# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0000940400-25-002566
**Filing Date:** 2025-9
**Character Count:** 65508
**Document Hash:** 4850275278cd6847d4326b6b62260a0e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-002566.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0000940400-25-002566

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**PERIOD START**: 20260430

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09729
- **FILM NUMBER:** 251344579

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

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

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

## Series and Classes Contracts Data

### iShares Core U.S. REIT ETF (Series ID: S000015627)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000042588 | iShares Core U.S. REIT ETF | USRT            |

## Nport-Ex

Schedule of Investments (unaudited)

July 31, 2025

**iShares® Core U.S. REIT ETF** 

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

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

---

| | | |
|:---|:---|:---|
| *Security* | <br>*Shares*<br>| *Value* |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Diversified REITs — 2.7%** | **Diversified REITs — 2.7%** | **Diversified REITs — 2.7%** |
| Alexander & Baldwin, Inc. | 193063 | $3471273 |
| Alpine Income Property Trust, Inc. | 33877 | 475972 |
| American Assets Trust, Inc. | 138164 | 2629261 |
| Armada Hoffler Properties, Inc. | 215449 | 1471516 |
| Broadstone Net Lease, Inc. | 503049 | 8169516 |
| CTO Realty Growth, Inc. | 80571 | 1330227 |
| Essential Properties Realty Trust, Inc. | 526918 | 16065730 |
| Gladstone Commercial Corp. | 120972 | 1590782 |
| Global Net Lease, Inc. | 523583 | 3659845 |
| NexPoint Diversified Real Estate Trust | 94597 | 415281 |
| One Liberty Properties, Inc. | 48620 | 1088115 |
| WP Carey, Inc. | 580499 | 37244816 |
|  |  | 77612334 |
| **Health Care REITs — 17.5%** | **Health Care REITs — 17.5%** | **Health Care REITs — 17.5%** |
| Alexandria Real Estate Equities, Inc. | 459369 | 35109573 |
| American Healthcare REIT, Inc. | 422224 | 16314735 |
| CareTrust REIT, Inc. | 501057 | 15933613 |
| Community Healthcare Trust, Inc. | 73534 | 1130218 |
| Diversified Healthcare Trust | 587905 | 1922449 |
| Global Medical REIT, Inc. | 168632 | 1126462 |
| Healthcare Realty Trust, Inc. | 877847 | 13483730 |
| Healthpeak Properties, Inc. | 1856460 | 31448432 |
| LTC Properties, Inc. | 120739 | 4109956 |
| Medical Properties Trust, Inc.<sup>(a)</sup> | 1341094 | 5525307 |
| National Health Investors, Inc. | 122511 | 8558618 |
| Omega Healthcare Investors, Inc. | 769090 | 29917601 |
| Sabra Health Care REIT, Inc. | 631018 | 11377255 |
| Sila Realty Trust, Inc. | 147943 | 3615727 |
| Universal Health Realty Income Trust | 34541 | 1339845 |
| Ventas, Inc. | 1168517 | 78500972 |
| Welltower, Inc. | 1526907 | 252046538 |
|  |  | 511461031 |
| **Hotel & Resort REITs — 2.7%** | **Hotel & Resort REITs — 2.7%** | **Hotel & Resort REITs — 2.7%** |
| Apple Hospitality REIT, Inc. | 593690 | 6975858 |
| Braemar Hotels & Resorts, Inc. | 158804 | 349369 |
| Chatham Lodging Trust | 123903 | 845018 |
| DiamondRock Hospitality Co. | 553549 | 4273398 |
| Host Hotels & Resorts, Inc. | 1836559 | 28870707 |
| Park Hotels & Resorts, Inc. | 527076 | 5618630 |
| Pebblebrook Hotel Trust | 312828 | 3137665 |
| RLJ Lodging Trust | 394162 | 2916799 |
| Ryman Hospitality Properties, Inc. | 156051 | 14834208 |
| Service Properties Trust | 410271 | 1079013 |
| Summit Hotel Properties, Inc. | 290013 | 1513868 |
| Sunstone Hotel Investors, Inc. | 510972 | 4471005 |
| Xenia Hotels & Resorts, Inc. | 269907 | 3430518 |
|  |  | 78316056 |
| **Industrial REITs — 12.2%** | **Industrial REITs — 12.2%** | **Industrial REITs — 12.2%** |
| Americold Realty Trust, Inc. | 764211 | 12288513 |
| EastGroup Properties, Inc. | 139615 | 22790753 |
| First Industrial Realty Trust, Inc. | 342858 | 16704042 |
| Industrial Logistics Properties Trust | 142735 | 759350 |
| Innovative Industrial Properties, Inc. | 74026 | 3827144 |
| Lineage, Inc.<sup>(a)</sup> | 189640 | 8182966 |
| LXP Industrial Trust | 774582 | 6010756 |
| Plymouth Industrial REIT, Inc. | 108463 | 1574883 |
| Prologis, Inc. | 2162543 | 230916342 |
| Rexford Industrial Realty, Inc. | 634710 | 23185956 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Industrial REITs (continued)** | **Industrial REITs (continued)** | **Industrial REITs (continued)** |
| STAG Industrial, Inc. | 500031 | $17166064 |
| Terreno Realty Corp. | 271268 | 15052661 |
|  |  | 358459430 |
| **Office REITs — 4.3%** | **Office REITs — 4.3%** | **Office REITs — 4.3%** |
| Brandywine Realty Trust | 461810 | 1847240 |
| BXP, Inc. | 424191 | 27754817 |
| City Office REIT, Inc. | 108371 | 752095 |
| COPT Defense Properties | 302075 | 8240606 |
| Cousins Properties, Inc. | 447664 | 12131694 |
| Douglas Emmett, Inc. | 375321 | 5689866 |
| Easterly Government Properties, Inc. | 105438 | 2319636 |
| Empire State Realty Trust, Inc., Class A | 367625 | 2661605 |
| Highwoods Properties, Inc. | 284489 | 8253026 |
| Hudson Pacific Properties, Inc. | 853848 | 2091928 |
| JBG SMITH Properties | 197047 | 4173456 |
| Kilroy Realty Corp. | 314087 | 11577247 |
| NET Lease Office Properties<sup>(a)(b)</sup> | 40083 | 1330355 |
| Orion Properties, Inc. | 141941 | 371885 |
| Paramount Group, Inc.<sup>(b)</sup> | 497265 | 3043262 |
| Peakstone Realty Trust, Class E | 98589 | 1340810 |
| Piedmont Realty Trust, Inc., Class A | 331104 | 2503146 |
| Postal Realty Trust, Inc., Class A | 59609 | 817239 |
| SL Green Realty Corp. | 190921 | 10930227 |
| Vornado Realty Trust | 472392 | 18149301 |
|  |  | 125979441 |
| **Residential REITs — 16.1%** | **Residential REITs — 16.1%** | **Residential REITs — 16.1%** |
| American Homes 4 Rent, Class A | 915033 | 31742495 |
| Apartment Investment & Management Co., Class A | 351660 | 2957460 |
| AvalonBay Communities, Inc. | 380878 | 70949954 |
| BRT Apartments Corp. | 29098 | 423376 |
| Camden Property Trust | 287846 | 31432783 |
| Centerspace | 44774 | 2437049 |
| Elme Communities | 234663 | 3538718 |
| Equity LifeStyle Properties, Inc. | 507663 | 30419167 |
| Equity Residential | 1014376 | 64108563 |
| Essex Property Trust, Inc. | 170687 | 44409344 |
| Independence Realty Trust, Inc. | 616607 | 10340499 |
| Invitation Homes, Inc. | 1638694 | 50225971 |
| Mid-America Apartment Communities, Inc. | 311623 | 44384464 |
| NexPoint Residential Trust, Inc. | 59614 | 1858764 |
| Sun Communities, Inc. | 338387 | 41970140 |
| UDR, Inc. | 884775 | 34762810 |
| UMH Properties, Inc. | 207543 | 3378800 |
| Veris Residential, Inc. | 209945 | 2956026 |
|  |  | 472296383 |
| **Retail REITs — 16.9%** | **Retail REITs — 16.9%** | **Retail REITs — 16.9%** |
| Acadia Realty Trust | 350650 | 6564168 |
| Agree Realty Corp. | 289920 | 20787264 |
| Alexander's, Inc. | 5780 | 1451878 |
| Brixmor Property Group, Inc. | 815356 | 21305252 |
| CBL & Associates Properties, Inc. | 48398 | 1309650 |
| Curbline Properties Corp. | 258520 | 5713292 |
| Federal Realty Investment Trust | 227815 | 20995431 |
| FrontView REIT, Inc. | 47345 | 557251 |
| Getty Realty Corp. | 137827 | 3830212 |
| InvenTrust Properties Corp. | 207302 | 5715316 |
| Kimco Realty Corp. | 1789635 | 37993951 |
| Kite Realty Group Trust | 585488 | 12869026 |
| Macerich Co. (The) | 672275 | 11233715 |
| NETSTREIT Corp. | 218308 | 3979755 |
| NNN REIT, Inc. | 500775 | 20661977 |

---

------

Schedule of Investments (unaudited) (continued)

July 31, 2025

**iShares® Core U.S. REIT ETF** 

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

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Retail REITs (continued)** | **Retail REITs (continued)** | **Retail REITs (continued)** |
| Phillips Edison & Co., Inc. | 334703 | $11309614 |
| Realty Income Corp. | 2191237 | 122994133 |
| Regency Centers Corp. | 483784 | 34542178 |
| Saul Centers, Inc. | 32633 | 1051435 |
| Simon Property Group, Inc. | 800574 | 131126016 |
| SITE Centers Corp. | 132829 | 1430568 |
| Tanger, Inc. | 297066 | 8917921 |
| Urban Edge Properties | 336722 | 6640158 |
| Whitestone REIT | 120942 | 1474283 |
|  |  | 494454444 |
| **Specialized REITs — 27.1%** | **Specialized REITs — 27.1%** | **Specialized REITs — 27.1%** |
| CubeSmart | 606226 | 23588254 |
| Digital Realty Trust, Inc. | 769335 | 135741467 |
| EPR Properties | 200047 | 11010587 |
| Equinix, Inc. | 231260 | 181578414 |
| Extra Space Storage, Inc. | 564225 | 75809271 |
| Farmland Partners, Inc. | 109878 | 1150423 |
| Four Corners Property Trust, Inc. | 264904 | 6686177 |
| Gaming & Leisure Properties, Inc. | 706794 | 32215671 |
| Gladstone Land Corp. | 92466 | 850687 |
| Iron Mountain, Inc. | 785762 | 76501788 |
| Lamar Advertising Co., Class A | 234661 | 28687307 |
| National Storage Affiliates Trust | 189196 | 5573714 |
| Outfront Media, Inc. | 370316 | 6491640 |
| Public Storage | 410380 | 111598737 |
| Safehold, Inc. | 150182 | 2101046 |
| Smartstop Self Storage REIT, Inc. | 75195 | 2547607 |
| VICI Properties, Inc. | 2828560 | 92211056 |
|  |  | 794343846 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Unknown SOI_Real Estate Sub type — 0.3%** | **Unknown SOI_Real Estate Sub type — 0.3%** | **Unknown SOI_Real Estate Sub type — 0.3%** |
| Millrose Properties, Inc., Class A | 321253 | $9634378 |
| **Total Long-Term Investments — 99.8%** <br>**(Cost: $3,067,783,165)** | **Total Long-Term Investments — 99.8%** <br>**(Cost: $3,067,783,165)** | 2922557343 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 0.2%** | **Money Market Funds — 0.2%** | **Money Market Funds — 0.2%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 4.44%<sup>(c)(d)(e)</sup><br>| 424697 | 424867 |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency Shares, <br> 4.30%<sup>(c)(d)</sup><br>| 4177312 | 4177312 |
| **Total Short-Term Securities — 0.2%** <br>**(Cost: $4,602,076)** | **Total Short-Term Securities — 0.2%** <br>**(Cost: $4,602,076)** | 4602179 |
| **Total Investments — 100.0%** <br>**(Cost: $3,072,385,241)** | **Total Investments — 100.0%** <br>**(Cost: $3,072,385,241)** | 2927159522 |
| **Other Assets Less Liabilities — 0.0%** | **Other Assets Less Liabilities — 0.0%** | 552423 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $2927711945 |

---

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

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

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

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

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

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

**Affiliates**

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*04/30/25*<br>| *Purchases* <br>*at Cost*<br>| *Net* <br>*Realized* <br>*Gain* <br>*(Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*07/31/25*<br>| *Shares* <br>*Held at* <br>*07/31/25*<br>| *Income* | *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL <br> Agency Shares<br>| &nbsp;&nbsp; $5873641<br>| &nbsp;&nbsp; $—<br> &nbsp;&nbsp; $(5448778 )<sup>(a)</sup><br>| &nbsp;&nbsp; $34 | &nbsp;&nbsp; $(30)<br>| &nbsp;&nbsp; $424867 | &nbsp;&nbsp; 424697 | &nbsp;&nbsp; $1136 <br><sup>(b)</sup><br>| &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL <br> Agency Shares<br>| &nbsp;&nbsp; 5262548<br>| &nbsp;&nbsp; —<br> &nbsp;&nbsp; (1085236 )<sup>(a)</sup><br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 4177312 | &nbsp;&nbsp; 4177312 | &nbsp;&nbsp; 70760 | &nbsp;&nbsp; — |
|  |  |  | &nbsp;&nbsp; $34 | &nbsp;&nbsp; $(30)<br>| &nbsp;&nbsp; $4602179 |  | &nbsp;&nbsp; $71896 | &nbsp;&nbsp; $— |

---

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

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

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

------

Schedule of Investments (unaudited) (continued)

July 31, 2025

**iShares® Core U.S. REIT ETF** 

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

**Futures Contracts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | &nbsp;&nbsp; *Number of* <br>*Contracts*<br>| &nbsp;&nbsp;&nbsp;&nbsp; *Expiration* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(000)*<br>| &nbsp;&nbsp;&nbsp; *Value/* <br>*Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| Long Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dow Jones U.S. Real Estate Index | 149 | 09/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; $5392 | &nbsp;&nbsp;&nbsp;&nbsp; $(2899)<br>|

---

**Fair Value Hierarchy as of Period End**

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks  | &nbsp;&nbsp; $2922557343 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2922557343 |
| &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; 4602179 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 4602179 |
|  | &nbsp;&nbsp; $2927159522 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2927159522 |
| Derivative Financial Instruments<sup>(a)</sup> <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | &nbsp;&nbsp; $(2899)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(2899)<br>|

---

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

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

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

---

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

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

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

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

- **a. Name of Series:** iShares Core U.S. REIT ETF

- **b. EDGAR series identifier (if any):** S000015627

- **c. LEI of Series:** 5493007O5MQ5SB3U7346

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2928390966.12

**Total Liabilities:** $679079.63

**Net Assets:** $2927711886.49

**Cash Not Reported:** $590000.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000042588 | 2.11%                | -0.50%               | -0.90%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-162361.42              | $55349723.49                               |
| Month 2  | $-13349072.18            | $-23375722.56                              |
| Month 3  | $568436.67               | $-31107399.85                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Smartstop Self Storage REIT In              | Smartstop Self Storage REIT Inc        | CUSIP: 83192D402<br>LEI: 549300EC266625K12S42 | Long             | EC               | CORP              | US        |     75195 | NS      | $2547606.60   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp                        | SL Green Realty Corp                   | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |    190921 | NS      | $10930227.25  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Hotel Properties Inc                 | Summit Hotel Properties Inc            | CUSIP: 866082100<br>LEI: 254900OBQWJK6X20LS71 | Long             | EC               | CORP              | US        |    290013 | NS      | $1513867.86   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                              | EPR Properties                         | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |    200047 | NS      | $11010586.88  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Plymouth Industrial REIT Inc                | Plymouth Industrial REIT Inc           | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    108463 | NS      | $1574882.76   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                     | UDR Inc                                | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |    884775 | NS      | $34762809.75  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Piedmont Realty Trust Inc                   | Piedmont Realty Trust Inc              | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    331104 | NS      | $2503146.24   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey Inc                                | WP Carey Inc                           | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |    580499 | NS      | $37244815.84  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpine Income Property Trust I              | Alpine Income Property Trust Inc       | CUSIP: 02083X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33877 | NS      | $475971.85    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Realty Income              | Universal Health Realty Income Trust   | CUSIP: 91359E105<br>LEI: 549300L4MWZL4IH6H172 | Long             | EC               | CORP              | US        |     34541 | NS      | $1339845.39   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BRT Apartments Corp                         | BRT Apartments Corp                    | CUSIP: 055645303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29098 | NS      | $423375.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT Inc                | American Healthcare REIT Inc           | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |    422224 | NS      | $16314735.36  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Inc                                  | Tanger Inc                             | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |    297066 | NS      | $8917921.32   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Braemar Hotels & Resorts Inc                | Braemar Hotels & Resorts Inc           | CUSIP: 10482B101<br>LEI: 549300JDUUEBN868C776 | Long             | EC               | CORP              | US        |    158804 | NS      | $349368.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc               | Rexford Industrial Realty Inc          | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    634710 | NS      | $23185956.30  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT Inc                                | NNN REIT Inc                           | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |    500775 | NS      | $20661976.50  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Tr              | Essential Properties Realty Trust Inc  | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |    526918 | NS      | $16065729.82  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| City Office REIT Inc                        | City Office REIT Inc                   | CUSIP: 178587101<br>LEI: 5493003J7157VP25NL57 | Long             | EC               | CORP              | CA        |    108371 | NS      | $752094.74    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co/The                             | Macerich Co/The                        | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |    672275 | NS      | $11233715.25  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust               | First Industrial Realty Trust Inc      | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    342858 | NS      | $16704041.76  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease Inc                    | Broadstone Net Lease Inc               | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |    503049 | NS      | $8169515.76   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust Inc                 | Healthcare Realty Trust Inc            | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |    877847 | NS      | $13483729.92  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerspace                                 | Centerspace                            | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               | CORP              | US        |     44774 | NS      | $2437048.82   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties I              | Ryman Hospitality Properties Inc       | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |    156051 | NS      | $14834208.06  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Veris Residential Inc                       | Veris Residential Inc                  | CUSIP: 554489104<br>LEI: 254900KTVBRYJCQU2J23 | Long             | EC               | CORP              | US        |    209945 | NS      | $2956025.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Medical Properties Trust Inc                | Medical Properties Trust Inc           | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               | CORP              | US        |   1341094 | NS      | $5525307.28   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| NETSTREIT Corp                              | NETSTREIT Corp                         | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               | CORP              | US        |    218308 | NS      | $3979754.84   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Easterly Government Properties              | Easterly Government Properties Inc     | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |    105438 | NS      | $2319636.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial Logistics Propertie              | Industrial Logistics Properties Trust  | CUSIP: 456237106<br>LEI: 5493004XH9PJW009HR47 | Long             | EC               | CORP              | US        |    142735 | NS      | $759350.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc                        | Invitation Homes Inc                   | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1638694 | NS      | $50225971.10  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| NET Lease Office Properties                 | NET Lease Office Properties            | CUSIP: 64110Y108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40083 | NS      | $1330354.77   | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| BLACKROCK CASH FUNDS                        | BLACKROCK CASH FUNDS                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   4177312 | NS      | $4177311.70   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Lineage Inc                                 | Lineage Inc                            | CUSIP: 53566V106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    189640 | NS      | $8182966.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| COPT Defense Properties                     | COPT Defense Properties                | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |    302075 | NS      | $8240606.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc                   | Host Hotels & Resorts Inc              | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |   1836559 | NS      | $28870707.48  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc                   | AvalonBay Communities Inc              | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |    380878 | NS      | $70949953.84  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| FrontView REIT Inc                          | FrontView REIT Inc                     | CUSIP: 35922N100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47345 | NS      | $557250.65    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander's Inc                             | Alexander's Inc                        | CUSIP: 014752109<br>LEI: 549300TZM28P04U5R635 | Long             | EC               | CORP              | US        |      5780 | NS      | $1451878.20   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CBL & Associates Properties In              | CBL & Associates Properties Inc        | CUSIP: 124830878<br>LEI: 529900EIVFBRS4PUBZ13 | Long             | EC               | CORP              | US        |     48398 | NS      | $1309649.88   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Hoffler Properties Inc               | Armada Hoffler Properties Inc          | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |    215449 | NS      | $1471516.67   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP Inc                                     | BXP Inc                                | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |    424191 | NS      | $27754817.13  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Tr              | National Storage Affiliates Trust      | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |    189196 | NS      | $5573714.16   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                       | American Homes 4 Rent                  | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |    915033 | NS      | $31742494.77  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Peakstone Realty Trust                      | Peakstone Realty Trust                 | CUSIP: 39818P799<br>LEI: 549300EZQXWQI2YL1T80 | Long             | EC               | CORP              | US        |     98589 | NS      | $1340810.40   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties In              | Equity LifeStyle Properties Inc        | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |    507663 | NS      | $30419166.96  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Elme Communities                            | Elme Communities                       | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               | CORP              | US        |    234663 | NS      | $3538718.04   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                   | CubeSmart                              | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    606226 | NS      | $23588253.66  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp                          | Kilroy Realty Corp                     | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |    314087 | NS      | $11577246.82  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                           | Agree Realty Corp                      | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    289920 | NS      | $20787264.00  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC Properties Inc                          | LTC Properties Inc                     | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |    120739 | NS      | $4109955.56   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                | Prologis Inc                           | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |   2162543 | NS      | $230916341.54 | 7.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                         | Sun Communities Inc                    | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |    338387 | NS      | $41970139.61  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Safehold Inc                                | Safehold Inc                           | CUSIP: 78646V107<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EC               | CORP              | US        |    150182 | NS      | $2101046.18   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                        | LXP Industrial Trust                   | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |    774582 | NS      | $6010756.32   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                       | Urban Edge Properties                  | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    336722 | NS      | $6640157.84   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett Inc                          | Douglas Emmett Inc                     | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    375321 | NS      | $5689866.36   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT Inc                  | Apple Hospitality REIT Inc             | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |    593690 | NS      | $6975857.50   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors Inc              | Omega Healthcare Investors Inc         | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |    769090 | NS      | $29917601.00  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co                        | Lamar Advertising Co                   | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |    234661 | NS      | $28687307.25  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors Inc                | Sunstone Hotel Investors Inc           | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |    510972 | NS      | $4471005.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust In              | Four Corners Property Trust Inc        | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |    264904 | NS      | $6686176.96   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                    | Digital Realty Trust Inc               | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |    769335 | NS      | $135741467.40 | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                        | Vornado Realty Trust                   | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    472392 | NS      | $18149300.64  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Healthcare Trust Inc              | Community Healthcare Trust Inc         | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             | EC               | CORP              | US        |     73534 | NS      | $1130217.58   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                     | Pebblebrook Hotel Trust                | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |    312828 | NS      | $3137664.84   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Properti              | Innovative Industrial Properties Inc   | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |     74026 | NS      | $3827144.20   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                                  | Ventas Inc                             | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |   1168517 | NS      | $78500972.06  | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Net Lease Inc                        | Global Net Lease Inc                   | CUSIP: 379378201<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EC               | CORP              | US        |    523583 | NS      | $3659845.17   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties Inc                     | Millrose Properties Inc                | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    321253 | NS      | $9634377.47   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Group Inc                         | Paramount Group Inc                    | CUSIP: 69924R108<br>LEI: 5493006GJU1CFI7Z5J17 | Long             | EC               | CORP              | US        |    497265 | NS      | $3043261.80   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc                      | Cousins Properties Inc                 | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |    447664 | NS      | $12131694.40  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                          | Realty Income Corp                     | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |   2191237 | NS      | $122994132.81 | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                         | STAG Industrial Inc                    | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |    500031 | NS      | $17166064.23  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp                        | Regency Centers Corp                   | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |    483784 | NS      | $34542177.60  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Curbline Properties Corp                    | Curbline Properties Corp               | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |    258520 | NS      | $5713292.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties Inc                          | UMH Properties Inc                     | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |    207543 | NS      | $3378800.04   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                           | Iron Mountain Inc                      | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |    785762 | NS      | $76501788.32  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| NexPoint Diversified Real Esta              | NexPoint Diversified Real Estate Trust | CUSIP: 65340G205<br>LEI: 5493008KGR2NU3OXMR64 | Long             | EC               | RF                | US        |     94597 | NS      | $415280.83    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Realty Trust                         | Acadia Realty Trust                    | CUSIP: 004239109<br>LEI: 254900C5XLB1YYJQSH07 | Long             | EC               | CORP              | US        |    350650 | NS      | $6564168.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| National Health Investors Inc               | National Health Investors Inc          | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |    122511 | NS      | $8558618.46   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                         | VICI Properties Inc                    | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |   2828560 | NS      | $92211056.00  | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sila Realty Trust Inc                       | Sila Realty Trust Inc                  | CUSIP: 146280508<br>LEI: 549300HXH142HWKKSW59 | Long             | EC               | CORP              | US        |    147943 | NS      | $3615726.92   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                   | Healthpeak Properties Inc              | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |   1856460 | NS      | $31448432.40  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                               | Welltower Inc                          | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |   1526907 | NS      | $252046538.49 | 8.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Chatham Lodging Trust                       | Chatham Lodging Trust                  | CUSIP: 16208T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    123903 | NS      | $845018.46    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                    | Simon Property Group Inc               | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |    800574 | NS      | $131126015.46 | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties Inc                    | Highwoods Properties Inc               | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |    284489 | NS      | $8253025.89   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| DiamondRock Hospitality Co                  | DiamondRock Hospitality Co             | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |    553549 | NS      | $4273398.28   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc               | Independence Realty Trust Inc          | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |    616607 | NS      | $10340499.39  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Saul Centers Inc                            | Saul Centers Inc                       | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32633 | NS      | $1051435.26   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| InvenTrust Properties Corp                  | InvenTrust Properties Corp             | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        |    207302 | NS      | $5715316.14   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Properties Trust                    | Service Properties Trust               | CUSIP: 81761L102<br>LEI: 529900IS770AG1K9QG27 | Long             | EC               | CORP              | US        |    410271 | NS      | $1079012.73   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | DJ US REAL ESTATE                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DE               | CORP              | US        |       132 | NC      | $-2909.54     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc                    | Essex Property Trust Inc               | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |    170687 | NS      | $44409343.66  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp                           | Kimco Realty Corp                      | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |   1789635 | NS      | $37993951.05  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitestone REIT                             | Whitestone REIT                        | CUSIP: 966084204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    120942 | NS      | $1474282.98   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equitie              | Alexandria Real Estate Equities Inc    | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |    459369 | NS      | $35109572.67  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| NexPoint Residential Trust Inc              | NexPoint Residential Trust Inc         | CUSIP: 65341D102<br>LEI: 549300U2J6XVYBF87166 | Long             | EC               | CORP              | US        |     59614 | NS      | $1858764.52   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                              | Public Storage                         | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |    410380 | NS      | $111598737.20 | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| CTO Realty Growth Inc                       | CTO Realty Growth Inc                  | CUSIP: 22948Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80571 | NS      | $1330227.21   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Medical REIT Inc                     | Global Medical REIT Inc                | CUSIP: 37954A204<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EC               | CORP              | US        |    168632 | NS      | $1126461.76   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                       | Camden Property Trust                  | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |    287846 | NS      | $31432783.20  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc                   | American Assets Trust Inc              | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    138164 | NS      | $2629260.92   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                          | Equity Residential                     | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |   1014376 | NS      | $64108563.20  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin Inc                     | Alexander & Baldwin Inc                | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    193063 | NS      | $3471272.74   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| One Liberty Properties Inc                  | One Liberty Properties Inc             | CUSIP: 682406103<br>LEI: 549300QII1CQZGZBZR14 | Long             | EC               | CORP              | US        |     48620 | NS      | $1088115.60   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SITE Centers Corp                           | SITE Centers Corp                      | CUSIP: 82981J851<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               | CORP              | US        |    132829 | NS      | $1430568.33   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JBG SMITH Properties                        | JBG SMITH Properties                   | CUSIP: 46590V100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    197047 | NS      | $4173455.46   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                 | Equinix Inc                            | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |    231260 | NS      | $181578414.20 | 6.20%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ Lodging Trust                           | RLJ Lodging Trust                      | CUSIP: 74965L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    394162 | NS      | $2916798.80   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Outfront Media Inc                          | Outfront Media Inc                     | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               | CORP              | US        |    370316 | NS      | $6491639.48   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Properties Inc                        | Orion Properties Inc                   | CUSIP: 68629Y103<br>LEI: 254900ZBXYX11W8ZL437 | Long             | EC               | CORP              | US        |    141941 | NS      | $371885.42    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trus              | Federal Realty Investment Trust        | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |    227815 | NS      | $20995430.40  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT Inc                  | Sabra Health Care REIT Inc             | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |    631018 | NS      | $11377254.54  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT Inc                          | CareTrust REIT Inc                     | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |    501057 | NS      | $15933612.60  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                     | Kite Realty Group Trust                | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    585488 | NS      | $12869026.24  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts Inc                  | Xenia Hotels & Resorts Inc             | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |    269907 | NS      | $3430517.97   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Brandywine Realty Trust                     | Brandywine Realty Trust                | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               | CORP              | US        |    461810 | NS      | $1847240.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                     | Extra Space Storage Inc                | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    564225 | NS      | $75809271.00  | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                  | Brixmor Property Group Inc             | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |    815356 | NS      | $21305252.28  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Gladstone Land Corp                         | Gladstone Land Corp                    | CUSIP: 376549101<br>LEI: 54930002B3Q17H38FG74 | Long             | EC               | CORP              | US        |     92466 | NS      | $850687.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Diversified Healthcare Trust                | Diversified Healthcare Trust           | CUSIP: 25525P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    587905 | NS      | $1922449.35   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Hotels & Resorts Inc                   | Park Hotels & Resorts Inc              | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |    527076 | NS      | $5618630.16   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust Inc                  | Americold Realty Trust Inc             | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               | CORP              | US        |    764211 | NS      | $12288512.88  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Pacific Properties Inc               | Hudson Pacific Properties Inc          | CUSIP: 444097109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    853848 | NS      | $2091927.60   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp                           | Getty Realty Corp                      | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |    137827 | NS      | $3830212.33   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties               | Gaming and Leisure Properties Inc      | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |    706794 | NS      | $32215670.52  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire State Realty Trust Inc               | Empire State Realty Trust Inc          | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |    367625 | NS      | $2661605.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmland Partners Inc                       | Farmland Partners Inc                  | CUSIP: 31154R109<br>LEI: 549300LB188CHPZ4IL37 | Long             | EC               | CORP              | US        |    109878 | NS      | $1150422.66   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Postal Realty Trust Inc                     | Postal Realty Trust Inc                | CUSIP: 73757R102<br>LEI: 5493007B7ZZSIJRGWC41 | Long             | EC               | CORP              | US        |     59609 | NS      | $817239.39    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Apartment Investment and Manag              | Apartment Investment and Management Co | CUSIP: 03748R747<br>LEI: 549300O8FT5GJ4RU1D57 | Long             | EC               | CORP              | US        |    351660 | NS      | $2957460.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communit              | Mid-America Apartment Communities Inc  | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |    311623 | NS      | $44384463.89  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp                         | Terreno Realty Corp                    | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    271268 | NS      | $15052661.32  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Co Inc                    | Phillips Edison & Co Inc               | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               | CORP              | US        |    334703 | NS      | $11309614.37  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc                    | EastGroup Properties Inc               | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |    139615 | NS      | $22790752.60  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Gladstone Commercial Corp                   | Gladstone Commercial Corp              | CUSIP: 376536108<br>LEI: 529900EVVV534W8R0T32 | Long             | EC               | CORP              | US        |    120972 | NS      | $1590781.80   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK GLOBAL                            | BLACKROCK GLOBAL                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    429706 | NS      | $429878.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-25

**Name of Applicant:** iShares Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer