSIP: 89239HAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12000000 | PA      | $12021584.40  | 0.29%             | 2026-01-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                          | American Honda Finance Corp                                                     | CUSIP: 02665WDK4<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   9768000 | PA      | $9602836.80   | 0.23%             | 2023-07-07      | Fixed         | 0.88%                 | No            |                  2 | On Loan: —       |
| General Mills Inc                               | General Mills Inc                                                               | CUSIP: 370334BT0<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |  23585000 | PA      | $23268850.39  | 0.57%             | 2024-02-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: —       |
| KEURIG DR PEPPER INC                            | Keurig Dr Pepper Inc                                                            | CUSIP: 49271VAL4<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |  20969000 | PA      | $20035364.50  | 0.49%             | 2024-03-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                         | Hyundai Capital America                                                         | CUSIP: 44891ABY2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  26363000 | PA      | $24623948.36  | 0.60%             | 2024-09-17      | Fixed         | 1.00%                 | No            |                  2 | On Loan: —       |
| PHILLIPS 66                                     | Phillips 66                                                                     | CUSIP: 718546AY0<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |  18066000 | PA      | $17316843.81  | 0.42%             | 2024-02-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: —       |
| Synchrony Financial                             | Synchrony Financial                                                             | CUSIP: 87165BAN3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   6105000 | PA      | $6038130.04   | 0.15%             | 2024-03-19      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| BROADCOM INC                                    | Broadcom Inc                                                                    | CUSIP: 11135FAY7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   4884000 | PA      | $4785236.05   | 0.12%             | 2024-10-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust                     | Volkswagen Auto Lease Trust 2022-A                                              | CUSIP: 92868AAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18262065 | PA      | $18024499.76  | 0.44%             | 2024-10-21      | Fixed         | 3.02%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust   | BHG Securitization Trust 2022-B                                                 | CUSIP: 05553DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1061300 | PA      | $1044761.73   | 0.03%             | 2035-06-18      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Enel Finance America LLC                        | Enel Finance America LLC                                                        | CUSIP: 29279HW68<br>LEI: 549300EGNLVUJX1DEC60 | Long             | STIV             | CORP              | US        |  15000000 | PA      | $14459632.50  | 0.35%             | 2023-09-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                | Bank of Montreal                                                                | CUSIP: 06368D3T9<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  19130000 | PA      | $19171665.91  | 0.47%             | 2025-06-07      | Floating      | 5.33%                 | No            |                  2 | On Loan: —       |
| Hyundai Auto Lease Securitization Trust         | Hyundai Auto Lease Securitization Trust 2022-B                                  | CUSIP: 44934LAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  19962367 | PA      | $19963271.38  | 0.49%             | 2024-10-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                            | Bank of America Corp                                                            | CUSIP: 06051GLA5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  19507000 | PA      | $19457881.76  | 0.48%             | 2026-07-22      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Taurus CMBS                                     | Taurus 2021-4 UK DAC                                                            | CUSIP: 000000000<br>LEI: 6354001CXJE7XMMVG324 | Long             | ABS-MBS          | CORP              | IE        |   6820133 | PA      | $8052807.93   | 0.20%             | 2031-08-17      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO X Ltd                               | Elmwood CLO X Ltd                                                               | CUSIP: 29002VAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  13000000 | PA      | $12873876.60  | 0.31%             | 2034-10-20      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                | SMB Private Education Loan Trust 2022-C                                         | CUSIP: 78449CAB4<br>LEI: 549300XC4C7GRVLU6076 | Long             | ABS-O            | CORP              | US        |   5006988 | PA      | $5009975.98   | 0.12%             | 2050-05-16      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                         | BPCE SA                                                                         | CUSIP: 05583JAD4<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |  15000000 | PA      | $15022440.00  | 0.37%             | 2023-09-12      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                          | General Motors Financial Co Inc                                                 | CUSIP: 37045XDN3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  14623000 | PA      | $14379757.80  | 0.35%             | 2024-10-15      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Autonoria                                       | Autonoria Spain 2022 FT                                                         | CUSIP: 000000000<br>LEI: 959800TU6P30TL2EN703 | Long             | ABS-O            | CORP              | ES        |    500000 | PA      | $539117.84    | 0.01%             | 2040-01-26      | Floating      | 4.01%                 | No            |                  2 | On Loan: No      |
| Elevation CLO Ltd                               | Elevation CLO 2014-2 Ltd                                                        | CUSIP: 28622QAB7<br>LEI: 635400HAVYYWWB139K27 | Long             | ABS-CBDO         | CORP              | KY        |    363711 | PA      | $361718.20    | 0.01%             | 2029-10-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Donlen Fleet Lease Funding                      | Donlen Fleet Lease Funding 2 LLC                                                | CUSIP: 257812AD9<br>LEI: 549300ZWUQETU54FDP26 | Long             | ABS-O            | CORP              | US        |   7323648 | PA      | $7109061.95   | 0.17%             | 2034-12-11      | Fixed         | 0.56%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                               | NatWest Group PLC                                                               | CUSIP: 780097BH3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $3008080.41   | 0.07%             | 2024-06-25      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Red & Black Auto Germany UG                     | Red & Black Auto Germany 8 UG                                                   | CUSIP: 000000000<br>LEI: 391200E3OPA9K4R22Z70 | Long             | ABS-O            | CORP              | DE        |    400000 | PA      | $429726.17    | 0.01%             | 2030-09-15      | Floating      | 2.67%                 | No            |                  2 | On Loan: No      |
| TPGI Trust                                      | TPGI Trust 2021-DGWD                                                            | CUSIP: 87267HAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6320000 | PA      | $6165664.97   | 0.15%             | 2026-06-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                         | Dryden XXVI Senior Loan Fund                                                    | CUSIP: 26250UAQ8<br>LEI: 549300ENU7ZZLTPT3E22 | Long             | ABS-CBDO         | CORP              | KY        |  14315235 | PA      | $14201759.98  | 0.35%             | 2029-04-15      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                        | Madison Park Funding XVII Ltd                                                   | CUSIP: 55818YBN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1761054 | PA      | $1748611.01   | 0.04%             | 2030-07-21      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| RRAM                                            | RR 3 Ltd                                                                        | CUSIP: 74988LAA2<br>LEI: 549300YH0VOGWM5JZF65 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1986644.80   | 0.05%             | 2030-01-15      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                             | LCM 29 Ltd                                                                      | CUSIP: 50201MAQ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2600000 | PA      | $2551589.82   | 0.06%             | 2031-04-15      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                        | Thermo Fisher Scientific Inc                                                    | CUSIP: 883556CS9<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |   8830000 | PA      | $8339463.12   | 0.20%             | 2024-10-18      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| Satus PLC                                       | Satus 2021-1 PLC                                                                | CUSIP: 000000000<br>LEI: 6354009RPGD3VEUB2K73 | Long             | ABS-O            | CORP              | GB        |    300000 | PA      | $363259.23    | 0.01%             | 2028-08-17      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                       | Nelnet Student Loan Trust 2021-B                                                | CUSIP: 64034QAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11605057 | PA      | $11386881.52  | 0.28%             | 2062-04-20      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                         | Dryden 36 Senior Loan Fund                                                      | CUSIP: 26249KAZ4<br>LEI: 549300XLLT7H0EYXK263 | Long             | ABS-CBDO         | CORP              | KY        |   1565953 | PA      | $1561084.12   | 0.04%             | 2029-04-15      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| 522 Funding CLO LTD                             | ASSURANT CLO LTD                                                                | CUSIP: 04623TAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $247500.00    | 0.01%             | 2031-04-20      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                       | Nelnet Student Loan Trust 2021-A                                                | CUSIP: 64035DAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6682135 | PA      | $6500831.68   | 0.16%             | 2062-04-20      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| ROCKWELL AUTOMATION                             | Rockwell Automation Inc                                                         | CUSIP: 773903AK5<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | DBT              | CORP              | US        |   3870000 | PA      | $3778264.01   | 0.09%             | 2023-08-15      | Fixed         | 0.35%                 | No            |                  2 | On Loan: —       |
| Wells Fargo Commercial Mortgage Trust           | Wells Fargo Commercial Mortgage Trust 2017-SMP                                  | CUSIP: 95001CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17280000 | PA      | $16100990.78  | 0.39%             | 2034-12-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Atlas Senior Loan Fund LTD                      | Atlas Senior Loan Fund III Ltd                                                  | CUSIP: 04941GAL2<br>LEI: 635400UCHZNUTGTBTH21 | Long             | ABS-CBDO         | CORP              | KY        |   4975907 | PA      | $4938632.25   | 0.12%             | 2027-11-17      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation              | Chase Home Lending Mortgage Trust 2019-ATR2                                     | CUSIP: 16159GAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1124161 | PA      | $1078480.54   | 0.03%             | 2049-07-25      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                         | Dryden XXVIII Senior Loan Fund                                                  | CUSIP: 26251BAL0<br>LEI: 549300K4FV16ICO2FF98 | Long             | ABS-CBDO         | CORP              | KY        |   3318536 | PA      | $3306654.21   | 0.08%             | 2030-08-15      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                             | American Tower Corp                                                             | CUSIP: 03027XAT7<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |  14623000 | PA      | $14307405.10  | 0.35%             | 2024-05-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: —       |
| BX Trust                                        | BX Commercial Mortgage Trust 2022-LP2                                           | CUSIP: 05610HAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9961625 | PA      | $9757308.60   | 0.24%             | 2039-02-15      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                | SMB Private Education Loan Trust 2022-B                                         | CUSIP: 83206NAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10909299 | PA      | $10800422.03  | 0.26%             | 2055-02-16      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Rialto Real Estate Fund LP                      | RIAL 2022-FL8 Issuer Ltd                                                        | CUSIP: 76243NAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   2000000 | PA      | $1970020.00   | 0.05%             | 2037-01-19      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust   | JP Morgan Chase Commercial Mortgage Securities Trust 2019-BKWD                  | CUSIP: 46591JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1644659 | PA      | $1592850.10   | 0.04%             | 2029-09-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust          | Santander Drive Auto Receivables Trust 2022-3                                   | CUSIP: 80285UAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8066744 | PA      | $8037546.20   | 0.20%             | 2025-03-17      | Fixed         | 2.76%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                   | PURCHASED USD / SOLD EUR                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $13818.01     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldentree Loan Opportunities IX Ltd            | GoldenTree Loan Opportunities IX Ltd                                            | CUSIP: 38123HAN4<br>LEI: 549300IOBSI2NBFBJX90 | Long             | ABS-CBDO         | CORP              | KY        |  15721462 | PA      | $15595915.18  | 0.38%             | 2029-10-29      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                         | Nissan Motor Acceptance Co LLC                                                  | CUSIP: 654740BL2<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   3884000 | PA      | $3834148.32   | 0.09%             | 2023-09-21      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| MHC Commercial Mortgage Trust                   | MHC Commercial Mortgage Trust 2021-MHC                                          | CUSIP: 55316VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5925000 | PA      | $5819367.32   | 0.14%             | 2038-04-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust               | Credit Acceptance Auto Loan Trust 2021-3                                        | CUSIP: 22535GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4130000 | PA      | $3969083.64   | 0.10%             | 2030-05-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                            | Royal Bank of Canada                                                            | CUSIP: 78016FZR8<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   9918000 | PA      | $10084236.99  | 0.25%             | 2024-10-25      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                                      | Apidos CLO XII                                                                  | CUSIP: 03764DAH4<br>LEI: 549300M5NMLBQJXUO195 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $495500.00    | 0.01%             | 2031-04-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                | SMB Private Education Loan Trust 2017-A                                         | CUSIP: 78448WAC9<br>LEI: 5493000RGRVHYZAIY180 | Long             | ABS-O            | CORP              | US        |   8766547 | PA      | $8704376.06   | 0.21%             | 2034-09-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| ReadyCap Commercial Mortgage Trust              | Ready Capital Mortgage Financing 2022-FL8 LLC                                   | CUSIP: 75574PAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4560000 | PA      | $4461730.18   | 0.11%             | 2037-01-25      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| GCT Commercial Mortgage Trust                   | GCT Commercial Mortgage Trust 2021-GCT                                          | CUSIP: 36167RAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8600000 | PA      | $8039595.62   | 0.20%             | 2038-02-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd                     | National Australia Bank Ltd                                                     | CUSIP: 63254FQF7<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | STIV             | CORP              | AU        |  10000000 | PA      | $9945425.80   | 0.24%             | 2023-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                         | Nissan Motor Acceptance Co LLC                                                  | CUSIP: 65480CAB1<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |  10259000 | PA      | $9510206.87   | 0.23%             | 2024-09-16      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                | CIFC Funding 2018-II Ltd                                                        | CUSIP: 17180WAA3<br>LEI: 635400A7PBKNR7KBOY58 | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1240186.25   | 0.03%             | 2031-04-20      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                         | Nissan Motor Acceptance Co LLC                                                  | CUSIP: 654740BR9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   4259000 | PA      | $4219306.42   | 0.10%             | 2024-03-08      | Floating      | 5.37%                 | No            |                  2 | On Loan: —       |
| Hyundai Auto Receivables Trust                  | Hyundai Auto Receivables Trust 2022-B                                           | CUSIP: 44918MAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10808000 | PA      | $10720940.48  | 0.26%             | 2025-05-15      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust           | Westlake Automobile Receivables Trust 2022-2                                    | CUSIP: 96042VAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7082014 | PA      | $7016803.82   | 0.17%             | 2025-08-15      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                       | Anchorage Capital CLO 7 Ltd                                                     | CUSIP: 03328TBA2<br>LEI: 54930014PVHLSZJQK139 | Long             | ABS-CBDO         | CORP              | KY        |  13840000 | PA      | $13701892.02  | 0.33%             | 2031-01-28      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                  | Morgan Stanley                                                                  | CUSIP: 61744YAQ1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  19507000 | PA      | $19438222.41  | 0.47%             | 2024-04-24      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                 | Benefit Street Partners Clo XII Ltd                                             | CUSIP: 08179HAE0<br>LEI: 549300CIOPBDYOSN3T91 | Long             | ABS-CBDO         | CORP              | KY        |   1658135 | PA      | $1637792.38   | 0.04%             | 2030-10-15      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                   | Citigroup Inc                                                                   | CUSIP: 172967NR8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  22140000 | PA      | $22206818.52  | 0.54%             | 2025-05-24      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Carlyle C17 CLO                                 | Carlyle C17 CLO Ltd                                                             | CUSIP: 14307PAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $988681.60    | 0.02%             | 2031-04-30      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                   | PURCHASED USD / SOLD GBP                                                        | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-111123.58   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                | PURCHASED USD / SOLD GBP                                                        | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |         1 | NC      | $-699714.70   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MPLX LP                                         | MPLX LP                                                                         | CUSIP: 55336VAE0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |  24391000 | PA      | $24367086.33  | 0.60%             | 2023-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| US BANK NA CINCINNATI                           | US Bank NA/Cincinnati OH                                                        | CUSIP: 90331HNV1<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19856654.20  | 0.48%             | 2023-07-24      | Fixed         | 3.40%                 | No            |                  2 | On Loan: —       |
| NLY Commercial Mortgage Trust                   | NLY Commercial Mortgage Trust                                                   | CUSIP: 629167AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     56299 | PA      | $55971.42     | 0.00%             | 2036-02-15      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                          | John Deere Owner Trust 2022-B                                                   | CUSIP: 47800AAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8735000 | PA      | $8655500.14   | 0.21%             | 2025-06-16      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                        | Caterpillar Financial Services Corp                                             | CUSIP: 14913R2X4<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |  24391000 | PA      | $24406379.50  | 0.60%             | 2023-11-13      | Floating      | 4.57%                 | No            |                  2 | On Loan: —       |
| Together Asset Backed Securitisation            | Together Asset Backed Securitisation 2021-1st1 PLC                              | CUSIP: 000000000<br>LEI: 635400SL9S6ASYM6DX74 | Long             | ABS-MBS          | CORP              | GB        |   2122595 | PA      | $2582820.85   | 0.06%             | 2063-07-12      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                         | Carmax Auto Owner Trust 2022-3                                                  | CUSIP: 14318MAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8567238 | PA      | $8501306.71   | 0.21%             | 2025-09-15      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                        | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668BQ4<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  19465000 | PA      | $19447034.58  | 0.47%             | 2024-06-07      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                             | American Tower Corp                                                             | CUSIP: 03027XAD2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   4884000 | PA      | $4881578.56   | 0.12%             | 2024-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Babson CLO Ltd                                  | Barings CLO Ltd 2019-III                                                        | CUSIP: 06761KAL5<br>LEI: 549300T40QLO0VJIOB35 | Long             | ABS-CBDO         | CORP              | KY        |    550000 | PA      | $542437.50    | 0.01%             | 2031-04-20      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                             | American Express Co                                                             | CUSIP: 025816CR8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   8930000 | PA      | $8957752.74   | 0.22%             | 2025-03-04      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| CIGNA CORP                                      | Cigna Corp                                                                      | CUSIP: 125523CN8<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   8287000 | PA      | $7899955.25   | 0.19%             | 2024-03-15      | Fixed         | 0.61%                 | No            |                  2 | On Loan: —       |
| American Express Credit Account Master Trust    | American Express Credit Account Master Trust                                    | CUSIP: 02582JJK7<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |  17650000 | PA      | $17656364.59  | 0.43%             | 2026-04-15      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| TICP CLO Ltd                                    | TICP CLO IX Ltd                                                                 | CUSIP: 87249AAA3<br>LEI: 549300T5OQR4UD880D68 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $497320.70    | 0.01%             | 2031-01-20      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                        | Capital One Financial Corp                                                      | CUSIP: 14040HCD5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  12231000 | PA      | $12158529.98  | 0.30%             | 2023-05-11      | Fixed         | 2.60%                 | No            |                  2 | On Loan: —       |
| Niagara Park CLO, Ltd.                          | Niagara Park Clo Ltd                                                            | CUSIP: 65357LAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2460164.50   | 0.06%             | 2032-07-17      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                    | GS Mortgage Securities Corportation Trust 2021-IP                               | CUSIP: 36262MAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10360000 | PA      | $9789499.66   | 0.24%             | 2036-10-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                        | Caterpillar Financial Services Corp                                             | CUSIP: 14913Q2M0<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   8788000 | PA      | $8794101.86   | 0.21%             | 2023-05-15      | Floating      | 5.12%                 | No            |                  2 | On Loan: —       |
| MORGAN STANLEY                                  | Morgan Stanley                                                                  | CUSIP: 6174468W2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  64476000 | PA      | $64412749.04  | 1.57%             | 2024-01-25      | Variable      | 4.78%                 | No            |                  2 | On Loan: No      |
| KNDL Mortgage Trust                             | KNDL 2019-KNSQ Mortgage Trust                                                   | CUSIP: 482598AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8533000 | PA      | $8473894.47   | 0.21%             | 2036-05-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Lennar Corp                                     | Lennar Corp                                                                     | CUSIP: 526057BZ6<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |  11500000 | PA      | $11424419.24  | 0.28%             | 2024-04-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| DAIMLER TRUCK FINAN NA                          | Daimler Truck Finance North America LLC                                         | CUSIP: 233853AB6<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14499073.50  | 0.35%             | 2023-12-14      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                | OneMain Financial Issuance Trust 2020-A                                         | CUSIP: 68269LAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1960360 | PA      | $1947936.97   | 0.05%             | 2032-05-14      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                         | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GZE7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  28164000 | PA      | $27295269.03  | 0.67%             | 2023-12-06      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                        | New York Life Global Funding                                                    | CUSIP: 64952WCN1<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4907510.75   | 0.12%             | 2024-01-17      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Last Mile Securities                            | Last Mile Securities PE 2021 DAC                                                | CUSIP: 000000000<br>LEI: 635400UJZKP57EXKMQ33 | Long             | ABS-MBS          | CORP              | IE        |   3965184 | PA      | $4128927.56   | 0.10%             | 2031-08-17      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                          | SLM Private Credit Student Loan Trust 2006-B                                    | CUSIP: 78443CCU6<br>LEI: 549300MJYMBTZU2FTV38 | Long             | ABS-O            | CORP              | US        |   7464811 | PA      | $6998715.35   | 0.17%             | 2039-12-15      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                         | Bayer US Finance II LLC                                                         | CUSIP: 07274NAG8<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |  32500000 | PA      | $32578004.88  | 0.80%             | 2023-12-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                              | BMW US Capital LLC                                                              | CUSIP: 05565EBY0<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |  10897000 | PA      | $10870709.79  | 0.27%             | 2025-04-01      | Floating      | 5.16%                 | No            |                  2 | On Loan: —       |
| Bayer US Finance II LLC                         | Bayer US Finance II LLC                                                         | CUSIP: 07274NAE3<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24683000.00  | 0.60%             | 2023-12-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                          | American Honda Finance Corp                                                     | CUSIP: 02665WDS7<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  10649000 | PA      | $10024986.81  | 0.24%             | 2024-07-12      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| Enel Finance America LLC                        | Enel Finance America LLC                                                        | CUSIP: 29279HV93<br>LEI: 549300EGNLVUJX1DEC60 | Long             | STIV             | CORP              | US        |  10000000 | PA      | $9688558.30   | 0.24%             | 2023-08-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                          | American Honda Finance Corp                                                     | CUSIP: 02665WEE7<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  10834000 | PA      | $10875385.88  | 0.27%             | 2026-01-12      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                              | Banco Santander SA                                                              | CUSIP: 05964HAH8<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |  10000000 | PA      | $10000975.80  | 0.24%             | 2023-04-12      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Cold Storage Trust                              | Cold Storage Trust 2020-ICE5                                                    | CUSIP: 193051AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1843107 | PA      | $1815398.14   | 0.04%             | 2037-11-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                         | Hyundai Capital America                                                         | CUSIP: 44891ABU0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  17710000 | PA      | $17588332.30  | 0.43%             | 2023-04-03      | Fixed         | 0.80%                 | No            |                  2 | On Loan: —       |
| MED Trust                                       | Med Trust 2021-MDLN                                                             | CUSIP: 58403YAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4247382 | PA      | $4141070.55   | 0.10%             | 2038-11-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                          | Verizon Communications Inc                                                      | CUSIP: 92343VEP5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   9768000 | PA      | $9899397.18   | 0.24%             | 2025-05-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: —       |
| AT&T Inc                                        | AT&T Inc                                                                        | CUSIP: 00206RGD8<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |  14002000 | PA      | $14150617.23  | 0.35%             | 2024-06-12      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526CL1<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |  13790000 | PA      | $13748558.02  | 0.34%             | 2023-11-08      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                          | General Motors Financial Co Inc                                                 | CUSIP: 37045XDG8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  19507000 | PA      | $18661357.31  | 0.46%             | 2024-03-08      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| SHIRE ACQ INV IRELAND DA                        | Shire Acquisitions Investments Ireland DAC                                      | CUSIP: 82481LAC3<br>LEI: 549300XK5HGW68R8K327 | Long             | DBT              | CORP              | IE        |  32203000 | PA      | $31721610.23  | 0.77%             | 2023-09-23      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                             | Gilead Sciences Inc                                                             | CUSIP: 375558BW2<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |  22538000 | PA      | $21917650.57  | 0.54%             | 2023-09-29      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Autonoria                                       | Autonoria Spain 2022 FT                                                         | CUSIP: 000000000<br>LEI: 959800TU6P30TL2EN703 | Long             | ABS-O            | CORP              | ES        |   8500000 | PA      | $9288829.75   | 0.23%             | 2040-01-25      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                             | Sound Point CLO XXVIII Ltd                                                      | CUSIP: 83615CAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1224956.88   | 0.03%             | 2032-01-25      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                 | Benefit Street Partners CLO VIII Ltd                                            | CUSIP: 08180XAN2<br>LEI: 549300D98ZLKNSI8CN63 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $744512.63    | 0.02%             | 2031-01-20      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                         | KeyCorp                                                                         | CUSIP: 49326EEL3<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |   6470000 | PA      | $6354807.80   | 0.16%             | 2025-05-23      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                         | Dryden 49 Senior Loan Fund                                                      | CUSIP: 26244QAN3<br>LEI: 549300VCB8LYR1RGV869 | Long             | ABS-CBDO         | CORP              | KY        |  10450661 | PA      | $10366400.43  | 0.25%             | 2030-07-18      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                                     | KeyBank NA/Cleveland OH                                                         | CUSIP: 49327M3C6<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   4625000 | PA      | $4531606.45   | 0.11%             | 2024-06-14      | Fixed         | 0.43%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                          | Mizuho Financial Group Inc                                                      | CUSIP: 60687YAP4<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |  20000000 | PA      | $19976336.20  | 0.49%             | 2023-03-05      | Fixed         | 3.55%                 | No            |                  2 | On Loan: —       |
| Romark CLO Ltd                                  | Romark WM-R Ltd                                                                 | CUSIP: 77587AAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3879302 | PA      | $3833429.98   | 0.09%             | 2031-04-20      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                        | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668AR3<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  13000000 | PA      | $12892305.79  | 0.31%             | 2023-11-13      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                        | Neuberger Berman Loan Advisers CLO 33 Ltd                                       | CUSIP: 64132TAJ2<br>LEI: 549300RVE5T2OYI2H743 | Long             | ABS-CBDO         | CORP              | KY        |   2050000 | PA      | $2032655.57   | 0.05%             | 2033-10-16      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| MSCG Trust                                      | MSCG Trust 2018-SELF                                                            | CUSIP: 55358PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4843520 | PA      | $4791953.55   | 0.12%             | 2037-10-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Shackleton CLO LTD                              | Shackleton 2017-XI Clo Ltd                                                      | CUSIP: 81883EAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2750000 | PA      | $2717389.68   | 0.07%             | 2030-08-15      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                   | Citigroup Inc                                                                   | CUSIP: 172967MR9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  14623000 | PA      | $14478565.27  | 0.35%             | 2024-05-15      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                          | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KBX7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |  23865000 | PA      | $23831589.00  | 0.58%             | 2023-11-03      | Floating      | 4.47%                 | No            |                  2 | On Loan: —       |
| JPMORGAN CHASE & CO                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PBZ8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  11681000 | PA      | $11612885.17  | 0.28%             | 2024-03-16      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp                                  | Air Lease Corp                                                                  | CUSIP: 00912XBC7<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   5558000 | PA      | $5527332.23   | 0.13%             | 2023-07-03      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| BX Trust 2019-ATL                               | BX Trust 2019-CALM                                                              | CUSIP: 05608FAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1290120 | PA      | $1277182.90   | 0.03%             | 2032-11-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                             | Charles Schwab Corp/The                                                         | CUSIP: 808513BM6<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |  32470000 | PA      | $32477949.31  | 0.79%             | 2024-03-18      | Floating      | 4.82%                 | No            |                  2 | On Loan: —       |
| Citigroup Inc                                   | Citigroup Inc                                                                   | CUSIP: 172967MF5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9783970.10   | 0.24%             | 2025-04-24      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| BROADCOM CRP / CAYMN FI                         | Broadcom Corp / Broadcom Cayman Finance Ltd                                     | CUSIP: 11134LAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |  16565000 | PA      | $16330958.58  | 0.40%             | 2024-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                      | Fiserv Inc                                                                      | CUSIP: 337738AS7<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |  10199000 | PA      | $9882659.66   | 0.24%             | 2024-07-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| OneMain Direct Auto Receivables Trust           | OneMain Direct Auto Receivables Trust 2022-1                                    | CUSIP: 68269DAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8825000 | PA      | $8833314.92   | 0.22%             | 2029-03-14      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES  | BlackRock Cash Funds: Treasury, SL Agency Shares                                | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  68840000 | NS      | $68840000.00  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Autoflorence                                    | Autoflorence 2 Srl                                                              | CUSIP: 000000000<br>LEI: 815600C91B7AF7C88210 | Long             | ABS-O            | CORP              | IT        |    810379 | PA      | $845279.25    | 0.02%             | 2044-12-24      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| SKY LTD                                         | Sky Ltd                                                                         | CUSIP: 111013AL2<br>LEI: 2138003TS48MQKF4BZ29 | Long             | DBT              | CORP              | GB        |   7910000 | PA      | $7774898.94   | 0.19%             | 2024-09-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| Prodigy Finance Designated Activity Co          | Prodigy Finance CM2021-1 DAC                                                    | CUSIP: 742855AA7<br>LEI: 635400HTAZNW3LYYMQ40 | Long             | ABS-O            | CORP              | IE        |   1199613 | PA      | $1174632.22   | 0.03%             | 2051-07-25      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                | PURCHASED GBP / SOLD USD                                                        | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | GB        |         1 | NC      | $19965.67     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                  | Enterprise Fleet Funding 2021-1 LLC                                             | CUSIP: 29374EAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6068874 | PA      | $5894991.42   | 0.14%             | 2026-12-21      | Fixed         | 0.44%                 | No            |                  2 | On Loan: No      |
| FED CAISSES DESJARDINS                          | Federation des Caisses Desjardins du Quebec                                     | CUSIP: 31429KAF0<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |  20000000 | PA      | $19918600.00  | 0.49%             | 2024-05-21      | Floating      | 4.62%                 | No            |                  2 | On Loan: —       |
| WELLS FARGO & COMPANY                           | Wells Fargo & Co                                                                | CUSIP: 95000U2X0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  19130000 | PA      | $18689434.38  | 0.46%             | 2026-04-25      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-01

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

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer