# EDGAR Filing Document

**Accession Number:** 0001804196
**File Stem:** 0001410368-26-066751
**Filing Date:** 2026-6
**Character Count:** 282719
**Document Hash:** 715a0ca43f40f5af69ee918e0b811082
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-066751.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0001410368-26-066751

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**PERIOD START**: 20260731

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23511
- **FILM NUMBER:** 261121674

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

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

## Series and Classes Contracts Data

### iShares Floating Rate Loan Active ETF (Series ID: S000077718)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000238207 | iShares Floating Rate Loan Active ETF |  |

## Nport-Ex

April 30, 2026

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

2026 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

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

---

| |
|:---|
| **BlackRock ETF Trust II** |
| • iShares Floating Rate Loan Active ETF \| BRLN \| Cboe BZX Exchange |

---

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

**Not FDIC Insured • May Lose Value • No Bank Guarantee**<br>

------

Schedule of Investments (unaudited)

April 30, 2026

**iShares Floating Rate Loan Active ETF**

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

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Food — 0.1%** | **Food — 0.1%** | **Food — 0.1%** |
| &nbsp;&nbsp;&nbsp; Chobani LLC/Chobani Finance Corp., Inc., 7.63%, <br> 07/01/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; $55 | $56775 |
| **Pharmaceuticals — 0.4%** | **Pharmaceuticals — 0.4%** | **Pharmaceuticals — 0.4%** |
| 1261229 B.C. Ltd., 10.00%, 04/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206556 |
| **Retail — 0.3%** | **Retail — 0.3%** | **Retail — 0.3%** |
| &nbsp;&nbsp;&nbsp; Fertitta Entertainment LLC/Fertitta Entertainment <br> Finance Co., Inc., 6.75%, 01/15/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 160 | 155030 |
| **Total Corporate Bonds & Notes — 0.8%** <br>**(Cost: $398,678)** | **Total Corporate Bonds & Notes — 0.8%** <br>**(Cost: $398,678)** | 418361 |
| **Fixed Rate Loan Interests** | **Fixed Rate Loan Interests** | **Fixed Rate Loan Interests** |
| **Computers — 0.2%** | **Computers — 0.2%** | **Computers — 0.2%** |
| Clover Holdings 2 LLC, Term Loan B, 7.75%, 12/09/31 | &nbsp;&nbsp;&nbsp; 105 | 101089 |
| **Software — 0.1%** | **Software — 0.1%** | **Software — 0.1%** |
| Cotiviti, Inc., 2024 Term Loan B, 7.63%, 05/01/31 | &nbsp;&nbsp;&nbsp; 88 | 83503 |
| **Total Fixed Rate Loan Interests — 0.3%** <br>**(Cost: $193,621)** | **Total Fixed Rate Loan Interests — 0.3%** <br>**(Cost: $193,621)** | 184592 |
| **Floating Rate Loan Interests**<sup>(b)</sup> | **Floating Rate Loan Interests**<sup>(b)</sup> | **Floating Rate Loan Interests**<sup>(b)</sup> |
| **Advertising — 0.2%** | **Advertising — 0.2%** | **Advertising — 0.2%** |
| &nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, Inc., 2024 Term Loan, <br> (1-mo. CME Term SOFR at 0.00% Floor + 4.11%), <br> 7.77%, 08/23/28<br>| &nbsp;&nbsp;&nbsp; 24 | 23877 |
| &nbsp;&nbsp;&nbsp; Outfront Media Capital LLC, 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 5.65%, <br> 09/24/32<br>| &nbsp;&nbsp;&nbsp; 68 | 68255 |
| &nbsp;&nbsp;&nbsp; Summer BC Holdco B SARL, 2024 USD Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 5.26%), <br> 8.96%, 02/15/29<br>| &nbsp;&nbsp;&nbsp; 27 | 22426 |
|  |  | 114558 |
| **Aerospace & Defense — 2.8%** | **Aerospace & Defense — 2.8%** | **Aerospace & Defense — 2.8%** |
| &nbsp;&nbsp;&nbsp; Bleriot U.S. Bidco, Inc., 2023 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.25%), 5.95%, <br> 10/31/30<br>| &nbsp;&nbsp;&nbsp; 110 | 109952 |
| &nbsp;&nbsp;&nbsp; Cobham Ultra SeniorCo SARL, USD Term Loan B, <br> (6-mo. CME Term SOFR + 4.18%), 7.79%, 08/03/29<br>| &nbsp;&nbsp;&nbsp; 114 | 114339 |
| Dynasty Acquisition Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B1, (1-mo. CME Term SOFR <br> at 0.00% Floor + 2.00%), 5.65%, 10/31/31<br>| &nbsp;&nbsp;&nbsp; 255 | 256210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B2, (1-mo. CME Term SOFR <br> at 0.00% Floor + 2.00%), 5.65%, 10/31/31<br>| &nbsp;&nbsp;&nbsp; 98 | 97797 |
| &nbsp;&nbsp;&nbsp; Kaman Corp., 2025 Term Loan B, (3-mo. CME Term <br> SOFR at 0.50% Floor + 2.25%), 5.95%, 02/26/32<br>| &nbsp;&nbsp;&nbsp; 44 | 44277 |
| &nbsp;&nbsp;&nbsp; Propulsion BC Finco SARL, 2025 Repriced Term Loan <br> B, (3-mo. CME Term SOFR at 0.50% Floor + 2.50%), <br> 6.20%, 12/01/32<br>| &nbsp;&nbsp;&nbsp; 57 | 57662 |
| TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan K, (1-mo. CME Term SOFR at 0.00% <br> Floor + 2.25%), 5.90%, 03/22/30<br>| &nbsp;&nbsp;&nbsp; 116 | 116095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan J, (1-mo. CME Term SOFR at 0.00% <br> Floor + 2.50%), 6.15%, 02/28/31<br>| &nbsp;&nbsp;&nbsp; 296 | 296310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan L, (1-mo. CME Term SOFR at 0.00% <br> Floor + 2.50%), 6.15%, 01/19/32<br>| &nbsp;&nbsp;&nbsp; 56 | 55851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan M, (1-mo. CME Term SOFR at 0.00% <br> Floor + 2.50%), 6.15%, 08/19/32<br>| &nbsp;&nbsp;&nbsp; 181 | 181349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan N, (1-mo. CME Term SOFR at 0.00% <br> Floor + 2.50%), 6.15%, 02/13/33<br>| &nbsp;&nbsp;&nbsp; 89 | 89128 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| &nbsp;&nbsp;&nbsp; United Airlines, Inc., 2026 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 1.75%), 5.40%, <br> 02/22/31<br>| &nbsp;&nbsp;&nbsp; $107 | $107114 |
|  |  | 1526084 |
| **Airlines — 1.2%** | **Airlines — 1.2%** | **Airlines — 1.2%** |
| &nbsp;&nbsp;&nbsp; AAdvantage Loyalty IP Ltd., 2025 Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.25%), 5.93%, <br> 04/20/28<br>| &nbsp;&nbsp;&nbsp; 44 | 44047 |
| &nbsp;&nbsp;&nbsp; Air Canada, 2024 Term Loan B, (3-mo. CME Term SOFR <br> at 0.00% Floor + 1.75%), 5.41%, 03/21/31<br>| &nbsp;&nbsp;&nbsp; 141 | 140872 |
| American Airlines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2017 1st Lien Term Loan, (1-mo. CME Term SOFR at <br> 0.00% Floor + 1.85%), 5.51%, 01/29/27<br>| &nbsp;&nbsp;&nbsp; 78 | 77243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 1st Lien Term Loan, (3-mo. CME Term SOFR at <br> 0.00% Floor + 2.25%), 5.91%, 06/04/29<br>| &nbsp;&nbsp;&nbsp; 108 | 105009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, (6-mo. CME Term SOFR <br> at 0.00% Floor + 2.25%), 6.00%, 02/15/28<br>| &nbsp;&nbsp;&nbsp; 147 | 144046 |
| &nbsp;&nbsp;&nbsp; JetBlue Airways Corp., 2024 Term Loan B, (3-mo. CME <br> Term SOFR at 0.50% Floor + 4.75%), 8.44%, <br> 08/27/29<br>| &nbsp;&nbsp;&nbsp; 132 | 116721 |
|  |  | 627938 |
| **Apparel — 0.4%** | **Apparel — 0.4%** | **Apparel — 0.4%** |
| ABG Intermediate Holdings 2 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, (1-mo. CME Term SOFR <br> at 0.00% Floor + 2.25%), 5.90%, 12/21/28<br>| &nbsp;&nbsp;&nbsp; 104 | 104672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.25%), 5.90%, 02/13/32<br>| &nbsp;&nbsp;&nbsp; 59 | 59363 |
| &nbsp;&nbsp;&nbsp; Beach Acquisition Bidco LLC, USD Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.25%), 6.95%, <br> 09/12/32<br>| &nbsp;&nbsp;&nbsp; 31 | 31019 |
|  |  | 195054 |
| **Auto Manufacturers — 0.2%** | **Auto Manufacturers — 0.2%** | **Auto Manufacturers — 0.2%** |
| &nbsp;&nbsp;&nbsp; Allison Transmission, Inc., 2025 Incremental Term Loan <br> B, (1-mo. CME Term SOFR at 0.00% Floor + 1.75%), <br> 5.40%, 01/02/33<br>| &nbsp;&nbsp;&nbsp; 85 | 85448 |
| **Auto Parts & Equipment — 1.1%** | **Auto Parts & Equipment — 1.1%** | **Auto Parts & Equipment — 1.1%** |
| Clarios Global LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B, (1-mo. CME Term SOFR + <br> 2.50%), 6.15%, 05/06/30<br>| &nbsp;&nbsp;&nbsp; 264 | 264853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, (1-mo. CME Term SOFR at <br> 0.00% Floor + 2.75%), 6.40%, 01/28/32<br>| &nbsp;&nbsp;&nbsp; 149 | 149873 |
| &nbsp;&nbsp;&nbsp; Garrett LX I SARL, 2025 USD Term Loan B, (3-mo. CME <br> Term SOFR at 0.50% Floor + 2.00%), 5.66%, <br> 01/30/32<br>| &nbsp;&nbsp;&nbsp; 12 | 11945 |
| RealTruck Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2026 FLSO Tranche A Term Loan, (3-mo. CME Term <br> SOFR at 0.00% Floor + 4.86%), 8.52%, 01/31/31<br>| &nbsp;&nbsp;&nbsp; 14 | 8224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2026 FLSO Tranche B Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 6.11%), 9.77%, <br> 01/31/31<br>| &nbsp;&nbsp;&nbsp; 35 | 19985 |
| &nbsp;&nbsp;&nbsp; Tenneco, Inc., 2022 Term Loan B, (3-mo. CME Term <br> SOFR + 5.10%), 8.76%, 11/17/28<br>| &nbsp;&nbsp;&nbsp; 139 | 138811 |
|  |  | 593691 |
| **Banks — 0.2%** | **Banks — 0.2%** | **Banks — 0.2%** |
| &nbsp;&nbsp;&nbsp; Ascensus Holdings, Inc., 2024 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 6.65%, <br> 11/25/32<br>| &nbsp;&nbsp;&nbsp; 120 | 118890 |
| **Beverages — 0.4%** | **Beverages — 0.4%** | **Beverages — 0.4%** |
| Naked Juice LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 FLSO Term Loan, (3-mo. CME Term SOFR at <br> 0.50% Floor + 3.35%), 7.05%, 01/24/29<br>| &nbsp;&nbsp;&nbsp; 50 | 28277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 FLFO Term Loan, (3-mo. CME Term SOFR at <br> 1.00% Floor + 5.50%), 9.20%, 01/24/29<br>| &nbsp;&nbsp;&nbsp; 136 | 135499 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**iShares Floating Rate Loan Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Beverages (continued)** | **Beverages (continued)** | **Beverages (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 FLTO Term Loan, (3-mo. CME Term SOFR at <br> 0.50% Floor + 6.10%), 9.80%, 01/24/30<br>| &nbsp;&nbsp;&nbsp; $47 | $9768 |
| &nbsp;&nbsp;&nbsp; Sazerac Co, Inc., Repriced Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.00%), 5.66%, <br> 07/09/32<br>| &nbsp;&nbsp;&nbsp; 43 | 42766 |
|  |  | 216310 |
| **Biotechnology — 0.3%** | **Biotechnology — 0.3%** | **Biotechnology — 0.3%** |
| &nbsp;&nbsp;&nbsp; BioMarin Pharmaceutical, Inc., Term Loan B, (6-mo. <br> CME Term SOFR at 0.00% Floor at 1.75%), 5.43%, <br> 04/27/33<br>| &nbsp;&nbsp;&nbsp; 75 | 75200 |
| &nbsp;&nbsp;&nbsp; Grifols International Services USA, Inc., 2026 USD Term <br> Loan B, (6-mo. CME Term SOFR at 0.00% Floor + <br> 2.50%), 6.19%, 04/14/33<br>| &nbsp;&nbsp;&nbsp; 113 | 113221 |
|  |  | 188421 |
| **Building Materials — 2.8%** | **Building Materials — 2.8%** | **Building Materials — 2.8%** |
| &nbsp;&nbsp;&nbsp; Chariot Buyer LLC, 2025 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.75%), 6.40%, <br> 09/08/32<br>| &nbsp;&nbsp;&nbsp; 272 | 271820 |
| &nbsp;&nbsp;&nbsp; CP Atlas Buyer, Inc., 2025 Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 5.25%), 8.90%, 07/08/30<br>| &nbsp;&nbsp;&nbsp; 99 | 87855 |
| &nbsp;&nbsp;&nbsp; CP Iris HoldCo I, Inc., 2025 Term Loan, (1-mo. CME <br> Term SOFR at 0.00% Floor + 4.00%), 7.65%, <br> 10/27/32<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 134 | 131536 |
| Emrld Borrower LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (3-mo. CME Term SOFR at 0.00% Floor <br> + 2.25%), 5.92%, 05/31/30<br>| &nbsp;&nbsp;&nbsp; 238 | 238300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, (3-mo. CME Term SOFR at 0.00% <br> Floor + 2.25%), 5.95%, 08/04/31<br>| &nbsp;&nbsp;&nbsp; 186 | 186626 |
| &nbsp;&nbsp;&nbsp; Gibraltar Industries, Inc., 2026 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.25%), 5.91%, <br> 02/02/33<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 14 | 13846 |
| Quikrete Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B2, (1-mo. CME Term SOFR + <br> 2.25%), 5.90%, 03/19/29<br>| &nbsp;&nbsp;&nbsp; 118 | 118306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (1-mo. CME Term SOFR at 0.00% <br> Floor + 2.25%), 5.90%, 02/10/32<br>| &nbsp;&nbsp;&nbsp; 108 | 107951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B1, (1-mo. CME Term SOFR at <br> 0.00% Floor + 2.25%), 5.90%, 04/14/31<br>| &nbsp;&nbsp;&nbsp; 135 | 135090 |
| &nbsp;&nbsp;&nbsp; Standard Industries, Inc./New York, 2021 Term Loan B, <br> (1-mo. CME Term SOFR + 1.75%), 5.40%, 09/22/28<br>| &nbsp;&nbsp;&nbsp; 13 | 12510 |
| &nbsp;&nbsp;&nbsp; Wilsonart LLC, 2024 Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 4.25%), 7.95%, 08/05/31<br>| &nbsp;&nbsp;&nbsp; 205 | 185596 |
| &nbsp;&nbsp;&nbsp; Zurn LLC, 2021 Term Loan B, (1-mo. CME Term SOFR + <br> 2.11%), 5.77%, 10/04/28<br>| &nbsp;&nbsp;&nbsp; 20 | 20084 |
|  |  | 1509520 |
| **Chemicals — 4.2%** | **Chemicals — 4.2%** | **Chemicals — 4.2%** |
| &nbsp;&nbsp;&nbsp; Aruba Investments Holdings LLC, 2020 USD Term Loan, <br> (3-mo. CME Term SOFR + 4.10%), 7.77%, <br> 11/24/27<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 63 | 56879 |
| &nbsp;&nbsp;&nbsp; Ascend Performance Materials Operations LLC, 2021 <br> Term Loan B, 0.00%, 08/27/26<sup>(d)(e)</sup><br>| &nbsp;&nbsp;&nbsp; 16 | 21 |
| &nbsp;&nbsp;&nbsp; Axalta Coating Systems U.S. Holdings, Inc., 2024 Term <br> Loan B7, (3-mo. CME Term SOFR at 0.50% Floor + <br> 1.75%), 5.45%, 12/20/29<br>| &nbsp;&nbsp;&nbsp; 167 | 166905 |
| &nbsp;&nbsp;&nbsp; Chemours Co. (The), 2025 USD Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.50%), 7.15%, <br> 10/15/32<br>| &nbsp;&nbsp;&nbsp; 201 | 200613 |
| &nbsp;&nbsp;&nbsp; Derby Buyer LLC, 2024 Repriced Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 6.67%, <br> 11/01/30<br>| &nbsp;&nbsp;&nbsp; 119 | 119448 |
| &nbsp;&nbsp;&nbsp; Discovery Purchaser Corp., Term Loan, (3-mo. CME <br> Term SOFR at 0.50% Floor + 3.75%), 7.41%, <br> 10/04/29<br>| &nbsp;&nbsp;&nbsp; 106 | 105248 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| &nbsp;&nbsp;&nbsp; ECO Services Operations Corp., 2024 Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 2.00%), <br> 5.66%, 06/12/31<br>| &nbsp;&nbsp;&nbsp; $58 | $57881 |
| &nbsp;&nbsp;&nbsp; Element Solutions, Inc., 2026 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 1.75%), 5.40%, <br> 12/18/30<br>| &nbsp;&nbsp;&nbsp; 204 | 204564 |
| &nbsp;&nbsp;&nbsp; Fortis 333, Inc., USD Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 3.50%), 7.15%, 03/29/32<br>| &nbsp;&nbsp;&nbsp; 74 | 72466 |
| &nbsp;&nbsp;&nbsp; HB Fuller Co., 2025 Term Loan B, (1-mo. CME Term <br> SOFR at 0.50% Floor + 1.75%), 5.40%, 02/15/30<br>| &nbsp;&nbsp;&nbsp; 143 | 143839 |
| &nbsp;&nbsp;&nbsp; INEOS U.S. Petrochem LLC, 2024 USD Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 4.25%), <br> 7.90%, 10/07/31<br>| &nbsp;&nbsp;&nbsp; 15 | 12775 |
| &nbsp;&nbsp;&nbsp; Lonza Group AG, USD Term Loan B, (3-mo. CME Term <br> SOFR at 0.75% Floor + 4.03%), 7.72%, 07/03/28<br>| &nbsp;&nbsp;&nbsp; 112 | 103490 |
| &nbsp;&nbsp;&nbsp; Minerals Technologies, Inc., 2024 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 5.65%, <br> 11/26/31<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 72 | 71804 |
| Olympus Water U.S. Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan, (3-mo. CME Term SOFR at <br> 0.50% Floor + 3.00%), 6.70%, 06/20/31<br>| &nbsp;&nbsp;&nbsp; 114 | 112021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B, (3-mo. CME Term SOFR at <br> 0.00% Floor + 3.25%), 6.95%, 11/03/32<br>| &nbsp;&nbsp;&nbsp; 142 | 139992 |
| &nbsp;&nbsp;&nbsp; Oxea Holding Drei GmbH, 2017 USD Term Loan B2, <br> (3-mo. CME Term SOFR at 0.00% Floor + 4.85%), <br> 8.53%, 04/08/31<br>| &nbsp;&nbsp;&nbsp; 56 | 33022 |
| &nbsp;&nbsp;&nbsp; Paint Intermediate III LLC, 2024 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 6.67%, <br> 10/09/31<br>| &nbsp;&nbsp;&nbsp; 64 | 64414 |
| &nbsp;&nbsp;&nbsp; Qnity Electronics, Inc., Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.00%), 5.65%, 11/01/32<br>| &nbsp;&nbsp;&nbsp; 228 | 229094 |
| &nbsp;&nbsp;&nbsp; Solstice Advanced Materials, Inc., Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 1.75%), 5.41%, <br> 10/29/32<br>| &nbsp;&nbsp;&nbsp; 79 | 79469 |
| &nbsp;&nbsp;&nbsp; Sparta U.S. HoldCo LLC, 2024 Term Loan B, (1-mo. <br> CME Term SOFR at 0.75% Floor + 3.00%), 6.66%, <br> 08/02/30<br>| &nbsp;&nbsp;&nbsp; 124 | 123947 |
| &nbsp;&nbsp;&nbsp; WR Grace Holdings LLC, 2025 Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 6.70%, <br> 08/19/32<br>| &nbsp;&nbsp;&nbsp; 143 | 143455 |
|  |  | 2241347 |
| **Commercial Mbs — 0.4%** | **Commercial Mbs — 0.4%** | **Commercial Mbs — 0.4%** |
| &nbsp;&nbsp;&nbsp; Parexel International Corp., 2025 Repriced Term Loan B, <br> (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), <br> 6.40%, 12/12/31<br>| &nbsp;&nbsp;&nbsp; 229 | 228980 |
| **Commercial Services — 7.1%** | **Commercial Services — 7.1%** | **Commercial Services — 7.1%** |
| &nbsp;&nbsp;&nbsp; Aggreko Holdings, Inc., 2025 USD Term Loan, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 6.66%, <br> 05/21/31<br>| &nbsp;&nbsp;&nbsp; 199 | 199544 |
| &nbsp;&nbsp;&nbsp; AlixPartners LLP, 2025 USD Term Loan, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.00%), 5.65%, <br> 08/12/32<br>| &nbsp;&nbsp;&nbsp; 82 | 81934 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC, 2025 USD Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.25%), <br> 6.90%, 08/20/32<br>| &nbsp;&nbsp;&nbsp; 379 | 379780 |
| &nbsp;&nbsp;&nbsp; Anticimex International AB, 2025 USD Term Loan, <br> (3-mo. SOFR + 2.90%), 6.56%, 11/17/31<br>| &nbsp;&nbsp;&nbsp; 54 | 53870 |
| &nbsp;&nbsp;&nbsp; APi Group DE, Inc., 2025 Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 5.40%, 01/03/29<br>| &nbsp;&nbsp;&nbsp; 291 | 292037 |
| &nbsp;&nbsp;&nbsp; Belron Finance 2019 LLC, 2026 Repriced Term Loan B, <br> (3-mo. CME Term SOFR at 0.50% Floor + 2.00%), <br> 5.66%, 10/16/31<br>| &nbsp;&nbsp;&nbsp; 373 | 374655 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**iShares Floating Rate Loan Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| &nbsp;&nbsp;&nbsp; Bright Horizons Family Solutions LLC, 2025 Term Loan <br> B, (1-mo. CME Term SOFR at 0.50% Floor + 1.75%), <br> 5.40%, 08/23/32<br>| &nbsp;&nbsp;&nbsp; $84 | $83629 |
| &nbsp;&nbsp;&nbsp; Camelot U.S. Acquisition LLC, 2024 Term Loan B, <br> (1-mo. CME Term SOFR + 2.75%), 6.40%, 01/31/31<br>| &nbsp;&nbsp;&nbsp; 57 | 53570 |
| &nbsp;&nbsp;&nbsp; CHG Healthcare Services, Inc., 2025 Term Loan B1, <br> (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), <br> 6.40%, 09/29/28<br>| &nbsp;&nbsp;&nbsp; 127 | 127340 |
| &nbsp;&nbsp;&nbsp; Citrin Cooperman Advisors LLC, 2025 Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 3.00%), <br> 6.70%, 04/01/32<br>| &nbsp;&nbsp;&nbsp; 114 | 109620 |
| &nbsp;&nbsp;&nbsp; Creative Artists Agency LLC, 2025 Repriced Term Loan <br> B, (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.15%, 10/01/31<br>| &nbsp;&nbsp;&nbsp; 241 | 241639 |
| &nbsp;&nbsp;&nbsp; Dycom Industries, Inc., 2026 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 1.75%), 5.40%, <br> 01/27/33<br>| &nbsp;&nbsp;&nbsp; 42 | 42289 |
| &nbsp;&nbsp;&nbsp; Element Materials Technology Group U.S. Holdings, Inc., <br> 2022 USD Term Loan, (3-mo. CME Term SOFR at <br> 0.50% Floor + 3.50%), 7.20%, 07/06/29<br>| &nbsp;&nbsp;&nbsp; 75 | 75340 |
| &nbsp;&nbsp;&nbsp; Galaxy U.S. Opco, Inc., Term Loan, (3-mo. CME Term <br> SOFR + 2.00% and 3.25% PIK), 4.46%, 07/31/30<sup>(f)</sup><br>| &nbsp;&nbsp;&nbsp; 66 | 56816 |
| &nbsp;&nbsp;&nbsp; Grant Thornton Advisors LLC, 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.75%), 6.40%, <br> 06/02/31<br>| &nbsp;&nbsp;&nbsp; 152 | 147303 |
| &nbsp;&nbsp;&nbsp; Herc Holdings, Inc., 2026 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 1.75%), 5.40%, <br> 06/02/32<br>| &nbsp;&nbsp;&nbsp; 27 | 27024 |
| Hertz Corp.(The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan B, (3-mo. CME Term SOFR + <br> 3.76%), 7.43%, 06/30/28<br>| &nbsp;&nbsp;&nbsp; 111 | 87368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Term Loan C, (3-mo. CME Term SOFR + <br> 3.76%), 7.43%, 06/30/28<br>| &nbsp;&nbsp;&nbsp; 21 | 16629 |
| &nbsp;&nbsp;&nbsp; Ingenovis Health, Inc., Term Loan B, (3-mo. CME Term <br> SOFR + 4.51%), 8.18%, 03/06/28<br>| &nbsp;&nbsp;&nbsp; 30 | 9842 |
| &nbsp;&nbsp;&nbsp; ION Platform Finance U.S., Inc., USD Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.75%), 7.45%, <br> 10/07/32<br>| &nbsp;&nbsp;&nbsp; 216 | 171771 |
| &nbsp;&nbsp;&nbsp; Mavis Tire Express Services Topco Corp., 2025 <br> Repriced Term Loan, (6-mo. CME Term SOFR at <br> 0.75% Floor + 3.00%), 6.67%, 05/04/28<br>| &nbsp;&nbsp;&nbsp; 195 | 195205 |
| &nbsp;&nbsp;&nbsp; Medical Solutions Holdings, Inc., 2021 1st Lien Term <br> Loan, (3-mo. CME Term SOFR at 0.50% Floor + <br> 3.60%), 7.26%, 11/01/28<br>| &nbsp;&nbsp;&nbsp; 29 | 3985 |
| &nbsp;&nbsp;&nbsp; OMNIA Partners LLC, 2024 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.75%), 6.43%, <br> 12/31/32<br>| &nbsp;&nbsp;&nbsp; 44 | 43875 |
| &nbsp;&nbsp;&nbsp; PG Polaris BidCo SARL, 2025 Repriced Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 2.25%), <br> 5.95%, 03/26/31<br>| &nbsp;&nbsp;&nbsp; 59 | 59642 |
| Prime Security Services Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 5.41%, 03/07/32<br>| &nbsp;&nbsp;&nbsp; 120 | 118727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, (1-mo. CME Term SOFR <br> at 0.00% Floor + 2.00%), 5.66%, 10/13/30<br>| &nbsp;&nbsp;&nbsp; 26 | 26485 |
| Pye-Barker Fire & Safety, LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Delayed Draw Term Loan, (3-mo. CME Term <br> SOFR at 0.00% Floor + 2.50%), 2.02%, 12/16/32<br>| &nbsp;&nbsp;&nbsp; 5 | 4545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan, (3-mo. CME Term SOFR at 0.00% <br> Floor + 2.50%), 6.16%, 12/16/32<br>| &nbsp;&nbsp;&nbsp; 97 | 96924 |
| &nbsp;&nbsp;&nbsp; Raven Acquisition Holdings LLC, Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 6.65%, <br> 11/19/31<br>| &nbsp;&nbsp;&nbsp; 81 | 80295 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| &nbsp;&nbsp;&nbsp; Shift4 Payments LLC, 2025 Repriced Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 2.00%), <br> 5.67%, 07/03/32<br>| &nbsp;&nbsp;&nbsp; $54 | $54034 |
| Trans Union LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B8, (1-mo. CME Term SOFR at <br> 0.00% Floor + 1.75%), 5.40%, 06/24/31<br>| &nbsp;&nbsp;&nbsp; 178 | 177413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B9, (1-mo. CME Term SOFR at <br> 0.50% Floor + 1.75%), 5.40%, 06/24/31<br>| &nbsp;&nbsp;&nbsp; 89 | 88568 |
| &nbsp;&nbsp;&nbsp; Wand NewCo 3, Inc., 2025 Repriced Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.15%, 01/30/31<br>| &nbsp;&nbsp;&nbsp; 178 | 177804 |
| WEX, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B2, (1-mo. CME Term SOFR at <br> 0.00% Floor + 1.75%), 5.40%, 03/31/28<br>| &nbsp;&nbsp;&nbsp; 30 | 29624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 5.40%, 03/05/32<br>| &nbsp;&nbsp;&nbsp; 59 | 59166 |
|  |  | 3848292 |
| **Computers — 0.8%** | **Computers — 0.8%** | **Computers — 0.8%** |
| &nbsp;&nbsp;&nbsp; Clover Holdings 2 LLC, Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 3.75%), 7.40%, 12/09/31<br>| &nbsp;&nbsp;&nbsp; 91 | 88271 |
| Cubic Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Second Out Term Loan B, (3-mo. CME Term <br> SOFR at 0.75% Floor + 4.76%), 8.42%, 05/25/29<br>| &nbsp;&nbsp;&nbsp; 278 | 51318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Second Out Term Loan C, (3-mo. CME Term <br> SOFR at 0.75% Floor at 4.76%), 8.43%, 05/25/29<br>| &nbsp;&nbsp;&nbsp; 38 | 6936 |
| &nbsp;&nbsp;&nbsp; McAfee LLC, 2024 USD 1st Lien Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 6.65%, <br> 03/01/29<br>| &nbsp;&nbsp;&nbsp; 137 | 120301 |
| &nbsp;&nbsp;&nbsp; Peraton Corp., Term Loan B, (3-mo. CME Term SOFR at <br> 0.75% Floor + 3.85%), 7.51%, 02/01/28<br>| &nbsp;&nbsp;&nbsp; 164 | 140229 |
| &nbsp;&nbsp;&nbsp; Ping Identity Holding Corp., 2025 Term Loan, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.75%), 6.40%, <br> 11/15/32<br>| &nbsp;&nbsp;&nbsp; 50 | 49334 |
|  |  | 456389 |
| **Cosmetics & Personal Care — 0.0%** | **Cosmetics & Personal Care — 0.0%** | **Cosmetics & Personal Care — 0.0%** |
| &nbsp;&nbsp;&nbsp; ACP Tara Holdings, Inc., 2025 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 3.25%), 6.95%, <br> 12/15/32<br>| &nbsp;&nbsp;&nbsp; 20 | 20030 |
| **Distribution & Wholesale — 2.1%** | **Distribution & Wholesale — 2.1%** | **Distribution & Wholesale — 2.1%** |
| &nbsp;&nbsp;&nbsp; American Builders & Contractors Supply Co., Inc., 2024 <br> Term Loan B, (1-mo. CME Term SOFR at 0.00% Floor <br> + 1.75%), 5.40%, 01/31/31<br>| &nbsp;&nbsp;&nbsp; 166 | 166840 |
| &nbsp;&nbsp;&nbsp; BCPE Empire Holdings, Inc., 2026 10th Amendment <br> Term Loan, (1-mo. CME Term SOFR + 3.50%), <br> 7.15%, 12/29/32<br>| &nbsp;&nbsp;&nbsp; 205 | 204551 |
| Core & Main LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan D, (1-mo. CME Term SOFR at 0.00% <br> Floor + 2.00%), 5.65%, 07/27/28<br>| &nbsp;&nbsp;&nbsp; 96 | 95787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan E, (1-mo. CME Term SOFR at 0.00% <br> Floor + 2.00%), 5.65%, 02/09/31<br>| &nbsp;&nbsp;&nbsp; 214 | 214280 |
| &nbsp;&nbsp;&nbsp; Dealer Tire Financial LLC, 2024 Term Loan B4, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 6.65%, <br> 07/02/31<br>| &nbsp;&nbsp;&nbsp; 117 | 116705 |
| &nbsp;&nbsp;&nbsp; Fluid-Flow Products, Inc., 2026 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.25%), 6.90%, <br> 03/07/33<br>| &nbsp;&nbsp;&nbsp; 18 | 18019 |
| &nbsp;&nbsp;&nbsp; Gates Global LLC, 2024 Term Loan B5, (1-mo. CME <br> Term SOFR + 1.75%), 5.40%, 06/04/31<br>| &nbsp;&nbsp;&nbsp; 250 | 250602 |
| &nbsp;&nbsp;&nbsp; Resideo Funding, Inc., 2025 Incremental Term Loan, <br> (3-mo. CME Term SOFR at 0.00% Floor + 2.00%), <br> 5.67%, 08/13/32<br>| &nbsp;&nbsp;&nbsp; 79 | 78638 |
|  |  | 1145422 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**iShares Floating Rate Loan Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services — 4.2%** | **Diversified Financial Services — 4.2%** | **Diversified Financial Services — 4.2%** |
| &nbsp;&nbsp;&nbsp; AllSpring Buyer LLC, 2024 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 3.00%), 6.75%, <br> 11/01/30<br>| &nbsp;&nbsp;&nbsp; $25 | $24905 |
| &nbsp;&nbsp;&nbsp; Apex Group Treasury LLC, 2025 USD Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 3.50%), <br> 7.17%, 02/27/32<br>| &nbsp;&nbsp;&nbsp; 183 | 171874 |
| &nbsp;&nbsp;&nbsp; Aretec Group, Inc., 2025 Repriced Term Loan, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 6.65%, <br> 08/09/30<br>| &nbsp;&nbsp;&nbsp; 68 | 67962 |
| &nbsp;&nbsp;&nbsp; Chicago U.S. Midco III LP, Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.50%), 6.15%, 11/01/32<br>| &nbsp;&nbsp;&nbsp; 156 | 155693 |
| &nbsp;&nbsp;&nbsp; Citadel Securities LP, 2024 First Lien Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 5.70%, <br> 10/31/31<br>| &nbsp;&nbsp;&nbsp; 198 | 198689 |
| &nbsp;&nbsp;&nbsp; Corpay Technologies Operating Co. LLC, Term Loan B5, <br> (1-mo. CME Term SOFR at 0.00% Floor + 1.75%), <br> 5.40%, 04/28/28<br>| &nbsp;&nbsp;&nbsp; 138 | 137639 |
| &nbsp;&nbsp;&nbsp; CPI Holdco B LLC, 2025 Add-on Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 5.65%, <br> 05/19/31<br>| &nbsp;&nbsp;&nbsp; 294 | 294240 |
| &nbsp;&nbsp;&nbsp; Focus Financial Partners LLC, 2025 Incremental Term <br> Loan B, (1-mo. CME Term SOFR at 0.00% Floor + <br> 2.50%), 6.15%, 09/15/31<br>| &nbsp;&nbsp;&nbsp; 247 | 244612 |
| &nbsp;&nbsp;&nbsp; GTCR Everest Borrower LLC, 2026 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.50%), 6.20%, <br> 09/05/31<br>| &nbsp;&nbsp;&nbsp; 45 | 44555 |
| &nbsp;&nbsp;&nbsp; Hudson River Trading LLC, 2026 Repriced Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.16%, 03/18/30<br>| &nbsp;&nbsp;&nbsp; 138 | 138007 |
| &nbsp;&nbsp;&nbsp; Jane Street Group LLC, 2024 Term Loan B1, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 5.67%, <br> 12/15/31<br>| &nbsp;&nbsp;&nbsp; 409 | 408615 |
| Jupiter Borrower, Inc., Term Loan B, 03/25/33<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; 57 | 57143 |
| &nbsp;&nbsp;&nbsp; Orion U.S. Finco, Inc., 1st Lien Term Loan, (3-mo. CME <br> Term SOFR at 0.00% Floor + 3.50%), 7.17%, <br> 10/08/32<br>| &nbsp;&nbsp;&nbsp; 90 | 89845 |
| &nbsp;&nbsp;&nbsp; Osaic Holdings, Inc., 2026 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.20%, <br> 07/30/32<br>| &nbsp;&nbsp;&nbsp; 188 | 187863 |
| &nbsp;&nbsp;&nbsp; Project Aurora US Finco, Inc., USD Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.75%), 6.45%, <br> 12/06/32<br>| &nbsp;&nbsp;&nbsp; 23 | 22986 |
| &nbsp;&nbsp;&nbsp; Setanta Aircraft Leasing DAC, 2024 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 1.75%), 5.45%, <br> 11/05/28<br>| &nbsp;&nbsp;&nbsp; 11 | 10554 |
| &nbsp;&nbsp;&nbsp; Summit Acquisition, Inc., 2025 Add-on Term Loan, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.50%), <br> 7.15%, 10/16/31<br>| &nbsp;&nbsp;&nbsp; 6 | 5982 |
|  |  | 2261164 |
| **Electric — 1.5%** | **Electric — 1.5%** | **Electric — 1.5%** |
| &nbsp;&nbsp;&nbsp; Calpine Construction Finance Co., L.P., 2025 Repriced <br> Term Loan B, (1-mo. CME Term SOFR at 0.00% Floor <br> + 1.75%), 5.40%, 07/31/30<br>| &nbsp;&nbsp;&nbsp; 175 | 175298 |
| &nbsp;&nbsp;&nbsp; Constellation Renewables LLC, 2020 Term Loan, (3-mo. <br> CME Term SOFR at 1.00% Floor + 2.00%), 5.67%, <br> 12/15/27<br>| &nbsp;&nbsp;&nbsp; 89 | 89424 |
| &nbsp;&nbsp;&nbsp; LSF12 Crown U.S. Commercial Bidco LLC, 2026 Term <br> Loan B, (1-mo. CME Term SOFR at 0.00% Floor + <br> 3.00%), 6.66%, 12/02/31<br>| &nbsp;&nbsp;&nbsp; 61 | 61361 |
| NRG Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2026 Incremental Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor at 1.75%), 5.36%, 04/28/33<br>| &nbsp;&nbsp;&nbsp; 29 | 29101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan, (1-mo. CME Term SOFR at 0.00% <br> Floor + 1.75%), 5.42%, 04/16/31<br>| &nbsp;&nbsp;&nbsp; 299 | 299792 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Talen Energy Supply LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (1-mo. CME Term SOFR at 0.00% <br> Floor + 2.00%), 5.65%, 11/25/32<br>| &nbsp;&nbsp;&nbsp; $93 | $92826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024-1 Incremental Term Loan, (3-mo. CME Term <br> SOFR at 0.00% Floor + 2.50%), 6.15%, 12/15/31<br>| &nbsp;&nbsp;&nbsp; 58 | 58429 |
|  |  | 806231 |
| **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** |
| &nbsp;&nbsp;&nbsp; AZZ, Inc., Term Loan B, (1-mo. CME Term SOFR + <br> 1.75%), 5.40%, 05/13/29<br>| &nbsp;&nbsp;&nbsp; 17 | 16650 |
| **Electronics — 1.0%** | **Electronics — 1.0%** | **Electronics — 1.0%** |
| &nbsp;&nbsp;&nbsp; Celestica, Inc., 2024 Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 5.40%, 06/20/31<br>| &nbsp;&nbsp;&nbsp; 69 | 68410 |
| &nbsp;&nbsp;&nbsp; Coherent Corp., 2025 Term Loan B2, (1-mo. CME Term <br> SOFR at 0.50% Floor + 1.75%), 5.40%, 07/02/29<br>| &nbsp;&nbsp;&nbsp; 98 | 97738 |
| &nbsp;&nbsp;&nbsp; Pinnacle Buyer LLC, Term Loan, (3-mo. CME Term <br> SOFR at 0.00% Floor + 2.50%), 6.18%, 10/01/32<br>| &nbsp;&nbsp;&nbsp; 81 | 81334 |
| &nbsp;&nbsp;&nbsp; Resilience Parent LLC, 1st Lien Term Loan, (6-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.13%, <br> 02/28/33<br>| &nbsp;&nbsp;&nbsp; 186 | 186372 |
| &nbsp;&nbsp;&nbsp; Sanmina Corp., Term Loan B, (1-mo. CME Term SOFR <br> at 0.00% Floor + 2.00%), 5.66%, 10/27/32<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 90 | 90337 |
|  |  | 524191 |
| **Energy - Alternate Sources — 0.2%** | **Energy - Alternate Sources — 0.2%** | **Energy - Alternate Sources — 0.2%** |
| &nbsp;&nbsp;&nbsp; Traverse Midstream Partners LLC, 2026 Term Loan B, <br> 04/21/33<sup>(g)</sup><br>| &nbsp;&nbsp;&nbsp; 32 | 32020 |
| &nbsp;&nbsp;&nbsp; Whitewater Matterhorn Holdings LLC, 2026 Term Loan <br> B, (3-mo. CME Term SOFR at 0.00% Floor + 1.75%), <br> 5.45%, 06/16/32<br>| &nbsp;&nbsp;&nbsp; 61 | 60786 |
|  |  | 92806 |
| **Engineering & Construction — 1.8%** | **Engineering & Construction — 1.8%** | **Engineering & Construction — 1.8%** |
| &nbsp;&nbsp;&nbsp; Apple Bidco LLC, 2025 Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.50%), 6.15%, 09/23/31<br>| &nbsp;&nbsp;&nbsp; 294 | 294302 |
| Azuria Water Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2026 Delayed Draw Term Loan, 0.00%, 04/25/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 2 | 2347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B, (Prime + 1.75%), 8.50%, <br> 04/25/33<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 109 | 108545 |
| &nbsp;&nbsp;&nbsp; Blackfin Pipeline LLC, Term Loan B, (1-mo. CME Term <br> SOFR + 3.00%), 6.69%, 09/29/32<br>| &nbsp;&nbsp;&nbsp; 43 | 43061 |
| &nbsp;&nbsp;&nbsp; Brand Industrial Services, Inc., 2024 Term Loan B, <br> (3-mo. CME Term SOFR at 0.50% Floor + 4.50%), <br> 8.16%, 08/01/30<br>| &nbsp;&nbsp;&nbsp; 198 | 171656 |
| &nbsp;&nbsp;&nbsp; Construction Partners, Inc., Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.15%, <br> 11/03/31<br>| &nbsp;&nbsp;&nbsp; 44 | 44331 |
| &nbsp;&nbsp;&nbsp; Legence Holdings LLC, 2025 Repriced Term Loan B, <br> (1-mo. CME Term SOFR at 0.75% Floor + 2.25%), <br> 5.90%, 12/16/31<br>| &nbsp;&nbsp;&nbsp; 113 | 113191 |
| &nbsp;&nbsp;&nbsp; SBA Senior Finance II LLC, 2024 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 1.75%), 5.41%, <br> 01/25/31<br>| &nbsp;&nbsp;&nbsp; 194 | 194765 |
|  |  | 972198 |
| **Entertainment — 5.9%** | **Entertainment — 5.9%** | **Entertainment — 5.9%** |
| Caesars Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (1-mo. CME Term SOFR + 2.25%), <br> 5.90%, 02/06/30<br>| &nbsp;&nbsp;&nbsp; 153 | 148457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B1, (1-mo. CME Term SOFR + <br> 2.25%), 5.90%, 02/06/31<br>| &nbsp;&nbsp;&nbsp; 344 | 332896 |
| &nbsp;&nbsp;&nbsp; City Football Group Ltd., 2024 Term Loan, (3-mo. CME <br> Term SOFR at 0.50% Floor + 3.76%), 7.43%, <br> 07/22/30<br>| &nbsp;&nbsp;&nbsp; 98 | 97794 |
| &nbsp;&nbsp;&nbsp; Crown Finance U.S., Inc., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 4.50%), 8.16%, <br> 12/02/31<br>| &nbsp;&nbsp;&nbsp; 69 | 68919 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**iShares Floating Rate Loan Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Entertainment (continued)** | **Entertainment (continued)** | **Entertainment (continued)** |
| &nbsp;&nbsp;&nbsp; Delta 2 Lux SARL, 2024 Term Loan B1, (3-mo. CME <br> Term SOFR at 0.50% Floor + 1.75%), 5.45%, <br> 09/30/31<br>| &nbsp;&nbsp;&nbsp; $293 | $292929 |
| &nbsp;&nbsp;&nbsp; DK Crown Holdings, Inc., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 1.75%), 5.41%, <br> 03/04/32<br>| &nbsp;&nbsp;&nbsp; 178 | 178348 |
| &nbsp;&nbsp;&nbsp; ECL Entertainment LLC, 2025 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 3.00%), 6.65%, <br> 08/30/30<br>| &nbsp;&nbsp;&nbsp; 29 | 29335 |
| &nbsp;&nbsp;&nbsp; EOC Borrower LLC, Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.75%), 6.40%, 03/24/32<br>| &nbsp;&nbsp;&nbsp; 257 | 257086 |
| Flutter Financing BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B, (3-mo. CME Term SOFR at 0.50% <br> Floor + 1.75%), 5.45%, 11/30/30<br>| &nbsp;&nbsp;&nbsp; 210 | 209398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (3-mo. CME Term SOFR at 0.50% <br> Floor + 2.00%), 5.70%, 06/04/32<br>| &nbsp;&nbsp;&nbsp; 91 | 90621 |
| &nbsp;&nbsp;&nbsp; Great Canadian Gaming Corp., 2024 Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 4.75%), <br> 8.44%, 11/01/29<br>| &nbsp;&nbsp;&nbsp; 76 | 73462 |
| &nbsp;&nbsp;&nbsp; Herschend Entertainment Co. LLC, 2026 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.15%, 05/27/32<br>| &nbsp;&nbsp;&nbsp; 92 | 92669 |
| &nbsp;&nbsp;&nbsp; Light & Wonder International, Inc., 2026 Term Loan B, <br> (1-mo. CME Term SOFR at 0.50% Floor + 2.00%), <br> 5.65%, 04/16/29<br>| &nbsp;&nbsp;&nbsp; 200 | 199981 |
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment, Inc., 2025 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.00%), <br> 5.66%, 10/21/32<br>| &nbsp;&nbsp;&nbsp; 122 | 121657 |
| &nbsp;&nbsp;&nbsp; Motion Finco SARL, 2024 USD Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.50%), 7.20%, <br> 11/12/29<br>| &nbsp;&nbsp;&nbsp; 209 | 184653 |
| &nbsp;&nbsp;&nbsp; Ontario Gaming GTA LP, Term Loan B, (3-mo. CME <br> Term SOFR at 0.50% Floor + 4.25%), 7.95%, <br> 08/01/30<br>| &nbsp;&nbsp;&nbsp; 55 | 51675 |
| &nbsp;&nbsp;&nbsp; Penn Entertainment, Inc., 2022 Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 2.50%), 6.15%, <br> 05/03/29<br>| &nbsp;&nbsp;&nbsp; 90 | 90491 |
| &nbsp;&nbsp;&nbsp; Scientific Games Holdings LP, 2024 USD Term Loan B, <br> (3-mo. CME Term SOFR at 0.50% Floor + 3.00%), <br> 6.67%, 04/04/29<br>| &nbsp;&nbsp;&nbsp; 94 | 92017 |
| &nbsp;&nbsp;&nbsp; SeaWorld Parks & Entertainment, Inc., 2024 Term Loan <br> B3, (1-mo. CME Term SOFR at 0.50% Floor + <br> 2.00%), 5.65%, 12/04/31<br>| &nbsp;&nbsp;&nbsp; 72 | 71424 |
| &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp., 2024 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.00%), <br> 5.65%, 05/01/31<br>| &nbsp;&nbsp;&nbsp; 38 | 37727 |
| &nbsp;&nbsp;&nbsp; TKO Worldwide Holdings LLC, 2025 Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 5.66%, <br> 11/21/31<br>| &nbsp;&nbsp;&nbsp; 354 | 355117 |
| &nbsp;&nbsp;&nbsp; Voyager Parent LLC, Repriced Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 4.25%), 7.95%, <br> 07/01/32<br>| &nbsp;&nbsp;&nbsp; 109 | 109406 |
|  |  | 3186062 |
| **Environmental Control — 1.4%** | **Environmental Control — 1.4%** | **Environmental Control — 1.4%** |
| &nbsp;&nbsp;&nbsp; Action Environmental Group, Inc., 2023 Term Loan B, <br> (3-mo. CME Term SOFR + 3.00%), 6.69%, 10/24/30<br>| &nbsp;&nbsp;&nbsp; 49 | 49014 |
| &nbsp;&nbsp;&nbsp; Arcwood Environmental, Inc., 2026 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 6.68%, <br> 04/01/33<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 26 | 26065 |
| &nbsp;&nbsp;&nbsp; Clean Harbors, Inc., 2025 Term Loan, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.50%), 5.15%, 10/08/32<br>| &nbsp;&nbsp;&nbsp; 44 | 44148 |
| &nbsp;&nbsp;&nbsp; Filtration Group Corp., 2025 USD Term Loan, (1-mo. <br> CME Term SOFR at 0.50% Floor + 2.50%), 6.15%, <br> 10/21/28<br>| &nbsp;&nbsp;&nbsp; 174 | 174404 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Environmental Control (continued)** | **Environmental Control (continued)** | **Environmental Control (continued)** |
| &nbsp;&nbsp;&nbsp; GFL ES U.S. LLC, 2025 Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 2.50%), 6.17%, 03/03/32<br>| &nbsp;&nbsp;&nbsp; $234 | $234097 |
| &nbsp;&nbsp;&nbsp; JFL-Tiger Acquisition Co, Inc., Term Loan B, (3-mo. CME <br> Term SOFR at 0.50% Floor + 3.75%), 7.46%, <br> 10/17/30<br>| &nbsp;&nbsp;&nbsp; 60 | 59859 |
| &nbsp;&nbsp;&nbsp; PECF USS Intermediate Holding III Corp., 2026 Term <br> Loan, (3-mo. CME Term SOFR at 2.00% Floor + <br> 7.50%), 11.18%, 03/03/33<br>| &nbsp;&nbsp;&nbsp; 8 | 7439 |
| Reworld Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor <br> + 2.25%), 5.90%, 11/30/28<br>| &nbsp;&nbsp;&nbsp; 35 | 34810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 1st Lien Term Loan B, (1-mo. CME Term SOFR <br> at 0.50% Floor + 2.25%), 5.90%, 01/15/31<br>| &nbsp;&nbsp;&nbsp; 37 | 36907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 1st Lien Term Loan C, (1-mo. CME Term SOFR <br> at 0.50% Floor + 2.25%), 5.91%, 01/15/31<br>| &nbsp;&nbsp;&nbsp; 10 | 9986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B1, (1-mo. CME Term SOFR at <br> 0.50% Floor + 2.25%), 5.91%, 01/15/31<br>| &nbsp;&nbsp;&nbsp; 61 | 61451 |
|  |  | 738180 |
| **Food — 1.6%** | **Food — 1.6%** | **Food — 1.6%** |
| &nbsp;&nbsp;&nbsp; Chobani LLC, 2025 Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 2.25%), 5.90%, 10/28/32<br>| &nbsp;&nbsp;&nbsp; 237 | 238635 |
| Froneri U.S., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 USD Term Loan B4, (6-mo. CME Term SOFR at <br> 0.00% Floor + 2.25%), 5.88%, 09/30/31<br>| &nbsp;&nbsp;&nbsp; 264 | 261473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 USD Term Loan B6, (6-mo. CME Term SOFR at <br> 0.00% Floor + 2.25%), 5.88%, 09/30/32<br>| &nbsp;&nbsp;&nbsp; 39 | 38602 |
| &nbsp;&nbsp;&nbsp; H-Food Holdings LLC, 2025 Exit Term Loan, (3-mo. <br> CME Term SOFR at 2.00% Floor + 6.50%), 10.16%, <br> 03/29/30<br>| &nbsp;&nbsp;&nbsp; 4 | 4471 |
| &nbsp;&nbsp;&nbsp; Treehouse Foods, Inc., 2026 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 4.25%), 7.90%, <br> 02/11/33<br>| &nbsp;&nbsp;&nbsp; 95 | 95683 |
| &nbsp;&nbsp;&nbsp; US Foods, Inc., 2024 1st Lien Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 1.75%), 5.40%, <br> 10/03/31<br>| &nbsp;&nbsp;&nbsp; 160 | 161215 |
| &nbsp;&nbsp;&nbsp; UTZ Quality Foods LLC, 2025 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.20%, <br> 01/29/32<br>| &nbsp;&nbsp;&nbsp; 42 | 41819 |
|  |  | 841898 |
| **Food Service — 0.0%** | **Food Service — 0.0%** | **Food Service — 0.0%** |
| &nbsp;&nbsp;&nbsp; Aramark Services, Inc., 2025 Repriced Term Loan, <br> (1-mo. CME Term SOFR at 0.00% Floor + 1.75%), <br> 5.40%, 04/06/28<br>| &nbsp;&nbsp;&nbsp; 20 | 20042 |
| **Forest Products & Paper — 0.1%** | **Forest Products & Paper — 0.1%** | **Forest Products & Paper — 0.1%** |
| &nbsp;&nbsp;&nbsp; Asplundh Tree Expert LLC, 2021 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 1.85%), 5.50%, <br> 09/07/27<br>| &nbsp;&nbsp;&nbsp; 63 | 63384 |
| **Gas — 0.0%** | **Gas — 0.0%** | **Gas — 0.0%** |
| &nbsp;&nbsp;&nbsp; Meade Pipeline Co. LLC, Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.00%), 5.69%, <br> 09/22/32<br>| &nbsp;&nbsp;&nbsp; 25 | 25055 |
| **Hand & Machine Tools — 0.1%** | **Hand & Machine Tools — 0.1%** | **Hand & Machine Tools — 0.1%** |
| &nbsp;&nbsp;&nbsp; Madison Safety & Flow LLC, 2025 1st Lien Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.15%, 09/26/31<br>| &nbsp;&nbsp;&nbsp; 51 | 51528 |
| **Health Care - Products — 1.4%** | **Health Care - Products — 1.4%** | **Health Care - Products — 1.4%** |
| &nbsp;&nbsp;&nbsp; Hopper Merger Sub, Inc., 2026 USD Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 2.25%), <br> 5.92%, 04/07/33<br>| &nbsp;&nbsp;&nbsp; 425 | 422611 |
| Medline Borrower LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (1-mo. CME Term SOFR at 0.50% <br> Floor + 1.75%), 5.40%, 10/23/28<br>| &nbsp;&nbsp;&nbsp; 112 | 112332 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**iShares Floating Rate Loan Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Incremental Term Loan B, (1-mo. CME Term <br> SOFR at 0.50% Floor + 1.75%), 5.40%, 10/23/30<br>| &nbsp;&nbsp;&nbsp; $139 | $139942 |
| &nbsp;&nbsp;&nbsp; QuidelOrtho Corp., Term Loan, (1-mo. CME Term SOFR <br> at 0.00% Floor + 4.00%), 7.65%, 08/20/32<br>| &nbsp;&nbsp;&nbsp; 88 | 84868 |
|  |  | 759753 |
| **Health Care - Services — 2.2%** | **Health Care - Services — 2.2%** | **Health Care - Services — 2.2%** |
| &nbsp;&nbsp;&nbsp; AHP Health Partners, Inc., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 2.25%), 5.90%, <br> 09/20/32<br>| &nbsp;&nbsp;&nbsp; 17 | 17450 |
| &nbsp;&nbsp;&nbsp; Bausch & Lomb Corp., 2025 Repriced Term Loan, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.75%), <br> 7.40%, 01/15/31<br>| &nbsp;&nbsp;&nbsp; 265 | 266541 |
| &nbsp;&nbsp;&nbsp; Concentra Health Services, Inc., 2025 Repriced Term <br> Loan B, (1-mo. CME Term SOFR at 0.00% Floor + <br> 2.00%), 5.65%, 07/26/31<br>| &nbsp;&nbsp;&nbsp; 69 | 69514 |
| &nbsp;&nbsp;&nbsp; Examworks Bidco, Inc., 2026 Term Loan B, (1-mo. CME <br> Term SOFR at 0.50% Floor + 2.50%), 6.15%, <br> 02/06/33<br>| &nbsp;&nbsp;&nbsp; 115 | 115797 |
| &nbsp;&nbsp;&nbsp; ICON Luxembourg SARL, 2024 LUX Term Loan B, <br> (3-mo. CME Term SOFR at 0.50% Floor + 2.00%), <br> 5.70%, 07/03/28<br>| &nbsp;&nbsp;&nbsp; 24 | 23969 |
| &nbsp;&nbsp;&nbsp; LifePoint Health, Inc., 2024 1st Lien Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.75%), 7.42%, <br> 05/19/31<br>| &nbsp;&nbsp;&nbsp; 99 | 98573 |
| &nbsp;&nbsp;&nbsp; Option Care Health, Inc., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 1.75%), 5.40%, <br> 09/22/32<br>| &nbsp;&nbsp;&nbsp; 113 | 112997 |
| &nbsp;&nbsp;&nbsp; Sotera Health Holdings LLC, 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.50%), 6.15%, <br> 05/30/31<br>| &nbsp;&nbsp;&nbsp; 143 | 143869 |
| &nbsp;&nbsp;&nbsp; Star Parent, Inc., Term Loan B, (3-mo. CME Term SOFR <br> at 0.00% Floor + 4.00%), 7.70%, 09/27/30<br>| &nbsp;&nbsp;&nbsp; 108 | 107996 |
| &nbsp;&nbsp;&nbsp; Surgery Center Holdings, Inc., 2025 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.15%, 12/19/30<br>| &nbsp;&nbsp;&nbsp; 168 | 168612 |
| &nbsp;&nbsp;&nbsp; Team Health Holdings, Inc., 2026 Repriced Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 4.00%), <br> 7.66%, 06/30/28<br>| &nbsp;&nbsp;&nbsp; 40 | 39707 |
|  |  | 1165025 |
| **Holding Companies - Diversified — 0.1%** | **Holding Companies - Diversified — 0.1%** | **Holding Companies - Diversified — 0.1%** |
| &nbsp;&nbsp;&nbsp; Acuren Delaware Holdco, Inc., 2025 Term Loan, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.75%), 6.40%, <br> 07/30/31<br>| &nbsp;&nbsp;&nbsp; 37 | 36854 |
| **Home Furnishings — 0.7%** | **Home Furnishings — 0.7%** | **Home Furnishings — 0.7%** |
| &nbsp;&nbsp;&nbsp; AI Aqua Merger Sub, Inc., 2026 Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 2.50%), 6.16%, <br> 07/31/28<br>| &nbsp;&nbsp;&nbsp; 197 | 197326 |
| &nbsp;&nbsp;&nbsp; Somnigroup International, Inc., Term Loan B, (1-mo. <br> SOFR + 2.25%), 5.90%, 10/24/31<br>| &nbsp;&nbsp;&nbsp; 35 | 34709 |
| &nbsp;&nbsp;&nbsp; Weber-Stephen Products LLC, 2025 Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 3.75%), <br> 7.44%, 10/01/32<br>| &nbsp;&nbsp;&nbsp; 132 | 128432 |
|  |  | 360467 |
| **Household Products & Wares — 0.2%** | **Household Products & Wares — 0.2%** | **Household Products & Wares — 0.2%** |
| &nbsp;&nbsp;&nbsp; Fortrex Sanitation LLC, 2025 Takeback Term Loan, <br> (1-mo. CME Term SOFR at 1.00% Floor + 1.10%), <br> 4.75%, 03/10/31<br>| &nbsp;&nbsp;&nbsp; 6 | 5821 |
| &nbsp;&nbsp;&nbsp; Lavender US HoldCo 1, Inc., USD Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.25%), 6.95%, <br> 12/30/32<br>| &nbsp;&nbsp;&nbsp; 79 | 78187 |
| &nbsp;&nbsp;&nbsp; Reynolds Consumer Products LLC, 2025 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 1.75%), <br> 5.40%, 03/04/32<br>| &nbsp;&nbsp;&nbsp; 28 | 28131 |
|  |  | 112139 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Housewares — 0.5%** | **Housewares — 0.5%** | **Housewares — 0.5%** |
| &nbsp;&nbsp;&nbsp; Hunter Douglas, Inc., 2025 USD Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 6.70%, <br> 01/20/32<br>| &nbsp;&nbsp;&nbsp; $197 | $195089 |
| &nbsp;&nbsp;&nbsp; Restoration Hardware, Inc., Term Loan B, (1-mo. CME <br> Term SOFR at 0.50% Floor + 2.61%), 6.27%, <br> 10/20/28<br>| &nbsp;&nbsp;&nbsp; 19 | 18986 |
| &nbsp;&nbsp;&nbsp; SWF Holdings I Corp, 2024 FLFO Delayed Draw Term <br> Loan, (1-mo. CME Term SOFR at 1.00% Floor + <br> 4.50%), 8.15%, 12/19/29<br>| &nbsp;&nbsp;&nbsp; 22 | 21693 |
| &nbsp;&nbsp;&nbsp; SWF Holdings I Corp., 2024 FLFO A1 Term Loan, (1-mo. <br> CME Term SOFR at 1.00% Floor + 4.50%), 8.15%, <br> 12/19/29<br>| &nbsp;&nbsp;&nbsp; 16 | 16270 |
|  |  | 252038 |
| **Insurance — 6.3%** | **Insurance — 6.3%** | **Insurance — 6.3%** |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC, 2025 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.15%, 09/19/31<br>| &nbsp;&nbsp;&nbsp; 403 | 401866 |
| &nbsp;&nbsp;&nbsp; AmWINS Group, Inc., 2026 Term Loan B, (1-mo. CME <br> Term SOFR at 0.75% Floor + 2.00%), 5.65%, <br> 01/30/32<br>| &nbsp;&nbsp;&nbsp; 339 | 338275 |
| &nbsp;&nbsp;&nbsp; Amynta Agency Borrower, Inc., 2026 Repriced Term <br> Loan B, (1-mo. CME Term SOFR at 0.00% Floor + <br> 2.50%), 6.15%, 12/29/31<br>| &nbsp;&nbsp;&nbsp; 206 | 204152 |
| &nbsp;&nbsp;&nbsp; Ardonagh Group Finco Pty. Ltd., 2024 USD Term Loan <br> B, (6-mo. CME Term SOFR at 0.00% Floor + 2.75%), <br> 6.37%, 02/15/31<br>| &nbsp;&nbsp;&nbsp; 208 | 204901 |
| Asurion LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2026 Term Loan B14, (3-mo. CME Term SOFR at <br> 0.00% Floor + 3.75%), 7.41%, 02/23/33<br>| &nbsp;&nbsp;&nbsp; 30 | 29488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B12, (1-mo. CME Term SOFR at <br> 0.00% Floor + 4.25%), 7.91%, 09/19/30<br>| &nbsp;&nbsp;&nbsp; 40 | 39669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B13, (3-mo. CME Term SOFR at <br> 0.00% Floor + 4.25%), 7.91%, 09/19/30<br>| &nbsp;&nbsp;&nbsp; 221 | 221232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B11, (3-mo. CME Term SOFR at <br> 0.00% Floor + 4.35%), 8.01%, 08/19/28<br>| &nbsp;&nbsp;&nbsp; 11 | 10558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2021 Second Lien Term Loan B4, (1-mo. CME Term <br> SOFR + 5.51%), 9.16%, 01/20/29<br>| &nbsp;&nbsp;&nbsp; 26 | 25574 |
| &nbsp;&nbsp;&nbsp; Baldwin Insurance Group Holdings LLC, 2025 Term <br> Loan B2, (1-mo. CME Term SOFR at 0.00% Floor + <br> 2.50%), 6.15%, 05/26/31<br>| &nbsp;&nbsp;&nbsp; 86 | 85523 |
| &nbsp;&nbsp;&nbsp; CRC Insurance Group LLC, 2024 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.75%), 6.45%, <br> 05/06/31<br>| &nbsp;&nbsp;&nbsp; 239 | 236968 |
| &nbsp;&nbsp;&nbsp; HUB International Ltd., 2025 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.25%), 5.92%, <br> 06/20/30<br>| &nbsp;&nbsp;&nbsp; 429 | 430256 |
| &nbsp;&nbsp;&nbsp; Hyperion Refinance SARL, 2025 USD Term Loan B, <br> (1-mo. CME Term SOFR at 0.50% Floor + 2.75%), <br> 6.40%, 02/15/31<br>| &nbsp;&nbsp;&nbsp; 174 | 171474 |
| &nbsp;&nbsp;&nbsp; Jones DesLauriers Insurance Management, Inc., 2026 <br> Repriced Term Loan B, (3-mo. CME Term SOFR at <br> 0.00% Floor + 3.00%), 6.66%, 02/02/33<br>| &nbsp;&nbsp;&nbsp; 184 | 181651 |
| &nbsp;&nbsp;&nbsp; OneDigital Borrower LLC, 2025 Repriced Term Loan, <br> (1-mo. CME Term SOFR at 0.50% Floor + 3.00%), <br> 6.65%, 07/02/31<br>| &nbsp;&nbsp;&nbsp; 21 | 20518 |
| &nbsp;&nbsp;&nbsp; Ryan Specialty LLC, 2024 USD Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 5.65%, <br> 09/15/31<br>| &nbsp;&nbsp;&nbsp; 136 | 136091 |
| &nbsp;&nbsp;&nbsp; Sedgwick Claims Management Services, Inc., 2023 <br> Term Loan B, (1-mo. CME Term SOFR at 0.00% Floor <br> + 2.50%), 6.15%, 07/31/31<br>| &nbsp;&nbsp;&nbsp; 246 | 244111 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**iShares Floating Rate Loan Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| USI, Inc./New York |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan C, (3-mo. CME Term SOFR at 0.00% <br> Floor + 2.25%), 5.95%, 09/29/30<br>| &nbsp;&nbsp;&nbsp; $192 | $192168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan D, (3-mo. CME Term SOFR at 0.00% <br> Floor + 2.25%), 5.95%, 11/21/29<br>| &nbsp;&nbsp;&nbsp; 228 | 228555 |
|  |  | 3403030 |
| **Internet — 1.8%** | **Internet — 1.8%** | **Internet — 1.8%** |
| &nbsp;&nbsp;&nbsp; Barracuda Networks, Inc., 2022 Term Loan, (3-mo. CME <br> Term SOFR at 0.50% Floor + 4.50%), 8.16%, <br> 08/15/29<br>| &nbsp;&nbsp;&nbsp; 92 | 62716 |
| &nbsp;&nbsp;&nbsp; CNT Holdings I Corp., 2025 Term Loan, (3-mo. CME <br> Term SOFR at 0.75% Floor + 2.50%), 6.16%, <br> 11/08/32<br>| &nbsp;&nbsp;&nbsp; 128 | 128170 |
| &nbsp;&nbsp;&nbsp; Gen Digital, Inc., 2024 Term Loan B, (1-mo. CME Term <br> SOFR + 1.75%), 5.40%, 09/12/29<br>| &nbsp;&nbsp;&nbsp; 196 | 192700 |
| &nbsp;&nbsp;&nbsp; Go Daddy Operating Co. LLC, 2024 Term Loan B8, <br> (1-mo. CME Term SOFR at 0.00% Floor + 1.75%), <br> 5.40%, 11/09/29<br>| &nbsp;&nbsp;&nbsp; 84 | 83133 |
| &nbsp;&nbsp;&nbsp; MH Sub I LLC, 2024 Term Loan B4, (1-mo. CME Term <br> SOFR at 0.50% Floor + 4.25%), 7.90%, 12/31/31<br>| &nbsp;&nbsp;&nbsp; 53 | 41168 |
| &nbsp;&nbsp;&nbsp; Proofpoint, Inc., 2025 Repriced Term Loan, (3-mo. CME <br> Term SOFR at 0.50% Floor + 3.00%), 6.70%, <br> 08/31/28<br>| &nbsp;&nbsp;&nbsp; 318 | 308277 |
| &nbsp;&nbsp;&nbsp; StubHub Holdco Sub LLC, 2024 Extended Term Loan B, <br> (1-mo. CME Term SOFR + 4.75%), 8.40%, 03/15/30<br>| &nbsp;&nbsp;&nbsp; 170 | 168112 |
|  |  | 984276 |
| **Leisure Time — 0.5%** | **Leisure Time — 0.5%** | **Leisure Time — 0.5%** |
| &nbsp;&nbsp;&nbsp; Alterra Mountain Co., 2025 Term Loan B8, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.50%), 6.15%, <br> 05/31/30<br>| &nbsp;&nbsp;&nbsp; 94 | 93896 |
| &nbsp;&nbsp;&nbsp; Bombardier Recreational Products, Inc., 2024 Term Loan <br> B4, (1-mo. CME Term SOFR at 0.00% Floor + <br> 2.25%), 5.90%, 01/22/31<br>| &nbsp;&nbsp;&nbsp; 52 | 51455 |
| &nbsp;&nbsp;&nbsp; Hayward Industries, Inc., 2021 Term Loan, (1-mo. CME <br> Term SOFR + 2.61%), 6.27%, 05/30/28<br>| &nbsp;&nbsp;&nbsp; 24 | 23942 |
| &nbsp;&nbsp;&nbsp; Whatabrands LLC, 2024 1st Lien Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 2.50%), 6.15%, <br> 08/03/28<br>| &nbsp;&nbsp;&nbsp; 73 | 73171 |
|  |  | 242464 |
| **Lodging — 1.6%** | **Lodging — 1.6%** | **Lodging — 1.6%** |
| Aimbridge Acquisition Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 First Out Term Loan, (1-mo. CME Term SOFR at <br> 1.00% Floor + 5.61%), 9.28%, 03/11/30<br>| &nbsp;&nbsp;&nbsp; 20 | 19647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 1st Lien Second Out Term Loan, (1-mo. CME <br> Term SOFR at 1.00% Floor + 7.61%), 11.28%, <br> 03/11/30<br>| &nbsp;&nbsp;&nbsp; 19 | 18533 |
| &nbsp;&nbsp;&nbsp; Fertitta Entertainment LLC, 2022 Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 3.25%), 6.90%, <br> 01/27/29<br>| &nbsp;&nbsp;&nbsp; 268 | 265871 |
| &nbsp;&nbsp;&nbsp; Four Seasons Hotels Ltd., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 1.75%), 5.40%, <br> 09/22/32<br>| &nbsp;&nbsp;&nbsp; 80 | 80885 |
| &nbsp;&nbsp;&nbsp; Hilton Domestic Operating Co., Inc., 2023 Term Loan B4, <br> (1-mo. CME Term SOFR + 1.75%), 5.40%, 11/08/30<br>| &nbsp;&nbsp;&nbsp; 129 | 129542 |
| &nbsp;&nbsp;&nbsp; Station Casinos LLC, 2024 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.00%), 5.65%, <br> 03/14/31<br>| &nbsp;&nbsp;&nbsp; 162 | 161942 |
| &nbsp;&nbsp;&nbsp; Turquoise Topco Ltd., Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 3.25%), 6.95%, 12/30/32<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 89 | 87331 |
| &nbsp;&nbsp;&nbsp; Wyndham Hotels & Resorts, Inc., 2024 Term Loan, <br> (1-mo. CME Term SOFR at 0.00% Floor + 1.75%), <br> 5.40%, 05/24/30<br>| &nbsp;&nbsp;&nbsp; 110 | 110431 |
|  |  | 874182 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery — 2.1%** | **Machinery — 2.1%** | **Machinery — 2.1%** |
| &nbsp;&nbsp;&nbsp; Arcline FM Holdings LLC, 2025 1st Lien Term Loan, <br> (3-mo. CME Term SOFR at 0.75% Floor + 2.75%), <br> 0.00%, 06/23/30<br>| &nbsp;&nbsp;&nbsp; $100 | $100691 |
| &nbsp;&nbsp;&nbsp; Chart Industries, Inc., 2024 Term Loan B, (3-mo. CME <br> Term SOFR + 2.50%), 6.18%, 03/15/30<br>| &nbsp;&nbsp;&nbsp; 37 | 36891 |
| &nbsp;&nbsp;&nbsp; Columbus McKinnon Corp., 2026 Term Loan B, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.50%), 7.20%, <br> 02/03/33<br>| &nbsp;&nbsp;&nbsp; 128 | 128092 |
| &nbsp;&nbsp;&nbsp; Generac Power Systems, Inc., 2024 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 1.75%), <br> 5.41%, 07/03/31<br>| &nbsp;&nbsp;&nbsp; 49 | 49473 |
| &nbsp;&nbsp;&nbsp; Indicor LLC, 2026 USD Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 2.50%), 6.20%, 11/22/29<br>| &nbsp;&nbsp;&nbsp; 74 | 73860 |
| &nbsp;&nbsp;&nbsp; Innio North America Holding Inc, 2026 USD Term Loan <br> B, (3-mo. CME Term SOFR at 0.00% Floor + 2.00%), <br> 5.66%, 11/02/31<br>| &nbsp;&nbsp;&nbsp; 117 | 117321 |
| &nbsp;&nbsp;&nbsp; TK Elevator US Newco, Inc., 2025 USD Term Loan B, <br> (6-mo. CME Term SOFR at 0.50% Floor + 2.75%), <br> 6.38%, 04/30/30<br>| &nbsp;&nbsp;&nbsp; 361 | 364039 |
| &nbsp;&nbsp;&nbsp; Wec U.S. Holdings Ltd., 2024 Term Loan, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.00%), 5.66%, <br> 01/27/31<br>| &nbsp;&nbsp;&nbsp; 236 | 236655 |
|  |  | 1107022 |
| **Machinery - Diversified — 0.2%** | **Machinery - Diversified — 0.2%** | **Machinery - Diversified — 0.2%** |
| &nbsp;&nbsp;&nbsp; LSF12 Helix Parent LLC, USD Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.50%), 7.15%, <br> 02/10/33<br>| &nbsp;&nbsp;&nbsp; 103 | 103120 |
| **Manufacturing — 0.7%** | **Manufacturing — 0.7%** | **Manufacturing — 0.7%** |
| &nbsp;&nbsp;&nbsp; CompoSecure Holdings LLC, Term Loan, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.25%), 5.92%, <br> 01/14/33<br>| &nbsp;&nbsp;&nbsp; 154 | 154257 |
| &nbsp;&nbsp;&nbsp; Entegris, Inc., 2023 Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 5.40%, 07/06/29<br>| &nbsp;&nbsp;&nbsp; 51 | 51446 |
| &nbsp;&nbsp;&nbsp; Graham Packaging Co., Inc., 2026 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.25%), 5.90%, <br> 01/26/33<br>| &nbsp;&nbsp;&nbsp; 113 | 112774 |
| &nbsp;&nbsp;&nbsp; MSOF Beacon LLC, 2025 Repriced Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.50%), 6.17%, <br> 12/23/32<br>| &nbsp;&nbsp;&nbsp; 47 | 47157 |
|  |  | 365634 |
| **Media — 1.8%** | **Media — 1.8%** | **Media — 1.8%** |
| Charter Communications Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2023 Term Loan B4, (3-mo. CME Term SOFR at <br> 0.00% Floor + 2.00%), 5.69%, 12/07/30<br>| &nbsp;&nbsp;&nbsp; 41 | 40788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 Term Loan B5, (3-mo. CME Term SOFR at <br> 0.00% Floor + 2.25%), 5.94%, 12/15/31<br>| &nbsp;&nbsp;&nbsp; 81 | 80927 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC, 2019 Term Loan B5, (Prime + <br> 1.50%), 8.25%, 04/15/27<br>| &nbsp;&nbsp;&nbsp; 214 | 189088 |
| &nbsp;&nbsp;&nbsp; Learfield Communications LLC, 2024 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 4.50%), <br> 8.15%, 06/30/28<br>| &nbsp;&nbsp;&nbsp; 78 | 78386 |
| &nbsp;&nbsp;&nbsp; NEP Group, Inc., 2025 Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 4.50%), 8.15%, 10/17/31<br>| &nbsp;&nbsp;&nbsp; 134 | 120550 |
| &nbsp;&nbsp;&nbsp; Nexstar Media, Inc., 2026 Term Loan B7, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.75%), 6.40%, <br> 03/18/33<br>| &nbsp;&nbsp;&nbsp; 62 | 61903 |
| &nbsp;&nbsp;&nbsp; Numericable US LLC, 2025 USD Term Loan B14, (3-mo. <br> CME Term SOFR at 0.00% Floor + 6.88%), 10.55%, <br> 05/31/31<br>| &nbsp;&nbsp;&nbsp; 104 | 106201 |
| &nbsp;&nbsp;&nbsp; Radiate Holdco LLC, 2025 FLFO Term Loan, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.61% and 1.50% <br> PIK), 8.77%, 09/25/29<sup>(f)</sup><br>| &nbsp;&nbsp;&nbsp; 191 | 173956 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**iShares Floating Rate Loan Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| &nbsp;&nbsp;&nbsp; Sunrise Financing Partnership, Term Loan AAA, (6-mo. <br> CME Term SOFR at 0.00% Floor + 2.47%), 6.10%, <br> 02/15/32<br>| &nbsp;&nbsp;&nbsp; $40 | $39985 |
| &nbsp;&nbsp;&nbsp; Telenet Financing USD LLC, 2020 USD Term Loan AR, <br> (1-mo. CME Term SOFR at 0.00% Floor + 2.11%), <br> 5.77%, 04/28/28<br>| &nbsp;&nbsp;&nbsp; 30 | 29837 |
| &nbsp;&nbsp;&nbsp; Virgin Media Bristol LLC, 2020 USD Term Loan Q, <br> (1-mo. CME Term SOFR + 3.36%), 7.02%, 01/31/29<br>| &nbsp;&nbsp;&nbsp; 24 | 23435 |
|  |  | 945056 |
| **Mining — 0.7%** | **Mining — 0.7%** | **Mining — 0.7%** |
| &nbsp;&nbsp;&nbsp; Covia Holdings Corp., 2025 Repriced Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 2.75%), <br> 6.43%, 02/26/32<br>| &nbsp;&nbsp;&nbsp; 108 | 107892 |
| &nbsp;&nbsp;&nbsp; Novelis Corp., 2025 Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 5.45%, 03/11/32<br>| &nbsp;&nbsp;&nbsp; 237 | 237275 |
| &nbsp;&nbsp;&nbsp; Tega MC Australia Holdings Pty Ltd., Term Loan B, <br> 03/25/33<sup>(c)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 54 | 53933 |
|  |  | 399100 |
| **Oil & Gas — 0.2%** | **Oil & Gas — 0.2%** | **Oil & Gas — 0.2%** |
| &nbsp;&nbsp;&nbsp; Hilcorp Energy I LP, Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 1.75%), 5.41%, 02/11/30<br>| &nbsp;&nbsp;&nbsp; 84 | 84220 |
| **Oil & Gas Services — 0.1%** | **Oil & Gas Services — 0.1%** | **Oil & Gas Services — 0.1%** |
| &nbsp;&nbsp;&nbsp; Deep Blue Operating I LLC, Term Loan, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.75%), 6.41%, <br> 10/01/32<br>| &nbsp;&nbsp;&nbsp; 27 | 27101 |
| **Packaging & Containers — 2.0%** | **Packaging & Containers — 2.0%** | **Packaging & Containers — 2.0%** |
| &nbsp;&nbsp;&nbsp; Charter Next Generation, Inc., 2025 Repriced Term Loan <br> B, (1-mo. CME Term SOFR at 0.75% Floor + 2.50%), <br> 6.16%, 11/29/30<br>| &nbsp;&nbsp;&nbsp; 251 | 251072 |
| Clydesdale Acquisition Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (1-mo. CME Term SOFR + 3.18%), <br> 6.83%, 04/13/29<br>| &nbsp;&nbsp;&nbsp; 20 | 19034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B, (1-mo. CME Term SOFR at 0.00% <br> Floor + 3.25%), 6.90%, 04/01/32<br>| &nbsp;&nbsp;&nbsp; 160 | 147854 |
| LABL, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2021 USD 1st Lien Term Loan, 0.00%, 10/30/28<sup>(d)(e)</sup> | &nbsp;&nbsp;&nbsp; 146 | 68283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2026 USD Interim New Money DIP Term Loan, (3-mo. <br> CME Term SOFR at 0.50% Floor + 6.75%), <br> 10.38%, 12/02/26<br>| &nbsp;&nbsp;&nbsp; 12 | 11738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2026 USD Interim Roll up DIP Term Loan, (3-mo. <br> CME Term SOFR at 0.50% Floor + 6.75%), <br> 10.41%, 12/02/26<br>| &nbsp;&nbsp;&nbsp; 11 | 9557 |
| &nbsp;&nbsp;&nbsp; Mauser Packaging Solutions Holding Co., 2025 Term <br> Loan B, (3-mo. CME Term SOFR at 0.00% Floor + <br> 3.50%), 7.16%, 04/15/30<br>| &nbsp;&nbsp;&nbsp; 90 | 88294 |
| &nbsp;&nbsp;&nbsp; Pregis TopCo LLC, 2025 Refinancing Term Loan, (1-mo. <br> CME Term SOFR at 0.00% Floor + 4.00%), 7.65%, <br> 02/01/29<br>| &nbsp;&nbsp;&nbsp; 56 | 55813 |
| &nbsp;&nbsp;&nbsp; Proampac PG Borrower LLC, 2026 USD Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 4.00%), <br> 7.66%, 03/07/33<br>| &nbsp;&nbsp;&nbsp; 89 | 86797 |
| &nbsp;&nbsp;&nbsp; Ring Container Technologies Group LLC, 2025 Term <br> Loan B, (1-mo. CME Term SOFR at 0.50% Floor + <br> 2.50%), 6.15%, 09/15/32<br>| &nbsp;&nbsp;&nbsp; 78 | 77574 |
| &nbsp;&nbsp;&nbsp; Sword Purchaser LLC, USD Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 4.00%), 7.65%, <br> 04/11/33<br>| &nbsp;&nbsp;&nbsp; 210 | 203612 |
| &nbsp;&nbsp;&nbsp; Trident TPI Holdings, Inc., 2024 Term Loan B7, (3-mo. <br> CME Term SOFR at 0.50% Floor + 3.75%), 7.45%, <br> 09/15/28<br>| &nbsp;&nbsp;&nbsp; 73 | 68446 |
|  |  | 1088074 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals — 1.3%** | **Pharmaceuticals — 1.3%** | **Pharmaceuticals — 1.3%** |
| &nbsp;&nbsp;&nbsp; Amneal Pharmaceuticals LLC, 2026 Term Loan, (1-mo. <br> CME Term SOFR at 0.50% Floor + 3.00%), 6.65%, <br> 08/01/32<br>| &nbsp;&nbsp;&nbsp; $182 | $182517 |
| &nbsp;&nbsp;&nbsp; Elanco Animal Health, Inc., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 1.75%), 5.41%, <br> 10/31/32<br>| &nbsp;&nbsp;&nbsp; 60 | 60046 |
| &nbsp;&nbsp;&nbsp; Endo Finance Holdings LP, 2024 1st Lien Term Loan, <br> (1-mo. CME Term SOFR at 0.50% Floor + 3.75%), <br> 7.40%, 04/23/31<br>| &nbsp;&nbsp;&nbsp; 35 | 34290 |
| &nbsp;&nbsp;&nbsp; Gainwell Acquisition Corp., Term Loan B, (3-mo. CME <br> Term SOFR at 0.75% Floor + 4.10%), 7.80%, <br> 10/01/27<br>| &nbsp;&nbsp;&nbsp; 51 | 50378 |
| &nbsp;&nbsp;&nbsp; Jazz Financing Lux SARL, 2024 1st Lien Term Loan B2, <br> (1-mo. CME Term SOFR + 2.25%), 5.90%, 05/05/28<br>| &nbsp;&nbsp;&nbsp; 160 | 160502 |
| &nbsp;&nbsp;&nbsp; Perrigo Investments LLC, 2024 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 5.65%, <br> 04/20/29<br>| &nbsp;&nbsp;&nbsp; 105 | 104950 |
| &nbsp;&nbsp;&nbsp; PRA Health Sciences, Inc., 2024 US Term Loan B, <br> (3-mo. CME Term SOFR at 0.50% Floor + 2.00%), <br> 5.70%, 07/03/28<br>| &nbsp;&nbsp;&nbsp; 6 | 5972 |
| &nbsp;&nbsp;&nbsp; Vizient, Inc., 2024 Term Loan B, (1-mo. CME Term <br> SOFR at 0.50% Floor + 1.75%), 5.40%, 08/01/31<br>| &nbsp;&nbsp;&nbsp; 91 | 91152 |
|  |  | 689807 |
| **Pipelines — 1.5%** | **Pipelines — 1.5%** | **Pipelines — 1.5%** |
| &nbsp;&nbsp;&nbsp; BIP PipeCo Holdings LLC, Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.00%), 5.68%, <br> 12/06/30<br>| &nbsp;&nbsp;&nbsp; 20 | 20334 |
| &nbsp;&nbsp;&nbsp; Buckeye Partners LP, 2025 Term Loan B7, (1-mo. CME <br> Term SOFR at 0.00% Floor + 1.75%), 5.40%, <br> 11/22/32<br>| &nbsp;&nbsp;&nbsp; 46 | 46697 |
| &nbsp;&nbsp;&nbsp; Calcasieu Pass Funding LLC, 2026 Term Loan B, (6-mo. <br> CME Term SOFR at 0.00% Floor + 3.25%), 6.95%, <br> 04/11/33<br>| &nbsp;&nbsp;&nbsp; 86 | 86201 |
| &nbsp;&nbsp;&nbsp; Colossus Acquireco LLC, Term Loan B, (3-mo. SOFR + <br> 1.75%), 5.38%, 07/30/32<br>| &nbsp;&nbsp;&nbsp; 219 | 218954 |
| &nbsp;&nbsp;&nbsp; Freeport LNG Investments, LLLP, 2026 Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 3.25%), <br> 6.93%, 02/11/33<br>| &nbsp;&nbsp;&nbsp; 148 | 147807 |
| &nbsp;&nbsp;&nbsp; GIP Pilot Acquisition Partners LP, 2025 Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 2.00%), <br> 5.67%, 10/04/30<br>| &nbsp;&nbsp;&nbsp; 7 | 7292 |
| &nbsp;&nbsp;&nbsp; M6 ETX Holdings II Midco LLC, 2025 1st Lien Term Loan <br> B, (1-mo. CME Term SOFR at 0.00% Floor + 2.50%), <br> 6.15%, 04/01/32<br>| &nbsp;&nbsp;&nbsp; 59 | 58771 |
| &nbsp;&nbsp;&nbsp; NGL Energy Partners LP, 2026 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.50%), 7.15%, <br> 03/11/33<br>| &nbsp;&nbsp;&nbsp; 56 | 56105 |
| &nbsp;&nbsp;&nbsp; Oryx Midstream Services Permian Basin LLC, 2025 <br> Term Loan B, (1-mo. CME Term SOFR at 0.50% Floor <br> + 2.25%), 5.90%, 10/05/28<br>| &nbsp;&nbsp;&nbsp; 164 | 164355 |
|  |  | 806516 |
| **Real Estate — 0.0%** | **Real Estate — 0.0%** | **Real Estate — 0.0%** |
| &nbsp;&nbsp;&nbsp; Cushman & Wakefield U.S. Borrower LLC, 2025 Term <br> Loan B3, (1-mo. CME Term SOFR at 0.50% Floor + <br> 2.75%), 6.40%, 01/31/30<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 25 | 25489 |
| **Real Estate Investment Trusts — 0.2%** | **Real Estate Investment Trusts — 0.2%** | **Real Estate Investment Trusts — 0.2%** |
| &nbsp;&nbsp;&nbsp; Iron Mountain, Inc., 2023 Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 2.00%), 5.65%, <br> 01/31/31<br>| &nbsp;&nbsp;&nbsp; 60 | 59696 |
| &nbsp;&nbsp;&nbsp; RHP Hotel Properties LP, 2024 1st Lien Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 1.75%), <br> 5.40%, 05/20/30<br>| &nbsp;&nbsp;&nbsp; 70 | 70344 |
|  |  | 130040 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**iShares Floating Rate Loan Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail — 2.4%** | **Retail — 2.4%** | **Retail — 2.4%** |
| &nbsp;&nbsp;&nbsp; Boots Group Finco LP, USD Term Loan, (3-mo. CME <br> Term SOFR at 0.00% Floor + 3.25%), 6.92%, <br> 08/30/32<br>| &nbsp;&nbsp;&nbsp; $112 | $112244 |
| &nbsp;&nbsp;&nbsp; Burger King (Restaurant Brands International, Inc.)/New <br> Red Finance, Inc., 2024 Term Loan B6, (1-mo. CME <br> Term SOFR at 0.00% Floor + 1.75%), 5.40%, <br> 09/20/30<br>| &nbsp;&nbsp;&nbsp; 116 | 116018 |
| &nbsp;&nbsp;&nbsp; EG America LLC, 2026 Term Loan B, (1-mo. CME Term <br> SOFR at 0.00% Floor + 3.25%), 6.90%, 02/10/31<br>| &nbsp;&nbsp;&nbsp; 179 | 179000 |
| &nbsp;&nbsp;&nbsp; Gulfside Supply, Inc., Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 3.00%), 6.70%, 06/17/31<br>| &nbsp;&nbsp;&nbsp; 116 | 104201 |
| &nbsp;&nbsp;&nbsp; IRB Holding Corp., 2025 Term Loan B, (1-mo. CME Term <br> SOFR at 0.50% Floor + 2.50%), 6.15%, 12/16/30<br>| &nbsp;&nbsp;&nbsp; 136 | 136171 |
| &nbsp;&nbsp;&nbsp; LBM Acquisition LLC, 2024 Incremental Term Loan B, <br> (1-mo. CME Term SOFR at 0.75% Floor + 3.85%), <br> 7.50%, 06/06/31<br>| &nbsp;&nbsp;&nbsp; 70 | 58092 |
| &nbsp;&nbsp;&nbsp; Les Schwab Tire Centers, 2025 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.50%), 6.17%, <br> 04/23/31<br>| &nbsp;&nbsp;&nbsp; 100 | 99530 |
| &nbsp;&nbsp;&nbsp; Murphy Oil USA, Inc., Term Loan B, (1-mo. CME Term <br> SOFR at 0.50% Floor + 1.75%), 5.41%, 04/07/32<br>| &nbsp;&nbsp;&nbsp; 33 | 33023 |
| &nbsp;&nbsp;&nbsp; Peer USA LLC, 2025 USD Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.25%), 5.95%, <br> 10/14/32<br>| &nbsp;&nbsp;&nbsp; 21 | 20995 |
| &nbsp;&nbsp;&nbsp; QXO Building Products, Inc., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 5.65%, <br> 04/30/32<br>| &nbsp;&nbsp;&nbsp; 82 | 82114 |
| &nbsp;&nbsp;&nbsp; White Cap Supply Holdings LLC, 2024 Term Loan B, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.25%), <br> 6.92%, 10/19/29<br>| &nbsp;&nbsp;&nbsp; 373 | 370621 |
|  |  | 1312009 |
| **Semiconductors — 0.4%** | **Semiconductors — 0.4%** | **Semiconductors — 0.4%** |
| &nbsp;&nbsp;&nbsp; Gryphon Acquire Newco LLC, Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 3.00%), 6.67%, <br> 09/13/32<br>| &nbsp;&nbsp;&nbsp; 92 | 92096 |
| &nbsp;&nbsp;&nbsp; MKS, Inc., 2026 USD Term Loan B, (1-mo. CME Term <br> SOFR at 0.50% Floor + 1.75%), 5.41%, 02/04/33<br>| &nbsp;&nbsp;&nbsp; 97 | 97242 |
|  |  | 189338 |
| **Software — 9.9%** | **Software — 9.9%** | **Software — 9.9%** |
| &nbsp;&nbsp;&nbsp; Applied Systems, Inc., 2024 1st Lien Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.25%), 5.95%, <br> 02/24/31<br>| &nbsp;&nbsp;&nbsp; 216 | 213315 |
| &nbsp;&nbsp;&nbsp; AthenaHealth Group, Inc., 2022 Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 2.75%), 6.40%, <br> 02/15/29<br>| &nbsp;&nbsp;&nbsp; 221 | 220508 |
| &nbsp;&nbsp;&nbsp; Avalara, Inc., 2025 Term Loan, (3-mo. CME Term SOFR <br> at 0.00% Floor + 2.75%), 6.45%, 03/26/32<br>| &nbsp;&nbsp;&nbsp; 91 | 88730 |
| &nbsp;&nbsp;&nbsp; BCPE Pequod Buyer, Inc., USD Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.75%), 6.40%, <br> 11/25/31<br>| &nbsp;&nbsp;&nbsp; 153 | 151584 |
| &nbsp;&nbsp;&nbsp; Boxer Parent Co., Inc., 2025 USD Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 3.00%), 6.67%, <br> 07/30/31<br>| &nbsp;&nbsp;&nbsp; 274 | 253113 |
| &nbsp;&nbsp;&nbsp; Capstone Borrower, Inc., 2025 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.75%), 6.45%, <br> 06/17/30<br>| &nbsp;&nbsp;&nbsp; 61 | 59071 |
| &nbsp;&nbsp;&nbsp; CCC Intelligent Solutions, Inc., Term Loan, (1-mo. CME <br> Term SOFR + 2.00%), 5.65%, 01/23/32<br>| &nbsp;&nbsp;&nbsp; 104 | 102939 |
| &nbsp;&nbsp;&nbsp; Central Parent LLC, 2026 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 3.25%), 6.95%, <br> 07/06/29<br>| &nbsp;&nbsp;&nbsp; 195 | 116559 |
| &nbsp;&nbsp;&nbsp; Clearwater Analytics LLC, 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 5.65%, <br> 04/21/32<br>| &nbsp;&nbsp;&nbsp; 87 | 86430 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| Cloud Software Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B (2031), (3-mo. CME Term SOFR at <br> 0.00% Floor + 3.25%), 6.95%, 03/21/31<br>| &nbsp;&nbsp;&nbsp; $234 | $215809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2025 Term Loan B (2032), (3-mo. CME Term SOFR at <br> 0.00% Floor + 3.25%), 6.95%, 08/13/32<br>| &nbsp;&nbsp;&nbsp; 173 | 159950 |
| &nbsp;&nbsp;&nbsp; Cloudera, Inc., 2021 Term Loan, (1-mo. CME Term <br> SOFR at 0.50% Floor + 3.85%), 7.50%, 10/08/28<br>| &nbsp;&nbsp;&nbsp; 44 | 39006 |
| &nbsp;&nbsp;&nbsp; CoreLogic, Inc., Term Loan, (1-mo. CME Term SOFR at <br> 0.50% Floor + 3.61%), 7.27%, 06/02/28<br>| &nbsp;&nbsp;&nbsp; 171 | 166840 |
| &nbsp;&nbsp;&nbsp; Cotiviti Corp., 2024 Term Loan, (1-mo. CME Term SOFR <br> + 2.75%), 6.41%, 05/01/31<br>| &nbsp;&nbsp;&nbsp; 189 | 173582 |
| &nbsp;&nbsp;&nbsp; Darktrace PLC, 1st Lien Term Loan, (3-mo. CME Term <br> SOFR + 3.25%), 6.93%, 10/09/31<br>| &nbsp;&nbsp;&nbsp; 30 | 28026 |
| &nbsp;&nbsp;&nbsp; Dayforce Bidco LLC, 2026 Term Loan, (3-mo. CME Term <br> SOFR at 0.00% Floor + 3.00%), 6.66%, 02/04/33<br>| &nbsp;&nbsp;&nbsp; 215 | 202584 |
| &nbsp;&nbsp;&nbsp; DS Admiral Bidco LLC, 2024 Term Loan B, (3-mo. CME <br> Term SOFR + 4.25%), 7.95%, 06/26/31<br>| &nbsp;&nbsp;&nbsp; 58 | 54520 |
| Ellucian Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 1st Lien Term Loan B, (1-mo. CME Term SOFR <br> at 0.50% Floor + 2.50%), 6.15%, 10/09/29<br>| &nbsp;&nbsp;&nbsp; 166 | 163205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024 2nd Lien Term Loan, (1-mo. CME Term SOFR at <br> 0.50% Floor + 4.75%), 8.40%, 11/22/32<br>| &nbsp;&nbsp;&nbsp; 29 | 28106 |
| &nbsp;&nbsp;&nbsp; Epicor Software Corp., 2024 Term Loan F, (1-mo. CME <br> Term SOFR at 0.75% Floor + 2.50%), 6.15%, <br> 05/30/31<br>| &nbsp;&nbsp;&nbsp; 217 | 213632 |
| &nbsp;&nbsp;&nbsp; Finastra USA, Inc., 2025 USD Term Loan, (3-mo. CME <br> Term SOFR at 0.00% Floor + 3.75%), 7.42%, <br> 09/15/32<br>| &nbsp;&nbsp;&nbsp; 285 | 271283 |
| &nbsp;&nbsp;&nbsp; Genesys Cloud Services Holdings II LLC, 2025 USD <br> Term Loan B, (1-mo. CME Term SOFR at 0.00% Floor <br> + 2.50%), 6.15%, 01/30/32<br>| &nbsp;&nbsp;&nbsp; 172 | 166403 |
| &nbsp;&nbsp;&nbsp; Kaseya, Inc., 2025 1st Lien Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 3.25%), 6.91%, <br> 03/22/32<br>| &nbsp;&nbsp;&nbsp; 316 | 286497 |
| &nbsp;&nbsp;&nbsp; Mitchell International, Inc., 2024 2nd Lien Term Loan, <br> (1-mo. CME Term SOFR + 5.25%), 8.90%, 06/17/32<br>| &nbsp;&nbsp;&nbsp; 33 | 30493 |
| &nbsp;&nbsp;&nbsp; Modena Buyer LLC, Term Loan, (3-mo. CME Term <br> SOFR at 0.00% Floor + 4.25%), 7.91%, 07/01/31<br>| &nbsp;&nbsp;&nbsp; 54 | 48868 |
| &nbsp;&nbsp;&nbsp; OAK-Eagle Acquireco, Inc., USD Term Loan B, <br> 03/24/33<sup>(g)</sup><br>| &nbsp;&nbsp;&nbsp; 340 | 340085 |
| &nbsp;&nbsp;&nbsp; PointClickCare Technologies, Inc., 2025 Term Loan B, <br> (3-mo. CME Term SOFR at 0.00% Floor + 2.75%), <br> 6.41%, 11/03/31<br>| &nbsp;&nbsp;&nbsp; 73 | 72976 |
| &nbsp;&nbsp;&nbsp; Polaris Newco LLC, USD Term Loan B, (3-mo. CME <br> Term SOFR at 0.50% Floor + 4.26%), 7.93%, <br> 06/02/28<br>| &nbsp;&nbsp;&nbsp; 153 | 133381 |
| &nbsp;&nbsp;&nbsp; Project Boost Purchaser LLC, 2025 Refinancing Term <br> Loan, (3-mo. CME Term SOFR at 0.00% Floor + <br> 2.75%), 6.45%, 07/16/31<br>| &nbsp;&nbsp;&nbsp; 81 | 79014 |
| &nbsp;&nbsp;&nbsp; Quartz Acquireco LLC, 2025 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor + 2.25%), 5.95%, <br> 06/28/30<br>| &nbsp;&nbsp;&nbsp; 89 | 73437 |
| &nbsp;&nbsp;&nbsp; RealPage, Inc., 1st Lien Term Loan, (3-mo. CME Term <br> SOFR + 3.26%), 6.96%, 04/24/28<br>| &nbsp;&nbsp;&nbsp; 153 | 149819 |
| &nbsp;&nbsp;&nbsp; SS&C Technologies, Inc., 2024 Term Loan B8, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 5.65%, <br> 05/09/31<br>| &nbsp;&nbsp;&nbsp; 138 | 138120 |
| &nbsp;&nbsp;&nbsp; UKG, Inc., 2024 Term Loan B, (3-mo. CME Term SOFR <br> at 0.00% Floor + 2.50%), 6.16%, 02/10/31<br>| &nbsp;&nbsp;&nbsp; 250 | 241227 |
| &nbsp;&nbsp;&nbsp; VS Buyer LLC, 2025 Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 2.25%), 5.91%, 04/12/31<br>| &nbsp;&nbsp;&nbsp; 205 | 202455 |
| &nbsp;&nbsp;&nbsp; Waystar Technologies, Inc., 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 2.00%), 5.65%, <br> 10/22/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 60 | 60237 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**iShares Floating Rate Loan Active ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| Zelis Payments Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term Loan B, (1-mo. CME Term SOFR + 2.75%), <br> 6.40%, 09/28/29<br>| &nbsp;&nbsp;&nbsp; $108 | $106844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5th Amendment Term Loan, (1-mo. CME Term SOFR <br> at 0.00% Floor + 3.25%), 6.90%, 11/26/31<br>| &nbsp;&nbsp;&nbsp; 215 | 212416 |
|  |  | 5351064 |
| **Storage & Warehousing — 0.1%** | **Storage & Warehousing — 0.1%** | **Storage & Warehousing — 0.1%** |
| &nbsp;&nbsp;&nbsp; TransMontaigne Partners LLC, Term Loan B, (1-mo. <br> CME Term SOFR at 0.50% Floor + 2.25%), 5.90%, <br> 03/16/30<br>| &nbsp;&nbsp;&nbsp; 40 | 39706 |
| **Telecommunications — 1.3%** | **Telecommunications — 1.3%** | **Telecommunications — 1.3%** |
| &nbsp;&nbsp;&nbsp; Ciena Corp., 2025 Repriced Term Loan B, (1-mo. CME <br> Term SOFR at 0.00% Floor + 1.75%), 5.41%, <br> 10/24/30<br>| &nbsp;&nbsp;&nbsp; 98 | 97858 |
| &nbsp;&nbsp;&nbsp; Digicel International Finance Ltd., 2026 Term Loan B, <br> 08/06/32<sup>(g)</sup><br>| &nbsp;&nbsp;&nbsp; 46 | 45343 |
| &nbsp;&nbsp;&nbsp; Galileo Parent, Inc., 1st Lien Term Loan, (3-mo. CME <br> Term SOFR at 0.00% Floor + 4.50%), 8.17%, <br> 03/03/33<br>| &nbsp;&nbsp;&nbsp; 69 | 68871 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc., 2025 Repriced Term Loan B4, <br> (1-mo. CME Term SOFR at 0.00% Floor + 3.25%), <br> 6.90%, 03/29/32<br>| &nbsp;&nbsp;&nbsp; 236 | 236505 |
| &nbsp;&nbsp;&nbsp; Windstream Services LLC, 2025 Term Loan B, (1-mo. <br> CME Term SOFR at 0.00% Floor + 4.00%), 7.65%, <br> 10/06/32<br>| &nbsp;&nbsp;&nbsp; 118 | 117705 |
| &nbsp;&nbsp;&nbsp; Zayo Group Holdings, Inc., 2025 USD Term Loan, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.11% and 0.50% <br> PIK), 7.27%, 03/11/30<sup>(f)</sup><br>| &nbsp;&nbsp;&nbsp; 153 | 152362 |
|  |  | 718644 |
| **Transportation — 1.1%** | **Transportation — 1.1%** | **Transportation — 1.1%** |
| &nbsp;&nbsp;&nbsp; GB AIT Buyer, Inc., 2026 Term Loan B, (3-mo. CME <br> Term SOFR at 0.00% Floor at 4.25%), 7.91%, <br> 04/29/33<br>| &nbsp;&nbsp;&nbsp; 60 | 60050 |
| &nbsp;&nbsp;&nbsp; Genesee & Wyoming, Inc., 2024 Term Loan, (3-mo. <br> CME Term SOFR at 0.00% Floor + 1.75%), 5.45%, <br> 04/10/31<br>| &nbsp;&nbsp;&nbsp; 328 | 328692 |
| &nbsp;&nbsp;&nbsp; OLA Netherlands BV, Term Loan, (1-mo. CME Term <br> SOFR at 0.75% Floor + 6.35%), 10.00%, 12/15/26<br>| &nbsp;&nbsp;&nbsp; 38 | 37502 |
| &nbsp;&nbsp;&nbsp; Rand Parent LLC, 2025 Term Loan B, (3-mo. CME Term <br> SOFR at 0.00% Floor + 3.00%), 6.70%, 03/18/30<br>| &nbsp;&nbsp;&nbsp; 114 | 114179 |
| &nbsp;&nbsp;&nbsp; Stonepeak Nile Parent LLC, 2025 Term Loan B, (3-mo. <br> CME Term SOFR at 0.00% Floor + 2.25%), 5.92%, <br> 04/09/32<br>| &nbsp;&nbsp;&nbsp; 49 | 49030 |
|  |  | 589453 |
| **Total Floating Rate Loan Interests — 83.3%** <br>**(Cost: $45,687,937)** | **Total Floating Rate Loan Interests — 83.3%** <br>**(Cost: $45,687,937)** | 44877384 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Diversified Consumer Services — 0.0%** | **Diversified Consumer Services — 0.0%** | **Diversified Consumer Services — 0.0%** |
| Luxco Co. Ltd., NVS | &nbsp;&nbsp;&nbsp; 623 | 12686 |
| **Diversified Telecommunication Services — 0.1%** | **Diversified Telecommunication Services — 0.1%** | **Diversified Telecommunication Services — 0.1%** |
| &nbsp;&nbsp;&nbsp; Learfield Communications LLC, NVS, (Acquired <br> 09/06/23, Cost $3,910)<sup>(h)</sup><br>| &nbsp;&nbsp;&nbsp; 312 | 36608 |
| **Food Products — 0.0%** | **Food Products — 0.0%** | **Food Products — 0.0%** |
| Hearthside Equity, NVS | &nbsp;&nbsp;&nbsp; 276 | 4985 |
| **Health Care Providers & Services — 0.0%** | **Health Care Providers & Services — 0.0%** | **Health Care Providers & Services — 0.0%** |
| United Site Services, Inc., NVS<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1827 | 13246 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Hotels, Restaurants & Leisure — 0.1%** | **Hotels, Restaurants & Leisure — 0.1%** | **Hotels, Restaurants & Leisure — 0.1%** |
| Aimbridge Acquisition Co., Inc., NVS<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 459 | $18360 |
| **Leisure Products — 0.0%** | **Leisure Products — 0.0%** | **Leisure Products — 0.0%** |
| Fortrex Technologies, Inc., NVS<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 257 | 6939 |
| **Total Common Stocks — 0.2%** <br>**(Cost $77,490)** | **Total Common Stocks — 0.2%** <br>**(Cost $77,490)** | 92824 |
| **Investment Companies** | **Investment Companies** | **Investment Companies** |
| **Exchange Traded Funds — 3.7%** | **Exchange Traded Funds — 3.7%** | **Exchange Traded Funds — 3.7%** |
| iShares Broad USD High Yield Corporate Bond ETF<sup>(i)</sup> | &nbsp;&nbsp;&nbsp; 54000 | 2010420 |
| **Total Investment Companies — 3.7%** <br>**(Cost $1,990,179)** | **Total Investment Companies — 3.7%** <br>**(Cost $1,990,179)** | 2010420 |
| **Preferred Stocks** | **Preferred Stocks** | **Preferred Stocks** |
| **Software — 0.0%** | **Software — 0.0%** | **Software — 0.0%** |
| &nbsp;&nbsp;&nbsp; Veritas Kapital Assurance PLC, Series G-1, Preference <br> Shares, NVS<br>| &nbsp;&nbsp;&nbsp; 76 | 1463 |
| &nbsp;&nbsp;&nbsp; Veritas Kapital Assurance PLC, Series G, Preference <br> Shares, NVS<br>| &nbsp;&nbsp;&nbsp; 111 | 2137 |
|  |  | 3600 |
| **Total Preferred Stocks — 0.0%** <br>**(Cost $2,925)** | **Total Preferred Stocks — 0.0%** <br>**(Cost $2,925)** | 3600 |
| **Total Long-Term Investments — 88.3%** <br>**(Cost: $48,350,830)** | **Total Long-Term Investments — 88.3%** <br>**(Cost: $48,350,830)** | 47587181 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 11.6%** | **Money Market Funds — 11.6%** | **Money Market Funds — 11.6%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency Shares, <br> 3.61%<sup>(i)(j)</sup><br>| &nbsp;&nbsp;&nbsp; 6240000 | 6240000 |
| **Total Short-Term Securities — 11.6%** <br>**(Cost: $6,240,000)** | **Total Short-Term Securities — 11.6%** <br>**(Cost: $6,240,000)** | 6240000 |
| **Total Investments — 99.9%** <br>**(Cost: $54,590,830)** | **Total Investments — 99.9%** <br>**(Cost: $54,590,830)** | 53827181 |
| **Other Assets Less Liabilities — 0.1%** | **Other Assets Less Liabilities — 0.1%** | 77820 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $53905001 |

---

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

<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> Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. 

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

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

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

<sup>(g)</sup> Represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate. 

<sup>(h)</sup> Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $36,608, representing 0.1% of its net assets as of period end, and an original cost of $3,910. 

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

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

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**iShares Floating Rate Loan Active ETF**

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended April 30, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*07/31/25*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| &nbsp;&nbsp; *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*04/30/26*<br>| *Shares* <br>*Held at* <br>*04/30/26*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares<sup>(a)</sup><br>| $1351543 | $— | &nbsp;&nbsp; $(1351563 )<sup>(b)</sup><br>| $101 | $(81)<br>| $— |  | $1684 <br><sup>(c)</sup><br>| $— |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency <br> Shares<br>| &nbsp;&nbsp; 5960000 | 280000 <br><sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 6240000 | 6240000 | &nbsp;&nbsp; 184366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; iShares 0-5 Year High Yield Corporate Bond <br> ETF<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 871560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; (864675)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13548 | (20433)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; 35034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; iShares Broad USD High Yield Corporate Bond <br> ETF<br>| &nbsp;&nbsp;&nbsp;&nbsp; 673020 | 1339487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | (2087)<br>| &nbsp;&nbsp; 2010420 | 54000 | &nbsp;&nbsp;&nbsp; 50431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; iShares iBoxx $ High Yield Corporate Bond <br> ETF<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 576726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; (578427)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37863 | (36162)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp;&nbsp; 8388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  | $51512 | $(58763) | $8250420 |  | $279903 | $— |

---

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

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

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

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

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

**Centrally Cleared Credit Default Swaps — Sell Protection** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Obligation/Index* | *Financing* <br>*Rate Received* <br>*by the Fund*<br>| &nbsp;&nbsp;&nbsp; *Payment* <br>*Frequency*<br>| &nbsp;&nbsp;&nbsp; *Termination* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Credit* <br>*Rating*<sup>(a)</sup> <br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)*<sup>(b)</sup>  | &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)*<sup>(b)</sup>  | *Value* | &nbsp;&nbsp;&nbsp; *Upfront* <br>*Premium* <br>*Paid* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Received)*<br>| &nbsp;&nbsp;&nbsp; *Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| CDX.NA.HY.45.V2 | 5.00<br> %<br>| Quarterly | 12/20/30 | B- | USD | 743 | $58549 | $58376 | $173 |

---

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

<sup>(a)</sup> Using the rating of the issuer or the underlying securities of the index, as applicable, provided by S&P Global Ratings.

<sup>(b)</sup> The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement.

**OTC Total Return Swaps** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Paid by the Fund* | *Paid by the Fund* | *Received by the Fund* | *Received by the Fund* |  |  |  |  |  |  |  |  |
| *Rate* | *Frequency* | *Reference* | *Frequency* | *Counterparty* | *Effective* <br>*Date*<br>| *Termination* <br>*Date*<br>| *Notional* <br>*Amount (000)* | *Notional* <br>*Amount (000)* | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)*<br>| *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| 1-day SOFR, 3.66% | Quarterly | &nbsp;&nbsp;&nbsp; Markit iBoxx USD Liquid <br> Leveraged Loan Index<br>| At <br> Termination<br>| Morgan Stanley <br> & Co. <br> International <br> PLC<br>| N/A | 06/20/26 | USD | 1000 | $10019 | $(10811)<br>| $20830 |
| 1-day SOFR, 3.66% | Quarterly | &nbsp;&nbsp;&nbsp; Markit iBoxx USD Liquid <br> Leveraged Loan Index<br>| At <br> Termination<br>| Morgan Stanley <br> & Co. <br> International <br> PLC<br>| N/A | 09/20/26 | USD | 1000 | 11467 | (9017)<br>| 20484 |
|  |  |  |  |  |  |  |  |  | $21486 | $(19828)<br>| $41314 |

---

**Fair Value Hierarchy as of Period End** 

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

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

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

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

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**iShares Floating Rate Loan Active ETF**

**Fair Value Hierarchy as of Period End (continued)**

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $418361 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $418361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed Rate Loan Interests | &nbsp;&nbsp; — | &nbsp;&nbsp; 184592 | &nbsp;&nbsp; — | &nbsp;&nbsp; 184592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Floating Rate Loan Interests | &nbsp;&nbsp; — | &nbsp;&nbsp; 44149035 | &nbsp;&nbsp; 728349 | &nbsp;&nbsp; 44877384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp; 54279 | &nbsp;&nbsp; 38545 | &nbsp;&nbsp; 92824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp; 2010420 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2010420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp; 3600 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 6240000 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 6240000 |
| &nbsp;&nbsp;&nbsp; Unfunded Floating Rate Loan Interests<sup>(a)</sup> | &nbsp;&nbsp; — | &nbsp;&nbsp; 148 | &nbsp;&nbsp; — | &nbsp;&nbsp; 148 |
| Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Unfunded Floating Rate Loan Interests<sup>(a)</sup> | &nbsp;&nbsp; — | &nbsp;&nbsp; (34)<br>| &nbsp;&nbsp; (810)<br>| &nbsp;&nbsp; (844)<br>|
|  | &nbsp;&nbsp; $8250420 | &nbsp;&nbsp; $44809981 | &nbsp;&nbsp; $766084 | &nbsp;&nbsp; $53826485 |
| Derivative Financial Instruments<sup>(b)</sup>  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit Contracts | &nbsp;&nbsp; $— | &nbsp;&nbsp; $173 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp; 41314 | &nbsp;&nbsp; — | &nbsp;&nbsp; 41314 |
|  | &nbsp;&nbsp; $— | &nbsp;&nbsp; $41487 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $41487 |

---

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

<sup>(a)</sup> Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment.

<sup>(b)</sup> Derivative financial instruments are swaps. Swaps are valued at the unrealized appreciation (depreciation) on the instrument. 

------

Schedule of Investments (unaudited)(continued)

April 30, 2026

**iShares Floating Rate Loan Active ETF**

A reconciliation of Level 3 financial instruments is presented when the Fund had a significant amount of Level 3 investments and derivative financial instruments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | *Common* <br>*Stocks*<br>| *Floating* <br>*Rate Loan* <br>*Interests*<br>| *Preferred* <br>*Stocks*<br>| *Unfunded* <br>*Floating* <br>*Rate Loan* <br>*Interests*<br>| *Total* |
| Assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Opening balance, as of July 31, 2025 | &nbsp;&nbsp; $102264 | &nbsp;&nbsp; $781451 | &nbsp;&nbsp; $4208 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $887923 |
| &nbsp;&nbsp;&nbsp; Transfers into Level 3<sup>(a)</sup> | &nbsp;&nbsp; — | &nbsp;&nbsp; 230628 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 230628 |
| &nbsp;&nbsp;&nbsp; Transfers out of Level 3<sup>(b)</sup> | &nbsp;&nbsp; (28080)<br>| &nbsp;&nbsp; (241154)<br>| &nbsp;&nbsp; (4208)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (273442)<br>|
| &nbsp;&nbsp;&nbsp; Accrued discounts/premiums | &nbsp;&nbsp; — | &nbsp;&nbsp; 1282 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1282 |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | &nbsp;&nbsp; 2040 | &nbsp;&nbsp; (23088)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (21048)<br>|
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation)<sup>(c)</sup> | &nbsp;&nbsp; (15250)<br>| &nbsp;&nbsp; (8065)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (810)<br>| &nbsp;&nbsp; (24125)<br>|
| &nbsp;&nbsp;&nbsp; Purchases | &nbsp;&nbsp; 24837 | &nbsp;&nbsp; 681789 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 706626 |
| &nbsp;&nbsp;&nbsp; Sales | &nbsp;&nbsp; (47266)<br>| &nbsp;&nbsp; (694494)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (741760)<br>|
| &nbsp;&nbsp;&nbsp; Closing balance, as of April 30, 2026 | &nbsp;&nbsp; $38545 | &nbsp;&nbsp; $728349 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(810)<br>| &nbsp;&nbsp; $766084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investment still held at <br> April 30, 2026<sup>(c)</sup><br>| &nbsp;&nbsp; $(15250)<br>| &nbsp;&nbsp; $(2882)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(810)<br>| &nbsp;&nbsp; $(18942)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; <sup>(a)</sup> As of July 31, 2025, the Fund used observable inputs in determining the value of certain investments. As of April 30, 2026, the Fund used significant unobservable inputs in <br> determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 2 to Level 3 in the fair value hierarchy. | &nbsp;&nbsp;&nbsp;&nbsp; <sup>(a)</sup> As of July 31, 2025, the Fund used observable inputs in determining the value of certain investments. As of April 30, 2026, the Fund used significant unobservable inputs in <br> determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 2 to Level 3 in the fair value hierarchy. | &nbsp;&nbsp;&nbsp;&nbsp; <sup>(a)</sup> As of July 31, 2025, the Fund used observable inputs in determining the value of certain investments. As of April 30, 2026, the Fund used significant unobservable inputs in <br> determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 2 to Level 3 in the fair value hierarchy. | &nbsp;&nbsp;&nbsp;&nbsp; <sup>(a)</sup> As of July 31, 2025, the Fund used observable inputs in determining the value of certain investments. As of April 30, 2026, the Fund used significant unobservable inputs in <br> determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 2 to Level 3 in the fair value hierarchy. | &nbsp;&nbsp;&nbsp;&nbsp; <sup>(a)</sup> As of July 31, 2025, the Fund used observable inputs in determining the value of certain investments. As of April 30, 2026, the Fund used significant unobservable inputs in <br> determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 2 to Level 3 in the fair value hierarchy. | &nbsp;&nbsp;&nbsp;&nbsp; <sup>(a)</sup> As of July 31, 2025, the Fund used observable inputs in determining the value of certain investments. As of April 30, 2026, the Fund used significant unobservable inputs in <br> determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 2 to Level 3 in the fair value hierarchy. |
| &nbsp;&nbsp;&nbsp; <sup>(b)</sup> As of July 31, 2025, the Fund used significant unobservable inputs in determining the value of certain investments. As of April 30, 2026, the Fund used observable inputs in <br> determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 3 to Level 2 in the fair value hierarchy. | &nbsp;&nbsp;&nbsp; <sup>(b)</sup> As of July 31, 2025, the Fund used significant unobservable inputs in determining the value of certain investments. As of April 30, 2026, the Fund used observable inputs in <br> determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 3 to Level 2 in the fair value hierarchy. | &nbsp;&nbsp;&nbsp; <sup>(b)</sup> As of July 31, 2025, the Fund used significant unobservable inputs in determining the value of certain investments. As of April 30, 2026, the Fund used observable inputs in <br> determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 3 to Level 2 in the fair value hierarchy. | &nbsp;&nbsp;&nbsp; <sup>(b)</sup> As of July 31, 2025, the Fund used significant unobservable inputs in determining the value of certain investments. As of April 30, 2026, the Fund used observable inputs in <br> determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 3 to Level 2 in the fair value hierarchy. | &nbsp;&nbsp;&nbsp; <sup>(b)</sup> As of July 31, 2025, the Fund used significant unobservable inputs in determining the value of certain investments. As of April 30, 2026, the Fund used observable inputs in <br> determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 3 to Level 2 in the fair value hierarchy. | &nbsp;&nbsp;&nbsp; <sup>(b)</sup> As of July 31, 2025, the Fund used significant unobservable inputs in determining the value of certain investments. As of April 30, 2026, the Fund used observable inputs in <br> determining the value of the same investments. As a result, investments at beginning of period value were transferred from Level 3 to Level 2 in the fair value hierarchy. |
| &nbsp;&nbsp;&nbsp; <sup>(c)</sup> Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at April 30, 2026 is <br> generally due to investments no longer held or categorized as Level 3 at period end. | &nbsp;&nbsp;&nbsp; <sup>(c)</sup> Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at April 30, 2026 is <br> generally due to investments no longer held or categorized as Level 3 at period end. | &nbsp;&nbsp;&nbsp; <sup>(c)</sup> Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at April 30, 2026 is <br> generally due to investments no longer held or categorized as Level 3 at period end. | &nbsp;&nbsp;&nbsp; <sup>(c)</sup> Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at April 30, 2026 is <br> generally due to investments no longer held or categorized as Level 3 at period end. | &nbsp;&nbsp;&nbsp; <sup>(c)</sup> Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at April 30, 2026 is <br> generally due to investments no longer held or categorized as Level 3 at period end. | &nbsp;&nbsp;&nbsp; <sup>(c)</sup> Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at April 30, 2026 is <br> generally due to investments no longer held or categorized as Level 3 at period end. |

---

The Fund's financial instruments that are categorized as Level 3 were valued utilizing third-party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of such Level 3 financial investments. <br>

---

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

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| CME | Chicago Mercantile Exchange |
| CPI | Consumer Price Index |
| DIP | Debtor-In-Possession |

---

---

| | |
|:---|:---|
| NVS | Non-Voting Shares |
| PIK | Payment-in-kind |
| PILOT | Payment in Lieu of Taxes |
| SOFR | Secured Overnight Financing Rate |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** WILMINGTON

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

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

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

- **a. Name of Series:** iShares Floating Rate Loan Active ETF

- **b. EDGAR series identifier (if any):** S000077718

- **c. LEI of Series:** 549300ROS5C1CAWJAS67

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

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

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $54979447.36

**Total Liabilities:** $1079153.22

**Net Assets:** $53900294.14

**Delayed Delivery Securities:** $727556.30

**Cash Not Reported:** $168833.32

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 625.76000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 10753.83000000 | **1-Year:** 6.12000000 | **5-Year:** 571.11000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000238207 | -0.65%               | 0.59%                | 1.11%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-14546.28               | $-549160.51                                |
| Month 2  | $-79890.53               | $115080.27                                 |
| Month 3  | $-39162.58               | $294733.81                                 |

**Designated Index Information**

- **Index Name:** Morningstar LSTA Leveraged Loan Index

- **Index Identifier:** SPBDAL

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Scientific Games Holdings LP                         | Scientific Games Holdings LP 2024 USD Term Loan B                     | CUSIP: 80875CAE7<br>LEI: 549300W5GPFXXB6TQ330 | Long             | LON              | CORP              | US        |     93537 | PA      | $92017.13     | 0.17%             | 2029-04-04      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| TK Elevator Midco GmbH                               | TK Elevator Midco GmbH 2025 USD Term Loan B                           | CUSIP: 000000000<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | US        |    361129 | PA      | $364039.22    | 0.68%             | 2030-04-30      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| TKO Worldwide Holdings LLC                           | TKO Worldwide Holdings LLC 2025 Term Loan                             | CUSIP: 90266UAL7<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |    354309 | PA      | $355116.77    | 0.66%             | 2031-11-21      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Crown Finance US Inc                                 | Crown Finance US Inc 2025 Term Loan B                                 | CUSIP: 22834KAV3<br>LEI: 254900ABTWPQTCKKR839 | Long             | LON              | CORP              | US        |     69015 | PA      | $68918.81     | 0.13%             | 2031-12-02      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| Weber-Stephen Products LLC                           | Weber-Stephen Products LLC 2025 Term Loan B                           | CUSIP: 94767KAR2<br>LEI: 549300XU8TJBBGLK8V26 | Long             | LON              | CORP              | US        |    132000 | PA      | $128432.04    | 0.24%             | 2032-10-01      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| Core & Main LP                                       | Core & Main LP 2024 Term Loan D                                       | CUSIP: 40416VAG0<br>LEI: 549300ZSLF8Q660SCD17 | Long             | LON              | CORP              | US        |     95588 | PA      | $95786.79     | 0.18%             | 2028-07-27      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Chart Industries Inc                                 | Chart Industries Inc 2024 Term Loan B                                 | CUSIP: 16115EAT4<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | LON              | CORP              | US        |     36856 | PA      | $36890.65     | 0.07%             | 2030-03-15      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| PENN Entertainment Inc                               | PENN Entertainment Inc 2022 Term Loan B                               | CUSIP: 70757DAZ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     90192 | PA      | $90490.98     | 0.17%             | 2029-05-03      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc                                    | Iron Mountain Inc 2023 Term Loan B                                    | CUSIP: 46284NAV1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | LON              |  | US        |     59771 | PA      | $59696.08     | 0.11%             | 2031-01-31      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Elanco Animal Health Incorporated                    | Elanco Animal Health Inc 2025 Term Loan B                             | CUSIP: 28414BAJ5<br>LEI: 549300SHPNDCE059M934 | Long             | LON              | CORP              | US        |     59897 | PA      | $60046.38     | 0.11%             | 2032-10-31      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                          | Allied Universal Holdco LLC 2025 USD Term Loan B                      | CUSIP: 01957TAX5<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |    378860 | PA      | $379780.16    | 0.70%             | 2032-08-20      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                    | Clarios Global LP 2025 USD Term Loan B                                | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    149250 | PA      | $149872.37    | 0.28%             | 2032-01-28      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| Flutter Financing BV                                 | Flutter Financing BV 2024 Term Loan B                                 | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |    210186 | PA      | $209398.21    | 0.39%             | 2030-11-30      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| JUPITER BORROWER INC                                 | JUPITER BORROWER INC TERM LOAN B                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     57000 | PA      | $57142.50     | 0.11%             | 2033-03-25      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc                   | Clear Channel Outdoor Holdings Inc 2024 Term Loan                     | CUSIP: 18452RAF2<br>LEI: 254900XBEE6V1ENYS150 | Long             | LON              | CORP              | US        |     23822 | PA      | $23876.42     | 0.04%             | 2028-08-23      | Floating      | 7.77%                 | No            |                  2 | On Loan: No      |
| US Foods Inc                                         | US Foods Inc 2024 1st Lien Term Loan B                                | CUSIP: 90351HAG3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | LON              | CORP              | US        |    159975 | PA      | $161214.81    | 0.30%             | 2031-10-03      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Propulsion (BC) Finco S.a.r.l.                       | Propulsion (BC) Finco Sarl 2025 Repriced Term Loan B                  | CUSIP: 000000000<br>LEI: 254900S4YQSQVLEZ8D35 | Long             | LON              | CORP              | LU        |     57363 | PA      | $57662.14     | 0.11%             | 2032-12-01      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| RESILIENCE PARENT LLC                                | Resilience Parent LLC 1st Lien Term Loan                              | CUSIP: 75908HAC1<br>LEI: 254900ZT6ZFUC887FB87 | Long             | LON              | CORP              | US        |    186000 | PA      | $186372.00    | 0.35%             | 2033-02-28      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Camelot US Acquisition LLC                           | Camelot US Acquisition LLC 2024 Term Loan B                           | CUSIP: 000000000<br>LEI: 549300U6VBJHQP2SFL81 | Long             | LON              | CORP              | US        |     57123 | PA      | $53570.08     | 0.10%             | 2031-01-31      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| Cloudera Inc                                         | Cloudera Inc 2021 Term Loan                                           | CUSIP: 74339VAB4<br>LEI: 549300PGONC4JOI0RG62 | Long             | LON              | CORP              | US        |     43613 | PA      | $39006.41     | 0.07%             | 2028-10-08      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| Oryx Midstream Services Permian Basin LLC            | Oryx Midstream Services Permian Basin LLC 2025 Term Loan B            | CUSIP: 68764JAJ0<br>LEI: 254900YYHRDANYFAHC43 | Long             | LON              | CORP              | US        |    163934 | PA      | $164355.32    | 0.30%             | 2028-10-05      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Boots Group Bidco Ltd                                | Boots Group Bidco Ltd USD Term Loan                                   | CUSIP: 09947PAB7<br>LEI: 254900YVLYOVF1PF1N93 | Long             | LON              | CORP              | US        |    111720 | PA      | $112243.97    | 0.21%             | 2032-08-30      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                   | TRSWAP: IBXXLLTR INDEX                                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              |  | US        |   1000000 | OU      | $10018.70     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Deep Blue Operating I LLC                            | Deep Blue Operating I LLC Term Loan                                   | CUSIP: 24369TAD3<br>LEI: 254900D4FS23P1TU7R69 | Long             | LON              | CORP              | US        |     27000 | PA      | $27101.25     | 0.05%             | 2032-10-01      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| CITY FOOTBALL GROUP LIMITED                          | City Football Group Limited 2024 Term Loan                            | CUSIP: 17781XAD8<br>LEI: 213800K6VVWALRH9UJ69 | Long             | LON              | CORP              | GB        |     98186 | PA      | $97793.53     | 0.18%             | 2030-07-22      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| ABG Intermediate Holdings 2 LLC                      | ABG Intermediate Holdings 2 LLC 2025 Delayed Draw Term Loan           | CUSIP: 00076VBM1<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |     59301 | PA      | $59362.42     | 0.11%             | 2032-02-13      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Heritage-Crystal Clean Inc                           | Heritage-Crystal Clean Inc Term Loan B                                | CUSIP: 465966AB5<br>LEI: 254900KPFL42CYD2VY03 | Long             | LON              | CORP              | US        |     59859 | PA      | $59858.52     | 0.11%             | 2030-10-17      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| ECO Services Operations Corp                         | ECO Services Operations Corp 2024 Term Loan B                         | CUSIP: 27922JAC0<br>LEI: 254900NH3N3I82Z6Q744 | Long             | LON              | CORP              | US        |     57829 | PA      | $57880.93     | 0.11%             | 2031-06-12      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Six Flags Entertainment Corporation                  | Six Flags Entertainment Corporation 2024 Term Loan B                  | CUSIP: 15018LAN1<br>LEI: 529900AS2CYWYFHRS781 | Long             | LON              | CORP              | US        |     38020 | PA      | $37726.65     | 0.07%             | 2031-05-01      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| GFL Environmental Inc                                | GFL Environmental Inc 2025 Term Loan B                                | CUSIP: 36257SAB8<br>LEI: 254900PGDQWC19PRP053 | Long             | LON              | CORP              | US        |    233805 | PA      | $234097.26    | 0.43%             | 2032-03-03      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| 1011778 BC Unlimited Liability Company               | 1011778 BC Unlimited Liability Company 2024 Term Loan B6              | CUSIP: 000000000<br>LEI: 549300RHSHNRWI5LLA86 | Long             | LON              | CORP              | CA        |    115982 | PA      | $116017.89    | 0.22%             | 2030-09-20      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                        | TransDigm Inc 2026 Term Loan N                                        | CUSIP: 89364MCG7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |     89000 | PA      | $89128.16     | 0.17%             | 2033-02-13      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Radiate Holdco LLC                                   | Radiate Holdco LLC 2025 FLFO Term Loan                                | CUSIP: 75025KAM0<br>LEI: 5493000GQJ5RDX9DNJ71 | Long             | LON              | CORP              | US        |    191190 | PA      | $173956.22    | 0.32%             | 2029-09-25      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| Galaxy US Opco Inc                                   | Galaxy US Opco Inc Term Loan                                          | CUSIP: 36321DAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     65969 | PA      | $56815.74     | 0.11%             | 2030-07-31      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                       | NRG ENERGY INC 2026 INCREMENTAL TERM LOAN B                           | CUSIP: 62937NBF3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | LON              | CORP              | US        |     29000 | PA      | $29101.50     | 0.05%             | 2033-04-28      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| PointClickCare Technologies, Inc.                    | PointClickCare Technologies Inc 2025 Term Loan B                      | CUSIP: 000000000<br>LEI: 5493001Z0LHHBZLVDX36 | Long             | LON              | CORP              | CA        |     73022 | PA      | $72976.54     | 0.14%             | 2031-11-03      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Genesee & Wyoming Inc (New)                          | Genesee & Wyoming Inc (New) 2024 Term Loan                            | CUSIP: 37156QAZ9<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | LON              | CORP              | US        |    328495 | PA      | $328691.75    | 0.61%             | 2031-04-10      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Sparta US HoldCo LLC                                 | Sparta US HoldCo LLC 2024 Term Loan B                                 | CUSIP: 84673EAE9<br>LEI: 5493004EFF9NBQ1A8453 | Long             | LON              | CORP              | US        |    123908 | PA      | $123946.70    | 0.23%             | 2030-08-02      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| AMYNTA AGENCY BORROWER INC                           | Amynta Agency Borrower Inc 2026 Repriced Term Loan B                  | CUSIP: 57810JAN8<br>LEI: 5493000GP6HBRVTWBO85 | Long             | LON              | CORP              | US        |    205823 | PA      | $204152.03    | 0.38%             | 2031-12-29      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| The Action Environmental Group Inc                   | The Action Environmental Group Inc 2023 Term Loan B                   | CUSIP: 00507JAF3<br>LEI: 549300BB30QUQC86W666 | Long             | LON              | CORP              | US        |     49124 | PA      | $49013.75     | 0.09%             | 2030-10-24      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| INNIO GROUP HOLDING GMBH                             | INNIO Group Holding GmbH 2026 USD Term Loan B                         | CUSIP: 000000000<br>LEI: 549300R5GWIY8X0FZE07 | Long             | LON              | CORP              | US        |    117211 | PA      | $117320.87    | 0.22%             | 2031-11-02      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| McAfee, LLC                                          | McAfee LLC 2024 USD 1st Lien Term Loan B                              | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |    136901 | PA      | $120301.33    | 0.22%             | 2029-03-01      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| Legence Holdings LLC                                 | Legence Holdings LLC 2025 Repriced Term Loan B                        | CUSIP: 75865HAM0<br>LEI: 2549003DYOLJRQR9G070 | Long             | LON              | CORP              | US        |    112808 | PA      | $113190.44    | 0.21%             | 2031-12-16      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| GTCR EVEREST BORROWER LLC                            | GTCR Everest Borrower LLC 2026 Term Loan B                            | CUSIP: 36269YAF2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     44663 | PA      | $44554.98     | 0.08%             | 2031-09-05      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| SBA Senior Finance II LLC                            | SBA Senior Finance II LLC 2024 Term Loan B                            | CUSIP: 78404XAJ4<br>LEI: 549300PVT2ADFWMYEW87 | Long             | LON              | CORP              | US        |    193977 | PA      | $194764.78    | 0.36%             | 2031-01-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Avalara Inc                                          | Avalara Inc 2025 Term Loan                                            | CUSIP: 05338KAD9<br>LEI: 549300Q16CMW239SS315 | Long             | LON              | CORP              | US        |     90518 | PA      | $88729.92     | 0.16%             | 2032-03-26      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Trident TPI Holdings Inc                             | Trident TPI Holdings Inc 2024 Term Loan B7                            | CUSIP: 00216EAL3<br>LEI: 549300TPLK304J3RNC85 | Long             | LON              | CORP              | US        |     72763 | PA      | $68446.45     | 0.13%             | 2028-09-15      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing Inc                                | Level 3 Financing Inc 2025 Repriced Term Loan B4                      | CUSIP: 52729KAU0<br>LEI: 254900AE5FEFIJOXWL19 | Long             | LON              | CORP              | US        |    236000 | PA      | $236505.04    | 0.44%             | 2032-03-29      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| Fortis 333 Inc                                       | Fortis 333 Inc USD Term Loan B                                        | CUSIP: 34958SAB5<br>LEI: 254900SLITS19RU1VB55 | Long             | LON              | CORP              | US        |     73570 | PA      | $72466.14     | 0.13%             | 2032-03-29      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| Blackfin Pipeline LLC                                | Blackfin Pipeline LLC Term Loan B                                     | CUSIP: 09231PAB2<br>LEI: 254900F4BUS186SK8A51 | Long             | LON              | CORP              | US        |     42785 | PA      | $43061.39     | 0.08%             | 2032-09-29      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| Atlas CC Acquisition Corp                            | Atlas CC Acquisition Corp 2025 Second Out Term Loan C                 | CUSIP: 04921TAS3<br>LEI: 6HHLXIOGCDNZ4IRAIW26 | Long             | LON              | CORP              | US        |     37593 | PA      | $6935.88      | 0.01%             | 2029-05-25      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co Inc                           | Dynasty Acquisition Co Inc 2024 1st Lien Term Loan B1                 | CUSIP: 26812CAN6<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |    255449 | PA      | $256209.79    | 0.48%             | 2031-10-31      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| AAL Delaware Holdco Inc                              | AAL Delaware Holdco Inc 2025 Term Loan                                | CUSIP: 00036YAD5<br>LEI: 984500AF5AADE92B5332 | Long             | LON              | CORP              | US        |     36721 | PA      | $36853.68     | 0.07%             | 2031-07-30      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| TEGA MC AUSTRALIA HLDG PTY LTD                       | TEGA MC AUSTRALIA HLDG PTY LTD TERM LOAN B                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | AU        |     54000 | PA      | $53932.50     | 0.10%             | 2033-03-25      | Floating      | 7.16%                 | No            |                  3 | On Loan: No      |
| Aimbridge Acquisition Co Inc                         | Aimbridge Acquisition Co Inc 2025 1st Lien Second Out Term Loan       | CUSIP: 00900YAH9<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | LON              | CORP              | US        |     18976 | PA      | $18533.07     | 0.03%             | 2030-03-11      | Floating      | 11.28%                | No            |                  2 | On Loan: No      |
| OneDigital Borrower LLC                              | OneDigital Borrower LLC 2025 Repriced Term Loan                       | CUSIP: 68277FAN9<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |     20841 | PA      | $20517.88     | 0.04%             | 2031-07-02      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| Ping Identity Corporation                            | Ping Identity Corporation 2025 Term Loan                              | CUSIP: 72342MAB3<br>LEI: 254900DJEBSADAC6R313 | Long             | LON              | CORP              | US        |     50000 | PA      | $49333.50     | 0.09%             | 2032-11-15      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc                                | American Airlines Inc 2017 1st Lien Term Loan                         | CUSIP: 02376CAX3<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |     77534 | PA      | $77243.27     | 0.14%             | 2027-01-29      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Rand Parent, LLC                                     | Rand Parent LLC 2025 Term Loan B                                      | CUSIP: 75223LAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    113852 | PA      | $114179.43    | 0.21%             | 2030-03-18      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Baldwin Insurance Group Holdings LLC                 | Baldwin Insurance Group Holdings LLC 2025 Term Loan B2                | CUSIP: 05825HAH7<br>LEI: 5493004GCDREAQPPYG20 | Long             | LON              | CORP              | US        |     86386 | PA      | $85522.60     | 0.16%             | 2031-05-26      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Zelis Payments Buyer Inc                             | Zelis Payments Buyer Inc Term Loan B                                  | CUSIP: 98932TAG8<br>LEI: 549300U8NGLZN5R1Y309 | Long             | LON              | CORP              | US        |    108060 | PA      | $106844.09    | 0.20%             | 2029-09-28      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| AlixPartners LLP                                     | AlixPartners LLP 2025 USD Term Loan                                   | CUSIP: 01642PBE5<br>LEI: 5493005G2MHUFTGARL57 | Long             | LON              | CORP              | US        |     81919 | PA      | $81934.18     | 0.15%             | 2032-08-12      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| TURQUOISE TOPCO LTD                                  | Turquoise Topco Ltd Term Loan B                                       | CUSIP: 89776TAB7<br>LEI: 254900RI25V4FBT02P38 | Long             | LON              | CORP              | US        |     89000 | PA      | $87331.25     | 0.16%             | 2032-12-30      | Floating      | 6.95%                 | No            |                  3 | On Loan: No      |
| Osaic Holdings, Inc.                                 | Osaic Holdings Inc 2026 Term Loan B                                   | CUSIP: 68773JAJ9<br>LEI: 549300XL60BDV6UW5C86 | Long             | LON              | CORP              | US        |    188000 | PA      | $187862.76    | 0.35%             | 2032-07-30      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Bombardier Recreational Products Inc                 | Bombardier Recreational Products Inc 2024 Term Loan B4                | CUSIP: 000000000<br>LEI: 549300DZZJW11IMTMJ24 | Long             | LON              | CORP              | CA        |     51610 | PA      | $51455.17     | 0.10%             | 2031-01-22      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Jazz Financing Lux Sarl                              | Jazz Financing Lux Sarl 2024 1st Lien Term Loan B2                    | CUSIP: 000000000<br>LEI: 635400WUEO2NSG5OIU34 | Long             | LON              | CORP              | LU        |    159858 | PA      | $160501.74    | 0.30%             | 2028-05-05      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| LSF12 Crown US Commercial Bidco LLC                  | LSF12 Crown US Commercial Bidco LLC 2026 Term Loan B                  | CUSIP: 50221UAE1<br>LEI: 254900FI2OCFTJ9PAJ18 | Long             | LON              | CORP              | US        |     61030 | PA      | $61360.94     | 0.11%             | 2031-12-02      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Clean Harbors Inc                                    | Clean Harbors Inc 2025 Term Loan                                      | CUSIP: 18449EAJ9<br>LEI: 5493000SJVZVZJKHJF48 | Long             | LON              | CORP              | US        |     43890 | PA      | $44148.51     | 0.08%             | 2032-10-08      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC                | Charter Communications Operating LLC 2024 Term Loan B5                | CUSIP: 16117LCE7<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |     81007 | PA      | $80926.70     | 0.15%             | 2031-12-15      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc                                | American Airlines Inc 2024 1st Lien Term Loan B                       | CUSIP: 02376CBR5<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |    146986 | PA      | $144045.98    | 0.27%             | 2028-02-15      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Chemours Company (The)                               | Chemours Company (The) 2025 USD Term Loan B                           | CUSIP: 16384YAM9<br>LEI: 549300M1BOLNXL8DOV14 | Long             | LON              | CORP              | US        |    201368 | PA      | $200613.10    | 0.37%             | 2032-10-15      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| Fertitta Entertainment LLC                           | Fertitta Entertainment LLC 2022 Term Loan B                           | CUSIP: 31556PAB3<br>LEI: 984500A0805D8V551D35 | Long             | LON              | CORP              | US        |    268332 | PA      | $265870.93    | 0.49%             | 2029-01-27      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| Project Boost Purchaser LLC                          | Project Boost Purchaser LLC 2025 Refinancing Term Loan                | CUSIP: 74339NAG1<br>LEI: 254900SVSL94NTLSDY26 | Long             | LON              | CORP              | US        |    130590 | PA      | $128036.63    | 0.24%             | 2031-07-16      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| ACP Tara Holdings Inc                                | ACP Tara Holdings Inc 2025 Term Loan B                                | CUSIP: 00110HAG4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     20000 | PA      | $20030.00     | 0.04%             | 2032-12-15      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| AIT WORLDWIDE LOGISTICS INC                          | AIT WORLDWIDE LOGISTICS INC 2026 TERM LOAN B                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     60000 | PA      | $60049.80     | 0.11%             | 2033-04-29      | Floating      | 7.90%                 | No            |                  2 | On Loan: No      |
| CP Atlas Buyer, Inc.                                 | CP Atlas Buyer Inc 2025 Term Loan                                     | CUSIP: 12658HAL6<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | LON              | CORP              | US        |     98505 | PA      | $87854.64     | 0.16%             | 2030-07-08      | Floating      | 8.90%                 | No            |                  2 | On Loan: No      |
| WEX Inc                                              | WEX Inc 2025 Incremental Term Loan B                                  | CUSIP: 96208UAX9<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | LON              | CORP              | US        |     59400 | PA      | $59166.56     | 0.11%             | 2032-03-05      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| LAVENDER DUTCH BORROWERCO BV                         | Lavender Dutch BorrowerCo BV USD Term Loan                            | CUSIP: 51944RAB8<br>LEI: 254900WC9QQXLKNE2931 | Long             | LON              | CORP              | US        |     78802 | PA      | $78187.05     | 0.15%             | 2032-12-30      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Peraton Corp                                         | Peraton Corp Term Loan B                                              | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |    164422 | PA      | $140229.13    | 0.26%             | 2028-02-01      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| Summer (BC) Holdco B Sa rl                           | Summer (BC) Holdco B Sa rl 2024 USD Term Loan B                       | CUSIP: 000000000<br>LEI: 984500NRF59D5DB9B654 | Long             | LON              | CORP              | LU        |     26728 | PA      | $22426.36     | 0.04%             | 2029-02-15      | Floating      | 8.96%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                          | Asurion LLC 2024 Term Loan B12                                        | CUSIP: 04649VBD1<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     39648 | PA      | $39669.39     | 0.07%             | 2030-09-19      | Floating      | 7.90%                 | No            |                  2 | On Loan: No      |
| CNT Holdings I Corp                                  | CNT Holdings I Corp 2025 Term Loan                                    | CUSIP: 12656AAF6<br>LEI: 254900SYIEHMSB69WT08 | Long             | LON              | CORP              | US        |    127746 | PA      | $128170.08    | 0.24%             | 2032-11-08      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                          | Asurion LLC 2026 Term Loan B14                                        | CUSIP: 04649VBF6<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     30000 | PA      | $29487.60     | 0.05%             | 2033-02-23      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| Restoration Hardware Inc                             | Restoration Hardware Inc 2022 Incremental Term Loan                   | CUSIP: 76133MAC5<br>LEI: 549300H9H1H3OC7C3H47 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2028-10-20      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                       | 1261229 BC Ltd                                                        | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    200000 | PA      | $206555.60    | 0.38%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Focus Financial Partners LLC                         | Focus Financial Partners LLC 2025 Incremental Term Loan B             | CUSIP: 34416DBD9<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |    246667 | PA      | $244611.89    | 0.45%             | 2031-09-15      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| VERITAS SERIES G PREFERRED STO                       | VERITAS SERIES G PREFERRED STO                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       111 | NS      | $2136.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TREEHOUSE FOODS INC                                  | Treehouse Foods Inc 2026 Term Loan B                                  | CUSIP: 89468XAX3<br>LEI: 5493007M7EVHE470Q576 | Long             | LON              | CORP              | US        |     95000 | PA      | $95683.05     | 0.18%             | 2033-02-11      | Floating      | 7.90%                 | No            |                  2 | On Loan: No      |
| Peer Holding III BV                                  | Peer Holding III BV 2025 USD Term Loan B                              | CUSIP: 000000000<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | US        |     21000 | PA      | $20994.75     | 0.04%             | 2032-10-14      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower, LLC                | Prime Security Services Borrower LLC 2025 Incremental Term Loan B     | CUSIP: 03765VAQ3<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |    120116 | PA      | $118727.16    | 0.22%             | 2032-03-07      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Altice France SA                                     | Altice France SA 2025 USD Term Loan B14                               | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | US        |    104355 | PA      | $106200.83    | 0.20%             | 2031-05-31      | Floating      | 10.55%                | No            |                  2 | On Loan: No      |
| Wilsonart LLC                                        | Wilsonart LLC 2024 Term Loan B                                        | CUSIP: 97246FAM8<br>LEI: 549300SAZRUMYKDJBY14 | Long             | LON              | CORP              | US        |    204827 | PA      | $185595.65    | 0.34%             | 2031-08-05      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc                             | Cloud Software Group Inc 2025 Term Loan B (2032)                      | CUSIP: 88632NBL3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |    173123 | PA      | $159950.00    | 0.30%             | 2032-08-13      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| REALTRUCK GROUP INC                                  | REALTRUCK GROUP INC 2026 FLSO TRANCHE B Term Loan B                   | CUSIP: 75607VAD2<br>LEI: 54930007KT5CX7XNSD31 | Long             | LON              | CORP              | US        |     35000 | PA      | $19985.27     | 0.04%             | 2031-01-31      | Floating      | 9.77%                 | No            |                  2 | On Loan: No      |
| CoreLogic Inc                                        | CoreLogic Inc Term Loan                                               | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |    170626 | PA      | $166839.71    | 0.31%             | 2028-06-02      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| APi Group DE Inc                                     | APi Group DE Inc 2025 Term Loan                                       | CUSIP: 00186XAN3<br>LEI: 549300XP4G7B4QYA0G83 | Long             | LON              | CORP              | US        |    291248 | PA      | $292036.97    | 0.54%             | 2029-01-03      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| PACKERS HOLDINGS LLC                                 | Packers Holdings LLC 2025 Takeback Term Loan                          | CUSIP: 34967RAB6<br>LEI: 549300X0L6OJNRPME518 | Long             | LON              | CORP              | US        |      6052 | PA      | $5794.83      | 0.01%             | 2031-03-10      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| VERITAS SERIES G 1 PREFERRED                         | VERITAS SERIES G 1 PREFERRED                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |        76 | NS      | $1463.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Creative Artists Agency LLC                          | Creative Artists Agency LLC 2025 Repriced Term Loan B                 | CUSIP: 22526WAU2<br>LEI: 5493008FV5TCFL3KHH96 | Long             | LON              | CORP              | US        |    241104 | PA      | $241638.97    | 0.45%             | 2031-10-01      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                        | TransDigm Inc 2025 Term Loan M                                        | CUSIP: 89364MCE2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    181090 | PA      | $181348.96    | 0.34%             | 2032-08-19      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| NEP Group Inc                                        | NEP Group Inc 2025 Term Loan B                                        | CUSIP: 62908HAR6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    134000 | PA      | $120550.42    | 0.22%             | 2031-10-17      | Floating      | 8.15%                 | No            |                  2 | On Loan: No      |
| Light and Wonder International, Inc.                 | Light and Wonder International Inc 2026 Term Loan B                   | CUSIP: 80875AAY7<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | LON              | CORP              | US        |    199981 | PA      | $199981.38    | 0.37%             | 2029-04-16      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Medical Solutions Holdings Inc                       | Medical Solutions Holdings Inc 2021 1st Lien Term Loan                | CUSIP: 58462QAH4<br>LEI: 549300JH2XHZ7TIKYR39 | Long             | LON              | CORP              | US        |     28853 | PA      | $3985.44      | 0.01%             | 2028-11-01      | Floating      | 7.26%                 | No            |                  2 | On Loan: No      |
| Parexel International Corporation                    | Parexel International Corporation 2025 Repriced Term Loan B           | CUSIP: 71911KAF1<br>LEI: 549300GCZVUYB6P2OA17 | Long             | LON              | CORP              | US        |    278980 | PA      | $278979.56    | 0.52%             | 2031-12-12      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| Citadel Securities LP                                | Citadel Securities LP 2024 First Lien Term Loan                       | CUSIP: 17288YAN2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |    198029 | PA      | $198688.53    | 0.37%             | 2031-10-31      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Corpay Technologies Operating Company LLC            | Corpay Technologies Operating Company LLC Term Loan B5                | CUSIP: 33903RAZ2<br>LEI: 549300FKKKZCXLK48427 | Long             | LON              | CORP              | US        |    137531 | PA      | $137638.56    | 0.26%             | 2028-04-28      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass, LLC                   | VENTURE GLOBAL CALCASI PAS LLC 2026 TERM LOAN B                       | CUSIP: 12867PAB7<br>LEI: 254900QL2WSD96B4YM44 | Long             | LON              | CORP              | US        |     86000 | PA      | $86201.24     | 0.16%             | 2033-04-11      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Naked Juice LLC                                      | Naked Juice LLC 2025 FLTO Term Loan                                   | CUSIP: 62984CAN3<br>LEI: 549300Y5TU1XQ1KVLJ64 | Long             | LON              | CORP              | US        |     46760 | PA      | $9767.62      | 0.02%             | 2030-01-24      | Floating      | 9.80%                 | No            |                  2 | On Loan: No      |
| FREEPORT LNG INVESTMENTS LLLP                        | Freeport LNG Investments LLLP 2026 Term Loan B                        | CUSIP: 35670CAE8<br>LEI: 549300LR5YVRZH4YPQ33 | Long             | LON              | CORP              | US        |    147714 | PA      | $147807.37    | 0.27%             | 2033-02-11      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| LABL Inc                                             | LABL Inc 2021 USD 1st Lien Term Loan                                  | CUSIP: 50168EAN2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | LON              | CORP              | US        |    157048 | PA      | $73616.06     | 0.14%             | 2028-10-30      | Floating      | 8.76%                 | No            |                  2 | On Loan: No      |
| BIP PipeCo Holdings LLC                              | BIP PipeCo Holdings LLC Term Loan B                                   | CUSIP: 05554DAB6<br>LEI: 254900VCXW4EPI0VC343 | Long             | LON              | CORP              | US        |     20290 | PA      | $20334.37     | 0.04%             | 2030-12-06      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings Inc                              | Zayo Group Holdings Inc 2025 USD Term Loan                            | CUSIP: 98919XAH4<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |    152637 | PA      | $152255.81    | 0.28%             | 2030-03-11      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                     | AmWINS Group Inc 2026 Term Loan B                                     | CUSIP: 03234TBB3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |    338713 | PA      | $338275.57    | 0.63%             | 2032-01-30      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Generac Power Systems Inc                            | Generac Power Systems Inc 2024 Term Loan B                            | CUSIP: 36874VAQ1<br>LEI: 549300JQWLGGW8KC1X38 | Long             | LON              | CORP              | US        |     49125 | PA      | $49472.81     | 0.09%             | 2031-07-03      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Setanta Aircraft Leasing Designated Activity Company | Setanta Aircraft Leasing Designated Activity Company 2024 Term Loan B | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |     10500 | PA      | $10554.18     | 0.02%             | 2028-11-05      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Cotiviti Corporation                                 | Cotiviti Corporation 2024 Fixed Term Loan B                           | CUSIP: 22164MAD9<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |     88071 | PA      | $83502.76     | 0.15%             | 2031-05-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Reworld Holding Corp                                 | Reworld Holding Corp Term Loan B                                      | CUSIP: 22282GAM9<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | LON              | CORP              | US        |     34795 | PA      | $34809.70     | 0.06%             | 2028-11-30      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Barracuda Networks Inc                               | Barracuda Networks Inc 2022 Term Loan                                 | CUSIP: 06832FAB3<br>LEI: 549300CXGRZWNMPU8080 | Long             | LON              | CORP              | US        |     92189 | PA      | $62715.55     | 0.12%             | 2029-08-15      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| LSF12 HELIX PARENT LLC                               | LSF12 Helix Parent LLC USD Term Loan B                                | CUSIP: 54913EAB8<br>LEI: 254900H70V4IL22BHL88 | Long             | LON              | CORP              | US        |    103106 | PA      | $103119.62    | 0.19%             | 2033-02-10      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| Tenneco Inc                                          | Tenneco Inc 2022 Term Loan B                                          | CUSIP: 88037HAP9<br>LEI: 549300U0EXXFAQFAD785 | Long             | LON              | CORP              | US        |    139000 | PA      | $138810.96    | 0.26%             | 2028-11-17      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| Springs Windows Fashions LLC                         | Springs Windows Fashions LLC 2024 FLFO A1 Term Loan                   | CUSIP: 78489HAG3<br>LEI: 5493000CMZKPQ7BKPB20 | Long             | LON              | CORP              | US        |     16422 | PA      | $16269.92     | 0.03%             | 2029-12-19      | Floating      | 8.15%                 | No            |                  2 | On Loan: No      |
| Herschend Entertainment Company, LLC                 | Herschend Entertainment Company LLC 2026 Term Loan B                  | CUSIP: 42778EAH4<br>LEI: 54930087KQ7RPDXK0716 | Long             | LON              | CORP              | US        |     92337 | PA      | $92668.90     | 0.17%             | 2032-05-27      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Pregis TopCo Corporation                             | Pregis TopCo Corporation 2025 Refinancing Term Loan                   | CUSIP: 74045BAG2<br>LEI: 549300LJXHJYHS1GM034 | Long             | LON              | CORP              | US        |     55831 | PA      | $55813.48     | 0.10%             | 2029-02-01      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| HUB International Limited                            | HUB International Limited 2025 Term Loan B                            | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |    429273 | PA      | $430255.83    | 0.80%             | 2030-06-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                        | TransDigm Inc 2025 Term Loan K                                        | CUSIP: 89364MCF9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    115941 | PA      | $116095.01    | 0.22%             | 2030-03-22      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                          | Asurion LLC 2021 Second Lien Term Loan B4                             | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     25514 | PA      | $25573.72     | 0.05%             | 2029-01-20      | Floating      | 9.02%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                  | Medline Borrower LP 2025 Term Loan B                                  | CUSIP: 58503UAH6<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |    111961 | PA      | $112331.98    | 0.21%             | 2028-10-23      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Beach Acquisition Bidco LLC                          | Beach Acquisition Bidco LLC USD Term Loan B                           | CUSIP: 07337FAB1<br>LEI: 254900F2FNX3GBTB6202 | Long             | LON              | CORP              | US        |     30922 | PA      | $31019.29     | 0.06%             | 2032-09-12      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Whitewater Matterhorn Holdings LLC                   | Whitewater Matterhorn Holdings LLC 2026 Term Loan B                   | CUSIP: 96618PAC0<br>LEI: 2138009J7G187M6C4Q91 | Long             | LON              | CORP              | US        |     60960 | PA      | $60785.65     | 0.11%             | 2032-06-16      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Zurn Holdings Inc                                    | Zurn Holdings Inc 2021 Term Loan B                                    | CUSIP: 76168JAS5<br>LEI: 549300XLZXRC2KJ6VK87 | Long             | LON              | CORP              | US        |     20000 | PA      | $20084.40     | 0.04%             | 2028-10-04      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Restoration Hardware Inc                             | Restoration Hardware Inc Term Loan B                                  | CUSIP: 76133MAB7<br>LEI: 549300H9H1H3OC7C3H47 | Long             | LON              | CORP              | US        |     19293 | PA      | $18985.92     | 0.04%             | 2028-10-20      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| POTTERS INDUSTRIES LLC                               | Potters Industries LLC 2025 Repriced Term Loan B                      | CUSIP: 000000000<br>LEI: 391200O5OFXXMCYPAR13 | Long             | LON              | CORP              | US        |     47000 | PA      | $47156.51     | 0.09%             | 2032-12-23      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| CCC Intelligent Solutions Inc                        | CCC Intelligent Solutions Inc Term Loan                               | CUSIP: 12511BAC6<br>LEI: 5493006JEEL9RIWY5T17 | Long             | LON              | CORP              | US        |    103509 | PA      | $102939.33    | 0.19%             | 2032-01-23      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| EOC Borrower LLC                                     | EOC Borrower LLC Term Loan B                                          | CUSIP: 26875YAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    256509 | PA      | $257086.02    | 0.48%             | 2032-03-24      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| Pye-Barker Fire & Safety, LLC                        | Pye-Barker Fire & Safety LLC 2025 Term Loan                           | CUSIP: 69380SAB9<br>LEI: 254900K8RDMGUBC44870 | Long             | LON              | CORP              | US        |     96570 | PA      | $96924.41     | 0.18%             | 2032-12-16      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Surgery Center Holdings Inc                          | Surgery Center Holdings Inc 2025 Term Loan B                          | CUSIP: 86880NBD4<br>LEI: 54930054EVI5HWPPW113 | Long             | LON              | CORP              | US        |    168216 | PA      | $168612.62    | 0.31%             | 2030-12-19      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Cvent, Inc.                                          | Cvent Inc 2025 Term Loan B                                            | CUSIP: 14071CAE8<br>LEI: 254900YSP2BAI3YKIX08 | Long             | LON              | CORP              | US        |     61443 | PA      | $59071.14     | 0.11%             | 2030-06-17      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp                            | Gainwell Acquisition Corp Term Loan B                                 | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     51319 | PA      | $50378.21     | 0.09%             | 2027-10-01      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| Whatabrands LLC                                      | Whatabrands LLC 2024 1st Lien Term Loan B                             | CUSIP: 96244UAJ6<br>LEI: 254900HMMX4HTWIP0085 | Long             | LON              | CORP              | US        |     73071 | PA      | $73170.69     | 0.14%             | 2028-08-03      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Hertz Corporation, (The)                             | Hertz Corporation (The) 2021 Term Loan B                              | CUSIP: 42804VBB6<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |    111367 | PA      | $87367.77     | 0.16%             | 2028-06-30      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| Dealer Tire Financial LLC                            | Dealer Tire Financial LLC 2024 Term Loan B4                           | CUSIP: 24228HAR9<br>LEI: 894500QBE5Z2XQWCJ779 | Long             | LON              | CORP              | US        |    117242 | PA      | $116704.59    | 0.22%             | 2031-07-02      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| Coherent Corp                                        | Coherent Corp 2025 Term Loan B2                                       | CUSIP: 45173JAT1<br>LEI: 549300O5C25A0MMHHU33 | Long             | LON              | CORP              | US        |     97738 | PA      | $97737.69     | 0.18%             | 2029-07-02      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Great Canadian Gaming Corporation                    | Great Canadian Gaming Corporation 2024 Term Loan B                    | CUSIP: 000000000<br>LEI: 549300FU60SSFLTE0M84 | Long             | LON              | CORP              | CA        |     75564 | PA      | $73462.41     | 0.14%             | 2029-11-01      | Floating      | 8.44%                 | No            |                  2 | On Loan: No      |
| Kaman Corporation                                    | Kaman Corporation 2025 Term Loan B                                    | CUSIP: 48354VAM4<br>LEI: 5493003YK076OLTEQF95 | Long             | LON              | CORP              | US        |     44093 | PA      | $44277.24     | 0.08%             | 2032-02-26      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Vizient Inc                                          | Vizient Inc 2024 Term Loan B                                          | CUSIP: 92855LAR7<br>LEI: 5493007V6T3HZ7777P70 | Long             | LON              | CORP              | US        |     91015 | PA      | $91151.98     | 0.17%             | 2031-08-01      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| LABL INC                                             | LABL Inc 2026 USD Interim New Money DIP Term Loan                     | CUSIP: 000000000<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | LON              | CORP              | US        |     11777 | PA      | $11737.67     | 0.02%             | 2026-12-02      | Floating      | 10.38%                | No            |                  2 | On Loan: No      |
| Aruba Investments Holdings LLC                       | Aruba Investments Holdings LLC 2020 USD Term Loan                     | CUSIP: 04317JAB4<br>LEI: 254900GMIYFF4FZ0A357 | Long             | LON              | CORP              | US        |     62504 | PA      | $56879.03     | 0.11%             | 2027-11-24      | Floating      | 7.77%                 | No            |                  3 | On Loan: No      |
| Perrigo Investments, LLC                             | Perrigo Investments LLC 2024 Term Loan B                              | CUSIP: 71429TAF7<br>LEI: 549300POZGC78VHAAJ73 | Long             | LON              | CORP              | US        |    105081 | PA      | $104949.95    | 0.19%             | 2029-04-20      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| American Builders & Contractors Supply Co Inc        | American Builders & Contractors Supply Co Inc 2024 Term Loan B        | CUSIP: 02474RAJ2<br>LEI: 549300H5GQ4C1BEKG397 | Long             | LON              | CORP              | US        |    166361 | PA      | $166839.76    | 0.31%             | 2031-01-31      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| GIP Pilot Acquisition Partners LP                    | GIP Pilot Acquisition Partners LP 2025 Term Loan B                    | CUSIP: 31773HAE2<br>LEI: 254900NQOAOPPA12X060 | Long             | LON              | CORP              | US        |      7268 | PA      | $7291.53      | 0.01%             | 2030-10-04      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                      | SWAP/CDSWAP/ICE: (CDX.NA.HY.45.V2)                                    | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |    742500 | OU      | $58549.21     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas CC Acquisition Corp                            | Atlas CC Acquisition Corp 2025 Second Out Term Loan B                 | CUSIP: 04921TAR5<br>LEI: 6HHLXIOGCDNZ4IRAIW26 | Long             | LON              | CORP              | US        |    278147 | PA      | $51318.20     | 0.10%             | 2029-05-25      | Floating      | 8.19%                 | No            |                  2 | On Loan: No      |
| Polaris Newco LLC                                    | Polaris Newco LLC USD Term Loan B                                     | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |    153465 | PA      | $133381.07    | 0.25%             | 2028-06-02      | Floating      | 7.93%                 | No            |                  2 | On Loan: No      |
| OMNIA Partners LLC                                   | OMNIA Partners LLC 2024 Term Loan B                                   | CUSIP: 68218HAE7<br>LEI: 254900ZD1P5CVG9GOS22 | Long             | LON              | CORP              | US        |     43678 | PA      | $43874.78     | 0.08%             | 2032-12-31      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| Minerals Technologies Inc                            | Minerals Technologies Inc 2024 Term Loan B                            | CUSIP: 60315GAH1<br>LEI: 549300D3I1QU67GP6403 | Long             | LON              | CORP              | US        |     71714 | PA      | $71804.02     | 0.13%             | 2031-11-26      | Floating      | 5.65%                 | No            |                  3 | On Loan: No      |
| Olympus Water US Holding Corporation                 | Olympus Water US Holding Corporation 2025 USD Term Loan B             | CUSIP: 68163YAK1<br>LEI: 549300YU2GGVCBN3MY89 | Long             | LON              | CORP              | US        |    141645 | PA      | $139992.00    | 0.26%             | 2032-11-03      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Waystar Technologies, Inc.                           | Waystar Technologies Inc 2025 Term Loan B                             | CUSIP: 63939WAN3<br>LEI: 549300BIRBTAWWHCSZ09 | Long             | LON              | CORP              | US        |     60237 | PA      | $60236.55     | 0.11%             | 2029-10-22      | Floating      | 5.65%                 | No            |                  3 | On Loan: No      |
| Axalta Coating Systems U.S. Holdings, Inc.           | Axalta Coating Systems US Holdings Inc 2024 Term Loan B7              | CUSIP: 90347BAP3<br>LEI: 549300NZ43V4QV4UGN28 | Long             | LON              | CORP              | US        |    166731 | PA      | $166904.54    | 0.31%             | 2029-12-20      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| CCRR Parent Inc                                      | CCRR Parent Inc Term Loan B                                           | CUSIP: 12510MAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     29534 | PA      | $9842.10      | 0.02%             | 2028-03-06      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| BCPE EMPIRE HOLDINGS INC                             | BCPE Empire Holdings Inc 2026 10th Amendment Term Loan                | CUSIP: 05550HAT2<br>LEI: 549300O2G0VI2955B626 | Long             | LON              | CORP              | US        |    205000 | PA      | $204551.05    | 0.38%             | 2032-12-29      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| Oxea Holding Drei GmbH                               | Oxea Holding Drei GmbH 2017 USD Term Loan B2                          | CUSIP: 000000000<br>LEI: 529900MSP24R2FE9U796 | Long             | LON              | CORP              | US        |     56160 | PA      | $33021.90     | 0.06%             | 2031-04-08      | Floating      | 8.53%                 | No            |                  2 | On Loan: No      |
| WEX Inc                                              | WEX Inc 2024 Term Loan B2                                             | CUSIP: 96208UAW1<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | LON              | CORP              | US        |     29624 | PA      | $29624.05     | 0.05%             | 2028-03-31      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Chamberlain Group Inc                                | Chamberlain Group Inc 2025 Term Loan B                                | CUSIP: 15963CAE6<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |    272360 | PA      | $271820.36    | 0.50%             | 2032-09-08      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| Celestica Inc                                        | Celestica Inc 2024 Term Loan B                                        | CUSIP: 000000000<br>LEI: 549300J3CG5T6RZWLN53 | Long             | LON              | CORP              | CA        |     68538 | PA      | $68410.28     | 0.13%             | 2031-06-20      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| BELRON FINANCE 2019 LLC                              | Belron Finance 2019 LLC 2026 Repriced Term Loan B                     | CUSIP: 08078UAQ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    373099 | PA      | $374654.83    | 0.70%             | 2031-10-16      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings LLC                        | Truist Insurance Holdings LLC 2024 Term Loan B                        | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    238879 | PA      | $236968.00    | 0.44%             | 2031-05-06      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Heritage Environmental Services, Inc.                | HERITAGE ENVIRONMENTAL SER INC 2026 TERM LOAN B                       | CUSIP: 03970GAC8<br>LEI: 549300E3IIHNPMXFHC03 | Long             | LON              | CORP              | US        |     26000 | PA      | $26065.00     | 0.05%             | 2033-04-01      | Floating      | 6.68%                 | No            |                  3 | On Loan: No      |
| Gulfside Supply Inc                                  | Gulfside Supply Inc Term Loan B                                       | CUSIP: 40273UAE9<br>LEI: 5493009BEGVKVXE2HW08 | Long             | LON              | CORP              | US        |    116263 | PA      | $104201.14    | 0.19%             | 2031-06-17      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| AZURIA WATER SOLUTIONS INC                           | AZURIA WATER SOLUTIONS INC 2026 DELAYED DRAW TERM LOAN                | CUSIP: 000000000<br>LEI: 549300AG3DVJURRIT691 | Long             | LON              | CORP              | US        |     14509 | PA      | $14472.66     | 0.03%             | 2033-04-25      | Floating      | 6.40%                 | No            |                  3 | On Loan: No      |
| Element Materials Technology Group US Holdings Inc   | Element Materials Technology Group US Holdings Inc 2022 USD Term Loan | CUSIP: 000000000<br>LEI: 213800EGOJGGUKUGEZ30 | Long             | LON              | CORP              | US        |     75012 | PA      | $75340.55     | 0.14%             | 2029-07-06      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| Drake Software LLC                                   | Drake Software LLC 2024 Term Loan B                                   | CUSIP: 23344UAF7<br>LEI: 25490030X7DBAF7KCR65 | Long             | LON              | CORP              | US        |     58001 | PA      | $54520.50     | 0.10%             | 2031-06-26      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| Mavis Tire Express Services Corp.                    | Mavis Tire Express Services Corp 2025 Repriced Term Loan              | CUSIP: 57777YAG1<br>LEI: 254900NVDM4GTLBL9E56 | Long             | LON              | CORP              | US        |    195060 | PA      | $195204.67    | 0.36%             | 2028-05-04      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| ELEMENT SOLUTIONS INC                                | Element Solutions Inc 2026 Term Loan B                                | CUSIP: 72766TAK5<br>LEI: 549300FLGN6P5CU20J91 | Long             | LON              | CORP              | US        |    204091 | PA      | $204564.15    | 0.38%             | 2030-12-18      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Entegris Inc                                         | Entegris Inc 2023 Term Loan B                                         | CUSIP: 29362LAM6<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | LON              | CORP              | US        |     51286 | PA      | $51446.16     | 0.10%             | 2029-07-06      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                | Quikrete Holdings Inc 2025 Term Loan B1                               | CUSIP: 74839XAM1<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    135050 | PA      | $135089.66    | 0.25%             | 2031-04-14      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| PECF USS Intermediate Holding III Corporation        | PECF USS Intermediate Holding III Corporation 2026 Term Loan          | CUSIP: 69291LAJ5<br>LEI: 254900DIL842DEXPYJ91 | Long             | LON              | CORP              | US        |      7776 | PA      | $7439.06      | 0.01%             | 2033-03-03      | Floating      | 11.18%                | No            |                  2 | On Loan: No      |
| HEARTHSIDE EQUITY                                    | HEARTHSIDE EQUITY                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       276 | NS      | $4985.39      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Wand NewCo 3 Inc                                     | Wand NewCo 3 Inc 2025 Repriced Term Loan B                            | CUSIP: 93369PAM6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | LON              | CORP              | US        |    177596 | PA      | $177804.01    | 0.33%             | 2031-01-30      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Howden Group Holdings Ltd                            | Howden Group Holdings Ltd 2025 USD Term Loan B                        | CUSIP: 000000000<br>LEI: 213800R6D9EVRN5D3117 | Long             | LON              | CORP              | LU        |    174252 | PA      | $171474.47    | 0.32%             | 2031-02-15      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| MKS INSTRUMENTS INC                                  | MKS Instruments Inc 2026 USD Term Loan B                              | CUSIP: 55314NBB9<br>LEI: 549300KEQATBHAGVF505 | Long             | LON              | CORP              | US        |     97000 | PA      | $97242.50     | 0.18%             | 2033-02-04      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Les Schwab Tire Centers                              | Les Schwab Tire Centers 2025 Term Loan B                              | CUSIP: 50220KAD6<br>LEI: 549300GJM1TKHPYFPF83 | Long             | LON              | CORP              | US        |     99613 | PA      | $99530.13     | 0.18%             | 2031-04-23      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Ellucian Holdings, Inc.                              | Ellucian Holdings Inc 2024 2nd Lien Term Loan                         | CUSIP: 28917XAE0<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |     29000 | PA      | $28105.93     | 0.05%             | 2032-11-22      | Floating      | 8.40%                 | No            |                  2 | On Loan: No      |
| Summit Acquisition Inc                               | Summit Acquisition Inc 2025 Add-on Term Loan                          | CUSIP: 86600DAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      5970 | PA      | $5982.42      | 0.01%             | 2031-10-16      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| Virgin Media Bristol LLC                             | Virgin Media Bristol LLC 2020 USD Term Loan Q                         | CUSIP: 000000000<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |     24000 | PA      | $23435.04     | 0.04%             | 2029-01-31      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| Sotera Health Holdings LLC                           | Sotera Health Holdings LLC 2025 Term Loan B                           | CUSIP: 83600VAH4<br>LEI: 549300OVT7MBXFLOFU20 | Long             | LON              | CORP              | US        |    143450 | PA      | $143869.29    | 0.27%             | 2031-05-30      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC                                  | Shift4 Payments LLC 2025 Repriced Term Loan B                         | CUSIP: 82453JAC2<br>LEI: 254900GTEMR7L40VPI74 | Long             | LON              | CORP              | US        |     53865 | PA      | $54033.60     | 0.10%             | 2032-07-03      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment Inc                            | Caesars Entertainment Inc Term Loan B                                 | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |    153179 | PA      | $148456.71    | 0.28%             | 2030-02-06      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| COMPOSECURE HOLDINGS LLC                             | CompoSecure Holdings LLC Term Loan                                    | CUSIP: 20459KAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    154000 | PA      | $154257.18    | 0.29%             | 2033-01-14      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Option Care Health Inc                               | Option Care Health Inc 2025 Term Loan B                               | CUSIP: 68404YAD6<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | LON              | CORP              | US        |    112631 | PA      | $112996.77    | 0.21%             | 2032-09-22      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Ring Container Technologies Group, LLC               | Ring Container Technologies Group LLC 2025 Term Loan B                | CUSIP: 76680YAJ1<br>LEI: 254900MFUG4RPN6Y4A98 | Long             | LON              | CORP              | US        |     77685 | PA      | $77573.72     | 0.14%             | 2032-09-15      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| ABG Intermediate Holdings 2 LLC                      | ABG Intermediate Holdings 2 LLC 2024 1st Lien Term Loan B             | CUSIP: 00076VBL3<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |    104469 | PA      | $104672.11    | 0.19%             | 2028-12-21      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Herc Holdings Inc                                    | Herc Holdings Inc 2026 Term Loan B                                    | CUSIP: 42705FAF3<br>LEI: 549300TP80QLITMSBP82 | Long             | LON              | CORP              | US        |     26932 | PA      | $27023.80     | 0.05%             | 2032-06-02      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Froneri Lux Finco Sarl                               | Froneri Lux Finco Sarl 2024 USD Term Loan B4                          | CUSIP: 000000000<br>LEI: 9845005YBZ75E5AA3B94 | Long             | LON              | CORP              | US        |    263685 | PA      | $261472.80    | 0.49%             | 2031-09-30      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Constellation Renewables, LLC                        | Constellation Renewables LLC 2020 Term Loan                           | CUSIP: 30204KAD8<br>LEI: 5493004JBPWTPTK8LB51 | Long             | LON              | CORP              | US        |     89498 | PA      | $89423.93     | 0.17%             | 2027-12-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Resideo Funding Inc                                  | Resideo Funding Inc 2025 Incremental Term Loan                        | CUSIP: 76090LAM6<br>LEI: 5493000IFJ6XJKH66598 | Long             | LON              | CORP              | US        |     78605 | PA      | $78638.01     | 0.15%             | 2032-08-13      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| QuidelOrtho Corp                                     | QuidelOrtho Corp Term Loan                                            | CUSIP: 74840YAH7<br>LEI: 549300YU8CMO9HF53113 | Long             | LON              | CORP              | US        |     87560 | PA      | $84867.53     | 0.16%             | 2032-08-20      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| Endo Luxembourg Finance Company I Sa rl              | Endo Luxembourg Finance Company I Sa rl 2024 1st Lien Term Loan       | CUSIP: 29280UAD5<br>LEI: 222100B15VY0VVCTG251 | Long             | LON              | CORP              | US        |     34698 | PA      | $34290.22     | 0.06%             | 2031-04-23      | Floating      | 7.40%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc                  | Clydesdale Acquisition Holdings Inc Term Loan B                       | CUSIP: 18972FAC6<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |     20000 | PA      | $19034.00     | 0.04%             | 2029-04-13      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Mitchell International Inc                           | Mitchell International Inc 2024 2nd Lien Term Loan                    | CUSIP: 60662WAZ5<br>LEI: 5493002RDNIGEM7SSV41 | Long             | LON              | CORP              | US        |     33326 | PA      | $30493.29     | 0.06%             | 2032-06-17      | Floating      | 8.90%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                     | CSC Holdings LLC 2019 Term Loan B5                                    | CUSIP: 64072UAK8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |    214480 | PA      | $189087.73    | 0.35%             | 2027-04-15      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS LLC                           | Amneal Pharmaceuticals LLC 2026 Term Loan                             | CUSIP: 03167DAS3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | LON              | CORP              | US        |    181911 | PA      | $182516.73    | 0.34%             | 2032-08-01      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| JetBlue Airways Corporation                          | JetBlue Airways Corporation 2024 Term Loan B                          | CUSIP: 000000000<br>LEI: 54930070J9H97ZO93T57 | Long             | LON              | CORP              | US        |    131639 | PA      | $116720.69    | 0.22%             | 2029-08-27      | Floating      | 8.44%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                        | TransDigm Inc 2023 Term Loan J                                        | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    295929 | PA      | $296310.40    | 0.55%             | 2031-02-28      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                    | Clarios Global LP 2024 USD Term Loan B                                | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    263945 | PA      | $264853.02    | 0.49%             | 2030-05-06      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Bleriot US Bidco Inc                                 | Bleriot US Bidco Inc 2023 Term Loan B                                 | CUSIP: 09353TAJ9<br>LEI: 254900ALCQ2A2VYD5Z08 | Long             | LON              | CORP              | US        |    109690 | PA      | $109951.66    | 0.20%             | 2030-10-31      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Gates Global LLC                                     | Gates Global LLC 2024 Term Loan B5                                    | CUSIP: 36740UAY8<br>LEI: 984500F43C791F4C7894 | Long             | LON              | CORP              | US        |    250350 | PA      | $250602.47    | 0.46%             | 2031-06-04      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Discovery Purchaser Corporation                      | Discovery Purchaser Corporation Term Loan                             | CUSIP: 25471NAC0<br>LEI: 2549001LSO1ZBIPA5D65 | Long             | LON              | CORP              | US        |    106365 | PA      | $105247.97    | 0.20%             | 2029-10-04      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| Standard Industries Inc                              | Standard Industries Inc 2021 Term Loan B                              | CUSIP: 85350EAB2<br>LEI: 54930064UHXCIUWVI755 | Long             | LON              | CORP              | US        |     12501 | PA      | $12509.88     | 0.02%             | 2028-09-22      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| TEAM HEALTH HOLDINGS INC                             | Team Health Holdings Inc 2026 Repriced Term Loan B                    | CUSIP: 87817JAJ7<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | LON              | CORP              | US        |     39700 | PA      | $39706.85     | 0.07%             | 2028-06-30      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| Stonepeak Nile Parent LLC                            | Stonepeak Nile Parent LLC 2025 Term Loan B                            | CUSIP: 86184XAD6<br>LEI: 254900TJV3VAFZD0GU41 | Long             | LON              | CORP              | US        |     48878 | PA      | $49030.49     | 0.09%             | 2032-04-09      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| ICON Luxembourg SARL                                 | ICON Luxembourg SARL 2024 LUX Term Loan B                             | CUSIP: 000000000<br>LEI: 635400PUWMHSPI2DDA35 | Long             | LON              | CORP              | LU        |     23894 | PA      | $23968.75     | 0.04%             | 2028-07-03      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Grifols Worldwide Operations USA, Inc.               | Grifols Worldwide Operations USA, Inc. 2026 USD Term Loan B           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    113000 | PA      | $113221.48    | 0.21%             | 2033-04-14      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| SANMINA CORP                                         | Sanmina Corp Term Loan B                                              | CUSIP: 80105GAP5<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | LON              | CORP              | US        |     90000 | PA      | $90337.50     | 0.17%             | 2032-10-27      | Floating      | 5.66%                 | No            |                  3 | On Loan: No      |
| USI Inc                                              | USI Inc 2024 Term Loan C                                              | CUSIP: 90351NAQ8<br>LEI: 2549006D7UF7072T7I27 | Long             | LON              | CORP              | US        |    192018 | PA      | $192167.57    | 0.36%             | 2030-09-29      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Athenahealth Group Inc                               | Athenahealth Group Inc 2022 Term Loan B                               | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |    251496 | PA      | $250374.56    | 0.46%             | 2029-02-15      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| Novelis Corporation                                  | Novelis Corporation 2025 Term Loan B                                  | CUSIP: 67000LAB8<br>LEI: 549300ZJQN1PEAT42X90 | Long             | LON              | CORP              | US        |    236610 | PA      | $237274.87    | 0.44%             | 2032-03-11      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| PUG LLC                                              | PUG LLC 2024 Extended Term Loan B                                     | CUSIP: 74530DAH8<br>LEI: 549300NL9JUFIOARLW93 | Long             | LON              | CORP              | US        |    169853 | PA      | $168112.46    | 0.31%             | 2030-03-15      | Floating      | 8.40%                 | No            |                  2 | On Loan: No      |
| VANTOR HOLDINGS INC                                  | Vantor Holdings Inc 1st Lien Term Loan                                | CUSIP: 36355RAB1<br>LEI: 254900XMZ2ZZ33TF4651 | Long             | LON              | CORP              | US        |     69000 | PA      | $68870.97     | 0.13%             | 2033-03-03      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| BIOMARIN PHARMACEUTICAL INC                          | BIOMARIN PHARMACEUTICAL INC TERM LOAN B                               | CUSIP: 09075UAD6<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | LON              | CORP              | US        |     75000 | PA      | $75199.50     | 0.14%             | 2033-04-27      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Kaseya Inc                                           | Kaseya Inc 2025 1st Lien Term Loan B                                  | CUSIP: 48578AAB4<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |    315947 | PA      | $286497.31    | 0.53%             | 2032-03-22      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Concentra Health Services Inc                        | Concentra Health Services Inc 2025 Repriced Term Loan B               | CUSIP: 20602RAD2<br>LEI: 984500GB84105F75DE32 | Long             | LON              | CORP              | US        |     69226 | PA      | $69514.43     | 0.13%             | 2031-07-26      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| LUXCO3 SHARES                                        | LUXCO3 SHARES                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |       623 | NS      | $12686.04     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GIBRALTAR INDUSTRIES INC                             | Gibraltar Industries Inc 2026 Term Loan B                             | CUSIP: 37468UAL4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     13846 | PA      | $13846.15     | 0.03%             | 2033-02-02      | Floating      | 5.91%                 | No            |                  3 | On Loan: No      |
| AZURIA WATER SOLUTIONS INC                           | Azuria Water Solutions Inc 2026 Term Loan B                           | CUSIP: 000000000<br>LEI: 549300AG3DVJURRIT691 | Long             | LON              | CORP              | US        |    108817 | PA      | $108544.92    | 0.20%             | 2033-04-25      | Floating      | 8.50%                 | No            |                  3 | On Loan: No      |
| AI AQUA MERGER SUB INC                               | AI Aqua Merger Sub Inc 2026 Term Loan B                               | CUSIP: 00132UAQ7<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |    196867 | PA      | $197325.72    | 0.37%             | 2028-07-31      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Quartz Acquireco LLC                                 | Quartz Acquireco LLC 2025 Term Loan B                                 | CUSIP: 74773KAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     88545 | PA      | $73437.05     | 0.14%             | 2030-06-28      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| DK Crown Holdings Inc                                | DK Crown Holdings Inc 2025 Term Loan B                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    178200 | PA      | $178347.91    | 0.33%             | 2032-03-04      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Learfield Communications, LLC                        | Learfield Communications LLC 2024 Term Loan B                         | CUSIP: 00165HAL7<br>LEI: 549300177GK4LMS8T214 | Long             | LON              | CORP              | US        |     78229 | PA      | $78385.71     | 0.15%             | 2028-06-30      | Floating      | 8.15%                 | No            |                  2 | On Loan: No      |
| CHG Healthcare Services Inc                          | CHG Healthcare Services Inc 2025 Term Loan B1                         | CUSIP: 12541HAX1<br>LEI: 54930016Y1HPAVB9PZ54 | Long             | LON              | CORP              | US        |    127260 | PA      | $127340.00    | 0.24%             | 2028-09-29      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| UKG Inc                                              | UKG Inc 2024 Term Loan B                                              | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |    250201 | PA      | $241226.68    | 0.45%             | 2031-02-10      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| NEXSTAR BROADCASTING INC                             | NEXSTAR BROADCASTING INC 2026 TERM LOAN B7                            | CUSIP: 65336RBF4<br>LEI: 5493006PK6I4I2OOT688 | Long             | LON              | CORP              | US        |     62000 | PA      | $61903.28     | 0.11%             | 2033-03-18      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| Ascensus Group Holdings Inc.                         | Ascensus Group Holdings Inc 2024 Term Loan B                          | CUSIP: 03836BAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    120000 | PA      | $118889.99    | 0.22%             | 2032-11-25      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| PROOFPOINT INC                                       | Proofpoint Inc 2025 Repriced Term Loan                                | CUSIP: 74345HAJ0<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |    317949 | PA      | $308276.89    | 0.57%             | 2028-08-31      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| UTZ Quality Foods LLC                                | UTZ Quality Foods LLC 2025 Term Loan B                                | CUSIP: 91809EAG6<br>LEI: 549300K2HU2ISL0R2Q75 | Long             | LON              | CORP              | US        |     41788 | PA      | $41818.73     | 0.08%             | 2032-01-29      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| COLUMBUS MCKINNON CORPORATION                        | Columbus McKinnon Corporation 2026 Term Loan B                        | CUSIP: 19933MAS2<br>LEI: 549300W3HQB0HO1F3G69 | Long             | LON              | CORP              | US        |    128039 | PA      | $128092.31    | 0.24%             | 2033-02-03      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                   | Voyager Parent LLC Repriced Term Loan B                               | CUSIP: 92921HAD7<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |    109451 | PA      | $109405.82    | 0.20%             | 2032-07-01      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                                | Qnity Electronics Inc Term Loan B                                     | CUSIP: 74737SAB9<br>LEI: 254900RSUG4J9TFFZX53 | Long             | LON              | CORP              | US        |    228428 | PA      | $229094.51    | 0.43%             | 2032-11-01      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Naked Juice LLC                                      | Naked Juice LLC 2025 FLFO Term Loan                                   | CUSIP: 62984CAK9<br>LEI: 549300Y5TU1XQ1KVLJ64 | Long             | LON              | CORP              | US        |    136211 | PA      | $135498.92    | 0.25%             | 2029-01-24      | Floating      | 9.20%                 | No            |                  2 | On Loan: No      |
| AIMBRIDGE                                            | AIMBRIDGE                                                             | CUSIP: 000000000<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | EC               | CORP              | US        |       459 | NS      | $18360.00     | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| LBM Acquisition LLC                                  | LBM Acquisition LLC 2024 Incremental Term Loan B                      | CUSIP: 50179JAH1<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |     69822 | PA      | $58092.19     | 0.11%             | 2031-06-06      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| Chobani, LLC                                         | Chobani LLC 2025 Term Loan B                                          | CUSIP: 17026YAL3<br>LEI: 549300ISVDMZ91KNTR38 | Long             | LON              | CORP              | US        |    237405 | PA      | $238634.76    | 0.44%             | 2032-10-28      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Cotiviti Corporation                                 | Cotiviti Corporation 2024 Term Loan                                   | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |    189396 | PA      | $173581.71    | 0.32%             | 2031-05-01      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                                     | Aretec Group Inc 2025 Repriced Term Loan                              | CUSIP: 04009DAJ3<br>LEI: 549300NV2T8A33L0PQ58 | Long             | LON              | CORP              | US        |     67839 | PA      | $67962.25     | 0.13%             | 2030-08-09      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| Calpine Construction Finance Company, L.P.           | Calpine Construction Finance Company LP 2025 Repriced Term Loan B     | CUSIP: 13134NAK7<br>LEI: V0Q3DOB0FIB2XI1KWU77 | Long             | LON              | CORP              | US        |    174800 | PA      | $175297.89    | 0.33%             | 2030-07-31      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Wyndham Hotels & Resorts Inc                         | Wyndham Hotels & Resorts Inc 2024 Term Loan                           | CUSIP: 98310CAF9<br>LEI: 549300FE3MQ4RVXXC673 | Long             | LON              | CORP              | US        |    109819 | PA      | $110430.61    | 0.20%             | 2030-05-24      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| SeaWorld Parks & Entertainment Inc                   | SeaWorld Parks & Entertainment Inc 2024 Term Loan B3                  | CUSIP: 78488CAL4<br>LEI: 549300UZV72O3371JJ53 | Long             | LON              | CORP              | US        |     72328 | PA      | $71424.30     | 0.13%             | 2031-12-04      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| TRAVERSE MIDSTREAM PRTNERS LLC                       | TRAVERSE MIDSTREAM PRTNERS LLC 2026 TERM LOAN B                       | CUSIP: 89435TAH7<br>LEI: 549300DHTM8B2X5QMJ22 | Long             | LON              | CORP              | US        |     32000 | PA      | $32020.16     | 0.06%             | 2033-04-21      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Motion Finco Sarl                                    | Motion Finco Sarl 2024 USD Term Loan B                                | CUSIP: 000000000<br>LEI: 2549002L1LBQZKA7UN30 | Long             | LON              | CORP              | LU        |    208721 | PA      | $184653.27    | 0.34%             | 2029-11-12      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| Garrett LX I SARL                                    | Garrett LX I SARL 2025 USD Term Loan B                                | CUSIP: 36649XAG3<br>LEI: 549300LKYJ4RR1ELO069 | Long             | LON              | CORP              | LU        |     11930 | PA      | $11945.28     | 0.02%             | 2032-01-30      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| HUDSON RIVER TRADING LLC                             | Hudson River Trading LLC 2026 Repriced Term Loan B                    | CUSIP: 44413EAK4<br>LEI: 549300SMOBUC8O5UOE10 | Long             | LON              | CORP              | US        |    137655 | PA      | $138007.40    | 0.26%             | 2030-03-18      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| HOLOGIC INC                                          | HOLOGIC INC 2026 USD TERM LOAN B                                      | CUSIP: 43644ABL2<br>LEI: 9845009E9B4548A5N478 | Long             | LON              | CORP              | US        |    425000 | PA      | $422611.50    | 0.78%             | 2033-04-07      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| EMRLD Borrower LP                                    | EMRLD Borrower LP Term Loan B                                         | CUSIP: 26872NAC3<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |    238131 | PA      | $238299.86    | 0.44%             | 2030-05-31      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| EG AMERICA LLC                                       | EG America LLC 2026 Term Loan B                                       | CUSIP: 28228QAB5<br>LEI: 549300BY1CRYVPEG9R57 | Long             | LON              | CORP              | US        |    179000 | PA      | $179000.00    | 0.33%             | 2031-02-10      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL                   | TRSWAP: IBXXLLTR INDEX                                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              |  | US        |   1000000 | OU      | $11467.27     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Raven Acquisition Holdings LLC                       | Raven Acquisition Holdings LLC Term Loan B                            | CUSIP: 75419XAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     80828 | PA      | $80294.89     | 0.15%             | 2031-11-19      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Company Inc                             | Boxer Parent Company Inc 2025 USD Term Loan B                         | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |    274006 | PA      | $253112.65    | 0.47%             | 2031-07-30      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| BCPE Pequod Buyer Inc                                | BCPE Pequod Buyer Inc USD Term Loan B                                 | CUSIP: 05624AAB8<br>LEI: 254900HEEOS2IWC84V94 | Long             | LON              | CORP              | US        |    153308 | PA      | $151583.61    | 0.28%             | 2031-11-25      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| ANTICIMEX INTERNATIONAL AB                           | Anticimex International AB 2025 USD Term Loan                         | CUSIP: 03703HAD8<br>LEI: 54930005SBU6WYFBEB41 | Long             | LON              | CORP              | SE        |     53780 | PA      | $53870.30     | 0.10%             | 2031-11-17      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                       | NRG Energy Inc 2024 Term Loan                                         | CUSIP: 62937NBC0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | LON              | CORP              | US        |    299319 | PA      | $299792.07    | 0.56%             | 2031-04-16      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Air Canada                                           | Air Canada 2024 Term Loan B                                           | CUSIP: 000000000<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | LON              | CORP              | CA        |    141225 | PA      | $140872.12    | 0.26%             | 2031-03-21      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                          | Asurion LLC 2023 Term Loan B11                                        | CUSIP: 04649VBC3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     10564 | PA      | $10557.95     | 0.02%             | 2028-08-19      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                             | Allison Transmission Inc 2025 Incremental Term Loan B                 | CUSIP: 01973KAJ5<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | LON              | CORP              | US        |     85000 | PA      | $85447.95     | 0.16%             | 2033-01-02      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| DAYFORCE INC                                         | Dayforce Inc 2026 Term Loan                                           | CUSIP: 23923YAB7<br>LEI: 549300T64GVCHFJ8L449 | Long             | LON              | CORP              | US        |    215000 | PA      | $202583.75    | 0.38%             | 2033-02-04      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| H-Food Holdings LLC                                  | H-Food Holdings LLC 2025 Exit Term Loan                               | CUSIP: 000000000<br>LEI: 549300JY2LK0EQ95YT44 | Long             | LON              | CORP              | US        |      4470 | PA      | $4471.14      | 0.01%             | 2030-03-29      | Floating      | 10.16%                | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co Inc                           | Dynasty Acquisition Co Inc 2024 1st Lien Term Loan B2                 | CUSIP: 26812CAP1<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |     97506 | PA      | $97796.99     | 0.18%             | 2031-10-31      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Somnigroup International Inc                         | Somnigroup International Inc Term Loan B                              | CUSIP: 88025BAP6<br>LEI: 549300HFEKVR3US71V91 | Long             | LON              | CORP              | US        |     34623 | PA      | $34709.55     | 0.06%             | 2031-10-24      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Zelis Payments Buyer Inc                             | Zelis Payments Buyer Inc 5th Amendment Term Loan                      | CUSIP: 98932TAH6<br>LEI: 549300U8NGLZN5R1Y309 | Long             | LON              | CORP              | US        |    215275 | PA      | $212416.15    | 0.39%             | 2031-11-26      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| CHOBANI LLC/FINANCE CORP                             | Chobani LLC / Chobani Finance Corp Inc                                | CUSIP: 17027NAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $56775.57     | 0.11%             | 2029-07-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                        | TransDigm Inc 2024 Term Loan L                                        | CUSIP: 89364MCD4<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |     55777 | PA      | $55851.38     | 0.10%             | 2032-01-19      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| RHP Hotel Properties LP                              | RHP Hotel Properties LP 2024 1st Lien Term Loan B                     | CUSIP: 74958NAL0<br>LEI: 549300SJMSMA2471GA96 | Long             | LON              |  | US        |     70344 | PA      | $70344.13     | 0.13%             | 2030-05-20      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment Inc                            | Caesars Entertainment Inc 2024 Term Loan B1                           | CUSIP: 12768EAH9<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |    344299 | PA      | $332896.14    | 0.62%             | 2031-02-06      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                  | United Airlines Inc 2026 Term Loan B                                  | CUSIP: 90932RAQ7<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | LON              | CORP              | US        |    107047 | PA      | $107113.96    | 0.20%             | 2031-02-22      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Asplundh Tree Expert LLC                             | Asplundh Tree Expert LLC 2021 Term Loan B                             | CUSIP: 04538FAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     63165 | PA      | $63384.24     | 0.12%             | 2027-09-07      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Finastra USA Inc                                     | Finastra USA Inc 2025 USD Term Loan                                   | CUSIP: 31772YAD8<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |    285420 | PA      | $271283.15    | 0.50%             | 2032-09-15      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| QXO INC                                              | QXO Inc 2025 Term Loan B                                              | CUSIP: 07368RAM3<br>LEI: 549300HDXQWWCBOYXP31 | Long             | LON              | CORP              | US        |     82111 | PA      | $82114.39     | 0.15%             | 2032-04-30      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| SWORD PURCHASER LLC                                  | SWORD PURCHASER LLC USD TERM LOAN B                                   | CUSIP: 87110SAB8<br>LEI: 254900S0VY2QTAITBR94 | Long             | LON              | CORP              | US        |    210000 | PA      | $203611.80    | 0.38%             | 2033-04-11      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| GRAHAM PACKAGING COMPANY INC                         | Graham Packaging Company Inc 2026 Term Loan B                         | CUSIP: 000000000<br>LEI: 549300YS0ZFT826HIK72 | Long             | LON              | CORP              | US        |    113000 | PA      | $112774.00    | 0.21%             | 2033-01-26      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| WEC US Holdings Ltd                                  | WEC US Holdings Ltd 2024 Term Loan                                    | CUSIP: 92943LAC4<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |    236185 | PA      | $236654.75    | 0.44%             | 2031-01-27      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Ciena Corporation                                    | Ciena Corporation 2025 Repriced Term Loan B                           | CUSIP: 17178HAR3<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | LON              | CORP              | US        |     97919 | PA      | $97858.40     | 0.18%             | 2030-10-24      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Core & Main LP                                       | Core & Main LP 2024 Term Loan E                                       | CUSIP: 40416VAH8<br>LEI: 549300ZSLF8Q660SCD17 | Long             | LON              | CORP              | US        |    214191 | PA      | $214280.59    | 0.40%             | 2031-02-09      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                              | Talen Energy Supply LLC 2025 Term Loan B                              | CUSIP: 87422LBA7<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |     92768 | PA      | $92825.94     | 0.17%             | 2032-11-25      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                 | Reworld Holding Corp 2025 Term Loan B1                                | CUSIP: 22282GAS6<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | LON              | CORP              | US        |     61451 | PA      | $61450.90     | 0.11%             | 2031-01-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Ontario Gaming GTA LP                                | Ontario Gaming GTA LP Term Loan B                                     | CUSIP: 000000000<br>LEI: 894500EC9KLZLOC3V025 | Long             | LON              | CORP              | CA        |     54582 | PA      | $51675.15     | 0.10%             | 2030-08-01      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services Inc              | Sedgwick Claims Management Services Inc 2023 Term Loan B              | CUSIP: 81527CAP2<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |    246026 | PA      | $244111.49    | 0.45%             | 2031-07-31      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Spectris Plc                                         | Spectris Plc USD Term Loan                                            | CUSIP: 74352DAB6<br>LEI: 213800Z4CO2CZO3M3T10 | Long             | LON              | CORP              | US        |     22942 | PA      | $22985.63     | 0.04%             | 2032-12-06      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Four Seasons Hotels Limited                          | Four Seasons Hotels Limited 2025 Term Loan B                          | CUSIP: 000000000<br>LEI: 5493009FUVX8LHYY2202 | Long             | LON              | CORP              | CA        |     80323 | PA      | $80885.20     | 0.15%             | 2032-09-22      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| TransMontaigne Operating Company LP                  | TransMontaigne Operating Company LP Term Loan B                       | CUSIP: 89376WAH1<br>LEI: 549300V4T155OZCUJ734 | Long             | LON              | CORP              | US        |     39624 | PA      | $39706.49     | 0.07%             | 2030-03-16      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Olympus Water US Holding Corporation                 | Olympus Water US Holding Corporation 2024 USD Term Loan               | CUSIP: 68163YAJ4<br>LEI: 549300YU2GGVCBN3MY89 | Long             | LON              | CORP              | US        |    113539 | PA      | $112020.62    | 0.21%             | 2031-06-20      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| AZZ Inc                                              | AZZ Inc Term Loan B                                                   | CUSIP: 00247NAG7<br>LEI: 549300HD1X2NFLWPYC83 | Long             | LON              | CORP              | US        |     16598 | PA      | $16649.86     | 0.03%             | 2029-05-13      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Trans Union LLC                                      | Trans Union LLC 2024 Term Loan B8                                     | CUSIP: 89334GBF0<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |    177502 | PA      | $177412.79    | 0.33%             | 2031-06-24      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Albion Financing 3 SARL                              | Albion Financing 3 SARL 2025 USD Term Loan                            | CUSIP: 01330EAD0<br>LEI: 213800VFJ5CIN2NUQ821 | Long             | LON              | CORP              | US        |    198947 | PA      | $199544.00    | 0.37%             | 2031-05-21      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Reynolds Consumer Products LLC                       | Reynolds Consumer Products LLC 2025 Term Loan B                       | CUSIP: 76171JAE1<br>LEI: 549300DWNZYMOSR1X343 | Long             | LON              | CORP              | US        |     28026 | PA      | $28130.90     | 0.05%             | 2032-03-04      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| AllSpring Buyer LLC                                  | AllSpring Buyer LLC 2024 Term Loan B                                  | CUSIP: 98922AAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     24812 | PA      | $24905.07     | 0.05%             | 2030-11-01      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Orion US Finco Inc.                                  | Orion US Finco Inc 1st Lien Term Loan                                 | CUSIP: 68631KAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     90000 | PA      | $89845.20     | 0.17%             | 2032-10-08      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Cobham Ultra SeniorCo Sarl                           | Cobham Ultra SeniorCo Sarl USD Term Loan B                            | CUSIP: 000000000<br>LEI: 254900L6IKLPZKIC4F32 | Long             | LON              | CORP              | LU        |    113864 | PA      | $114338.69    | 0.21%             | 2029-08-03      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                              | Talen Energy Supply LLC 2024-1 Incremental Term Loan                  | CUSIP: 87422LAY6<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |     58262 | PA      | $58429.13     | 0.11%             | 2031-12-15      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Fluid-Flow Products, Inc.                            | Fluid-Flow Products Inc 2026 Term Loan B                              | CUSIP: 000000000<br>LEI: 254900BHD5AK9H7EKF91 | Long             | LON              | CORP              | US        |     18000 | PA      | $18018.72     | 0.03%             | 2033-03-04      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| Ascend Performance Materials Operations LLC          | Ascend Performance Materials Operations LLC 2021 Term Loan B          | CUSIP: 04350TAC8<br>LEI: 549300NIMFUIRMMAGQ29 | Long             | LON              | CORP              | US        |     16481 | PA      | $20.60        | 0.00%             | 2026-08-27      | Floating      | 8.63%                 | No            |                  2 | On Loan: No      |
| Pinnacle Buyer LLC                                   | Pinnacle Buyer LLC Term Loan                                          | CUSIP: 72349UAB8<br>LEI: 254900F51XXB8NHJPB58 | Long             | LON              | CORP              | US        |     81008 | PA      | $81333.92     | 0.15%             | 2032-10-01      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower, LLC                | Prime Security Services Borrower LLC 2024 1st Lien Term Loan B        | CUSIP: 03765VAP5<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |     26468 | PA      | $26484.76     | 0.05%             | 2030-10-13      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Flutter Financing BV                                 | Flutter Financing BV 2025 Term Loan B                                 | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |     91248 | PA      | $90620.95     | 0.17%             | 2032-06-04      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Lonza Group AG                                       | Lonza Group AG USD Term Loan B                                        | CUSIP: 000000000<br>LEI: 549300Y0CIXN5D40L888 | Long             | LON              | CORP              | US        |    112033 | PA      | $103490.24    | 0.19%             | 2028-07-03      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| Roper Industrial Products Investment Company LLC     | Roper Industrial Products Investment Company LLC 2026 USD Term Loan B | CUSIP: 77669LAL7<br>LEI: 254900RXO1EICEHOLG29 | Long             | LON              | CORP              | US        |     73670 | PA      | $73860.05     | 0.14%             | 2029-11-22      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Hayward Industries Inc                               | Hayward Industries Inc 2021 Term Loan                                 | CUSIP: 421300AL8<br>LEI: 549300NV8ZMMEDUHQ091 | Long             | LON              | CORP              | US        |     23853 | PA      | $23942.30     | 0.04%             | 2028-05-30      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Meade Pipeline CO LLC                                | Meade Pipeline CO LLC Term Loan B                                     | CUSIP: 58307PAB8<br>LEI: 254900UZE9CEDHUYSZ47 | Long             | LON              | CORP              | US        |     25000 | PA      | $25054.75     | 0.05%             | 2032-09-22      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                                  | Buckeye Partners LP 2025 Term Loan B7                                 | CUSIP: 11823LAR6<br>LEI: 549300C1PQJLVEIUBK50 | Long             | LON              | CORP              | US        |     46484 | PA      | $46697.07     | 0.09%             | 2032-11-22      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| NGL ENERGY PARTNERS LP                               | NGL Energy Partners LP 2026 Term Loan B                               | CUSIP: 62922KAH3<br>LEI: 5493008CQD36WWZJ3O79 | Long             | LON              | CORP              | US        |     56000 | PA      | $56105.28     | 0.10%             | 2033-03-11      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| EXAMWORKS BIDCO INC                                  | ExamWorks BidCo Inc 2026 Term Loan B                                  | CUSIP: 28542CAG4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    115407 | PA      | $115796.90    | 0.21%             | 2033-02-06      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Naked Juice LLC                                      | Naked Juice LLC 2025 FLSO Term Loan                                   | CUSIP: 62984CAM5<br>LEI: 549300Y5TU1XQ1KVLJ64 | Long             | LON              | CORP              | US        |     50495 | PA      | $28277.33     | 0.05%             | 2029-01-24      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Delta 2 (LUX) S.a.r.l.                               | Delta 2 (LUX) Sarl 2024 Term Loan B1                                  | CUSIP: 000000000<br>LEI: 549300BBG8Z3D6QSYP53 | Long             | LON              | CORP              | LU        |    292710 | PA      | $292929.44    | 0.54%             | 2031-09-30      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| White Cap Buyer LLC                                  | White Cap Buyer LLC 2024 Term Loan B                                  | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |    372985 | PA      | $370620.62    | 0.69%             | 2029-10-19      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| USI Inc                                              | USI Inc 2024 Term Loan D                                              | CUSIP: 90351NAR6<br>LEI: 2549006D7UF7072T7I27 | Long             | LON              | CORP              | US        |    228352 | PA      | $228555.09    | 0.42%             | 2029-11-21      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Station Casinos LLC                                  | Station Casinos LLC 2024 Term Loan B                                  | CUSIP: 85769EBB6<br>LEI: 5493004E7Q60TX54WL62 | Long             | LON              | CORP              | US        |    161580 | PA      | $161941.94    | 0.30%             | 2031-03-14      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Ellucian Holdings, Inc.                              | Ellucian Holdings Inc 2024 1st Lien Term Loan B                       | CUSIP: 28917XAB6<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |    166444 | PA      | $163205.46    | 0.30%             | 2029-10-09      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| OLA Netherlands B.V.                                 | OLA Netherlands BV Term Loan                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |     37785 | PA      | $37501.99     | 0.07%             | 2026-12-15      | Floating      | 10.00%                | No            |                  2 | On Loan: No      |
| CP Iris HoldCo I Inc                                 | CP Iris HoldCo I Inc 2025 Term Loan                                   | CUSIP: 000000000<br>LEI: 25490024F0AS5UR7DB02 | Long             | LON              | CORP              | US        |    133539 | PA      | $131535.61    | 0.24%             | 2032-10-27      | Floating      | 7.65%                 | No            |                  3 | On Loan: No      |
| Citrin Cooperman Advisors LLC                        | Citrin Cooperman Advisors LLC 2025 Term Loan B                        | CUSIP: 17737EAC7<br>LEI: 254900DPG9ZEAP5MK895 | Long             | LON              | CORP              | US        |    113890 | PA      | $109619.61    | 0.20%             | 2032-04-01      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| ION Platform Finance US Inc                          | ION Platform Finance US Inc USD Term Loan                             | CUSIP: 46206RAC9<br>LEI: 213800FKHT3BRRKMCC89 | Long             | LON              | CORP              | US        |    216162 | PA      | $171770.97    | 0.32%             | 2032-10-07      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| Cushman & Wakefield U.S. Borrower, LLC               | Cushman & Wakefield US Borrower LLC 2025 Term Loan B3                 | CUSIP: 23340DAW2<br>LEI: 549300870CMN3WI5IF97 | Long             | LON              | CORP              | US        |     25425 | PA      | $25488.56     | 0.05%             | 2030-01-31      | Floating      | 6.40%                 | No            |                  3 | On Loan: No      |
| Charter Communications Operating LLC                 | Charter Communications Operating LLC 2023 Term Loan B4                | CUSIP: 16117LCB3<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |     40845 | PA      | $40788.07     | 0.08%             | 2030-12-07      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| SAZERAC COMPANY INC                                  | Sazerac Company Inc Repriced Term Loan B                              | CUSIP: 80583EAP1<br>LEI: 9QU0CG1O4LSOB6IFK895 | Long             | LON              | CORP              | US        |     42818 | PA      | $42766.55     | 0.08%             | 2032-07-09      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| PG INVESTMENT COMPANY 59 SA RL                       | PG Investment Company 59 Sa rl 2025 Repriced Term Loan B              | CUSIP: 91728NAD1<br>LEI: 254900XMCCB3IEZ2A005 | Long             | LON              | CORP              | LU        |     59401 | PA      | $59642.29     | 0.11%             | 2031-03-26      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                | Quikrete Holdings Inc 2025 Term Loan B                                | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    107910 | PA      | $107951.01    | 0.20%             | 2032-02-10      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Clover Holdings 2 LLC                                | Clover Holdings 2 LLC Term Loan B                                     | CUSIP: 18914DAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     90806 | PA      | $88270.52     | 0.16%             | 2031-12-09      | Floating      | 7.40%                 | No            |                  2 | On Loan: No      |
| Trans Union LLC                                      | Trans Union LLC 2024 Term Loan B9                                     | CUSIP: 89334GBG8<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |     88628 | PA      | $88567.63     | 0.16%             | 2031-06-24      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Hunter Douglas Inc.                                  | Hunter Douglas Inc 2025 USD Term Loan B                               | CUSIP: 000000000<br>LEI: 529900811T142NS3H544 | Long             | LON              | CORP              | US        |    197344 | PA      | $195088.67    | 0.36%             | 2032-01-20      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| WR Grace & Co-Conn                                   | WR Grace & Co-Conn 2025 Term Loan B                                   | CUSIP: 92943HAD1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | LON              | CORP              | US        |    143455 | PA      | $143454.56    | 0.27%             | 2032-08-19      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Windstream Services LLC                              | Windstream Services LLC 2025 Term Loan B                              | CUSIP: 97381JAK9<br>LEI: 549300KT9GVEBYCD2N29 | Long             | LON              | CORP              | US        |    117705 | PA      | $117705.00    | 0.22%             | 2032-10-06      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| PROAMPAC PG BORROWER LLC                             | Proampac PG Borrower LLC 2026 USD Term Loan B                         | CUSIP: 74274NAM5<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |     88909 | PA      | $86797.27     | 0.16%             | 2033-03-07      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| VS Buyer LLC                                         | VS Buyer LLC 2025 Term Loan B                                         | CUSIP: 91834WAG5<br>LEI: 254900G5QLDMHSCYJK25 | Long             | LON              | CORP              | US        |    205277 | PA      | $202454.58    | 0.38%             | 2031-04-12      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                              | American Airlines Inc 2025 Term Loan                                  | CUSIP: 02376CBS3<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | KY        |     44330 | PA      | $44046.76     | 0.08%             | 2028-04-20      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc                             | Cloud Software Group Inc 2025 Term Loan B (2031)                      | CUSIP: 88632NBK5<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |    233582 | PA      | $215808.92    | 0.40%             | 2031-03-21      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Murphy USA Inc                                       | Murphy USA Inc Term Loan B                                            | CUSIP: 62675KAB5<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | LON              | CORP              | US        |     32835 | PA      | $33022.49     | 0.06%             | 2032-04-07      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| PRA Health Sciences Inc                              | PRA Health Sciences Inc 2024 US Term Loan B                           | CUSIP: 000000000<br>LEI: 549300R1HR1VWWHIAK47 | Long             | LON              | CORP              | US        |      5953 | PA      | $5971.80      | 0.01%             | 2028-07-03      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Apex Group Treasury LLC                              | Apex Group Treasury LLC 2025 USD Term Loan B                          | CUSIP: 000000000<br>LEI: 254900N6HRPDDNW7HP03 | Long             | LON              | CORP              | US        |    183250 | PA      | $171874.22    | 0.32%             | 2032-02-27      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Solstice Advanced Materials Inc                      | Solstice Advanced Materials Inc Term Loan B                           | CUSIP: 83443PAC9<br>LEI: 2138004GZ4H9TW6HK435 | Long             | LON              | CORP              | US        |     79000 | PA      | $79469.26     | 0.15%             | 2032-10-29      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Hertz Corporation, (The)                             | Hertz Corporation (The) 2021 Term Loan C                              | CUSIP: 42804VBC4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | LON              | CORP              | US        |     21197 | PA      | $16628.85     | 0.03%             | 2028-06-30      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| CHICAGO US MIDCO III LP                              | Chicago US Midco III LP Term Loan                                     | CUSIP: 16825PAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    155615 | PA      | $155693.19    | 0.29%             | 2032-11-01      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Outfront Media Capital LLC                           | Outfront Media Capital LLC 2025 Term Loan B                           | CUSIP: 000000000<br>LEI: 5493005WC7J0FDMW0610 | Long             | LON              | CORP              | US        |     68000 | PA      | $68255.00     | 0.13%             | 2032-09-24      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Live Nation Entertainment Inc                        | Live Nation Entertainment Inc 2025 Term Loan B                        | CUSIP: 53803HAY6<br>LEI: 5493007B9BM9ZXJINO78 | Long             | LON              | CORP              | US        |    121695 | PA      | $121657.27    | 0.23%             | 2032-10-21      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                  | Medline Borrower LP 2025 Incremental Term Loan B                      | CUSIP: 58503UAJ2<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |    139411 | PA      | $139942.34    | 0.26%             | 2030-10-23      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Reworld Holding Corp                                 | Reworld Holding Corp 2025 1st Lien Term Loan B                        | CUSIP: 22282GAR8<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | LON              | CORP              | US        |     36908 | PA      | $36907.50     | 0.07%             | 2031-01-15      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies Inc                                | SS&C Technologies Inc 2024 Term Loan B8                               | CUSIP: 78466DBJ2<br>LEI: 549300KY09TR3J12JU49 | Long             | LON              | CORP              | US        |    138125 | PA      | $138119.55    | 0.26%             | 2031-05-09      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Bright Horizons Family Solutions LLC                 | Bright Horizons Family Solutions LLC 2025 Term Loan B                 | CUSIP: 10919RAR0<br>LEI: 254900BHOU40CFNXWQ75 | Long             | LON              | CORP              | US        |     83655 | PA      | $83628.94     | 0.16%             | 2032-08-23      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| CPI HOLDCO B LLC                                     | CPI Holdco B LLC 2025 Add-on Term Loan B                              | CUSIP: 1261MAAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    294358 | PA      | $294240.10    | 0.55%             | 2031-05-19      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Hilton Domestic Operating Company Inc                | Hilton Domestic Operating Company Inc 2023 Term Loan B4               | CUSIP: 43289DAK9<br>LEI: 5493003EG7H0N1E4XV50 | Long             | LON              | CORP              | US        |    129000 | PA      | $129541.80    | 0.24%             | 2030-11-08      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Alterra Mountain Company                             | Alterra Mountain Company 2025 Term Loan B8                            | CUSIP: 46124CAS6<br>LEI: 549300C5O4FSVNUEI843 | Long             | LON              | CORP              | US        |     93817 | PA      | $93895.34     | 0.17%             | 2030-05-31      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                 | Reworld Holding Corp 2025 1st Lien Term Loan C                        | CUSIP: 22282GAT4<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | LON              | CORP              | US        |      9986 | PA      | $9985.78      | 0.02%             | 2031-01-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Company           | Mauser Packaging Solutions Holding Company 2025 Term Loan B           | CUSIP: 57763TAF0<br>LEI: 549300DNGHXL0OMHW304 | Long             | LON              | CORP              | US        |     90000 | PA      | $88293.60     | 0.16%             | 2030-04-15      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Derby Buyer LLC                                      | Derby Buyer LLC 2024 Repriced Term Loan B                             | CUSIP: 24968CAE3<br>LEI: 2549003XRO7JUBUWQX87 | Long             | LON              | CORP              | US        |    119373 | PA      | $119447.83    | 0.22%             | 2030-11-01      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| LEARFIELD COMMUNICATIONS LLC                         | LEARFIELD COMMUNICATIONS LLC                                          | CUSIP: 000000000<br>LEI: 549300177GK4LMS8T214 | Long             | EC               | CORP              | US        |       312 | NS      | $36607.90     | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Construction Partners Inc                            | Construction Partners Inc Term Loan B                                 | CUSIP: 21043XAH5<br>LEI: 549300MHLFL4E8JLZU44 | Long             | LON              | CORP              | US        |     44092 | PA      | $44331.35     | 0.08%             | 2031-11-03      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| DYCOM INVESTMENTS INC                                | Dycom Investments Inc 2026 Term Loan B                                | CUSIP: 26747FAV1<br>LEI: 549300F56EKTHQI3WT60 | Long             | LON              | CORP              | US        |     42000 | PA      | $42288.96     | 0.08%             | 2033-01-27      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| AHP Health Partners, Inc.                            | AHP Health Partners Inc 2025 Term Loan B                              | CUSIP: 00130MAL8<br>LEI: 549300QMM8MQ6SM5KX05 | Long             | LON              | CORP              | US        |     17399 | PA      | $17449.79     | 0.03%             | 2032-09-20      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                               | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc    | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $155030.29    | 0.29%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Star Parent Inc                                      | Star Parent Inc Term Loan B                                           | CUSIP: 87169DAB1<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |    107989 | PA      | $107996.10    | 0.20%             | 2030-09-27      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| UNITED SITE SERVICES EQUITY                          | UNITED SITE SERVICES EQUITY                                           | CUSIP: 000000000<br>LEI: 549300GL21HVHPARNB76 | Long             | EC               | CORP              | US        |      1827 | NS      | $13245.75     | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Colossus Acquireco LLC                               | Colossus Acquireco LLC Term Loan B                                    | CUSIP: 19682LAB4<br>LEI: 2549009FT92RXWA46910 | Long             | LON              | CORP              | US        |    219000 | PA      | $218953.76    | 0.41%             | 2032-07-30      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I LP                                  | Hilcorp Energy I LP Term Loan B                                       | CUSIP: 431319AH5<br>LEI: 549300ITPIHLG0LHEC09 | Long             | LON              | CORP              | US        |     84150 | PA      | $84219.84     | 0.16%             | 2030-02-11      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| REALTRUCK GROUP INC                                  | REALTRUCK GROUP INC 2026 FLSO TRANCHE A TERM LOAN                     | CUSIP: 75607VAC4<br>LEI: 54930007KT5CX7XNSD31 | Long             | LON              | CORP              | US        |     14354 | PA      | $8223.96      | 0.02%             | 2031-01-31      | Floating      | 8.52%                 | No            |                  2 | On Loan: No      |
| Modena Buyer LLC                                     | Modena Buyer LLC Term Loan                                            | CUSIP: 60753DAC8<br>LEI: 254900B0G2IU0VBDOY26 | Long             | LON              | CORP              | US        |     54113 | PA      | $48867.56     | 0.09%             | 2031-07-01      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| Gen Digital Inc                                      | Gen Digital Inc 2024 Term Loan B                                      | CUSIP: 66877AAF5<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | LON              | CORP              | US        |    195939 | PA      | $192700.14    | 0.36%             | 2029-09-12      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Bausch & Lomb Corporation                            | Bausch & Lomb Corporation 2025 Repriced Term Loan                     | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    265297 | PA      | $266540.77    | 0.49%             | 2031-01-15      | Floating      | 7.40%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc                  | Clydesdale Acquisition Holdings Inc 2025 Term Loan B                  | CUSIP: 18972FAE2<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |    159859 | PA      | $147853.74    | 0.27%             | 2032-04-01      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| Aimbridge Acquisition Co Inc                         | Aimbridge Acquisition Co Inc 2025 First Out Term Loan                 | CUSIP: 00900YAG1<br>LEI: 549300SPGKLVE9WYCQ20 | Long             | LON              | CORP              | US        |     20099 | PA      | $19646.82     | 0.04%             | 2030-03-11      | Floating      | 9.28%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                         | MH Sub I LLC 2024 Term Loan B4                                        | CUSIP: 45567YAP0<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |     52611 | PA      | $41168.33     | 0.08%             | 2031-12-31      | Floating      | 7.90%                 | No            |                  2 | On Loan: No      |
| Central Parent Inc                                   | Central Parent Inc 2024 Term Loan B                                   | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    194807 | PA      | $87078.65     | 0.16%             | 2029-07-06      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Telenet Financing USD LLC                            | Telenet Financing USD LLC 2020 USD Term Loan AR                       | CUSIP: 000000000<br>LEI: 213800BMPOX34U6DWN81 | Long             | LON              | CORP              | US        |     30000 | PA      | $29836.80     | 0.06%             | 2028-04-28      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| KKR Apple Bidco LLC                                  | KKR Apple Bidco LLC 2025 Term Loan                                    | CUSIP: 48254EAG6<br>LEI: 2549001SCJD3WEYJFM53 | Long             | LON              | CORP              | US        |    294117 | PA      | $294302.34    | 0.55%             | 2031-09-23      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Brand Industrial Services Inc                        | Brand Industrial Services Inc 2024 Term Loan B                        | CUSIP: 10524MAS6<br>LEI: 549300B658W2BPDQMW42 | Long             | LON              | CORP              | US        |    198469 | PA      | $171656.00    | 0.32%             | 2030-08-01      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| Grant Thornton Advisors LLC                          | Grant Thornton Advisors LLC 2025 Term Loan B                          | CUSIP: 38821UAD2<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |    152185 | PA      | $147302.98    | 0.27%             | 2031-06-02      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| ECL Entertainment LLC                                | ECL Entertainment LLC 2025 Term Loan B                                | CUSIP: 26826TAM5<br>LEI: 254900UPSGHOBB360Z85 | Long             | LON              | CORP              | US        |     29473 | PA      | $29334.47     | 0.05%             | 2030-08-30      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| Froneri Lux Finco Sarl                               | Froneri Lux Finco Sarl 2025 USD Term Loan B6                          | CUSIP: 000000000<br>LEI: 9845005YBZ75E5AA3B94 | Long             | LON              | CORP              | US        |     38902 | PA      | $38602.56     | 0.07%             | 2032-09-30      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Gryphon Acquire Newco, LLC                           | Gryphon Acquire Newco LLC Term Loan B                                 | CUSIP: 40054QAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     92000 | PA      | $92095.68     | 0.17%             | 2032-09-13      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| FORTREX EQUITY                                       | FORTREX EQUITY                                                        | CUSIP: 000000000<br>LEI: 549300P2EZ5HE2FQC398 | Long             | EC               | CORP              | US        |       257 | NS      | $6939.00      | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Paint Intermediate III LLC                           | Paint Intermediate III LLC 2024 Term Loan B                           | CUSIP: 69575EAL3<br>LEI: 549300C2JJM7BNZTR054 | Long             | LON              | CORP              | US        |     64350 | PA      | $64414.35     | 0.12%             | 2031-10-09      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate, LLC                   | Alliant Holdings Intermediate LLC 2025 Term Loan B                    | CUSIP: 01881UAN5<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |    402663 | PA      | $401865.99    | 0.75%             | 2031-09-19      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                          | Asurion LLC 2025 Term Loan B13                                        | CUSIP: 04649VBE9<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    221232 | PA      | $221231.75    | 0.41%             | 2030-09-19      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| INEOS Quattro Holdings UK Ltd                        | INEOS Quattro Holdings UK Ltd 2024 USD Term Loan B                    | CUSIP: 000000000<br>LEI: 213800HKSMBSJQ32CA45 | Long             | LON              | CORP              | US        |     14600 | PA      | $12775.33     | 0.02%             | 2031-10-07      | Floating      | 7.90%                 | No            |                  2 | On Loan: No      |
| IRB HOLDING CORP                                     | IRB Holding Corp 2025 Term Loan B                                     | CUSIP: 44988LAM9<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |    135853 | PA      | $136170.96    | 0.25%             | 2030-12-16      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                | Quikrete Holdings Inc 2024 Term Loan B2                               | CUSIP: 74839XAK5<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    118242 | PA      | $118306.58    | 0.22%             | 2029-03-19      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Darktrace PLC                                        | Darktrace PLC 1st Lien Term Loan                                      | CUSIP: 52526CAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     29874 | PA      | $28025.99     | 0.05%             | 2031-10-09      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| Applied Systems Inc                                  | Applied Systems Inc 2024 1st Lien Term Loan                           | CUSIP: 03827FBD2<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |    216363 | PA      | $213314.56    | 0.40%             | 2031-02-24      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Clover Holdings 2 LLC                                | Clover Holdings 2 LLC Fixed Term Loan B                               | CUSIP: 18914DAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    105404 | PA      | $101089.08    | 0.19%             | 2031-12-09      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Madison Safety & Flow LLC                            | Madison Safety & Flow LLC 2025 1st Lien Term Loan B                   | CUSIP: 55822DAN1<br>LEI: 5493007D2J7BBIFYBY65 | Long             | LON              | CORP              | US        |     51473 | PA      | $51528.30     | 0.10%             | 2031-09-26      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| H.B. Fuller Company                                  | HB Fuller Company 2025 Term Loan B                                    | CUSIP: 40409VAW4<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | LON              | CORP              | US        |    143346 | PA      | $143839.05    | 0.27%             | 2030-02-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Covia Holdings Corporation                           | Covia Holdings Corporation 2025 Repriced Term Loan B                  | CUSIP: 22305CAF6<br>LEI: 213800IE4YGTGVTQ1806 | Long             | LON              | CORP              | US        |    108344 | PA      | $107892.38    | 0.20%             | 2032-02-26      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| Clearwater Analytics LLC                             | Clearwater Analytics LLC 2025 Term Loan B                             | CUSIP: 18512EAF9<br>LEI: 894500N8DN2JO5ZDRQ11 | Long             | LON              | CORP              | US        |     86565 | PA      | $86429.96     | 0.16%             | 2032-04-21      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc                                | American Airlines Inc 2023 1st Lien Term Loan                         | CUSIP: 02376CBM6<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |    107800 | PA      | $105009.06    | 0.19%             | 2029-06-04      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Charter NEX US Inc                                   | Charter NEX US Inc 2025 Repriced Term Loan B                          | CUSIP: 16125TAP7<br>LEI: 549300KRNU8RNVGYXG75 | Long             | LON              | CORP              | US        |    251135 | PA      | $251071.85    | 0.47%             | 2030-11-29      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Ryan Specialty Group LLC                             | Ryan Specialty Group LLC 2024 USD Term Loan B                         | CUSIP: 78350UAJ4<br>LEI: 549300K52N7QBO3PYY45 | Long             | LON              | CORP              | US        |    135819 | PA      | $136091.04    | 0.25%             | 2031-09-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Jane Street Group LLC                                | Jane Street Group LLC 2024 Term Loan B1                               | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |    409381 | PA      | $408615.04    | 0.76%             | 2031-12-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| ELECTRONIC ARTS INC                                  | ELECTRONIC ARTS INC USD TERM LOAN B                                   | CUSIP: 67123SAB5<br>LEI: 6488ICS9P20290MA1H31 | Long             | LON              | CORP              | US        |    340000 | PA      | $340085.00    | 0.63%             | 2033-03-24      | Floating      | 7.16%                 | 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        |   6240000 | NS      | $6240000.00   | 11.58%            |  |  |  | No            |                  1 | On Loan: No      |
| RealPage Inc                                         | RealPage Inc 1st Lien Term Loan                                       | CUSIP: 75605VAD4<br>LEI: 5493001RSFZX4122A604 | Long             | LON              | CORP              | US        |    153208 | PA      | $149819.27    | 0.28%             | 2028-04-24      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| Go Daddy Operating Company LLC                       | Go Daddy Operating Company LLC 2024 Term Loan B8                      | CUSIP: 38017BAX4<br>LEI: 5493005GJOH8HLL11157 | Long             | LON              | CORP              | US        |     84354 | PA      | $83132.87     | 0.15%             | 2029-11-09      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| iShares Broad USD High Yield Corporate Bond ETF      | iShares Broad USD High Yield Corporate Bond ETF                       | CUSIP: 46435U853<br>LEI: 549300X7H67ZLUE3IZ46 | Long             | EC               | RF                | US        |     54000 | NS      | $2010420.00   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones DesLauriers Insurance Management Inc.          | Jones DesLauriers Insurance Management Inc 2026 Repriced Term Loan B  | CUSIP: 000000000<br>LEI: 549300JQIWNFU00E5424 | Long             | LON              | CORP              | CA        |    184418 | PA      | $181651.51    | 0.34%             | 2033-02-02      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| Arcline FM Holdings LLC                              | Arcline FM Holdings LLC 2025 1st Lien Term Loan                       | CUSIP: 03960DAJ2<br>LEI: 2549000HKCEC1E8UTO17 | Long             | LON              | CORP              | US        |    100244 | PA      | $100690.85    | 0.19%             | 2030-06-23      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Ardonagh Midco 3 PLC                                 | Ardonagh Midco 3 PLC 2024 USD Term Loan B                             | CUSIP: 000000000<br>LEI: 254900YP2E642AGM4G32 | Long             | LON              | CORP              | AU        |    207933 | PA      | $204901.02    | 0.38%             | 2031-02-15      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Filtration Group Corporation                         | Filtration Group Corporation 2025 USD Term Loan                       | CUSIP: 31732FAX4<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |    174218 | PA      | $174404.40    | 0.32%             | 2028-10-21      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Genesys Cloud Services Holdings II LLC               | Genesys Cloud Services Holdings II LLC 2025 USD Term Loan B           | CUSIP: 39479UAY9<br>LEI: 254900CRMBG6WX4HX396 | Long             | LON              | CORP              | US        |    172304 | PA      | $166402.92    | 0.31%             | 2032-01-30      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Aramark Services Inc                                 | Aramark Services Inc 2025 Repriced Term Loan                          | CUSIP: 03852JBB6<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |     20000 | PA      | $20041.60     | 0.04%             | 2028-04-06      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Springs Windows Fashions LLC                         | Springs Windows Fashions LLC 2024 FLFO Delayed Draw Term Loan         | CUSIP: 78489HAH1<br>LEI: 5493000CMZKPQ7BKPB20 | Long             | LON              | CORP              | US        |     32845 | PA      | $32539.84     | 0.06%             | 2029-12-19      | Floating      | 8.15%                 | No            |                  2 | On Loan: No      |
| Epicor Software Corporation                          | Epicor Software Corporation 2024 Term Loan F                          | CUSIP: 29426NAZ7<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |    216747 | PA      | $213632.24    | 0.40%             | 2031-05-30      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| EMRLD Borrower LP                                    | EMRLD Borrower LP 2024 Term Loan B                                    | CUSIP: 26872NAD1<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |    186484 | PA      | $186626.13    | 0.35%             | 2031-08-04      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| M6 ETX Holdings II Midco LLC                         | M6 ETX Holdings II Midco LLC 2025 1st Lien Term Loan B                | CUSIP: 55285DAJ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     58624 | PA      | $58770.47     | 0.11%             | 2032-04-01      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Sunrise Financing Partnership                        | Sunrise Financing Partnership Term Loan AAA                           | CUSIP: 000000000<br>LEI: 213800DXWIS9KORQ3X94 | Long             | LON              | CORP              | US        |     40000 | PA      | $39984.80     | 0.07%             | 2032-02-15      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| LifePoint Health Inc                                 | LifePoint Health Inc 2024 1st Lien Term Loan B                        | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |     99047 | PA      | $98572.80     | 0.18%             | 2031-05-19      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-29

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

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer