# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001410368-25-010153
**Filing Date:** 2025-9
**Character Count:** 3815808
**Document Hash:** fdebfc044dfcd5c17bb2d55202943801
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-010153.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-010153

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iSHARES 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:** 251338643

**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 1-5 Year USD Bond ETF (Series ID: S000038926)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000119711 | iShares Core 1-5 Year USD Bond ETF | ISTB            |

## Nport-Ex

Schedule of Investments (unaudited)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Asset-Backed Securities** | **Asset-Backed Securities** | **Asset-Backed Securities** |
| Ally Auto Receivables Trust, 4.14%, 07/16/29 | &nbsp;&nbsp;&nbsp; $600 | $598470 |
| American Express Credit Account Master Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 09/15/30 | &nbsp;&nbsp;&nbsp; 1000 | 1028402 |
| &nbsp;&nbsp;&nbsp; 4.65%, 07/15/29 | &nbsp;&nbsp;&nbsp; 1110 | 1119002 |
| &nbsp;&nbsp;&nbsp; 4.51%, 04/15/32 | &nbsp;&nbsp;&nbsp; 300 | 302409 |
| &nbsp;&nbsp;&nbsp; 4.28%, 04/15/30 | &nbsp;&nbsp;&nbsp; 700 | 701605 |
| &nbsp;&nbsp;&nbsp; 4.30%, 07/15/30 | &nbsp;&nbsp;&nbsp; 1000 | 1002619 |
| BA Credit Card Trust, 4.93%, 05/15/29 | &nbsp;&nbsp;&nbsp; 1450 | 1467548 |
| BMW Vehicle Owner Trust, 4.66%, 12/27/32 | &nbsp;&nbsp;&nbsp; 270 | 272267 |
| &nbsp;&nbsp;&nbsp; Capital One Prime Auto Receivables Trust, 4.62%, <br> 07/16/29<br>| &nbsp;&nbsp;&nbsp; 500 | 502036 |
| Carmax Auto Owner Trust, 4.47%, 01/15/31 | &nbsp;&nbsp;&nbsp; 400 | 401033 |
| CarMax Auto Owner Trust, 4.48%, 03/15/30 | &nbsp;&nbsp;&nbsp; 800 | 802805 |
| Chase Issuance Trust, 5.08%, 09/15/30 | &nbsp;&nbsp;&nbsp; 1000 | 1022937 |
| &nbsp;&nbsp;&nbsp; Citibank Credit Card Issuance Trust, 4.49%, <br> 06/21/32<br>| &nbsp;&nbsp;&nbsp; 500 | 501771 |
| Drive Auto Receivables Trust, 4.94%, 05/17/32 | &nbsp;&nbsp;&nbsp; 80 | 79388 |
| Exeter Automobile Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.92%, 02/15/30 | &nbsp;&nbsp;&nbsp; 1000 | 1015441 |
| &nbsp;&nbsp;&nbsp; 5.74%, 05/15/29 | &nbsp;&nbsp;&nbsp; 2000 | 2017135 |
| Ford Credit Auto Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.09%, 12/15/28 | &nbsp;&nbsp;&nbsp; 2100 | 2116613 |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/15/30 | &nbsp;&nbsp;&nbsp; 500 | 504050 |
| &nbsp;&nbsp;&nbsp; Ford Credit Floorplan Master Owner Trust A, 4.63%, <br> 04/15/30<br>| &nbsp;&nbsp;&nbsp; 500 | 503411 |
| &nbsp;&nbsp;&nbsp; GM Financial Consumer Automobile Receivables <br> Trust, 4.47%, 02/16/28<br>| &nbsp;&nbsp;&nbsp; 1308 | 1308942 |
| &nbsp;&nbsp;&nbsp; Honda Auto Receivables Owner Trust, 4.57%, <br> 03/21/29<br>| &nbsp;&nbsp;&nbsp; 1200 | 1203049 |
| Hyundai Auto Receivables Trust, 4.41%, 05/15/29 | &nbsp;&nbsp;&nbsp; 1535 | 1537893 |
| John Deere Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.96%, 11/15/28 | &nbsp;&nbsp;&nbsp; 320 | 322087 |
| &nbsp;&nbsp;&nbsp; 4.06%, 06/15/29 | &nbsp;&nbsp;&nbsp; 1430 | 1424440 |
| Mercedes-Benz Auto Lease Trust, 4.69%, 02/18/31 | &nbsp;&nbsp;&nbsp; 500 | 504786 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Auto Receivables Trust, 4.78%, <br> 12/17/29<br>| &nbsp;&nbsp;&nbsp; 1000 | 1008293 |
| PSNH Funding LLC 3, 3.81%, 02/01/35 | &nbsp;&nbsp;&nbsp; 500 | 483535 |
| Santander Drive Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.23%, 12/15/28 | &nbsp;&nbsp;&nbsp; 430 | 432129 |
| &nbsp;&nbsp;&nbsp; 4.87%, 05/15/31 | &nbsp;&nbsp;&nbsp; 500 | 502791 |
| &nbsp;&nbsp;&nbsp; 5.32%, 12/15/31 | &nbsp;&nbsp;&nbsp; 250 | 251670 |
| &nbsp;&nbsp;&nbsp; 4.67%, 08/15/29 | &nbsp;&nbsp;&nbsp; 500 | 501426 |
| Synchrony Card Funding LLC, 4.49%, 05/15/31 | &nbsp;&nbsp;&nbsp; 500 | 502279 |
| Toyota Auto Receivables Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 06/15/29 | &nbsp;&nbsp;&nbsp; 1000 | 1000983 |
| &nbsp;&nbsp;&nbsp; 4.34%, 11/15/29 | &nbsp;&nbsp;&nbsp; 100 | 100266 |
| &nbsp;&nbsp;&nbsp; 4.11%, 03/15/30 | &nbsp;&nbsp;&nbsp; 650 | 648415 |
| &nbsp;&nbsp;&nbsp; 4.19%, 01/15/31 | &nbsp;&nbsp;&nbsp; 750 | 748048 |
| Verizon Master Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.16%, 06/20/29 | &nbsp;&nbsp;&nbsp; 4000 | 4025926 |
| &nbsp;&nbsp;&nbsp; 4.17%, 08/20/30 | &nbsp;&nbsp;&nbsp; 1000 | 997635 |
| Volkswagen Auto Lease Trust, 4.50%, 06/20/28 | &nbsp;&nbsp;&nbsp; 500 | 500960 |
| WF Card Issuance Trust, 4.94%, 02/15/29 | &nbsp;&nbsp;&nbsp; 1000 | 1009824 |
| &nbsp;&nbsp;&nbsp; World Omni Auto Receivables Trust, 5.09%, <br> 12/17/29<br>| &nbsp;&nbsp;&nbsp; 600 | 605808 |
| **Total Asset-Backed Securities — 0.8%** <br>**(Cost: $35,449,169)** | **Total Asset-Backed Securities — 0.8%** <br>**(Cost: $35,449,169)** | 35580127 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Collateralized Mortgage Obligations** | **Collateralized Mortgage Obligations** | **Collateralized Mortgage Obligations** |
| **Mortgage-Backed Securities — 1.9%** | **Mortgage-Backed Securities — 1.9%** | **Mortgage-Backed Securities — 1.9%** |
| Bank5, 5.88%, 08/15/57 | &nbsp;&nbsp;&nbsp; $500 | $519761 |
| BANK5, 5.61%, 08/15/57 | &nbsp;&nbsp;&nbsp; 1500 | 1545434 |
| BBCMS Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.05%, 12/15/51 | &nbsp;&nbsp;&nbsp; 500 | 491620 |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/15/57 | &nbsp;&nbsp;&nbsp; 300 | 305066 |
| &nbsp;&nbsp;&nbsp; 5.89%, 09/15/57 | &nbsp;&nbsp;&nbsp; 1000 | 1028090 |
| &nbsp;&nbsp;&nbsp; 6.64%, 03/15/57<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 250 | 255832 |
| &nbsp;&nbsp;&nbsp; Series 2018-C2, Class A5, 4.31%, 12/15/51 | &nbsp;&nbsp;&nbsp; 800 | 791521 |
| BBCMS Trust, 2.27%, 07/15/54 | &nbsp;&nbsp;&nbsp; 500 | 465655 |
| Benchmark Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.36%, 05/15/55 | &nbsp;&nbsp;&nbsp; 300 | 303459 |
| &nbsp;&nbsp;&nbsp; 5.60%, 08/15/57 | &nbsp;&nbsp;&nbsp; 500 | 515189 |
| &nbsp;&nbsp;&nbsp; 5.93%, 03/15/57 | &nbsp;&nbsp;&nbsp; 1000 | 1037196 |
| &nbsp;&nbsp;&nbsp; 6.06%, 01/10/57<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 500 | 507203 |
| &nbsp;&nbsp;&nbsp; 6.06%, 08/15/57<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 500 | 516355 |
| &nbsp;&nbsp;&nbsp; 6.79%, 03/15/57 | &nbsp;&nbsp;&nbsp; 500 | 520538 |
| &nbsp;&nbsp;&nbsp; 6.95%, 07/15/57<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 140 | 147633 |
| &nbsp;&nbsp;&nbsp; Series 2018-B21, Class A2, 1.74%, 12/17/53 | &nbsp;&nbsp;&nbsp; 397 | 387116 |
| &nbsp;&nbsp;&nbsp; Series 2023-B38, Class A2, 5.63%, 04/15/56 | &nbsp;&nbsp;&nbsp; 7000 | 7137483 |
| BMARK, 7.46%, 11/15/56<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 250 | 264911 |
| BMO Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.32%, 09/15/57 | &nbsp;&nbsp;&nbsp; 200 | 203585 |
| &nbsp;&nbsp;&nbsp; 5.58%, 05/15/58 | &nbsp;&nbsp;&nbsp; 450 | 464108 |
| &nbsp;&nbsp;&nbsp; 5.63%, 12/15/57<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 700 | 720296 |
| &nbsp;&nbsp;&nbsp; 5.74%, 12/15/57<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 500 | 494105 |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/15/57<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 500 | 507004 |
| &nbsp;&nbsp;&nbsp; 5.86%, 02/15/57 | &nbsp;&nbsp;&nbsp; 650 | 674172 |
| &nbsp;&nbsp;&nbsp; 5.88%, 09/15/57<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199431 |
| &nbsp;&nbsp;&nbsp; 5.89%, 11/15/57<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 410500 |
| &nbsp;&nbsp;&nbsp; 6.20%, 11/15/57<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 900 | 924383 |
| &nbsp;&nbsp;&nbsp; Cantor Commercial Real Estate Lending, 2.87%, <br> 11/15/52<br>| &nbsp;&nbsp;&nbsp; 500 | 463926 |
| CD Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.91%, 11/13/50<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 187239 |
| &nbsp;&nbsp;&nbsp; Series 2016-CD2, Class A3, 3.25%, 11/10/49 | &nbsp;&nbsp;&nbsp; 946 | 928300 |
| Citigroup Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.92%, 12/15/72<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 179800 |
| &nbsp;&nbsp;&nbsp; Series 2018-B2, Class A4, 4.01%, 03/10/51 | &nbsp;&nbsp;&nbsp; 1000 | 976289 |
| &nbsp;&nbsp;&nbsp; Series 2019-C7, Class A4, 3.10%, 12/15/72 | &nbsp;&nbsp;&nbsp; 1000 | 935197 |
| Commission Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Class-A4, 3.09%, 10/10/49 | &nbsp;&nbsp;&nbsp; 5440 | 5339233 |
| &nbsp;&nbsp;&nbsp; Series 2015-CR27, Class A4, 3.61%, 10/10/48 | &nbsp;&nbsp;&nbsp; 950 | 947857 |
| CSAIL Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.91%, 12/15/52<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 90077 |
| &nbsp;&nbsp;&nbsp; 4.05%, 03/15/52 | &nbsp;&nbsp;&nbsp; 520 | 508283 |
| &nbsp;&nbsp;&nbsp; 4.45%, 04/15/51<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 388212 |
| &nbsp;&nbsp;&nbsp; Series 2019-C18, Class A4, 2.97%, 12/15/52 | &nbsp;&nbsp;&nbsp; 710 | 662653 |
| DBJPM Mortgage Trust, 3.56%, 06/10/50<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 956744 |
| &nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily <br> Structured Pass-Through Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 09/25/29 | &nbsp;&nbsp;&nbsp; 2000 | 1911059 |
| &nbsp;&nbsp;&nbsp; 3.78%, 01/25/32 | &nbsp;&nbsp;&nbsp; 4895 | 4783903 |
| &nbsp;&nbsp;&nbsp; 4.46%, 08/25/31 | &nbsp;&nbsp;&nbsp; 2000 | 2001062 |
| &nbsp;&nbsp;&nbsp; 4.57%, 12/25/28 | &nbsp;&nbsp;&nbsp; 1000 | 1007104 |
| &nbsp;&nbsp;&nbsp; 4.74%, 08/25/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10000 | 10113189 |
| &nbsp;&nbsp;&nbsp; 5.20%, 02/25/31 | &nbsp;&nbsp;&nbsp; 3110 | 3225270 |
| &nbsp;&nbsp;&nbsp; 5.36%, 01/25/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2720 | 2803623 |
| &nbsp;&nbsp;&nbsp; 5.40%, 01/25/29 | &nbsp;&nbsp;&nbsp; 1726 | 1779750 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; Federal National Mortgage Association-ACES, <br> 1.32%, 05/25/30<br>| &nbsp;&nbsp;&nbsp; $489 | $433238 |
| &nbsp;&nbsp;&nbsp; GS Mortgage Securities Trust, Series 2017-GS7, <br> Class AAB, 3.20%, 08/10/50<br>| &nbsp;&nbsp;&nbsp; 1480 | 1460180 |
| Morgan Stanley Bank of America Merrill Lynch Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.64%, 03/15/58 | &nbsp;&nbsp;&nbsp; 200 | 207110 |
| &nbsp;&nbsp;&nbsp; Series 2016-C31, Class A5, 3.10%, 11/15/49 | &nbsp;&nbsp;&nbsp; 3075 | 3001169 |
| Morgan Stanley Capital I Trust |  |  |
| &nbsp;&nbsp;&nbsp; 2.45%, 02/15/53 | &nbsp;&nbsp;&nbsp; 500 | 457575 |
| &nbsp;&nbsp;&nbsp; 3.65%, 11/15/52<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 125 | 113864 |
| &nbsp;&nbsp;&nbsp; Series 2019-L3, Class AS, 3.49%, 11/15/52 | &nbsp;&nbsp;&nbsp; 970 | 902482 |
| &nbsp;&nbsp;&nbsp; SG Commercial Mortgage Securities Trust, Series <br> 2016-C5, Class C5, 2.90%, 10/10/48<br>| &nbsp;&nbsp;&nbsp; 50 | 49507 |
| &nbsp;&nbsp;&nbsp; UBS Commercial Mortgage Trust, Series 2018-C14, <br> Class ASB, 4.39%, 12/15/51<br>| &nbsp;&nbsp;&nbsp; 2632 | 2624860 |
| Wells Fargo Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.15%, 03/15/51<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 500 | 486115 |
| &nbsp;&nbsp;&nbsp; 4.67%, 09/15/61<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 983059 |
| &nbsp;&nbsp;&nbsp; 5.93%, 07/15/57 | &nbsp;&nbsp;&nbsp; 2000 | 2079894 |
| &nbsp;&nbsp;&nbsp; 6.23%, 01/15/58<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 500 | 504962 |
| &nbsp;&nbsp;&nbsp; 6.39%, 01/15/58<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 500 | 524067 |
| &nbsp;&nbsp;&nbsp; Series 2016-C35, Class A4, 2.93%, 07/15/48 | &nbsp;&nbsp;&nbsp; 1000 | 980941 |
| &nbsp;&nbsp;&nbsp; Series 2016-NXS5, Class A6, 3.64%, 01/15/59 | &nbsp;&nbsp;&nbsp; 5000 | 4964646 |
| &nbsp;&nbsp;&nbsp; Series 2017-C39, Class A5, 3.42%, 09/15/50 | &nbsp;&nbsp;&nbsp; 5000 | 4837315 |
|  |  | 86137400 |
| **Total Collateralized Mortgage Obligations — 1.9%** <br>**(Cost: $87,030,751)** | **Total Collateralized Mortgage Obligations — 1.9%** <br>**(Cost: $87,030,751)** | 86137400 |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Advertising — 0.1%** | **Advertising — 0.1%** | **Advertising — 0.1%** |
| &nbsp;&nbsp;&nbsp; Advantage Sales & Marketing Inc., 6.50%, <br> 11/15/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 170 | 128196 |
| Clear Channel Outdoor Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 08/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 440 | 439397 |
| &nbsp;&nbsp;&nbsp; 7.50%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 310 | 282507 |
| &nbsp;&nbsp;&nbsp; 7.75%, 04/15/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 305 | 288421 |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 257269 |
| &nbsp;&nbsp;&nbsp; 9.00%, 09/15/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 245 | 256785 |
| CMG Media Corp., 8.88%, 06/18/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 170379 |
| Interpublic Group of Companies Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 10/01/28 | &nbsp;&nbsp;&nbsp; 100 | 100049 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/30/30 | &nbsp;&nbsp;&nbsp; 215 | 215126 |
| Lamar Media Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/15/28 | &nbsp;&nbsp;&nbsp; 200 | 193140 |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/15/30 | &nbsp;&nbsp;&nbsp; 175 | 166017 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/15/29 | &nbsp;&nbsp;&nbsp; 125 | 122777 |
| Neptune Bidco U.S. Inc., 9.29%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 775 | 750178 |
| Omnicom Group Inc., 2.45%, 04/30/30 | &nbsp;&nbsp;&nbsp; 180 | 163005 |
| &nbsp;&nbsp;&nbsp; Outfront Media Capital LLC/Outfront Media <br> Capital Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 166749 |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/15/30<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 135 | 128120 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 203009 |
| Stagwell Global LLC, 5.63%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 325 | 312499 |
|  |  | 4343623 |
| **Aerospace & Defense — 0.4%** | **Aerospace & Defense — 0.4%** | **Aerospace & Defense — 0.4%** |
| AAR Escrow Issuer LLC, 6.75%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 179610 |
| Airbus SE, 3.15%, 04/10/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 260 | 255460 |
| BAE Systems Finance Inc., 7.50%, 07/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 105713 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| BAE Systems PLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.40%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $400 | $381302 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/26/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 206840 |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/26/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 380 | 388890 |
| Boeing Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 2.70%, 02/01/27 | &nbsp;&nbsp;&nbsp; 370 | 359331 |
| &nbsp;&nbsp;&nbsp; 2.80%, 03/01/27 | &nbsp;&nbsp;&nbsp; 150 | 145615 |
| &nbsp;&nbsp;&nbsp; 2.95%, 02/01/30 | &nbsp;&nbsp;&nbsp; 205 | 190332 |
| &nbsp;&nbsp;&nbsp; 3.20%, 03/01/29 | &nbsp;&nbsp;&nbsp; 320 | 304687 |
| &nbsp;&nbsp;&nbsp; 3.25%, 02/01/28 | &nbsp;&nbsp;&nbsp; 375 | 363088 |
| &nbsp;&nbsp;&nbsp; 3.25%, 03/01/28 | &nbsp;&nbsp;&nbsp; 65 | 62839 |
| &nbsp;&nbsp;&nbsp; 3.45%, 11/01/28 | &nbsp;&nbsp;&nbsp; 25 | 24076 |
| &nbsp;&nbsp;&nbsp; 5.04%, 05/01/27 | &nbsp;&nbsp;&nbsp; 655 | 658798 |
| &nbsp;&nbsp;&nbsp; 5.15%, 05/01/30 | &nbsp;&nbsp;&nbsp; 1250 | 1269756 |
| &nbsp;&nbsp;&nbsp; 6.26%, 05/01/27 | &nbsp;&nbsp;&nbsp; 345 | 353843 |
| &nbsp;&nbsp;&nbsp; 6.30%, 05/01/29 | &nbsp;&nbsp;&nbsp; 465 | 490670 |
| Bombardier Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 251067 |
| &nbsp;&nbsp;&nbsp; 7.13%, 06/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 50 | 50151 |
| &nbsp;&nbsp;&nbsp; 7.50%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 233671 |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 57 | 57184 |
| &nbsp;&nbsp;&nbsp; Embraer Netherlands Finance BV, 7.00%, <br> 07/28/30<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 213935 |
| General Dynamics Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 08/15/26 | &nbsp;&nbsp;&nbsp; 60 | 58709 |
| &nbsp;&nbsp;&nbsp; 3.50%, 04/01/27 | &nbsp;&nbsp;&nbsp; 375 | 371140 |
| &nbsp;&nbsp;&nbsp; 3.63%, 04/01/30 | &nbsp;&nbsp;&nbsp; 300 | 291306 |
| &nbsp;&nbsp;&nbsp; 3.75%, 05/15/28 | &nbsp;&nbsp;&nbsp; 280 | 277314 |
| General Electric Co., 4.30%, 07/29/30 | &nbsp;&nbsp;&nbsp; 125 | 124465 |
| HEICO Corp., 5.25%, 08/01/28 | &nbsp;&nbsp;&nbsp; 130 | 132534 |
| Hexcel Corp., 4.20%, 02/15/27 | &nbsp;&nbsp;&nbsp; 178 | 176142 |
| Howmet Aerospace Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 01/15/29 | &nbsp;&nbsp;&nbsp; 185 | 176534 |
| &nbsp;&nbsp;&nbsp; 5.90%, 02/01/27 | &nbsp;&nbsp;&nbsp; 250 | 255036 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/28 | &nbsp;&nbsp;&nbsp; 155 | 162832 |
| Incora Top Holdco LLC, 6.00%, 01/31/33<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 139 | 133760 |
| L3Harris Technologies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.90%, 12/15/29 | &nbsp;&nbsp;&nbsp; 115 | 107516 |
| &nbsp;&nbsp;&nbsp; 3.85%, 12/15/26 | &nbsp;&nbsp;&nbsp; 135 | 133887 |
| &nbsp;&nbsp;&nbsp; 4.40%, 06/15/28 | &nbsp;&nbsp;&nbsp; 715 | 714850 |
| &nbsp;&nbsp;&nbsp; 5.05%, 06/01/29 | &nbsp;&nbsp;&nbsp; 150 | 152780 |
| &nbsp;&nbsp;&nbsp; 5.40%, 01/15/27 | &nbsp;&nbsp;&nbsp; 450 | 455526 |
| Lockheed Martin Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.15%, 08/15/28 | &nbsp;&nbsp;&nbsp; 150 | 149636 |
| &nbsp;&nbsp;&nbsp; 4.40%, 08/15/30 | &nbsp;&nbsp;&nbsp; 195 | 194384 |
| &nbsp;&nbsp;&nbsp; 4.45%, 05/15/28 | &nbsp;&nbsp;&nbsp; 180 | 181032 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/29 | &nbsp;&nbsp;&nbsp; 220 | 221475 |
| &nbsp;&nbsp;&nbsp; 5.10%, 11/15/27 | &nbsp;&nbsp;&nbsp; 335 | 341484 |
| Moog Inc., 4.25%, 12/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 185 | 180899 |
| Northrop Grumman Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.20%, 02/01/27 | &nbsp;&nbsp;&nbsp; 90 | 88440 |
| &nbsp;&nbsp;&nbsp; 3.25%, 01/15/28 | &nbsp;&nbsp;&nbsp; 695 | 677495 |
| &nbsp;&nbsp;&nbsp; 4.40%, 05/01/30 | &nbsp;&nbsp;&nbsp; 5 | 4992 |
| &nbsp;&nbsp;&nbsp; 4.60%, 02/01/29 | &nbsp;&nbsp;&nbsp; 175 | 176497 |
| &nbsp;&nbsp;&nbsp; 4.65%, 07/15/30 | &nbsp;&nbsp;&nbsp; 225 | 226524 |
| Rolls-Royce PLC, 5.75%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 330 | 337535 |
| RTX Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 07/01/30 | &nbsp;&nbsp;&nbsp; 25 | 22508 |
| &nbsp;&nbsp;&nbsp; 2.65%, 11/01/26 | &nbsp;&nbsp;&nbsp; 260 | 254426 |
| &nbsp;&nbsp;&nbsp; 3.13%, 05/04/27 | &nbsp;&nbsp;&nbsp; 360 | 352244 |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/15/27 | &nbsp;&nbsp;&nbsp; 376 | 370791 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| &nbsp;&nbsp;&nbsp; 4.13%, 11/16/28 | &nbsp;&nbsp;&nbsp; $885 | $878838 |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/08/26 | &nbsp;&nbsp;&nbsp; 415 | 421162 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/29 | &nbsp;&nbsp;&nbsp; 230 | 239983 |
| &nbsp;&nbsp;&nbsp; 7.20%, 08/15/27 | &nbsp;&nbsp;&nbsp; 30 | 31672 |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/15/29 | &nbsp;&nbsp;&nbsp; 125 | 138565 |
| Spirit AeroSystems Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 06/15/28 | &nbsp;&nbsp;&nbsp; 225 | 221377 |
| &nbsp;&nbsp;&nbsp; 9.38%, 11/30/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 158650 |
| ST Engineering RHQ Ltd., 4.25%, 05/08/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200304 |
| TransDigm Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/15/29 | &nbsp;&nbsp;&nbsp; 375 | 366579 |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/01/29 | &nbsp;&nbsp;&nbsp; 225 | 220725 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 750 | 767728 |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 630 | 642897 |
|  |  | 18340031 |
| **Agriculture — 0.3%** | **Agriculture — 0.3%** | **Agriculture — 0.3%** |
| Altria Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.63%, 09/16/26 | &nbsp;&nbsp;&nbsp; 30 | 29377 |
| &nbsp;&nbsp;&nbsp; 3.40%, 05/06/30 | &nbsp;&nbsp;&nbsp; 240 | 227014 |
| &nbsp;&nbsp;&nbsp; 4.80%, 02/14/29 | &nbsp;&nbsp;&nbsp; 595 | 599334 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/04/28 | &nbsp;&nbsp;&nbsp; 155 | 156412 |
| &nbsp;&nbsp;&nbsp; 6.20%, 11/01/28 | &nbsp;&nbsp;&nbsp; 165 | 173199 |
| &nbsp;&nbsp;&nbsp; Amaggi Luxembourg International SARL, 5.25%, <br> 01/28/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 195487 |
| Archer-Daniels-Midland Co. |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 08/11/26 | &nbsp;&nbsp;&nbsp; 352 | 345383 |
| &nbsp;&nbsp;&nbsp; 3.25%, 03/27/30 | &nbsp;&nbsp;&nbsp; 305 | 289835 |
| BAT Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.26%, 03/25/28 | &nbsp;&nbsp;&nbsp; 635 | 599723 |
| &nbsp;&nbsp;&nbsp; 3.22%, 09/06/26 | &nbsp;&nbsp;&nbsp; 317 | 312654 |
| &nbsp;&nbsp;&nbsp; 3.46%, 09/06/29 | &nbsp;&nbsp;&nbsp; 40 | 38386 |
| &nbsp;&nbsp;&nbsp; 3.56%, 08/15/27 | &nbsp;&nbsp;&nbsp; 611 | 599678 |
| &nbsp;&nbsp;&nbsp; 4.70%, 04/02/27 | &nbsp;&nbsp;&nbsp; 337 | 337734 |
| &nbsp;&nbsp;&nbsp; 4.91%, 04/02/30 | &nbsp;&nbsp;&nbsp; 300 | 302903 |
| BAT International Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.45%, 03/16/28 | &nbsp;&nbsp;&nbsp; 275 | 274102 |
| &nbsp;&nbsp;&nbsp; 5.93%, 02/02/29 | &nbsp;&nbsp;&nbsp; 340 | 355161 |
| Bunge Ltd Finance Corp., 4.55%, 08/04/30 | &nbsp;&nbsp;&nbsp; 100 | 99789 |
| Bunge Ltd. Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 04/21/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 270 | 264838 |
| &nbsp;&nbsp;&nbsp; 3.25%, 08/15/26 | &nbsp;&nbsp;&nbsp; 145 | 143147 |
| &nbsp;&nbsp;&nbsp; 3.75%, 09/25/27 | &nbsp;&nbsp;&nbsp; 120 | 118513 |
| &nbsp;&nbsp;&nbsp; 4.10%, 01/07/28 | &nbsp;&nbsp;&nbsp; 230 | 228114 |
| &nbsp;&nbsp;&nbsp; 4.20%, 09/17/29 | &nbsp;&nbsp;&nbsp; 220 | 216904 |
| &nbsp;&nbsp;&nbsp; 4.90%, 04/21/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 211260 |
| Cargill Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 04/23/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 180689 |
| &nbsp;&nbsp;&nbsp; 3.25%, 05/23/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 10 | 9622 |
| &nbsp;&nbsp;&nbsp; 3.63%, 04/22/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 237331 |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/11/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 100 | 100840 |
| Darling Ingredients Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 159748 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 301858 |
| Imperial Brands Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 07/26/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 296868 |
| &nbsp;&nbsp;&nbsp; 3.88%, 07/26/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 266153 |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/30/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199633 |
| &nbsp;&nbsp;&nbsp; 5.50%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 359861 |
| &nbsp;&nbsp;&nbsp; 6.13%, 07/27/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 310 | 318660 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Agriculture (continued)** | **Agriculture (continued)** | **Agriculture (continued)** |
| Japan Tobacco Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.85%, 05/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $250 | $252446 |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 256248 |
| Philip Morris International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.10%, 05/01/30 | &nbsp;&nbsp;&nbsp; 200 | 179221 |
| &nbsp;&nbsp;&nbsp; 3.13%, 08/17/27 | &nbsp;&nbsp;&nbsp; 125 | 122023 |
| &nbsp;&nbsp;&nbsp; 3.13%, 03/02/28 | &nbsp;&nbsp;&nbsp; 160 | 155314 |
| &nbsp;&nbsp;&nbsp; 3.38%, 08/15/29 | &nbsp;&nbsp;&nbsp; 315 | 302404 |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/28/28 | &nbsp;&nbsp;&nbsp; 185 | 183764 |
| &nbsp;&nbsp;&nbsp; 4.38%, 11/01/27 | &nbsp;&nbsp;&nbsp; 180 | 180150 |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/30/30 | &nbsp;&nbsp;&nbsp; 155 | 153897 |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/01/29 | &nbsp;&nbsp;&nbsp; 165 | 165870 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/12/27 | &nbsp;&nbsp;&nbsp; 270 | 271578 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/15/28 | &nbsp;&nbsp;&nbsp; 459 | 464607 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/13/29 | &nbsp;&nbsp;&nbsp; 330 | 334296 |
| &nbsp;&nbsp;&nbsp; 5.13%, 11/17/27 | &nbsp;&nbsp;&nbsp; 563 | 571652 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/15/30 | &nbsp;&nbsp;&nbsp; 600 | 614274 |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/07/28 | &nbsp;&nbsp;&nbsp; 115 | 117867 |
| &nbsp;&nbsp;&nbsp; 5.63%, 11/17/29 | &nbsp;&nbsp;&nbsp; 445 | 464273 |
|  |  | 13340094 |
| **Airlines — 0.2%** | **Airlines — 0.2%** | **Airlines — 0.2%** |
| Air Canada, 3.88%, 08/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 356 | 352428 |
| Air Canada Pass Through Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015-1, Class A, 3.60%, 09/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 66 | 64377 |
| &nbsp;&nbsp;&nbsp; Series 2020-1, Class C, 10.50%, 07/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 90 | 94134 |
| &nbsp;&nbsp;&nbsp; Alaska Airlines Pass Through Trust, Series 2020-1, <br> 4.80%, 02/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 210 | 209756 |
| Allegiant Travel Co., 7.25%, 08/15/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 185 | 185113 |
| American Airlines Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 230 | 234620 |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 313505 |
| &nbsp;&nbsp;&nbsp; American Airlines Inc./AAdvantage Loyalty IP Ltd., <br> 5.75%, 04/20/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 900 | 899654 |
| American Airlines Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014-1, Class A, 3.70%, 04/01/28 | &nbsp;&nbsp;&nbsp; 120 | 117428 |
| &nbsp;&nbsp;&nbsp; Series 2015-1, Class A, 3.38%, 11/01/28 | &nbsp;&nbsp;&nbsp; 182 | 177173 |
| &nbsp;&nbsp;&nbsp; Series 2015-2, Class AA, 3.60%, 03/22/29 | &nbsp;&nbsp;&nbsp; 92 | 89325 |
| &nbsp;&nbsp;&nbsp; Series 2016-1, Class AA, 3.58%, 07/15/29 | &nbsp;&nbsp;&nbsp; 86 | 83166 |
| &nbsp;&nbsp;&nbsp; Series 2016-2, Class AA, 3.20%, 12/15/29 | &nbsp;&nbsp;&nbsp; 152 | 145093 |
| &nbsp;&nbsp;&nbsp; Series 2016-3, Class AA, 3.00%, 04/15/30 | &nbsp;&nbsp;&nbsp; 40 | 37414 |
| &nbsp;&nbsp;&nbsp; Series 2017-1, Class AA, 3.65%, 02/15/29 | &nbsp;&nbsp;&nbsp; 105 | 100432 |
| &nbsp;&nbsp;&nbsp; Series 2017-2, Class AA, 3.35%, 04/15/31 | &nbsp;&nbsp;&nbsp; 127 | 120749 |
| AS Mileage Plan IP Ltd., 5.02%, 10/20/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 248143 |
| Avianca Midco 2 PLC |  |  |
| &nbsp;&nbsp;&nbsp; 9.00%, 12/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 381098 |
| &nbsp;&nbsp;&nbsp; 9.63%, 02/14/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 186053 |
| Delta Air Lines Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 10/28/29 | &nbsp;&nbsp;&nbsp; 160 | 153298 |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/19/28 | &nbsp;&nbsp;&nbsp; 155 | 153902 |
| &nbsp;&nbsp;&nbsp; 4.95%, 07/10/28 | &nbsp;&nbsp;&nbsp; 135 | 135670 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/10/30 | &nbsp;&nbsp;&nbsp; 105 | 106052 |
| &nbsp;&nbsp;&nbsp; Delta Air Lines Inc./SkyMiles IP Ltd., 4.75%, <br> 10/20/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1060 | 1061174 |
| &nbsp;&nbsp;&nbsp; Delta Air Lines Pass-Through Trust, Series 2020, <br> Class AA, 2.00%, 12/10/29<br>| &nbsp;&nbsp;&nbsp; 168 | 159196 |
| Gol Finance Inc., 14.38%, 06/06/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 583937 |
| Grupo Aeromexico SAB de CV, 8.25%, 11/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196755 |
| Latam Airlines Group SA, 7.88%, 04/15/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 412469 |
| OneSky Flight LLC, 8.88%, 12/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 173892 |
| Southwest Airlines Co. |  |  |
| &nbsp;&nbsp;&nbsp; 2.63%, 02/10/30 | &nbsp;&nbsp;&nbsp; 150 | 136430 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Airlines (continued)** | **Airlines (continued)** | **Airlines (continued)** |
| &nbsp;&nbsp;&nbsp; 3.45%, 11/16/27 | &nbsp;&nbsp;&nbsp; $15 | $14569 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/15/27 | &nbsp;&nbsp;&nbsp; 565 | 568765 |
| United Airlines Inc., 4.63%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 600 | 585599 |
| United Airlines Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014-2, Class A, 3.75%, 03/03/28 | &nbsp;&nbsp;&nbsp; 172 | 169947 |
| &nbsp;&nbsp;&nbsp; Series 2016-1, Class AA, 3.10%, 01/07/30 | &nbsp;&nbsp;&nbsp; 14 | 13783 |
| &nbsp;&nbsp;&nbsp; Series 2016-2, Class AA, 2.88%, 04/07/30 | &nbsp;&nbsp;&nbsp; 190 | 179349 |
| &nbsp;&nbsp;&nbsp; Series 2020-1, 5.88%, 04/15/29 | &nbsp;&nbsp;&nbsp; 365 | 371694 |
| &nbsp;&nbsp;&nbsp; Series A, 3.10%, 04/07/30 | &nbsp;&nbsp;&nbsp; 53 | 49418 |
| &nbsp;&nbsp;&nbsp; VistaJet Malta Finance PLC/Vista Management <br> Holding Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 02/01/30<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 285 | 269244 |
| &nbsp;&nbsp;&nbsp; 7.88%, 05/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 165565 |
| &nbsp;&nbsp;&nbsp; 9.50%, 06/01/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 160 | 164392 |
|  |  | 9864761 |
| **Apparel — 0.1%** | **Apparel — 0.1%** | **Apparel — 0.1%** |
| Crocs Inc., 4.25%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 95180 |
| Kontoor Brands Inc., 4.13%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 106973 |
| NIKE Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.38%, 11/01/26 | &nbsp;&nbsp;&nbsp; 275 | 268761 |
| &nbsp;&nbsp;&nbsp; 2.75%, 03/27/27 | &nbsp;&nbsp;&nbsp; 390 | 380683 |
| &nbsp;&nbsp;&nbsp; 2.85%, 03/27/30 | &nbsp;&nbsp;&nbsp; 440 | 413155 |
| PVH Corp., 5.50%, 06/13/30 | &nbsp;&nbsp;&nbsp; 75 | 75564 |
| Ralph Lauren Corp., 2.95%, 06/15/30 | &nbsp;&nbsp;&nbsp; 200 | 186453 |
| Tapestry Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 07/15/27 | &nbsp;&nbsp;&nbsp; 32 | 31749 |
| &nbsp;&nbsp;&nbsp; 5.10%, 03/11/30 | &nbsp;&nbsp;&nbsp; 245 | 248143 |
| Under Armour Inc., 7.25%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 25 | 25601 |
| VF Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.80%, 04/23/27 | &nbsp;&nbsp;&nbsp; 130 | 124126 |
| &nbsp;&nbsp;&nbsp; 2.95%, 04/23/30 | &nbsp;&nbsp;&nbsp; 235 | 199051 |
| William Carter Co. (The), 5.63%, 03/15/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 160 | 158832 |
| Wolverine World Wide Inc., 4.00%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 157674 |
|  |  | 2471945 |
| **Auto Manufacturers — 1.3%** | **Auto Manufacturers — 1.3%** | **Auto Manufacturers — 1.3%** |
| Allison Transmission Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 118847 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 150604 |
| American Honda Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.30%, 09/09/26 | &nbsp;&nbsp;&nbsp; 415 | 400571 |
| &nbsp;&nbsp;&nbsp; 2.00%, 03/24/28 | &nbsp;&nbsp;&nbsp; 250 | 234692 |
| &nbsp;&nbsp;&nbsp; 2.25%, 01/12/29 | &nbsp;&nbsp;&nbsp; 200 | 185590 |
| &nbsp;&nbsp;&nbsp; 2.35%, 01/08/27 | &nbsp;&nbsp;&nbsp; 265 | 257213 |
| &nbsp;&nbsp;&nbsp; 3.50%, 02/15/28 | &nbsp;&nbsp;&nbsp; 180 | 176084 |
| &nbsp;&nbsp;&nbsp; 4.40%, 10/05/26 | &nbsp;&nbsp;&nbsp; 150 | 149824 |
| &nbsp;&nbsp;&nbsp; 4.40%, 09/05/29 | &nbsp;&nbsp;&nbsp; 250 | 248924 |
| &nbsp;&nbsp;&nbsp; 4.45%, 10/22/27 | &nbsp;&nbsp;&nbsp; 205 | 205057 |
| &nbsp;&nbsp;&nbsp; 4.55%, 07/09/27 | &nbsp;&nbsp;&nbsp; 100 | 100198 |
| &nbsp;&nbsp;&nbsp; 4.55%, 03/03/28 | &nbsp;&nbsp;&nbsp; 125 | 125212 |
| &nbsp;&nbsp;&nbsp; 4.60%, 04/17/30 | &nbsp;&nbsp;&nbsp; 200 | 199785 |
| &nbsp;&nbsp;&nbsp; 4.70%, 01/12/28 | &nbsp;&nbsp;&nbsp; 120 | 120694 |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/05/30 | &nbsp;&nbsp;&nbsp; 125 | 125846 |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/12/27 | &nbsp;&nbsp;&nbsp; 150 | 150972 |
| &nbsp;&nbsp;&nbsp; 4.90%, 07/09/27 | &nbsp;&nbsp;&nbsp; 200 | 201656 |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/13/29 | &nbsp;&nbsp;&nbsp; 220 | 222854 |
| &nbsp;&nbsp;&nbsp; 5.13%, 07/07/28 | &nbsp;&nbsp;&nbsp; 380 | 387058 |
| &nbsp;&nbsp;&nbsp; 5.65%, 11/15/28 | &nbsp;&nbsp;&nbsp; 160 | 165536 |
| &nbsp;&nbsp;&nbsp; Aston Martin Capital Holdings Ltd., 10.00%, <br> 03/31/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 310 | 295527 |
| BMW Finance NV, 2.85%, 08/14/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 215494 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| BMW U.S. Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 08/12/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $295 | $285323 |
| &nbsp;&nbsp;&nbsp; 3.30%, 04/06/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 187 | 183546 |
| &nbsp;&nbsp;&nbsp; 3.45%, 04/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 232 | 228282 |
| &nbsp;&nbsp;&nbsp; 3.63%, 04/18/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 255 | 247124 |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/12/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 80 | 78717 |
| &nbsp;&nbsp;&nbsp; 3.95%, 08/14/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 195 | 192271 |
| &nbsp;&nbsp;&nbsp; 4.15%, 04/09/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 294364 |
| &nbsp;&nbsp;&nbsp; 4.60%, 08/13/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 215 | 215610 |
| &nbsp;&nbsp;&nbsp; 4.65%, 08/13/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 75 | 75086 |
| &nbsp;&nbsp;&nbsp; 4.65%, 03/19/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 125360 |
| &nbsp;&nbsp;&nbsp; 4.65%, 08/13/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 120290 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/21/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 100818 |
| &nbsp;&nbsp;&nbsp; 4.90%, 04/02/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201402 |
| &nbsp;&nbsp;&nbsp; 4.90%, 04/02/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 212451 |
| &nbsp;&nbsp;&nbsp; 5.05%, 08/11/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 415 | 421560 |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/21/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203784 |
| Cummins Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/09/28 | &nbsp;&nbsp;&nbsp; 75 | 75100 |
| &nbsp;&nbsp;&nbsp; 4.90%, 02/20/29 | &nbsp;&nbsp;&nbsp; 105 | 107023 |
| Daimler Truck Finance North America LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 12/14/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 455 | 439792 |
| &nbsp;&nbsp;&nbsp; 2.38%, 12/14/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 209351 |
| &nbsp;&nbsp;&nbsp; 3.65%, 04/07/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 246284 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 161073 |
| &nbsp;&nbsp;&nbsp; 5.13%, 09/25/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 166751 |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/19/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 265 | 268297 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/13/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 280 | 286087 |
| &nbsp;&nbsp;&nbsp; 5.40%, 09/20/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 215 | 220010 |
| Ford Motor Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.35%, 12/08/26 | &nbsp;&nbsp;&nbsp; 545 | 541261 |
| &nbsp;&nbsp;&nbsp; 6.63%, 10/01/28 | &nbsp;&nbsp;&nbsp; 140 | 146718 |
| &nbsp;&nbsp;&nbsp; 9.63%, 04/22/30 | &nbsp;&nbsp;&nbsp; 130 | 150605 |
| Ford Motor Credit Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.70%, 08/10/26 | &nbsp;&nbsp;&nbsp; 475 | 463348 |
| &nbsp;&nbsp;&nbsp; 2.90%, 02/16/28 | &nbsp;&nbsp;&nbsp; 275 | 258063 |
| &nbsp;&nbsp;&nbsp; 2.90%, 02/10/29 | &nbsp;&nbsp;&nbsp; 250 | 227413 |
| &nbsp;&nbsp;&nbsp; 3.82%, 11/02/27 | &nbsp;&nbsp;&nbsp; 275 | 265665 |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/17/27 | &nbsp;&nbsp;&nbsp; 425 | 414223 |
| &nbsp;&nbsp;&nbsp; 4.27%, 01/09/27 | &nbsp;&nbsp;&nbsp; 295 | 290628 |
| &nbsp;&nbsp;&nbsp; 4.54%, 08/01/26 | &nbsp;&nbsp;&nbsp; 245 | 243168 |
| &nbsp;&nbsp;&nbsp; 4.95%, 05/28/27 | &nbsp;&nbsp;&nbsp; 510 | 505808 |
| &nbsp;&nbsp;&nbsp; 5.11%, 05/03/29 | &nbsp;&nbsp;&nbsp; 400 | 391169 |
| &nbsp;&nbsp;&nbsp; 5.13%, 11/05/26 | &nbsp;&nbsp;&nbsp; 200 | 199518 |
| &nbsp;&nbsp;&nbsp; 5.30%, 09/06/29 | &nbsp;&nbsp;&nbsp; 200 | 196439 |
| &nbsp;&nbsp;&nbsp; 5.80%, 03/05/27 | &nbsp;&nbsp;&nbsp; 450 | 452829 |
| &nbsp;&nbsp;&nbsp; 5.80%, 03/08/29 | &nbsp;&nbsp;&nbsp; 455 | 455820 |
| &nbsp;&nbsp;&nbsp; 5.85%, 05/17/27 | &nbsp;&nbsp;&nbsp; 225 | 226522 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/07/29 | &nbsp;&nbsp;&nbsp; 400 | 401144 |
| &nbsp;&nbsp;&nbsp; 5.92%, 03/20/28 | &nbsp;&nbsp;&nbsp; 250 | 251919 |
| &nbsp;&nbsp;&nbsp; 6.80%, 05/12/28 | &nbsp;&nbsp;&nbsp; 440 | 453860 |
| &nbsp;&nbsp;&nbsp; 6.80%, 11/07/28 | &nbsp;&nbsp;&nbsp; 435 | 450112 |
| &nbsp;&nbsp;&nbsp; 7.20%, 06/10/30 | &nbsp;&nbsp;&nbsp; 200 | 210212 |
| &nbsp;&nbsp;&nbsp; 7.35%, 11/04/27 | &nbsp;&nbsp;&nbsp; 485 | 502384 |
| &nbsp;&nbsp;&nbsp; 7.35%, 03/06/30 | &nbsp;&nbsp;&nbsp; 365 | 386002 |
| Ford Otomotiv Sanayi AS, 7.13%, 04/25/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201639 |
| General Motors Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.20%, 10/01/27 | &nbsp;&nbsp;&nbsp; 105 | 104041 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/28 | &nbsp;&nbsp;&nbsp; 95 | 95789 |
| &nbsp;&nbsp;&nbsp; 5.35%, 04/15/28 | &nbsp;&nbsp;&nbsp; 40 | 40657 |
| &nbsp;&nbsp;&nbsp; 5.40%, 10/15/29 | &nbsp;&nbsp;&nbsp; 390 | 398931 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/15/30 | &nbsp;&nbsp;&nbsp; $155 | $158862 |
| &nbsp;&nbsp;&nbsp; 6.80%, 10/01/27 | &nbsp;&nbsp;&nbsp; 490 | 509545 |
| General Motors Financial Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.35%, 02/26/27 | &nbsp;&nbsp;&nbsp; 415 | 400978 |
| &nbsp;&nbsp;&nbsp; 2.40%, 04/10/28 | &nbsp;&nbsp;&nbsp; 385 | 363435 |
| &nbsp;&nbsp;&nbsp; 2.40%, 10/15/28 | &nbsp;&nbsp;&nbsp; 325 | 303335 |
| &nbsp;&nbsp;&nbsp; 2.70%, 08/20/27 | &nbsp;&nbsp;&nbsp; 181 | 174183 |
| &nbsp;&nbsp;&nbsp; 3.60%, 06/21/30 | &nbsp;&nbsp;&nbsp; 400 | 375827 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/06/26 | &nbsp;&nbsp;&nbsp; 331 | 328320 |
| &nbsp;&nbsp;&nbsp; 4.30%, 04/06/29 | &nbsp;&nbsp;&nbsp; 325 | 319124 |
| &nbsp;&nbsp;&nbsp; 4.35%, 01/17/27 | &nbsp;&nbsp;&nbsp; 160 | 159249 |
| &nbsp;&nbsp;&nbsp; 4.90%, 10/06/29 | &nbsp;&nbsp;&nbsp; 330 | 329465 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/09/27 | &nbsp;&nbsp;&nbsp; 514 | 516643 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/15/27 | &nbsp;&nbsp;&nbsp; 150 | 150816 |
| &nbsp;&nbsp;&nbsp; 5.05%, 04/04/28 | &nbsp;&nbsp;&nbsp; 285 | 287907 |
| &nbsp;&nbsp;&nbsp; 5.35%, 07/15/27 | &nbsp;&nbsp;&nbsp; 200 | 202547 |
| &nbsp;&nbsp;&nbsp; 5.35%, 01/07/30 | &nbsp;&nbsp;&nbsp; 380 | 385399 |
| &nbsp;&nbsp;&nbsp; 5.40%, 05/08/27 | &nbsp;&nbsp;&nbsp; 210 | 212780 |
| &nbsp;&nbsp;&nbsp; 5.45%, 07/15/30 | &nbsp;&nbsp;&nbsp; 150 | 152552 |
| &nbsp;&nbsp;&nbsp; 5.55%, 07/15/29 | &nbsp;&nbsp;&nbsp; 355 | 362595 |
| &nbsp;&nbsp;&nbsp; 5.65%, 01/17/29 | &nbsp;&nbsp;&nbsp; 236 | 241393 |
| &nbsp;&nbsp;&nbsp; 5.80%, 06/23/28 | &nbsp;&nbsp;&nbsp; 470 | 483263 |
| &nbsp;&nbsp;&nbsp; 5.80%, 01/07/29 | &nbsp;&nbsp;&nbsp; 485 | 499895 |
| &nbsp;&nbsp;&nbsp; 5.85%, 04/06/30 | &nbsp;&nbsp;&nbsp; 295 | 304998 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/09/28 | &nbsp;&nbsp;&nbsp; 470 | 483918 |
| Honda Motor Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.53%, 03/10/27 | &nbsp;&nbsp;&nbsp; 512 | 496870 |
| &nbsp;&nbsp;&nbsp; 4.44%, 07/08/28 | &nbsp;&nbsp;&nbsp; 300 | 299635 |
| &nbsp;&nbsp;&nbsp; 4.69%, 07/08/30 | &nbsp;&nbsp;&nbsp; 300 | 300184 |
| Hyundai Capital America |  |  |
| &nbsp;&nbsp;&nbsp; 1.65%, 09/17/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 405 | 391597 |
| &nbsp;&nbsp;&nbsp; 1.80%, 01/10/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 280 | 261616 |
| &nbsp;&nbsp;&nbsp; 2.00%, 06/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 235 | 217949 |
| &nbsp;&nbsp;&nbsp; 2.10%, 09/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 280 | 258724 |
| &nbsp;&nbsp;&nbsp; 2.38%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 340 | 323457 |
| &nbsp;&nbsp;&nbsp; 2.75%, 09/27/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195536 |
| &nbsp;&nbsp;&nbsp; 3.50%, 11/02/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 295512 |
| &nbsp;&nbsp;&nbsp; 4.30%, 09/24/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 178528 |
| &nbsp;&nbsp;&nbsp; 4.55%, 09/26/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 247609 |
| &nbsp;&nbsp;&nbsp; 4.85%, 03/25/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 150416 |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/23/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 85 | 85346 |
| &nbsp;&nbsp;&nbsp; 4.88%, 11/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 190428 |
| &nbsp;&nbsp;&nbsp; 4.90%, 06/23/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 150785 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/07/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 251654 |
| &nbsp;&nbsp;&nbsp; 5.10%, 06/24/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 156551 |
| &nbsp;&nbsp;&nbsp; 5.15%, 03/27/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 151640 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/08/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 131030 |
| &nbsp;&nbsp;&nbsp; 5.28%, 06/24/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201870 |
| &nbsp;&nbsp;&nbsp; 5.30%, 03/19/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201722 |
| &nbsp;&nbsp;&nbsp; 5.30%, 01/08/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 162515 |
| &nbsp;&nbsp;&nbsp; 5.30%, 06/24/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 213597 |
| &nbsp;&nbsp;&nbsp; 5.30%, 01/08/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203769 |
| &nbsp;&nbsp;&nbsp; 5.35%, 03/19/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 127193 |
| &nbsp;&nbsp;&nbsp; 5.60%, 03/30/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 292 | 299109 |
| &nbsp;&nbsp;&nbsp; 5.68%, 06/26/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 625 | 640378 |
| &nbsp;&nbsp;&nbsp; 5.70%, 06/26/30<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 155 | 160134 |
| &nbsp;&nbsp;&nbsp; 5.80%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 155575 |
| &nbsp;&nbsp;&nbsp; 5.95%, 09/21/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 260 | 263537 |
| &nbsp;&nbsp;&nbsp; 6.10%, 09/21/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 363464 |
| &nbsp;&nbsp;&nbsp; 6.38%, 04/08/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 212159 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/16/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 263322 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| Hyundai Capital Services Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 08/29/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; $200 | $195635 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/05/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201105 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/05/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202360 |
| Jaguar Land Rover Automotive PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 152432 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 124511 |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 175608 |
| Kia Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 10/16/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193132 |
| &nbsp;&nbsp;&nbsp; 2.75%, 02/14/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194355 |
| Mercedes-Benz Finance North America LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.63%, 03/10/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 137526 |
| &nbsp;&nbsp;&nbsp; 3.10%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 215 | 203280 |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/22/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 344652 |
| &nbsp;&nbsp;&nbsp; 4.30%, 02/22/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 148753 |
| &nbsp;&nbsp;&nbsp; 4.65%, 04/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 150406 |
| &nbsp;&nbsp;&nbsp; 4.75%, 08/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 185 | 185932 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/31/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 151161 |
| &nbsp;&nbsp;&nbsp; 4.80%, 11/13/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 150676 |
| &nbsp;&nbsp;&nbsp; 4.80%, 01/11/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 150655 |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/30/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 360 | 363238 |
| &nbsp;&nbsp;&nbsp; 4.80%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 252109 |
| &nbsp;&nbsp;&nbsp; 4.85%, 01/11/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 151352 |
| &nbsp;&nbsp;&nbsp; 4.90%, 11/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 176423 |
| &nbsp;&nbsp;&nbsp; 5.10%, 08/03/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 475 | 483282 |
| &nbsp;&nbsp;&nbsp; 5.10%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 152591 |
| &nbsp;&nbsp;&nbsp; 5.20%, 08/03/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 290 | 291745 |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/29/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 228821 |
| New Flyer Holdings Inc., 9.25%, 07/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 119 | 126618 |
| Nissan Motor Acceptance Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp; 1.85%, 09/16/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 237 | 227352 |
| &nbsp;&nbsp;&nbsp; 2.45%, 09/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 103930 |
| &nbsp;&nbsp;&nbsp; 2.75%, 03/09/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 185236 |
| &nbsp;&nbsp;&nbsp; 5.30%, 09/13/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 124054 |
| &nbsp;&nbsp;&nbsp; 5.55%, 09/13/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 112144 |
| &nbsp;&nbsp;&nbsp; 6.95%, 09/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 85 | 86234 |
| &nbsp;&nbsp;&nbsp; 7.05%, 09/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 215 | 221343 |
| Nissan Motor Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.35%, 09/17/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 770 | 750071 |
| &nbsp;&nbsp;&nbsp; 7.50%, 07/17/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206464 |
| PACCAR Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 02/04/27 | &nbsp;&nbsp;&nbsp; 180 | 174070 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/26/29 | &nbsp;&nbsp;&nbsp; 85 | 84207 |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/23/27 | &nbsp;&nbsp;&nbsp; 125 | 125204 |
| &nbsp;&nbsp;&nbsp; 4.45%, 08/06/27 | &nbsp;&nbsp;&nbsp; 150 | 150822 |
| &nbsp;&nbsp;&nbsp; 4.55%, 03/03/28 | &nbsp;&nbsp;&nbsp; 185 | 186865 |
| &nbsp;&nbsp;&nbsp; 4.55%, 05/08/30 | &nbsp;&nbsp;&nbsp; 100 | 100789 |
| &nbsp;&nbsp;&nbsp; 4.60%, 01/10/28 | &nbsp;&nbsp;&nbsp; 235 | 237295 |
| &nbsp;&nbsp;&nbsp; 4.60%, 01/31/29 | &nbsp;&nbsp;&nbsp; 180 | 181861 |
| &nbsp;&nbsp;&nbsp; 4.95%, 08/10/28 | &nbsp;&nbsp;&nbsp; 40 | 40864 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/13/27 | &nbsp;&nbsp;&nbsp; 155 | 157101 |
| &nbsp;&nbsp;&nbsp; 5.05%, 08/10/26 | &nbsp;&nbsp;&nbsp; 45 | 45341 |
| &nbsp;&nbsp;&nbsp; 5.20%, 11/09/26 | &nbsp;&nbsp;&nbsp; 100 | 101209 |
| &nbsp;&nbsp;&nbsp; Series R, 4.50%, 11/25/26 | &nbsp;&nbsp;&nbsp; 110 | 110398 |
| PM General Purchaser LLC, 9.50%, 10/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 155462 |
| Stellantis Finance U.S. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.71%, 01/29/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 325 | 309974 |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/12/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202230 |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/18/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 220 | 220547 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** | **Auto Manufacturers (continued)** |
| Toyota Motor Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.76%, 07/02/29 | &nbsp;&nbsp;&nbsp; $155 | $146405 |
| &nbsp;&nbsp;&nbsp; 4.19%, 06/30/27 | &nbsp;&nbsp;&nbsp; 150 | 149741 |
| &nbsp;&nbsp;&nbsp; 4.45%, 06/30/30 | &nbsp;&nbsp;&nbsp; 75 | 74968 |
| &nbsp;&nbsp;&nbsp; 5.12%, 07/13/28 | &nbsp;&nbsp;&nbsp; 205 | 209913 |
| Toyota Motor Credit Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.15%, 08/13/27 | &nbsp;&nbsp;&nbsp; 65 | 61110 |
| &nbsp;&nbsp;&nbsp; 1.90%, 01/13/27 | &nbsp;&nbsp;&nbsp; 370 | 357618 |
| &nbsp;&nbsp;&nbsp; 1.90%, 04/06/28 | &nbsp;&nbsp;&nbsp; 202 | 190080 |
| &nbsp;&nbsp;&nbsp; 2.15%, 02/13/30 | &nbsp;&nbsp;&nbsp; 225 | 203903 |
| &nbsp;&nbsp;&nbsp; 3.05%, 03/22/27 | &nbsp;&nbsp;&nbsp; 570 | 558699 |
| &nbsp;&nbsp;&nbsp; 3.05%, 01/11/28 | &nbsp;&nbsp;&nbsp; 240 | 233092 |
| &nbsp;&nbsp;&nbsp; 3.20%, 01/11/27 | &nbsp;&nbsp;&nbsp; 145 | 142765 |
| &nbsp;&nbsp;&nbsp; 3.38%, 04/01/30 | &nbsp;&nbsp;&nbsp; 300 | 286527 |
| &nbsp;&nbsp;&nbsp; 3.65%, 01/08/29 | &nbsp;&nbsp;&nbsp; 205 | 200586 |
| &nbsp;&nbsp;&nbsp; 4.35%, 10/08/27 | &nbsp;&nbsp;&nbsp; 385 | 385458 |
| &nbsp;&nbsp;&nbsp; 4.45%, 06/29/29 | &nbsp;&nbsp;&nbsp; 260 | 260718 |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/14/27 | &nbsp;&nbsp;&nbsp; 250 | 251012 |
| &nbsp;&nbsp;&nbsp; 4.55%, 08/07/26 | &nbsp;&nbsp;&nbsp; 95 | 95188 |
| &nbsp;&nbsp;&nbsp; 4.55%, 09/20/27 | &nbsp;&nbsp;&nbsp; 405 | 407116 |
| &nbsp;&nbsp;&nbsp; 4.55%, 08/09/29 | &nbsp;&nbsp;&nbsp; 325 | 326982 |
| &nbsp;&nbsp;&nbsp; 4.55%, 05/17/30 | &nbsp;&nbsp;&nbsp; 200 | 200731 |
| &nbsp;&nbsp;&nbsp; 4.60%, 01/08/27 | &nbsp;&nbsp;&nbsp; 125 | 125545 |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/12/28 | &nbsp;&nbsp;&nbsp; 395 | 398227 |
| &nbsp;&nbsp;&nbsp; 4.65%, 01/05/29 | &nbsp;&nbsp;&nbsp; 240 | 242229 |
| &nbsp;&nbsp;&nbsp; 4.80%, 05/15/30 | &nbsp;&nbsp;&nbsp; 235 | 238189 |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/09/30 | &nbsp;&nbsp;&nbsp; 200 | 203918 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/14/26 | &nbsp;&nbsp;&nbsp; 177 | 178066 |
| &nbsp;&nbsp;&nbsp; 5.05%, 05/16/29 | &nbsp;&nbsp;&nbsp; 280 | 286884 |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/11/28 | &nbsp;&nbsp;&nbsp; 170 | 174863 |
| &nbsp;&nbsp;&nbsp; 5.40%, 11/20/26 | &nbsp;&nbsp;&nbsp; 200 | 202695 |
| &nbsp;&nbsp;&nbsp; 5.45%, 11/10/27 | &nbsp;&nbsp;&nbsp; 305 | 312954 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 03/19/27 | &nbsp;&nbsp;&nbsp; 175 | 176895 |
| Volkswagen Group of America Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; 1.63%, 11/24/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 65 | 60520 |
| &nbsp;&nbsp;&nbsp; 3.20%, 09/26/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 98177 |
| &nbsp;&nbsp;&nbsp; 4.35%, 06/08/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 510 | 506280 |
| &nbsp;&nbsp;&nbsp; 4.60%, 06/08/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 185 | 182777 |
| &nbsp;&nbsp;&nbsp; 4.75%, 11/13/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 415 | 412905 |
| &nbsp;&nbsp;&nbsp; 4.85%, 08/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200117 |
| &nbsp;&nbsp;&nbsp; 4.90%, 08/14/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200009 |
| &nbsp;&nbsp;&nbsp; 4.95%, 03/25/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200376 |
| &nbsp;&nbsp;&nbsp; 4.95%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200412 |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/27/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200986 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/22/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 330 | 333599 |
| &nbsp;&nbsp;&nbsp; 5.30%, 03/22/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 206507 |
| &nbsp;&nbsp;&nbsp; 5.35%, 03/27/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 192821 |
| &nbsp;&nbsp;&nbsp; 5.65%, 09/12/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204678 |
| &nbsp;&nbsp;&nbsp; 5.70%, 09/12/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 220 | 221962 |
| &nbsp;&nbsp;&nbsp; 6.00%, 11/16/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202800 |
| &nbsp;&nbsp;&nbsp; 6.20%, 11/16/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 207404 |
| Wabash National Corp., 4.50%, 10/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 116384 |
|  |  | 55761537 |
| **Auto Parts & Equipment — 0.2%** | **Auto Parts & Equipment — 0.2%** | **Auto Parts & Equipment — 0.2%** |
| Adient Global Holdings Ltd., 7.00%, 04/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 179144 |
| American Axle & Manufacturing Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 165 | 149771 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/01/27 | &nbsp;&nbsp;&nbsp; 155 | 155192 |
| &nbsp;&nbsp;&nbsp; 6.88%, 07/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 115 | 114545 |
| Aptiv PLC, 4.35%, 03/15/29 | &nbsp;&nbsp;&nbsp; 150 | 148279 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Auto Parts & Equipment (continued)** | **Auto Parts & Equipment (continued)** | **Auto Parts & Equipment (continued)** |
| Aptiv PLC/Aptiv Global Financing DAC |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 09/13/29 | &nbsp;&nbsp;&nbsp; $200 | $198870 |
| &nbsp;&nbsp;&nbsp; 6.88%, 12/15/54, (5-year CMT + 3.385%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 50 | 50313 |
| BorgWarner Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.65%, 07/01/27 | &nbsp;&nbsp;&nbsp; 445 | 430097 |
| &nbsp;&nbsp;&nbsp; 4.95%, 08/15/29 | &nbsp;&nbsp;&nbsp; 75 | 75775 |
| Clarios Global LP/Clarios U.S. Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 245485 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 231606 |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 590 | 593223 |
| &nbsp;&nbsp;&nbsp; Cooper-Standard Automotive Inc., 5.63%, 05/15/27, <br> (5.63% PIK)<sup>(b)(c)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 132 | 113465 |
| Dana Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 11/15/27 | &nbsp;&nbsp;&nbsp; 159 | 158900 |
| &nbsp;&nbsp;&nbsp; 5.63%, 06/15/28 | &nbsp;&nbsp;&nbsp; 125 | 125025 |
| Denso Corp., 4.42%, 09/11/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 188671 |
| &nbsp;&nbsp;&nbsp; Dornoch Debt Merger Sub Inc., 6.63%, <br> 10/15/29<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 195 | 155154 |
| Forvia SE, 8.00%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208638 |
| Goodyear Tire & Rubber Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/15/27 | &nbsp;&nbsp;&nbsp; 235 | 233945 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/15/29 | &nbsp;&nbsp;&nbsp; 250 | 242528 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/30 | &nbsp;&nbsp;&nbsp; 145 | 147506 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/15/28 | &nbsp;&nbsp;&nbsp; 56 | 57852 |
| &nbsp;&nbsp;&nbsp; IHO Verwaltungs GmbH, 6.38%, 05/15/29, (6.38% <br> Cash)<sup>(b)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 140 | 140059 |
| Lear Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.80%, 09/15/27 | &nbsp;&nbsp;&nbsp; 35 | 34448 |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/15/29 | &nbsp;&nbsp;&nbsp; 145 | 142371 |
| LG Energy Solution Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/02/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202003 |
| &nbsp;&nbsp;&nbsp; 5.38%, 07/02/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201925 |
| &nbsp;&nbsp;&nbsp; 5.38%, 07/02/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203198 |
| &nbsp;&nbsp;&nbsp; 5.38%, 04/02/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202761 |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/25/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201846 |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/25/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205046 |
| Magna International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.45%, 06/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 200 | 181434 |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/14/29 | &nbsp;&nbsp;&nbsp; 110 | 111782 |
| Phinia Inc., 6.75%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 180120 |
| Real Hero Merger Sub 2 Inc., 6.25%, 02/01/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 190 | 130661 |
| &nbsp;&nbsp;&nbsp; SMRC Automotive Holdings Netherlands BV, 5.63%, <br> 07/11/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 202339 |
| Tenneco Inc., 8.00%, 11/17/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 585 | 580741 |
| Titan International Inc., 7.00%, 04/30/28 | &nbsp;&nbsp;&nbsp; 125 | 124661 |
| Toyota Industries Corp., 3.57%, 03/16/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194382 |
| ZF North America Capital Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/23/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 237752 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/14/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 179206 |
| &nbsp;&nbsp;&nbsp; 7.13%, 04/14/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 174353 |
|  |  | 8035072 |
| **Banks — 9.0%** | **Banks — 9.0%** | **Banks — 9.0%** |
| ABN AMRO Bank NV |  |  |
| &nbsp;&nbsp;&nbsp; 2.47%, 12/13/29, (1-year CMT + 1.100%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 186583 |
| &nbsp;&nbsp;&nbsp; 4.20%, 07/07/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199170 |
| &nbsp;&nbsp;&nbsp; 4.99%, 12/03/28, (1-year CMT + 0.780%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 211842 |
| &nbsp;&nbsp;&nbsp; 6.34%, 09/18/27, (1-year CMT + 1.650%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 375 | 381779 |
| ABQ Finance Ltd., 4.95%, 03/25/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201908 |
| Abu Dhabi Commercial Bank PJSC |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/31/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196470 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/14/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199931 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp;&nbsp; 5.34%, 06/10/30<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; $200 | $201068 |
| &nbsp;&nbsp;&nbsp; 5.36%, 03/10/35, (5-year CMT + 1.677%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200264 |
| &nbsp;&nbsp;&nbsp; 5.40%, 02/26/30, (1-day SOFR + 1.050%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201713 |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/12/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206402 |
| &nbsp;&nbsp;&nbsp; 8.00%, (5-year CMT + 3.524%)<sup>(a)(d)(g)</sup> | &nbsp;&nbsp;&nbsp; 200 | 211508 |
| Access Bank PLC, 6.13%, 09/21/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198936 |
| &nbsp;&nbsp;&nbsp; Adib Capital Invest 3 Ltd., 7.25%, (5-year CMT + <br> 3.059%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 207662 |
| Adib Sukuk Co. II Ltd., 5.70%, 11/15/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 207269 |
| &nbsp;&nbsp;&nbsp; Agricultural Bank of China Ltd./Hong Kong, 2.25%, <br> 03/01/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 193551 |
| &nbsp;&nbsp;&nbsp; Agricultural Bank of China Ltd/Hong Kong, 4.90%, <br> 04/25/28, (1-day SOFR Index + 0.520%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 399936 |
| &nbsp;&nbsp;&nbsp; Ahli United Sukuk Ltd., 3.88%, (5-year CMT + <br> 3.011%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 194566 |
| AIB Group PLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.32%, 05/15/31, (1-day SOFR + 1.650%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203376 |
| &nbsp;&nbsp;&nbsp; 6.61%, 09/13/29, (1-day SOFR + 2.330%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 210952 |
| &nbsp;&nbsp;&nbsp; Al Rajhi Bank, 6.38%, (5-year CMT + <br> 1.888%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 406009 |
| Al Rajhi Sukuk Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/05/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 400263 |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/12/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202219 |
| &nbsp;&nbsp;&nbsp; Alinma Tier 1 Sukuk Ltd., 6.50%, (5-year CMT + <br> 2.201%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 202595 |
| ANZ Bank New Zealand Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.55%, 08/11/32, (5-year CMT + 2.700%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 212270 |
| &nbsp;&nbsp;&nbsp; 5.90%, 07/10/34, (5-year CMT + 1.500%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 195097 |
| ANZ New Zealand International Ltd./London |  |  |
| &nbsp;&nbsp;&nbsp; 2.55%, 02/13/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 183973 |
| &nbsp;&nbsp;&nbsp; 3.45%, 01/21/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195820 |
| &nbsp;&nbsp;&nbsp; 5.36%, 08/14/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 270 | 277464 |
| ASB Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 1.63%, 10/22/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193429 |
| &nbsp;&nbsp;&nbsp; 5.28%, 06/17/32, (5-year CMT + 2.250%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 241099 |
| &nbsp;&nbsp;&nbsp; 5.40%, 11/29/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 215 | 219584 |
| &nbsp;&nbsp;&nbsp; Associated Banc-Corp, 6.46%, 08/29/30, (1-day <br> SOFR +3.030%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 70 | 72144 |
| AUB Sukuk Ltd., 2.62%, 09/09/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194610 |
| &nbsp;&nbsp;&nbsp; Australia & New Zealand Banking Group Ltd., <br> 5.73%, 09/18/34, (5-year CMT + 1.618%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 250 | 256076 |
| &nbsp;&nbsp;&nbsp; Australia & New Zealand Banking Group <br> Ltd./New York<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.92%, 09/30/27 | &nbsp;&nbsp;&nbsp; 250 | 248492 |
| &nbsp;&nbsp;&nbsp; 4.42%, 12/16/26 | &nbsp;&nbsp;&nbsp; 225 | 225418 |
| &nbsp;&nbsp;&nbsp; 4.62%, 12/16/29 | &nbsp;&nbsp;&nbsp; 305 | 309145 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/18/27 | &nbsp;&nbsp;&nbsp; 350 | 352454 |
| &nbsp;&nbsp;&nbsp; 4.90%, 07/16/27 | &nbsp;&nbsp;&nbsp; 310 | 313767 |
| &nbsp;&nbsp;&nbsp; Australia & New Zealand Banking Group Ltd/New <br> York NY, Series A, 4.36%, 06/18/28<br>| &nbsp;&nbsp;&nbsp; 250 | 250936 |
| Banco Bilbao Vizcaya Argentaria SA |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/13/29 | &nbsp;&nbsp;&nbsp; 215 | 220921 |
| &nbsp;&nbsp;&nbsp; 6.14%, 09/14/28, (1-year CMT + 2.700%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206230 |
| Banco Bradesco SA/Cayman Islands |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/18/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198789 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/22/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 416840 |
| Banco de Credito del Peru SA |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 09/30/31, (5-year CMT + 2.450%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196853 |
| &nbsp;&nbsp;&nbsp; 5.80%, 03/10/35, (5-year CMT + 2.240%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200539 |
| &nbsp;&nbsp;&nbsp; 6.45%, 07/30/35, (1-day SOFR + 1.140%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205775 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp;&nbsp; Banco de Credito e Inversiones SA, 3.50%, <br> 10/12/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; $200 | $195621 |
| Banco do Brasil SA |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 09/30/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196691 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/11/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197310 |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/18/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205213 |
| Banco General SA, 4.13%, 08/07/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198319 |
| &nbsp;&nbsp;&nbsp; Banco Inbursa SA Institucion De Banca Multiple <br> Grupo Financiero Inbursa, 4.38%, 04/11/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 150 | 148943 |
| &nbsp;&nbsp;&nbsp; Banco Internacional del Peru SAA Interbank, 3.25%, <br> 10/04/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 196346 |
| &nbsp;&nbsp;&nbsp; Banco Nacional de Comercio Exterior SNC/Cayman <br> Islands, 2.72%, 08/11/31, (5-year CMT + <br> 2.000%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 191872 |
| &nbsp;&nbsp;&nbsp; Banco Santander Mexico SA Institucion de Banca <br> Multiple Grupo Financiero Santand, 5.62%, <br> 12/10/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 204797 |
| Banco Santander SA |  |  |
| &nbsp;&nbsp;&nbsp; 1.72%, 09/14/27, (1-year CMT + 0.900%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 590 | 570696 |
| &nbsp;&nbsp;&nbsp; 3.31%, 06/27/29 | &nbsp;&nbsp;&nbsp; 280 | 267397 |
| &nbsp;&nbsp;&nbsp; 3.49%, 05/28/30 | &nbsp;&nbsp;&nbsp; 400 | 379177 |
| &nbsp;&nbsp;&nbsp; 3.80%, 02/23/28 | &nbsp;&nbsp;&nbsp; 250 | 245411 |
| &nbsp;&nbsp;&nbsp; 4.18%, 03/24/28, (1-year CMT + 2.000%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 655 | 650230 |
| &nbsp;&nbsp;&nbsp; 4.25%, 04/11/27 | &nbsp;&nbsp;&nbsp; 210 | 209004 |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/12/28 | &nbsp;&nbsp;&nbsp; 595 | 592732 |
| &nbsp;&nbsp;&nbsp; 5.29%, 08/18/27 | &nbsp;&nbsp;&nbsp; 515 | 521629 |
| &nbsp;&nbsp;&nbsp; 5.37%, 07/15/28, (1-year CMT + 0.950%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 406420 |
| &nbsp;&nbsp;&nbsp; 5.54%, 03/14/30, (1-year CMT + 1.450%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 410 | 421837 |
| &nbsp;&nbsp;&nbsp; 5.55%, 03/14/28, (1-year CMT + 1.250%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 210 | 212932 |
| &nbsp;&nbsp;&nbsp; 5.57%, 01/17/30 | &nbsp;&nbsp;&nbsp; 290 | 300094 |
| &nbsp;&nbsp;&nbsp; 5.59%, 08/08/28 | &nbsp;&nbsp;&nbsp; 630 | 649650 |
| &nbsp;&nbsp;&nbsp; 6.53%, 11/07/27, (1-year CMT + 1.650%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204605 |
| &nbsp;&nbsp;&nbsp; 6.61%, 11/07/28 | &nbsp;&nbsp;&nbsp; 210 | 223164 |
| &nbsp;&nbsp;&nbsp; Banco Votorantim SA/Luxembourg, 5.88%, <br> 04/08/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 203088 |
| Bangkok Bank PCL/Hong Kong |  |  |
| &nbsp;&nbsp;&nbsp; 3.73%, 09/25/34, (5-year CMT + 1.900%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 372566 |
| &nbsp;&nbsp;&nbsp; 4.30%, 06/15/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198584 |
| &nbsp;&nbsp;&nbsp; 4.45%, 09/19/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198645 |
| &nbsp;&nbsp;&nbsp; 5.30%, 09/21/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203423 |
| &nbsp;&nbsp;&nbsp; 9.03%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 112418 |
| Bank Leumi Le-Israel BM, 5.13%, 07/27/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200567 |
| Bank Mandiri Persero Tbk PT, 4.90%, 03/24/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201368 |
| &nbsp;&nbsp;&nbsp; Bank Negara Indonesia Persero Tbk PT, 4.30%, <br> (5-year CMT + 3.466%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 385615 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.09%, 06/14/29, (1-day SOFR + 1.060%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 935 | 874976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 02/13/31, (3-mo. CME Term SOFR + <br> 1.252%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 1085 | 990509 |
| &nbsp;&nbsp;&nbsp; 2.55%, 02/04/28, (1-day SOFR + 1.050%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 645 | 626573 |
| &nbsp;&nbsp;&nbsp; 2.59%, 04/29/31, (1-day SOFR + 2.150%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 925 | 845572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 10/22/30, (3-mo. CME Term SOFR + <br> 1.452%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 665 | 622237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.19%, 07/23/30, (3-mo. CME Term SOFR + <br> 1.442%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 740 | 703979 |
| &nbsp;&nbsp;&nbsp; 3.25%, 10/21/27 | &nbsp;&nbsp;&nbsp; 315 | 308469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.42%, 12/20/28, (3-mo. CME Term SOFR + <br> 1.302%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 1845 | 1801763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.59%, 07/21/28, (3-mo. CME Term SOFR + <br> 1.632%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 615 | 604513 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.71%, 04/24/28, (3-mo. CME Term SOFR + <br> 1.774%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; $755 | $744906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.82%, 01/20/28, (3-mo. CME Term SOFR + <br> 1.837%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 757 | 748772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.97%, 03/05/29, (3-mo. CME Term SOFR + <br> 1.332%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 735 | 725807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.97%, 02/07/30, (3-mo. CME Term SOFR + <br> 1.472%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 900 | 884416 |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/22/26 | &nbsp;&nbsp;&nbsp; 350 | 348656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.27%, 07/23/29, (3-mo. CME Term SOFR + <br> 1.572%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 915 | 910736 |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/27/28, (1-day SOFR + 1.580%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 650 | 648588 |
| &nbsp;&nbsp;&nbsp; 4.62%, 05/09/29, (1-day SOFR + 1.110%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 885 | 888656 |
| &nbsp;&nbsp;&nbsp; 4.95%, 07/22/28, (1-day SOFR + 2.040%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1100 | 1109833 |
| &nbsp;&nbsp;&nbsp; 4.98%, 01/24/29, (1-day SOFR + 0.830%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 900 | 910840 |
| &nbsp;&nbsp;&nbsp; 5.16%, 01/24/31, (1-day SOFR + 1.000%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1055 | 1078840 |
| &nbsp;&nbsp;&nbsp; 5.20%, 04/25/29, (1-day SOFR + 1.630%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1045 | 1064279 |
| &nbsp;&nbsp;&nbsp; 5.82%, 09/15/29, (1-day SOFR + 1.570%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 850 | 882855 |
| &nbsp;&nbsp;&nbsp; 5.93%, 09/15/27, (1-day SOFR + 1.340%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 620 | 629326 |
| &nbsp;&nbsp;&nbsp; 6.20%, 11/10/28, (1-day SOFR + 1.990%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 650 | 674516 |
| &nbsp;&nbsp;&nbsp; 6.22%, 09/15/26 | &nbsp;&nbsp;&nbsp; 261 | 265744 |
| &nbsp;&nbsp;&nbsp; Series L, 4.18%, 11/25/27 | &nbsp;&nbsp;&nbsp; 345 | 342925 |
| Bank of America NA, 5.53%, 08/18/26 | &nbsp;&nbsp;&nbsp; 500 | 505412 |
| Bank of China Ltd., 3.50%, 04/20/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197385 |
| &nbsp;&nbsp;&nbsp; Bank of China Ltd./Panama, 4.87%, 03/19/28, <br> (1-day SOFR Index + 0.500%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 199992 |
| Bank of China Ltd./Sydney |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.86%, 03/04/28, (1-day SOFR Index + <br> 0.500%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 06/14/27, (1-day SOFR Index + <br> 0.500%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 399941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 09/30/27, (1-day SOFR Index + <br> 0.590%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 400786 |
| &nbsp;&nbsp;&nbsp; Bank of Communications Co. Ltd./Hong Kong, <br> 4.93%, 08/01/27, (1-day SOFR Index + <br> 0.550%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 400127 |
| Bank of East Asia Ltd. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 04/22/32, (5-year CMT + 2.300%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 250 | 246691 |
| &nbsp;&nbsp;&nbsp; 6.75%, 06/27/34, (5-year CMT + 2.550%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 250 | 255529 |
| Bank of Ireland Group PLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.03%, 09/30/27, (1-year CMT + 1.100%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 184195 |
| &nbsp;&nbsp;&nbsp; 5.60%, 03/20/30, (1-day SOFR +1.620%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205937 |
| Bank of Montreal |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 09/15/26 | &nbsp;&nbsp;&nbsp; 440 | 424883 |
| &nbsp;&nbsp;&nbsp; 2.65%, 03/08/27 | &nbsp;&nbsp;&nbsp; 470 | 457865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 12/15/32, (5-year USD Swap + <br> 1.432%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 450 | 437386 |
| &nbsp;&nbsp;&nbsp; 4.64%, 09/10/30, (1-day SOFR + 1.250%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 125 | 125503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/27/29, (1-day SOFR Index + <br> 0.670%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 180 | 182285 |
| &nbsp;&nbsp;&nbsp; 5.20%, 02/01/28 | &nbsp;&nbsp;&nbsp; 454 | 463201 |
| &nbsp;&nbsp;&nbsp; 5.27%, 12/11/26 | &nbsp;&nbsp;&nbsp; 320 | 323410 |
| &nbsp;&nbsp;&nbsp; 5.37%, 06/04/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 385 | 391982 |
| &nbsp;&nbsp;&nbsp; 5.72%, 09/25/28 | &nbsp;&nbsp;&nbsp; 275 | 285427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series f2f, 4.57%, 09/10/27, (1-day SOFR + <br> 0.880%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 125 | 124991 |
| &nbsp;&nbsp;&nbsp; Series H, 4.70%, 09/14/27 | &nbsp;&nbsp;&nbsp; 310 | 311907 |
| Bank of New York Mellon Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 1.05%, 10/15/26 | &nbsp;&nbsp;&nbsp; 180 | 173055 |
| &nbsp;&nbsp;&nbsp; 1.65%, 07/14/28 | &nbsp;&nbsp;&nbsp; 90 | 83765 |
| &nbsp;&nbsp;&nbsp; 2.05%, 01/26/27 | &nbsp;&nbsp;&nbsp; 235 | 227697 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp;&nbsp; 2.45%, 08/17/26 | &nbsp;&nbsp;&nbsp; $30 | $29440 |
| &nbsp;&nbsp;&nbsp; 3.00%, 10/30/28 | &nbsp;&nbsp;&nbsp; 68 | 65142 |
| &nbsp;&nbsp;&nbsp; 3.25%, 05/16/27 | &nbsp;&nbsp;&nbsp; 110 | 108216 |
| &nbsp;&nbsp;&nbsp; 3.30%, 08/23/29 | &nbsp;&nbsp;&nbsp; 220 | 210931 |
| &nbsp;&nbsp;&nbsp; 3.40%, 01/29/28 | &nbsp;&nbsp;&nbsp; 255 | 250208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.44%, 02/07/28, (3-mo. CME Term SOFR + <br> 1.331%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 370 | 365002 |
| &nbsp;&nbsp;&nbsp; 3.85%, 04/28/28 | &nbsp;&nbsp;&nbsp; 245 | 243663 |
| &nbsp;&nbsp;&nbsp; 3.85%, 04/26/29 | &nbsp;&nbsp;&nbsp; 155 | 153189 |
| &nbsp;&nbsp;&nbsp; 3.99%, 06/13/28, (1-day SOFR + 1.151%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 295 | 292933 |
| &nbsp;&nbsp;&nbsp; 4.44%, 06/09/28, (1-year CMT + 0.830%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 65 | 65118 |
| &nbsp;&nbsp;&nbsp; 4.54%, 02/01/29, (1-day SOFR + 1.169%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 301323 |
| &nbsp;&nbsp;&nbsp; 4.60%, 07/26/30, (1-day SOFR + 1.755%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 155 | 155918 |
| &nbsp;&nbsp;&nbsp; 4.73%, 04/20/29, (1-day SOFR + 1.135%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 250 | 252685 |
| &nbsp;&nbsp;&nbsp; 4.89%, 07/21/28, (1-day SOFR + 0.840%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 290 | 293180 |
| &nbsp;&nbsp;&nbsp; 4.94%, 02/11/31, (1-day SOFR + 0.887%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 350 | 356323 |
| &nbsp;&nbsp;&nbsp; 4.98%, 03/14/30, (1-day SOFR + 1.085%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 310 | 316205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 10/25/28, (1-day SOFR Index + <br> 1.802%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 375 | 386486 |
| &nbsp;&nbsp;&nbsp; 6.32%, 10/25/29, (1-day SOFR + 1.598%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 265 | 279790 |
| Bank of New Zealand |  |  |
| &nbsp;&nbsp;&nbsp; 2.29%, 01/27/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 242374 |
| &nbsp;&nbsp;&nbsp; 4.85%, 02/07/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 270 | 273062 |
| &nbsp;&nbsp;&nbsp; 5.08%, 01/30/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 234612 |
| Bank of Nova Scotia (The) |  |  |
| &nbsp;&nbsp;&nbsp; 1.30%, 09/15/26 | &nbsp;&nbsp;&nbsp; 355 | 342958 |
| &nbsp;&nbsp;&nbsp; 1.95%, 02/02/27 | &nbsp;&nbsp;&nbsp; 304 | 293970 |
| &nbsp;&nbsp;&nbsp; 2.95%, 03/11/27 | &nbsp;&nbsp;&nbsp; 245 | 239586 |
| &nbsp;&nbsp;&nbsp; 4.40%, 09/08/28, (1-day SOFR + 1.000%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199746 |
| &nbsp;&nbsp;&nbsp; 4.85%, 02/01/30 | &nbsp;&nbsp;&nbsp; 375 | 379810 |
| &nbsp;&nbsp;&nbsp; 4.93%, 02/14/29, (1-day SOFR + 0.890%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 403892 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/14/31, (1-day SOFR + 1.070%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 304783 |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/12/28 | &nbsp;&nbsp;&nbsp; 205 | 210308 |
| &nbsp;&nbsp;&nbsp; 5.35%, 12/07/26 | &nbsp;&nbsp;&nbsp; 330 | 333855 |
| &nbsp;&nbsp;&nbsp; 5.40%, 06/04/27 | &nbsp;&nbsp;&nbsp; 250 | 255126 |
| &nbsp;&nbsp;&nbsp; 5.45%, 08/01/29 | &nbsp;&nbsp;&nbsp; 195 | 201878 |
| Bank of the Philippine Islands, 5.25%, 03/26/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204829 |
| &nbsp;&nbsp;&nbsp; Bank OZK, 2.75%, 10/01/31, (3-mo. CME Term <br> SOFR + 2.090%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 135 | 121887 |
| Banque Federative du Credit Mutuel SA |  |  |
| &nbsp;&nbsp;&nbsp; 1.60%, 10/04/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 390 | 377279 |
| &nbsp;&nbsp;&nbsp; 4.59%, 10/16/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200555 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/13/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 235 | 236235 |
| &nbsp;&nbsp;&nbsp; 5.09%, 01/23/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 211845 |
| &nbsp;&nbsp;&nbsp; 5.19%, 02/16/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 233884 |
| &nbsp;&nbsp;&nbsp; 5.54%, 01/22/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206954 |
| &nbsp;&nbsp;&nbsp; 5.79%, 07/13/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 245 | 253866 |
| Banque Saudi Fransi, 4.75%, 05/31/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 399876 |
| Barclays PLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.28%, 11/24/27, (1-year CMT + 1.050%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 577 | 559719 |
| &nbsp;&nbsp;&nbsp; 2.65%, 06/24/31, (1-year CMT + 1.900%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 271521 |
| &nbsp;&nbsp;&nbsp; 4.34%, 01/10/28 | &nbsp;&nbsp;&nbsp; 380 | 377771 |
| &nbsp;&nbsp;&nbsp; 4.84%, 05/09/28 | &nbsp;&nbsp;&nbsp; 550 | 551206 |
| &nbsp;&nbsp;&nbsp; 4.84%, 09/10/28, (1-day SOFR + 1.340%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200977 |
| &nbsp;&nbsp;&nbsp; 4.94%, 09/10/30, (1-day SOFR + 1.560%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 402520 |
| &nbsp;&nbsp;&nbsp; 4.97%, 05/16/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 435 | 438730 |
| &nbsp;&nbsp;&nbsp; 5.09%, 02/25/29, (1-day SOFR + 0.960%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 404395 |
| &nbsp;&nbsp;&nbsp; 5.09%, 06/20/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 415 | 416237 |
| &nbsp;&nbsp;&nbsp; 5.37%, 02/25/31, (1-day SOFR + 1.230%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 590 | 602608 |
| &nbsp;&nbsp;&nbsp; 5.50%, 08/09/28, (1-year CMT + 2.650%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 735 | 747337 |
| &nbsp;&nbsp;&nbsp; 5.67%, 03/12/28, (1-day SOFR +1.490%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 406386 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp;&nbsp; 5.69%, 03/12/30, (1-day SOFR + 1.740%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $535 | $552103 |
| &nbsp;&nbsp;&nbsp; 6.49%, 09/13/29, (1-day SOFR + 2.220%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 421215 |
| &nbsp;&nbsp;&nbsp; 6.50%, 09/13/27, (1-day SOFR + 1.880%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 445 | 453828 |
| &nbsp;&nbsp;&nbsp; 7.39%, 11/02/28, (1-year CMT + 3.300%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 480 | 507557 |
| BBG Sukuk Ltd., 4.56%, 10/09/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199583 |
| BBK BSC, 6.88%, 06/06/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202127 |
| BBVA Bancomer SA/Texas, 5.25%, 09/10/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203317 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp; 1.90%, 09/30/28, (1-day SOFR + 1.609%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 255 | 240521 |
| &nbsp;&nbsp;&nbsp; 2.16%, 09/15/29, (1-day SOFR + 1.218%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 365 | 338313 |
| &nbsp;&nbsp;&nbsp; 2.59%, 01/20/28, (1-day SOFR + 1.228%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 545 | 529118 |
| &nbsp;&nbsp;&nbsp; 3.05%, 01/13/31, (1-day SOFR + 1.507%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 600 | 557629 |
| &nbsp;&nbsp;&nbsp; 3.50%, 11/16/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 565 | 551177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/01/33, (5-year USD Swap + <br> 1.483%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 445 | 436676 |
| &nbsp;&nbsp;&nbsp; 4.40%, 08/14/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 590 | 587561 |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/13/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 475 | 474057 |
| &nbsp;&nbsp;&nbsp; 5.09%, 05/09/31, (1-day SOFR + 1.678%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 403909 |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/13/29, (1-year CMT + 1.450%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 575 | 582096 |
| &nbsp;&nbsp;&nbsp; 5.18%, 01/09/30, (1-day SOFR + 1.520%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 565 | 575159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 01/10/30, (3-mo. CME Term SOFR + <br> 2.829%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 260 | 263867 |
| &nbsp;&nbsp;&nbsp; 5.28%, 11/19/30, (1-day SOFR + 1.280%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 865 | 881149 |
| &nbsp;&nbsp;&nbsp; 5.34%, 06/12/29, (1-year CMT + 1.500%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 530 | 540690 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/20/30, (1-day SOFR + 1.590%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 405 | 415606 |
| BOS Funding Ltd., 7.00%, 03/14/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 416490 |
| Boubyan Sukuk Ltd., 3.39%, 03/29/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195507 |
| &nbsp;&nbsp;&nbsp; Boubyan Tier 1 Sukuk Ltd., 3.95%, (5-year USD <br> Swap + 2.896%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 193638 |
| BPCE SA |  |  |
| &nbsp;&nbsp;&nbsp; 2.05%, 10/19/27, (1-day SOFR + 1.087%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 320 | 309642 |
| &nbsp;&nbsp;&nbsp; 2.70%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 310 | 287525 |
| &nbsp;&nbsp;&nbsp; 3.50%, 10/23/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 425 | 414857 |
| &nbsp;&nbsp;&nbsp; 4.63%, 09/12/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 249000 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/19/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 251406 |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/18/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 220 | 223281 |
| &nbsp;&nbsp;&nbsp; 5.20%, 01/18/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 252577 |
| &nbsp;&nbsp;&nbsp; 5.28%, 05/30/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 255 | 261426 |
| &nbsp;&nbsp;&nbsp; 5.39%, 05/28/31, (1-day SOFR + 1.581%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 254590 |
| &nbsp;&nbsp;&nbsp; 5.72%, 01/18/30, (1-year CMT + 1.959%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 285 | 293040 |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/14/31, (1-day SOFR + 1.680%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 414822 |
| &nbsp;&nbsp;&nbsp; 6.61%, 10/19/27, (1-day SOFR + 1.980%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 311395 |
| &nbsp;&nbsp;&nbsp; 6.71%, 10/19/29, (1-day SOFR + 2.270%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 370 | 391258 |
| BSF Finance, 5.50%, 11/23/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203082 |
| BSF Sukuk Co. Ltd., 5.38%, 01/21/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204262 |
| BSF Sukuk Ltd., 5.00%, 01/25/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201218 |
| &nbsp;&nbsp;&nbsp; Burgan Bank SAK, 2.75%, 12/15/31, (5-year CMT + <br> 2.229%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 189995 |
| Caixa Economica Federal, 5.63%, 05/13/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200353 |
| CaixaBank SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 07/03/29, (1-day SOFR + 1.360%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199753 |
| &nbsp;&nbsp;&nbsp; 4.89%, 07/03/31, (1-day SOFR + 1.060%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 400635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.67%, 03/15/30, (1-day SOFR Index + <br> 1.780%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 245 | 252645 |
| &nbsp;&nbsp;&nbsp; 6.21%, 01/18/29, (1-day SOFR + 2.700%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 380 | 393460 |
| &nbsp;&nbsp;&nbsp; 6.68%, 09/13/27, (1-day SOFR + 2.080%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 280732 |
| Canadian Imperial Bank of Commerce |  |  |
| &nbsp;&nbsp;&nbsp; 3.45%, 04/07/27 | &nbsp;&nbsp;&nbsp; 440 | 433609 |
| &nbsp;&nbsp;&nbsp; 4.51%, 09/11/27, (1-day SOFR + 0.930%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 225 | 224930 |
| &nbsp;&nbsp;&nbsp; 4.63%, 09/11/30, (1-day SOFR + 1.335%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 220 | 219936 |
| &nbsp;&nbsp;&nbsp; 4.86%, 01/13/28, (1-day SOFR + 0.720%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 275 | 276607 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp;&nbsp; 4.86%, 03/30/29, (1-day SOFR + 1.03%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $400 | $403245 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/28/28 | &nbsp;&nbsp;&nbsp; 335 | 340551 |
| &nbsp;&nbsp;&nbsp; 5.24%, 06/28/27 | &nbsp;&nbsp;&nbsp; 430 | 436572 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/13/31, (1-day SOFR + 1.105%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 265 | 270444 |
| &nbsp;&nbsp;&nbsp; 5.26%, 04/08/29 | &nbsp;&nbsp;&nbsp; 315 | 323093 |
| &nbsp;&nbsp;&nbsp; 5.93%, 10/02/26 | &nbsp;&nbsp;&nbsp; 215 | 218550 |
| &nbsp;&nbsp;&nbsp; 5.99%, 10/03/28 | &nbsp;&nbsp;&nbsp; 185 | 193332 |
| Capital One NA, 4.65%, 09/13/28 | &nbsp;&nbsp;&nbsp; 260 | 261085 |
| CBQ Finance Ltd., 5.38%, 03/28/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204785 |
| &nbsp;&nbsp;&nbsp; China CITIC Bank International Ltd., 6.00%, <br> 12/05/33, (5-year CMT + 1.650%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 250 | 259188 |
| &nbsp;&nbsp;&nbsp; China Construction Bank Corp., 2.85%, 01/21/32, <br> (5-year CMT + 1.400%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 974782 |
| &nbsp;&nbsp;&nbsp; China Construction Bank Corp/Dubai, 5.00%, <br> 11/30/26, (1-day SOFR Index + 0.650%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200405 |
| &nbsp;&nbsp;&nbsp; China Construction Bank Corp/Hong Kong, 4.92%, <br> 07/16/27, (1-day SOFR Index + 0.550%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 400390 |
| China Development Bank, 3.38%, 01/24/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197682 |
| &nbsp;&nbsp;&nbsp; China Everbright Bank Co. Ltd/Hong Kong, 4.86%, <br> 05/14/27, (1-day SOFR Index + 0.520%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 199906 |
| &nbsp;&nbsp;&nbsp; China Merchants Bank Co. Ltd./Luxembourg <br> Branch, 1.25%, 09/01/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 193193 |
| CIMB Bank Bhd, 2.13%, 07/20/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 191236 |
| Citibank NA |  |  |
| &nbsp;&nbsp;&nbsp; 4.58%, 05/29/27 | &nbsp;&nbsp;&nbsp; 1000 | 1002945 |
| &nbsp;&nbsp;&nbsp; 4.84%, 08/06/29 | &nbsp;&nbsp;&nbsp; 545 | 553978 |
| &nbsp;&nbsp;&nbsp; 4.88%, 11/19/27, (1-day SOFR + 0.712%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 565 | 567303 |
| &nbsp;&nbsp;&nbsp; 4.91%, 05/29/30 | &nbsp;&nbsp;&nbsp; 750 | 761854 |
| &nbsp;&nbsp;&nbsp; 4.93%, 08/06/26 | &nbsp;&nbsp;&nbsp; 265 | 266273 |
| &nbsp;&nbsp;&nbsp; 5.49%, 12/04/26 | &nbsp;&nbsp;&nbsp; 560 | 567370 |
| &nbsp;&nbsp;&nbsp; 5.80%, 09/29/28 | &nbsp;&nbsp;&nbsp; 805 | 838363 |
| Citigroup Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.57%, 06/03/31, (1-day SOFR + 2.107%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 906829 |
| &nbsp;&nbsp;&nbsp; 2.67%, 01/29/31, (1-day SOFR + 1.146%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 700 | 641051 |
| &nbsp;&nbsp;&nbsp; 2.98%, 11/05/30, (1-day SOFR + 1.422%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 650 | 606629 |
| &nbsp;&nbsp;&nbsp; 3.07%, 02/24/28, (1-day SOFR + 1.280%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 865 | 844848 |
| &nbsp;&nbsp;&nbsp; 3.20%, 10/21/26 | &nbsp;&nbsp;&nbsp; 985 | 969950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.52%, 10/27/28, (3-mo. CME Term SOFR + <br> 1.413%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 805 | 787326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.67%, 07/24/28, (3-mo. CME Term SOFR + <br> 1.652%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 880 | 865434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.89%, 01/10/28, (3-mo. CME Term SOFR + <br> 1.825%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 850 | 841256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.98%, 03/20/30, (3-mo. CME Term SOFR + <br> 1.600%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 815 | 797616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.08%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.454%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 705 | 696551 |
| &nbsp;&nbsp;&nbsp; 4.13%, 07/25/28 | &nbsp;&nbsp;&nbsp; 195 | 193334 |
| &nbsp;&nbsp;&nbsp; 4.30%, 11/20/26 | &nbsp;&nbsp;&nbsp; 325 | 323790 |
| &nbsp;&nbsp;&nbsp; 4.41%, 03/31/31, (1-day SOFR + 3.914%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1150 | 1136655 |
| &nbsp;&nbsp;&nbsp; 4.45%, 09/29/27 | &nbsp;&nbsp;&nbsp; 1270 | 1266436 |
| &nbsp;&nbsp;&nbsp; 4.54%, 09/19/30, (1-day SOFR + 1.338%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 875 | 871438 |
| &nbsp;&nbsp;&nbsp; 4.64%, 05/07/28, (1-day SOFR + 1.143%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 650 | 650613 |
| &nbsp;&nbsp;&nbsp; 4.66%, 05/24/28, (1-day SOFR + 1.887%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 570 | 570863 |
| &nbsp;&nbsp;&nbsp; 4.79%, 03/04/29, (1-day SOFR + 0.870%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 700 | 703584 |
| &nbsp;&nbsp;&nbsp; 4.95%, 05/07/31, (1-day SOFR + 1.463%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 640 | 646144 |
| &nbsp;&nbsp;&nbsp; 5.17%, 02/13/30, (1-day SOFR + 1.364%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 970 | 987550 |
| &nbsp;&nbsp;&nbsp; 5.59%, 11/19/34, (5-year CMT + 1.280%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 380 | 385125 |
| &nbsp;&nbsp;&nbsp; 6.63%, 01/15/28 | &nbsp;&nbsp;&nbsp; 280 | 295471 |
| &nbsp;&nbsp;&nbsp; Citizens Bank NA, 4.58%, 08/09/28, (1-day SOFR + <br> 2.000%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 345 | 344763 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Citizens Financial Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 02/06/30 | &nbsp;&nbsp;&nbsp; $75 | $68071 |
| &nbsp;&nbsp;&nbsp; 3.25%, 04/30/30 | &nbsp;&nbsp;&nbsp; 200 | 186906 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/05/31, (1-day SOFR + 1.259%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 225 | 227610 |
| &nbsp;&nbsp;&nbsp; 5.84%, 01/23/30, (1-day SOFR + 2.010%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 309728 |
| Comerica Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/01/29 | &nbsp;&nbsp;&nbsp; 220 | 215005 |
| &nbsp;&nbsp;&nbsp; 5.98%, 01/30/30, (1-day SOFR + 2.155%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 260 | 267449 |
| Commercial Bank of Dubai PSC |  |  |
| &nbsp;&nbsp;&nbsp; 4.86%, 10/10/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201369 |
| &nbsp;&nbsp;&nbsp; 5.32%, 06/14/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203797 |
| &nbsp;&nbsp;&nbsp; 6.00%, (6-year CMT + 5.597%)<sup>(a)(d)(g)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199551 |
| &nbsp;&nbsp;&nbsp; Commercial Bank PSQC (The), 4.50%, (5-year CMT <br> + 3.874%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 196061 |
| Commonwealth Bank of Australia |  |  |
| &nbsp;&nbsp;&nbsp; 2.55%, 03/14/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 315 | 306677 |
| &nbsp;&nbsp;&nbsp; 2.63%, 09/06/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 45 | 44209 |
| &nbsp;&nbsp;&nbsp; 3.15%, 09/19/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 185807 |
| &nbsp;&nbsp;&nbsp; 3.61%, 09/12/34, (5-year CMT + 2.050%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 288948 |
| &nbsp;&nbsp;&nbsp; 3.90%, 03/16/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 144085 |
| &nbsp;&nbsp;&nbsp; 4.61%, 03/14/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 310 | 313636 |
| Commonwealth Bank of Australia/New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.42%, 03/14/28 | &nbsp;&nbsp;&nbsp; 250 | 251300 |
| &nbsp;&nbsp;&nbsp; 4.58%, 11/27/26 | &nbsp;&nbsp;&nbsp; 250 | 251031 |
| Cooperatieve Rabobank UA |  |  |
| &nbsp;&nbsp;&nbsp; 1.98%, 12/15/27, (1-year CMT + 0.730%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 380 | 366857 |
| &nbsp;&nbsp;&nbsp; 3.65%, 04/06/28, (1-year CMT + 1.220%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 375 | 369431 |
| &nbsp;&nbsp;&nbsp; 4.66%, 08/22/28, (1-year CMT + 1.750%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 400825 |
| &nbsp;&nbsp;&nbsp; 5.45%, 03/05/30, (1-year CMT + 1.120%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 257103 |
| &nbsp;&nbsp;&nbsp; 5.56%, 02/28/29, (1-year CMT + 1.400%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 330 | 338020 |
| Cooperatieve Rabobank UA/NY |  |  |
| &nbsp;&nbsp;&nbsp; 4.37%, 05/27/27 | &nbsp;&nbsp;&nbsp; 250 | 250669 |
| &nbsp;&nbsp;&nbsp; 4.49%, 10/17/29 | &nbsp;&nbsp;&nbsp; 240 | 241135 |
| &nbsp;&nbsp;&nbsp; 4.80%, 01/09/29 | &nbsp;&nbsp;&nbsp; 230 | 233194 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/21/28 | &nbsp;&nbsp;&nbsp; 265 | 269275 |
| &nbsp;&nbsp;&nbsp; 5.04%, 03/05/27 | &nbsp;&nbsp;&nbsp; 250 | 253134 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/05/26 | &nbsp;&nbsp;&nbsp; 265 | 268416 |
| Credit Agricole SA |  |  |
| &nbsp;&nbsp;&nbsp; 2.02%, 01/11/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 375 | 362357 |
| &nbsp;&nbsp;&nbsp; 3.25%, 01/14/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 278677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/10/33, (5-year USD Swap + <br> 1.644%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 450 | 437765 |
| &nbsp;&nbsp;&nbsp; 4.63%, 09/11/28, (1-day SOFR + 1.210%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 380 | 379903 |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/11/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 252969 |
| &nbsp;&nbsp;&nbsp; 5.22%, 05/27/31, (1-day SOFR + 1.460%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 500 | 508516 |
| &nbsp;&nbsp;&nbsp; 5.23%, 01/09/29, (1-day SOFR + 1.130%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 253257 |
| &nbsp;&nbsp;&nbsp; 5.30%, 07/12/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 280 | 287175 |
| &nbsp;&nbsp;&nbsp; 5.34%, 01/10/30, (1-day SOFR + 1.690%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 255312 |
| &nbsp;&nbsp;&nbsp; 6.32%, 10/03/29, (1-day SOFR + 1.860%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 500 | 523892 |
| &nbsp;&nbsp;&nbsp; Dah Sing Bank Ltd., 3.00%, 11/02/31, (5-year CMT <br> + 1.950%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 250 | 242305 |
| Danske Bank A/S |  |  |
| &nbsp;&nbsp;&nbsp; 1.55%, 09/10/27, (1-year CMT + 0.730%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 345 | 333627 |
| &nbsp;&nbsp;&nbsp; 4.30%, 04/01/28, (1-year CMT + 1.750%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 440 | 437663 |
| &nbsp;&nbsp;&nbsp; 4.38%, 06/12/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 185 | 184573 |
| &nbsp;&nbsp;&nbsp; 4.61%, 10/02/30, (1-year CMT + 1.100%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199108 |
| &nbsp;&nbsp;&nbsp; 5.43%, 03/01/28, (1-year CMT + 0.950%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202907 |
| &nbsp;&nbsp;&nbsp; 5.71%, 03/01/30, (1-year CMT + 1.400%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 395 | 408505 |
| &nbsp;&nbsp;&nbsp; Danske Bank AS, 5.02%, 03/04/31, (1-year CMT + <br> 0.930%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 201726 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Deutsche Bank AG |  |  |
| &nbsp;&nbsp;&nbsp; 5.52%, 09/01/28 | &nbsp;&nbsp;&nbsp; $300 | $305077 |
| &nbsp;&nbsp;&nbsp; 5.58%, 09/01/26 | &nbsp;&nbsp;&nbsp; 300 | 303477 |
| Deutsche Bank AG/New York NY |  |  |
| &nbsp;&nbsp;&nbsp; 2.31%, 11/16/27, (1-day SOFR + 1.219%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 575 | 557848 |
| &nbsp;&nbsp;&nbsp; 2.55%, 01/07/28, (1-day SOFR + 1.318%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 440 | 426810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 12/01/32, (5-year USD ICE Swap + <br> 2.553%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 310 | 307101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/04/31, (3-mo. CME Term SOFR + <br> 1.460%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 215 | 215263 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/11/30, (1-day SOFR + 1.700%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 403260 |
| &nbsp;&nbsp;&nbsp; 5.30%, 05/09/31, (1-day SOFR + 1.720%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 450 | 457424 |
| &nbsp;&nbsp;&nbsp; 5.37%, 09/09/27 | &nbsp;&nbsp;&nbsp; 255 | 260195 |
| &nbsp;&nbsp;&nbsp; 5.41%, 05/10/29 | &nbsp;&nbsp;&nbsp; 190 | 195870 |
| &nbsp;&nbsp;&nbsp; 5.71%, 02/08/28, (1-day SOFR + 1.594%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 305 | 309532 |
| &nbsp;&nbsp;&nbsp; 6.72%, 01/18/29, (1-day SOFR + 3.180%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 470 | 492218 |
| &nbsp;&nbsp;&nbsp; 6.82%, 11/20/29, (1-day SOFR + 2.510%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 450 | 478886 |
| &nbsp;&nbsp;&nbsp; 7.15%, 07/13/27, (1-day SOFR + 2.520%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10 | 10222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series ., 5.37%, 01/10/29, (1-day SOFR + <br> 1.210%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 300 | 304889 |
| &nbsp;&nbsp;&nbsp; Development Bank of Kazakhstan JSC, 5.50%, <br> 04/15/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 201911 |
| DIB Sukuk Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.74%, 02/16/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 387523 |
| &nbsp;&nbsp;&nbsp; 4.80%, 08/16/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200256 |
| &nbsp;&nbsp;&nbsp; 5.24%, 03/04/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202806 |
| &nbsp;&nbsp;&nbsp; 5.49%, 11/30/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203417 |
| &nbsp;&nbsp;&nbsp; DIB Tier 1 Sukuk 4 Ltd., 4.63%, (6-year CMT + <br> 4.077%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 197017 |
| &nbsp;&nbsp;&nbsp; DIB Tier 1 Sukuk 5 Ltd., 3.38%, (6-year CMT + <br> 2.246%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 192550 |
| &nbsp;&nbsp;&nbsp; DNB Bank ASA, 4.85%, 11/05/30, (1-day SOFR + <br> 1.050%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 230 | 232568 |
| Doha Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/12/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202603 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/05/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203221 |
| &nbsp;&nbsp;&nbsp; Dukhan Tier 1 Sukuk Ltd., 3.95%, (5-year CMT + <br> 3.081%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 195391 |
| EI Sukuk Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.08%, 11/02/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193072 |
| &nbsp;&nbsp;&nbsp; 5.06%, 03/25/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201923 |
| &nbsp;&nbsp;&nbsp; 5.43%, 05/28/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204842 |
| Emirates NBD Bank PJSC |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, (6-year CMT + 3.155%)<sup>(a)(d)(g)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193879 |
| &nbsp;&nbsp;&nbsp; 5.14%, 11/26/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204850 |
| &nbsp;&nbsp;&nbsp; 5.48%, 01/22/30, (5-year CMT + 1.005%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201317 |
| &nbsp;&nbsp;&nbsp; 5.63%, 10/21/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205174 |
| &nbsp;&nbsp;&nbsp; 5.78%, 01/31/29, (1-day SOFR + 1.400%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203147 |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/11/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208249 |
| Fab Sukuk Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.58%, 01/17/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200786 |
| &nbsp;&nbsp;&nbsp; 4.78%, 01/23/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201684 |
| &nbsp;&nbsp;&nbsp; FAB SUKUK Co. Ltd. SR UNSECURED REGS <br> 01/30 5.153, 5.15%, 01/16/30<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 205238 |
| Federation des Caisses Desjardins du Quebec |  |  |
| &nbsp;&nbsp;&nbsp; 4.55%, 08/23/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 205442 |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/26/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 290 | 297399 |
| &nbsp;&nbsp;&nbsp; 5.70%, 03/14/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 265 | 273598 |
| Fifth Third Bancorp |  |  |
| &nbsp;&nbsp;&nbsp; 1.71%, 11/01/27, (1-day SOFR + 0.685%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 345 | 332886 |
| &nbsp;&nbsp;&nbsp; 2.55%, 05/05/27 | &nbsp;&nbsp;&nbsp; 40 | 38782 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp;&nbsp; 3.95%, 03/14/28 | &nbsp;&nbsp;&nbsp; $265 | $261802 |
| &nbsp;&nbsp;&nbsp; 4.06%, 04/25/28, (1-day SOFR + 1.355%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 260 | 258014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.77%, 07/28/30, (1-day SOFR Index + <br> 2.127%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 315 | 316183 |
| &nbsp;&nbsp;&nbsp; 4.90%, 09/06/30, (1-day SOFR + 1.486%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201725 |
| &nbsp;&nbsp;&nbsp; 6.34%, 07/27/29, (1-day SOFR + 2.340%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 345 | 362646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.36%, 10/27/28, (1-day SOFR Index + <br> 2.192%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 232 | 241153 |
| Fifth Third Bank NA |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 02/01/27 | &nbsp;&nbsp;&nbsp; 250 | 241884 |
| &nbsp;&nbsp;&nbsp; 4.97%, 01/28/28, (1-day SOFR + 0.810%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 250 | 251510 |
| First Abu Dhabi Bank PJSC |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/24/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199653 |
| &nbsp;&nbsp;&nbsp; 4.50%, (5-year CMT + 4.138%)<sup>(a)(d)(g)</sup> | &nbsp;&nbsp;&nbsp; 400 | 395851 |
| &nbsp;&nbsp;&nbsp; 4.77%, 06/06/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201353 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/28/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203365 |
| &nbsp;&nbsp;&nbsp; 5.13%, 10/13/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202922 |
| &nbsp;&nbsp;&nbsp; 5.31%, 05/27/30<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200619 |
| &nbsp;&nbsp;&nbsp; 5.38%, 01/22/30, (5-year CMT + 2.400%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200751 |
| &nbsp;&nbsp;&nbsp; 5.43%, 07/22/29, (1-day SOFR + 1.050%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201189 |
| &nbsp;&nbsp;&nbsp; 5.58%, 01/29/29, (1-day SOFR + 1.200%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200378 |
| &nbsp;&nbsp;&nbsp; 5.80%, 01/16/35, (5-year CMT + 1.550%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204105 |
| &nbsp;&nbsp;&nbsp; 6.32%, 04/04/34, (5-year CMT + 1.700%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 412222 |
| &nbsp;&nbsp;&nbsp; First Citizens BancShares Inc./NC, 5.23%, 03/12/31, <br> (1-day SOFR + 1.410%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 140 | 140651 |
| &nbsp;&nbsp;&nbsp; First Horizon Corp., 5.51%, 03/07/31, (1-day SOFR <br> + 1.766%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 100 | 101716 |
| First-Citizens Bank & Trust Co., 6.13%, 03/09/28 | &nbsp;&nbsp;&nbsp; 45 | 46542 |
| &nbsp;&nbsp;&nbsp; FNB Corp./PA, 5.72%, 12/11/30, (1-day SOFR Index <br> + 1.930%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 135 | 135966 |
| Freedom Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 01/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 180072 |
| &nbsp;&nbsp;&nbsp; 12.00%, 10/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 267294 |
| GFH Senior Sukuk Ltd., 7.50%, 11/06/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199469 |
| Goldman Sachs Group Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 1.54%, 09/10/27, (1-day SOFR + 0.818%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 851 | 822294 |
| &nbsp;&nbsp;&nbsp; 1.95%, 10/21/27, (1-day SOFR + 0.913%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1415 | 1370469 |
| &nbsp;&nbsp;&nbsp; 2.60%, 02/07/30 | &nbsp;&nbsp;&nbsp; 600 | 554405 |
| &nbsp;&nbsp;&nbsp; 2.64%, 02/24/28, (1-day SOFR + 1.114%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 878 | 852058 |
| &nbsp;&nbsp;&nbsp; 3.50%, 11/16/26 | &nbsp;&nbsp;&nbsp; 794 | 783779 |
| &nbsp;&nbsp;&nbsp; 3.62%, 03/15/28, (1-day SOFR + 1.846%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 955 | 940557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.69%, 06/05/28, (3-mo. CME Term SOFR + <br> 1.772%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 700 | 689494 |
| &nbsp;&nbsp;&nbsp; 3.80%, 03/15/30 | &nbsp;&nbsp;&nbsp; 750 | 729601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.81%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.420%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 800 | 785212 |
| &nbsp;&nbsp;&nbsp; 3.85%, 01/26/27 | &nbsp;&nbsp;&nbsp; 919 | 911567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.22%, 05/01/29, (3-mo. CME Term SOFR + <br> 1.563%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 1115 | 1106970 |
| &nbsp;&nbsp;&nbsp; 4.48%, 08/23/28, (1-day SOFR + 1.725%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 865 | 865135 |
| &nbsp;&nbsp;&nbsp; 4.69%, 10/23/30, (1-day SOFR + 1.135%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 975 | 973941 |
| &nbsp;&nbsp;&nbsp; 4.94%, 04/23/28, (1-day SOFR + 1.319%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 100612 |
| &nbsp;&nbsp;&nbsp; 5.05%, 07/23/30, (1-day SOFR + 1.210%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 840 | 853181 |
| &nbsp;&nbsp;&nbsp; 5.21%, 01/28/31, (1-day SOFR + 1.078%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 965 | 985475 |
| &nbsp;&nbsp;&nbsp; 5.22%, 04/23/31, (1-day SOFR + 1.580%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1050 | 1073885 |
| &nbsp;&nbsp;&nbsp; 5.73%, 04/25/30, (1-day SOFR +1.265%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 670 | 695504 |
| &nbsp;&nbsp;&nbsp; 5.95%, 01/15/27 | &nbsp;&nbsp;&nbsp; 228 | 233560 |
| &nbsp;&nbsp;&nbsp; 6.48%, 10/24/29, (1-day SOFR + 1.770%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 710 | 750380 |
| Grupo Aval Ltd., 4.38%, 02/04/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 183268 |
| Gulf International Bank BSC, 5.75%, 06/05/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205887 |
| HDFC Bank Ltd., 5.18%, 02/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202747 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| HSBC Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.01%, 09/22/28, (1-day SOFR + 1.732%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $450 | $426265 |
| &nbsp;&nbsp;&nbsp; 2.21%, 08/17/29, (1-day SOFR + 1.285%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 680 | 632744 |
| &nbsp;&nbsp;&nbsp; 2.25%, 11/22/27, (1-day SOFR + 1.100%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 387906 |
| &nbsp;&nbsp;&nbsp; 2.85%, 06/04/31, (1-day SOFR + 2.387%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 366161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.97%, 05/22/30, (3-mo. CME Term SOFR + <br> 1.872%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 935 | 909964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.04%, 03/13/28, (3-mo. CME Term SOFR + <br> 1.808%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 840 | 832096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.58%, 06/19/29, (3-mo. CME Term SOFR + <br> 1.796%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 885 | 883468 |
| &nbsp;&nbsp;&nbsp; 4.76%, 06/09/28, (1-day SOFR + 2.110%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 790 | 791729 |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/03/29, (1-day SOFR + 1.030%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 560 | 563492 |
| &nbsp;&nbsp;&nbsp; 4.95%, 03/31/30 | &nbsp;&nbsp;&nbsp; 600 | 608767 |
| &nbsp;&nbsp;&nbsp; 5.13%, 11/19/28, (1-day SOFR + 1.040%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 525 | 530471 |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/03/31, (1-day SOFR + 1.290%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 410 | 415309 |
| &nbsp;&nbsp;&nbsp; 5.21%, 08/11/28, (1-day SOFR + 2.610%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 820 | 829667 |
| &nbsp;&nbsp;&nbsp; 5.24%, 05/13/31, (1-day SOFR + 1.570%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 610665 |
| &nbsp;&nbsp;&nbsp; 5.29%, 11/19/30, (1-day SOFR + 1.290%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 745 | 760609 |
| &nbsp;&nbsp;&nbsp; 5.55%, 03/04/30, (1-day SOFR + 1.460%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 411426 |
| &nbsp;&nbsp;&nbsp; 5.60%, 05/17/28, (1-day SOFR + 1.060%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 550 | 558935 |
| &nbsp;&nbsp;&nbsp; 5.89%, 08/14/27, (1-day SOFR + 1.570%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 790 | 799725 |
| &nbsp;&nbsp;&nbsp; 6.16%, 03/09/29, (1-day SOFR + 1.970%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 705 | 730787 |
| &nbsp;&nbsp;&nbsp; 7.39%, 11/03/28, (1-day SOFR + 3.350%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 805 | 851423 |
| HSBC USA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 06/03/28 | &nbsp;&nbsp;&nbsp; 200 | 200937 |
| &nbsp;&nbsp;&nbsp; 5.29%, 03/04/27 | &nbsp;&nbsp;&nbsp; 205 | 207813 |
| Huntington Bancshares Inc./Ohio |  |  |
| &nbsp;&nbsp;&nbsp; 2.55%, 02/04/30 | &nbsp;&nbsp;&nbsp; 230 | 210420 |
| &nbsp;&nbsp;&nbsp; 4.44%, 08/04/28, (1-day SOFR + 1.970%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 330 | 329044 |
| &nbsp;&nbsp;&nbsp; 5.27%, 01/15/31, (1-day SOFR + 1.276%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 355 | 362436 |
| &nbsp;&nbsp;&nbsp; 6.21%, 08/21/29, (1-day SOFR + 2.020%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 290 | 303213 |
| Huntington National Bank (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 05/17/28, (1-day SOFR Index + <br> 1.650%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 275 | 275118 |
| &nbsp;&nbsp;&nbsp; 4.87%, 04/12/28, (1-day SOFR + 0.720%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 250 | 251148 |
| &nbsp;&nbsp;&nbsp; 5.65%, 01/10/30 | &nbsp;&nbsp;&nbsp; 250 | 259073 |
| ICICI Bank Ltd./Dubai, 3.80%, 12/14/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195799 |
| &nbsp;&nbsp;&nbsp; Industrial & Commercial Bank of China Ltd., 3.20%, <br> (5-year CMT + 2.368%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 3150 | 3092994 |
| &nbsp;&nbsp;&nbsp; Industrial & Commercial Bank of China Ltd./Hong <br> Kong, 1.63%, 10/28/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 193397 |
| &nbsp;&nbsp;&nbsp; Industrial & Commercial Bank of China Ltd./New <br> York, 3.54%, 11/08/27<br>| &nbsp;&nbsp;&nbsp; 250 | 245502 |
| &nbsp;&nbsp;&nbsp; Industrial Bank Co. Ltd./Hong Kong, 4.90%, <br> 08/14/27, (1-day SOFR Index + 0.560%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 199961 |
| ING Groep NV |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 03/29/27 | &nbsp;&nbsp;&nbsp; 460 | 456162 |
| &nbsp;&nbsp;&nbsp; 4.02%, 03/28/28, (1-day SOFR + 1.830%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 450 | 446257 |
| &nbsp;&nbsp;&nbsp; 4.05%, 04/09/29 | &nbsp;&nbsp;&nbsp; 450 | 443171 |
| &nbsp;&nbsp;&nbsp; 4.55%, 10/02/28 | &nbsp;&nbsp;&nbsp; 355 | 355682 |
| &nbsp;&nbsp;&nbsp; 4.86%, 03/25/29, (1-day SOFR + 1.010%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.07%, 03/25/31, (1-day SOFR Index + <br> 1.230%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 203004 |
| &nbsp;&nbsp;&nbsp; 5.34%, 03/19/30, (1-day SOFR + 1.440%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 385 | 394191 |
| &nbsp;&nbsp;&nbsp; 6.08%, 09/11/27, (1-day SOFR + 1.560%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203046 |
| Intesa Sanpaolo SpA |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 01/12/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 200729 |
| &nbsp;&nbsp;&nbsp; Series XR, 4.00%, 09/23/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194392 |
| Israel Discount Bank Ltd., 5.38%, 01/26/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201042 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp;&nbsp; Itau Unibanco Holding SA/Cayman Island, 6.00%, <br> 02/27/30<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp; $400 | $409838 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp; 1.47%, 09/22/27, (1-day SOFR + 0.765%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 829 | 800762 |
| &nbsp;&nbsp;&nbsp; 2.07%, 06/01/29, (1-day SOFR + 1.015%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 685 | 641931 |
| &nbsp;&nbsp;&nbsp; 2.18%, 06/01/28, (1-day SOFR + 1.890%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 490 | 470870 |
| &nbsp;&nbsp;&nbsp; 2.52%, 04/22/31, (1-day SOFR + 2.040%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 875 | 799430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.74%, 10/15/30, (3-mo. CME Term SOFR + <br> 1.510%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 1160 | 1080188 |
| &nbsp;&nbsp;&nbsp; 2.95%, 10/01/26 | &nbsp;&nbsp;&nbsp; 910 | 896488 |
| &nbsp;&nbsp;&nbsp; 2.95%, 02/24/28, (1-day SOFR + 1.170%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 500 | 488381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.96%, 05/13/31, (3-mo. CME Term SOFR + <br> 2.515%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 900 | 833006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.51%, 01/23/29, (3-mo. CME Term SOFR + <br> 1.207%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 680 | 665134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.54%, 05/01/28, (3-mo. CME Term SOFR + <br> 1.642%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 767 | 754809 |
| &nbsp;&nbsp;&nbsp; 3.63%, 12/01/27 | &nbsp;&nbsp;&nbsp; 355 | 349249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 05/06/30, (3-mo. CME Term SOFR + <br> 1.422%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 803 | 780495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.78%, 02/01/28, (3-mo. CME Term SOFR + <br> 1.599%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 905 | 895600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.01%, 04/23/29, (3-mo. CME Term SOFR + <br> 1.382%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 690 | 681838 |
| &nbsp;&nbsp;&nbsp; 4.13%, 12/15/26 | &nbsp;&nbsp;&nbsp; 600 | 597916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 07/23/29, (3-mo. CME Term SOFR + <br> 1.522%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 795 | 789633 |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/01/27 | &nbsp;&nbsp;&nbsp; 185 | 185150 |
| &nbsp;&nbsp;&nbsp; 4.32%, 04/26/28, (1-day SOFR + 1.560%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 921 | 918530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 12/05/29, (3-mo. CME Term SOFR + <br> 1.592%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 810 | 809096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.49%, 03/24/31, (3-mo. CME Term SOFR + <br> 3.790%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 930 | 927241 |
| &nbsp;&nbsp;&nbsp; 4.51%, 10/22/28, (1-day SOFR + 0.860%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 600468 |
| &nbsp;&nbsp;&nbsp; 4.57%, 06/14/30, (1-day SOFR + 1.750%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600 | 601914 |
| &nbsp;&nbsp;&nbsp; 4.60%, 10/22/30, (1-day SOFR + 1.040%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 785 | 786065 |
| &nbsp;&nbsp;&nbsp; 4.85%, 07/25/28, (1-day SOFR + 1.990%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1015 | 1022976 |
| &nbsp;&nbsp;&nbsp; 4.92%, 01/24/29, (1-day SOFR + 0.800%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 705 | 712389 |
| &nbsp;&nbsp;&nbsp; 4.98%, 07/22/28, (1-day SOFR + 0.930%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 705 | 711808 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/22/30, (1-day SOFR +1.125%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 825 | 839224 |
| &nbsp;&nbsp;&nbsp; 5.01%, 01/23/30, (1-day SOFR + 1.310%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 735 | 747034 |
| &nbsp;&nbsp;&nbsp; 5.04%, 01/23/28, (1-day SOFR + 1.190%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 510 | 513954 |
| &nbsp;&nbsp;&nbsp; 5.10%, 04/22/31, (1-day SOFR + 1.435%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 745 | 761838 |
| &nbsp;&nbsp;&nbsp; 5.14%, 01/24/31, (1-day SOFR + 1.010%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 775 | 791754 |
| &nbsp;&nbsp;&nbsp; 5.30%, 07/24/29, (1-day SOFR + 1.450%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 765 | 783334 |
| &nbsp;&nbsp;&nbsp; 5.57%, 04/22/28, (1-day SOFR + 0.930%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 780 | 793770 |
| &nbsp;&nbsp;&nbsp; 5.58%, 04/22/30, (1-day SOFR +1.160%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 855 | 886098 |
| &nbsp;&nbsp;&nbsp; 6.07%, 10/22/27, (1-day SOFR + 1.330%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 685 | 697416 |
| &nbsp;&nbsp;&nbsp; 6.09%, 10/23/29, (1-day SOFR + 1.570%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 655 | 686156 |
| &nbsp;&nbsp;&nbsp; 7.63%, 10/15/26 | &nbsp;&nbsp;&nbsp; 265 | 275113 |
| &nbsp;&nbsp;&nbsp; 8.00%, 04/29/27 | &nbsp;&nbsp;&nbsp; 270 | 286758 |
| JPMorgan Chase Bank NA, 5.11%, 12/08/26 | &nbsp;&nbsp;&nbsp; 500 | 504721 |
| &nbsp;&nbsp;&nbsp; Kasikornbank PCL/Hong Kong, 3.34%, 10/02/31, <br> (5-year CMT + 1.700%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 389759 |
| KBC Group NV |  |  |
| &nbsp;&nbsp;&nbsp; 4.93%, 10/16/30, (1-year CMT + 1.070%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 295 | 296971 |
| &nbsp;&nbsp;&nbsp; 5.80%, 01/19/29, (1-year CMT + 2.100%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 313861 |
| KEB Hana Bank |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 12/16/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 191494 |
| &nbsp;&nbsp;&nbsp; 3.25%, 03/30/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196300 |
| &nbsp;&nbsp;&nbsp; 5.75%, 10/24/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208010 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| KeyBank NA/Cleveland OH |  |  |
| &nbsp;&nbsp;&nbsp; 4.39%, 12/14/27 | &nbsp;&nbsp;&nbsp; $220 | $219622 |
| &nbsp;&nbsp;&nbsp; 5.85%, 11/15/27 | &nbsp;&nbsp;&nbsp; 430 | 442040 |
| KeyCorp |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 04/06/27 | &nbsp;&nbsp;&nbsp; 215 | 206877 |
| &nbsp;&nbsp;&nbsp; 2.55%, 10/01/29 | &nbsp;&nbsp;&nbsp; 215 | 198447 |
| &nbsp;&nbsp;&nbsp; 4.10%, 04/30/28 | &nbsp;&nbsp;&nbsp; 185 | 183401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.12%, 04/04/31, (1-day SOFR Index + <br> 1.227%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 202101 |
| KFH Sukuk Co. |  |  |
| &nbsp;&nbsp;&nbsp; 5.01%, 01/17/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201750 |
| &nbsp;&nbsp;&nbsp; 5.38%, 01/14/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204677 |
| Kookmin Bank |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 05/08/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199886 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/01/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198309 |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/21/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201113 |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/08/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205669 |
| Korea Development Bank (The) |  |  |
| &nbsp;&nbsp;&nbsp; 1.00%, 09/09/26 | &nbsp;&nbsp;&nbsp; 400 | 385426 |
| &nbsp;&nbsp;&nbsp; 2.25%, 02/24/27 | &nbsp;&nbsp;&nbsp; 200 | 193744 |
| Kreditanstalt fuer Wiederaufbau |  |  |
| &nbsp;&nbsp;&nbsp; 1.00%, 10/01/26 | &nbsp;&nbsp;&nbsp; 747 | 720467 |
| &nbsp;&nbsp;&nbsp; 1.75%, 09/14/29 | &nbsp;&nbsp;&nbsp; 40 | 36681 |
| &nbsp;&nbsp;&nbsp; 2.88%, 04/03/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 390 | 379899 |
| &nbsp;&nbsp;&nbsp; 3.00%, 05/20/27 | &nbsp;&nbsp;&nbsp; 1500 | 1473731 |
| &nbsp;&nbsp;&nbsp; 3.50%, 08/27/27 | &nbsp;&nbsp;&nbsp; 990 | 980776 |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/15/28 | &nbsp;&nbsp;&nbsp; 2085 | 2077255 |
| &nbsp;&nbsp;&nbsp; 3.75%, 07/15/30 | &nbsp;&nbsp;&nbsp; 145 | 143531 |
| &nbsp;&nbsp;&nbsp; 3.88%, 06/15/28 | &nbsp;&nbsp;&nbsp; 3221 | 3218622 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/28/27 | &nbsp;&nbsp;&nbsp; 5 | 5002 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/15/29 | &nbsp;&nbsp;&nbsp; 2457 | 2462424 |
| &nbsp;&nbsp;&nbsp; 4.13%, 01/31/28 | &nbsp;&nbsp;&nbsp; 240 | 240910 |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/01/27 | &nbsp;&nbsp;&nbsp; 1335 | 1341798 |
| &nbsp;&nbsp;&nbsp; 4.63%, 08/07/26 | &nbsp;&nbsp;&nbsp; 1478 | 1484087 |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/18/30 | &nbsp;&nbsp;&nbsp; 315 | 323882 |
| &nbsp;&nbsp;&nbsp; Series GLOB, 3.88%, 05/15/28 | &nbsp;&nbsp;&nbsp; 5 | 4996 |
| &nbsp;&nbsp;&nbsp; Landeskreditbank <br> Baden-Wuerttemberg Foerderbank<br>|  |  |
| &nbsp;&nbsp;&nbsp; 1.38%, 10/12/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 510 | 470033 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/22/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 120 | 119658 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/15/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 65 | 65537 |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/13/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 10 | 10211 |
| Landwirtschaftliche Rentenbank |  |  |
| &nbsp;&nbsp;&nbsp; 1.00%, 02/25/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 230 | 213687 |
| &nbsp;&nbsp;&nbsp; 1.75%, 01/14/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 475 | 459256 |
| &nbsp;&nbsp;&nbsp; 3.00%, 05/21/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 435 | 419954 |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/28/27 | &nbsp;&nbsp;&nbsp; 167 | 166597 |
| &nbsp;&nbsp;&nbsp; 3.88%, 06/14/28 | &nbsp;&nbsp;&nbsp; 1310 | 1308282 |
| &nbsp;&nbsp;&nbsp; 4.13%, 05/28/30 | &nbsp;&nbsp;&nbsp; 130 | 130875 |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/17/29 | &nbsp;&nbsp;&nbsp; 181 | 185101 |
| &nbsp;&nbsp;&nbsp; Series 37, 2.50%, 11/15/27 | &nbsp;&nbsp;&nbsp; 362 | 350340 |
| LG Electronics Inc., 5.63%, 04/24/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203131 |
| Lloyds Banking Group PLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.57%, 11/07/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 490 | 478739 |
| &nbsp;&nbsp;&nbsp; 3.75%, 03/18/28, (1-year CMT + 1.800%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 405 | 399541 |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/22/28 | &nbsp;&nbsp;&nbsp; 520 | 517949 |
| &nbsp;&nbsp;&nbsp; 4.82%, 06/13/29, (1-year CMT + 1.600%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 402380 |
| &nbsp;&nbsp;&nbsp; 5.09%, 11/26/28, (1-year CMT + 0.850%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 404279 |
| &nbsp;&nbsp;&nbsp; 5.46%, 01/05/28, (1-year CMT + 1.375%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 410 | 414463 |
| &nbsp;&nbsp;&nbsp; 5.72%, 06/05/30, (1-year CMT + 1.070%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 395 | 409747 |
| &nbsp;&nbsp;&nbsp; 5.87%, 03/06/29, (1-year CMT + 1.700%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 450 | 463769 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp;&nbsp; 5.99%, 08/07/27, (1-year CMT + 1.480%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $575 | $582337 |
| M&T Bank Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 08/16/28, (1-day SOFR Index + <br> 1.780%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 135 | 134616 |
| &nbsp;&nbsp;&nbsp; 4.83%, 01/16/29, (1-day SOFR + 0.930%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 100587 |
| &nbsp;&nbsp;&nbsp; 5.18%, 07/08/31, (1-year CMT + 0.920%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 115 | 116277 |
| &nbsp;&nbsp;&nbsp; 5.40%, 07/30/35, (1-day SOFR + 0.950%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 75 | 75077 |
| &nbsp;&nbsp;&nbsp; 7.41%, 10/30/29, (1-day SOFR + 2.800%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 195 | 210927 |
| Macquarie Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.33%, 06/12/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200064 |
| &nbsp;&nbsp;&nbsp; 5.27%, 07/02/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 245 | 249009 |
| &nbsp;&nbsp;&nbsp; 5.39%, 12/07/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 315 | 319183 |
| Macquarie Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 1.63%, 09/23/27, (1-day SOFR + 0.910%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 325 | 313997 |
| &nbsp;&nbsp;&nbsp; 1.94%, 04/14/28, (1-day SOFR + 0.995%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 152829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.76%, 11/28/28, (3-mo. CME Term SOFR + <br> 1.634%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 435 | 426249 |
| &nbsp;&nbsp;&nbsp; 4.10%, 06/21/28, (1-day SOFR + 2.125%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 118729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/27/29, (3-mo. CME Term SOFR + <br> 1.989%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 160 | 159925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.03%, 01/15/30, (3-mo. CME Term SOFR + <br> 2.012%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 260 | 262811 |
| Manufacturers & Traders Trust Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.70%, 01/27/28 | &nbsp;&nbsp;&nbsp; 460 | 462566 |
| &nbsp;&nbsp;&nbsp; 4.76%, 07/06/28, (1-day SOFR + 0.770%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 250 | 250998 |
| &nbsp;&nbsp;&nbsp; Mashreq AL Islami Sukuk Co. Ltd., 5.03%, <br> 04/22/30<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 201614 |
| Mashreqbank PSC |  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, (5-year CMT + 2.705%)<sup>(a)(d)(g)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206301 |
| &nbsp;&nbsp;&nbsp; 7.88%, 02/24/33, (5-year CMT + 3.997%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 210563 |
| Metropolitan Bank & Trust Co., 5.38%, 03/06/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205222 |
| Mitsubishi UFJ Financial Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.64%, 10/13/27, (1-year CMT + 0.670%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 490 | 472961 |
| &nbsp;&nbsp;&nbsp; 2.05%, 07/17/30 | &nbsp;&nbsp;&nbsp; 350 | 310291 |
| &nbsp;&nbsp;&nbsp; 2.34%, 01/19/28, (1-year CMT + 0.830%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 375 | 363193 |
| &nbsp;&nbsp;&nbsp; 2.56%, 02/25/30 | &nbsp;&nbsp;&nbsp; 350 | 320689 |
| &nbsp;&nbsp;&nbsp; 2.76%, 09/13/26 | &nbsp;&nbsp;&nbsp; 200 | 196227 |
| &nbsp;&nbsp;&nbsp; 3.20%, 07/18/29 | &nbsp;&nbsp;&nbsp; 500 | 476678 |
| &nbsp;&nbsp;&nbsp; 3.29%, 07/25/27 | &nbsp;&nbsp;&nbsp; 135 | 132412 |
| &nbsp;&nbsp;&nbsp; 3.68%, 02/22/27 | &nbsp;&nbsp;&nbsp; 430 | 425411 |
| &nbsp;&nbsp;&nbsp; 3.74%, 03/07/29 | &nbsp;&nbsp;&nbsp; 415 | 406203 |
| &nbsp;&nbsp;&nbsp; 3.96%, 03/02/28 | &nbsp;&nbsp;&nbsp; 400 | 396224 |
| &nbsp;&nbsp;&nbsp; 4.05%, 09/11/28 | &nbsp;&nbsp;&nbsp; 300 | 297421 |
| &nbsp;&nbsp;&nbsp; 4.08%, 04/19/28, (1-year CMT + 1.300%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 315 | 312422 |
| &nbsp;&nbsp;&nbsp; 5.02%, 07/20/28, (1-year CMT + 1.950%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 480 | 484559 |
| &nbsp;&nbsp;&nbsp; 5.16%, 04/24/31, (1-year CMT + 1.170%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204221 |
| &nbsp;&nbsp;&nbsp; 5.20%, 01/16/31, (1-year CMT + 0.780%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 320 | 326506 |
| &nbsp;&nbsp;&nbsp; 5.24%, 04/19/29, (1-year CMT + 1.700%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203737 |
| &nbsp;&nbsp;&nbsp; 5.26%, 04/17/30, (1-year CMT + 0.820%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204548 |
| &nbsp;&nbsp;&nbsp; 5.35%, 09/13/28, (1-year CMT + 1.900%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 390 | 396478 |
| &nbsp;&nbsp;&nbsp; 5.42%, 02/22/29, (1-year CMT + 1.380%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 365 | 372887 |
| &nbsp;&nbsp;&nbsp; 5.48%, 02/22/31, (1-year CMT + 1.530%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206453 |
| Mizuho Financial Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 07/10/31, (3-mo. CME Term SOFR + <br> 1.772%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 300 | 266183 |
| &nbsp;&nbsp;&nbsp; 2.84%, 09/13/26 | &nbsp;&nbsp;&nbsp; 200 | 196482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.87%, 09/13/30, (3-mo. CME Term SOFR + <br> 1.572%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 186345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 07/16/30, (3-mo. CME Term SOFR + <br> 1.392%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 265 | 250594 |
| &nbsp;&nbsp;&nbsp; 3.17%, 09/11/27 | &nbsp;&nbsp;&nbsp; 300 | 292438 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp;&nbsp; 3.26%, 05/22/30, (1-year CMT + 1.250%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $190 | $180981 |
| &nbsp;&nbsp;&nbsp; 3.66%, 02/28/27 | &nbsp;&nbsp;&nbsp; 205 | 202483 |
| &nbsp;&nbsp;&nbsp; 4.02%, 03/05/28 | &nbsp;&nbsp;&nbsp; 455 | 451463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/11/29, (3-mo. CME Term SOFR + <br> 1.532%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 315 | 312059 |
| &nbsp;&nbsp;&nbsp; 4.71%, 07/08/31, (1-year CMT + 1.070%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 399241 |
| &nbsp;&nbsp;&nbsp; 5.10%, 05/13/31, (1-year CMT + 0.820%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202929 |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/26/30, (1-year CMT + 1.120%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 205 | 209848 |
| &nbsp;&nbsp;&nbsp; 5.38%, 07/10/30, (1-year CMT + 1.080%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 390 | 400260 |
| &nbsp;&nbsp;&nbsp; 5.41%, 09/13/28, (1-year CMT + 2.050%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 305209 |
| &nbsp;&nbsp;&nbsp; 5.67%, 05/27/29, (1-year CMT + 1.500%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205877 |
| &nbsp;&nbsp;&nbsp; 5.74%, 05/27/31, (1-year CMT + 1.650%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208170 |
| &nbsp;&nbsp;&nbsp; 5.78%, 07/06/29, (1-year CMT + 1.650%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 430 | 444531 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp; 2.48%, 01/21/28, (1-day SOFR + 1.000%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 805 | 781427 |
| &nbsp;&nbsp;&nbsp; 2.70%, 01/22/31, (1-day SOFR + 1.143%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1050 | 967571 |
| &nbsp;&nbsp;&nbsp; 3.59%, 07/22/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 945 | 928202 |
| &nbsp;&nbsp;&nbsp; 3.62%, 04/01/31, (1-day SOFR + 3.120%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 925 | 885840 |
| &nbsp;&nbsp;&nbsp; 3.63%, 01/20/27 | &nbsp;&nbsp;&nbsp; 925 | 915964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.77%, 01/24/29, (3-mo. CME Term SOFR + <br> 1.402%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 975 | 958937 |
| &nbsp;&nbsp;&nbsp; 3.95%, 04/23/27 | &nbsp;&nbsp;&nbsp; 769 | 762533 |
| &nbsp;&nbsp;&nbsp; 4.21%, 04/20/28, (1-day SOFR + 1.610%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 910 | 905996 |
| &nbsp;&nbsp;&nbsp; 4.35%, 09/08/26 | &nbsp;&nbsp;&nbsp; 600 | 598421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.43%, 01/23/30, (3-mo. CME Term SOFR + <br> 1.890%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 940 | 936446 |
| &nbsp;&nbsp;&nbsp; 4.65%, 10/18/30, (1-day SOFR + 1.100%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 920 | 921455 |
| &nbsp;&nbsp;&nbsp; 5.04%, 07/19/30, (1-day SOFR + 1.215%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 690 | 701615 |
| &nbsp;&nbsp;&nbsp; 5.12%, 02/01/29, (1-day SOFR + 1.730%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 877 | 890059 |
| &nbsp;&nbsp;&nbsp; 5.16%, 04/20/29, (1-day SOFR + 1.590%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 925 | 939732 |
| &nbsp;&nbsp;&nbsp; 5.17%, 01/16/30, (1-day SOFR + 1.450%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 715 | 729482 |
| &nbsp;&nbsp;&nbsp; 5.19%, 04/17/31, (1-day SOFR + 1.510%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 990 | 1011176 |
| &nbsp;&nbsp;&nbsp; 5.23%, 01/15/31, (1-day SOFR + 1.108%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 765 | 783029 |
| &nbsp;&nbsp;&nbsp; 5.45%, 07/20/29, (1-day SOFR + 1.630%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 670 | 687848 |
| &nbsp;&nbsp;&nbsp; 5.65%, 04/13/28, (1-day SOFR +1.010%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 475 | 483997 |
| &nbsp;&nbsp;&nbsp; 5.66%, 04/18/30, (1-day SOFR + 1.260%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 740 | 766443 |
| &nbsp;&nbsp;&nbsp; 6.25%, 08/09/26 | &nbsp;&nbsp;&nbsp; 340 | 346144 |
| &nbsp;&nbsp;&nbsp; 6.30%, 10/18/28, (1-day SOFR + 2.240%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 486 | 504461 |
| &nbsp;&nbsp;&nbsp; 6.41%, 11/01/29, (1-day SOFR + 1.830%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 520 | 548706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series ., 4.99%, 04/12/29, (1-day SOFR + <br> 1.380%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 285 | 288443 |
| Morgan Stanley Bank NA |  |  |
| &nbsp;&nbsp;&nbsp; 4.45%, 10/15/27, (1-day SOFR + 0.680%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 550 | 549142 |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/14/28, (1-day SOFR + 1.080%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 395 | 397215 |
| &nbsp;&nbsp;&nbsp; 4.97%, 07/14/28, (1-day SOFR + 0.930%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 500 | 504969 |
| &nbsp;&nbsp;&nbsp; 5.02%, 01/12/29, (1-day SOFR + 0.906%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 700 | 708637 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/26/28, (1-day SOFR + 0.865%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 500 | 508935 |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/30/26 | &nbsp;&nbsp;&nbsp; 500 | 509041 |
| Morgan Stanley Private Bank N.A. |  |  |
| &nbsp;&nbsp;&nbsp; 4.47%, 07/06/28, (1-day SOFR + 0.727%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 785 | 784490 |
| &nbsp;&nbsp;&nbsp; 4.73%, 07/18/31, (1-day SOFR + 1.417%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 935 | 939121 |
| Movida Europe SA, 7.85%, 04/11/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 189435 |
| &nbsp;&nbsp;&nbsp; Nanyang Commercial Bank Ltd., 6.00%, 08/06/34, <br> (5-year CMT + 2.100%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 250 | 254859 |
| National Australia Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 1.89%, 01/12/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 445 | 430510 |
| &nbsp;&nbsp;&nbsp; 3.93%, 08/02/34, (5-year CMT + 1.880%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 383906 |
| National Australia Bank Ltd./New York |  |  |
| &nbsp;&nbsp;&nbsp; 3.91%, 06/09/27 | &nbsp;&nbsp;&nbsp; 430 | 427334 |
| &nbsp;&nbsp;&nbsp; 4.31%, 06/13/28 | &nbsp;&nbsp;&nbsp; 250 | 250611 |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/26/27 | &nbsp;&nbsp;&nbsp; 360 | 361971 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp;&nbsp; 4.53%, 06/13/30 | &nbsp;&nbsp;&nbsp; $250 | $251793 |
| &nbsp;&nbsp;&nbsp; 4.79%, 01/10/29 | &nbsp;&nbsp;&nbsp; 250 | 254361 |
| &nbsp;&nbsp;&nbsp; 4.90%, 06/13/28 | &nbsp;&nbsp;&nbsp; 340 | 346350 |
| &nbsp;&nbsp;&nbsp; 4.90%, 01/14/30 | &nbsp;&nbsp;&nbsp; 240 | 245616 |
| &nbsp;&nbsp;&nbsp; 4.94%, 01/12/28 | &nbsp;&nbsp;&nbsp; 310 | 315336 |
| &nbsp;&nbsp;&nbsp; 5.09%, 06/11/27 | &nbsp;&nbsp;&nbsp; 250 | 253699 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/10/29 | &nbsp;&nbsp;&nbsp; 275 | 273897 |
| &nbsp;&nbsp;&nbsp; 4.95%, 02/01/28, (1-day SOFR + 0.795%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 315 | 316714 |
| &nbsp;&nbsp;&nbsp; 5.60%, 12/18/28 | &nbsp;&nbsp;&nbsp; 260 | 268332 |
| &nbsp;&nbsp;&nbsp; National Bank of Ras Al-Khaimah PSC, 5.38%, <br> 07/25/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 203364 |
| National Securities Clearing Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.70%, 05/20/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 242629 |
| &nbsp;&nbsp;&nbsp; 4.90%, 06/26/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 254283 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/30/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 254260 |
| &nbsp;&nbsp;&nbsp; 5.10%, 11/21/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 270 | 274626 |
| NatWest Group PLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.07%, 05/22/28, (1-year CMT + 2.550%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 292518 |
| &nbsp;&nbsp;&nbsp; 4.45%, 05/08/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 397023 |
| &nbsp;&nbsp;&nbsp; 4.89%, 05/18/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 545 | 549318 |
| &nbsp;&nbsp;&nbsp; 4.96%, 08/15/30, (1-year CMT + 1.220%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 395 | 399155 |
| &nbsp;&nbsp;&nbsp; 5.08%, 01/27/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 560 | 567259 |
| &nbsp;&nbsp;&nbsp; 5.12%, 05/23/31, (1-year CMT + 1.050%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 406058 |
| &nbsp;&nbsp;&nbsp; 5.52%, 09/30/28, (1-year CMT + 2.270%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 335 | 341335 |
| &nbsp;&nbsp;&nbsp; 5.58%, 03/01/28, (1-year CMT + 1.100%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203059 |
| &nbsp;&nbsp;&nbsp; 5.81%, 09/13/29, (1-year CMT + 1.950%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 395 | 409422 |
| &nbsp;&nbsp;&nbsp; 6.48%, 06/01/34, (5-year CMT + 2.200%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 305 | 318266 |
| NatWest Markets PLC |  |  |
| &nbsp;&nbsp;&nbsp; 1.60%, 09/29/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 338641 |
| &nbsp;&nbsp;&nbsp; 4.79%, 03/21/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 277572 |
| &nbsp;&nbsp;&nbsp; 5.02%, 03/21/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203225 |
| &nbsp;&nbsp;&nbsp; 5.41%, 05/17/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 235 | 241931 |
| &nbsp;&nbsp;&nbsp; 5.42%, 05/17/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 270 | 274838 |
| NBK SPC Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 1.63%, 09/15/27, (1-day SOFR + 1.050%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193037 |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/06/30, (1-day SOFR + 1.160%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205508 |
| &nbsp;&nbsp;&nbsp; NBK Tier 1 Ltd., 3.63%, (6-year CMT + <br> 2.875%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 194680 |
| &nbsp;&nbsp;&nbsp; NCB Tier 1 Sukuk Ltd., 3.50%, (6-year CMT + <br> 2.889%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 388953 |
| NongHyup Bank |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 07/06/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199438 |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/03/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 405047 |
| Nordea Bank Abp |  |  |
| &nbsp;&nbsp;&nbsp; 1.50%, 09/30/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 360 | 348119 |
| &nbsp;&nbsp;&nbsp; 4.38%, 09/10/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 09/13/33, (5-year USD Swap + <br> 1.690%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 75 | 74135 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/19/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 212319 |
| &nbsp;&nbsp;&nbsp; 5.38%, 09/22/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 395 | 402363 |
| Norinchukin Bank (The) |  |  |
| &nbsp;&nbsp;&nbsp; 1.28%, 09/22/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 197154 |
| &nbsp;&nbsp;&nbsp; 4.87%, 09/14/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 210462 |
| &nbsp;&nbsp;&nbsp; 5.09%, 10/16/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 206908 |
| &nbsp;&nbsp;&nbsp; 5.43%, 03/09/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203318 |
| Northern Trust Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.95%, 05/01/30 | &nbsp;&nbsp;&nbsp; 300 | 269376 |
| &nbsp;&nbsp;&nbsp; 3.15%, 05/03/29 | &nbsp;&nbsp;&nbsp; 60 | 57647 |
| &nbsp;&nbsp;&nbsp; 3.38%, 05/08/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 142 | 137720 |
| &nbsp;&nbsp;&nbsp; 3.65%, 08/03/28 | &nbsp;&nbsp;&nbsp; 15 | 14762 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/10/27 | &nbsp;&nbsp;&nbsp; $475 | $473108 |
| NRW Bank |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/24/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 64 | 64667 |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/08/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 462 | 464955 |
| Oesterreichische Kontrollbank AG |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 09/09/27 | &nbsp;&nbsp;&nbsp; 255 | 253013 |
| &nbsp;&nbsp;&nbsp; 3.75%, 09/05/29 | &nbsp;&nbsp;&nbsp; 306 | 302868 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/28/28 | &nbsp;&nbsp;&nbsp; 5 | 5007 |
| &nbsp;&nbsp;&nbsp; 4.13%, 01/18/29 | &nbsp;&nbsp;&nbsp; 515 | 517194 |
| &nbsp;&nbsp;&nbsp; 4.25%, 03/01/28 | &nbsp;&nbsp;&nbsp; 300 | 302068 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/24/30 | &nbsp;&nbsp;&nbsp; 365 | 371950 |
| &nbsp;&nbsp;&nbsp; 4.75%, 05/21/27 | &nbsp;&nbsp;&nbsp; 670 | 677500 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/23/26 | &nbsp;&nbsp;&nbsp; 225 | 227148 |
| OTP Bank Nyrt |  |  |
| &nbsp;&nbsp;&nbsp; 7.30%, 07/30/35, (5-year CMT + 2.861%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208012 |
| &nbsp;&nbsp;&nbsp; 8.75%, 05/15/33, (5-year CMT + 5.060%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 214829 |
| Oversea-Chinese Banking Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 06/15/32, (5-year CMT + 1.575%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199696 |
| &nbsp;&nbsp;&nbsp; 5.52%, 05/21/34, (5-year CMT + 1.030%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206280 |
| &nbsp;&nbsp;&nbsp; PNC Bank N.A., 4.43%, 07/21/28, (1-day SOFR + <br> 0.890%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 250 | 249965 |
| PNC Bank NA |  |  |
| &nbsp;&nbsp;&nbsp; 2.70%, 10/22/29 | &nbsp;&nbsp;&nbsp; 250 | 232359 |
| &nbsp;&nbsp;&nbsp; 3.25%, 01/22/28 | &nbsp;&nbsp;&nbsp; 320 | 312097 |
| &nbsp;&nbsp;&nbsp; 4.05%, 07/26/28 | &nbsp;&nbsp;&nbsp; 370 | 366306 |
| PNC Financial Services Group Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 1.15%, 08/13/26 | &nbsp;&nbsp;&nbsp; 260 | 251590 |
| &nbsp;&nbsp;&nbsp; 2.55%, 01/22/30 | &nbsp;&nbsp;&nbsp; 595 | 549924 |
| &nbsp;&nbsp;&nbsp; 3.15%, 05/19/27 | &nbsp;&nbsp;&nbsp; 315 | 308494 |
| &nbsp;&nbsp;&nbsp; 3.45%, 04/23/29 | &nbsp;&nbsp;&nbsp; 455 | 441447 |
| &nbsp;&nbsp;&nbsp; 4.90%, 05/13/31, (1-day SOFR + 1.333%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 303270 |
| &nbsp;&nbsp;&nbsp; 5.22%, 01/29/31, (1-day SOFR + 1.072%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 320 | 327963 |
| &nbsp;&nbsp;&nbsp; 5.30%, 01/21/28, (1-day SOFR + 1.342%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 325 | 328804 |
| &nbsp;&nbsp;&nbsp; 5.35%, 12/02/28, (1-day SOFR + 1.620%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 426 | 434726 |
| &nbsp;&nbsp;&nbsp; 5.49%, 05/14/30, (1-day SOFR + 1.198%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 525 | 542837 |
| &nbsp;&nbsp;&nbsp; 5.58%, 06/12/29, (1-day SOFR + 1.841%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 747 | 770046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.62%, 10/20/27, (1-day SOFR Index + <br> 1.730%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 390 | 399241 |
| QIB Sukuk Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.49%, 09/17/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199031 |
| &nbsp;&nbsp;&nbsp; 5.58%, 11/22/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 412746 |
| QIIB Senior Oryx Ltd., 5.25%, 01/24/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203369 |
| QNB Bank AS, 7.25%, 05/21/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208108 |
| QNB Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 02/12/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194448 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/30/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 404238 |
| &nbsp;&nbsp;&nbsp; 5.55%, 04/02/29, (1-day SOFR + 1.200%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 404776 |
| Regions Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.80%, 08/12/28 | &nbsp;&nbsp;&nbsp; 55 | 50855 |
| &nbsp;&nbsp;&nbsp; 5.72%, 06/06/30, (1-day SOFR +1.490%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 165 | 170435 |
| &nbsp;&nbsp;&nbsp; Riyad T1 Sukuk Ltd., 5.50%, , (5-year CMT + <br> 1.914%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 195448 |
| &nbsp;&nbsp;&nbsp; Riyad Tier 1 Sukuk Ltd., 4.00%, (5-year CMT + <br> 2.170%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 192292 |
| &nbsp;&nbsp;&nbsp; Rizal Commercial Banking Corp., 5.50%, <br> 01/18/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 203888 |
| Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp; 1.40%, 11/02/26 | &nbsp;&nbsp;&nbsp; 315 | 303851 |
| &nbsp;&nbsp;&nbsp; 2.05%, 01/21/27 | &nbsp;&nbsp;&nbsp; 240 | 232424 |
| &nbsp;&nbsp;&nbsp; 3.63%, 05/04/27 | &nbsp;&nbsp;&nbsp; 330 | 326229 |
| &nbsp;&nbsp;&nbsp; 4.24%, 08/03/27 | &nbsp;&nbsp;&nbsp; 430 | 429074 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/06/29, (1-day SOFR + 1.190%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $375 | $375244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.51%, 10/18/27, (1-day SOFR Index + <br> 0.720%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 195 | 194808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.52%, 10/18/28, (1-day SOFR Index + <br> 0.860%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 175 | 175032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 10/18/30, (1-day SOFR Index + <br> 1.080%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 615 | 614973 |
| &nbsp;&nbsp;&nbsp; 4.70%, 08/06/31, (1-day SOFR + 1.780%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 300259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.72%, 03/27/28, (1-day SOFR Index + <br> 0.810%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 350 | 351725 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/19/27 | &nbsp;&nbsp;&nbsp; 280 | 282139 |
| &nbsp;&nbsp;&nbsp; 4.90%, 01/12/28 | &nbsp;&nbsp;&nbsp; 274 | 277808 |
| &nbsp;&nbsp;&nbsp; 4.95%, 02/01/29 | &nbsp;&nbsp;&nbsp; 200 | 204250 |
| &nbsp;&nbsp;&nbsp; 4.97%, 01/24/29, (1-day SOFR + 0.830%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 505 | 510654 |
| &nbsp;&nbsp;&nbsp; 4.97%, 08/02/30, (1-day SOFR + 1.000%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 404998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 05/02/31, (1-day SOFR Index + <br> 1.130%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 330 | 334321 |
| &nbsp;&nbsp;&nbsp; 5.15%, 02/04/31, (1-day SOFR + 1.030%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 545 | 555558 |
| &nbsp;&nbsp;&nbsp; 5.20%, 08/01/28 | &nbsp;&nbsp;&nbsp; 345 | 353487 |
| &nbsp;&nbsp;&nbsp; 6.00%, 11/01/27 | &nbsp;&nbsp;&nbsp; 453 | 468339 |
| &nbsp;&nbsp;&nbsp; Saib Tier 1 Sukuk Ltd., 6.38%, , (5-year CMT + <br> 2.087%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 202143 |
| Santander Holdings USA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.49%, 01/06/28, (1-day SOFR + 1.249%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 366 | 354618 |
| &nbsp;&nbsp;&nbsp; 3.24%, 10/05/26 | &nbsp;&nbsp;&nbsp; 300 | 295069 |
| &nbsp;&nbsp;&nbsp; 4.40%, 07/13/27 | &nbsp;&nbsp;&nbsp; 375 | 374465 |
| &nbsp;&nbsp;&nbsp; 5.35%, 09/06/30, (1-day SOFR + 1.940%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 305 | 310449 |
| &nbsp;&nbsp;&nbsp; 5.47%, 03/20/29, (1-day SOFR + 1.610%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 205 | 208489 |
| &nbsp;&nbsp;&nbsp; 5.74%, 03/20/31, (1-day SOFR + 1.878%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 175 | 180013 |
| &nbsp;&nbsp;&nbsp; 6.17%, 01/09/30, (1-day SOFR + 2.500%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208415 |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/09/29, (1-day SOFR + 2.356%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 335 | 348856 |
| &nbsp;&nbsp;&nbsp; 6.57%, 06/12/29, (1-day SOFR + 2.700%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 215 | 224888 |
| Santander U.K. Group Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.47%, 01/11/28, (1-day SOFR + 1.220%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 365 | 353337 |
| &nbsp;&nbsp;&nbsp; 3.82%, 11/03/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 235 | 230121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.86%, 09/11/30, (1-day SOFR Index + <br> 1.554%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 295 | 295041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.69%, 04/15/31, (1-day SOFR Index + <br> 1.524%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 300 | 310300 |
| &nbsp;&nbsp;&nbsp; 6.53%, 01/10/29, (1-day SOFR + 2.600%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 500 | 520416 |
| Security Bank Corp., 5.50%, 05/14/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204977 |
| &nbsp;&nbsp;&nbsp; Shanghai Commercial Bank Ltd., 6.38%, 02/28/33, <br> (5-year CMT + 2.400%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 250 | 254997 |
| Shinhan Bank Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 1.38%, 10/21/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 192837 |
| &nbsp;&nbsp;&nbsp; 3.75%, 09/20/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195977 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/23/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194313 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/26/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 396686 |
| &nbsp;&nbsp;&nbsp; Siam Commercial Bank PCL/Cayman Islands, <br> 4.40%, 02/11/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 197784 |
| SIB Sukuk Co. III Ltd., 5.20%, 02/26/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202702 |
| Skandinaviska Enskilda Banken AB |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/05/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 195 | 197388 |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/05/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205365 |
| SNB Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.90%, 01/29/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194561 |
| &nbsp;&nbsp;&nbsp; 5.55%, 07/11/29, (1-day SOFR + 1.200%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200334 |
| SNB Sukuk Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.34%, 01/19/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 386452 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/27/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202544 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Societe Generale SA |  |  |
| &nbsp;&nbsp;&nbsp; 2.80%, 01/19/28, (1-year CMT + 1.300%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; $425 | $412884 |
| &nbsp;&nbsp;&nbsp; 3.00%, 01/22/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 365 | 338261 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/12/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 325 | 321805 |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/19/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 223513 |
| &nbsp;&nbsp;&nbsp; 4.68%, 06/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 375 | 376857 |
| &nbsp;&nbsp;&nbsp; 4.75%, 09/14/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 535 | 536598 |
| &nbsp;&nbsp;&nbsp; 5.25%, 02/19/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 270 | 271928 |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/22/29, (1-day SOFR + 1.420%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 404347 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/13/29, (1-year CMT + 1.200%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 304938 |
| &nbsp;&nbsp;&nbsp; 5.51%, 05/22/31, (1-day SOFR + 1.650%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 390 | 397784 |
| &nbsp;&nbsp;&nbsp; 5.52%, 01/19/28, (1-year CMT + 1.500%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201960 |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/19/30, (1-year CMT + 1.750%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204541 |
| &nbsp;&nbsp;&nbsp; 6.45%, 01/10/29, (1-year CMT + 2.550%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 495 | 513523 |
| &nbsp;&nbsp;&nbsp; Standard Chartered Bank/New York, 4.85%, <br> 12/03/27<br>| &nbsp;&nbsp;&nbsp; 250 | 252386 |
| Standard Chartered PLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.61%, 01/12/28, (1-year CMT + 1.180%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 555 | 539084 |
| &nbsp;&nbsp;&nbsp; 4.30%, 02/19/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198344 |
| &nbsp;&nbsp;&nbsp; 4.31%, 05/21/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 206591 |
| &nbsp;&nbsp;&nbsp; 4.64%, 04/01/31, (1-year CMT + 3.850%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 600 | 594259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 03/15/33, (5-year USD ICE Swap + <br> 1.970%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 100 | 99696 |
| &nbsp;&nbsp;&nbsp; 5.01%, 10/15/30, (1-year CMT + 1.150%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 505 | 510840 |
| &nbsp;&nbsp;&nbsp; 5.24%, 05/13/31, (1-year CMT + 1.350%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 405930 |
| &nbsp;&nbsp;&nbsp; 5.55%, 01/21/29, (1-year CMT + 1.050%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203999 |
| &nbsp;&nbsp;&nbsp; 5.69%, 05/14/28, (1-year CMT + 1.050%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 295 | 299977 |
| &nbsp;&nbsp;&nbsp; 6.30%, 01/09/29, (1-year CMT + 2.450%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 585 | 606556 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/08/28, (1-year CMT + 1.850%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205863 |
| &nbsp;&nbsp;&nbsp; 7.02%, 02/08/30, (1-year CMT + 2.200%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 214635 |
| &nbsp;&nbsp;&nbsp; 7.77%, 11/16/28, (1-year CMT + 3.450%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 245029 |
| State Bank of India/London |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/17/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201994 |
| &nbsp;&nbsp;&nbsp; 5.13%, 11/25/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203181 |
| State Street Bank & Trust Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.59%, 11/25/26 | &nbsp;&nbsp;&nbsp; 250 | 251141 |
| &nbsp;&nbsp;&nbsp; 4.78%, 11/23/29 | &nbsp;&nbsp;&nbsp; 255 | 259566 |
| State Street Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.68%, 11/18/27, (1-day SOFR + 0.560%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 210 | 202524 |
| &nbsp;&nbsp;&nbsp; 2.20%, 02/07/28, (1-day SOFR + 0.730%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 245 | 237160 |
| &nbsp;&nbsp;&nbsp; 2.40%, 01/24/30 | &nbsp;&nbsp;&nbsp; 225 | 208472 |
| &nbsp;&nbsp;&nbsp; 3.03%, 11/01/34, (1-day SOFR + 1.490%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 165 | 152460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.14%, 12/03/29, (3-mo. CME Term SOFR + <br> 1.292%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 150 | 148888 |
| &nbsp;&nbsp;&nbsp; 4.33%, 10/22/27 | &nbsp;&nbsp;&nbsp; 385 | 385649 |
| &nbsp;&nbsp;&nbsp; 4.53%, 02/20/29, (1-day SOFR + 1.018%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 325 | 326122 |
| &nbsp;&nbsp;&nbsp; 4.54%, 02/28/28 | &nbsp;&nbsp;&nbsp; 275 | 276953 |
| &nbsp;&nbsp;&nbsp; 4.54%, 04/24/28, (1-day SOFR + 0.950%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 90 | 90281 |
| &nbsp;&nbsp;&nbsp; 4.73%, 02/28/30 | &nbsp;&nbsp;&nbsp; 225 | 227216 |
| &nbsp;&nbsp;&nbsp; 4.83%, 04/24/30 | &nbsp;&nbsp;&nbsp; 225 | 228572 |
| &nbsp;&nbsp;&nbsp; 4.99%, 03/18/27 | &nbsp;&nbsp;&nbsp; 305 | 308465 |
| &nbsp;&nbsp;&nbsp; 5.27%, 08/03/26 | &nbsp;&nbsp;&nbsp; 360 | 362663 |
| &nbsp;&nbsp;&nbsp; 5.68%, 11/21/29, (1-day SOFR + 1.484%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 312083 |
| &nbsp;&nbsp;&nbsp; 5.82%, 11/04/28, (1-day SOFR + 1.715%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206163 |
| Sumitomo Mitsui Financial Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.40%, 09/17/26 | &nbsp;&nbsp;&nbsp; 755 | 729413 |
| &nbsp;&nbsp;&nbsp; 1.90%, 09/17/28 | &nbsp;&nbsp;&nbsp; 655 | 606134 |
| &nbsp;&nbsp;&nbsp; 2.13%, 07/08/30 | &nbsp;&nbsp;&nbsp; 500 | 444469 |
| &nbsp;&nbsp;&nbsp; 2.17%, 01/14/27 | &nbsp;&nbsp;&nbsp; 290 | 280852 |
| &nbsp;&nbsp;&nbsp; 2.47%, 01/14/29 | &nbsp;&nbsp;&nbsp; 200 | 187239 |
| &nbsp;&nbsp;&nbsp; 2.72%, 09/27/29 | &nbsp;&nbsp;&nbsp; 200 | 186800 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp;&nbsp; 2.75%, 01/15/30 | &nbsp;&nbsp;&nbsp; $425 | $393222 |
| &nbsp;&nbsp;&nbsp; 3.01%, 10/19/26 | &nbsp;&nbsp;&nbsp; 200 | 196582 |
| &nbsp;&nbsp;&nbsp; 3.04%, 07/16/29 | &nbsp;&nbsp;&nbsp; 690 | 652157 |
| &nbsp;&nbsp;&nbsp; 3.35%, 10/18/27 | &nbsp;&nbsp;&nbsp; 147 | 143800 |
| &nbsp;&nbsp;&nbsp; 3.36%, 07/12/27 | &nbsp;&nbsp;&nbsp; 680 | 668227 |
| &nbsp;&nbsp;&nbsp; 3.45%, 01/11/27 | &nbsp;&nbsp;&nbsp; 245 | 241781 |
| &nbsp;&nbsp;&nbsp; 3.54%, 01/17/28 | &nbsp;&nbsp;&nbsp; 140 | 137287 |
| &nbsp;&nbsp;&nbsp; 3.94%, 07/19/28 | &nbsp;&nbsp;&nbsp; 200 | 198021 |
| &nbsp;&nbsp;&nbsp; 4.31%, 10/16/28 | &nbsp;&nbsp;&nbsp; 255 | 254096 |
| &nbsp;&nbsp;&nbsp; 4.66%, 07/08/31, (1-day SOFR + 1.380%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199937 |
| &nbsp;&nbsp;&nbsp; 5.24%, 04/15/30 | &nbsp;&nbsp;&nbsp; 250 | 256425 |
| &nbsp;&nbsp;&nbsp; 5.32%, 07/09/29 | &nbsp;&nbsp;&nbsp; 200 | 205587 |
| &nbsp;&nbsp;&nbsp; 5.52%, 01/13/28 | &nbsp;&nbsp;&nbsp; 710 | 728831 |
| &nbsp;&nbsp;&nbsp; 5.71%, 01/13/30 | &nbsp;&nbsp;&nbsp; 400 | 417812 |
| &nbsp;&nbsp;&nbsp; 5.72%, 09/14/28 | &nbsp;&nbsp;&nbsp; 380 | 393667 |
| &nbsp;&nbsp;&nbsp; 5.80%, 07/13/28 | &nbsp;&nbsp;&nbsp; 200 | 207820 |
| Sumitomo Mitsui Trust Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 1.35%, 09/16/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 265617 |
| &nbsp;&nbsp;&nbsp; 2.80%, 03/10/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 195 | 189966 |
| &nbsp;&nbsp;&nbsp; 4.45%, 09/10/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199982 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/13/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200160 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/10/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199659 |
| &nbsp;&nbsp;&nbsp; 4.70%, 03/13/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 435 | 437444 |
| &nbsp;&nbsp;&nbsp; 4.95%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 215 | 216877 |
| &nbsp;&nbsp;&nbsp; 5.20%, 03/07/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 212495 |
| &nbsp;&nbsp;&nbsp; 5.20%, 03/07/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204424 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/09/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205122 |
| &nbsp;&nbsp;&nbsp; 5.55%, 09/14/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 175411 |
| &nbsp;&nbsp;&nbsp; 5.65%, 09/14/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202512 |
| Svenska Handelsbanken AB |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 06/10/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 265 | 263574 |
| &nbsp;&nbsp;&nbsp; 4.38%, 05/23/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 250927 |
| &nbsp;&nbsp;&nbsp; 5.13%, 05/28/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 253656 |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 290 | 298438 |
| Swedbank AB |  |  |
| &nbsp;&nbsp;&nbsp; 1.54%, 11/16/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 410 | 395870 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/20/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 220 | 224577 |
| &nbsp;&nbsp;&nbsp; 5.08%, 05/21/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203371 |
| &nbsp;&nbsp;&nbsp; 5.34%, 09/20/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 265 | 269434 |
| &nbsp;&nbsp;&nbsp; 5.41%, 03/14/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205424 |
| &nbsp;&nbsp;&nbsp; 6.14%, 09/12/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203541 |
| Synchrony Bank, 5.63%, 08/23/27 | &nbsp;&nbsp;&nbsp; 315 | 320379 |
| Synovus Bank, 5.63%, 02/15/28 | &nbsp;&nbsp;&nbsp; 220 | 222660 |
| &nbsp;&nbsp;&nbsp; Synovus Financial Corp., 6.17%, 11/01/30, (1-day <br> SOFR +2.347%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 100 | 102795 |
| TC Ziraat Bankasi AS |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/04/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201362 |
| &nbsp;&nbsp;&nbsp; 8.00%, 01/16/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 207463 |
| &nbsp;&nbsp;&nbsp; 8.99%, 08/02/34, (5-year CMT + 4.327%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208173 |
| &nbsp;&nbsp;&nbsp; 9.50%, 08/01/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208500 |
| Toronto-Dominion Bank (The) |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 09/10/26 | &nbsp;&nbsp;&nbsp; 505 | 487580 |
| &nbsp;&nbsp;&nbsp; 1.95%, 01/12/27 | &nbsp;&nbsp;&nbsp; 240 | 231932 |
| &nbsp;&nbsp;&nbsp; 2.80%, 03/10/27 | &nbsp;&nbsp;&nbsp; 444 | 433082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 09/15/31, (5-year USD Swap + <br> 2.205%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 230 | 226883 |
| &nbsp;&nbsp;&nbsp; 4.11%, 06/08/27 | &nbsp;&nbsp;&nbsp; 525 | 522667 |
| &nbsp;&nbsp;&nbsp; 4.57%, 12/17/26 | &nbsp;&nbsp;&nbsp; 450 | 450783 |
| &nbsp;&nbsp;&nbsp; 4.57%, 06/02/28 | &nbsp;&nbsp;&nbsp; 200 | 200907 |
| &nbsp;&nbsp;&nbsp; 4.69%, 09/15/27 | &nbsp;&nbsp;&nbsp; 520 | 523211 |
| &nbsp;&nbsp;&nbsp; 4.78%, 12/17/29 | &nbsp;&nbsp;&nbsp; 290 | 292800 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp;&nbsp; 4.81%, 06/03/30 | &nbsp;&nbsp;&nbsp; $220 | $221784 |
| &nbsp;&nbsp;&nbsp; 4.86%, 01/31/28 | &nbsp;&nbsp;&nbsp; 375 | 378761 |
| &nbsp;&nbsp;&nbsp; 4.98%, 04/05/27 | &nbsp;&nbsp;&nbsp; 250 | 252327 |
| &nbsp;&nbsp;&nbsp; 4.99%, 04/05/29 | &nbsp;&nbsp;&nbsp; 255 | 259608 |
| &nbsp;&nbsp;&nbsp; 5.15%, 09/10/34, (5-year CMT + 1.500%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 301598 |
| &nbsp;&nbsp;&nbsp; 5.16%, 01/10/28 | &nbsp;&nbsp;&nbsp; 410 | 417075 |
| &nbsp;&nbsp;&nbsp; 5.26%, 12/11/26 | &nbsp;&nbsp;&nbsp; 100 | 101084 |
| &nbsp;&nbsp;&nbsp; 5.52%, 07/17/28 | &nbsp;&nbsp;&nbsp; 315 | 324747 |
| Truist Bank |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 03/11/30 | &nbsp;&nbsp;&nbsp; 355 | 319065 |
| &nbsp;&nbsp;&nbsp; 4.42%, 07/24/28, (5-year CMT + 2.701%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 250 | 249642 |
| Truist Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.13%, 08/03/27 | &nbsp;&nbsp;&nbsp; 200 | 187755 |
| &nbsp;&nbsp;&nbsp; 1.89%, 06/07/29, (1-day SOFR + 0.862%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 315 | 293153 |
| &nbsp;&nbsp;&nbsp; 1.95%, 06/05/30 | &nbsp;&nbsp;&nbsp; 200 | 177486 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/19/29 | &nbsp;&nbsp;&nbsp; 130 | 126673 |
| &nbsp;&nbsp;&nbsp; 4.12%, 06/06/28, (1-day SOFR + 1.368%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 385 | 382923 |
| &nbsp;&nbsp;&nbsp; 4.87%, 01/26/29, (1-day SOFR + 1.435%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 560 | 565035 |
| &nbsp;&nbsp;&nbsp; 5.07%, 05/20/31, (1-day SOFR + 1.309%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 350 | 354844 |
| &nbsp;&nbsp;&nbsp; 5.44%, 01/24/30, (1-day SOFR + 1.620%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 610 | 627104 |
| &nbsp;&nbsp;&nbsp; 7.16%, 10/30/29, (1-day SOFR + 2.446%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 460 | 496339 |
| Turkiye Garanti Bankasi AS |  |  |
| &nbsp;&nbsp;&nbsp; 8.13%, 01/03/35, (5-year CMT + 3.836%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203352 |
| &nbsp;&nbsp;&nbsp; 8.38%, 02/28/34, (5-year CMT + 4.090%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205079 |
| Turkiye Is Bankasi AS, 7.75%, 06/12/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206742 |
| Turkiye Vakiflar Bankasi TAO |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/07/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199534 |
| &nbsp;&nbsp;&nbsp; 8.99%, 10/05/34, (5-year CMT + 4.669%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208145 |
| &nbsp;&nbsp;&nbsp; 9.00%, 10/12/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 213507 |
| U.S. Bancorp |  |  |
| &nbsp;&nbsp;&nbsp; 1.38%, 07/22/30 | &nbsp;&nbsp;&nbsp; 350 | 301959 |
| &nbsp;&nbsp;&nbsp; 2.22%, 01/27/28, (1-day SOFR + 0.730%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 475 | 459006 |
| &nbsp;&nbsp;&nbsp; 3.00%, 07/30/29 | &nbsp;&nbsp;&nbsp; 305 | 288024 |
| &nbsp;&nbsp;&nbsp; 3.90%, 04/26/28 | &nbsp;&nbsp;&nbsp; 80 | 79278 |
| &nbsp;&nbsp;&nbsp; 4.55%, 07/22/28, (1-day SOFR + 1.660%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 775 | 776212 |
| &nbsp;&nbsp;&nbsp; 4.65%, 02/01/29, (1-day SOFR + 1.230%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 515 | 517520 |
| &nbsp;&nbsp;&nbsp; 5.05%, 02/12/31, (1-day SOFR + 1.061%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 230 | 233464 |
| &nbsp;&nbsp;&nbsp; 5.08%, 05/15/31, (1-day SOFR + 1.296%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 407079 |
| &nbsp;&nbsp;&nbsp; 5.10%, 07/23/30, (1-day SOFR + 1.250%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 385 | 392877 |
| &nbsp;&nbsp;&nbsp; 5.38%, 01/23/30, (1-day SOFR + 1.560%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 410 | 420869 |
| &nbsp;&nbsp;&nbsp; 5.78%, 06/12/29, (1-day SOFR + 2.020%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 650 | 672572 |
| &nbsp;&nbsp;&nbsp; 6.79%, 10/26/27, (1-day SOFR + 1.880%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 185 | 189829 |
| &nbsp;&nbsp;&nbsp; Series X, 3.15%, 04/27/27 | &nbsp;&nbsp;&nbsp; 385 | 377677 |
| &nbsp;&nbsp;&nbsp; U.S. Bank NA/Cincinnati OH, 4.51%, 10/22/27, <br> (1-day SOFR + 0.690%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 490 | 489638 |
| UBS AG/London, 5.65%, 09/11/28 | &nbsp;&nbsp;&nbsp; 235 | 243839 |
| UBS AG/Stamford CT |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 08/07/26 | &nbsp;&nbsp;&nbsp; 547 | 530050 |
| &nbsp;&nbsp;&nbsp; 4.86%, 01/10/28, (1-day SOFR + 0.720%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400 | 402352 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/09/27 | &nbsp;&nbsp;&nbsp; 420 | 425000 |
| &nbsp;&nbsp;&nbsp; 7.50%, 02/15/28 | &nbsp;&nbsp;&nbsp; 905 | 972327 |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp; 1.49%, 08/10/27, (1-year CMT + 0.850%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 615 | 595539 |
| &nbsp;&nbsp;&nbsp; 3.13%, 08/13/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 420 | 396343 |
| &nbsp;&nbsp;&nbsp; 3.87%, 01/12/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 715 | 703308 |
| &nbsp;&nbsp;&nbsp; 4.19%, 04/01/31, (1-day SOFR + 3.730%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 900 | 879830 |
| &nbsp;&nbsp;&nbsp; 4.25%, 03/23/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 510 | 505891 |
| &nbsp;&nbsp;&nbsp; 4.28%, 01/09/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 705 | 700402 |
| &nbsp;&nbsp;&nbsp; 4.70%, 08/05/27, (1-year CMT + 2.050%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 545 | 545054 |
| &nbsp;&nbsp;&nbsp; 4.75%, 05/12/28, (1-year CMT + 1.750%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 380 | 381077 |
| &nbsp;&nbsp;&nbsp; 5.43%, 02/08/30, (1-year CMT + 1.520%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 915 | 937892 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.62%, 09/13/30, (1-year USD ICE Swap + <br> 1.340%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; $420 | $434977 |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/22/29, (1-year CMT + 1.800%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 460 | 481812 |
| &nbsp;&nbsp;&nbsp; 6.33%, 12/22/27, (1-year CMT + 1.600%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 390 | 399301 |
| &nbsp;&nbsp;&nbsp; 6.44%, 08/11/28, (1-day SOFR + 3.700%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 545 | 564157 |
| UniCredit SpA |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/12/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 70 | 69844 |
| &nbsp;&nbsp;&nbsp; 5.46%, 06/30/35, (5-year CMT + 4.750%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 347710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.86%, 06/19/32, (5-year USD ICE Swap + <br> 3.703%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 330 | 332553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.30%, 04/02/34, (5-year USD ICE Swap + <br> 4.914%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 350 | 371139 |
| United Overseas Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 10/14/31, (5-year CMT + 1.230%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193645 |
| &nbsp;&nbsp;&nbsp; 3.86%, 10/07/32, (5-year CMT + 1.450%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196628 |
| Wachovia Corp., 7.57%, 08/01/26<sup>(h)</sup> | &nbsp;&nbsp;&nbsp; 100 | 102745 |
| Warba Sukuk Ltd., 5.35%, 07/10/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203148 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp; 2.39%, 06/02/28, (1-day SOFR + 2.100%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 970 | 933807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.57%, 02/11/31, (3-mo. CME Term SOFR + <br> 1.262%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 930 | 853061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 10/30/30, (3-mo. CME Term SOFR + <br> 1.432%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 1075 | 1004244 |
| &nbsp;&nbsp;&nbsp; 3.00%, 10/23/26 | &nbsp;&nbsp;&nbsp; 1130 | 1110992 |
| &nbsp;&nbsp;&nbsp; 3.53%, 03/24/28, (1-day SOFR + 1.510%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1225 | 1205650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.58%, 05/22/28, (3-mo. CME Term SOFR + <br> 1.572%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 870 | 855508 |
| &nbsp;&nbsp;&nbsp; 4.15%, 01/24/29 | &nbsp;&nbsp;&nbsp; 800 | 792920 |
| &nbsp;&nbsp;&nbsp; 4.30%, 07/22/27 | &nbsp;&nbsp;&nbsp; 710 | 708625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.48%, 04/04/31, (3-mo. CME Term SOFR + <br> 4.032%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 750 | 744974 |
| &nbsp;&nbsp;&nbsp; 4.81%, 07/25/28, (1-day SOFR + 1.980%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 924 | 928941 |
| &nbsp;&nbsp;&nbsp; 4.97%, 04/23/29, (1-day SOFR + 1.370%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 910 | 920215 |
| &nbsp;&nbsp;&nbsp; 5.15%, 04/23/31, (1-day SOFR + 1.500%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1365 | 1392697 |
| &nbsp;&nbsp;&nbsp; 5.20%, 01/23/30, (1-day SOFR + 1.500%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 855 | 872567 |
| &nbsp;&nbsp;&nbsp; 5.24%, 01/24/31, (1-day SOFR + 1.110%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 920 | 941805 |
| &nbsp;&nbsp;&nbsp; 5.57%, 07/25/29, (1-day SOFR + 1.740%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1310 | 1348729 |
| &nbsp;&nbsp;&nbsp; 5.71%, 04/22/28, (1-day SOFR +1.070%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1020 | 1039818 |
| &nbsp;&nbsp;&nbsp; 6.30%, 10/23/29, (1-day SOFR + 1.790%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 850 | 894326 |
| &nbsp;&nbsp;&nbsp; Series B, 7.95%, 11/15/29 | &nbsp;&nbsp;&nbsp; 90 | 99890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series W, 4.90%, 01/24/28, (1-day SOFR + <br> 0.780%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 760 | 763899 |
| Wells Fargo Bank NA |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/11/26 | &nbsp;&nbsp;&nbsp; 500 | 505781 |
| &nbsp;&nbsp;&nbsp; 5.45%, 08/07/26 | &nbsp;&nbsp;&nbsp; 670 | 676667 |
| Westpac Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.95%, 11/20/28 | &nbsp;&nbsp;&nbsp; 400 | 371927 |
| &nbsp;&nbsp;&nbsp; 2.65%, 01/16/30 | &nbsp;&nbsp;&nbsp; 200 | 186762 |
| &nbsp;&nbsp;&nbsp; 2.70%, 08/19/26 | &nbsp;&nbsp;&nbsp; 290 | 285173 |
| &nbsp;&nbsp;&nbsp; 3.35%, 03/08/27 | &nbsp;&nbsp;&nbsp; 345 | 340312 |
| &nbsp;&nbsp;&nbsp; 3.40%, 01/25/28 | &nbsp;&nbsp;&nbsp; 335 | 329121 |
| &nbsp;&nbsp;&nbsp; 4.04%, 08/26/27 | &nbsp;&nbsp;&nbsp; 345 | 343929 |
| &nbsp;&nbsp;&nbsp; 4.11%, 07/24/34, (5-year CMT + 2.000%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 350 | 338399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.32%, 11/23/31, (5-year USD ICE Swap + <br> 2.236%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 470 | 466098 |
| &nbsp;&nbsp;&nbsp; 4.35%, 07/01/30 | &nbsp;&nbsp;&nbsp; 275 | 274858 |
| &nbsp;&nbsp;&nbsp; 4.60%, 10/20/26 | &nbsp;&nbsp;&nbsp; 150 | 150543 |
| &nbsp;&nbsp;&nbsp; 5.05%, 04/16/29 | &nbsp;&nbsp;&nbsp; 255 | 261659 |
| &nbsp;&nbsp;&nbsp; 5.46%, 11/18/27 | &nbsp;&nbsp;&nbsp; 392 | 402223 |
| &nbsp;&nbsp;&nbsp; 5.54%, 11/17/28 | &nbsp;&nbsp;&nbsp; 325 | 337971 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Westpac New Zealand Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.90%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $205 | $207046 |
| &nbsp;&nbsp;&nbsp; 4.94%, 02/27/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202856 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/26/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201944 |
| &nbsp;&nbsp;&nbsp; 5.20%, 02/28/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204193 |
| Wintrust Financial Corp., 4.85%, 06/06/29 | &nbsp;&nbsp;&nbsp; 55 | 53957 |
| Woori Bank |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 01/20/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193206 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/24/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201513 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/26/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202112 |
| &nbsp;&nbsp;&nbsp; 6.38%, (5-year CMT + 2.277%)<sup>(a)(d)(g)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203987 |
| Yapi ve Kredi Bankasi A/S |  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 10/10/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201570 |
| &nbsp;&nbsp;&nbsp; 9.25%, 10/16/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 215097 |
| &nbsp;&nbsp;&nbsp; 9.25%, 01/17/34, (5-year CMT + 5.278%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 420446 |
|  |  | 396415874 |
| **Beverages — 0.3%** | **Beverages — 0.3%** | **Beverages — 0.3%** |
| &nbsp;&nbsp;&nbsp; Anadolu Efes Biracilik Ve Malt Sanayii A/S, 3.38%, <br> 06/29/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 182037 |
| Anheuser-Busch InBev Worldwide Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 06/01/30 | &nbsp;&nbsp;&nbsp; 500 | 480803 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/23/29 | &nbsp;&nbsp;&nbsp; 652 | 661534 |
| Bacardi Ltd., 4.70%, 05/15/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200733 |
| Bacardi Ltd./Bacardi-Martini BV, 5.25%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 152177 |
| Bacardi-Martini BV, 5.55%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 195210 |
| &nbsp;&nbsp;&nbsp; Central American Bottling Corp./CBC Bottling <br> Holdco SL/Beliv Holdco SL, 5.25%, 04/27/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 300 | 290955 |
| Coca-Cola Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 1.00%, 03/15/28 | &nbsp;&nbsp;&nbsp; 334 | 308871 |
| &nbsp;&nbsp;&nbsp; 1.45%, 06/01/27 | &nbsp;&nbsp;&nbsp; 560 | 534030 |
| &nbsp;&nbsp;&nbsp; 1.50%, 03/05/28 | &nbsp;&nbsp;&nbsp; 90 | 84513 |
| &nbsp;&nbsp;&nbsp; 1.65%, 06/01/30 | &nbsp;&nbsp;&nbsp; 450 | 398304 |
| &nbsp;&nbsp;&nbsp; 2.13%, 09/06/29 | &nbsp;&nbsp;&nbsp; 310 | 286447 |
| &nbsp;&nbsp;&nbsp; 2.90%, 05/25/27 | &nbsp;&nbsp;&nbsp; 130 | 127347 |
| &nbsp;&nbsp;&nbsp; 3.38%, 03/25/27 | &nbsp;&nbsp;&nbsp; 370 | 365899 |
| &nbsp;&nbsp;&nbsp; 3.45%, 03/25/30 | &nbsp;&nbsp;&nbsp; 350 | 337720 |
| Coca-Cola Consolidated Inc., 5.25%, 06/01/29 | &nbsp;&nbsp;&nbsp; 160 | 164012 |
| &nbsp;&nbsp;&nbsp; Coca-Cola Europacific Partners PLC, 1.50%, <br> 01/15/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 205 | 196294 |
| Coca-Cola Femsa SAB de CV, 2.75%, 01/22/30 | &nbsp;&nbsp;&nbsp; 250 | 232202 |
| Coca-Cola Icecek A/S, 4.50%, 01/20/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195398 |
| Constellation Brands Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 05/01/30 | &nbsp;&nbsp;&nbsp; 150 | 138617 |
| &nbsp;&nbsp;&nbsp; 3.15%, 08/01/29 | &nbsp;&nbsp;&nbsp; 265 | 251372 |
| &nbsp;&nbsp;&nbsp; 3.50%, 05/09/27 | &nbsp;&nbsp;&nbsp; 215 | 211451 |
| &nbsp;&nbsp;&nbsp; 3.60%, 02/15/28 | &nbsp;&nbsp;&nbsp; 280 | 274429 |
| &nbsp;&nbsp;&nbsp; 3.70%, 12/06/26 | &nbsp;&nbsp;&nbsp; 55 | 54420 |
| &nbsp;&nbsp;&nbsp; 4.35%, 05/09/27 | &nbsp;&nbsp;&nbsp; 249 | 248227 |
| &nbsp;&nbsp;&nbsp; 4.65%, 11/15/28 | &nbsp;&nbsp;&nbsp; 100 | 100402 |
| &nbsp;&nbsp;&nbsp; 4.80%, 01/15/29 | &nbsp;&nbsp;&nbsp; 185 | 186469 |
| &nbsp;&nbsp;&nbsp; 4.80%, 05/01/30 | &nbsp;&nbsp;&nbsp; 75 | 75339 |
| Diageo Capital PLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 04/29/30 | &nbsp;&nbsp;&nbsp; 300 | 269254 |
| &nbsp;&nbsp;&nbsp; 2.38%, 10/24/29 | &nbsp;&nbsp;&nbsp; 300 | 277620 |
| &nbsp;&nbsp;&nbsp; 3.88%, 05/18/28 | &nbsp;&nbsp;&nbsp; 125 | 123897 |
| &nbsp;&nbsp;&nbsp; 5.30%, 10/24/27 | &nbsp;&nbsp;&nbsp; 305 | 311248 |
| &nbsp;&nbsp;&nbsp; 5.38%, 10/05/26 | &nbsp;&nbsp;&nbsp; 210 | 212137 |
| Heineken NV, 3.50%, 01/29/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 375 | 367279 |
| JDE Peet's NV, 1.38%, 01/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 265 | 251982 |
| Keurig Dr Pepper Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.55%, 09/15/26 | &nbsp;&nbsp;&nbsp; 170 | 166477 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond 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; 3.20%, 05/01/30 | &nbsp;&nbsp;&nbsp; $200 | $187766 |
| &nbsp;&nbsp;&nbsp; 3.43%, 06/15/27 | &nbsp;&nbsp;&nbsp; 125 | 122750 |
| &nbsp;&nbsp;&nbsp; 3.95%, 04/15/29 | &nbsp;&nbsp;&nbsp; 290 | 284371 |
| &nbsp;&nbsp;&nbsp; 4.35%, 05/15/28 | &nbsp;&nbsp;&nbsp; 100 | 99793 |
| &nbsp;&nbsp;&nbsp; 4.60%, 05/25/28 | &nbsp;&nbsp;&nbsp; 450 | 451923 |
| &nbsp;&nbsp;&nbsp; 4.60%, 05/15/30 | &nbsp;&nbsp;&nbsp; 100 | 99970 |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/15/29 | &nbsp;&nbsp;&nbsp; 190 | 193275 |
| &nbsp;&nbsp;&nbsp; 5.10%, 03/15/27 | &nbsp;&nbsp;&nbsp; 125 | 126195 |
| PepsiCo Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.63%, 05/01/30 | &nbsp;&nbsp;&nbsp; 300 | 265326 |
| &nbsp;&nbsp;&nbsp; 2.38%, 10/06/26 | &nbsp;&nbsp;&nbsp; 70 | 68530 |
| &nbsp;&nbsp;&nbsp; 2.63%, 03/19/27 | &nbsp;&nbsp;&nbsp; 30 | 29259 |
| &nbsp;&nbsp;&nbsp; 2.63%, 07/29/29 | &nbsp;&nbsp;&nbsp; 300 | 282382 |
| &nbsp;&nbsp;&nbsp; 2.75%, 03/19/30 | &nbsp;&nbsp;&nbsp; 440 | 410555 |
| &nbsp;&nbsp;&nbsp; 3.00%, 10/15/27 | &nbsp;&nbsp;&nbsp; 415 | 405126 |
| &nbsp;&nbsp;&nbsp; 3.60%, 02/18/28 | &nbsp;&nbsp;&nbsp; 310 | 306368 |
| &nbsp;&nbsp;&nbsp; 4.10%, 01/15/29 | &nbsp;&nbsp;&nbsp; 175 | 174207 |
| &nbsp;&nbsp;&nbsp; 4.30%, 07/23/30 | &nbsp;&nbsp;&nbsp; 110 | 109521 |
| &nbsp;&nbsp;&nbsp; 4.40%, 02/07/27 | &nbsp;&nbsp;&nbsp; 175 | 175639 |
| &nbsp;&nbsp;&nbsp; 4.45%, 02/07/28 | &nbsp;&nbsp;&nbsp; 175 | 176428 |
| &nbsp;&nbsp;&nbsp; 4.45%, 05/15/28 | &nbsp;&nbsp;&nbsp; 245 | 247404 |
| &nbsp;&nbsp;&nbsp; 4.50%, 07/17/29 | &nbsp;&nbsp;&nbsp; 255 | 257633 |
| &nbsp;&nbsp;&nbsp; 4.60%, 02/07/30 | &nbsp;&nbsp;&nbsp; 300 | 304215 |
| &nbsp;&nbsp;&nbsp; 5.13%, 11/10/26 | &nbsp;&nbsp;&nbsp; 245 | 247534 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/01/29 | &nbsp;&nbsp;&nbsp; 145 | 158141 |
| Pepsico Singapore Financing I Pte Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.55%, 02/16/29 | &nbsp;&nbsp;&nbsp; 180 | 181600 |
| &nbsp;&nbsp;&nbsp; 4.65%, 02/16/27 | &nbsp;&nbsp;&nbsp; 165 | 166173 |
| &nbsp;&nbsp;&nbsp; Pernod Ricard International Finance LLC, 1.25%, <br> 04/01/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 150 | 138003 |
| &nbsp;&nbsp;&nbsp; Primo Water Holdings Inc./Triton Water <br> Holdings Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/30/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 221449 |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 235 | 235537 |
| Suntory Holdings Ltd., 5.12%, 06/11/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 208659 |
|  |  | 15250838 |
| **Biotechnology — 0.2%** | **Biotechnology — 0.2%** | **Biotechnology — 0.2%** |
| Amgen Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.65%, 08/15/28 | &nbsp;&nbsp;&nbsp; 445 | 410817 |
| &nbsp;&nbsp;&nbsp; 2.20%, 02/21/27 | &nbsp;&nbsp;&nbsp; 580 | 561008 |
| &nbsp;&nbsp;&nbsp; 2.45%, 02/21/30 | &nbsp;&nbsp;&nbsp; 380 | 347237 |
| &nbsp;&nbsp;&nbsp; 2.60%, 08/19/26 | &nbsp;&nbsp;&nbsp; 337 | 330671 |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/22/29 | &nbsp;&nbsp;&nbsp; 500 | 476395 |
| &nbsp;&nbsp;&nbsp; 3.20%, 11/02/27 | &nbsp;&nbsp;&nbsp; 165 | 160794 |
| &nbsp;&nbsp;&nbsp; 4.05%, 08/18/29 | &nbsp;&nbsp;&nbsp; 385 | 379193 |
| &nbsp;&nbsp;&nbsp; 5.15%, 03/02/28 | &nbsp;&nbsp;&nbsp; 1175 | 1196501 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/02/30 | &nbsp;&nbsp;&nbsp; 830 | 853159 |
| Biocon Biologics Global PLC, 6.67%, 10/09/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 188534 |
| Biogen Inc., 2.25%, 05/01/30 | &nbsp;&nbsp;&nbsp; 450 | 403534 |
| Bio-Rad Laboratories Inc., 3.30%, 03/15/27 | &nbsp;&nbsp;&nbsp; 190 | 186054 |
| CSL Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.85%, 04/27/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 195 | 193238 |
| &nbsp;&nbsp;&nbsp; 4.05%, 04/27/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 5 | 4949 |
| Emergent BioSolutions Inc., 3.88%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 100354 |
| Gilead Sciences Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.20%, 10/01/27 | &nbsp;&nbsp;&nbsp; 255 | 238780 |
| &nbsp;&nbsp;&nbsp; 2.95%, 03/01/27 | &nbsp;&nbsp;&nbsp; 480 | 470340 |
| &nbsp;&nbsp;&nbsp; 4.80%, 11/15/29 | &nbsp;&nbsp;&nbsp; 185 | 187882 |
| Illumina Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 09/09/26 | &nbsp;&nbsp;&nbsp; 100 | 99982 |
| &nbsp;&nbsp;&nbsp; 5.75%, 12/13/27 | &nbsp;&nbsp;&nbsp; 130 | 132864 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Biotechnology (continued)** | **Biotechnology (continued)** | **Biotechnology (continued)** |
| Royalty Pharma PLC |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 09/02/27 | &nbsp;&nbsp;&nbsp; $217 | $205354 |
| &nbsp;&nbsp;&nbsp; 5.15%, 09/02/29 | &nbsp;&nbsp;&nbsp; 170 | 173049 |
|  |  | 7300689 |
| **Building Materials — 0.2%** | **Building Materials — 0.2%** | **Building Materials — 0.2%** |
| ACProducts Holdings Inc., 6.38%, 05/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 74581 |
| &nbsp;&nbsp;&nbsp; AmeriTex HoldCo Intermediate LLC, 10.25%, <br> 10/15/28<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 190 | 201726 |
| Amrize Finance US LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 04/07/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200047 |
| &nbsp;&nbsp;&nbsp; 4.70%, 04/07/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 50 | 50253 |
| &nbsp;&nbsp;&nbsp; 4.95%, 04/07/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 303159 |
| Boise Cascade Co., 4.88%, 07/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 116483 |
| Builders FirstSource Inc., 5.00%, 03/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 156763 |
| &nbsp;&nbsp;&nbsp; Camelot Return Merger Sub Inc., 8.75%, <br> 08/01/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 210 | 193101 |
| Carrier Global Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.49%, 02/15/27 | &nbsp;&nbsp;&nbsp; 380 | 369671 |
| &nbsp;&nbsp;&nbsp; 2.72%, 02/15/30 | &nbsp;&nbsp;&nbsp; 620 | 575213 |
| &nbsp;&nbsp;&nbsp; Cemex SAB De CV, 5.13%, (5-year CMT + <br> 4.534%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 600 | 593505 |
| Cornerstone Building Brands Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 95 | 69844 |
| &nbsp;&nbsp;&nbsp; 9.50%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 137732 |
| CP Atlas Buyer Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 9.75%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 146338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.75%, 01/15/31, (7.00 % in Cash and 5.75 % in <br> PIK)<sup>(b)(c)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 150 | 142434 |
| CRH America Finance Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.40%, 05/09/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 205929 |
| &nbsp;&nbsp;&nbsp; 3.95%, 04/04/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 227394 |
| CRH SMW Finance DAC |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/09/30 | &nbsp;&nbsp;&nbsp; 400 | 408092 |
| &nbsp;&nbsp;&nbsp; 5.20%, 05/21/29 | &nbsp;&nbsp;&nbsp; 200 | 205055 |
| Fortune Brands Innovations Inc., 3.25%, 09/15/29 | &nbsp;&nbsp;&nbsp; 180 | 170315 |
| Griffon Corp., 5.75%, 03/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 295 | 293460 |
| &nbsp;&nbsp;&nbsp; James Hardie International Finance DAC, 5.00%, <br> 01/15/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 70 | 69412 |
| Jeld-Wen Inc., 4.88%, 12/15/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 120 | 113787 |
| &nbsp;&nbsp;&nbsp; Johnson Controls International PLC/Tyco Fire & <br> Security Finance SCA, 5.50%, 04/19/29<br>| &nbsp;&nbsp;&nbsp; 205 | 212182 |
| &nbsp;&nbsp;&nbsp; Knowledge City Guangzhou Investment Group Co. <br> Ltd., 5.40%, 03/11/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 201344 |
| Lennox International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.70%, 08/01/27 | &nbsp;&nbsp;&nbsp; 160 | 151450 |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/15/28 | &nbsp;&nbsp;&nbsp; 205 | 210516 |
| &nbsp;&nbsp;&nbsp; Limak Cimento Sanayi ve Ticaret AS, 9.75%, <br> 07/25/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 204839 |
| Louisiana-Pacific Corp., 3.63%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 105 | 100006 |
| Martin Marietta Materials Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.45%, 06/01/27 | &nbsp;&nbsp;&nbsp; 10 | 9813 |
| &nbsp;&nbsp;&nbsp; 3.50%, 12/15/27 | &nbsp;&nbsp;&nbsp; 230 | 225031 |
| &nbsp;&nbsp;&nbsp; Series CB, 2.50%, 03/15/30 | &nbsp;&nbsp;&nbsp; 150 | 137357 |
| Masco Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.50%, 02/15/28 | &nbsp;&nbsp;&nbsp; 210 | 194545 |
| &nbsp;&nbsp;&nbsp; 3.50%, 11/15/27 | &nbsp;&nbsp;&nbsp; 50 | 48830 |
| &nbsp;&nbsp;&nbsp; MIWD Holdco II LLC/MIWD Finance Corp., 5.50%, <br> 02/01/30<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 150 | 143144 |
| Mohawk Industries Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 05/15/30 | &nbsp;&nbsp;&nbsp; 155 | 148221 |
| &nbsp;&nbsp;&nbsp; 5.85%, 09/18/28 | &nbsp;&nbsp;&nbsp; 220 | 228174 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Building Materials (continued)** | **Building Materials (continued)** | **Building Materials (continued)** |
| New Enterprise Stone & Lime Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $205 | $203549 |
| &nbsp;&nbsp;&nbsp; 9.75%, 07/15/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 80 | 80265 |
| &nbsp;&nbsp;&nbsp; Oscar AcquisitionCo LLC/Oscar Finance Inc., <br> 9.50%, 04/15/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 180 | 137100 |
| Owens Corning |  |  |
| &nbsp;&nbsp;&nbsp; 3.40%, 08/15/26 | &nbsp;&nbsp;&nbsp; 185 | 182929 |
| &nbsp;&nbsp;&nbsp; 3.50%, 02/15/30 | &nbsp;&nbsp;&nbsp; 105 | 100173 |
| &nbsp;&nbsp;&nbsp; 3.88%, 06/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 100 | 96426 |
| &nbsp;&nbsp;&nbsp; 3.95%, 08/15/29 | &nbsp;&nbsp;&nbsp; 105 | 102577 |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/15/27 | &nbsp;&nbsp;&nbsp; 85 | 86453 |
| Sisecam U.K. PLC, 8.25%, 05/02/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205073 |
| &nbsp;&nbsp;&nbsp; Smyrna Ready Mix Concrete LLC, 6.00%, <br> 11/01/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 325 | 323977 |
| Standard Industries Inc./New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 475 | 449738 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 330 | 325962 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 270 | 269998 |
| &nbsp;&nbsp;&nbsp; Trane Technologies Financing Ltd., 3.80%, <br> 03/21/29<br>| &nbsp;&nbsp;&nbsp; 170 | 166647 |
| &nbsp;&nbsp;&nbsp; Trane Technologies Global Holding Co. Ltd., 3.75%, <br> 08/21/28<br>| &nbsp;&nbsp;&nbsp; 180 | 177335 |
| Vulcan Materials Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 06/01/30 | &nbsp;&nbsp;&nbsp; 200 | 190296 |
| &nbsp;&nbsp;&nbsp; 3.90%, 04/01/27 | &nbsp;&nbsp;&nbsp; 85 | 84283 |
| &nbsp;&nbsp;&nbsp; 4.95%, 12/01/29 | &nbsp;&nbsp;&nbsp; 160 | 162423 |
|  |  | 10584950 |
| **Chemicals — 0.5%** | **Chemicals — 0.5%** | **Chemicals — 0.5%** |
| Air Liquide Finance SA, 2.25%, 09/10/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 194500 |
| Air Products and Chemicals Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.85%, 05/15/27 | &nbsp;&nbsp;&nbsp; 40 | 38379 |
| &nbsp;&nbsp;&nbsp; 2.05%, 05/15/30 | &nbsp;&nbsp;&nbsp; 270 | 242860 |
| &nbsp;&nbsp;&nbsp; 4.30%, 06/11/28 | &nbsp;&nbsp;&nbsp; 100 | 100058 |
| &nbsp;&nbsp;&nbsp; 4.60%, 02/08/29 | &nbsp;&nbsp;&nbsp; 422 | 425917 |
| Albemarle Corp., 4.65%, 06/01/27 | &nbsp;&nbsp;&nbsp; 265 | 263143 |
| Alpek SAB de CV, 4.25%, 09/18/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 187467 |
| ASP Unifrax Holdings Inc., 5.25%, 09/30/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 2 | 693 |
| Axalta Coating Systems LLC, 3.38%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 245 | 229521 |
| &nbsp;&nbsp;&nbsp; Axalta Coating Systems LLC/Axalta Coating <br> Systems Dutch Holding B BV, 4.75%, 06/15/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 150 | 148694 |
| Bayport Polymers LLC, 4.74%, 04/14/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 55 | 54810 |
| Braskem Idesa SAPI, 7.45%, 11/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 141749 |
| Braskem Netherlands Finance BV |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/10/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 305376 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/31/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 283954 |
| Cabot Corp., 4.00%, 07/01/29 | &nbsp;&nbsp;&nbsp; 65 | 63580 |
| Celanese U.S. Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 1.40%, 08/05/26 | &nbsp;&nbsp;&nbsp; 115 | 110809 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/15/30 | &nbsp;&nbsp;&nbsp; 225 | 227652 |
| &nbsp;&nbsp;&nbsp; 6.67%, 07/15/27 | &nbsp;&nbsp;&nbsp; 399 | 409342 |
| &nbsp;&nbsp;&nbsp; 6.83%, 07/15/29 | &nbsp;&nbsp;&nbsp; 205 | 212857 |
| &nbsp;&nbsp;&nbsp; 6.85%, 11/15/28 | &nbsp;&nbsp;&nbsp; 385 | 401040 |
| CF Industries Inc., 4.50%, 12/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 159831 |
| Chemours Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 152534 |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/15/27 | &nbsp;&nbsp;&nbsp; 190 | 186030 |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 255 | 236114 |
| &nbsp;&nbsp;&nbsp; Chevron Phillips Chemical Co. LLC/Chevron Phillips <br> Chemical Co. LP<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.40%, 12/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 314 | 309764 |
| &nbsp;&nbsp;&nbsp; 3.70%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 25 | 24517 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| &nbsp;&nbsp;&nbsp; 4.75%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $125 | $126014 |
| CNAC HK Finbridge Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 06/19/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193816 |
| &nbsp;&nbsp;&nbsp; 4.13%, 07/19/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 593485 |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/14/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 605976 |
| &nbsp;&nbsp;&nbsp; Consolidated Energy Finance SA, 5.63%, <br> 10/15/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 170 | 141743 |
| &nbsp;&nbsp;&nbsp; CVR Partners LP/CVR Nitrogen Finance Corp., <br> 6.13%, 06/15/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 184 | 182950 |
| Dow Chemical Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.80%, 11/30/28 | &nbsp;&nbsp;&nbsp; 160 | 160607 |
| &nbsp;&nbsp;&nbsp; 7.38%, 11/01/29 | &nbsp;&nbsp;&nbsp; 196 | 214886 |
| DuPont de Nemours Inc., 4.73%, 11/15/28 | &nbsp;&nbsp;&nbsp; 535 | 541310 |
| Eastman Chemical Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 12/01/28 | &nbsp;&nbsp;&nbsp; 145 | 144784 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/29 | &nbsp;&nbsp;&nbsp; 240 | 242741 |
| Ecolab Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.65%, 02/01/27 | &nbsp;&nbsp;&nbsp; 365 | 351092 |
| &nbsp;&nbsp;&nbsp; 2.70%, 11/01/26 | &nbsp;&nbsp;&nbsp; 30 | 29410 |
| &nbsp;&nbsp;&nbsp; 3.25%, 12/01/27 | &nbsp;&nbsp;&nbsp; 25 | 24428 |
| &nbsp;&nbsp;&nbsp; 4.30%, 06/15/28 | &nbsp;&nbsp;&nbsp; 30 | 30054 |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/24/30 | &nbsp;&nbsp;&nbsp; 240 | 243967 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/15/28 | &nbsp;&nbsp;&nbsp; 355 | 363884 |
| Element Solutions Inc., 3.88%, 09/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 264883 |
| FMC Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.20%, 10/01/26 | &nbsp;&nbsp;&nbsp; 25 | 24554 |
| &nbsp;&nbsp;&nbsp; 3.45%, 10/01/29 | &nbsp;&nbsp;&nbsp; 155 | 144360 |
| GPD Companies Inc., 12.50%, 12/31/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 102 | 88361 |
| &nbsp;&nbsp;&nbsp; Hanwha Totalenergies Petrochemical Co. Ltd., <br> 5.50%, 07/18/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 201110 |
| HB Fuller Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/15/27 | &nbsp;&nbsp;&nbsp; 85 | 83442 |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/15/28 | &nbsp;&nbsp;&nbsp; 90 | 86877 |
| Herens Holdco SARL, 4.75%, 05/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 104618 |
| Huntsman International LLC, 4.50%, 05/01/29 | &nbsp;&nbsp;&nbsp; 220 | 209161 |
| &nbsp;&nbsp;&nbsp; Illuminate Buyer LLC/Illuminate Holdings IV Inc., <br> 9.00%, 07/01/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 155 | 155549 |
| INEOS Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 147714 |
| &nbsp;&nbsp;&nbsp; 7.50%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199290 |
| INEOS Quattro Finance 2 PLC, 9.63%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 132255 |
| Ingevity Corp., 3.88%, 11/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 171036 |
| Innophos Holdings Inc., 11.50%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 151 | 152640 |
| International Flavors & Fragrances Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.83%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 290 | 272620 |
| &nbsp;&nbsp;&nbsp; 4.45%, 09/26/28 | &nbsp;&nbsp;&nbsp; 70 | 69632 |
| &nbsp;&nbsp;&nbsp; Kobe U.S. Midco 2 Inc., 9.25%, 11/01/26, (10.00% <br> PIK)<sup>(b)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 71 | 63334 |
| Kraton Corp., 5.00%, 07/15/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201953 |
| LYB Finance Co. BV, 8.10%, 03/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 91 | 95541 |
| LYB International Finance II BV, 3.50%, 03/02/27 | &nbsp;&nbsp;&nbsp; 235 | 230869 |
| Ma'aden Sukuk Ltd., 5.25%, 02/13/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203769 |
| Mativ Holdings Inc., 8.00%, 10/01/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 105 | 94527 |
| MEGlobal BV |  |  |
| &nbsp;&nbsp;&nbsp; 2.63%, 04/28/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 189105 |
| &nbsp;&nbsp;&nbsp; 4.25%, 11/03/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 397253 |
| Methanex Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 10/15/27 | &nbsp;&nbsp;&nbsp; 220 | 219183 |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/15/29 | &nbsp;&nbsp;&nbsp; 205 | 201387 |
| Minerals Technologies Inc., 5.00%, 07/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 118210 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| Mosaic Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.05%, 11/15/27 | &nbsp;&nbsp;&nbsp; $225 | $222460 |
| &nbsp;&nbsp;&nbsp; 5.38%, 11/15/28 | &nbsp;&nbsp;&nbsp; 177 | 181289 |
| NOVA Chemicals Corp., 9.00%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 107644 |
| &nbsp;&nbsp;&nbsp; Nufarm Australia Ltd./Nufarm Americas Inc., 5.00%, <br> 01/27/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 100 | 92637 |
| Nutrien Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 05/13/30 | &nbsp;&nbsp;&nbsp; 150 | 139421 |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/15/26 | &nbsp;&nbsp;&nbsp; 35 | 34712 |
| &nbsp;&nbsp;&nbsp; 4.20%, 04/01/29 | &nbsp;&nbsp;&nbsp; 250 | 247035 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/12/27 | &nbsp;&nbsp;&nbsp; 125 | 124974 |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/27/28 | &nbsp;&nbsp;&nbsp; 205 | 207298 |
| &nbsp;&nbsp;&nbsp; 5.20%, 06/21/27 | &nbsp;&nbsp;&nbsp; 215 | 217318 |
| OCP SA, 6.10%, 04/30/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203528 |
| Olin Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/30 | &nbsp;&nbsp;&nbsp; 150 | 143609 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 205 | 202145 |
| Olympus Water U.S. Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 255 | 242915 |
| &nbsp;&nbsp;&nbsp; 6.25%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 114834 |
| &nbsp;&nbsp;&nbsp; 7.13%, 10/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 95 | 96528 |
| &nbsp;&nbsp;&nbsp; 9.75%, 11/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 505 | 529639 |
| PPG Industries Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.55%, 06/15/30 | &nbsp;&nbsp;&nbsp; 100 | 91022 |
| &nbsp;&nbsp;&nbsp; 2.80%, 08/15/29 | &nbsp;&nbsp;&nbsp; 45 | 42170 |
| &nbsp;&nbsp;&nbsp; 3.75%, 03/15/28 | &nbsp;&nbsp;&nbsp; 120 | 118208 |
| Rain Carbon Inc., 12.25%, 09/01/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 125 | 134564 |
| RPM International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 03/15/27 | &nbsp;&nbsp;&nbsp; 145 | 143131 |
| &nbsp;&nbsp;&nbsp; 4.55%, 03/01/29 | &nbsp;&nbsp;&nbsp; 100 | 99428 |
| SABIC Capital II BV, 4.50%, 10/10/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 399166 |
| Sasol Financing USA LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 09/18/26 | &nbsp;&nbsp;&nbsp; 200 | 197378 |
| &nbsp;&nbsp;&nbsp; 6.50%, 09/27/28 | &nbsp;&nbsp;&nbsp; 200 | 192627 |
| &nbsp;&nbsp;&nbsp; 8.75%, 05/03/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 399125 |
| SCIH Salt Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 365 | 354411 |
| &nbsp;&nbsp;&nbsp; 6.63%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197674 |
| &nbsp;&nbsp;&nbsp; SCIL IV LLC/SCIL USA Holdings LLC, Class-H, <br> 5.38%, 11/01/26<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 275 | 273305 |
| Sherwin-Williams Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 2.30%, 05/15/30 | &nbsp;&nbsp;&nbsp; 150 | 135507 |
| &nbsp;&nbsp;&nbsp; 2.95%, 08/15/29 | &nbsp;&nbsp;&nbsp; 250 | 235552 |
| &nbsp;&nbsp;&nbsp; 3.45%, 06/01/27 | &nbsp;&nbsp;&nbsp; 520 | 510843 |
| &nbsp;&nbsp;&nbsp; 4.30%, 08/15/28 | &nbsp;&nbsp;&nbsp; 150 | 149791 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/15/30 | &nbsp;&nbsp;&nbsp; 150 | 149523 |
| &nbsp;&nbsp;&nbsp; 4.55%, 03/01/28 | &nbsp;&nbsp;&nbsp; 10 | 10041 |
| &nbsp;&nbsp;&nbsp; SK Invictus Intermediate II SARL, 5.00%, <br> 10/30/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 194425 |
| SNF Group SACA |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 03/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 125424 |
| &nbsp;&nbsp;&nbsp; 3.38%, 03/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 105 | 96494 |
| &nbsp;&nbsp;&nbsp; Sociedad Quimica y Minera de Chile SA, 4.25%, <br> 05/07/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 197533 |
| Syensqo Finance America LLC, 5.65%, 06/04/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 235 | 241928 |
| Tronox Inc., 4.63%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 335 | 259823 |
| Vibrantz Technologies Inc., 9.00%, 02/15/30<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 230 | 147338 |
| Westlake Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 06/15/30 | &nbsp;&nbsp;&nbsp; 100 | 94139 |
| &nbsp;&nbsp;&nbsp; 3.60%, 08/15/26 | &nbsp;&nbsp;&nbsp; 325 | 321313 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| WR Grace Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $220 | $218773 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 323025 |
| Yara International ASA |  |  |
| &nbsp;&nbsp;&nbsp; 3.15%, 06/04/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 185076 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 350118 |
| YPF SA, 9.00%, 06/30/29<sup>(a)(d)(h)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206632 |
|  |  | 23729064 |
| **Coal — 0.0%** | **Coal — 0.0%** | **Coal — 0.0%** |
| &nbsp;&nbsp;&nbsp; Alliance Resource Operating Partners LP/Alliance <br> Resource Finance Corp., 8.63%, 06/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 120 | 126970 |
| Coronado Finance Pty Ltd., 9.25%, 10/01/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 135 | 103043 |
| SunCoke Energy Inc., 4.88%, 06/30/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 137106 |
| Warrior Met Coal Inc., 7.88%, 12/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 45 | 46048 |
|  |  | 413167 |
| **Commercial Services — 0.6%** | **Commercial Services — 0.6%** | **Commercial Services — 0.6%** |
| Adani Ports & Special Economic Zone Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/30/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193606 |
| &nbsp;&nbsp;&nbsp; 4.20%, 08/04/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193987 |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/03/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 189748 |
| ADT Security Corp. (The), 4.13%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 263232 |
| Adtalem Global Education Inc., 5.50%, 03/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 121 | 119531 |
| &nbsp;&nbsp;&nbsp; Albion Financing 1 SARL / Aggreko Holdings Inc., <br> 7.00%, 05/21/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 415 | 427306 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 285 | 277220 |
| &nbsp;&nbsp;&nbsp; 6.88%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 290 | 297122 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal <br> Finance Corp./Atlas Luxco 4 SARL, 4.63%, <br> 06/01/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 640 | 620953 |
| Alta Equipment Group Inc., 9.00%, 06/01/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 150 | 142471 |
| AMN Healthcare Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 105 | 96443 |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 171056 |
| APi Group DE Inc., 4.75%, 10/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 50 | 48375 |
| Ashtead Capital Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.50%, 08/12/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 217781 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196110 |
| &nbsp;&nbsp;&nbsp; 4.25%, 11/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 112297 |
| &nbsp;&nbsp;&nbsp; 4.38%, 08/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 285 | 282703 |
| Automatic Data Processing Inc., 1.70%, 05/15/28 | &nbsp;&nbsp;&nbsp; 250 | 234419 |
| &nbsp;&nbsp;&nbsp; Avis Budget Car Rental LLC/Avis Budget <br> Finance Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 154053 |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 182853 |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 117 | 116302 |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 87 | 86570 |
| &nbsp;&nbsp;&nbsp; 8.25%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 211103 |
| Belron U.K. Finance PLC, 5.75%, 10/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 335 | 338199 |
| Block Financial LLC, 2.50%, 07/15/28 | &nbsp;&nbsp;&nbsp; 170 | 159925 |
| Brink's Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 221800 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 85 | 87054 |
| Carriage Services Inc., 4.25%, 05/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 117007 |
| Champions Financing Inc., 8.75%, 02/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 180 | 166625 |
| Cintas Corp. No. 2 |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 04/01/27 | &nbsp;&nbsp;&nbsp; 320 | 316811 |
| &nbsp;&nbsp;&nbsp; 4.20%, 05/01/28 | &nbsp;&nbsp;&nbsp; 125 | 124878 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond 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; CK Hutchison International 23 Ltd., 4.75%, <br> 04/21/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; $455 | $457058 |
| Clarivate Science Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 07/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 272 | 260453 |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 257931 |
| CMHI Finance BVI Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/01/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198513 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/06/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202562 |
| CoreCivic Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/27 | &nbsp;&nbsp;&nbsp; 90 | 88005 |
| &nbsp;&nbsp;&nbsp; 8.25%, 04/15/29 | &nbsp;&nbsp;&nbsp; 160 | 169273 |
| CPI CG Inc., 10.00%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 93 | 97156 |
| Dcli Bidco LLC, 7.75%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 147909 |
| Deluxe Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 140 | 134387 |
| &nbsp;&nbsp;&nbsp; 8.13%, 09/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 138653 |
| DP World Crescent Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/30/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 191613 |
| &nbsp;&nbsp;&nbsp; 3.88%, 07/18/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193395 |
| &nbsp;&nbsp;&nbsp; 4.85%, 09/26/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 401482 |
| Element Fleet Management Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.04%, 03/25/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 181550 |
| &nbsp;&nbsp;&nbsp; 5.64%, 03/13/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 105 | 106437 |
| &nbsp;&nbsp;&nbsp; 6.32%, 12/04/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 280 | 294037 |
| Equifax Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.10%, 05/15/30 | &nbsp;&nbsp;&nbsp; 150 | 139892 |
| &nbsp;&nbsp;&nbsp; 4.80%, 09/15/29 | &nbsp;&nbsp;&nbsp; 115 | 115744 |
| &nbsp;&nbsp;&nbsp; 5.10%, 12/15/27 | &nbsp;&nbsp;&nbsp; 275 | 278053 |
| &nbsp;&nbsp;&nbsp; 5.10%, 06/01/28 | &nbsp;&nbsp;&nbsp; 220 | 223358 |
| EquipmentShare.com Inc., 9.00%, 05/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 368994 |
| ERAC USA Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.30%, 12/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 260 | 256155 |
| &nbsp;&nbsp;&nbsp; 4.60%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 360 | 363016 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 280070 |
| Experian Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 03/08/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 232107 |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 208544 |
| Garda World Security Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 178240 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 146873 |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 128698 |
| GEO Group Inc. (The), 8.63%, 04/15/29 | &nbsp;&nbsp;&nbsp; 195 | 206826 |
| Global Payments Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.15%, 01/15/27 | &nbsp;&nbsp;&nbsp; 260 | 251052 |
| &nbsp;&nbsp;&nbsp; 2.90%, 05/15/30 | &nbsp;&nbsp;&nbsp; 300 | 273701 |
| &nbsp;&nbsp;&nbsp; 3.20%, 08/15/29 | &nbsp;&nbsp;&nbsp; 405 | 380737 |
| &nbsp;&nbsp;&nbsp; 4.45%, 06/01/28 | &nbsp;&nbsp;&nbsp; 130 | 129400 |
| &nbsp;&nbsp;&nbsp; 4.95%, 08/15/27 | &nbsp;&nbsp;&nbsp; 169 | 170019 |
| &nbsp;&nbsp;&nbsp; 5.30%, 08/15/29 | &nbsp;&nbsp;&nbsp; 130 | 131786 |
| Grand Canyon University, 5.13%, 10/01/28 | &nbsp;&nbsp;&nbsp; 125 | 120707 |
| GXO Logistics Inc., 6.25%, 05/06/29 | &nbsp;&nbsp;&nbsp; 215 | 223569 |
| Herc Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 348576 |
| &nbsp;&nbsp;&nbsp; 6.63%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 235527 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 490 | 505966 |
| Hertz Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 12/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 144695 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 300 | 211451 |
| &nbsp;&nbsp;&nbsp; 12.63%, 07/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 370 | 386752 |
| HPHT Finance 21 II Ltd., 1.50%, 09/17/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 192826 |
| Hutama Karya Persero PT, 3.75%, 05/11/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 191515 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Services (continued)** | **Commercial Services (continued)** | **Commercial Services (continued)** |
| Kaspi.KZ JSC, 6.25%, 03/26/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; $200 | $203867 |
| Korn Ferry, 4.63%, 12/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 122967 |
| Matthews International Corp., 8.63%, 10/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 104096 |
| &nbsp;&nbsp;&nbsp; Mavis Tire Express Services Topco Corp., 6.50%, <br> 05/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 220 | 217446 |
| &nbsp;&nbsp;&nbsp; Mersin Uluslararasi Liman Isletmeciligi AS, 8.25%, <br> 11/15/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 208421 |
| Mobius Merger Sub Inc., 9.00%, 06/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 137656 |
| Moody's Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 01/15/28 | &nbsp;&nbsp;&nbsp; 180 | 175822 |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/01/29 | &nbsp;&nbsp;&nbsp; 100 | 99639 |
| NESCO Holdings II Inc., 5.50%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 268095 |
| OT Midco Inc., 10.00%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 195 | 160617 |
| PayPal Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.30%, 06/01/30 | &nbsp;&nbsp;&nbsp; 325 | 294711 |
| &nbsp;&nbsp;&nbsp; 2.65%, 10/01/26 | &nbsp;&nbsp;&nbsp; 205 | 201105 |
| &nbsp;&nbsp;&nbsp; 2.85%, 10/01/29 | &nbsp;&nbsp;&nbsp; 400 | 376488 |
| &nbsp;&nbsp;&nbsp; 3.90%, 06/01/27 | &nbsp;&nbsp;&nbsp; 265 | 263419 |
| &nbsp;&nbsp;&nbsp; 4.45%, 03/06/28 | &nbsp;&nbsp;&nbsp; 75 | 75334 |
| &nbsp;&nbsp;&nbsp; Paysafe Finance PLC/Paysafe Holdings U.S. Corp., <br> 4.00%, 06/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 115 | 105191 |
| &nbsp;&nbsp;&nbsp; Prime Security Services Borrower LLC/Prime <br> Finance Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 08/31/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 330 | 318536 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 304980 |
| PROG Holdings Inc., 6.00%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 168922 |
| PSA Treasury Pte Ltd., 2.25%, 04/30/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 182559 |
| Quanta Services Inc., 4.75%, 08/09/27 | &nbsp;&nbsp;&nbsp; 30 | 30194 |
| RELX Capital Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 05/22/30 | &nbsp;&nbsp;&nbsp; 200 | 187730 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/18/29 | &nbsp;&nbsp;&nbsp; 260 | 257173 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/27/30 | &nbsp;&nbsp;&nbsp; 270 | 273273 |
| Rentokil Terminix Funding LLC, 5.00%, 04/28/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201429 |
| RR Donnelley & Sons Co. |  |  |
| &nbsp;&nbsp;&nbsp; 9.50%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 325 | 332361 |
| &nbsp;&nbsp;&nbsp; 10.88%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 126727 |
| S&P Global Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.45%, 03/01/27 | &nbsp;&nbsp;&nbsp; 504 | 489978 |
| &nbsp;&nbsp;&nbsp; 2.50%, 12/01/29 | &nbsp;&nbsp;&nbsp; 150 | 139204 |
| &nbsp;&nbsp;&nbsp; 2.70%, 03/01/29 | &nbsp;&nbsp;&nbsp; 390 | 368851 |
| &nbsp;&nbsp;&nbsp; 2.95%, 01/22/27 | &nbsp;&nbsp;&nbsp; 64 | 62761 |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/01/29 | &nbsp;&nbsp;&nbsp; 305 | 304288 |
| &nbsp;&nbsp;&nbsp; 4.75%, 08/01/28 | &nbsp;&nbsp;&nbsp; 55 | 55621 |
| Service Corp. International/U.S. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 12/15/27 | &nbsp;&nbsp;&nbsp; 185 | 183238 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/01/29 | &nbsp;&nbsp;&nbsp; 225 | 222807 |
| &nbsp;&nbsp;&nbsp; 7.50%, 04/01/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 55 | 56940 |
| &nbsp;&nbsp;&nbsp; Shanghai Port Group BVI Development 2 Co. Ltd., <br> 2.38%, 07/13/30<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 183840 |
| &nbsp;&nbsp;&nbsp; Shanghai Port Group BVI Development Co. Ltd., <br> 2.85%, 09/11/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 189788 |
| Signal Parent Inc., 6.13%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 90 | 31638 |
| Sotheby's, 7.38%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 255 | 251955 |
| Sotheby's/Bidfair Holdings Inc., 5.88%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 90 | 81541 |
| StoneMor Inc., 8.50%, 05/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 118563 |
| &nbsp;&nbsp;&nbsp; Transurban Finance Co. Pty. Ltd., 3.38%, <br> 03/22/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 210 | 206152 |
| TriNet Group Inc., 3.50%, 03/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 139219 |
| Trustees of Dartmouth College, 4.27%, 06/01/30 | &nbsp;&nbsp;&nbsp; 70 | 69860 |
| UL Solutions Inc., 6.50%, 10/20/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 136244 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond 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)** |
| United Rentals North America Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/15/27 | &nbsp;&nbsp;&nbsp; $225 | $219356 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/15/30 | &nbsp;&nbsp;&nbsp; 220 | 208293 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/15/28 | &nbsp;&nbsp;&nbsp; 500 | 496957 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/15/30 | &nbsp;&nbsp;&nbsp; 250 | 249499 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/15/27 | &nbsp;&nbsp;&nbsp; 150 | 149997 |
| &nbsp;&nbsp;&nbsp; 6.00%, 12/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 356615 |
| Upbound Group Inc., 6.38%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 160855 |
| Verisk Analytics Inc., 4.13%, 03/15/29 | &nbsp;&nbsp;&nbsp; 105 | 104157 |
| VM Consolidated Inc., 5.50%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 98329 |
| Williams Scotsman Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 167176 |
| &nbsp;&nbsp;&nbsp; 6.63%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 153847 |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 159877 |
| &nbsp;&nbsp;&nbsp; Wuhan Financial Holdings Group Co. Ltd., 5.40%, <br> 11/05/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 199509 |
| ZipRecruiter Inc., 5.00%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 129074 |
|  |  | 28457590 |
| **Computers — 0.5%** | **Computers — 0.5%** | **Computers — 0.5%** |
| Accenture Capital Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.90%, 10/04/27 | &nbsp;&nbsp;&nbsp; 265 | 263315 |
| &nbsp;&nbsp;&nbsp; 4.05%, 10/04/29 | &nbsp;&nbsp;&nbsp; 375 | 370615 |
| Ahead DB Holdings LLC, 6.63%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 130255 |
| Amdocs Ltd., 2.54%, 06/15/30 | &nbsp;&nbsp;&nbsp; 200 | 180512 |
| Apple Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.20%, 02/08/28 | &nbsp;&nbsp;&nbsp; 925 | 862121 |
| &nbsp;&nbsp;&nbsp; 1.40%, 08/05/28 | &nbsp;&nbsp;&nbsp; 790 | 730640 |
| &nbsp;&nbsp;&nbsp; 1.65%, 05/11/30 | &nbsp;&nbsp;&nbsp; 500 | 444809 |
| &nbsp;&nbsp;&nbsp; 2.05%, 09/11/26 | &nbsp;&nbsp;&nbsp; 605 | 590741 |
| &nbsp;&nbsp;&nbsp; 2.20%, 09/11/29 | &nbsp;&nbsp;&nbsp; 550 | 509462 |
| &nbsp;&nbsp;&nbsp; 2.45%, 08/04/26 | &nbsp;&nbsp;&nbsp; 800 | 786097 |
| &nbsp;&nbsp;&nbsp; 2.90%, 09/12/27 | &nbsp;&nbsp;&nbsp; 320 | 312580 |
| &nbsp;&nbsp;&nbsp; 3.00%, 06/20/27 | &nbsp;&nbsp;&nbsp; 405 | 397315 |
| &nbsp;&nbsp;&nbsp; 3.00%, 11/13/27 | &nbsp;&nbsp;&nbsp; 360 | 352272 |
| &nbsp;&nbsp;&nbsp; 3.20%, 05/11/27 | &nbsp;&nbsp;&nbsp; 390 | 384103 |
| &nbsp;&nbsp;&nbsp; 3.25%, 08/08/29 | &nbsp;&nbsp;&nbsp; 325 | 314627 |
| &nbsp;&nbsp;&nbsp; 3.35%, 02/09/27 | &nbsp;&nbsp;&nbsp; 800 | 791049 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/10/28 | &nbsp;&nbsp;&nbsp; 530 | 529706 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/12/28 | &nbsp;&nbsp;&nbsp; 300 | 299996 |
| &nbsp;&nbsp;&nbsp; 4.20%, 05/12/30 | &nbsp;&nbsp;&nbsp; 300 | 300299 |
| ASGN Inc., 4.63%, 05/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 175250 |
| Booz Allen Hamilton Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 143 | 138703 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/01/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 195 | 188523 |
| CA Magnum Holdings, 5.38%, 10/31/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 397131 |
| CGI Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.45%, 09/14/26 | &nbsp;&nbsp;&nbsp; 45 | 43470 |
| &nbsp;&nbsp;&nbsp; 4.95%, 03/14/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 215 | 217632 |
| &nbsp;&nbsp;&nbsp; Conduent Business Services LLC/Conduent State & <br> Local Solutions Inc., 6.00%, 11/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 155 | 147635 |
| Crowdstrike Holdings Inc., 3.00%, 02/15/29 | &nbsp;&nbsp;&nbsp; 240 | 224692 |
| Dell Inc., 7.10%, 04/15/28 | &nbsp;&nbsp;&nbsp; 80 | 85315 |
| Dell International LLC/EMC Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.35%, 02/01/30 | &nbsp;&nbsp;&nbsp; 215 | 212784 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/01/28 | &nbsp;&nbsp;&nbsp; 240 | 241869 |
| &nbsp;&nbsp;&nbsp; 4.90%, 10/01/26 | &nbsp;&nbsp;&nbsp; 570 | 571814 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/01/30 | &nbsp;&nbsp;&nbsp; 305 | 309351 |
| &nbsp;&nbsp;&nbsp; 5.25%, 02/01/28 | &nbsp;&nbsp;&nbsp; 412 | 420572 |
| &nbsp;&nbsp;&nbsp; 5.30%, 10/01/29 | &nbsp;&nbsp;&nbsp; 540 | 554433 |
| &nbsp;&nbsp;&nbsp; 6.10%, 07/15/27 | &nbsp;&nbsp;&nbsp; 140 | 144122 |
| &nbsp;&nbsp;&nbsp; 6.20%, 07/15/30 | &nbsp;&nbsp;&nbsp; 200 | 213274 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Computers (continued)** | **Computers (continued)** | **Computers (continued)** |
| Diebold Nixdorf Inc., 7.75%, 03/31/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $280 | $296791 |
| DXC Technology Co. |  |  |
| &nbsp;&nbsp;&nbsp; 1.80%, 09/15/26 | &nbsp;&nbsp;&nbsp; 235 | 227449 |
| &nbsp;&nbsp;&nbsp; 2.38%, 09/15/28 | &nbsp;&nbsp;&nbsp; 175 | 162736 |
| Gartner Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 194571 |
| &nbsp;&nbsp;&nbsp; 4.50%, 07/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 320 | 315629 |
| &nbsp;&nbsp;&nbsp; Genpact Luxembourg SARL/Genpact USA Inc., <br> 6.00%, 06/04/29<br>| &nbsp;&nbsp;&nbsp; 125 | 128984 |
| Hewlett Packard Enterprise Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 09/25/27 | &nbsp;&nbsp;&nbsp; 335 | 334982 |
| &nbsp;&nbsp;&nbsp; 4.45%, 09/25/26 | &nbsp;&nbsp;&nbsp; 300 | 299774 |
| &nbsp;&nbsp;&nbsp; 4.55%, 10/15/29 | &nbsp;&nbsp;&nbsp; 730 | 725568 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/01/28 | &nbsp;&nbsp;&nbsp; 215 | 220241 |
| HP Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 06/17/27 | &nbsp;&nbsp;&nbsp; 325 | 316735 |
| &nbsp;&nbsp;&nbsp; 3.40%, 06/17/30 | &nbsp;&nbsp;&nbsp; 150 | 140919 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/29 | &nbsp;&nbsp;&nbsp; 340 | 332690 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/28 | &nbsp;&nbsp;&nbsp; 335 | 338020 |
| &nbsp;&nbsp;&nbsp; 5.40%, 04/25/30 | &nbsp;&nbsp;&nbsp; 100 | 102790 |
| IBM International Capital Pte Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 02/05/27 | &nbsp;&nbsp;&nbsp; 165 | 165468 |
| &nbsp;&nbsp;&nbsp; 4.60%, 02/05/29 | &nbsp;&nbsp;&nbsp; 180 | 181227 |
| International Business Machines Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.70%, 05/15/27 | &nbsp;&nbsp;&nbsp; 120 | 114666 |
| &nbsp;&nbsp;&nbsp; 1.95%, 05/15/30 | &nbsp;&nbsp;&nbsp; 400 | 355986 |
| &nbsp;&nbsp;&nbsp; 2.20%, 02/09/27 | &nbsp;&nbsp;&nbsp; 313 | 303184 |
| &nbsp;&nbsp;&nbsp; 3.30%, 01/27/27 | &nbsp;&nbsp;&nbsp; 125 | 123155 |
| &nbsp;&nbsp;&nbsp; 3.50%, 05/15/29 | &nbsp;&nbsp;&nbsp; 935 | 906095 |
| &nbsp;&nbsp;&nbsp; 4.15%, 07/27/27 | &nbsp;&nbsp;&nbsp; 305 | 304647 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/06/28 | &nbsp;&nbsp;&nbsp; 435 | 436931 |
| &nbsp;&nbsp;&nbsp; 4.65%, 02/10/28 | &nbsp;&nbsp;&nbsp; 235 | 236791 |
| &nbsp;&nbsp;&nbsp; 6.22%, 08/01/27 | &nbsp;&nbsp;&nbsp; 40 | 41459 |
| &nbsp;&nbsp;&nbsp; Series .., 4.80%, 02/10/30 | &nbsp;&nbsp;&nbsp; 345 | 349674 |
| KBR Inc., 4.75%, 09/30/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 75 | 72286 |
| Kyndryl Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.05%, 10/15/26 | &nbsp;&nbsp;&nbsp; 219 | 212102 |
| &nbsp;&nbsp;&nbsp; 2.70%, 10/15/28 | &nbsp;&nbsp;&nbsp; 135 | 127145 |
| Leidos Inc., 4.38%, 05/15/30 | &nbsp;&nbsp;&nbsp; 200 | 196420 |
| Lenovo Group Ltd., 5.83%, 01/27/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204981 |
| McAfee Corp., 7.38%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 600 | 556857 |
| NCR Atleos Corp., 9.50%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 425 | 460545 |
| NCR Voyix Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 235 | 231075 |
| &nbsp;&nbsp;&nbsp; 5.13%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 119 | 116624 |
| NetApp Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.38%, 06/22/27 | &nbsp;&nbsp;&nbsp; 108 | 103789 |
| &nbsp;&nbsp;&nbsp; 2.70%, 06/22/30 | &nbsp;&nbsp;&nbsp; 200 | 181800 |
| &nbsp;&nbsp;&nbsp; Science Applications International Corp., 4.88%, <br> 04/01/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 120 | 117953 |
| Seagate Data Storage Technology Pte Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 80 | 72172 |
| &nbsp;&nbsp;&nbsp; 4.09%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 149 | 142603 |
| &nbsp;&nbsp;&nbsp; 8.25%, 12/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 154553 |
| Virtusa Corp., 7.13%, 12/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 109866 |
| Western Digital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.85%, 02/01/29 | &nbsp;&nbsp;&nbsp; 175 | 162811 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/26 | &nbsp;&nbsp;&nbsp; 9 | 8979 |
|  |  | 23726807 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Cosmetics & Personal Care — 0.2%** | **Cosmetics & Personal Care — 0.2%** | **Cosmetics & Personal Care — 0.2%** |
| Colgate-Palmolive Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.10%, 08/15/27 | &nbsp;&nbsp;&nbsp; $160 | $156773 |
| &nbsp;&nbsp;&nbsp; 4.20%, 05/01/30 | &nbsp;&nbsp;&nbsp; 135 | 134720 |
| &nbsp;&nbsp;&nbsp; 4.60%, 03/01/28 | &nbsp;&nbsp;&nbsp; 100 | 101209 |
| Conopco Inc., Series E, 7.25%, 12/15/26 | &nbsp;&nbsp;&nbsp; 60 | 62302 |
| &nbsp;&nbsp;&nbsp; Coty Inc./HFC Prestige Products Inc./HFC Prestige <br> International U.S. LLC, 4.75%, 01/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 155 | 151778 |
| Edgewell Personal Care Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 141983 |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 223445 |
| Estee Lauder Companies Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 2.38%, 12/01/29 | &nbsp;&nbsp;&nbsp; 200 | 184070 |
| &nbsp;&nbsp;&nbsp; 2.60%, 04/15/30 | &nbsp;&nbsp;&nbsp; 200 | 183663 |
| &nbsp;&nbsp;&nbsp; 3.15%, 03/15/27 | &nbsp;&nbsp;&nbsp; 150 | 147176 |
| &nbsp;&nbsp;&nbsp; 4.38%, 05/15/28 | &nbsp;&nbsp;&nbsp; 200 | 200040 |
| Haleon U.S. Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 03/24/27 | &nbsp;&nbsp;&nbsp; 690 | 678550 |
| &nbsp;&nbsp;&nbsp; 3.38%, 03/24/29 | &nbsp;&nbsp;&nbsp; 265 | 256004 |
| Kenvue Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/22/30 | &nbsp;&nbsp;&nbsp; 255 | 261265 |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/22/28 | &nbsp;&nbsp;&nbsp; 390 | 397892 |
| Prestige Brands Inc., 5.13%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 123891 |
| Procter & Gamble Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 1.90%, 02/01/27 | &nbsp;&nbsp;&nbsp; 245 | 237214 |
| &nbsp;&nbsp;&nbsp; 2.45%, 11/03/26 | &nbsp;&nbsp;&nbsp; 120 | 117439 |
| &nbsp;&nbsp;&nbsp; 2.80%, 03/25/27 | &nbsp;&nbsp;&nbsp; 335 | 327982 |
| &nbsp;&nbsp;&nbsp; 2.85%, 08/11/27 | &nbsp;&nbsp;&nbsp; 215 | 209858 |
| &nbsp;&nbsp;&nbsp; 3.00%, 03/25/30 | &nbsp;&nbsp;&nbsp; 400 | 379648 |
| &nbsp;&nbsp;&nbsp; 3.95%, 01/26/28 | &nbsp;&nbsp;&nbsp; 285 | 284618 |
| &nbsp;&nbsp;&nbsp; 4.05%, 05/01/30 | &nbsp;&nbsp;&nbsp; 225 | 223583 |
| &nbsp;&nbsp;&nbsp; 4.15%, 10/24/29 | &nbsp;&nbsp;&nbsp; 145 | 145105 |
| &nbsp;&nbsp;&nbsp; 4.35%, 01/29/29 | &nbsp;&nbsp;&nbsp; 205 | 206632 |
| Unilever Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 09/06/29 | &nbsp;&nbsp;&nbsp; 240 | 220540 |
| &nbsp;&nbsp;&nbsp; 2.90%, 05/05/27 | &nbsp;&nbsp;&nbsp; 290 | 283793 |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/22/28 | &nbsp;&nbsp;&nbsp; 415 | 408102 |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/12/27 | &nbsp;&nbsp;&nbsp; 100 | 100148 |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/08/28 | &nbsp;&nbsp;&nbsp; 285 | 290282 |
|  |  | 6839705 |
| **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** |
| American Builders & Contractors Supply Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 94204 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 121714 |
| Dealer Tire LLC/DT Issuer LLC, 8.00%, 02/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 171501 |
| Ferguson Finance PLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 06/02/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 187075 |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/24/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 203947 |
| &nbsp;&nbsp;&nbsp; Fujian Zhanglong Group Co. Ltd., 6.70%, <br> 09/02/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 203703 |
| Gates Corp./DE, 6.88%, 07/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 175096 |
| LKQ Corp., 5.75%, 06/15/28 | &nbsp;&nbsp;&nbsp; 200 | 204717 |
| Mitsubishi Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/05/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 406532 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/02/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 235 | 239532 |
| Mitsui & Co. Ltd., 4.40%, 09/12/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198876 |
| RB Global Holdings Inc., 6.75%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 184374 |
| Resideo Funding Inc., 4.00%, 09/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 98 | 92130 |
| Sumitomo Corp., 5.05%, 07/03/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203170 |
| &nbsp;&nbsp;&nbsp; Telecommunications Co. Telekom Srbija AD <br> Belgrade, 7.00%, 10/28/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200411 |
| Velocity Vehicle Group LLC, 8.00%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 151984 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Distribution & Wholesale (continued)** | **Distribution & Wholesale (continued)** | **Distribution & Wholesale (continued)** |
| Windsor Holdings III LLC, 8.50%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $240 | $254807 |
|  |  | 3293773 |
| **Diversified Financial Services — 1.8%** | **Diversified Financial Services — 1.8%** | **Diversified Financial Services — 1.8%** |
| abrdn PLC, 4.25%, 06/30/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194644 |
| &nbsp;&nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp; 2.45%, 10/29/26 | &nbsp;&nbsp;&nbsp; 1285 | 1251378 |
| &nbsp;&nbsp;&nbsp; 3.00%, 10/29/28 | &nbsp;&nbsp;&nbsp; 1140 | 1085004 |
| &nbsp;&nbsp;&nbsp; 3.65%, 07/21/27 | &nbsp;&nbsp;&nbsp; 435 | 427796 |
| &nbsp;&nbsp;&nbsp; 3.88%, 01/23/28 | &nbsp;&nbsp;&nbsp; 235 | 231138 |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/15/27 | &nbsp;&nbsp;&nbsp; 115 | 115054 |
| &nbsp;&nbsp;&nbsp; 4.63%, 09/10/29 | &nbsp;&nbsp;&nbsp; 370 | 369107 |
| &nbsp;&nbsp;&nbsp; 4.88%, 04/01/28 | &nbsp;&nbsp;&nbsp; 200 | 201529 |
| &nbsp;&nbsp;&nbsp; 5.10%, 01/19/29 | &nbsp;&nbsp;&nbsp; 210 | 213189 |
| &nbsp;&nbsp;&nbsp; 5.75%, 06/06/28 | &nbsp;&nbsp;&nbsp; 270 | 278198 |
| &nbsp;&nbsp;&nbsp; 6.10%, 01/15/27 | &nbsp;&nbsp;&nbsp; 155 | 157955 |
| &nbsp;&nbsp;&nbsp; 6.45%, 04/15/27 | &nbsp;&nbsp;&nbsp; 415 | 426881 |
| &nbsp;&nbsp;&nbsp; 6.95%, 03/10/55, (5-year CMT + 2.720%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208440 |
| Affiliated Managers Group Inc., 3.30%, 06/15/30 | &nbsp;&nbsp;&nbsp; 100 | 93702 |
| AG Issuer LLC, 6.25%, 03/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 174902 |
| AG TTMT Escrow Issuer LLC, 8.63%, 09/30/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 158 | 162252 |
| Air Lease Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.88%, 08/15/26 | &nbsp;&nbsp;&nbsp; 402 | 390713 |
| &nbsp;&nbsp;&nbsp; 2.10%, 09/01/28 | &nbsp;&nbsp;&nbsp; 250 | 232654 |
| &nbsp;&nbsp;&nbsp; 2.20%, 01/15/27 | &nbsp;&nbsp;&nbsp; 287 | 277729 |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/01/30 | &nbsp;&nbsp;&nbsp; 200 | 186586 |
| &nbsp;&nbsp;&nbsp; 3.25%, 10/01/29 | &nbsp;&nbsp;&nbsp; 155 | 147195 |
| &nbsp;&nbsp;&nbsp; 3.63%, 04/01/27 | &nbsp;&nbsp;&nbsp; 190 | 187580 |
| &nbsp;&nbsp;&nbsp; 3.63%, 12/01/27 | &nbsp;&nbsp;&nbsp; 35 | 34308 |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/01/28 | &nbsp;&nbsp;&nbsp; 55 | 55120 |
| &nbsp;&nbsp;&nbsp; 5.10%, 03/01/29 | &nbsp;&nbsp;&nbsp; 150 | 152699 |
| &nbsp;&nbsp;&nbsp; 5.30%, 02/01/28 | &nbsp;&nbsp;&nbsp; 325 | 331054 |
| &nbsp;&nbsp;&nbsp; 5.85%, 12/15/27 | &nbsp;&nbsp;&nbsp; 300 | 308727 |
| Air Lease Corp. Sukuk Ltd., 5.85%, 04/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 213629 |
| Aircastle Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.85%, 01/26/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 290985 |
| &nbsp;&nbsp;&nbsp; 5.95%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 155192 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/18/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 214207 |
| &nbsp;&nbsp;&nbsp; Aircastle Ltd./Aircastle Ireland DAC, 5.25%, <br> 03/15/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 150 | 151335 |
| Ally Financial Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.20%, 11/02/28 | &nbsp;&nbsp;&nbsp; 220 | 203034 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/09/27 | &nbsp;&nbsp;&nbsp; 245 | 245420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.54%, 01/17/31, (1-day SOFR Index + <br> 1.730%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 115 | 116454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.74%, 05/15/29, (1-day SOFR Index + <br> 1.960%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 215 | 218964 |
| &nbsp;&nbsp;&nbsp; 6.85%, 01/03/30, (1-day SOFR + 2.282%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 155 | 163347 |
| &nbsp;&nbsp;&nbsp; 6.99%, 06/13/29, (1-day SOFR + 3.260%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 315 | 331119 |
| &nbsp;&nbsp;&nbsp; 7.10%, 11/15/27 | &nbsp;&nbsp;&nbsp; 265 | 278506 |
| American Express Co. |  |  |
| &nbsp;&nbsp;&nbsp; 1.65%, 11/04/26 | &nbsp;&nbsp;&nbsp; 393 | 379904 |
| &nbsp;&nbsp;&nbsp; 2.55%, 03/04/27 | &nbsp;&nbsp;&nbsp; 565 | 549822 |
| &nbsp;&nbsp;&nbsp; 3.30%, 05/03/27 | &nbsp;&nbsp;&nbsp; 575 | 565093 |
| &nbsp;&nbsp;&nbsp; 4.05%, 05/03/29 | &nbsp;&nbsp;&nbsp; 290 | 288492 |
| &nbsp;&nbsp;&nbsp; 4.35%, 07/20/29, (1-day SOFR + 1.220%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 475 | 473864 |
| &nbsp;&nbsp;&nbsp; 4.73%, 04/25/29, (1-day SOFR + 1.260%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 475 | 479041 |
| &nbsp;&nbsp;&nbsp; 5.02%, 04/25/31, (1-day SOFR + 1.440%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 465 | 473024 |
| &nbsp;&nbsp;&nbsp; 5.04%, 07/26/28, (1-day SOFR + 0.930%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 380 | 384398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.09%, 01/30/31, (1-day SOFR Index + <br> 1.020%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 425 | 433649 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| &nbsp;&nbsp;&nbsp; 5.10%, 02/16/28, (1-day SOFR + 1.000%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $475 | $479259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.28%, 07/27/29, (1-day SOFR Index + <br> 1.280%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 470 | 481763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.53%, 04/25/30, (1-day SOFR Index + <br> 1.090%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 395 | 409568 |
| &nbsp;&nbsp;&nbsp; 5.85%, 11/05/27 | &nbsp;&nbsp;&nbsp; 454 | 469108 |
| American Express Credit Corp., 3.30%, 05/03/27 | &nbsp;&nbsp;&nbsp; 200 | 196580 |
| Ameriprise Financial Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 09/15/26 | &nbsp;&nbsp;&nbsp; 25 | 24592 |
| &nbsp;&nbsp;&nbsp; 5.70%, 12/15/28 | &nbsp;&nbsp;&nbsp; 185 | 192485 |
| &nbsp;&nbsp;&nbsp; Andrew W Mellon Foundation (The), Series 2020, <br> 0.95%, 08/01/27<br>| &nbsp;&nbsp;&nbsp; 40 | 37507 |
| Ares Finance Co. II LLC, 3.25%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 105 | 97630 |
| Ares Management Corp., 6.38%, 11/10/28 | &nbsp;&nbsp;&nbsp; 150 | 157998 |
| Aretec Group Inc., 7.50%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 124996 |
| Armor Holdco Inc., 8.50%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 96091 |
| &nbsp;&nbsp;&nbsp; Atlas Warehouse Lending Co. LP, 6.25%, <br> 01/15/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 250 | 252224 |
| Aviation Capital Group LLC |  |  |
| &nbsp;&nbsp;&nbsp; 1.95%, 09/20/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 327 | 316762 |
| &nbsp;&nbsp;&nbsp; 3.50%, 11/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 218922 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/14/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 55 | 55006 |
| &nbsp;&nbsp;&nbsp; 5.13%, 04/10/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 150999 |
| &nbsp;&nbsp;&nbsp; 5.38%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 162648 |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 280 | 290337 |
| &nbsp;&nbsp;&nbsp; 6.38%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 158764 |
| &nbsp;&nbsp;&nbsp; 6.75%, 10/25/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 132396 |
| Avolon Holdings Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.53%, 11/18/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 739 | 703113 |
| &nbsp;&nbsp;&nbsp; 2.75%, 02/21/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 109026 |
| &nbsp;&nbsp;&nbsp; 3.25%, 02/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 282 | 274821 |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 170670 |
| &nbsp;&nbsp;&nbsp; 5.15%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 195 | 196362 |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/30/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 228770 |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 380 | 389907 |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 310 | 319203 |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/04/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 317062 |
| Azorra Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 01/15/31<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 70 | 71490 |
| &nbsp;&nbsp;&nbsp; 7.75%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 176992 |
| Banco BTG Pactual SA/Cayman Islands |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/22/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200429 |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/08/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206087 |
| BGC Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.15%, 04/02/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 177032 |
| &nbsp;&nbsp;&nbsp; 6.60%, 06/10/29 | &nbsp;&nbsp;&nbsp; 170 | 175863 |
| &nbsp;&nbsp;&nbsp; 8.00%, 05/25/28 | &nbsp;&nbsp;&nbsp; 130 | 138522 |
| Blackstone Holdings Finance Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp; 1.63%, 08/05/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 166112 |
| &nbsp;&nbsp;&nbsp; 2.50%, 01/10/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 137421 |
| &nbsp;&nbsp;&nbsp; 3.15%, 10/02/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 172 | 167052 |
| &nbsp;&nbsp;&nbsp; 5.90%, 11/03/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 185 | 190338 |
| BOC Aviation Ltd., 3.50%, 09/18/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 391755 |
| BOC Aviation USA Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/14/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201170 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/17/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203118 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/14/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205979 |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/09/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 207393 |
| Bocom Leasing Management Hong Kong Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/26/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201481 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 06/26/27, (1-day SOFR Index + <br> 0.680%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; $200 | $199797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/07/30, (1-day SOFR Index + <br> 0.770%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 199418 |
| Bread Financial Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 8.38%, 06/15/35, (5-year CMT + 4.300%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 103330 |
| &nbsp;&nbsp;&nbsp; 9.75%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 280 | 300381 |
| Brookfield Finance Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.90%, 01/25/28 | &nbsp;&nbsp;&nbsp; 450 | 443219 |
| &nbsp;&nbsp;&nbsp; 4.35%, 04/15/30 | &nbsp;&nbsp;&nbsp; 200 | 197454 |
| &nbsp;&nbsp;&nbsp; 4.85%, 03/29/29 | &nbsp;&nbsp;&nbsp; 305 | 307483 |
| Burford Capital Global Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 149273 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199588 |
| Cantor Fitzgerald LP |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/14/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 192 | 189996 |
| &nbsp;&nbsp;&nbsp; 7.20%, 12/12/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 318891 |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.88%, 11/02/27, (1-day SOFR + 0.855%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 512 | 494759 |
| &nbsp;&nbsp;&nbsp; 3.27%, 03/01/30, (1-day SOFR + 1.790%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 375 | 358164 |
| &nbsp;&nbsp;&nbsp; 3.65%, 05/11/27 | &nbsp;&nbsp;&nbsp; 250 | 246591 |
| &nbsp;&nbsp;&nbsp; 3.75%, 03/09/27 | &nbsp;&nbsp;&nbsp; 170 | 168182 |
| &nbsp;&nbsp;&nbsp; 3.80%, 01/31/28 | &nbsp;&nbsp;&nbsp; 505 | 497490 |
| &nbsp;&nbsp;&nbsp; 4.10%, 02/09/27 | &nbsp;&nbsp;&nbsp; 295 | 293444 |
| &nbsp;&nbsp;&nbsp; 4.93%, 05/10/28, (1-day SOFR + 2.057%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 572 | 575204 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/26/30, (1-day SOFR + 2.600%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 250 | 254858 |
| &nbsp;&nbsp;&nbsp; 5.46%, 07/26/30, (1-day SOFR +1.560%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 275 | 282525 |
| &nbsp;&nbsp;&nbsp; 5.47%, 02/01/29, (1-day SOFR + 2.080%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 360 | 367488 |
| &nbsp;&nbsp;&nbsp; 5.70%, 02/01/30, (1-day SOFR + 1.905%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 245 | 252775 |
| &nbsp;&nbsp;&nbsp; 6.31%, 06/08/29, (1-day SOFR + 2.640%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 440 | 459477 |
| &nbsp;&nbsp;&nbsp; 7.15%, 10/29/27, (1-day SOFR + 2.440%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 305 | 314097 |
| Cboe Global Markets Inc., 3.65%, 01/12/27 | &nbsp;&nbsp;&nbsp; 165 | 163321 |
| CCBL Cayman 1 Corp. Ltd., 1.60%, 09/15/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193569 |
| &nbsp;&nbsp;&nbsp; CDBL FUNDING 1 Co. GUAR REGS 05/30 4.75, <br> 4.75%, 05/27/30<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 201402 |
| Charles Schwab Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 03/20/28 | &nbsp;&nbsp;&nbsp; 320 | 302228 |
| &nbsp;&nbsp;&nbsp; 2.45%, 03/03/27 | &nbsp;&nbsp;&nbsp; 519 | 504151 |
| &nbsp;&nbsp;&nbsp; 2.75%, 10/01/29 | &nbsp;&nbsp;&nbsp; 55 | 51609 |
| &nbsp;&nbsp;&nbsp; 3.20%, 03/02/27 | &nbsp;&nbsp;&nbsp; 225 | 221025 |
| &nbsp;&nbsp;&nbsp; 3.20%, 01/25/28 | &nbsp;&nbsp;&nbsp; 95 | 92683 |
| &nbsp;&nbsp;&nbsp; 3.25%, 05/22/29 | &nbsp;&nbsp;&nbsp; 175 | 168366 |
| &nbsp;&nbsp;&nbsp; 3.30%, 04/01/27 | &nbsp;&nbsp;&nbsp; 265 | 260719 |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/01/29 | &nbsp;&nbsp;&nbsp; 170 | 168478 |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/22/30 | &nbsp;&nbsp;&nbsp; 210 | 212203 |
| &nbsp;&nbsp;&nbsp; 5.64%, 05/19/29, (1-day SOFR + 2.210%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 575 | 594082 |
| &nbsp;&nbsp;&nbsp; 5.88%, 08/24/26 | &nbsp;&nbsp;&nbsp; 165 | 167206 |
| &nbsp;&nbsp;&nbsp; 6.20%, 11/17/29, (1-day SOFR + 1.878%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 305 | 321868 |
| China Cinda 2020 I Management Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 03/18/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194620 |
| &nbsp;&nbsp;&nbsp; 3.25%, 01/28/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 391446 |
| &nbsp;&nbsp;&nbsp; 5.38%, 07/23/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202161 |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/28/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206502 |
| China Cinda Finance 2017 I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 03/09/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 397896 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/08/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 600092 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/21/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200413 |
| &nbsp;&nbsp;&nbsp; China Great Wall International Holdings V Ltd., <br> 2.88%, 11/23/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 194962 |
| &nbsp;&nbsp;&nbsp; China Great Wall International Holdings VI Ltd., <br> 5.25%, 04/23/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 201510 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| CI Financial Corp., 7.50%, 05/30/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $230 | $243071 |
| &nbsp;&nbsp;&nbsp; CICC Hong Kong Finance 2016 MTN Ltd., 5.29%, <br> 01/18/27, (1-day SOFR Index + 0.950%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200692 |
| Citadel Finance LLC, 5.90%, 02/10/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 251020 |
| Citadel LP |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 80 | 79752 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/23/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 185 | 190605 |
| &nbsp;&nbsp;&nbsp; Clifford Capital Credit Solutions Pte Ltd., 4.78%, <br> 01/14/30<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 204605 |
| &nbsp;&nbsp;&nbsp; CMB International Leasing Management Ltd., <br> 1.75%, 09/16/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 193714 |
| CME Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 06/15/28 | &nbsp;&nbsp;&nbsp; 120 | 118798 |
| &nbsp;&nbsp;&nbsp; 4.40%, 03/15/30 | &nbsp;&nbsp;&nbsp; 250 | 250027 |
| &nbsp;&nbsp;&nbsp; Coastal Emerald Ltd., 6.50%, (3-year CMT + <br> 4.781%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 206108 |
| Cobra AcquisitionCo LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 11/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 100329 |
| &nbsp;&nbsp;&nbsp; 12.25%, 11/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 50 | 51975 |
| Coinbase Global Inc., 3.38%, 10/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 330 | 310707 |
| Credit Acceptance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 136744 |
| &nbsp;&nbsp;&nbsp; 9.25%, 12/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 216839 |
| &nbsp;&nbsp;&nbsp; CSI MTN Ltd., 5.07%, 10/22/27, (1-day SOFR Index <br> + 0.730%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200286 |
| Eaton Vance Corp., 3.50%, 04/06/27 | &nbsp;&nbsp;&nbsp; 270 | 266119 |
| Enact Holdings Inc., 6.25%, 05/28/29 | &nbsp;&nbsp;&nbsp; 200 | 206822 |
| Encore Capital Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 158770 |
| &nbsp;&nbsp;&nbsp; 9.25%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 158717 |
| Enova International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 9.13%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 157159 |
| &nbsp;&nbsp;&nbsp; 11.25%, 12/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 128164 |
| Far East Horizon Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/05/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199473 |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/16/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 407053 |
| &nbsp;&nbsp;&nbsp; Finance of America Funding LLC, 7.88%, <br> 11/30/27<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 63 | 57747 |
| FMR LLC, 7.57%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 215 | 238315 |
| &nbsp;&nbsp;&nbsp; Freedom Mortgage Holdings LLC, 9.25%, <br> 02/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 355 | 371209 |
| GGAM Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 100402 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 154635 |
| &nbsp;&nbsp;&nbsp; 8.00%, 02/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 216352 |
| &nbsp;&nbsp;&nbsp; 8.00%, 06/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 211351 |
| Global Aircraft Leasing Co. Ltd., 8.75%, 09/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 340 | 350403 |
| goeasy Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 7.63%, 07/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205975 |
| &nbsp;&nbsp;&nbsp; 9.25%, 12/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 179911 |
| &nbsp;&nbsp;&nbsp; Series 144\*, 6.88%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 115513 |
| &nbsp;&nbsp;&nbsp; GPS Hospitality Holding Co. LLC/GPS Finco Inc., <br> 7.00%, 08/15/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 140 | 81505 |
| Hightower Holding LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 99513 |
| &nbsp;&nbsp;&nbsp; 9.13%, 01/31/30<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 120 | 127617 |
| Hyundai Card Co. Ltd., 5.75%, 04/24/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206820 |
| ICBCIL Finance Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 08/02/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194535 |
| &nbsp;&nbsp;&nbsp; 2.25%, 11/02/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194387 |
| &nbsp;&nbsp;&nbsp; 2.70%, 01/27/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194641 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| ICD Sukuk Co. Ltd., 5.00%, 02/01/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; $400 | $399585 |
| Intercontinental Exchange Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.10%, 06/15/30 | &nbsp;&nbsp;&nbsp; 350 | 313752 |
| &nbsp;&nbsp;&nbsp; 3.10%, 09/15/27 | &nbsp;&nbsp;&nbsp; 25 | 24372 |
| &nbsp;&nbsp;&nbsp; 3.63%, 09/01/28 | &nbsp;&nbsp;&nbsp; 295 | 288737 |
| &nbsp;&nbsp;&nbsp; 3.75%, 09/21/28 | &nbsp;&nbsp;&nbsp; 110 | 108120 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/15/27 | &nbsp;&nbsp;&nbsp; 730 | 725857 |
| &nbsp;&nbsp;&nbsp; 4.35%, 06/15/29 | &nbsp;&nbsp;&nbsp; 400 | 400259 |
| &nbsp;&nbsp;&nbsp; Inventive Global Investments Ltd., 1.60%, <br> 09/01/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 193383 |
| &nbsp;&nbsp;&nbsp; Jane Street Group/JSG Finance Inc., 4.50%, <br> 11/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 175 | 167658 |
| &nbsp;&nbsp;&nbsp; Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, <br> 08/15/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 335 | 323128 |
| Jefferies Financial Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.15%, 01/23/30 | &nbsp;&nbsp;&nbsp; 300 | 292906 |
| &nbsp;&nbsp;&nbsp; 4.85%, 01/15/27 | &nbsp;&nbsp;&nbsp; 230 | 231059 |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/21/28 | &nbsp;&nbsp;&nbsp; 370 | 382585 |
| &nbsp;&nbsp;&nbsp; 6.45%, 06/08/27 | &nbsp;&nbsp;&nbsp; 147 | 151508 |
| Jefferson Capital Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 08/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 114759 |
| &nbsp;&nbsp;&nbsp; 8.25%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 151372 |
| &nbsp;&nbsp;&nbsp; 9.50%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 131976 |
| JIC Zhixin Ltd., 3.50%, 11/24/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195982 |
| Joy Treasure Assets Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 09/24/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 379916 |
| &nbsp;&nbsp;&nbsp; 5.50%, 02/01/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201583 |
| &nbsp;&nbsp;&nbsp; 5.75%, 06/06/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 411813 |
| KB Securities Co. Ltd., 2.13%, 11/01/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193801 |
| Korea Ocean Business Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 05/09/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201754 |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/02/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205208 |
| Kuwait Projects Co. SPC Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.23%, 10/29/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 188153 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/23/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 187678 |
| Lazard Group LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/11/29 | &nbsp;&nbsp;&nbsp; 130 | 128656 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/19/28 | &nbsp;&nbsp;&nbsp; 205 | 204003 |
| LD Holdings Group LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 04/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 124303 |
| &nbsp;&nbsp;&nbsp; 8.75%, 11/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 114 | 106863 |
| LFS Topco LLC, 8.75%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 120880 |
| LPL Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 280 | 271421 |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 285 | 283440 |
| &nbsp;&nbsp;&nbsp; 4.90%, 04/03/28 | &nbsp;&nbsp;&nbsp; 25 | 25149 |
| &nbsp;&nbsp;&nbsp; 5.15%, 06/15/30 | &nbsp;&nbsp;&nbsp; 125 | 126405 |
| &nbsp;&nbsp;&nbsp; 5.20%, 03/15/30 | &nbsp;&nbsp;&nbsp; 225 | 227657 |
| &nbsp;&nbsp;&nbsp; 5.70%, 05/20/27 | &nbsp;&nbsp;&nbsp; 175 | 177870 |
| &nbsp;&nbsp;&nbsp; 6.75%, 11/17/28 | &nbsp;&nbsp;&nbsp; 265 | 281353 |
| LSEG U.S. Fin Corp., 4.88%, 03/28/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 211388 |
| LSEGA Financing PLC, 2.00%, 04/06/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 355 | 333041 |
| Macquarie Airfinance Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 03/17/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 129865 |
| &nbsp;&nbsp;&nbsp; 5.20%, 03/27/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 245 | 247310 |
| &nbsp;&nbsp;&nbsp; 6.40%, 03/26/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 171619 |
| &nbsp;&nbsp;&nbsp; 8.13%, 03/30/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 219241 |
| Marex Group PLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.83%, 05/08/28 | &nbsp;&nbsp;&nbsp; 150 | 151573 |
| &nbsp;&nbsp;&nbsp; 6.40%, 11/04/29 | &nbsp;&nbsp;&nbsp; 200 | 205078 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| Mastercard Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 11/21/26 | &nbsp;&nbsp;&nbsp; $85 | $83680 |
| &nbsp;&nbsp;&nbsp; 2.95%, 06/01/29 | &nbsp;&nbsp;&nbsp; 330 | 315791 |
| &nbsp;&nbsp;&nbsp; 3.30%, 03/26/27 | &nbsp;&nbsp;&nbsp; 345 | 340454 |
| &nbsp;&nbsp;&nbsp; 3.35%, 03/26/30 | &nbsp;&nbsp;&nbsp; 480 | 460927 |
| &nbsp;&nbsp;&nbsp; 3.50%, 02/26/28 | &nbsp;&nbsp;&nbsp; 55 | 54157 |
| &nbsp;&nbsp;&nbsp; 4.10%, 01/15/28 | &nbsp;&nbsp;&nbsp; 160 | 159890 |
| &nbsp;&nbsp;&nbsp; 4.55%, 03/15/28 | &nbsp;&nbsp;&nbsp; 90 | 90943 |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/09/28 | &nbsp;&nbsp;&nbsp; 370 | 377239 |
| Midcap Financial Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 117419 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 302403 |
| Mirae Asset Securities Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/06/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202068 |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/26/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202951 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/26/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 207218 |
| Mitsubishi HC Capital Inc., 5.08%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201441 |
| Mitsubishi HC Finance America LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 10/24/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202719 |
| &nbsp;&nbsp;&nbsp; 5.81%, 09/12/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 215 | 221674 |
| Muthoot Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 04/23/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200312 |
| &nbsp;&nbsp;&nbsp; 7.13%, 02/14/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204752 |
| Nasdaq Inc., 5.35%, 06/28/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 372 | 381920 |
| Nationstar Mortgage Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 280 | 279714 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 190197 |
| &nbsp;&nbsp;&nbsp; 6.50%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 229923 |
| Navient Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/15/28 | &nbsp;&nbsp;&nbsp; 175 | 170700 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/27 | &nbsp;&nbsp;&nbsp; 215 | 212601 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/15/29 | &nbsp;&nbsp;&nbsp; 225 | 220149 |
| &nbsp;&nbsp;&nbsp; 9.38%, 07/25/30 | &nbsp;&nbsp;&nbsp; 125 | 136718 |
| &nbsp;&nbsp;&nbsp; Neuberger Berman Group LLC/Neuberger Berman <br> Finance Corp., 4.50%, 03/15/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 185 | 183732 |
| &nbsp;&nbsp;&nbsp; NH Investment & Securities Co. Ltd., 1.88%, <br> 10/07/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 193570 |
| Nomura Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.17%, 07/14/28 | &nbsp;&nbsp;&nbsp; 350 | 326657 |
| &nbsp;&nbsp;&nbsp; 2.33%, 01/22/27 | &nbsp;&nbsp;&nbsp; 420 | 406241 |
| &nbsp;&nbsp;&nbsp; 2.71%, 01/22/29 | &nbsp;&nbsp;&nbsp; 220 | 205950 |
| &nbsp;&nbsp;&nbsp; 3.10%, 01/16/30 | &nbsp;&nbsp;&nbsp; 470 | 437789 |
| &nbsp;&nbsp;&nbsp; 4.90%, 07/01/30 | &nbsp;&nbsp;&nbsp; 200 | 200251 |
| &nbsp;&nbsp;&nbsp; 5.39%, 07/06/27 | &nbsp;&nbsp;&nbsp; 200 | 202697 |
| &nbsp;&nbsp;&nbsp; 5.59%, 07/02/27 | &nbsp;&nbsp;&nbsp; 160 | 162986 |
| &nbsp;&nbsp;&nbsp; 5.61%, 07/06/29 | &nbsp;&nbsp;&nbsp; 200 | 206237 |
| &nbsp;&nbsp;&nbsp; 5.84%, 01/18/28 | &nbsp;&nbsp;&nbsp; 200 | 205551 |
| &nbsp;&nbsp;&nbsp; 6.07%, 07/12/28 | &nbsp;&nbsp;&nbsp; 210 | 218221 |
| Nuveen LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 255 | 251940 |
| &nbsp;&nbsp;&nbsp; 5.55%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 161080 |
| Omniyat Sukuk 1 Ltd., 8.38%, 05/06/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206066 |
| OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 01/15/27 | &nbsp;&nbsp;&nbsp; 255 | 248820 |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/15/28 | &nbsp;&nbsp;&nbsp; 180 | 171676 |
| &nbsp;&nbsp;&nbsp; 5.38%, 11/15/29 | &nbsp;&nbsp;&nbsp; 215 | 210772 |
| &nbsp;&nbsp;&nbsp; 6.13%, 05/15/30 | &nbsp;&nbsp;&nbsp; 85 | 85186 |
| &nbsp;&nbsp;&nbsp; 6.63%, 01/15/28 | &nbsp;&nbsp;&nbsp; 235 | 240584 |
| &nbsp;&nbsp;&nbsp; 6.63%, 05/15/29 | &nbsp;&nbsp;&nbsp; 245 | 250186 |
| &nbsp;&nbsp;&nbsp; 7.88%, 03/15/30 | &nbsp;&nbsp;&nbsp; 200 | 210572 |
| &nbsp;&nbsp;&nbsp; 9.00%, 01/15/29 | &nbsp;&nbsp;&nbsp; 265 | 277778 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| ORIX Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 07/18/27 | &nbsp;&nbsp;&nbsp; $110 | $108274 |
| &nbsp;&nbsp;&nbsp; 4.65%, 09/10/29 | &nbsp;&nbsp;&nbsp; 220 | 220614 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/13/27 | &nbsp;&nbsp;&nbsp; 315 | 317772 |
| Osaic Holdings Inc., 10.75%, 08/01/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 100 | 100000 |
| &nbsp;&nbsp;&nbsp; Oxford Finance LLC/Oxford Finance Co-Issuer <br> II Inc., 6.38%, 02/01/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 135 | 134922 |
| PennyMac Financial Services Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 191707 |
| &nbsp;&nbsp;&nbsp; 7.88%, 12/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 220 | 232148 |
| &nbsp;&nbsp;&nbsp; PHH Escrow Issuer LLC/PHH Corp., 9.88%, <br> 11/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 150 | 150298 |
| &nbsp;&nbsp;&nbsp; Pioneer Reward Ltd., 5.24%, 11/29/26, (1-day <br> SOFR + 1.100%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200520 |
| Planet Financial Group LLC, 10.50%, 12/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 153151 |
| Power Finance Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.90%, 09/16/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193180 |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/18/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197991 |
| &nbsp;&nbsp;&nbsp; 6.15%, 12/06/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208440 |
| PRA Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 110 | 101605 |
| &nbsp;&nbsp;&nbsp; 8.38%, 02/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 126 | 128949 |
| &nbsp;&nbsp;&nbsp; 8.88%, 01/31/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 171307 |
| &nbsp;&nbsp;&nbsp; Provident Funding Associates LP/PFG Finance <br> Corp., 9.75%, 09/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 160 | 167554 |
| Radian Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/15/27 | &nbsp;&nbsp;&nbsp; 261 | 260454 |
| &nbsp;&nbsp;&nbsp; 6.20%, 05/15/29 | &nbsp;&nbsp;&nbsp; 160 | 166140 |
| Raymond James Financial Inc., 4.65%, 04/01/30 | &nbsp;&nbsp;&nbsp; 150 | 151497 |
| REC Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 01/13/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194382 |
| &nbsp;&nbsp;&nbsp; 3.88%, 07/07/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 393595 |
| &nbsp;&nbsp;&nbsp; 4.75%, 09/27/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199681 |
| Rfna LP, 7.88%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 152877 |
| Rocket Companies Inc., 6.13%, 08/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 152214 |
| &nbsp;&nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage <br> Co-Issuer Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 10/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 390 | 380372 |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 212596 |
| Shinhan Card Co. Ltd., 2.50%, 01/27/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193656 |
| Shriram Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.15%, 04/03/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201352 |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/22/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203287 |
| SLM Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 11/02/26 | &nbsp;&nbsp;&nbsp; 175 | 170804 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/31/30 | &nbsp;&nbsp;&nbsp; 125 | 129835 |
| Soar Wise Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 08/27/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.18%, 03/28/30, (1-day SOFR Index + <br> 0.830%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 192972 |
| SRC Sukuk Ltd., 5.00%, 02/27/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201936 |
| Stifel Financial Corp., 4.00%, 05/15/30 | &nbsp;&nbsp;&nbsp; 100 | 96321 |
| Sumitomo Mitsui Finance & Leasing Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.11%, 01/23/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202240 |
| &nbsp;&nbsp;&nbsp; 5.24%, 05/01/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203270 |
| Synchrony Financial |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 08/04/26 | &nbsp;&nbsp;&nbsp; 120 | 118768 |
| &nbsp;&nbsp;&nbsp; 3.95%, 12/01/27 | &nbsp;&nbsp;&nbsp; 165 | 161868 |
| &nbsp;&nbsp;&nbsp; 5.15%, 03/19/29 | &nbsp;&nbsp;&nbsp; 195 | 195680 |
| &nbsp;&nbsp;&nbsp; 5.45%, 03/06/31, (1-day SOFR + 1.680%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201390 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.94%, 08/02/30, (1-day SOFR Index + <br> 2.130%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; $230 | $236088 |
| Tata Capital Ltd., 5.39%, 07/21/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202315 |
| TrueNoord Capital DAC, 8.75%, 03/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 110 | 113947 |
| United Wholesale Mortgage LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195718 |
| &nbsp;&nbsp;&nbsp; 5.75%, 06/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 175112 |
| USAA Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 05/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 135675 |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 152610 |
| UWM Holdings LLC, 6.63%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 225243 |
| Visa Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 0.75%, 08/15/27 | &nbsp;&nbsp;&nbsp; 220 | 206361 |
| &nbsp;&nbsp;&nbsp; 1.90%, 04/15/27 | &nbsp;&nbsp;&nbsp; 485 | 467380 |
| &nbsp;&nbsp;&nbsp; 2.05%, 04/15/30 | &nbsp;&nbsp;&nbsp; 450 | 407684 |
| &nbsp;&nbsp;&nbsp; 2.75%, 09/15/27 | &nbsp;&nbsp;&nbsp; 60 | 58375 |
| Voya Financial Inc., 4.70%, 01/23/48<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 70 | 66951 |
| World Acceptance Corp., 7.00%, 11/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 85 | 86488 |
| XP Inc., 6.75%, 07/02/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203808 |
| Zhuji Development Ltd., 5.55%, 08/20/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201391 |
|  |  | 78655843 |
| **Electric — 1.9%** | **Electric — 1.9%** | **Electric — 1.9%** |
| Abu Dhabi National Energy Co. PJSC |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 04/29/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 187240 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/24/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199311 |
| &nbsp;&nbsp;&nbsp; 4.88%, 04/23/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203604 |
| Adani Electricity Mumbai Ltd., 3.95%, 02/12/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 183445 |
| &nbsp;&nbsp;&nbsp; Adani Transmission Step-One Ltd., 4.00%, <br> 08/03/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 197152 |
| AEP Texas Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 06/01/28 | &nbsp;&nbsp;&nbsp; 40 | 39383 |
| &nbsp;&nbsp;&nbsp; 5.45%, 05/15/29 | &nbsp;&nbsp;&nbsp; 205 | 211134 |
| &nbsp;&nbsp;&nbsp; Series I, 2.10%, 07/01/30 | &nbsp;&nbsp;&nbsp; 150 | 133217 |
| AES Andes SA, 6.30%, 03/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206724 |
| AES Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 190362 |
| &nbsp;&nbsp;&nbsp; 5.45%, 06/01/28 | &nbsp;&nbsp;&nbsp; 335 | 340245 |
| &nbsp;&nbsp;&nbsp; 6.95%, 07/15/55, (5-year CMT + 2.890%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 145 | 139999 |
| &nbsp;&nbsp;&nbsp; 7.60%, 01/15/55, (5-year CMT + 3.201%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 285 | 288832 |
| &nbsp;&nbsp;&nbsp; AES Panama Generation Holdings SRL, 4.38%, <br> 05/31/30<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 376 | 343884 |
| Alabama Power Co., 3.75%, 09/01/27 | &nbsp;&nbsp;&nbsp; 580 | 574509 |
| Alexander Funding Trust II, 7.47%, 07/31/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 239529 |
| &nbsp;&nbsp;&nbsp; Algonquin Power & Utilities Corp., 4.75%, 01/18/82, <br> (5-year CMT + 3.249%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 310 | 301558 |
| Alliant Energy Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 127915 |
| &nbsp;&nbsp;&nbsp; 5.40%, 06/06/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 156147 |
| &nbsp;&nbsp;&nbsp; 5.95%, 03/30/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 151455 |
| Ameren Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 03/15/28 | &nbsp;&nbsp;&nbsp; 35 | 32673 |
| &nbsp;&nbsp;&nbsp; 1.95%, 03/15/27 | &nbsp;&nbsp;&nbsp; 225 | 216175 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/29 | &nbsp;&nbsp;&nbsp; 180 | 182975 |
| &nbsp;&nbsp;&nbsp; 5.70%, 12/01/26 | &nbsp;&nbsp;&nbsp; 215 | 217943 |
| American Electric Power Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.30%, 03/01/30 | &nbsp;&nbsp;&nbsp; 130 | 117387 |
| &nbsp;&nbsp;&nbsp; 3.20%, 11/13/27 | &nbsp;&nbsp;&nbsp; 80 | 77878 |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/15/62, (5-year CMT + 2.675%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 239 | 230554 |
| &nbsp;&nbsp;&nbsp; 5.20%, 01/15/29 | &nbsp;&nbsp;&nbsp; 330 | 337205 |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/01/27 | &nbsp;&nbsp;&nbsp; 495 | 507952 |
| &nbsp;&nbsp;&nbsp; 7.05%, 12/15/54, (5-year CMT + 2.750%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 104558 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| &nbsp;&nbsp;&nbsp; Series J, 4.30%, 12/01/28 | &nbsp;&nbsp;&nbsp; $150 | $149303 |
| Arizona Public Service Co. |  |  |
| &nbsp;&nbsp;&nbsp; 2.60%, 08/15/29 | &nbsp;&nbsp;&nbsp; 150 | 139507 |
| &nbsp;&nbsp;&nbsp; 2.95%, 09/15/27 | &nbsp;&nbsp;&nbsp; 25 | 24174 |
| Atlantic City Electric Co., 4.00%, 10/15/28 | &nbsp;&nbsp;&nbsp; 25 | 24751 |
| &nbsp;&nbsp;&nbsp; Atlantica Sustainable Infrastructure Ltd., 4.13%, <br> 06/15/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 125 | 120693 |
| Ausgrid Finance Pty Ltd., 4.35%, 08/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 15 | 14869 |
| Avangrid Inc., 3.80%, 06/01/29 | &nbsp;&nbsp;&nbsp; 255 | 248593 |
| Aydem Yenilenebilir Enerji A/S, 7.75%, 02/02/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 180 | 178377 |
| Baltimore Gas & Electric Co., 2.40%, 08/15/26 | &nbsp;&nbsp;&nbsp; 50 | 48994 |
| Berkshire Hathaway Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 04/15/28 | &nbsp;&nbsp;&nbsp; 175 | 170562 |
| &nbsp;&nbsp;&nbsp; 3.70%, 07/15/30 | &nbsp;&nbsp;&nbsp; 300 | 289768 |
| Black Hills Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 06/15/30 | &nbsp;&nbsp;&nbsp; 100 | 90209 |
| &nbsp;&nbsp;&nbsp; 3.05%, 10/15/29 | &nbsp;&nbsp;&nbsp; 100 | 93445 |
| &nbsp;&nbsp;&nbsp; 3.15%, 01/15/27 | &nbsp;&nbsp;&nbsp; 100 | 97891 |
| &nbsp;&nbsp;&nbsp; 5.95%, 03/15/28 | &nbsp;&nbsp;&nbsp; 215 | 222197 |
| Calpine Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 380 | 375854 |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 221154 |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 420 | 417947 |
| &nbsp;&nbsp;&nbsp; Capital Power U.S. Holdings Inc., 5.26%, <br> 06/01/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 202122 |
| &nbsp;&nbsp;&nbsp; Castle Peak Power Finance Co. Ltd., 3.25%, <br> 07/25/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 195834 |
| CenterPoint Energy Houston Electric LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/15/30 | &nbsp;&nbsp;&nbsp; 150 | 151918 |
| &nbsp;&nbsp;&nbsp; 5.20%, 10/01/28 | &nbsp;&nbsp;&nbsp; 210 | 215289 |
| &nbsp;&nbsp;&nbsp; Series Z, 2.40%, 09/01/26 | &nbsp;&nbsp;&nbsp; 137 | 134291 |
| CenterPoint Energy Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 03/01/30 | &nbsp;&nbsp;&nbsp; 120 | 111518 |
| &nbsp;&nbsp;&nbsp; 5.40%, 06/01/29 | &nbsp;&nbsp;&nbsp; 220 | 226508 |
| &nbsp;&nbsp;&nbsp; 6.70%, 05/15/55, (5-year CMT + 2.586%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 150 | 152018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, 7.00%, 02/15/55, (5-year CMT + <br> 3.254%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 100 | 104236 |
| &nbsp;&nbsp;&nbsp; Centrais Eletricas Brasileiras SA, 4.63%, <br> 02/04/30<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 189784 |
| &nbsp;&nbsp;&nbsp; Central International Development BVI Ltd., 5.10%, <br> 08/19/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200387 |
| CGNPC International Ltd., 3.75%, 12/11/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196954 |
| Chile Electricity PEC SpA, 0.00%, 01/25/28<sup>(d)(i)</sup> | &nbsp;&nbsp;&nbsp; 182 | 161105 |
| &nbsp;&nbsp;&nbsp; China Huaneng Group Hong Kong Treasury <br> Management Holding Ltd., 5.30%, (3-year CMT + <br> 3.775%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 202628 |
| &nbsp;&nbsp;&nbsp; China Southern Power Grid International Finance <br> BVI Co. Ltd., 3.50%, 05/08/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 394318 |
| &nbsp;&nbsp;&nbsp; Clearway Energy Operating LLC, 4.75%, <br> 03/15/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 280 | 275131 |
| &nbsp;&nbsp;&nbsp; Cleveland Electric Illuminating Co. (The), 3.50%, <br> 04/01/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 420 | 406887 |
| &nbsp;&nbsp;&nbsp; CLP Power HK Finance Ltd., 5.45%, , (1-day SOFR <br> + 1.000%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 204527 |
| CLP Power Hong Kong Financing Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 06/30/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 180537 |
| &nbsp;&nbsp;&nbsp; 3.38%, 10/26/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195775 |
| CMS Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.45%, 08/15/27 | &nbsp;&nbsp;&nbsp; 110 | 107860 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/01/50, (5-year CMT + 4.116%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 96680 |
| Colbun SA, 3.95%, 10/11/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197456 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Comision Federal de Electricidad |  |  |
| &nbsp;&nbsp;&nbsp; 4.69%, 05/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; $400 | $387893 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/23/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199640 |
| &nbsp;&nbsp;&nbsp; 5.70%, 01/24/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198841 |
| Commonwealth Edison Co., 3.70%, 08/15/28 | &nbsp;&nbsp;&nbsp; 215 | 211256 |
| Connecticut Light and Power Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 01/01/29 | &nbsp;&nbsp;&nbsp; 130 | 130877 |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/15/30 | &nbsp;&nbsp;&nbsp; 130 | 132279 |
| &nbsp;&nbsp;&nbsp; Series A, 3.20%, 03/15/27 | &nbsp;&nbsp;&nbsp; 175 | 171774 |
| Consolidated Edison Co. of New York Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Series 20A, 3.35%, 04/01/30 | &nbsp;&nbsp;&nbsp; 150 | 143836 |
| &nbsp;&nbsp;&nbsp; Series B, 3.13%, 11/15/27 | &nbsp;&nbsp;&nbsp; 160 | 155920 |
| &nbsp;&nbsp;&nbsp; Series D, 4.00%, 12/01/28 | &nbsp;&nbsp;&nbsp; 125 | 124073 |
| &nbsp;&nbsp;&nbsp; Constellation Energy Generation LLC, 5.60%, <br> 03/01/28<br>| &nbsp;&nbsp;&nbsp; 255 | 262648 |
| Consumers Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.80%, 11/15/28 | &nbsp;&nbsp;&nbsp; 100 | 98479 |
| &nbsp;&nbsp;&nbsp; 4.60%, 05/30/29 | &nbsp;&nbsp;&nbsp; 245 | 246933 |
| &nbsp;&nbsp;&nbsp; 4.65%, 03/01/28 | &nbsp;&nbsp;&nbsp; 220 | 221943 |
| &nbsp;&nbsp;&nbsp; 4.70%, 01/15/30 | &nbsp;&nbsp;&nbsp; 190 | 192132 |
| &nbsp;&nbsp;&nbsp; 4.90%, 02/15/29 | &nbsp;&nbsp;&nbsp; 165 | 167869 |
| &nbsp;&nbsp;&nbsp; ContourGlobal Power Holdings SA, 6.75%, <br> 02/28/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 205289 |
| Dominion Energy Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/01/28 | &nbsp;&nbsp;&nbsp; 250 | 248669 |
| &nbsp;&nbsp;&nbsp; 4.60%, 05/15/28 | &nbsp;&nbsp;&nbsp; 280 | 281110 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/30 | &nbsp;&nbsp;&nbsp; 250 | 254286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, 6.88%, 02/01/55, (5-year CMT + <br> 2.386%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 250 | 261510 |
| &nbsp;&nbsp;&nbsp; Series B, 3.60%, 03/15/27 | &nbsp;&nbsp;&nbsp; 50 | 49349 |
| &nbsp;&nbsp;&nbsp; Series C, 3.38%, 04/01/30 | &nbsp;&nbsp;&nbsp; 455 | 431918 |
| &nbsp;&nbsp;&nbsp; Series D, 2.85%, 08/15/26 | &nbsp;&nbsp;&nbsp; 145 | 142421 |
| DPL Inc., 4.35%, 04/15/29 | &nbsp;&nbsp;&nbsp; 125 | 122022 |
| DTE Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 03/01/30 | &nbsp;&nbsp;&nbsp; 150 | 136515 |
| &nbsp;&nbsp;&nbsp; 4.85%, 12/01/26 | &nbsp;&nbsp;&nbsp; 185 | 186511 |
| &nbsp;&nbsp;&nbsp; Series A, 1.90%, 04/01/28 | &nbsp;&nbsp;&nbsp; 45 | 42339 |
| DTE Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp; 2.85%, 10/01/26 | &nbsp;&nbsp;&nbsp; 70 | 68698 |
| &nbsp;&nbsp;&nbsp; 2.95%, 03/01/30 | &nbsp;&nbsp;&nbsp; 100 | 92909 |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/01/28 | &nbsp;&nbsp;&nbsp; 465 | 469988 |
| &nbsp;&nbsp;&nbsp; 4.95%, 07/01/27 | &nbsp;&nbsp;&nbsp; 265 | 267470 |
| &nbsp;&nbsp;&nbsp; 5.10%, 03/01/29 | &nbsp;&nbsp;&nbsp; 300 | 305190 |
| &nbsp;&nbsp;&nbsp; 5.20%, 04/01/30 | &nbsp;&nbsp;&nbsp; 300 | 306628 |
| &nbsp;&nbsp;&nbsp; Series C, 3.40%, 06/15/29 | &nbsp;&nbsp;&nbsp; 145 | 138721 |
| Duke Energy Carolinas LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.45%, 08/15/29 | &nbsp;&nbsp;&nbsp; 105 | 97566 |
| &nbsp;&nbsp;&nbsp; 2.45%, 02/01/30 | &nbsp;&nbsp;&nbsp; 150 | 138099 |
| &nbsp;&nbsp;&nbsp; 2.95%, 12/01/26 | &nbsp;&nbsp;&nbsp; 140 | 137602 |
| &nbsp;&nbsp;&nbsp; 3.95%, 11/15/28 | &nbsp;&nbsp;&nbsp; 155 | 153680 |
| &nbsp;&nbsp;&nbsp; 4.85%, 03/15/30 | &nbsp;&nbsp;&nbsp; 150 | 152604 |
| &nbsp;&nbsp;&nbsp; Series A, 6.00%, 12/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 30 | 31388 |
| Duke Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.45%, 06/01/30 | &nbsp;&nbsp;&nbsp; 250 | 226653 |
| &nbsp;&nbsp;&nbsp; 2.65%, 09/01/26 | &nbsp;&nbsp;&nbsp; 195 | 191122 |
| &nbsp;&nbsp;&nbsp; 3.15%, 08/15/27 | &nbsp;&nbsp;&nbsp; 50 | 48827 |
| &nbsp;&nbsp;&nbsp; 3.25%, 01/15/82, (5-year CMT + 2.321%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 189 | 181055 |
| &nbsp;&nbsp;&nbsp; 3.40%, 06/15/29 | &nbsp;&nbsp;&nbsp; 150 | 144166 |
| &nbsp;&nbsp;&nbsp; 4.30%, 03/15/28 | &nbsp;&nbsp;&nbsp; 565 | 564053 |
| &nbsp;&nbsp;&nbsp; 4.85%, 01/05/27 | &nbsp;&nbsp;&nbsp; 125 | 125783 |
| &nbsp;&nbsp;&nbsp; 4.85%, 01/05/29 | &nbsp;&nbsp;&nbsp; 140 | 141596 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/08/27 | &nbsp;&nbsp;&nbsp; $420 | $425621 |
| Duke Energy Florida LLC |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 06/15/30 | &nbsp;&nbsp;&nbsp; 150 | 132139 |
| &nbsp;&nbsp;&nbsp; 2.50%, 12/01/29 | &nbsp;&nbsp;&nbsp; 210 | 194526 |
| &nbsp;&nbsp;&nbsp; 3.20%, 01/15/27 | &nbsp;&nbsp;&nbsp; 240 | 236258 |
| &nbsp;&nbsp;&nbsp; 3.80%, 07/15/28 | &nbsp;&nbsp;&nbsp; 170 | 168171 |
| Duke Energy Ohio Inc., 3.65%, 02/01/29 | &nbsp;&nbsp;&nbsp; 235 | 229392 |
| Duke Energy Progress LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.45%, 03/15/29 | &nbsp;&nbsp;&nbsp; 205 | 198900 |
| &nbsp;&nbsp;&nbsp; 3.70%, 09/01/28 | &nbsp;&nbsp;&nbsp; 30 | 29445 |
| &nbsp;&nbsp;&nbsp; 4.35%, 03/06/27 | &nbsp;&nbsp;&nbsp; 45 | 45084 |
| Duquesne Light Holdings Inc., 3.62%, 08/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 45 | 43472 |
| Edison International |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 03/15/28 | &nbsp;&nbsp;&nbsp; 115 | 111514 |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/15/28 | &nbsp;&nbsp;&nbsp; 205 | 203627 |
| &nbsp;&nbsp;&nbsp; 5.45%, 06/15/29 | &nbsp;&nbsp;&nbsp; 165 | 163907 |
| &nbsp;&nbsp;&nbsp; 5.75%, 06/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 15 | 15133 |
| &nbsp;&nbsp;&nbsp; 6.25%, 03/15/30 | &nbsp;&nbsp;&nbsp; 160 | 162444 |
| &nbsp;&nbsp;&nbsp; 6.95%, 11/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 205 | 213864 |
| &nbsp;&nbsp;&nbsp; 7.88%, 06/15/54, (5-year CMT + 3.658%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 110 | 105762 |
| &nbsp;&nbsp;&nbsp; 8.13%, 06/15/53, (5-year CMT + 3.864%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 175 | 172893 |
| EDP Finance BV, 1.71%, 01/24/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 235 | 219898 |
| Electricite de France SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/21/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 580 | 578141 |
| &nbsp;&nbsp;&nbsp; 5.65%, 04/22/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 535 | 551968 |
| &nbsp;&nbsp;&nbsp; 5.70%, 05/23/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 710 | 729342 |
| &nbsp;&nbsp;&nbsp; Empresas Publicas de Medellin ESP, 4.25%, <br> 07/18/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 370326 |
| Enel Americas SA, 4.00%, 10/25/26 | &nbsp;&nbsp;&nbsp; 244 | 242141 |
| Enel Chile SA, 4.88%, 06/12/28 | &nbsp;&nbsp;&nbsp; 415 | 417401 |
| Enel Finance International NV |  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 07/12/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 215 | 200534 |
| &nbsp;&nbsp;&nbsp; 3.50%, 04/06/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 315 | 306592 |
| &nbsp;&nbsp;&nbsp; 3.63%, 05/25/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 260 | 256003 |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 250678 |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/14/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 220 | 224262 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/26/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 390 | 396115 |
| Engie Energia Chile SA, 3.40%, 01/28/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 185692 |
| Engie SA, 5.25%, 04/10/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 285 | 290902 |
| Entergy Arkansas LLC, 4.00%, 06/01/28 | &nbsp;&nbsp;&nbsp; 55 | 54678 |
| Entergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.90%, 06/15/28 | &nbsp;&nbsp;&nbsp; 160 | 149568 |
| &nbsp;&nbsp;&nbsp; 2.80%, 06/15/30 | &nbsp;&nbsp;&nbsp; 150 | 138110 |
| &nbsp;&nbsp;&nbsp; 2.95%, 09/01/26 | &nbsp;&nbsp;&nbsp; 285 | 279877 |
| &nbsp;&nbsp;&nbsp; 7.13%, 12/01/54, (5-year CMT + 2.670%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 320 | 331900 |
| Entergy Louisiana LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.40%, 10/01/26 | &nbsp;&nbsp;&nbsp; 175 | 170895 |
| &nbsp;&nbsp;&nbsp; 3.12%, 09/01/27 | &nbsp;&nbsp;&nbsp; 160 | 156199 |
| &nbsp;&nbsp;&nbsp; 3.25%, 04/01/28 | &nbsp;&nbsp;&nbsp; 50 | 48662 |
| Entergy Texas Inc., 4.00%, 03/30/29 | &nbsp;&nbsp;&nbsp; 20 | 19727 |
| Eskom Holdings SOC Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.31%, 07/23/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195566 |
| &nbsp;&nbsp;&nbsp; 6.35%, 08/10/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203492 |
| &nbsp;&nbsp;&nbsp; 8.45%, 08/10/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 210821 |
| &nbsp;&nbsp;&nbsp; EUSHI Finance Inc., 7.63%, 12/15/54, (5-year CMT <br> + 3.136%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 150 | 156590 |
| Evergy Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.90%, 09/15/29 | &nbsp;&nbsp;&nbsp; 220 | 206117 |
| &nbsp;&nbsp;&nbsp; 6.65%, 06/01/55, (5-year CMT + 2.558%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 75 | 75759 |
| Evergy Kansas Central Inc., 4.70%, 03/13/28 | &nbsp;&nbsp;&nbsp; 85 | 85618 |
| Evergy Metro Inc., Series 2020, 2.25%, 06/01/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 150 | 135490 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Evergy Missouri West Inc., 5.15%, 12/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $245 | $247790 |
| Eversource Energy |  |  |
| &nbsp;&nbsp;&nbsp; 2.90%, 03/01/27 | &nbsp;&nbsp;&nbsp; 213 | 207581 |
| &nbsp;&nbsp;&nbsp; 4.60%, 07/01/27 | &nbsp;&nbsp;&nbsp; 175 | 175215 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/27 | &nbsp;&nbsp;&nbsp; 135 | 135882 |
| &nbsp;&nbsp;&nbsp; 5.45%, 03/01/28 | &nbsp;&nbsp;&nbsp; 575 | 587589 |
| &nbsp;&nbsp;&nbsp; 5.95%, 02/01/29 | &nbsp;&nbsp;&nbsp; 280 | 291786 |
| &nbsp;&nbsp;&nbsp; Series M, 3.30%, 01/15/28 | &nbsp;&nbsp;&nbsp; 10 | 9720 |
| &nbsp;&nbsp;&nbsp; Series O, 4.25%, 04/01/29 | &nbsp;&nbsp;&nbsp; 205 | 202511 |
| &nbsp;&nbsp;&nbsp; Series U, 1.40%, 08/15/26 | &nbsp;&nbsp;&nbsp; 125 | 120808 |
| Exelon Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 03/15/27 | &nbsp;&nbsp;&nbsp; 320 | 311519 |
| &nbsp;&nbsp;&nbsp; 4.05%, 04/15/30 | &nbsp;&nbsp;&nbsp; 400 | 392337 |
| &nbsp;&nbsp;&nbsp; 5.15%, 03/15/28 | &nbsp;&nbsp;&nbsp; 275 | 279666 |
| &nbsp;&nbsp;&nbsp; 5.15%, 03/15/29 | &nbsp;&nbsp;&nbsp; 215 | 219925 |
| Fells Point Funding Trust, 3.05%, 01/31/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 152 | 148542 |
| FirstEnergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.65%, 03/01/30 | &nbsp;&nbsp;&nbsp; 180 | 165049 |
| &nbsp;&nbsp;&nbsp; Series B, 3.90%, 07/15/27 | &nbsp;&nbsp;&nbsp; 517 | 510652 |
| FirstEnergy Pennsylvania Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 50 | 48332 |
| &nbsp;&nbsp;&nbsp; 4.30%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 167909 |
| &nbsp;&nbsp;&nbsp; 5.20%, 04/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 60 | 61070 |
| FirstEnergy Transmission LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.87%, 09/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 142718 |
| &nbsp;&nbsp;&nbsp; 4.55%, 01/15/30 | &nbsp;&nbsp;&nbsp; 130 | 129704 |
| Florida Power & Light Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 05/15/28 | &nbsp;&nbsp;&nbsp; 195 | 195700 |
| &nbsp;&nbsp;&nbsp; 4.63%, 05/15/30 | &nbsp;&nbsp;&nbsp; 150 | 151300 |
| &nbsp;&nbsp;&nbsp; 5.05%, 04/01/28 | &nbsp;&nbsp;&nbsp; 535 | 545783 |
| &nbsp;&nbsp;&nbsp; 5.15%, 06/15/29 | &nbsp;&nbsp;&nbsp; 245 | 252091 |
| &nbsp;&nbsp;&nbsp; Series A, 3.30%, 05/30/27 | &nbsp;&nbsp;&nbsp; 63 | 61912 |
| Fortis Inc./Canada, 3.06%, 10/04/26 | &nbsp;&nbsp;&nbsp; 367 | 359932 |
| GDZ Elektrik Dagitim AS, 9.00%, 10/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194949 |
| Georgia Power Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 03/30/27 | &nbsp;&nbsp;&nbsp; 40 | 39311 |
| &nbsp;&nbsp;&nbsp; 4.55%, 03/15/30 | &nbsp;&nbsp;&nbsp; 150 | 150770 |
| &nbsp;&nbsp;&nbsp; 4.65%, 05/16/28 | &nbsp;&nbsp;&nbsp; 230 | 231959 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/23/27 | &nbsp;&nbsp;&nbsp; 55 | 55553 |
| &nbsp;&nbsp;&nbsp; Series B, 2.65%, 09/15/29 | &nbsp;&nbsp;&nbsp; 200 | 187357 |
| Hongkong Electric Finance Ltd., 2.25%, 06/09/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 180170 |
| Indiana Michigan Power Co., 3.85%, 05/15/28 | &nbsp;&nbsp;&nbsp; 100 | 98570 |
| Interstate Power & Light Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.60%, 04/01/29 | &nbsp;&nbsp;&nbsp; 105 | 102016 |
| &nbsp;&nbsp;&nbsp; 4.10%, 09/26/28 | &nbsp;&nbsp;&nbsp; 255 | 252250 |
| &nbsp;&nbsp;&nbsp; Investment Energy Resources Ltd., 6.25%, <br> 04/26/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 196056 |
| IPALCO Enterprises Inc., 4.25%, 05/01/30 | &nbsp;&nbsp;&nbsp; 150 | 144110 |
| Israel Electric Corp. Ltd., 4.25%, 08/14/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 390602 |
| ITC Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 05/14/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 185075 |
| &nbsp;&nbsp;&nbsp; 3.35%, 11/15/27 | &nbsp;&nbsp;&nbsp; 20 | 19465 |
| &nbsp;&nbsp;&nbsp; 4.95%, 09/22/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 540 | 543339 |
| JERA Co. Inc., 3.67%, 04/14/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196652 |
| Kallpa Generacion SA, 4.13%, 08/16/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197851 |
| &nbsp;&nbsp;&nbsp; Kansai Electric Power Co. Inc. (The), 5.04%, <br> 02/26/30<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 203479 |
| Korea Midland Power Co. Ltd., 1.25%, 08/09/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193520 |
| &nbsp;&nbsp;&nbsp; Leeward Renewable Energy Operations LLC, <br> 4.25%, 07/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 130 | 122018 |
| Liberty Utilities Co., 5.58%, 01/31/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 110 | 112646 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Mazoon Assets Co. SAOC |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 11/08/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; $200 | $201286 |
| &nbsp;&nbsp;&nbsp; 5.50%, 02/14/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203360 |
| MidAmerican Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.10%, 05/01/27 | &nbsp;&nbsp;&nbsp; 105 | 103017 |
| &nbsp;&nbsp;&nbsp; 3.65%, 04/15/29 | &nbsp;&nbsp;&nbsp; 325 | 317618 |
| &nbsp;&nbsp;&nbsp; Mid-Atlantic Interstate Transmission LLC, 4.10%, <br> 05/15/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 45 | 44478 |
| Monongahela Power Co., 3.55%, 05/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 113069 |
| MVM Energetika Zrt, 7.50%, 06/09/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 210055 |
| Narragansett Electric Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 3.40%, 04/09/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 185 | 175848 |
| &nbsp;&nbsp;&nbsp; 3.92%, 08/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 5 | 4902 |
| National Central Cooling Co. PJSC |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 10/21/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 190227 |
| &nbsp;&nbsp;&nbsp; 5.28%, 03/05/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203545 |
| National Grid PLC, 5.60%, 06/12/28 | &nbsp;&nbsp;&nbsp; 225 | 231491 |
| National Rural Utilities Cooperative Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.40%, 03/15/30 | &nbsp;&nbsp;&nbsp; 150 | 137395 |
| &nbsp;&nbsp;&nbsp; 3.05%, 04/25/27 | &nbsp;&nbsp;&nbsp; 60 | 58678 |
| &nbsp;&nbsp;&nbsp; 3.40%, 02/07/28 | &nbsp;&nbsp;&nbsp; 300 | 293028 |
| &nbsp;&nbsp;&nbsp; 3.70%, 03/15/29 | &nbsp;&nbsp;&nbsp; 150 | 146484 |
| &nbsp;&nbsp;&nbsp; 3.90%, 11/01/28 | &nbsp;&nbsp;&nbsp; 100 | 98440 |
| &nbsp;&nbsp;&nbsp; 4.12%, 09/16/27 | &nbsp;&nbsp;&nbsp; 95 | 94635 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/07/28 | &nbsp;&nbsp;&nbsp; 90 | 90784 |
| &nbsp;&nbsp;&nbsp; 4.80%, 02/05/27 | &nbsp;&nbsp;&nbsp; 160 | 161026 |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/15/28 | &nbsp;&nbsp;&nbsp; 190 | 192294 |
| &nbsp;&nbsp;&nbsp; 4.85%, 02/07/29 | &nbsp;&nbsp;&nbsp; 170 | 172545 |
| &nbsp;&nbsp;&nbsp; 4.95%, 02/07/30 | &nbsp;&nbsp;&nbsp; 155 | 157990 |
| &nbsp;&nbsp;&nbsp; 5.05%, 09/15/28 | &nbsp;&nbsp;&nbsp; 240 | 244733 |
| &nbsp;&nbsp;&nbsp; 5.10%, 05/06/27 | &nbsp;&nbsp;&nbsp; 75 | 75890 |
| &nbsp;&nbsp;&nbsp; 5.15%, 06/15/29 | &nbsp;&nbsp;&nbsp; 145 | 149008 |
| &nbsp;&nbsp;&nbsp; 5.60%, 11/13/26 | &nbsp;&nbsp;&nbsp; 110 | 111420 |
| &nbsp;&nbsp;&nbsp; 7.13%, 09/15/53, (5-year CMT + 3.533%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 60 | 62767 |
| Nevada Power Co. |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 05/15/55, (5-year CMT + 1.936%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 50 | 49841 |
| &nbsp;&nbsp;&nbsp; Series CC, 3.70%, 05/01/29 | &nbsp;&nbsp;&nbsp; 185 | 180151 |
| &nbsp;&nbsp;&nbsp; Series DD, 2.40%, 05/01/30 | &nbsp;&nbsp;&nbsp; 125 | 113849 |
| New York State Electric & Gas Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 12/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 98324 |
| &nbsp;&nbsp;&nbsp; 5.65%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 57 | 58998 |
| NextEra Energy Capital Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.88%, 01/15/27 | &nbsp;&nbsp;&nbsp; 488 | 470310 |
| &nbsp;&nbsp;&nbsp; 1.90%, 06/15/28 | &nbsp;&nbsp;&nbsp; 465 | 434718 |
| &nbsp;&nbsp;&nbsp; 2.25%, 06/01/30 | &nbsp;&nbsp;&nbsp; 600 | 539747 |
| &nbsp;&nbsp;&nbsp; 2.75%, 11/01/29 | &nbsp;&nbsp;&nbsp; 275 | 256548 |
| &nbsp;&nbsp;&nbsp; 3.50%, 04/01/29 | &nbsp;&nbsp;&nbsp; 195 | 188362 |
| &nbsp;&nbsp;&nbsp; 3.55%, 05/01/27 | &nbsp;&nbsp;&nbsp; 635 | 625193 |
| &nbsp;&nbsp;&nbsp; 3.80%, 03/15/82, (5-year CMT + 2.547%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 95 | 91416 |
| &nbsp;&nbsp;&nbsp; 4.63%, 07/15/27 | &nbsp;&nbsp;&nbsp; 370 | 371275 |
| &nbsp;&nbsp;&nbsp; 4.69%, 09/01/27 | &nbsp;&nbsp;&nbsp; 160 | 160768 |
| &nbsp;&nbsp;&nbsp; 4.80%, 12/01/77<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 40 | 38468 |
| &nbsp;&nbsp;&nbsp; 4.85%, 02/04/28 | &nbsp;&nbsp;&nbsp; 280 | 282967 |
| &nbsp;&nbsp;&nbsp; 4.90%, 02/28/28 | &nbsp;&nbsp;&nbsp; 370 | 373982 |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/15/29 | &nbsp;&nbsp;&nbsp; 320 | 324439 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/28/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 230 | 234414 |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/15/30 | &nbsp;&nbsp;&nbsp; 330 | 335993 |
| &nbsp;&nbsp;&nbsp; 5.65%, 05/01/79<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 145 | 144656 |
| &nbsp;&nbsp;&nbsp; 6.70%, 09/01/54, (5-year CMT + 2.364%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 235 | 242500 |
| Niagara Mohawk Power Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.96%, 06/27/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 132444 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| &nbsp;&nbsp;&nbsp; 4.28%, 12/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $190 | $187966 |
| NorthWestern Corp., 5.07%, 03/21/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 101499 |
| NRG Energy Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.45%, 12/02/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 265 | 250924 |
| &nbsp;&nbsp;&nbsp; 3.38%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 140821 |
| &nbsp;&nbsp;&nbsp; 4.45%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 105 | 103254 |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 222496 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/28 | &nbsp;&nbsp;&nbsp; 225 | 225369 |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 239655 |
| NSTAR Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 05/15/29 | &nbsp;&nbsp;&nbsp; 145 | 139136 |
| &nbsp;&nbsp;&nbsp; 4.85%, 03/01/30 | &nbsp;&nbsp;&nbsp; 140 | 142087 |
| NTPC Ltd., 4.50%, 03/19/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198835 |
| OGE Energy Corp., 5.45%, 05/15/29 | &nbsp;&nbsp;&nbsp; 120 | 123594 |
| Ohio Edison Co., 4.95%, 12/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 65 | 65801 |
| Ohio Power Co., Series P, 2.60%, 04/01/30 | &nbsp;&nbsp;&nbsp; 100 | 91880 |
| Oklahoma Gas & Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 04/01/30 | &nbsp;&nbsp;&nbsp; 100 | 94697 |
| &nbsp;&nbsp;&nbsp; 3.30%, 03/15/30 | &nbsp;&nbsp;&nbsp; 105 | 99465 |
| OmGrid Funding Ltd., 5.20%, 05/16/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200750 |
| Oncor Electric Delivery Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 05/15/30 | &nbsp;&nbsp;&nbsp; 200 | 184906 |
| &nbsp;&nbsp;&nbsp; 3.70%, 11/15/28 | &nbsp;&nbsp;&nbsp; 225 | 220249 |
| &nbsp;&nbsp;&nbsp; 4.30%, 05/15/28 | &nbsp;&nbsp;&nbsp; 200 | 199631 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/20/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 150417 |
| &nbsp;&nbsp;&nbsp; 4.65%, 11/01/29 | &nbsp;&nbsp;&nbsp; 177 | 178552 |
| Pacific Gas and Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp; 2.10%, 08/01/27 | &nbsp;&nbsp;&nbsp; 310 | 294710 |
| &nbsp;&nbsp;&nbsp; 3.00%, 06/15/28 | &nbsp;&nbsp;&nbsp; 375 | 356370 |
| &nbsp;&nbsp;&nbsp; 3.30%, 03/15/27 | &nbsp;&nbsp;&nbsp; 50 | 48861 |
| &nbsp;&nbsp;&nbsp; 3.30%, 12/01/27 | &nbsp;&nbsp;&nbsp; 200 | 193163 |
| &nbsp;&nbsp;&nbsp; 3.75%, 07/01/28 | &nbsp;&nbsp;&nbsp; 385 | 373623 |
| &nbsp;&nbsp;&nbsp; 4.20%, 03/01/29 | &nbsp;&nbsp;&nbsp; 115 | 112211 |
| &nbsp;&nbsp;&nbsp; 4.55%, 07/01/30 | &nbsp;&nbsp;&nbsp; 900 | 882273 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/04/28 | &nbsp;&nbsp;&nbsp; 150 | 150803 |
| &nbsp;&nbsp;&nbsp; 5.45%, 06/15/27 | &nbsp;&nbsp;&nbsp; 165 | 167100 |
| &nbsp;&nbsp;&nbsp; 5.55%, 05/15/29 | &nbsp;&nbsp;&nbsp; 230 | 234410 |
| &nbsp;&nbsp;&nbsp; 6.10%, 01/15/29 | &nbsp;&nbsp;&nbsp; 305 | 315249 |
| PacifiCorp |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 06/15/29 | &nbsp;&nbsp;&nbsp; 130 | 125042 |
| &nbsp;&nbsp;&nbsp; 5.10%, 02/15/29 | &nbsp;&nbsp;&nbsp; 210 | 213634 |
| Palomino Funding Trust I, 7.23%, 05/17/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 235 | 248333 |
| &nbsp;&nbsp;&nbsp; Pattern Energy Operations LP/Pattern Energy <br> Operations Inc., 4.50%, 08/15/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 235 | 227697 |
| &nbsp;&nbsp;&nbsp; Pertamina Geothermal Energy PT, 5.15%, <br> 04/27/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 201967 |
| Perusahaan Listrik Negara PT, 3.88%, 07/17/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194289 |
| &nbsp;&nbsp;&nbsp; Perusahaan Perseroan Persero PT Perusahaan <br> Listrik Negara<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 06/30/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 184970 |
| &nbsp;&nbsp;&nbsp; 4.13%, 05/15/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 594668 |
| &nbsp;&nbsp;&nbsp; 5.38%, 01/25/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204383 |
| &nbsp;&nbsp;&nbsp; 5.45%, 05/21/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203963 |
| PG&E Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/28 | &nbsp;&nbsp;&nbsp; 325 | 317166 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/01/30 | &nbsp;&nbsp;&nbsp; 265 | 253874 |
| &nbsp;&nbsp;&nbsp; 7.38%, 03/15/55, (5-year CMT + 3.883%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 450 | 434145 |
| Pike Corp., 5.50%, 09/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 248970 |
| Pinnacle West Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.90%, 05/15/28 | &nbsp;&nbsp;&nbsp; 155 | 156411 |
| &nbsp;&nbsp;&nbsp; 5.15%, 05/15/30 | &nbsp;&nbsp;&nbsp; 45 | 45867 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| PPL Capital Funding Inc., 4.13%, 04/15/30 | &nbsp;&nbsp;&nbsp; $100 | $97959 |
| PSEG Power LLC, 5.20%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 245152 |
| Public Service Co. of Colorado, 3.70%, 06/15/28 | &nbsp;&nbsp;&nbsp; 65 | 64016 |
| &nbsp;&nbsp;&nbsp; Public Service Co. of New Hampshire, 4.40%, <br> 07/01/28<br>| &nbsp;&nbsp;&nbsp; 100 | 100274 |
| Public Service Electric & Gas Co. |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 09/15/26 | &nbsp;&nbsp;&nbsp; 40 | 39078 |
| &nbsp;&nbsp;&nbsp; 3.00%, 05/15/27 | &nbsp;&nbsp;&nbsp; 45 | 44040 |
| &nbsp;&nbsp;&nbsp; 3.20%, 05/15/29 | &nbsp;&nbsp;&nbsp; 100 | 96180 |
| &nbsp;&nbsp;&nbsp; 3.70%, 05/01/28 | &nbsp;&nbsp;&nbsp; 100 | 98770 |
| Public Service Enterprise Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/15/30 | &nbsp;&nbsp;&nbsp; 185 | 187240 |
| &nbsp;&nbsp;&nbsp; 5.20%, 04/01/29 | &nbsp;&nbsp;&nbsp; 260 | 266438 |
| &nbsp;&nbsp;&nbsp; 5.85%, 11/15/27 | &nbsp;&nbsp;&nbsp; 255 | 262779 |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/15/28 | &nbsp;&nbsp;&nbsp; 265 | 275679 |
| Puget Energy Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.38%, 06/15/28 | &nbsp;&nbsp;&nbsp; 145 | 136261 |
| &nbsp;&nbsp;&nbsp; 4.10%, 06/15/30 | &nbsp;&nbsp;&nbsp; 150 | 144427 |
| &nbsp;&nbsp;&nbsp; ReNew Wind Energy AP2/ReNew Power Pvt Ltd. <br> other 9 Subsidiaries, 4.50%, 07/14/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 190531 |
| &nbsp;&nbsp;&nbsp; Rochester Gas and Electric Corp., 3.10%, <br> 06/01/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 190 | 185992 |
| San Diego Gas & Electric Co., 4.95%, 08/15/28 | &nbsp;&nbsp;&nbsp; 160 | 162844 |
| San Miguel Global Power Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 8.13%, (1-year CMT + 6.404%)<sup>(a)(d)(g)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196061 |
| &nbsp;&nbsp;&nbsp; 8.75%, (5-year CMT + 7.732%)<sup>(a)(d)(g)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200228 |
| &nbsp;&nbsp;&nbsp; Saudi Electricity Global Sukuk Co. 4, 4.72%, <br> 09/27/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 403040 |
| Saudi Electricity Sukuk Programme Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.94%, 02/13/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201998 |
| &nbsp;&nbsp;&nbsp; 5.23%, 02/18/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 406963 |
| Sempra |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 06/15/27 | &nbsp;&nbsp;&nbsp; 75 | 73227 |
| &nbsp;&nbsp;&nbsp; 3.40%, 02/01/28 | &nbsp;&nbsp;&nbsp; 358 | 348190 |
| &nbsp;&nbsp;&nbsp; 3.70%, 04/01/29 | &nbsp;&nbsp;&nbsp; 165 | 160048 |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/01/52, (5-year CMT + 2.868%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 378 | 364961 |
| &nbsp;&nbsp;&nbsp; 5.40%, 08/01/26 | &nbsp;&nbsp;&nbsp; 213 | 214406 |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/01/55, (5-year CMT + 2.354%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 98086 |
| &nbsp;&nbsp;&nbsp; 6.88%, 10/01/54, (5-year CMT + 2.789%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 265 | 267655 |
| &nbsp;&nbsp;&nbsp; SMC Global Power Holdings Corp., 5.45%, (5-year <br> CMT + 7.155%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 193578 |
| Southern California Edison Co. |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 06/01/30 | &nbsp;&nbsp;&nbsp; 150 | 132347 |
| &nbsp;&nbsp;&nbsp; 2.85%, 08/01/29 | &nbsp;&nbsp;&nbsp; 185 | 171612 |
| &nbsp;&nbsp;&nbsp; 4.40%, 09/06/26 | &nbsp;&nbsp;&nbsp; 95 | 94719 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/01/27 | &nbsp;&nbsp;&nbsp; 160 | 160243 |
| &nbsp;&nbsp;&nbsp; 5.15%, 06/01/29 | &nbsp;&nbsp;&nbsp; 195 | 196866 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/15/30 | &nbsp;&nbsp;&nbsp; 175 | 176305 |
| &nbsp;&nbsp;&nbsp; 5.30%, 03/01/28 | &nbsp;&nbsp;&nbsp; 200 | 202242 |
| &nbsp;&nbsp;&nbsp; 5.65%, 10/01/28 | &nbsp;&nbsp;&nbsp; 185 | 189253 |
| &nbsp;&nbsp;&nbsp; 5.85%, 11/01/27 | &nbsp;&nbsp;&nbsp; 345 | 352649 |
| &nbsp;&nbsp;&nbsp; 6.65%, 04/01/29 | &nbsp;&nbsp;&nbsp; 15 | 15641 |
| &nbsp;&nbsp;&nbsp; Series A, 4.20%, 03/01/29 | &nbsp;&nbsp;&nbsp; 195 | 190822 |
| &nbsp;&nbsp;&nbsp; Series B, 3.65%, 03/01/28 | &nbsp;&nbsp;&nbsp; 115 | 112007 |
| &nbsp;&nbsp;&nbsp; Series D, 4.70%, 06/01/27 | &nbsp;&nbsp;&nbsp; 190 | 190052 |
| Southern Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.85%, 06/15/28 | &nbsp;&nbsp;&nbsp; 310 | 314010 |
| &nbsp;&nbsp;&nbsp; 5.11%, 08/01/27 | &nbsp;&nbsp;&nbsp; 220 | 222960 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/15/29 | &nbsp;&nbsp;&nbsp; 265 | 274596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 21-A, 3.75%, 09/15/51, (5-year CMT + <br> 2.915%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 339 | 333837 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| &nbsp;&nbsp;&nbsp; Series 21-B, 1.75%, 03/15/28 | &nbsp;&nbsp;&nbsp; $35 | $32702 |
| &nbsp;&nbsp;&nbsp; Series A, 3.70%, 04/30/30 | &nbsp;&nbsp;&nbsp; 300 | 289190 |
| Southwestern Electric Power Co. |  |  |
| &nbsp;&nbsp;&nbsp; Series K, 2.75%, 10/01/26 | &nbsp;&nbsp;&nbsp; 42 | 41054 |
| &nbsp;&nbsp;&nbsp; Series M, 4.10%, 09/15/28 | &nbsp;&nbsp;&nbsp; 320 | 316359 |
| SP Group Treasury Pte Ltd., 3.38%, 02/27/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 242621 |
| SP PowerAssets Ltd., 3.00%, 09/26/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194741 |
| &nbsp;&nbsp;&nbsp; State Grid Europe Development PLC, 3.25%, <br> 04/07/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 393337 |
| State Grid Overseas Investment BVI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 1.13%, 09/08/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193041 |
| &nbsp;&nbsp;&nbsp; 3.50%, 05/04/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 394750 |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/02/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199764 |
| System Energy Resources Inc., 6.00%, 04/15/28 | &nbsp;&nbsp;&nbsp; 353 | 365476 |
| Talen Energy Supply LLC, 8.63%, 06/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 360 | 382645 |
| Tampa Electric Co., 4.90%, 03/01/29 | &nbsp;&nbsp;&nbsp; 115 | 116603 |
| TNB Global Ventures Capital Bhd |  |  |
| &nbsp;&nbsp;&nbsp; 3.24%, 10/19/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196540 |
| &nbsp;&nbsp;&nbsp; 4.85%, 11/01/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201186 |
| TransAlta Corp., 7.75%, 11/15/29 | &nbsp;&nbsp;&nbsp; 115 | 119694 |
| Transelec SA, 3.88%, 01/12/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193625 |
| Union Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 06/15/27 | &nbsp;&nbsp;&nbsp; 80 | 78185 |
| &nbsp;&nbsp;&nbsp; 2.95%, 03/15/30 | &nbsp;&nbsp;&nbsp; 150 | 140725 |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/15/29 | &nbsp;&nbsp;&nbsp; 195 | 189732 |
| Virginia Electric & Power Co. |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 2.88%, 07/15/29 | &nbsp;&nbsp;&nbsp; 135 | 127622 |
| &nbsp;&nbsp;&nbsp; Series A, 3.50%, 03/15/27 | &nbsp;&nbsp;&nbsp; 275 | 271687 |
| &nbsp;&nbsp;&nbsp; Series A, 3.80%, 04/01/28 | &nbsp;&nbsp;&nbsp; 165 | 163275 |
| &nbsp;&nbsp;&nbsp; Series B, 2.95%, 11/15/26 | &nbsp;&nbsp;&nbsp; 50 | 49057 |
| &nbsp;&nbsp;&nbsp; Series B, 3.75%, 05/15/27 | &nbsp;&nbsp;&nbsp; 350 | 346460 |
| Vistra Operations Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 01/30/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 352 | 347114 |
| &nbsp;&nbsp;&nbsp; 4.30%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 118110 |
| &nbsp;&nbsp;&nbsp; 4.38%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 375 | 363426 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/31/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 435 | 432831 |
| &nbsp;&nbsp;&nbsp; 5.05%, 12/30/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 40 | 40138 |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 299734 |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 385 | 384537 |
| WEC Energy Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/28 | &nbsp;&nbsp;&nbsp; 290 | 292189 |
| &nbsp;&nbsp;&nbsp; 5.15%, 10/01/27 | &nbsp;&nbsp;&nbsp; 290 | 293917 |
| &nbsp;&nbsp;&nbsp; 5.60%, 09/12/26 | &nbsp;&nbsp;&nbsp; 57 | 57592 |
| Wisconsin Electric Power Co. |  |  |
| &nbsp;&nbsp;&nbsp; 1.70%, 06/15/28 | &nbsp;&nbsp;&nbsp; 20 | 18674 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/29 | &nbsp;&nbsp;&nbsp; 85 | 86792 |
| Wisconsin Power and Light Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 07/01/29 | &nbsp;&nbsp;&nbsp; 145 | 137288 |
| &nbsp;&nbsp;&nbsp; 3.05%, 10/15/27 | &nbsp;&nbsp;&nbsp; 10 | 9722 |
| Wisconsin Public Service Corp., 4.55%, 12/01/29 | &nbsp;&nbsp;&nbsp; 80 | 80602 |
| Xcel Energy Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 03/15/27 | &nbsp;&nbsp;&nbsp; 265 | 253545 |
| &nbsp;&nbsp;&nbsp; 2.60%, 12/01/29 | &nbsp;&nbsp;&nbsp; 95 | 87759 |
| &nbsp;&nbsp;&nbsp; 3.35%, 12/01/26 | &nbsp;&nbsp;&nbsp; 85 | 83556 |
| &nbsp;&nbsp;&nbsp; 3.40%, 06/01/30 | &nbsp;&nbsp;&nbsp; 150 | 142128 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/15/28 | &nbsp;&nbsp;&nbsp; 110 | 108902 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/21/28 | &nbsp;&nbsp;&nbsp; 75 | 75480 |
| XPLR Infrastructure Operating Partners LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 161106 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 160084 |
| &nbsp;&nbsp;&nbsp; 7.25%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 245 | 250067 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electric (continued)** | **Electric (continued)** | **Electric (continued)** |
| Zorlu Enerji Elektrik Uretim AS, 11.00%, 04/23/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; $200 | $194760 |
|  |  | 83394981 |
| **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** |
| Emerson Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp; 0.88%, 10/15/26 | &nbsp;&nbsp;&nbsp; 190 | 182734 |
| &nbsp;&nbsp;&nbsp; 2.00%, 12/21/28 | &nbsp;&nbsp;&nbsp; 260 | 241771 |
| Energizer Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/31/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 189672 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194640 |
| &nbsp;&nbsp;&nbsp; 6.50%, 12/31/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 105 | 106456 |
| EnerSys, 4.38%, 12/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 85 | 83500 |
| &nbsp;&nbsp;&nbsp; Molex Electronic Technologies LLC, 4.75%, <br> 04/30/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 75 | 75059 |
| WESCO Distribution Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 280 | 287118 |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 405567 |
| Wolverine Escrow LLC, 0.00%, 01/31/33<sup>(e)(j)(k)</sup> | &nbsp;&nbsp;&nbsp; 463 |  |
|  |  | 1766517 |
| **Electronics — 0.2%** | **Electronics — 0.2%** | **Electronics — 0.2%** |
| Allegion PLC, 3.50%, 10/01/29 | &nbsp;&nbsp;&nbsp; 100 | 95552 |
| Allegion U.S. Holding Co. Inc., 3.55%, 10/01/27 | &nbsp;&nbsp;&nbsp; 150 | 146813 |
| Amphenol Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.80%, 02/15/30 | &nbsp;&nbsp;&nbsp; 270 | 252511 |
| &nbsp;&nbsp;&nbsp; 4.35%, 06/01/29 | &nbsp;&nbsp;&nbsp; 160 | 160295 |
| &nbsp;&nbsp;&nbsp; 4.38%, 06/12/28 | &nbsp;&nbsp;&nbsp; 100 | 100198 |
| &nbsp;&nbsp;&nbsp; 5.05%, 04/05/27 | &nbsp;&nbsp;&nbsp; 195 | 197243 |
| &nbsp;&nbsp;&nbsp; 5.05%, 04/05/29 | &nbsp;&nbsp;&nbsp; 190 | 194470 |
| Arrow Electronics Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 01/12/28 | &nbsp;&nbsp;&nbsp; 195 | 190994 |
| &nbsp;&nbsp;&nbsp; 5.15%, 08/21/29 | &nbsp;&nbsp;&nbsp; 175 | 177350 |
| Avnet Inc., 6.25%, 03/15/28 | &nbsp;&nbsp;&nbsp; 197 | 204292 |
| Coherent Corp., 5.00%, 12/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 295 | 288651 |
| &nbsp;&nbsp;&nbsp; Competition Team Technologies Ltd., 4.25%, <br> 03/12/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 197667 |
| Flex Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/15/29 | &nbsp;&nbsp;&nbsp; 155 | 155615 |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/12/30 | &nbsp;&nbsp;&nbsp; 200 | 200053 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/28 | &nbsp;&nbsp;&nbsp; 165 | 169597 |
| Honeywell International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.10%, 03/01/27 | &nbsp;&nbsp;&nbsp; 550 | 523277 |
| &nbsp;&nbsp;&nbsp; 2.50%, 11/01/26 | &nbsp;&nbsp;&nbsp; 167 | 163268 |
| &nbsp;&nbsp;&nbsp; 2.70%, 08/15/29 | &nbsp;&nbsp;&nbsp; 225 | 211648 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/15/29 | &nbsp;&nbsp;&nbsp; 265 | 264641 |
| &nbsp;&nbsp;&nbsp; 4.65%, 07/30/27 | &nbsp;&nbsp;&nbsp; 510 | 513461 |
| &nbsp;&nbsp;&nbsp; 4.70%, 02/01/30 | &nbsp;&nbsp;&nbsp; 305 | 308336 |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/01/29 | &nbsp;&nbsp;&nbsp; 170 | 173484 |
| &nbsp;&nbsp;&nbsp; 4.95%, 02/15/28 | &nbsp;&nbsp;&nbsp; 301 | 306264 |
| Hubbell Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.15%, 08/15/27 | &nbsp;&nbsp;&nbsp; 190 | 184864 |
| &nbsp;&nbsp;&nbsp; 3.50%, 02/15/28 | &nbsp;&nbsp;&nbsp; 105 | 102741 |
| Imola Merger Corp., 4.75%, 05/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 600 | 581726 |
| Jabil Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.60%, 01/15/30 | &nbsp;&nbsp;&nbsp; 150 | 142723 |
| &nbsp;&nbsp;&nbsp; 3.95%, 01/12/28 | &nbsp;&nbsp;&nbsp; 125 | 123251 |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/15/27 | &nbsp;&nbsp;&nbsp; 227 | 225619 |
| &nbsp;&nbsp;&nbsp; 5.45%, 02/01/29 | &nbsp;&nbsp;&nbsp; 125 | 127480 |
| Keysight Technologies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 10/30/29 | &nbsp;&nbsp;&nbsp; 160 | 149928 |
| &nbsp;&nbsp;&nbsp; 4.60%, 04/06/27 | &nbsp;&nbsp;&nbsp; 210 | 210318 |
| &nbsp;&nbsp;&nbsp; 5.35%, 07/30/30 | &nbsp;&nbsp;&nbsp; 200 | 205707 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Electronics (continued)** | **Electronics (continued)** | **Electronics (continued)** |
| Sensata Technologies BV, 4.00%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $300 | $285141 |
| Sensata Technologies Inc., 4.38%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 124333 |
| TD SYNNEX Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 08/09/26 | &nbsp;&nbsp;&nbsp; 235 | 227894 |
| &nbsp;&nbsp;&nbsp; 2.38%, 08/09/28 | &nbsp;&nbsp;&nbsp; 110 | 102886 |
| Trimble Inc., 4.90%, 06/15/28 | &nbsp;&nbsp;&nbsp; 165 | 166709 |
| TTM Technologies Inc., 4.00%, 03/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 142897 |
| Tyco Electronics Group SA |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 08/15/27 | &nbsp;&nbsp;&nbsp; 220 | 214859 |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/01/30 | &nbsp;&nbsp;&nbsp; 115 | 115793 |
| Vontier Corp., 2.40%, 04/01/28 | &nbsp;&nbsp;&nbsp; 175 | 164467 |
|  |  | 8795016 |
| **Energy - Alternate Sources — 0.0%** | **Energy - Alternate Sources — 0.0%** | **Energy - Alternate Sources — 0.0%** |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Future Energy Co Pjsc Masdar, 4.88%, <br> 07/25/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 202296 |
| &nbsp;&nbsp;&nbsp; Contemporary Ruiding Development Ltd., 1.50%, <br> 09/09/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 193201 |
| Greenko Power II Ltd., 4.30%, 12/13/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 160 | 150829 |
| &nbsp;&nbsp;&nbsp; Greenko Wind Projects Mauritius Ltd., 7.25%, <br> 09/27/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 406672 |
| &nbsp;&nbsp;&nbsp; Hanwha Q Cells Americas Holdings Corp., 5.00%, <br> 07/27/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 201890 |
| SK Battery America Inc., 4.88%, 01/23/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200363 |
| TerraForm Power Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 191828 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/31/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 260 | 256147 |
|  |  | 1803226 |
| **Engineering & Construction — 0.2%** | **Engineering & Construction — 0.2%** | **Engineering & Construction — 0.2%** |
| Arcosa Inc., 4.38%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 120520 |
| &nbsp;&nbsp;&nbsp; ASG Finance Designated Activity Co., 9.75%, <br> 05/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 187139 |
| &nbsp;&nbsp;&nbsp; ATP Tower Holdings / Andean Telecom Partners <br> Chile SpA / Andean Tower Partners C, 7.88%, <br> 02/03/30<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 203222 |
| &nbsp;&nbsp;&nbsp; CCCI Treasure Ltd., 3.65%, (5-year CMT + <br> 5.117%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 196173 |
| China Railway Xunjie Co. Ltd., 4.00%, 07/06/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198070 |
| &nbsp;&nbsp;&nbsp; Chouzhou International Investment Ltd., 4.80%, <br> 01/15/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 199841 |
| Delhi International Airport Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 10/31/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201839 |
| &nbsp;&nbsp;&nbsp; 6.45%, 06/04/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205649 |
| Dianjian Haiyu Ltd., 4.30%, 09/10/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199219 |
| Dycom Industries Inc., 4.50%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 152 | 147316 |
| Fluor Corp., 4.25%, 09/15/28 | &nbsp;&nbsp;&nbsp; 190 | 187073 |
| &nbsp;&nbsp;&nbsp; Global Infrastructure Solutions Inc., 5.63%, <br> 06/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 120 | 119342 |
| &nbsp;&nbsp;&nbsp; Great Lakes Dredge & Dock Corp., 5.25%, <br> 06/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 100 | 94813 |
| &nbsp;&nbsp;&nbsp; Hongkong International Qingdao Co. Ltd., 5.75%, <br> 09/12/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 404685 |
| HTA Group Ltd./Mauritius, 7.50%, 06/04/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205924 |
| &nbsp;&nbsp;&nbsp; Hubei United Development Investment Group Co. <br> Ltd., 5.10%, 02/19/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200206 |
| IHS Holding Ltd., 6.25%, 11/29/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196682 |
| INNOVATE Corp., 8.50%, 02/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 17 | 14907 |
| Jacobs Engineering Group Inc., 6.35%, 08/18/28 | &nbsp;&nbsp;&nbsp; 230 | 240616 |
| &nbsp;&nbsp;&nbsp; Jinan Urban Construction International Investment <br> Co. Ltd., 5.00%, 11/06/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200118 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Engineering & Construction (continued)** | **Engineering & Construction (continued)** | **Engineering & Construction (continued)** |
| MasTec Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $145 | $143431 |
| &nbsp;&nbsp;&nbsp; 5.90%, 06/15/29 | &nbsp;&nbsp;&nbsp; 235 | 243487 |
| Mexico City Airport Trust, 4.25%, 10/31/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198516 |
| &nbsp;&nbsp;&nbsp; Railworks Holdings LP/Railworks Rally Inc., 8.25%, <br> 11/15/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 100 | 102287 |
| &nbsp;&nbsp;&nbsp; Sepco Virgin Ltd., 4.65%, (5-year CMT + <br> 3.000%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200000 |
| Ste Transcore Holdings Inc., 3.38%, 05/05/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196831 |
| &nbsp;&nbsp;&nbsp; Taizhou Urban Construction and Investment <br> Development Group Co. Ltd., 5.45%, 07/11/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200944 |
| TopBuild Corp., 3.63%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 117914 |
| Tutor Perini Corp., 11.88%, 04/30/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 80 | 89880 |
| Vinci SA, 3.75%, 04/10/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 297702 |
| &nbsp;&nbsp;&nbsp; Weekley Homes LLC/Weekley Finance Corp., <br> 4.88%, 09/15/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 135 | 130248 |
| Wuhan Metro Group Co. Ltd., 4.45%, 10/22/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199275 |
| Xingcheng Bvi Ltd., 2.38%, 10/08/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193036 |
| YI Bright International Ltd., 6.68%, 06/20/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203983 |
| Yongda Investment Ltd., 4.60%, 06/03/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200010 |
|  |  | 6440898 |
| **Entertainment — 0.2%** | **Entertainment — 0.2%** | **Entertainment — 0.2%** |
| Affinity Interactive, 6.88%, 12/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 179 | 98813 |
| &nbsp;&nbsp;&nbsp; Allwyn Entertainment Financing U.K. PLC, 7.88%, <br> 04/30/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 207800 |
| &nbsp;&nbsp;&nbsp; AMC Entertainment Holdings Inc., 7.50%, <br> 02/15/29<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 285 | 242469 |
| Banijay Entertainment SASU, 8.13%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 139981 |
| Boyne USA Inc., 4.75%, 05/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194066 |
| Brightstar Lottery PLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198467 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 242449 |
| Caesars Entertainment Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 350 | 330901 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 700 | 722121 |
| Churchill Downs Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 245 | 241721 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 179722 |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 365 | 364353 |
| Cinemark USA Inc., 5.25%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 255 | 253316 |
| Empire Resorts Inc., 7.75%, 11/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 85 | 83905 |
| &nbsp;&nbsp;&nbsp; Flutter Treasury Designated Activity Co., 6.38%, <br> 04/29/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 220 | 226257 |
| &nbsp;&nbsp;&nbsp; Great Canadian Gaming Corp./Raptor LLC, 8.75%, <br> 11/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 155 | 151850 |
| Jacobs Entertainment Inc., 6.75%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 146187 |
| Light & Wonder International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 05/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 250322 |
| &nbsp;&nbsp;&nbsp; 7.25%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 154012 |
| Live Nation Entertainment Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 145752 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 315 | 310202 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 375 | 379257 |
| &nbsp;&nbsp;&nbsp; Midwest Gaming Borrower LLC/Midwest Gaming <br> Finance Corp., 4.88%, 05/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 225 | 216857 |
| &nbsp;&nbsp;&nbsp; Mohegan Tribal Gaming Authority/MS Digital <br> Entertainment Holdings LLC, 8.25%, 04/15/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 230 | 238325 |
| Motion Bondco DAC, 6.63%, 11/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 138038 |
| Odeon Finco PLC, 12.75%, 11/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 125211 |
| Penn Entertainment Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 07/01/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 110 | 101962 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond 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; 5.63%, 01/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $135 | $134333 |
| &nbsp;&nbsp;&nbsp; Premier Entertainment Sub LLC/Premier <br> Entertainment Finance Corp., 5.63%, 09/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 220 | 132000 |
| &nbsp;&nbsp;&nbsp; Resorts World Las Vegas LLC/RWLV Capital Inc., <br> 4.63%, 04/16/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 355448 |
| &nbsp;&nbsp;&nbsp; Scientific Games Holdings LP/Scientific Games <br> U.S. FinCo Inc., 6.63%, 03/01/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 235 | 226539 |
| &nbsp;&nbsp;&nbsp; SeaWorld Parks & Entertainment Inc., 5.25%, <br> 08/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 225 | 219471 |
| &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp./Canada's <br> Wonderland Co./Magnum Management Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/29 | &nbsp;&nbsp;&nbsp; 100 | 97171 |
| &nbsp;&nbsp;&nbsp; 5.38%, 04/15/27 | &nbsp;&nbsp;&nbsp; 185 | 184545 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/01/28 | &nbsp;&nbsp;&nbsp; 50 | 50455 |
| &nbsp;&nbsp;&nbsp; Six Flags Entertainment Corp./DE, 5.50%, <br> 04/15/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 160 | 159675 |
| &nbsp;&nbsp;&nbsp; Speedway Motorsports LLC/Speedway Funding <br> II Inc., 4.88%, 11/01/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 130 | 128598 |
| Starz Capital Holdings LLC, 5.50%, 04/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 100 | 82779 |
| Vail Resorts Inc., 5.63%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 145755 |
| Warnermedia Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.76%, 03/15/27 | &nbsp;&nbsp;&nbsp; 400 | 392007 |
| &nbsp;&nbsp;&nbsp; 4.05%, 03/15/29 | &nbsp;&nbsp;&nbsp; 480 | 451622 |
| WMG Acquisition Corp., 3.75%, 12/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 150248 |
| &nbsp;&nbsp;&nbsp; Wynn Resorts Finance LLC/Wynn Resorts Capital <br> Corp., 5.13%, 10/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 198397 |
|  |  | 9193359 |
| **Environmental Control — 0.1%** | **Environmental Control — 0.1%** | **Environmental Control — 0.1%** |
| Clean Harbors Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198337 |
| &nbsp;&nbsp;&nbsp; 5.13%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 5 | 4913 |
| Enviri Corp., 5.75%, 07/31/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 157355 |
| GFL Environmental Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 09/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 240707 |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 242189 |
| &nbsp;&nbsp;&nbsp; 4.38%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 145062 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 220181 |
| Madison IAQ LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 06/30/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 222616 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/30/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 325 | 316877 |
| Republic Services Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.30%, 03/01/30 | &nbsp;&nbsp;&nbsp; 175 | 159512 |
| &nbsp;&nbsp;&nbsp; 3.38%, 11/15/27 | &nbsp;&nbsp;&nbsp; 65 | 63770 |
| &nbsp;&nbsp;&nbsp; 3.95%, 05/15/28 | &nbsp;&nbsp;&nbsp; 275 | 272799 |
| &nbsp;&nbsp;&nbsp; 4.88%, 04/01/29 | &nbsp;&nbsp;&nbsp; 215 | 219018 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/29 | &nbsp;&nbsp;&nbsp; 135 | 138100 |
| Reworld Holding Corp., 4.88%, 12/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 214589 |
| Veralto Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.35%, 09/18/28 | &nbsp;&nbsp;&nbsp; 265 | 271693 |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/18/26 | &nbsp;&nbsp;&nbsp; 285 | 287629 |
| Waste Connections Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.60%, 02/01/30 | &nbsp;&nbsp;&nbsp; 190 | 176119 |
| &nbsp;&nbsp;&nbsp; 3.50%, 05/01/29 | &nbsp;&nbsp;&nbsp; 160 | 156151 |
| &nbsp;&nbsp;&nbsp; 4.25%, 12/01/28 | &nbsp;&nbsp;&nbsp; 140 | 139797 |
| Waste Management Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.15%, 03/15/28 | &nbsp;&nbsp;&nbsp; 55 | 50900 |
| &nbsp;&nbsp;&nbsp; 2.00%, 06/01/29 | &nbsp;&nbsp;&nbsp; 145 | 133523 |
| &nbsp;&nbsp;&nbsp; 3.15%, 11/15/27 | &nbsp;&nbsp;&nbsp; 330 | 322140 |
| &nbsp;&nbsp;&nbsp; 3.88%, 01/15/29 | &nbsp;&nbsp;&nbsp; 185 | 182124 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/15/28 | &nbsp;&nbsp;&nbsp; 300 | 301767 |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/15/30 | &nbsp;&nbsp;&nbsp; 220 | 221990 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Environmental Control (continued)** | **Environmental Control (continued)** | **Environmental Control (continued)** |
| &nbsp;&nbsp;&nbsp; 4.65%, 03/15/30 | &nbsp;&nbsp;&nbsp; $200 | $202056 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/15/29 | &nbsp;&nbsp;&nbsp; 265 | 270353 |
| &nbsp;&nbsp;&nbsp; 4.95%, 07/03/27 | &nbsp;&nbsp;&nbsp; 150 | 152026 |
|  |  | 5684293 |
| **Food — 0.6%** | **Food — 0.6%** | **Food — 0.6%** |
| Ahold Finance USA LLC, 6.88%, 05/01/29 | &nbsp;&nbsp;&nbsp; 110 | 119158 |
| &nbsp;&nbsp;&nbsp; Albertsons Companies Inc./Safeway Inc./New <br> Albertsons LP/Albertsons LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 375 | 353889 |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 455 | 451576 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 292640 |
| &nbsp;&nbsp;&nbsp; 5.88%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199933 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 250 | 254137 |
| Alsea SAB de CV, 7.75%, 12/14/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201565 |
| &nbsp;&nbsp;&nbsp; Aragvi Finance International DAC, 11.13%, <br> 11/20/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200843 |
| B&G Foods Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/15/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 175 | 155249 |
| &nbsp;&nbsp;&nbsp; 8.00%, 09/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 245 | 229136 |
| Bimbo Bakeries USA Inc., 6.05%, 01/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 207888 |
| BRF SA, 4.88%, 01/24/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 191572 |
| C&S Group Enterprises LLC, 5.00%, 12/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 120661 |
| Cencosud SA, 4.38%, 07/17/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 396948 |
| &nbsp;&nbsp;&nbsp; Chobani Holdco II LLC, 8.75%, 10/01/29, (8.75% <br> PIK)<sup>(b)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 208 | 223997 |
| Chobani LLC/Chobani Finance Corp. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 122709 |
| &nbsp;&nbsp;&nbsp; 7.63%, 07/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 156177 |
| &nbsp;&nbsp;&nbsp; CK Hutchison International 20 Ltd., 2.50%, <br> 05/08/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 182582 |
| Conagra Brands Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.38%, 11/01/27 | &nbsp;&nbsp;&nbsp; 365 | 339338 |
| &nbsp;&nbsp;&nbsp; 4.85%, 11/01/28 | &nbsp;&nbsp;&nbsp; 345 | 346348 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 150 | 150300 |
| &nbsp;&nbsp;&nbsp; 5.30%, 10/01/26 | &nbsp;&nbsp;&nbsp; 175 | 176143 |
| &nbsp;&nbsp;&nbsp; 7.00%, 10/01/28 | &nbsp;&nbsp;&nbsp; 173 | 184047 |
| Danone SA, 2.95%, 11/02/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 695 | 681661 |
| General Mills Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 04/15/30 | &nbsp;&nbsp;&nbsp; 200 | 185463 |
| &nbsp;&nbsp;&nbsp; 3.20%, 02/10/27 | &nbsp;&nbsp;&nbsp; 215 | 211125 |
| &nbsp;&nbsp;&nbsp; 4.20%, 04/17/28 | &nbsp;&nbsp;&nbsp; 345 | 343440 |
| &nbsp;&nbsp;&nbsp; 4.70%, 01/30/27 | &nbsp;&nbsp;&nbsp; 150 | 150494 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/30/30 | &nbsp;&nbsp;&nbsp; 260 | 263249 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/17/28 | &nbsp;&nbsp;&nbsp; 215 | 221757 |
| Grupo Nutresa SA, 8.00%, 05/12/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 421675 |
| Hershey Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 2.30%, 08/15/26 | &nbsp;&nbsp;&nbsp; 30 | 29385 |
| &nbsp;&nbsp;&nbsp; 2.45%, 11/15/29 | &nbsp;&nbsp;&nbsp; 100 | 92740 |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/04/28 | &nbsp;&nbsp;&nbsp; 120 | 120443 |
| &nbsp;&nbsp;&nbsp; 4.55%, 02/24/28 | &nbsp;&nbsp;&nbsp; 60 | 60581 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/24/30 | &nbsp;&nbsp;&nbsp; 165 | 167388 |
| Hormel Foods Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.70%, 06/03/28 | &nbsp;&nbsp;&nbsp; 70 | 65286 |
| &nbsp;&nbsp;&nbsp; 1.80%, 06/11/30 | &nbsp;&nbsp;&nbsp; 250 | 221341 |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/30/27 | &nbsp;&nbsp;&nbsp; 185 | 186285 |
| Ingredion Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.90%, 06/01/30 | &nbsp;&nbsp;&nbsp; 150 | 138485 |
| &nbsp;&nbsp;&nbsp; 3.20%, 10/01/26 | &nbsp;&nbsp;&nbsp; 35 | 34432 |
| J.M. Smucker Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 2.38%, 03/15/30 | &nbsp;&nbsp;&nbsp; 100 | 90944 |
| &nbsp;&nbsp;&nbsp; 5.90%, 11/15/28 | &nbsp;&nbsp;&nbsp; 280 | 292584 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| &nbsp;&nbsp;&nbsp; JBS USA Holding Lux SARL/JBS USA Food <br> Co./JBS Lux Co. SARL, 3.00%, 02/02/29<br>| &nbsp;&nbsp;&nbsp; $100 | $94886 |
| JGSH Philippines Ltd., 4.13%, 07/09/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193335 |
| &nbsp;&nbsp;&nbsp; KeHE Distributors LLC/KeHE Finance <br> Corp./NextWave Distribution Inc., 9.00%, <br> 02/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 290 | 302602 |
| Kellanova |  |  |
| &nbsp;&nbsp;&nbsp; 3.40%, 11/15/27 | &nbsp;&nbsp;&nbsp; 125 | 122391 |
| &nbsp;&nbsp;&nbsp; 4.30%, 05/15/28 | &nbsp;&nbsp;&nbsp; 295 | 295603 |
| Kraft Heinz Foods Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/01/30 | &nbsp;&nbsp;&nbsp; 200 | 191200 |
| &nbsp;&nbsp;&nbsp; 3.88%, 05/15/27 | &nbsp;&nbsp;&nbsp; 497 | 490917 |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/30/29 | &nbsp;&nbsp;&nbsp; 85 | 85093 |
| Kroger Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 2.65%, 10/15/26 | &nbsp;&nbsp;&nbsp; 335 | 327673 |
| &nbsp;&nbsp;&nbsp; 3.70%, 08/01/27 | &nbsp;&nbsp;&nbsp; 25 | 24694 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/15/29 | &nbsp;&nbsp;&nbsp; 240 | 241284 |
| Lamb Weston Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 01/31/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 261309 |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198021 |
| Land O'Lakes Capital Trust I, 7.45%, 03/15/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 65 | 65625 |
| Mars Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.20%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 188920 |
| &nbsp;&nbsp;&nbsp; 4.45%, 03/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 580 | 580832 |
| &nbsp;&nbsp;&nbsp; 4.55%, 04/20/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 330 | 331767 |
| &nbsp;&nbsp;&nbsp; 4.60%, 03/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1010 | 1015592 |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1315 | 1327893 |
| McCormick & Co. Inc./MD |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 04/15/30 | &nbsp;&nbsp;&nbsp; 150 | 137054 |
| &nbsp;&nbsp;&nbsp; 3.40%, 08/15/27 | &nbsp;&nbsp;&nbsp; 179 | 175683 |
| &nbsp;&nbsp;&nbsp; Mondelez International Holdings Netherlands BV, <br> 1.25%, 09/24/26<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 195 | 187812 |
| Mondelez International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.63%, 03/17/27 | &nbsp;&nbsp;&nbsp; 242 | 235282 |
| &nbsp;&nbsp;&nbsp; 2.75%, 04/13/30 | &nbsp;&nbsp;&nbsp; 200 | 184899 |
| &nbsp;&nbsp;&nbsp; 4.13%, 05/07/28 | &nbsp;&nbsp;&nbsp; 95 | 94525 |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/06/28 | &nbsp;&nbsp;&nbsp; 75 | 74763 |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/06/30 | &nbsp;&nbsp;&nbsp; 175 | 174197 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/20/29 | &nbsp;&nbsp;&nbsp; 160 | 162174 |
| Nestle Capital Corp., 4.65%, 03/12/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 152269 |
| Nestle Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.00%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 395 | 369903 |
| &nbsp;&nbsp;&nbsp; 1.15%, 01/14/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 265 | 253699 |
| &nbsp;&nbsp;&nbsp; 1.50%, 09/14/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 193816 |
| &nbsp;&nbsp;&nbsp; 3.63%, 09/24/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 295232 |
| &nbsp;&nbsp;&nbsp; 4.13%, 10/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 224913 |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 159936 |
| &nbsp;&nbsp;&nbsp; 4.95%, 03/14/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 168662 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/14/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 208995 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/12/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 153341 |
| Performance Food Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 288424 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 325 | 324672 |
| Post Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 430 | 410753 |
| &nbsp;&nbsp;&nbsp; 5.50%, 12/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 347032 |
| Sigma Finance Netherlands BV, 4.88%, 03/27/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199764 |
| &nbsp;&nbsp;&nbsp; Simmons Foods Inc./Simmons Prepared <br> Foods Inc./Simmons Pet Food Inc./Simmons <br> Feed, 4.63%, 03/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 260 | 246087 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Food (continued)** | **Food (continued)** | **Food (continued)** |
| Smithfield Foods Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $222 | $219361 |
| &nbsp;&nbsp;&nbsp; 5.20%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 140 | 140569 |
| Sysco Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.40%, 02/15/30 | &nbsp;&nbsp;&nbsp; 150 | 136716 |
| &nbsp;&nbsp;&nbsp; 3.25%, 07/15/27 | &nbsp;&nbsp;&nbsp; 107 | 104670 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/17/29 | &nbsp;&nbsp;&nbsp; 130 | 135145 |
| &nbsp;&nbsp;&nbsp; 5.95%, 04/01/30 | &nbsp;&nbsp;&nbsp; 300 | 316036 |
| The Campbell's Co. |  |  |
| &nbsp;&nbsp;&nbsp; 2.38%, 04/24/30 | &nbsp;&nbsp;&nbsp; 150 | 135103 |
| &nbsp;&nbsp;&nbsp; 4.15%, 03/15/28 | &nbsp;&nbsp;&nbsp; 380 | 377434 |
| &nbsp;&nbsp;&nbsp; 5.20%, 03/19/27 | &nbsp;&nbsp;&nbsp; 165 | 166862 |
| &nbsp;&nbsp;&nbsp; 5.20%, 03/21/29 | &nbsp;&nbsp;&nbsp; 155 | 158018 |
| TreeHouse Foods Inc., 4.00%, 09/01/28 | &nbsp;&nbsp;&nbsp; 160 | 147236 |
| Tyson Foods Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.55%, 06/02/27 | &nbsp;&nbsp;&nbsp; 346 | 339953 |
| &nbsp;&nbsp;&nbsp; 4.35%, 03/01/29 | &nbsp;&nbsp;&nbsp; 265 | 262922 |
| &nbsp;&nbsp;&nbsp; 5.40%, 03/15/29 | &nbsp;&nbsp;&nbsp; 150 | 153959 |
| U.S. Foods Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 144642 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 299006 |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 180165 |
| United Natural Foods Inc., 6.75%, 10/15/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 160 | 159328 |
|  |  | 24576243 |
| **Food Service — 0.0%** | **Food Service — 0.0%** | **Food Service — 0.0%** |
| Aramark Services Inc., 5.00%, 02/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 385 | 381246 |
| TKC Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 154991 |
| &nbsp;&nbsp;&nbsp; 10.50%, 05/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205495 |
|  |  | 741732 |
| **Forest Products & Paper — 0.1%** | **Forest Products & Paper — 0.1%** | **Forest Products & Paper — 0.1%** |
| Ahlstrom Holding 3 OY, 4.88%, 02/04/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 96041 |
| Celulosa Arauco y Constitucion SA |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/02/27 | &nbsp;&nbsp;&nbsp; 205 | 200864 |
| &nbsp;&nbsp;&nbsp; 4.25%, 04/30/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193352 |
| Domtar Corp., 6.75%, 10/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 182899 |
| Georgia-Pacific LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.10%, 04/30/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 173352 |
| &nbsp;&nbsp;&nbsp; 2.30%, 04/30/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 271557 |
| &nbsp;&nbsp;&nbsp; 4.40%, 06/30/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 120227 |
| &nbsp;&nbsp;&nbsp; 7.75%, 11/15/29 | &nbsp;&nbsp;&nbsp; 122 | 137630 |
| Inversiones CMPC SA, 4.38%, 04/04/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198477 |
| Magnera Corp., 4.75%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 127938 |
| Mercer International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/01/29 | &nbsp;&nbsp;&nbsp; 264 | 212754 |
| &nbsp;&nbsp;&nbsp; 12.88%, 10/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 93 | 93789 |
| Suzano Austria GmbH |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 09/15/28 | &nbsp;&nbsp;&nbsp; 155 | 143766 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/30 | &nbsp;&nbsp;&nbsp; 300 | 298596 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/29 | &nbsp;&nbsp;&nbsp; 510 | 523658 |
| Suzano International Finance BV, 5.50%, 01/17/27 | &nbsp;&nbsp;&nbsp; 333 | 336782 |
| UPM-Kymmene OYJ, 7.45%, 11/26/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 105287 |
|  |  | 3416969 |
| **Gas — 0.2%** | **Gas — 0.2%** | **Gas — 0.2%** |
| AmeriGas Partners LP/AmeriGas Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/20/27 | &nbsp;&nbsp;&nbsp; 175 | 173967 |
| &nbsp;&nbsp;&nbsp; 9.38%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 175039 |
| &nbsp;&nbsp;&nbsp; 9.50%, 06/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 157492 |
| APA Infrastructure Ltd., 4.25%, 07/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 303091 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Gas (continued)** | **Gas (continued)** | **Gas (continued)** |
| Atmos Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.63%, 09/15/29 | &nbsp;&nbsp;&nbsp; $115 | $107355 |
| &nbsp;&nbsp;&nbsp; 3.00%, 06/15/27 | &nbsp;&nbsp;&nbsp; 185 | 180872 |
| Boston Gas Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 146009 |
| &nbsp;&nbsp;&nbsp; 3.15%, 08/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 70 | 68099 |
| Brooklyn Union Gas Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 3.87%, 03/04/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 116457 |
| &nbsp;&nbsp;&nbsp; 4.63%, 08/05/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 193 | 192814 |
| CenterPoint Energy Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/01/28 | &nbsp;&nbsp;&nbsp; 85 | 84078 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/01/28 | &nbsp;&nbsp;&nbsp; 380 | 388415 |
| East Ohio Gas Co. (The), 2.00%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 105 | 92774 |
| ENN Energy Holdings Ltd., 4.63%, 05/17/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 398876 |
| KeySpan Gas East Corp., 2.74%, 08/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 285 | 278551 |
| Korea Gas Corp., 2.88%, 07/16/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 189273 |
| National Fuel Gas Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 09/01/28 | &nbsp;&nbsp;&nbsp; 35 | 34863 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/01/26 | &nbsp;&nbsp;&nbsp; 130 | 131019 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/15/30 | &nbsp;&nbsp;&nbsp; 150 | 153854 |
| NiSource Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 09/01/29 | &nbsp;&nbsp;&nbsp; 220 | 207315 |
| &nbsp;&nbsp;&nbsp; 3.49%, 05/15/27 | &nbsp;&nbsp;&nbsp; 310 | 304743 |
| &nbsp;&nbsp;&nbsp; 3.60%, 05/01/30 | &nbsp;&nbsp;&nbsp; 300 | 287650 |
| &nbsp;&nbsp;&nbsp; 5.20%, 07/01/29 | &nbsp;&nbsp;&nbsp; 200 | 204726 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/30/28 | &nbsp;&nbsp;&nbsp; 420 | 428563 |
| &nbsp;&nbsp;&nbsp; 6.95%, 11/30/54, (5-year CMT + 2.451%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 150 | 155858 |
| ONE Gas Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 05/15/30 | &nbsp;&nbsp;&nbsp; 90 | 80459 |
| &nbsp;&nbsp;&nbsp; 5.10%, 04/01/29 | &nbsp;&nbsp;&nbsp; 150 | 153478 |
| Piedmont Natural Gas Co. Inc., 3.50%, 06/01/29 | &nbsp;&nbsp;&nbsp; 180 | 173733 |
| &nbsp;&nbsp;&nbsp; Shaoxing City Investment Group Ltd., 2.50%, <br> 08/19/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 388190 |
| Snam SpA, 5.00%, 05/28/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201161 |
| Southern California Gas Co. |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 04/15/27 | &nbsp;&nbsp;&nbsp; 605 | 590888 |
| &nbsp;&nbsp;&nbsp; Series XX, 2.55%, 02/01/30 | &nbsp;&nbsp;&nbsp; 200 | 183589 |
| Southwest Gas Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.20%, 06/15/30 | &nbsp;&nbsp;&nbsp; 100 | 89539 |
| &nbsp;&nbsp;&nbsp; 3.70%, 04/01/28 | &nbsp;&nbsp;&nbsp; 50 | 48875 |
| &nbsp;&nbsp;&nbsp; 5.45%, 03/23/28 | &nbsp;&nbsp;&nbsp; 95 | 97128 |
| &nbsp;&nbsp;&nbsp; 5.80%, 12/01/27 | &nbsp;&nbsp;&nbsp; 65 | 66745 |
|  |  | 7035538 |
| **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** | **Hand & Machine Tools — 0.0%** |
| Kennametal Inc., 4.63%, 06/15/28 | &nbsp;&nbsp;&nbsp; 70 | 69992 |
| Stanley Black & Decker Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.30%, 03/15/30 | &nbsp;&nbsp;&nbsp; 240 | 214447 |
| &nbsp;&nbsp;&nbsp; 4.25%, 11/15/28 | &nbsp;&nbsp;&nbsp; 110 | 109276 |
| &nbsp;&nbsp;&nbsp; 6.00%, 03/06/28 | &nbsp;&nbsp;&nbsp; 180 | 186368 |
|  |  | 580083 |
| **Health Care - Products — 0.3%** | **Health Care - Products — 0.3%** | **Health Care - Products — 0.3%** |
| Abbott Laboratories |  |  |
| &nbsp;&nbsp;&nbsp; 1.15%, 01/30/28 | &nbsp;&nbsp;&nbsp; 185 | 172516 |
| &nbsp;&nbsp;&nbsp; 3.75%, 11/30/26 | &nbsp;&nbsp;&nbsp; 575 | 571692 |
| Agilent Technologies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.10%, 06/04/30 | &nbsp;&nbsp;&nbsp; 105 | 93667 |
| &nbsp;&nbsp;&nbsp; 2.75%, 09/15/29 | &nbsp;&nbsp;&nbsp; 155 | 144716 |
| &nbsp;&nbsp;&nbsp; 4.20%, 09/09/27 | &nbsp;&nbsp;&nbsp; 175 | 174251 |
| Alcon Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.60%, 05/27/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 183394 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Products (continued)** | **Health Care - Products (continued)** | **Health Care - Products (continued)** |
| &nbsp;&nbsp;&nbsp; 2.75%, 09/23/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $230 | $224823 |
| &nbsp;&nbsp;&nbsp; 3.00%, 09/23/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 235535 |
| Avantor Funding Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 235 | 221322 |
| &nbsp;&nbsp;&nbsp; 4.63%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 460 | 449693 |
| Bausch & Lomb Corp., 8.38%, 10/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 420 | 438969 |
| Baxter International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.92%, 02/01/27 | &nbsp;&nbsp;&nbsp; 497 | 478207 |
| &nbsp;&nbsp;&nbsp; 2.27%, 12/01/28 | &nbsp;&nbsp;&nbsp; 420 | 390246 |
| &nbsp;&nbsp;&nbsp; 3.95%, 04/01/30 | &nbsp;&nbsp;&nbsp; 150 | 145818 |
| Boston Scientific Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.65%, 06/01/30 | &nbsp;&nbsp;&nbsp; 350 | 322614 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/01/28 | &nbsp;&nbsp;&nbsp; 15 | 14928 |
| Dentsply Sirona Inc., 3.25%, 06/01/30 | &nbsp;&nbsp;&nbsp; 200 | 181757 |
| DH Europe Finance II SARL, 2.60%, 11/15/29 | &nbsp;&nbsp;&nbsp; 200 | 186059 |
| Edwards Lifesciences Corp., 4.30%, 06/15/28 | &nbsp;&nbsp;&nbsp; 250 | 249434 |
| Embecta Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/30<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 150 | 136033 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 10 | 9627 |
| GE HealthCare Technologies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.80%, 08/14/29 | &nbsp;&nbsp;&nbsp; 285 | 288252 |
| &nbsp;&nbsp;&nbsp; 5.65%, 11/15/27 | &nbsp;&nbsp;&nbsp; 595 | 609900 |
| &nbsp;&nbsp;&nbsp; 5.86%, 03/15/30 | &nbsp;&nbsp;&nbsp; 400 | 420985 |
| Hologic Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 284073 |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 143020 |
| Medline Borrower LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1295 | 1234966 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 780 | 765352 |
| &nbsp;&nbsp;&nbsp; Medline Borrower LP/Medline Co-Issuer Inc., 6.25%, <br> 04/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 435 | 444258 |
| Medtronic Global Holdings SCA, 4.25%, 03/30/28 | &nbsp;&nbsp;&nbsp; 265 | 264967 |
| Neogen Food Safety Corp., 8.63%, 07/20/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 105 | 106055 |
| Revvity Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.90%, 09/15/28 | &nbsp;&nbsp;&nbsp; 160 | 147404 |
| &nbsp;&nbsp;&nbsp; 3.30%, 09/15/29 | &nbsp;&nbsp;&nbsp; 275 | 259889 |
| Solventum Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.40%, 03/01/29 | &nbsp;&nbsp;&nbsp; 475 | 488680 |
| &nbsp;&nbsp;&nbsp; 5.45%, 02/25/27 | &nbsp;&nbsp;&nbsp; 220 | 223421 |
| Stryker Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.95%, 06/15/30 | &nbsp;&nbsp;&nbsp; 250 | 222412 |
| &nbsp;&nbsp;&nbsp; 3.65%, 03/07/28 | &nbsp;&nbsp;&nbsp; 200 | 196970 |
| &nbsp;&nbsp;&nbsp; 4.25%, 09/11/29 | &nbsp;&nbsp;&nbsp; 185 | 183903 |
| &nbsp;&nbsp;&nbsp; 4.55%, 02/10/27 | &nbsp;&nbsp;&nbsp; 175 | 175704 |
| &nbsp;&nbsp;&nbsp; 4.70%, 02/10/28 | &nbsp;&nbsp;&nbsp; 175 | 176599 |
| &nbsp;&nbsp;&nbsp; 4.85%, 12/08/28 | &nbsp;&nbsp;&nbsp; 160 | 162625 |
| &nbsp;&nbsp;&nbsp; 4.85%, 02/10/30 | &nbsp;&nbsp;&nbsp; 305 | 310078 |
| Teleflex Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 145392 |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/27 | &nbsp;&nbsp;&nbsp; 185 | 182033 |
| Thermo Fisher Scientific Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 10/15/28 | &nbsp;&nbsp;&nbsp; 195 | 180377 |
| &nbsp;&nbsp;&nbsp; 2.60%, 10/01/29 | &nbsp;&nbsp;&nbsp; 250 | 234055 |
| &nbsp;&nbsp;&nbsp; 4.80%, 11/21/27 | &nbsp;&nbsp;&nbsp; 279 | 282336 |
| &nbsp;&nbsp;&nbsp; 4.95%, 08/10/26 | &nbsp;&nbsp;&nbsp; 195 | 195999 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/05/26 | &nbsp;&nbsp;&nbsp; 390 | 393367 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/31/29 | &nbsp;&nbsp;&nbsp; 360 | 368300 |
| Varex Imaging Corp., 7.88%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 110 | 111414 |
| Zimmer Biomet Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.70%, 02/19/27 | &nbsp;&nbsp;&nbsp; 125 | 125445 |
| &nbsp;&nbsp;&nbsp; 5.05%, 02/19/30 | &nbsp;&nbsp;&nbsp; 180 | 183449 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond 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; 5.35%, 12/01/28 | &nbsp;&nbsp;&nbsp; $165 | $169591 |
|  |  | 14706572 |
| **Health Care - Services — 0.8%** | **Health Care - Services — 0.8%** | **Health Care - Services — 0.8%** |
| Acadia Healthcare Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 140 | 135431 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 148086 |
| Advocate Health & Hospitals Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.83%, 08/15/28 | &nbsp;&nbsp;&nbsp; 10 | 9864 |
| &nbsp;&nbsp;&nbsp; Series 2020, 2.21%, 06/15/30 | &nbsp;&nbsp;&nbsp; 80 | 72391 |
| AHP Health Partners Inc., 5.75%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 95 | 91756 |
| Ascension Health, Series B, 2.53%, 11/15/29 | &nbsp;&nbsp;&nbsp; 250 | 231691 |
| &nbsp;&nbsp;&nbsp; Bon Secours Mercy Health Inc., Series 2018, <br> 4.30%, 07/01/28<br>| &nbsp;&nbsp;&nbsp; 65 | 64897 |
| Centene Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.45%, 07/15/28 | &nbsp;&nbsp;&nbsp; 700 | 638671 |
| &nbsp;&nbsp;&nbsp; 3.38%, 02/15/30 | &nbsp;&nbsp;&nbsp; 600 | 540212 |
| &nbsp;&nbsp;&nbsp; 4.25%, 12/15/27 | &nbsp;&nbsp;&nbsp; 760 | 737289 |
| &nbsp;&nbsp;&nbsp; 4.63%, 12/15/29 | &nbsp;&nbsp;&nbsp; 1065 | 1014504 |
| Charles River Laboratories International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 150561 |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194192 |
| CHRISTUS Health, Series C, 4.34%, 07/01/28 | &nbsp;&nbsp;&nbsp; 100 | 99432 |
| CHS/Community Health Systems Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 450 | 393788 |
| &nbsp;&nbsp;&nbsp; 5.63%, 03/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 605 | 606013 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 190392 |
| &nbsp;&nbsp;&nbsp; 6.13%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 380 | 268303 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 375 | 293888 |
| Cigna Group (The) |  |  |
| &nbsp;&nbsp;&nbsp; 2.40%, 03/15/30 | &nbsp;&nbsp;&nbsp; 400 | 364256 |
| &nbsp;&nbsp;&nbsp; 3.05%, 10/15/27 | &nbsp;&nbsp;&nbsp; 35 | 34011 |
| &nbsp;&nbsp;&nbsp; 3.40%, 03/01/27 | &nbsp;&nbsp;&nbsp; 489 | 481258 |
| &nbsp;&nbsp;&nbsp; 4.38%, 10/15/28 | &nbsp;&nbsp;&nbsp; 1105 | 1101490 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/29 | &nbsp;&nbsp;&nbsp; 300 | 305457 |
| CommonSpirit Health |  |  |
| &nbsp;&nbsp;&nbsp; 3.35%, 10/01/29 | &nbsp;&nbsp;&nbsp; 290 | 276581 |
| &nbsp;&nbsp;&nbsp; 6.07%, 11/01/27 | &nbsp;&nbsp;&nbsp; 235 | 242692 |
| DaVita Inc., 4.63%, 06/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 825 | 787324 |
| Elevance Health Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 05/15/30 | &nbsp;&nbsp;&nbsp; 300 | 269930 |
| &nbsp;&nbsp;&nbsp; 2.88%, 09/15/29 | &nbsp;&nbsp;&nbsp; 245 | 229541 |
| &nbsp;&nbsp;&nbsp; 3.65%, 12/01/27 | &nbsp;&nbsp;&nbsp; 425 | 418169 |
| &nbsp;&nbsp;&nbsp; 4.10%, 03/01/28 | &nbsp;&nbsp;&nbsp; 470 | 466358 |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/30/26 | &nbsp;&nbsp;&nbsp; 135 | 135082 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/30 | &nbsp;&nbsp;&nbsp; 225 | 225908 |
| &nbsp;&nbsp;&nbsp; 5.15%, 06/15/29 | &nbsp;&nbsp;&nbsp; 190 | 193851 |
| Encompass Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/01/28 | &nbsp;&nbsp;&nbsp; 265 | 261007 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/01/30 | &nbsp;&nbsp;&nbsp; 250 | 244007 |
| Fortrea Holdings Inc., 7.50%, 07/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 150703 |
| Fresenius Medical Care U.S. Finance III Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.88%, 12/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 105 | 100843 |
| &nbsp;&nbsp;&nbsp; 3.75%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 148295 |
| HCA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 03/15/27 | &nbsp;&nbsp;&nbsp; 347 | 339373 |
| &nbsp;&nbsp;&nbsp; 3.38%, 03/15/29 | &nbsp;&nbsp;&nbsp; 100 | 95822 |
| &nbsp;&nbsp;&nbsp; 4.13%, 06/15/29 | &nbsp;&nbsp;&nbsp; 600 | 588255 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/27 | &nbsp;&nbsp;&nbsp; 390 | 389239 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/01/28 | &nbsp;&nbsp;&nbsp; 255 | 257806 |
| &nbsp;&nbsp;&nbsp; 5.20%, 06/01/28 | &nbsp;&nbsp;&nbsp; 340 | 345826 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/01/30 | &nbsp;&nbsp;&nbsp; 240 | 245084 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| &nbsp;&nbsp;&nbsp; 5.38%, 09/01/26 | &nbsp;&nbsp;&nbsp; $349 | $350514 |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/01/28 | &nbsp;&nbsp;&nbsp; 385 | 394646 |
| &nbsp;&nbsp;&nbsp; 5.88%, 02/01/29 | &nbsp;&nbsp;&nbsp; 340 | 351590 |
| &nbsp;&nbsp;&nbsp; Health Care Service Corp. A Mutual Legal <br> Reserve Co.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 2.20%, 06/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 178441 |
| &nbsp;&nbsp;&nbsp; 5.20%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 55 | 55976 |
| HealthEquity Inc., 4.50%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 168680 |
| &nbsp;&nbsp;&nbsp; Heartland Dental LLC/Heartland Dental Finance <br> Corp., 10.50%, 04/30/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 240 | 253165 |
| Humana Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.35%, 02/03/27 | &nbsp;&nbsp;&nbsp; 507 | 483941 |
| &nbsp;&nbsp;&nbsp; 3.13%, 08/15/29 | &nbsp;&nbsp;&nbsp; 140 | 131566 |
| &nbsp;&nbsp;&nbsp; 3.70%, 03/23/29 | &nbsp;&nbsp;&nbsp; 250 | 242120 |
| &nbsp;&nbsp;&nbsp; 3.95%, 03/15/27 | &nbsp;&nbsp;&nbsp; 40 | 39680 |
| &nbsp;&nbsp;&nbsp; 4.88%, 04/01/30 | &nbsp;&nbsp;&nbsp; 150 | 150797 |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/01/28 | &nbsp;&nbsp;&nbsp; 270 | 277479 |
| &nbsp;&nbsp;&nbsp; 5.75%, 12/01/28 | &nbsp;&nbsp;&nbsp; 125 | 129435 |
| ICON Investments Six DAC |  |  |
| &nbsp;&nbsp;&nbsp; 5.81%, 05/08/27 | &nbsp;&nbsp;&nbsp; 210 | 213590 |
| &nbsp;&nbsp;&nbsp; 5.85%, 05/08/29 | &nbsp;&nbsp;&nbsp; 230 | 238362 |
| IQVIA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 304186 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 365 | 362982 |
| &nbsp;&nbsp;&nbsp; 5.70%, 05/15/28 | &nbsp;&nbsp;&nbsp; 200 | 204847 |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/01/29 | &nbsp;&nbsp;&nbsp; 380 | 397439 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206467 |
| Kedrion SpA, 6.50%, 09/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 242304 |
| Laboratory Corp. of America Holdings |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 12/01/29 | &nbsp;&nbsp;&nbsp; 175 | 163852 |
| &nbsp;&nbsp;&nbsp; 3.60%, 09/01/27 | &nbsp;&nbsp;&nbsp; 10 | 9851 |
| &nbsp;&nbsp;&nbsp; 4.35%, 04/01/30 | &nbsp;&nbsp;&nbsp; 200 | 197880 |
| LifePoint Health Inc., 5.38%, 01/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 150 | 140839 |
| Molina Healthcare Inc., 4.38%, 06/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 280 | 268174 |
| Pediatrix Medical Group Inc., 5.38%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 122390 |
| Prime Healthcare Services Inc., 9.38%, 09/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 465 | 461976 |
| &nbsp;&nbsp;&nbsp; Providence St. Joseph Health Obligated Group, <br> Series 19A, 2.53%, 10/01/29<br>| &nbsp;&nbsp;&nbsp; 200 | 184315 |
| Quest Diagnostics Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 06/30/30 | &nbsp;&nbsp;&nbsp; 200 | 185758 |
| &nbsp;&nbsp;&nbsp; 4.20%, 06/30/29 | &nbsp;&nbsp;&nbsp; 155 | 153879 |
| &nbsp;&nbsp;&nbsp; 4.60%, 12/15/27 | &nbsp;&nbsp;&nbsp; 90 | 90389 |
| &nbsp;&nbsp;&nbsp; 4.63%, 12/15/29 | &nbsp;&nbsp;&nbsp; 190 | 191010 |
| &nbsp;&nbsp;&nbsp; Radiology Partners Inc., 9.78%, 02/15/30, (6.78% <br> PIK)<sup>(b)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 225 | 222939 |
| RCN Corp., 11.63%, 04/15/23<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 100 |  |
| Rede D'or Finance SARL |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/22/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 189877 |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/17/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197639 |
| Roche Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.93%, 12/13/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 630 | 585012 |
| &nbsp;&nbsp;&nbsp; 2.31%, 03/10/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 480 | 466376 |
| &nbsp;&nbsp;&nbsp; 3.63%, 09/17/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 235 | 231216 |
| &nbsp;&nbsp;&nbsp; 4.20%, 09/09/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 204269 |
| &nbsp;&nbsp;&nbsp; 4.79%, 03/08/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 208115 |
| &nbsp;&nbsp;&nbsp; 5.27%, 11/13/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 370 | 374598 |
| &nbsp;&nbsp;&nbsp; 5.34%, 11/13/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 425 | 438317 |
| SSM Health Care Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.89%, 06/01/28 | &nbsp;&nbsp;&nbsp; 157 | 158793 |
| &nbsp;&nbsp;&nbsp; Series A, 3.82%, 06/01/27 | &nbsp;&nbsp;&nbsp; 165 | 163370 |
| Sutter Health, Series 2018, 3.70%, 08/15/28 | &nbsp;&nbsp;&nbsp; 108 | 106010 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services (continued)** | **Health Care - Services (continued)** | **Health Care - Services (continued)** |
| Team Health Holdings Inc., 8.38%, 06/30/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $55 | $55268 |
| Tenet Healthcare Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/01/29 | &nbsp;&nbsp;&nbsp; 425 | 409996 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/30 | &nbsp;&nbsp;&nbsp; 380 | 365502 |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/15/28 | &nbsp;&nbsp;&nbsp; 200 | 196618 |
| &nbsp;&nbsp;&nbsp; 5.13%, 11/01/27 | &nbsp;&nbsp;&nbsp; 450 | 448345 |
| &nbsp;&nbsp;&nbsp; 6.13%, 10/01/28 | &nbsp;&nbsp;&nbsp; 700 | 700066 |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/15/30 | &nbsp;&nbsp;&nbsp; 625 | 630838 |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/01/27 | &nbsp;&nbsp;&nbsp; 430 | 430230 |
| Toledo Hospital (The), Series B, 5.33%, 11/15/28 | &nbsp;&nbsp;&nbsp; 115 | 115180 |
| U.S. Acute Care Solutions LLC, 9.75%, 05/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 306744 |
| UnitedHealth Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 05/15/27 | &nbsp;&nbsp;&nbsp; 435 | 430314 |
| &nbsp;&nbsp;&nbsp; 2.00%, 05/15/30 | &nbsp;&nbsp;&nbsp; 300 | 267154 |
| &nbsp;&nbsp;&nbsp; 2.88%, 08/15/29 | &nbsp;&nbsp;&nbsp; 320 | 300993 |
| &nbsp;&nbsp;&nbsp; 2.95%, 10/15/27 | &nbsp;&nbsp;&nbsp; 360 | 349329 |
| &nbsp;&nbsp;&nbsp; 3.38%, 04/15/27 | &nbsp;&nbsp;&nbsp; 185 | 181944 |
| &nbsp;&nbsp;&nbsp; 3.45%, 01/15/27 | &nbsp;&nbsp;&nbsp; 253 | 249726 |
| &nbsp;&nbsp;&nbsp; 3.85%, 06/15/28 | &nbsp;&nbsp;&nbsp; 475 | 468462 |
| &nbsp;&nbsp;&nbsp; 3.88%, 12/15/28 | &nbsp;&nbsp;&nbsp; 125 | 122789 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/15/29 | &nbsp;&nbsp;&nbsp; 305 | 300203 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/15/29 | &nbsp;&nbsp;&nbsp; 395 | 392502 |
| &nbsp;&nbsp;&nbsp; 4.40%, 06/15/28 | &nbsp;&nbsp;&nbsp; 90 | 90009 |
| &nbsp;&nbsp;&nbsp; 4.60%, 04/15/27 | &nbsp;&nbsp;&nbsp; 310 | 311011 |
| &nbsp;&nbsp;&nbsp; 4.70%, 04/15/29 | &nbsp;&nbsp;&nbsp; 150 | 151196 |
| &nbsp;&nbsp;&nbsp; 4.80%, 01/15/30 | &nbsp;&nbsp;&nbsp; 390 | 393892 |
| &nbsp;&nbsp;&nbsp; 5.25%, 02/15/28 | &nbsp;&nbsp;&nbsp; 420 | 429155 |
| &nbsp;&nbsp;&nbsp; 5.30%, 02/15/30 | &nbsp;&nbsp;&nbsp; 380 | 390902 |
| Universal Health Services Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.65%, 09/01/26 | &nbsp;&nbsp;&nbsp; 275 | 265674 |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/15/29 | &nbsp;&nbsp;&nbsp; 160 | 157760 |
|  |  | 34586382 |
| **Holding Companies - Diversified — 0.6%** | **Holding Companies - Diversified — 0.6%** | **Holding Companies - Diversified — 0.6%** |
| Abu Dhabi Developmental Holding Co. PJSC |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/06/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199339 |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/08/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 411754 |
| &nbsp;&nbsp;&nbsp; Aercap Sukuk Ltd./Cayman Islands, 4.50%, <br> 10/03/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 265 | 259535 |
| Amipeace Ltd., 1.75%, 11/09/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193579 |
| Antares Holdings LP |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 01/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 240429 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/08/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 253624 |
| &nbsp;&nbsp;&nbsp; 7.95%, 08/11/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 260 | 273991 |
| Apollo Debt Solutions BDC |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 08/30/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 75 | 75096 |
| &nbsp;&nbsp;&nbsp; 6.90%, 04/13/29 | &nbsp;&nbsp;&nbsp; 255 | 266464 |
| Ares Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 06/15/27 | &nbsp;&nbsp;&nbsp; 100 | 96751 |
| &nbsp;&nbsp;&nbsp; 2.88%, 06/15/28 | &nbsp;&nbsp;&nbsp; 415 | 392219 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/01/29 | &nbsp;&nbsp;&nbsp; 295 | 301677 |
| &nbsp;&nbsp;&nbsp; 5.95%, 07/15/29 | &nbsp;&nbsp;&nbsp; 260 | 266327 |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/15/27 | &nbsp;&nbsp;&nbsp; 200 | 205938 |
| Ares Strategic Income Fund |  |  |
| &nbsp;&nbsp;&nbsp; 5.45%, 09/09/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 99718 |
| &nbsp;&nbsp;&nbsp; 5.60%, 02/15/30 | &nbsp;&nbsp;&nbsp; 215 | 214291 |
| &nbsp;&nbsp;&nbsp; 5.70%, 03/15/28 | &nbsp;&nbsp;&nbsp; 285 | 286436 |
| &nbsp;&nbsp;&nbsp; 6.35%, 08/15/29 | &nbsp;&nbsp;&nbsp; 200 | 204730 |
| Bain Capital Specialty Finance Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.55%, 10/13/26 | &nbsp;&nbsp;&nbsp; 140 | 135766 |
| &nbsp;&nbsp;&nbsp; 5.95%, 03/15/30 | &nbsp;&nbsp;&nbsp; 130 | 129478 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** |
| Barings BDC Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.30%, 11/23/26 | &nbsp;&nbsp;&nbsp; $165 | $161122 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/29 | &nbsp;&nbsp;&nbsp; 50 | 51818 |
| Barings Private Credit Corp., 6.15%, 06/11/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 123118 |
| Blackstone Private Credit Fund |  |  |
| &nbsp;&nbsp;&nbsp; 2.63%, 12/15/26 | &nbsp;&nbsp;&nbsp; 402 | 388792 |
| &nbsp;&nbsp;&nbsp; 3.25%, 03/15/27 | &nbsp;&nbsp;&nbsp; 340 | 330748 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/15/29 | &nbsp;&nbsp;&nbsp; 265 | 255561 |
| &nbsp;&nbsp;&nbsp; 4.95%, 09/26/27 | &nbsp;&nbsp;&nbsp; 45 | 44829 |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/01/30 | &nbsp;&nbsp;&nbsp; 100 | 99066 |
| &nbsp;&nbsp;&nbsp; 5.60%, 11/22/29 | &nbsp;&nbsp;&nbsp; 150 | 151180 |
| &nbsp;&nbsp;&nbsp; 5.95%, 07/16/29 | &nbsp;&nbsp;&nbsp; 170 | 173396 |
| &nbsp;&nbsp;&nbsp; 7.30%, 11/27/28 | &nbsp;&nbsp;&nbsp; 110 | 116818 |
| Blackstone Secured Lending Fund |  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 02/15/27 | &nbsp;&nbsp;&nbsp; 210 | 200886 |
| &nbsp;&nbsp;&nbsp; 2.75%, 09/16/26 | &nbsp;&nbsp;&nbsp; 270 | 263397 |
| &nbsp;&nbsp;&nbsp; 2.85%, 09/30/28 | &nbsp;&nbsp;&nbsp; 160 | 149831 |
| &nbsp;&nbsp;&nbsp; 5.30%, 06/30/30 | &nbsp;&nbsp;&nbsp; 150 | 149234 |
| &nbsp;&nbsp;&nbsp; 5.35%, 04/13/28 | &nbsp;&nbsp;&nbsp; 205 | 206608 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/15/27 | &nbsp;&nbsp;&nbsp; 105 | 106807 |
| Blue Owl Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.63%, 01/15/27 | &nbsp;&nbsp;&nbsp; 180 | 173404 |
| &nbsp;&nbsp;&nbsp; 2.88%, 06/11/28 | &nbsp;&nbsp;&nbsp; 265 | 247226 |
| &nbsp;&nbsp;&nbsp; 5.95%, 03/15/29 | &nbsp;&nbsp;&nbsp; 315 | 315637 |
| &nbsp;&nbsp;&nbsp; 6.20%, 07/15/30 | &nbsp;&nbsp;&nbsp; 85 | 85780 |
| Blue Owl Capital Corp. II, 8.45%, 11/15/26 | &nbsp;&nbsp;&nbsp; 105 | 108652 |
| Blue Owl Capital Corp. III, 3.13%, 04/13/27 | &nbsp;&nbsp;&nbsp; 65 | 62709 |
| Blue Owl Credit Income Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 09/23/26 | &nbsp;&nbsp;&nbsp; 70 | 68282 |
| &nbsp;&nbsp;&nbsp; 4.70%, 02/08/27 | &nbsp;&nbsp;&nbsp; 208 | 206411 |
| &nbsp;&nbsp;&nbsp; 5.80%, 03/15/30 | &nbsp;&nbsp;&nbsp; 300 | 300522 |
| &nbsp;&nbsp;&nbsp; 6.60%, 09/15/29 | &nbsp;&nbsp;&nbsp; 235 | 241647 |
| &nbsp;&nbsp;&nbsp; 7.75%, 09/16/27 | &nbsp;&nbsp;&nbsp; 215 | 224719 |
| &nbsp;&nbsp;&nbsp; 7.75%, 01/15/29 | &nbsp;&nbsp;&nbsp; 195 | 207144 |
| &nbsp;&nbsp;&nbsp; 7.95%, 06/13/28 | &nbsp;&nbsp;&nbsp; 190 | 201214 |
| Blue Owl Technology Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 01/15/27 | &nbsp;&nbsp;&nbsp; 155 | 148889 |
| &nbsp;&nbsp;&nbsp; 6.10%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 155907 |
| &nbsp;&nbsp;&nbsp; Blue Owl Technology Finance Corp. II, 6.75%, <br> 04/04/29<br>| &nbsp;&nbsp;&nbsp; 235 | 240605 |
| Carlyle Secured Lending Inc., 6.75%, 02/18/30 | &nbsp;&nbsp;&nbsp; 85 | 87426 |
| Ccthk 2021 Ltd., 2.75%, 01/19/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194321 |
| CITIC Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.85%, 02/25/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 186879 |
| &nbsp;&nbsp;&nbsp; 2.88%, 02/17/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195001 |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/28/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 395876 |
| &nbsp;&nbsp;&nbsp; CK Hutchison International 17 II Ltd., 3.25%, <br> 09/29/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 15 | 14606 |
| &nbsp;&nbsp;&nbsp; CK Hutchison International 19 II Ltd., 2.75%, <br> 09/06/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 30 | 28026 |
| &nbsp;&nbsp;&nbsp; CK Hutchison International 19 Ltd., 3.63%, <br> 04/11/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 290 | 281176 |
| &nbsp;&nbsp;&nbsp; Compass Group Diversified Holdings LLC, 5.25%, <br> 04/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 300 | 278635 |
| Fairfax India Holdings Corp., 5.00%, 02/26/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 250 | 234444 |
| Franklin BSP Capital Corp., 7.20%, 06/15/29 | &nbsp;&nbsp;&nbsp; 135 | 139889 |
| FS KKR Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.63%, 01/15/27 | &nbsp;&nbsp;&nbsp; 30 | 28839 |
| &nbsp;&nbsp;&nbsp; 3.13%, 10/12/28 | &nbsp;&nbsp;&nbsp; 255 | 235196 |
| &nbsp;&nbsp;&nbsp; 3.25%, 07/15/27 | &nbsp;&nbsp;&nbsp; 150 | 144100 |
| &nbsp;&nbsp;&nbsp; 6.13%, 01/15/30 | &nbsp;&nbsp;&nbsp; 260 | 260862 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** |
| &nbsp;&nbsp;&nbsp; 6.88%, 08/15/29 | &nbsp;&nbsp;&nbsp; $130 | $134177 |
| &nbsp;&nbsp;&nbsp; 7.88%, 01/15/29 | &nbsp;&nbsp;&nbsp; 120 | 127111 |
| &nbsp;&nbsp;&nbsp; Fund of National Welfare Samruk-Kazyna JSC, <br> 2.00%, 10/28/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 192145 |
| Gaci First Investment Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/14/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 401660 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/13/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 403494 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/29/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 606681 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/29/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 613029 |
| Goldman Sachs BDC Inc., 6.38%, 03/11/27 | &nbsp;&nbsp;&nbsp; 140 | 142787 |
| Goldman Sachs Private Credit Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 05/06/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 50 | 50381 |
| &nbsp;&nbsp;&nbsp; 6.25%, 05/06/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202292 |
| Golub Capital BDC Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.05%, 02/15/27 | &nbsp;&nbsp;&nbsp; 120 | 114479 |
| &nbsp;&nbsp;&nbsp; 2.50%, 08/24/26 | &nbsp;&nbsp;&nbsp; 240 | 233753 |
| &nbsp;&nbsp;&nbsp; 6.00%, 07/15/29 | &nbsp;&nbsp;&nbsp; 205 | 208106 |
| &nbsp;&nbsp;&nbsp; 7.05%, 12/05/28 | &nbsp;&nbsp;&nbsp; 170 | 178333 |
| Golub Capital Private Credit Fund |  |  |
| &nbsp;&nbsp;&nbsp; 5.45%, 08/15/28 | &nbsp;&nbsp;&nbsp; 50 | 49827 |
| &nbsp;&nbsp;&nbsp; 5.80%, 09/12/29 | &nbsp;&nbsp;&nbsp; 160 | 160567 |
| &nbsp;&nbsp;&nbsp; 5.88%, 05/01/30 | &nbsp;&nbsp;&nbsp; 100 | 100411 |
| &nbsp;&nbsp;&nbsp; HAT Holdings I LLC/HAT Holdings II LLC, 8.00%, <br> 06/15/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 285 | 295572 |
| Huarong Finance 2017 Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 11/07/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197089 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/27/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 398565 |
| Huarong Finance 2019 Co. Ltd., 4.50%, 05/29/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195291 |
| Huarong Finance II Co. Ltd., 4.88%, 11/22/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199828 |
| &nbsp;&nbsp;&nbsp; Icahn Enterprises LP/Icahn Enterprises <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/29 | &nbsp;&nbsp;&nbsp; 205 | 176131 |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/15/27 | &nbsp;&nbsp;&nbsp; 433 | 421784 |
| &nbsp;&nbsp;&nbsp; 9.00%, 06/15/30 | &nbsp;&nbsp;&nbsp; 220 | 213584 |
| &nbsp;&nbsp;&nbsp; 9.75%, 01/15/29 | &nbsp;&nbsp;&nbsp; 215 | 217394 |
| &nbsp;&nbsp;&nbsp; 10.00%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 162019 |
| Khazanah Global Sukuk Bhd |  |  |
| &nbsp;&nbsp;&nbsp; 4.48%, 09/05/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200484 |
| &nbsp;&nbsp;&nbsp; 4.69%, 06/01/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 401987 |
| &nbsp;&nbsp;&nbsp; Magellan Capital Holdings PLC, 8.38%, 07/08/29, <br> (1-year CMT + 4.233%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 199584 |
| Main Street Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/04/27 | &nbsp;&nbsp;&nbsp; 105 | 107205 |
| &nbsp;&nbsp;&nbsp; 6.95%, 03/01/29 | &nbsp;&nbsp;&nbsp; 75 | 78125 |
| MDGH GMTN RSC Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 11/07/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 375352 |
| &nbsp;&nbsp;&nbsp; 2.88%, 05/21/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 186388 |
| &nbsp;&nbsp;&nbsp; 3.00%, 03/28/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195514 |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/19/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195551 |
| &nbsp;&nbsp;&nbsp; 4.50%, 11/07/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201105 |
| Morgan Stanley Direct Lending Fund |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/11/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 100 | 99240 |
| &nbsp;&nbsp;&nbsp; 6.00%, 05/19/30 | &nbsp;&nbsp;&nbsp; 75 | 75431 |
| &nbsp;&nbsp;&nbsp; 6.15%, 05/17/29 | &nbsp;&nbsp;&nbsp; 125 | 127981 |
| MSD Investment Corp., 6.25%, 05/31/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 150123 |
| Mumtalakat Sukuk Holding Co., 4.10%, 01/21/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194122 |
| New Mountain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.20%, 10/15/27 | &nbsp;&nbsp;&nbsp; 95 | 96159 |
| &nbsp;&nbsp;&nbsp; 6.88%, 02/01/29 | &nbsp;&nbsp;&nbsp; 105 | 107333 |
| &nbsp;&nbsp;&nbsp; North Haven Private Income Fund LLC, 5.75%, <br> 02/01/30<br>| &nbsp;&nbsp;&nbsp; 90 | 89036 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** | **Holding Companies - Diversified (continued)** |
| &nbsp;&nbsp;&nbsp; Nuveen Churchill Direct Lending Corp., 6.65%, <br> 03/15/30<br>| &nbsp;&nbsp;&nbsp; $80 | $82220 |
| Oaktree Specialty Lending Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.70%, 01/15/27 | &nbsp;&nbsp;&nbsp; 130 | 124999 |
| &nbsp;&nbsp;&nbsp; 6.34%, 02/27/30 | &nbsp;&nbsp;&nbsp; 95 | 94773 |
| &nbsp;&nbsp;&nbsp; 7.10%, 02/15/29 | &nbsp;&nbsp;&nbsp; 110 | 113210 |
| Oaktree Strategic Credit Fund |  |  |
| &nbsp;&nbsp;&nbsp; 6.19%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 125671 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/23/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 110 | 112847 |
| &nbsp;&nbsp;&nbsp; 8.40%, 11/14/28 | &nbsp;&nbsp;&nbsp; 110 | 118463 |
| Prospect Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.36%, 11/15/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 115 | 110363 |
| &nbsp;&nbsp;&nbsp; 3.44%, 10/15/28 | &nbsp;&nbsp;&nbsp; 100 | 90275 |
| Rongshi International Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 05/04/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197346 |
| &nbsp;&nbsp;&nbsp; 3.75%, 05/21/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195175 |
| Sixth Street Lending Partners |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/30 | &nbsp;&nbsp;&nbsp; 205 | 205292 |
| &nbsp;&nbsp;&nbsp; 6.13%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203705 |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/11/29 | &nbsp;&nbsp;&nbsp; 205 | 211254 |
| Sixth Street Specialty Lending Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 08/01/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 40 | 39123 |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/01/29 | &nbsp;&nbsp;&nbsp; 50 | 51205 |
| &nbsp;&nbsp;&nbsp; 6.95%, 08/14/28 | &nbsp;&nbsp;&nbsp; 145 | 152128 |
| SMIC SG Holdings Pte Ltd., 5.38%, 07/24/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203069 |
| Suci Second Investment Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 09/10/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 398555 |
| &nbsp;&nbsp;&nbsp; 6.00%, 10/25/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 800 | 832377 |
| Temasek Financial I Ltd., 3.63%, 08/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 500 | 493719 |
| Turkiye Varlik Fonu Yonetimi AS, 8.25%, 02/14/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 209652 |
| TVF Varlik Kiralama AS, 6.95%, 01/23/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202487 |
| Yieldking Investment Ltd., 2.80%, 08/18/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194746 |
| Zhongyuan Zhicheng Co. Ltd., 5.90%, 06/20/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203479 |
|  |  | 27617720 |
| **Home Builders — 0.1%** | **Home Builders — 0.1%** | **Home Builders — 0.1%** |
| Adams Homes Inc., 9.25%, 10/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 103 | 106633 |
| Ashton Woods USA LLC/Ashton Woods Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 110 | 104618 |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 117533 |
| Beazer Homes USA Inc., 5.88%, 10/15/27 | &nbsp;&nbsp;&nbsp; 125 | 124683 |
| &nbsp;&nbsp;&nbsp; Brookfield Residential Properties Inc./Brookfield <br> Residential U.S. LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 141136 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 93183 |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 204700 |
| Century Communities Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 138143 |
| &nbsp;&nbsp;&nbsp; 6.75%, 06/01/27 | &nbsp;&nbsp;&nbsp; 195 | 195117 |
| DR Horton Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.30%, 10/15/26 | &nbsp;&nbsp;&nbsp; 242 | 232883 |
| &nbsp;&nbsp;&nbsp; 1.40%, 10/15/27 | &nbsp;&nbsp;&nbsp; 140 | 131376 |
| Dream Finders Homes Inc., 8.25%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 103490 |
| Empire Communities Corp., 9.75%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 148023 |
| Forestar Group Inc., 5.00%, 03/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 88 | 87232 |
| Installed Building Products Inc., 5.75%, 02/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 90 | 89766 |
| K Hovnanian Enterprises Inc., 11.75%, 09/30/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 145928 |
| KB Home |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 06/15/27 | &nbsp;&nbsp;&nbsp; 130 | 132806 |
| &nbsp;&nbsp;&nbsp; 7.25%, 07/15/30 | &nbsp;&nbsp;&nbsp; 150 | 154376 |
| Lennar Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 11/29/27 | &nbsp;&nbsp;&nbsp; 352 | 353115 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Home Builders (continued)** | **Home Builders (continued)** | **Home Builders (continued)** |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/27 | &nbsp;&nbsp;&nbsp; $65 | $65283 |
| &nbsp;&nbsp;&nbsp; 5.20%, 07/30/30 | &nbsp;&nbsp;&nbsp; 150 | 152790 |
| LGI Homes Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 75 | 68329 |
| &nbsp;&nbsp;&nbsp; 8.75%, 12/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 136130 |
| M/I Homes Inc., 4.95%, 02/01/28 | &nbsp;&nbsp;&nbsp; 152 | 150609 |
| Mattamy Group Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 163077 |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 195 | 193924 |
| MDC Holdings Inc., 3.85%, 01/15/30 | &nbsp;&nbsp;&nbsp; 80 | 76055 |
| Meritage Homes Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 115892 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/06/27 | &nbsp;&nbsp;&nbsp; 115 | 115557 |
| New Home Co. Inc. (The), 9.25%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 95 | 98580 |
| NVR Inc., 3.00%, 05/15/30 | &nbsp;&nbsp;&nbsp; 250 | 233307 |
| PulteGroup Inc., 5.00%, 01/15/27 | &nbsp;&nbsp;&nbsp; 80 | 80389 |
| Shea Homes LP/Shea Homes Funding Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/28 | &nbsp;&nbsp;&nbsp; 185 | 180979 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/01/29 | &nbsp;&nbsp;&nbsp; 75 | 72441 |
| STL Holding Co. LLC, 8.75%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 80 | 83205 |
| Taylor Morrison Communities Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 176647 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 171373 |
| Thor Industries Inc., 4.00%, 10/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 150 | 140665 |
| Toll Brothers Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.80%, 11/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 100 | 97071 |
| &nbsp;&nbsp;&nbsp; 4.35%, 02/15/28 | &nbsp;&nbsp;&nbsp; 50 | 49767 |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/15/27 | &nbsp;&nbsp;&nbsp; 194 | 194421 |
| Tri Pointe Homes Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/01/27 | &nbsp;&nbsp;&nbsp; 100 | 99593 |
| &nbsp;&nbsp;&nbsp; 5.70%, 06/15/28 | &nbsp;&nbsp;&nbsp; 100 | 101037 |
| Winnebago Industries Inc., 6.25%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 54 | 53690 |
|  |  | 5875552 |
| **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** | **Home Furnishings — 0.0%** |
| Arcelik A/S, 8.50%, 09/25/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208087 |
| FXI Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 12.25%, 11/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 168 | 150324 |
| &nbsp;&nbsp;&nbsp; 12.25%, 11/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 245 | 219248 |
| Leggett & Platt Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 11/15/27 | &nbsp;&nbsp;&nbsp; 200 | 193624 |
| &nbsp;&nbsp;&nbsp; 4.40%, 03/15/29 | &nbsp;&nbsp;&nbsp; 155 | 151349 |
| Panasonic Holdings Corp., 3.11%, 07/19/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 189472 |
| Somnigroup International Inc., 4.00%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 237528 |
| &nbsp;&nbsp;&nbsp; Vestel Elektronik Sanayi ve Ticaret AS, 9.75%, <br> 05/15/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 163583 |
| Whirlpool Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/26/29 | &nbsp;&nbsp;&nbsp; 260 | 253955 |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/15/30 | &nbsp;&nbsp;&nbsp; 160 | 159624 |
|  |  | 1926794 |
| **Household Products & Wares — 0.1%** | **Household Products & Wares — 0.1%** | **Household Products & Wares — 0.1%** |
| ACCO Brands Corp., 4.25%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 155012 |
| Avery Dennison Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.65%, 04/30/30 | &nbsp;&nbsp;&nbsp; 100 | 91611 |
| &nbsp;&nbsp;&nbsp; 4.88%, 12/06/28 | &nbsp;&nbsp;&nbsp; 90 | 90866 |
| Central Garden & Pet Co., 5.13%, 02/01/28 | &nbsp;&nbsp;&nbsp; 85 | 84651 |
| Church & Dwight Co. Inc., 3.15%, 08/01/27 | &nbsp;&nbsp;&nbsp; 245 | 239566 |
| Clorox Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 1.80%, 05/15/30 | &nbsp;&nbsp;&nbsp; 150 | 132575 |
| &nbsp;&nbsp;&nbsp; 3.10%, 10/01/27 | &nbsp;&nbsp;&nbsp; 85 | 82851 |
| &nbsp;&nbsp;&nbsp; 3.90%, 05/15/28 | &nbsp;&nbsp;&nbsp; 240 | 237528 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Household Products & Wares (continued)** | **Household Products & Wares (continued)** | **Household Products & Wares (continued)** |
| &nbsp;&nbsp;&nbsp; 4.40%, 05/01/29 | &nbsp;&nbsp;&nbsp; $105 | $104982 |
| Kimberly-Clark Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.05%, 09/15/27 | &nbsp;&nbsp;&nbsp; 220 | 206823 |
| &nbsp;&nbsp;&nbsp; 3.10%, 03/26/30 | &nbsp;&nbsp;&nbsp; 200 | 189631 |
| &nbsp;&nbsp;&nbsp; 3.20%, 04/25/29 | &nbsp;&nbsp;&nbsp; 250 | 241543 |
| &nbsp;&nbsp;&nbsp; 3.95%, 11/01/28 | &nbsp;&nbsp;&nbsp; 150 | 148979 |
| &nbsp;&nbsp;&nbsp; Reckitt Benckiser Treasury Services PLC, 3.00%, <br> 06/26/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 850 | 830042 |
|  |  | 2836660 |
| **Housewares — 0.0%** | **Housewares — 0.0%** | **Housewares — 0.0%** |
| &nbsp;&nbsp;&nbsp; CD&R Smokey Buyer Inc./Radio Systems Corp., <br> 9.50%, 10/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 225 | 187091 |
| Newell Brands Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 09/15/27 | &nbsp;&nbsp;&nbsp; 150 | 151931 |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/15/30 | &nbsp;&nbsp;&nbsp; 225 | 218702 |
| &nbsp;&nbsp;&nbsp; 6.63%, 09/15/29 | &nbsp;&nbsp;&nbsp; 160 | 159075 |
| &nbsp;&nbsp;&nbsp; 8.50%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 375 | 393380 |
| Scotts Miracle-Gro Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/15/29 | &nbsp;&nbsp;&nbsp; 115 | 110384 |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/15/26 | &nbsp;&nbsp;&nbsp; 110 | 110013 |
|  |  | 1330576 |
| **Insurance — 1.4%** | **Insurance — 1.4%** | **Insurance — 1.4%** |
| ACE Capital Trust II, Series N, 9.70%, 04/01/30 | &nbsp;&nbsp;&nbsp; 100 | 119396 |
| Acrisure LLC/Acrisure Finance Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 214705 |
| &nbsp;&nbsp;&nbsp; 6.00%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 146277 |
| &nbsp;&nbsp;&nbsp; 8.25%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 277 | 286130 |
| &nbsp;&nbsp;&nbsp; 8.50%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 156681 |
| Aegon Ltd., 5.50%, 04/11/48<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 290 | 290724 |
| Aflac Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 10/15/26 | &nbsp;&nbsp;&nbsp; 145 | 142474 |
| &nbsp;&nbsp;&nbsp; 3.60%, 04/01/30 | &nbsp;&nbsp;&nbsp; 300 | 289979 |
| AIA Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 04/07/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 287082 |
| &nbsp;&nbsp;&nbsp; 3.60%, 04/09/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 292266 |
| &nbsp;&nbsp;&nbsp; 5.63%, 10/25/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 500 | 513236 |
| Alleghany Corp., 3.63%, 05/15/30 | &nbsp;&nbsp;&nbsp; 150 | 144815 |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC/Alliant Holdings <br> Co-Issuer<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 244743 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 123114 |
| &nbsp;&nbsp;&nbsp; 6.75%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 380 | 380949 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 405395 |
| Allstate Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 3.28%, 12/15/26 | &nbsp;&nbsp;&nbsp; 125 | 122972 |
| &nbsp;&nbsp;&nbsp; 5.05%, 06/24/29 | &nbsp;&nbsp;&nbsp; 195 | 199136 |
| &nbsp;&nbsp;&nbsp; American Financial Group Inc./OH, 5.25%, <br> 04/02/30<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 90 | 92514 |
| American International Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.40%, 06/30/30 | &nbsp;&nbsp;&nbsp; 100 | 94951 |
| &nbsp;&nbsp;&nbsp; 4.85%, 05/07/30 | &nbsp;&nbsp;&nbsp; 150 | 151987 |
| &nbsp;&nbsp;&nbsp; Series A-9, 5.75%, 04/01/48<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 50 | 50418 |
| American National Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/03/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 125773 |
| &nbsp;&nbsp;&nbsp; 5.55%, 01/28/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 152618 |
| American National Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/15/27 | &nbsp;&nbsp;&nbsp; 51 | 51149 |
| &nbsp;&nbsp;&nbsp; 5.75%, 10/01/29 | &nbsp;&nbsp;&nbsp; 190 | 193817 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| AmWINS Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/30/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $250 | $242716 |
| &nbsp;&nbsp;&nbsp; 6.38%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 234221 |
| Aon Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.80%, 05/15/30 | &nbsp;&nbsp;&nbsp; 300 | 278064 |
| &nbsp;&nbsp;&nbsp; 3.75%, 05/02/29 | &nbsp;&nbsp;&nbsp; 260 | 253559 |
| &nbsp;&nbsp;&nbsp; 4.50%, 12/15/28 | &nbsp;&nbsp;&nbsp; 140 | 140296 |
| &nbsp;&nbsp;&nbsp; Aon Corp./Aon Global Holdings PLC, 2.85%, <br> 05/28/27<br>| &nbsp;&nbsp;&nbsp; 125 | 121672 |
| Aon North America Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/01/27 | &nbsp;&nbsp;&nbsp; 240 | 242385 |
| &nbsp;&nbsp;&nbsp; 5.15%, 03/01/29 | &nbsp;&nbsp;&nbsp; 325 | 331801 |
| &nbsp;&nbsp;&nbsp; APH Somerset Investor 2 LLC/APH2 Somerset <br> Investor 2 LLC/APH3 Somerset Inves, 7.88%, <br> 11/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 225 | 231859 |
| &nbsp;&nbsp;&nbsp; Argentum Netherlands BV for Zurich Insurance Co. <br> Ltd., 5.13%, 06/01/48, (5-year CMT + <br> 3.265%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 199414 |
| Arthur J Gallagher & Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 12/15/27 | &nbsp;&nbsp;&nbsp; 125 | 125403 |
| &nbsp;&nbsp;&nbsp; 4.85%, 12/15/29 | &nbsp;&nbsp;&nbsp; 260 | 262299 |
| Assurant Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 02/22/30 | &nbsp;&nbsp;&nbsp; 115 | 109495 |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/27/28 | &nbsp;&nbsp;&nbsp; 140 | 140893 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/27/48<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5 | 5102 |
| &nbsp;&nbsp;&nbsp; Assured Guaranty U.S. Holdings Inc., 6.13%, <br> 09/15/28<br>| &nbsp;&nbsp;&nbsp; 115 | 120226 |
| AssuredPartners Inc., 5.63%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 174597 |
| Athene Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 1.73%, 10/02/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 320 | 309239 |
| &nbsp;&nbsp;&nbsp; 1.99%, 08/19/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 255 | 236519 |
| &nbsp;&nbsp;&nbsp; 2.45%, 08/20/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 50 | 47839 |
| &nbsp;&nbsp;&nbsp; 2.50%, 03/24/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 265 | 250977 |
| &nbsp;&nbsp;&nbsp; 2.72%, 01/07/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 110 | 102573 |
| &nbsp;&nbsp;&nbsp; 2.95%, 11/12/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 80 | 78325 |
| &nbsp;&nbsp;&nbsp; 4.72%, 10/08/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198926 |
| &nbsp;&nbsp;&nbsp; 4.83%, 05/09/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 50 | 50184 |
| &nbsp;&nbsp;&nbsp; 4.86%, 08/27/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 225789 |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/07/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 325 | 326470 |
| &nbsp;&nbsp;&nbsp; 5.03%, 07/17/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 150982 |
| &nbsp;&nbsp;&nbsp; 5.34%, 01/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 45 | 45401 |
| &nbsp;&nbsp;&nbsp; 5.35%, 07/09/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 152121 |
| &nbsp;&nbsp;&nbsp; 5.38%, 01/07/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 235 | 239336 |
| &nbsp;&nbsp;&nbsp; 5.52%, 03/25/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 172415 |
| &nbsp;&nbsp;&nbsp; 5.58%, 01/09/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 359849 |
| Athene Holding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 01/12/28 | &nbsp;&nbsp;&nbsp; 475 | 470542 |
| &nbsp;&nbsp;&nbsp; 6.15%, 04/03/30 | &nbsp;&nbsp;&nbsp; 150 | 158885 |
| &nbsp;&nbsp;&nbsp; AXA SA, 5.13%, 01/17/47, (1-day SOFR Index + <br> 4.145%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200340 |
| Axis Specialty Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.90%, 07/15/29 | &nbsp;&nbsp;&nbsp; 155 | 150525 |
| &nbsp;&nbsp;&nbsp; 4.90%, 01/15/40, (5-year CMT + 3.186%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 75 | 72036 |
| Axis Specialty Finance PLC, 4.00%, 12/06/27 | &nbsp;&nbsp;&nbsp; 250 | 246228 |
| Berkshire Hathaway Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.85%, 03/12/30 | &nbsp;&nbsp;&nbsp; 150 | 135330 |
| &nbsp;&nbsp;&nbsp; 2.30%, 03/15/27 | &nbsp;&nbsp;&nbsp; 245 | 238391 |
| Brighthouse Financial Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 06/28/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 91857 |
| &nbsp;&nbsp;&nbsp; 5.55%, 04/09/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202378 |
| &nbsp;&nbsp;&nbsp; 5.65%, 06/10/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 152762 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Brighthouse Financial Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 06/22/27 | &nbsp;&nbsp;&nbsp; $220 | $214568 |
| &nbsp;&nbsp;&nbsp; 5.63%, 05/15/30 | &nbsp;&nbsp;&nbsp; 150 | 150315 |
| BroadStreet Partners Inc., 5.88%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 223453 |
| Brown & Brown Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/15/29 | &nbsp;&nbsp;&nbsp; 100 | 99497 |
| &nbsp;&nbsp;&nbsp; 4.60%, 12/23/26 | &nbsp;&nbsp;&nbsp; 150 | 150193 |
| &nbsp;&nbsp;&nbsp; 4.70%, 06/23/28 | &nbsp;&nbsp;&nbsp; 150 | 150403 |
| &nbsp;&nbsp;&nbsp; 4.90%, 06/23/30 | &nbsp;&nbsp;&nbsp; 230 | 230818 |
| &nbsp;&nbsp;&nbsp; China Life Insurance Overseas Co. Ltd./Hong Kong, <br> 5.35%, 08/15/33, (5-year CMT + 1.232%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 600 | 611894 |
| &nbsp;&nbsp;&nbsp; China Taiping Insurance Holdings Co. Ltd., 6.40%, <br> (5-year CMT + 2.072%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 800 | 832731 |
| Chubb INA Holdings LLC, 4.65%, 08/15/29 | &nbsp;&nbsp;&nbsp; 230 | 232796 |
| Cincinnati Financial Corp., 6.92%, 05/15/28 | &nbsp;&nbsp;&nbsp; 130 | 138782 |
| CNA Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.45%, 08/15/27 | &nbsp;&nbsp;&nbsp; 235 | 230532 |
| &nbsp;&nbsp;&nbsp; 3.90%, 05/01/29 | &nbsp;&nbsp;&nbsp; 110 | 107374 |
| CNO Financial Group Inc., 5.25%, 05/30/29 | &nbsp;&nbsp;&nbsp; 105 | 105896 |
| CNO Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 10/07/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 289753 |
| &nbsp;&nbsp;&nbsp; 2.65%, 01/06/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 185 | 172895 |
| &nbsp;&nbsp;&nbsp; 4.88%, 12/10/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 135716 |
| &nbsp;&nbsp;&nbsp; 4.95%, 09/09/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 126069 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/04/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 215 | 219877 |
| Constellation Insurance Inc., 6.80%, 01/24/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 25 | 24633 |
| Corebridge Financial Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.65%, 04/05/27 | &nbsp;&nbsp;&nbsp; 540 | 531905 |
| &nbsp;&nbsp;&nbsp; 3.85%, 04/05/29 | &nbsp;&nbsp;&nbsp; 400 | 390484 |
| &nbsp;&nbsp;&nbsp; 6.88%, 12/15/52, (5-year CMT + 3.846%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 445 | 457352 |
| Corebridge Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 08/20/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 245 | 245980 |
| &nbsp;&nbsp;&nbsp; 4.85%, 06/06/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200903 |
| &nbsp;&nbsp;&nbsp; 4.90%, 01/07/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 101035 |
| &nbsp;&nbsp;&nbsp; 4.90%, 12/03/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 126205 |
| &nbsp;&nbsp;&nbsp; 5.20%, 01/12/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 110 | 112069 |
| &nbsp;&nbsp;&nbsp; 5.20%, 06/24/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 132577 |
| &nbsp;&nbsp;&nbsp; 5.90%, 09/19/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 124553 |
| &nbsp;&nbsp;&nbsp; Enstar Finance LLC, 5.50%, 01/15/42, (5-year CMT <br> + 4.006%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 170 | 167218 |
| Enstar Group Ltd., 4.95%, 06/01/29 | &nbsp;&nbsp;&nbsp; 160 | 160505 |
| Equitable America Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 06/09/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 225657 |
| &nbsp;&nbsp;&nbsp; 4.95%, 06/09/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 251981 |
| Equitable Financial Life Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 1.40%, 08/27/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 25 | 23453 |
| &nbsp;&nbsp;&nbsp; 1.70%, 11/12/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 265 | 255543 |
| &nbsp;&nbsp;&nbsp; 1.80%, 03/08/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 210023 |
| &nbsp;&nbsp;&nbsp; 4.88%, 11/19/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 181536 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/27/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202539 |
| &nbsp;&nbsp;&nbsp; 5.45%, 03/03/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 117760 |
| Equitable Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.35%, 04/20/28 | &nbsp;&nbsp;&nbsp; 500 | 497861 |
| &nbsp;&nbsp;&nbsp; 4.57%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 99363 |
| Essent Group Ltd., 6.25%, 07/01/29 | &nbsp;&nbsp;&nbsp; 145 | 150329 |
| F&G Annuities & Life Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/04/29 | &nbsp;&nbsp;&nbsp; 175 | 180295 |
| &nbsp;&nbsp;&nbsp; 7.40%, 01/13/28 | &nbsp;&nbsp;&nbsp; 185 | 193617 |
| F&G Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 09/20/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 80 | 73399 |
| &nbsp;&nbsp;&nbsp; 2.30%, 04/11/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 192051 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/10/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $105 | $107200 |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/16/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 128050 |
| Fairfax Financial Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/29/30 | &nbsp;&nbsp;&nbsp; 200 | 198424 |
| &nbsp;&nbsp;&nbsp; 4.85%, 04/17/28 | &nbsp;&nbsp;&nbsp; 235 | 236386 |
| Farmers Exchange Capital, 7.05%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 105 | 110292 |
| Fidelity National Financial Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.40%, 06/15/30 | &nbsp;&nbsp;&nbsp; 200 | 186800 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/15/28 | &nbsp;&nbsp;&nbsp; 120 | 119403 |
| First American Financial Corp., 4.00%, 05/15/30 | &nbsp;&nbsp;&nbsp; 100 | 95192 |
| Five Corners Funding Trust II, 2.85%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 450 | 416309 |
| Fortitude Group Holdings LLC, 6.25%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 230845 |
| GA Global Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 01/06/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 289795 |
| &nbsp;&nbsp;&nbsp; 4.40%, 09/23/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 149457 |
| &nbsp;&nbsp;&nbsp; 5.40%, 01/13/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 153653 |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/08/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 355 | 362745 |
| Global Atlantic Fin Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 10/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 165570 |
| &nbsp;&nbsp;&nbsp; 4.70%, 10/15/51, (5-year CMT + 3.796%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 235 | 230059 |
| &nbsp;&nbsp;&nbsp; 7.95%, 10/15/54, (5-year CMT + 3.608%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208930 |
| Globe Life Inc., 4.55%, 09/15/28 | &nbsp;&nbsp;&nbsp; 205 | 205100 |
| &nbsp;&nbsp;&nbsp; Great-West Lifeco Finance 2018 LP, 4.05%, <br> 05/17/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 65 | 64079 |
| Guardian Life Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 11/19/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 45 | 41975 |
| &nbsp;&nbsp;&nbsp; 1.40%, 07/06/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 50 | 47293 |
| &nbsp;&nbsp;&nbsp; 1.63%, 09/16/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 50 | 46055 |
| &nbsp;&nbsp;&nbsp; 3.25%, 03/29/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 330 | 323861 |
| &nbsp;&nbsp;&nbsp; 4.18%, 09/26/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 123778 |
| &nbsp;&nbsp;&nbsp; 4.80%, 04/28/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202283 |
| &nbsp;&nbsp;&nbsp; 5.55%, 10/28/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 450 | 461303 |
| &nbsp;&nbsp;&nbsp; 5.74%, 10/02/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 119590 |
| &nbsp;&nbsp;&nbsp; Hanwha Life Insurance Co. Ltd., 3.38%, 02/04/32, <br> (5-year CMT + 1.850%)<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 195036 |
| &nbsp;&nbsp;&nbsp; Hartford Financial Services Group Inc. (The), 2.80%, <br> 08/19/29<br>| &nbsp;&nbsp;&nbsp; 155 | 145346 |
| Horace Mann Educators Corp., 7.25%, 09/15/28 | &nbsp;&nbsp;&nbsp; 75 | 79991 |
| HUB International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 12/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 163788 |
| &nbsp;&nbsp;&nbsp; 7.25%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 980 | 1022085 |
| Jackson Financial Inc., 5.17%, 06/08/27 | &nbsp;&nbsp;&nbsp; 115 | 116030 |
| Jackson National Life Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 3.05%, 06/21/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 55 | 51477 |
| &nbsp;&nbsp;&nbsp; 4.60%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 203635 |
| &nbsp;&nbsp;&nbsp; 4.70%, 06/05/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 150348 |
| &nbsp;&nbsp;&nbsp; 4.90%, 01/13/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 150513 |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/12/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 185 | 187544 |
| &nbsp;&nbsp;&nbsp; 5.35%, 01/13/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 154188 |
| &nbsp;&nbsp;&nbsp; Jones Deslauriers Insurance Management Inc., <br> 8.50%, 03/15/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 210 | 221596 |
| &nbsp;&nbsp;&nbsp; Kyobo Life Insurance Co. Ltd., 5.90%, 06/15/52, <br> (5-year CMT + 2.887%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 201974 |
| &nbsp;&nbsp;&nbsp; La Mondiale SAM, 5.88%, 01/26/47, (5-year USD <br> ICE Swap + 4.482%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 201071 |
| &nbsp;&nbsp;&nbsp; Legal & General Group PLC, 5.25%, 03/21/47, <br> (5-year USD Swap + 3.687%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 600 | 599806 |
| Liberty Mutual Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 12/15/51, (5-year CMT + 3.315%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 170226 |
| &nbsp;&nbsp;&nbsp; 4.57%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 330 | 329514 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Lincoln Financial Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 05/28/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $125 | $125285 |
| &nbsp;&nbsp;&nbsp; 5.30%, 01/13/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 164057 |
| Lincoln National Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.05%, 01/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 150 | 140266 |
| &nbsp;&nbsp;&nbsp; 3.63%, 12/12/26 | &nbsp;&nbsp;&nbsp; 100 | 98676 |
| &nbsp;&nbsp;&nbsp; 3.80%, 03/01/28 | &nbsp;&nbsp;&nbsp; 140 | 137174 |
| Loews Corp., 3.20%, 05/15/30 | &nbsp;&nbsp;&nbsp; 150 | 141676 |
| Manulife Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.48%, 05/19/27 | &nbsp;&nbsp;&nbsp; 95 | 91880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.06%, 02/24/32, (5-year USD ICE Swap + <br> 1.647%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 327 | 322455 |
| Markel Group Inc., 3.35%, 09/17/29 | &nbsp;&nbsp;&nbsp; 130 | 124649 |
| Marsh & McLennan Companies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/15/29 | &nbsp;&nbsp;&nbsp; 445 | 445448 |
| &nbsp;&nbsp;&nbsp; 4.55%, 11/08/27 | &nbsp;&nbsp;&nbsp; 260 | 261540 |
| &nbsp;&nbsp;&nbsp; 4.65%, 03/15/30 | &nbsp;&nbsp;&nbsp; 330 | 333122 |
| MassMutual Global Funding II |  |  |
| &nbsp;&nbsp;&nbsp; 4.45%, 03/27/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200821 |
| &nbsp;&nbsp;&nbsp; 4.55%, 05/07/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 250208 |
| &nbsp;&nbsp;&nbsp; 4.85%, 01/17/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 243249 |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/10/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203135 |
| &nbsp;&nbsp;&nbsp; 5.05%, 12/07/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 430 | 436738 |
| &nbsp;&nbsp;&nbsp; 5.05%, 06/14/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 209204 |
| &nbsp;&nbsp;&nbsp; 5.10%, 04/09/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 207543 |
| &nbsp;&nbsp;&nbsp; 5.15%, 05/30/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 194554 |
| &nbsp;&nbsp;&nbsp; Meiji Yasuda Life Insurance Co., 5.10%, 04/26/48, <br> (5-year USD ICE Swap + 3.150%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 360 | 358561 |
| Mercury General Corp., 4.40%, 03/15/27 | &nbsp;&nbsp;&nbsp; 45 | 44530 |
| Met Tower Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 09/14/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 335 | 323468 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 148725 |
| &nbsp;&nbsp;&nbsp; 4.80%, 01/14/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 151615 |
| &nbsp;&nbsp;&nbsp; 4.85%, 01/16/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 150984 |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/12/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 164325 |
| MetLife Inc., 4.55%, 03/23/30 | &nbsp;&nbsp;&nbsp; 300 | 302283 |
| Metropolitan Life Global Funding I |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 04/09/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 280033 |
| &nbsp;&nbsp;&nbsp; 3.00%, 09/19/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 204168 |
| &nbsp;&nbsp;&nbsp; 3.05%, 06/17/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 142656 |
| &nbsp;&nbsp;&nbsp; 3.30%, 03/21/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 144201 |
| &nbsp;&nbsp;&nbsp; 4.30%, 08/25/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 148837 |
| &nbsp;&nbsp;&nbsp; 4.40%, 06/30/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 395 | 395675 |
| &nbsp;&nbsp;&nbsp; 4.85%, 01/08/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 243964 |
| &nbsp;&nbsp;&nbsp; 4.90%, 01/09/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 152536 |
| &nbsp;&nbsp;&nbsp; 5.05%, 06/11/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 156845 |
| &nbsp;&nbsp;&nbsp; 5.05%, 01/06/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 172882 |
| &nbsp;&nbsp;&nbsp; 5.40%, 09/12/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 185603 |
| MGIC Investment Corp., 5.25%, 08/15/28 | &nbsp;&nbsp;&nbsp; 275 | 274688 |
| &nbsp;&nbsp;&nbsp; Mitsui Sumitomo Insurance Co. Ltd., 4.95%, (5-year <br> USD Swap + 3.256%)<sup>(a)(b)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 198159 |
| &nbsp;&nbsp;&nbsp; Muang Thai Life Assurance PCL, 3.55%, 01/27/37, <br> (10-year CMT + 2.400%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 195349 |
| Mutual of Omaha Companies Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 4.51%, 06/09/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 50 | 49965 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 166101 |
| &nbsp;&nbsp;&nbsp; 5.35%, 04/09/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 253136 |
| &nbsp;&nbsp;&nbsp; 5.45%, 12/12/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 95 | 97418 |
| &nbsp;&nbsp;&nbsp; Mutual of Omaha Cos Global Funding, 5.00%, <br> 04/01/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 145 | 146917 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| &nbsp;&nbsp;&nbsp; Nassau Companies of New York (The), 7.88%, <br> 07/15/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; $120 | $121116 |
| New York Life Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 01/10/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 325 | 315417 |
| &nbsp;&nbsp;&nbsp; 3.25%, 04/07/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 395 | 388709 |
| &nbsp;&nbsp;&nbsp; 3.90%, 10/01/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 195 | 193297 |
| &nbsp;&nbsp;&nbsp; 4.15%, 07/25/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 149549 |
| &nbsp;&nbsp;&nbsp; 4.40%, 04/25/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 150521 |
| &nbsp;&nbsp;&nbsp; 4.60%, 12/05/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201285 |
| &nbsp;&nbsp;&nbsp; 4.60%, 06/03/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 176164 |
| &nbsp;&nbsp;&nbsp; 4.70%, 01/29/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 295 | 298230 |
| &nbsp;&nbsp;&nbsp; 4.85%, 01/09/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 415 | 420051 |
| &nbsp;&nbsp;&nbsp; 4.90%, 04/02/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 176923 |
| &nbsp;&nbsp;&nbsp; 4.90%, 06/13/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 137329 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/06/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 102174 |
| &nbsp;&nbsp;&nbsp; 5.45%, 09/18/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 146785 |
| Nippon Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.40%, 01/23/50, (5-year CMT + 2.612%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 355 | 328642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 09/19/47, (5-year USD ICE Swap + <br> 2.880%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 195405 |
| NLG Global Funding, 5.40%, 01/23/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 169683 |
| NMI Holdings Inc., 6.00%, 08/15/29 | &nbsp;&nbsp;&nbsp; 105 | 107307 |
| Northwestern Mutual Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 1.70%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 186354 |
| &nbsp;&nbsp;&nbsp; 1.75%, 01/11/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 322 | 310265 |
| &nbsp;&nbsp;&nbsp; 3.30%, 04/04/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 163306 |
| &nbsp;&nbsp;&nbsp; 4.11%, 09/12/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 110 | 109560 |
| &nbsp;&nbsp;&nbsp; 4.35%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 110 | 110287 |
| &nbsp;&nbsp;&nbsp; 4.49%, 03/21/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201041 |
| &nbsp;&nbsp;&nbsp; 4.60%, 06/03/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 150738 |
| &nbsp;&nbsp;&nbsp; 4.71%, 01/10/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 181693 |
| &nbsp;&nbsp;&nbsp; 4.90%, 06/12/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 121956 |
| &nbsp;&nbsp;&nbsp; 4.96%, 01/13/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 152522 |
| &nbsp;&nbsp;&nbsp; 5.07%, 03/25/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 220 | 222488 |
| Old Republic International Corp., 3.88%, 08/26/26 | &nbsp;&nbsp;&nbsp; 90 | 89266 |
| Pacific Life Global Funding II |  |  |
| &nbsp;&nbsp;&nbsp; 1.45%, 01/20/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 93447 |
| &nbsp;&nbsp;&nbsp; 1.60%, 09/21/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 15 | 13751 |
| &nbsp;&nbsp;&nbsp; 4.45%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201047 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/28/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 135039 |
| &nbsp;&nbsp;&nbsp; 4.85%, 02/10/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 151467 |
| &nbsp;&nbsp;&nbsp; 4.90%, 01/11/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 70 | 71036 |
| &nbsp;&nbsp;&nbsp; 5.50%, 08/28/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 101095 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/18/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 410 | 422743 |
| PartnerRe Finance B LLC, 3.70%, 07/02/29 | &nbsp;&nbsp;&nbsp; 185 | 178727 |
| &nbsp;&nbsp;&nbsp; Phoenix Group Holdings PLC, 4.75%, 09/04/31, <br> (5-year CMT + 4.276%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 198511 |
| Pricoa Global Funding I |  |  |
| &nbsp;&nbsp;&nbsp; 1.20%, 09/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 495 | 478336 |
| &nbsp;&nbsp;&nbsp; 4.40%, 08/27/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 170105 |
| &nbsp;&nbsp;&nbsp; 4.70%, 05/28/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 150861 |
| &nbsp;&nbsp;&nbsp; 5.10%, 05/30/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 440 | 448287 |
| &nbsp;&nbsp;&nbsp; 5.55%, 08/28/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 151715 |
| Principal Financial Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 06/15/30 | &nbsp;&nbsp;&nbsp; 200 | 178641 |
| &nbsp;&nbsp;&nbsp; 3.70%, 05/15/29 | &nbsp;&nbsp;&nbsp; 100 | 97228 |
| &nbsp;&nbsp;&nbsp; 4.11%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 195 | 192591 |
| Principal Life Global Funding II |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 08/16/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 315 | 304780 |
| &nbsp;&nbsp;&nbsp; 1.50%, 11/17/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 288736 |
| &nbsp;&nbsp;&nbsp; 2.50%, 09/16/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 138705 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| &nbsp;&nbsp;&nbsp; 4.60%, 08/19/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $150 | $150412 |
| &nbsp;&nbsp;&nbsp; 4.80%, 01/09/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 100842 |
| &nbsp;&nbsp;&nbsp; 4.95%, 11/27/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 146814 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/16/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 115870 |
| &nbsp;&nbsp;&nbsp; 5.10%, 01/25/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 163045 |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/28/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 265 | 272413 |
| Progressive Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 2.45%, 01/15/27 | &nbsp;&nbsp;&nbsp; 35 | 34086 |
| &nbsp;&nbsp;&nbsp; 2.50%, 03/15/27 | &nbsp;&nbsp;&nbsp; 310 | 301294 |
| &nbsp;&nbsp;&nbsp; 3.20%, 03/26/30 | &nbsp;&nbsp;&nbsp; 140 | 133110 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/01/29 | &nbsp;&nbsp;&nbsp; 195 | 193238 |
| Protective Life Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.40%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 90 | 85405 |
| &nbsp;&nbsp;&nbsp; 4.30%, 09/30/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 15 | 14873 |
| Protective Life Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 1.30%, 09/20/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 197953 |
| &nbsp;&nbsp;&nbsp; 4.34%, 09/13/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 149885 |
| &nbsp;&nbsp;&nbsp; 4.71%, 07/06/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 235 | 236066 |
| &nbsp;&nbsp;&nbsp; 4.77%, 12/09/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 161474 |
| &nbsp;&nbsp;&nbsp; 4.80%, 06/05/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 151102 |
| &nbsp;&nbsp;&nbsp; 4.99%, 01/12/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 151030 |
| &nbsp;&nbsp;&nbsp; 5.22%, 06/12/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 153713 |
| &nbsp;&nbsp;&nbsp; 5.47%, 12/08/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 159693 |
| Prudential Financial Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.10%, 03/10/30 | &nbsp;&nbsp;&nbsp; 150 | 136076 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/27/28 | &nbsp;&nbsp;&nbsp; 415 | 411351 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/15/47<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 185 | 181870 |
| &nbsp;&nbsp;&nbsp; 5.70%, 09/15/48<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 225 | 228127 |
| Prudential Funding Asia PLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 11/03/33, (5-year CMT + 1.517%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 376997 |
| &nbsp;&nbsp;&nbsp; 3.13%, 04/14/30 | &nbsp;&nbsp;&nbsp; 300 | 283253 |
| Reinsurance Group of America Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.15%, 06/15/30 | &nbsp;&nbsp;&nbsp; 200 | 186979 |
| &nbsp;&nbsp;&nbsp; 3.90%, 05/15/29 | &nbsp;&nbsp;&nbsp; 265 | 260280 |
| Reliance Standard Life Global Funding II |  |  |
| &nbsp;&nbsp;&nbsp; 1.51%, 09/28/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 260 | 250599 |
| &nbsp;&nbsp;&nbsp; 2.75%, 01/21/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 85 | 82047 |
| RenaissanceRe Finance Inc., 3.45%, 07/01/27 | &nbsp;&nbsp;&nbsp; 20 | 19621 |
| RenaissanceRe Holdings Ltd., 3.60%, 04/15/29 | &nbsp;&nbsp;&nbsp; 115 | 110946 |
| RGA Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 2.70%, 01/18/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 126516 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/09/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 168548 |
| &nbsp;&nbsp;&nbsp; 5.45%, 05/24/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 215 | 220921 |
| &nbsp;&nbsp;&nbsp; 6.00%, 11/21/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 104189 |
| Ryan Specialty LLC, 4.38%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 115146 |
| Sagicor Financial Co. Ltd., 5.30%, 05/13/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199514 |
| Sammons Financial Group Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 06/12/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 100592 |
| &nbsp;&nbsp;&nbsp; 5.05%, 01/10/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 151634 |
| &nbsp;&nbsp;&nbsp; 5.10%, 12/10/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 127073 |
| Sammons Financial Group Inc., 4.45%, 05/12/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 50 | 49681 |
| SBL Holdings Inc., 5.13%, 11/13/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 187 | 185623 |
| SiriusPoint Ltd., 7.00%, 04/05/29 | &nbsp;&nbsp;&nbsp; 115 | 120576 |
| Sumitomo Life Insurance Co., 4.00%, 09/14/77<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 485 | 473826 |
| &nbsp;&nbsp;&nbsp; Swiss Re Finance Luxembourg SA, 5.00%, <br> 04/02/49, (5-year CMT + 3.582%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 225 | 224618 |
| &nbsp;&nbsp;&nbsp; Tongyang Life Insurance Co. Ltd., 6.25%, 05/07/35, <br> (5-year CMT + 4.588%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 206283 |
| Unum Group, 4.00%, 06/15/29 | &nbsp;&nbsp;&nbsp; 100 | 97850 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Western-Southern Global Funding |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 07/16/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $75 | $75069 |
| &nbsp;&nbsp;&nbsp; 4.90%, 05/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 125993 |
| Willis North America Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 09/15/29 | &nbsp;&nbsp;&nbsp; 200 | 187591 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/15/28 | &nbsp;&nbsp;&nbsp; 205 | 205297 |
| &nbsp;&nbsp;&nbsp; 4.65%, 06/15/27 | &nbsp;&nbsp;&nbsp; 417 | 418751 |
|  |  | 61792475 |
| **Internet — 0.6%** | **Internet — 0.6%** | **Internet — 0.6%** |
| Acuris Finance U.S. Inc./Acuris Finance SARL |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 110550 |
| &nbsp;&nbsp;&nbsp; 9.00%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 158253 |
| Alibaba Group Holding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.40%, 12/06/27 | &nbsp;&nbsp;&nbsp; 865 | 847508 |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/26/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 306142 |
| Alphabet Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 0.80%, 08/15/27 | &nbsp;&nbsp;&nbsp; 340 | 318889 |
| &nbsp;&nbsp;&nbsp; 2.00%, 08/15/26 | &nbsp;&nbsp;&nbsp; 250 | 244435 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/15/30 | &nbsp;&nbsp;&nbsp; 290 | 289079 |
| Amazon.com Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.20%, 06/03/27 | &nbsp;&nbsp;&nbsp; 512 | 485824 |
| &nbsp;&nbsp;&nbsp; 1.50%, 06/03/30 | &nbsp;&nbsp;&nbsp; 600 | 529122 |
| &nbsp;&nbsp;&nbsp; 1.65%, 05/12/28 | &nbsp;&nbsp;&nbsp; 665 | 622765 |
| &nbsp;&nbsp;&nbsp; 3.15%, 08/22/27 | &nbsp;&nbsp;&nbsp; 1270 | 1246100 |
| &nbsp;&nbsp;&nbsp; 3.30%, 04/13/27 | &nbsp;&nbsp;&nbsp; 763 | 752364 |
| &nbsp;&nbsp;&nbsp; 3.45%, 04/13/29 | &nbsp;&nbsp;&nbsp; 420 | 410343 |
| &nbsp;&nbsp;&nbsp; 4.55%, 12/01/27 | &nbsp;&nbsp;&nbsp; 820 | 828084 |
| &nbsp;&nbsp;&nbsp; 4.65%, 12/01/29 | &nbsp;&nbsp;&nbsp; 400 | 407079 |
| ANGI Group LLC, 3.88%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 158337 |
| Arches Buyer Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 315 | 303640 |
| &nbsp;&nbsp;&nbsp; 6.13%, 12/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 152826 |
| Baidu Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.63%, 02/23/27 | &nbsp;&nbsp;&nbsp; 160 | 153324 |
| &nbsp;&nbsp;&nbsp; 3.43%, 04/07/30 | &nbsp;&nbsp;&nbsp; 200 | 191198 |
| &nbsp;&nbsp;&nbsp; 3.63%, 07/06/27 | &nbsp;&nbsp;&nbsp; 80 | 78778 |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/29/28 | &nbsp;&nbsp;&nbsp; 200 | 199748 |
| Booking Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.55%, 03/15/28 | &nbsp;&nbsp;&nbsp; 110 | 107834 |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/13/30 | &nbsp;&nbsp;&nbsp; 450 | 454532 |
| Cablevision Lightpath LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 133638 |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 129469 |
| Cars.com Inc., 6.38%, 11/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 119848 |
| &nbsp;&nbsp;&nbsp; Cogent Communications Group Inc./Cogent <br> Communications Finance Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 85 | 85253 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 145256 |
| eBay Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.70%, 03/11/30 | &nbsp;&nbsp;&nbsp; 305 | 282039 |
| &nbsp;&nbsp;&nbsp; 3.60%, 06/05/27 | &nbsp;&nbsp;&nbsp; 161 | 158814 |
| Expedia Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 02/15/30 | &nbsp;&nbsp;&nbsp; 375 | 353657 |
| &nbsp;&nbsp;&nbsp; 3.80%, 02/15/28 | &nbsp;&nbsp;&nbsp; 385 | 378498 |
| &nbsp;&nbsp;&nbsp; 4.63%, 08/01/27 | &nbsp;&nbsp;&nbsp; 286 | 286280 |
| Gen Digital Inc., 6.75%, 09/30/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 270 | 274624 |
| Getty Images Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 9.75%, 03/01/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 110 | 107072 |
| &nbsp;&nbsp;&nbsp; 11.25%, 02/21/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 148436 |
| Go Daddy Operating Co. LLC/GD Finance Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 234747 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Internet (continued)** | **Internet (continued)** | **Internet (continued)** |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $225 | $224119 |
| GrubHub Holdings Inc., 5.50%, 07/01/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 170 | 166345 |
| ION Trading Technologies SARL |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 145221 |
| &nbsp;&nbsp;&nbsp; 9.50%, 05/30/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208830 |
| JD.com Inc., 3.38%, 01/14/30 | &nbsp;&nbsp;&nbsp; 255 | 243584 |
| Match Group Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 143 | 139725 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 188456 |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 105 | 104604 |
| Meituan |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/02/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 398260 |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/02/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 398895 |
| Meta Platforms Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 08/15/27 | &nbsp;&nbsp;&nbsp; 760 | 750432 |
| &nbsp;&nbsp;&nbsp; 4.30%, 08/15/29 | &nbsp;&nbsp;&nbsp; 325 | 326308 |
| &nbsp;&nbsp;&nbsp; 4.60%, 05/15/28 | &nbsp;&nbsp;&nbsp; 430 | 435580 |
| &nbsp;&nbsp;&nbsp; 4.80%, 05/15/30 | &nbsp;&nbsp;&nbsp; 300 | 307461 |
| Millennium Escrow Corp., 6.63%, 08/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 227249 |
| Netflix Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 11/15/26 | &nbsp;&nbsp;&nbsp; 268 | 268719 |
| &nbsp;&nbsp;&nbsp; 4.88%, 04/15/28 | &nbsp;&nbsp;&nbsp; 629 | 638931 |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 310707 |
| &nbsp;&nbsp;&nbsp; 5.38%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 255 | 264687 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/15/28 | &nbsp;&nbsp;&nbsp; 590 | 618785 |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/15/29 | &nbsp;&nbsp;&nbsp; 235 | 251778 |
| Newfold Digital Holdings Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 90485 |
| &nbsp;&nbsp;&nbsp; 11.75%, 10/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 115471 |
| Prosus NV |  |  |
| &nbsp;&nbsp;&nbsp; 3.26%, 01/19/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 391067 |
| &nbsp;&nbsp;&nbsp; 3.68%, 01/21/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 189006 |
| &nbsp;&nbsp;&nbsp; 4.85%, 07/06/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200337 |
| Rakuten Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, (5-year CMT + 4.578%)<sup>(a)(b)(g)</sup> | &nbsp;&nbsp;&nbsp; 95 | 93418 |
| &nbsp;&nbsp;&nbsp; 8.13%, (5-year CMT + 4.250%)<sup>(a)(b)(g)</sup> | &nbsp;&nbsp;&nbsp; 175 | 173767 |
| &nbsp;&nbsp;&nbsp; 9.75%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 575 | 632232 |
| &nbsp;&nbsp;&nbsp; 11.25%, 02/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 555 | 601346 |
| Tencent Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.39%, 06/03/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 548712 |
| &nbsp;&nbsp;&nbsp; 3.60%, 01/19/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 800 | 785242 |
| &nbsp;&nbsp;&nbsp; 3.98%, 04/11/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 800 | 789884 |
| Uber Technologies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.30%, 01/15/30 | &nbsp;&nbsp;&nbsp; 300 | 297633 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 435 | 431252 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200568 |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 637 | 639391 |
| VeriSign Inc., 4.75%, 07/15/27 | &nbsp;&nbsp;&nbsp; 95 | 94941 |
| Wayfair LLC, 7.25%, 10/31/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 255 | 259383 |
|  |  | 25347196 |
| **Iron & Steel — 0.2%** | **Iron & Steel — 0.2%** | **Iron & Steel — 0.2%** |
| ABJA Investment Co. Pte Ltd., 5.45%, 01/24/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202582 |
| Algoma Steel Inc., 9.13%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 110 | 99705 |
| ArcelorMittal SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 07/16/29 | &nbsp;&nbsp;&nbsp; 100 | 98752 |
| &nbsp;&nbsp;&nbsp; 6.55%, 11/29/27 | &nbsp;&nbsp;&nbsp; 442 | 459413 |
| ATI Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 10/01/29 | &nbsp;&nbsp;&nbsp; 100 | 97308 |
| &nbsp;&nbsp;&nbsp; 5.88%, 12/01/27 | &nbsp;&nbsp;&nbsp; 130 | 129781 |
| &nbsp;&nbsp;&nbsp; Baffinland Iron Mines Corp./Baffinland Iron <br> Mines LP, 8.75%, 07/15/26<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 132 | 124609 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Iron & Steel (continued)** | **Iron & Steel (continued)** | **Iron & Steel (continued)** |
| Carpenter Technology Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 07/15/28 | &nbsp;&nbsp;&nbsp; $135 | $135494 |
| &nbsp;&nbsp;&nbsp; 7.63%, 03/15/30 | &nbsp;&nbsp;&nbsp; 75 | 77228 |
| Cleveland-Cliffs Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 117574 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/01/27 | &nbsp;&nbsp;&nbsp; 175 | 175192 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 228663 |
| &nbsp;&nbsp;&nbsp; 6.88%, 11/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 270 | 270097 |
| Commercial Metals Co., 4.13%, 01/15/30 | &nbsp;&nbsp;&nbsp; 90 | 85455 |
| CSN Inova Ventures, 6.75%, 01/28/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 381866 |
| &nbsp;&nbsp;&nbsp; Eregli Demir ve Celik Fabrikalari TAS, 8.38%, <br> 07/23/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 207143 |
| GUSAP III LP, 4.25%, 01/21/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194120 |
| Infrabuild Australia Pty. Ltd., 14.50%, 11/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 108463 |
| Krakatau Posco PT |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 06/11/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201664 |
| &nbsp;&nbsp;&nbsp; 6.38%, 06/11/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201397 |
| Metinvest BV, 7.75%, 10/17/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 152474 |
| Mineral Resources Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 11/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 212603 |
| &nbsp;&nbsp;&nbsp; 8.13%, 05/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 230679 |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/01/30<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 175 | 177925 |
| &nbsp;&nbsp;&nbsp; 9.25%, 10/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 355 | 368838 |
| Nucor Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.70%, 06/01/30 | &nbsp;&nbsp;&nbsp; 150 | 137995 |
| &nbsp;&nbsp;&nbsp; 3.95%, 05/01/28 | &nbsp;&nbsp;&nbsp; 80 | 79226 |
| &nbsp;&nbsp;&nbsp; 4.30%, 05/23/27 | &nbsp;&nbsp;&nbsp; 310 | 309739 |
| &nbsp;&nbsp;&nbsp; 4.65%, 06/01/30 | &nbsp;&nbsp;&nbsp; 150 | 150892 |
| POSCO |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/04/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 204 | 202906 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/17/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 385 | 394340 |
| &nbsp;&nbsp;&nbsp; POSCO HOLDINGS Inc. SR UNSECURED REGS <br> 05/30 5.125, 5.13%, 05/07/30<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 202738 |
| Steel Dynamics Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.65%, 10/15/27 | &nbsp;&nbsp;&nbsp; 15 | 14116 |
| &nbsp;&nbsp;&nbsp; 3.45%, 04/15/30 | &nbsp;&nbsp;&nbsp; 180 | 170888 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/15/26 | &nbsp;&nbsp;&nbsp; 90 | 90049 |
| TMS International Corp./DE, 6.25%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 109499 |
| U.S. Steel Corp., 6.88%, 03/01/29 | &nbsp;&nbsp;&nbsp; 150 | 151272 |
| Vale Overseas Ltd., 3.75%, 07/08/30 | &nbsp;&nbsp;&nbsp; 200 | 188414 |
|  |  | 6941099 |
| **Leisure Time — 0.2%** | **Leisure Time — 0.2%** | **Leisure Time — 0.2%** |
| Acushnet Co., 7.38%, 10/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 110 | 114854 |
| Brunswick Corp./DE, 5.85%, 03/18/29 | &nbsp;&nbsp;&nbsp; 135 | 138776 |
| Carnival Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 800 | 777097 |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 95 | 95877 |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 304545 |
| &nbsp;&nbsp;&nbsp; 6.00%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 625 | 630470 |
| &nbsp;&nbsp;&nbsp; 6.65%, 01/15/28 | &nbsp;&nbsp;&nbsp; 63 | 64900 |
| &nbsp;&nbsp;&nbsp; 7.00%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 80 | 84073 |
| Harley-Davidson Financial Services Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.05%, 02/14/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 141328 |
| &nbsp;&nbsp;&nbsp; 5.95%, 06/11/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 137678 |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/10/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 237857 |
| &nbsp;&nbsp;&nbsp; Lindblad Expeditions Holdings Inc., 9.00%, <br> 05/15/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 80 | 83386 |
| Lindblad Expeditions LLC, 6.75%, 02/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 145294 |
| MajorDrive Holdings IV LLC, 6.38%, 06/01/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 155 | 127996 |
| NCL Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 02/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 295 | 295736 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Leisure Time (continued)** | **Leisure Time (continued)** | **Leisure Time (continued)** |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $225 | $238837 |
| &nbsp;&nbsp;&nbsp; 8.13%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 262814 |
| NCL Finance Ltd., 6.13%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 185 | 187589 |
| Polaris Inc., 6.95%, 03/15/29 | &nbsp;&nbsp;&nbsp; 160 | 168674 |
| Royal Caribbean Cruises Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 03/15/28 | &nbsp;&nbsp;&nbsp; 170 | 165525 |
| &nbsp;&nbsp;&nbsp; 5.38%, 07/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 285 | 286322 |
| &nbsp;&nbsp;&nbsp; 5.50%, 08/31/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 280 | 280889 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 515 | 521069 |
| &nbsp;&nbsp;&nbsp; 7.50%, 10/15/27 | &nbsp;&nbsp;&nbsp; 105 | 110574 |
| Sabre GLBL Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 8.63%, 06/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 121 | 122893 |
| &nbsp;&nbsp;&nbsp; 10.75%, 11/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 134 | 138011 |
| &nbsp;&nbsp;&nbsp; 11.13%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 422287 |
| &nbsp;&nbsp;&nbsp; 11.25%, 12/15/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 100 | 105284 |
| Sunny Express Enterprises Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 03/01/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195650 |
| &nbsp;&nbsp;&nbsp; 3.13%, 04/23/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 190011 |
| Viking Cruises Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 270 | 269673 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 161209 |
| &nbsp;&nbsp;&nbsp; Viking Ocean Cruises Ship VII Ltd., 5.63%, <br> 02/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 100 | 99572 |
| VOC Escrow Ltd., 5.00%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 220 | 217938 |
|  |  | 7524688 |
| **Lodging — 0.3%** | **Lodging — 0.3%** | **Lodging — 0.3%** |
| Boyd Gaming Corp., 4.75%, 12/01/27 | &nbsp;&nbsp;&nbsp; 305 | 302448 |
| Choice Hotels International Inc., 3.70%, 12/01/29 | &nbsp;&nbsp;&nbsp; 105 | 99667 |
| Fortune Star BVI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.05%, 01/27/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195032 |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/19/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205161 |
| Full House Resorts Inc., 8.25%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 140 | 135400 |
| &nbsp;&nbsp;&nbsp; Genting New York LLC/GENNY Capital Inc., 7.25%, <br> 10/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 206093 |
| Gohl Capital Ltd., 4.25%, 01/24/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 395858 |
| Hilton Domestic Operating Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 190547 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/15/30 | &nbsp;&nbsp;&nbsp; 300 | 295907 |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 155142 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 167645 |
| &nbsp;&nbsp;&nbsp; Hilton Grand Vacations Borrower Escrow LLC/Hilton <br> Grand Vacations Borrower Esc, 5.00%, <br> 06/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 275 | 263112 |
| &nbsp;&nbsp;&nbsp; Hilton Worldwide Finance LLC/Hilton Worldwide <br> Finance Corp., 4.88%, 04/01/27<br>| &nbsp;&nbsp;&nbsp; 215 | 214519 |
| Hyatt Hotels Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 09/15/28 | &nbsp;&nbsp;&nbsp; 195 | 193438 |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/30/28 | &nbsp;&nbsp;&nbsp; 75 | 75779 |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/30/29 | &nbsp;&nbsp;&nbsp; 220 | 223733 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/30/27 | &nbsp;&nbsp;&nbsp; 50 | 50833 |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/23/30 | &nbsp;&nbsp;&nbsp; 100 | 103176 |
| Las Vegas Sands Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 08/18/26 | &nbsp;&nbsp;&nbsp; 345 | 339524 |
| &nbsp;&nbsp;&nbsp; 3.90%, 08/08/29 | &nbsp;&nbsp;&nbsp; 270 | 257699 |
| &nbsp;&nbsp;&nbsp; 5.63%, 06/15/28 | &nbsp;&nbsp;&nbsp; 275 | 279339 |
| &nbsp;&nbsp;&nbsp; 5.90%, 06/01/27 | &nbsp;&nbsp;&nbsp; 100 | 101664 |
| &nbsp;&nbsp;&nbsp; 6.00%, 08/15/29 | &nbsp;&nbsp;&nbsp; 125 | 128566 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/14/30 | &nbsp;&nbsp;&nbsp; 65 | 66897 |
| Marriott International Inc./MD |  |  |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/15/30 | &nbsp;&nbsp;&nbsp; 120 | 120727 |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/15/29 | &nbsp;&nbsp;&nbsp; 235 | 237318 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Lodging (continued)** | **Lodging (continued)** | **Lodging (continued)** |
| &nbsp;&nbsp;&nbsp; 4.90%, 04/15/29 | &nbsp;&nbsp;&nbsp; $245 | $248027 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/15/27 | &nbsp;&nbsp;&nbsp; 330 | 334100 |
| &nbsp;&nbsp;&nbsp; 5.45%, 09/15/26 | &nbsp;&nbsp;&nbsp; 50 | 50475 |
| &nbsp;&nbsp;&nbsp; 5.55%, 10/15/28 | &nbsp;&nbsp;&nbsp; 190 | 196122 |
| &nbsp;&nbsp;&nbsp; Series AA, 4.65%, 12/01/28 | &nbsp;&nbsp;&nbsp; 45 | 45181 |
| &nbsp;&nbsp;&nbsp; Series FF, 4.63%, 06/15/30 | &nbsp;&nbsp;&nbsp; 300 | 299648 |
| &nbsp;&nbsp;&nbsp; Series X, 4.00%, 04/15/28 | &nbsp;&nbsp;&nbsp; 140 | 138466 |
| Marriott Ownership Resorts Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 143155 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/28 | &nbsp;&nbsp;&nbsp; 100 | 97518 |
| Melco Resorts Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 12/04/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 345 | 328730 |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/17/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199581 |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/21/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 245502 |
| MGM China Holdings Ltd., 4.75%, 02/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 260 | 257665 |
| MGM Resorts International |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 09/01/26 | &nbsp;&nbsp;&nbsp; 135 | 134527 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 220 | 217233 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/15/27 | &nbsp;&nbsp;&nbsp; 219 | 219766 |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/15/29 | &nbsp;&nbsp;&nbsp; 250 | 253650 |
| Sands China Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.30%, 03/08/27 | &nbsp;&nbsp;&nbsp; 245 | 236001 |
| &nbsp;&nbsp;&nbsp; 2.85%, 03/08/29 | &nbsp;&nbsp;&nbsp; 200 | 185024 |
| &nbsp;&nbsp;&nbsp; 4.38%, 06/18/30 | &nbsp;&nbsp;&nbsp; 200 | 192652 |
| &nbsp;&nbsp;&nbsp; 5.40%, 08/08/28 | &nbsp;&nbsp;&nbsp; 460 | 465117 |
| Station Casinos LLC, 4.50%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 224832 |
| Studio City Co. Ltd., 7.00%, 02/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 130925 |
| Studio City Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 328211 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 158508 |
| Travel & Leisure Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 12/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 168032 |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 95953 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/01/27 | &nbsp;&nbsp;&nbsp; 135 | 135985 |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/31/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 206562 |
| Wyndham Hotels & Resorts Inc., 4.38%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 169852 |
| &nbsp;&nbsp;&nbsp; Wynn Las Vegas LLC/Wynn Las Vegas Capital <br> Corp., 5.25%, 05/15/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 268 | 267654 |
| Wynn Macau Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 12/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 264509 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 245 | 244166 |
| &nbsp;&nbsp;&nbsp; 5.63%, 08/26/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 425 | 420262 |
|  |  | 12308815 |
| **Machinery — 0.4%** | **Machinery — 0.4%** | **Machinery — 0.4%** |
| ABB Finance USA Inc., 3.80%, 04/03/28 | &nbsp;&nbsp;&nbsp; 35 | 34927 |
| AGCO Corp., 5.45%, 03/21/27 | &nbsp;&nbsp;&nbsp; 145 | 146347 |
| ATS Corp., 4.13%, 12/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 95095 |
| BWX Technologies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 06/30/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 120982 |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 120017 |
| Caterpillar Financial Services Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.10%, 09/14/27 | &nbsp;&nbsp;&nbsp; 215 | 202007 |
| &nbsp;&nbsp;&nbsp; 1.15%, 09/14/26 | &nbsp;&nbsp;&nbsp; 244 | 235832 |
| &nbsp;&nbsp;&nbsp; 1.70%, 01/08/27 | &nbsp;&nbsp;&nbsp; 250 | 241333 |
| &nbsp;&nbsp;&nbsp; 2.40%, 08/09/26 | &nbsp;&nbsp;&nbsp; 20 | 19622 |
| &nbsp;&nbsp;&nbsp; 3.60%, 08/12/27 | &nbsp;&nbsp;&nbsp; 395 | 390421 |
| &nbsp;&nbsp;&nbsp; 4.38%, 08/16/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 175 | 175741 |
| &nbsp;&nbsp;&nbsp; 4.40%, 10/15/27 | &nbsp;&nbsp;&nbsp; 150 | 150712 |
| &nbsp;&nbsp;&nbsp; 4.40%, 03/03/28 | &nbsp;&nbsp;&nbsp; 100 | 100440 |
| &nbsp;&nbsp;&nbsp; 4.45%, 10/16/26 | &nbsp;&nbsp;&nbsp; 135 | 135355 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/07/27 | &nbsp;&nbsp;&nbsp; 175 | 175719 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/08/27 | &nbsp;&nbsp;&nbsp; $215 | $215756 |
| &nbsp;&nbsp;&nbsp; 4.60%, 11/15/27 | &nbsp;&nbsp;&nbsp; 275 | 277381 |
| &nbsp;&nbsp;&nbsp; 4.70%, 11/15/29 | &nbsp;&nbsp;&nbsp; 285 | 289251 |
| &nbsp;&nbsp;&nbsp; 4.80%, 01/08/30 | &nbsp;&nbsp;&nbsp; 160 | 163011 |
| &nbsp;&nbsp;&nbsp; 4.85%, 02/27/29 | &nbsp;&nbsp;&nbsp; 150 | 152798 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/14/27 | &nbsp;&nbsp;&nbsp; 125 | 126689 |
| Caterpillar Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.60%, 09/19/29 | &nbsp;&nbsp;&nbsp; 140 | 131195 |
| &nbsp;&nbsp;&nbsp; 2.60%, 04/09/30 | &nbsp;&nbsp;&nbsp; 250 | 231746 |
| Chart Industries Inc., 7.50%, 01/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 435 | 455700 |
| CNH Industrial Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/08/27 | &nbsp;&nbsp;&nbsp; 75 | 74863 |
| &nbsp;&nbsp;&nbsp; 4.55%, 04/10/28 | &nbsp;&nbsp;&nbsp; 280 | 280446 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/21/28 | &nbsp;&nbsp;&nbsp; 105 | 105448 |
| &nbsp;&nbsp;&nbsp; 5.10%, 04/20/29 | &nbsp;&nbsp;&nbsp; 190 | 193212 |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/12/29 | &nbsp;&nbsp;&nbsp; 180 | 185208 |
| CNH Industrial NV, 3.85%, 11/15/27 | &nbsp;&nbsp;&nbsp; 135 | 133349 |
| Deere & Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.10%, 04/15/30 | &nbsp;&nbsp;&nbsp; 200 | 189323 |
| &nbsp;&nbsp;&nbsp; 5.38%, 10/16/29 | &nbsp;&nbsp;&nbsp; 105 | 109364 |
| Dover Corp., 2.95%, 11/04/29 | &nbsp;&nbsp;&nbsp; 85 | 79884 |
| Eaton Capital ULC, 4.45%, 05/09/30 | &nbsp;&nbsp;&nbsp; 190 | 189928 |
| Esab Corp., 6.25%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 168673 |
| GrafTech Finance Inc., 4.63%, 12/23/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 170 | 122837 |
| &nbsp;&nbsp;&nbsp; GrafTech Global Enterprises Inc., 9.88%, <br> 12/23/29<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 140 | 124111 |
| &nbsp;&nbsp;&nbsp; Husky Injection Molding Systems Ltd./Titan <br> Co-Borrower LLC, 9.00%, 02/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 290 | 299234 |
| IDEX Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 05/01/30 | &nbsp;&nbsp;&nbsp; 150 | 139318 |
| &nbsp;&nbsp;&nbsp; 4.95%, 09/01/29 | &nbsp;&nbsp;&nbsp; 105 | 106167 |
| Ingersoll Rand Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.18%, 06/15/29 | &nbsp;&nbsp;&nbsp; 220 | 225329 |
| &nbsp;&nbsp;&nbsp; 5.20%, 06/15/27 | &nbsp;&nbsp;&nbsp; 240 | 243111 |
| &nbsp;&nbsp;&nbsp; 5.40%, 08/14/28 | &nbsp;&nbsp;&nbsp; 180 | 184634 |
| John Deere Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.30%, 10/13/26 | &nbsp;&nbsp;&nbsp; 315 | 304247 |
| &nbsp;&nbsp;&nbsp; 1.50%, 03/06/28 | &nbsp;&nbsp;&nbsp; 20 | 18668 |
| &nbsp;&nbsp;&nbsp; 1.75%, 03/09/27 | &nbsp;&nbsp;&nbsp; 110 | 105795 |
| &nbsp;&nbsp;&nbsp; 2.25%, 09/14/26 | &nbsp;&nbsp;&nbsp; 50 | 48879 |
| &nbsp;&nbsp;&nbsp; 2.35%, 03/08/27 | &nbsp;&nbsp;&nbsp; 355 | 344644 |
| &nbsp;&nbsp;&nbsp; 2.45%, 01/09/30 | &nbsp;&nbsp;&nbsp; 175 | 161710 |
| &nbsp;&nbsp;&nbsp; 2.80%, 09/08/27 | &nbsp;&nbsp;&nbsp; 150 | 145813 |
| &nbsp;&nbsp;&nbsp; 2.80%, 07/18/29 | &nbsp;&nbsp;&nbsp; 150 | 141735 |
| &nbsp;&nbsp;&nbsp; 3.05%, 01/06/28 | &nbsp;&nbsp;&nbsp; 65 | 63325 |
| &nbsp;&nbsp;&nbsp; 3.35%, 04/18/29 | &nbsp;&nbsp;&nbsp; 200 | 193720 |
| &nbsp;&nbsp;&nbsp; 3.45%, 03/07/29 | &nbsp;&nbsp;&nbsp; 200 | 194813 |
| &nbsp;&nbsp;&nbsp; 4.15%, 09/15/27 | &nbsp;&nbsp;&nbsp; 420 | 419441 |
| &nbsp;&nbsp;&nbsp; 4.20%, 07/15/27 | &nbsp;&nbsp;&nbsp; 275 | 275161 |
| &nbsp;&nbsp;&nbsp; 4.38%, 10/15/30 | &nbsp;&nbsp;&nbsp; 150 | 149439 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/08/27 | &nbsp;&nbsp;&nbsp; 310 | 311187 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/16/29 | &nbsp;&nbsp;&nbsp; 305 | 307133 |
| &nbsp;&nbsp;&nbsp; 4.65%, 01/07/28 | &nbsp;&nbsp;&nbsp; 175 | 176981 |
| &nbsp;&nbsp;&nbsp; 4.70%, 06/10/30 | &nbsp;&nbsp;&nbsp; 300 | 303958 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/20/28 | &nbsp;&nbsp;&nbsp; 470 | 475852 |
| &nbsp;&nbsp;&nbsp; 4.85%, 03/05/27 | &nbsp;&nbsp;&nbsp; 145 | 146438 |
| &nbsp;&nbsp;&nbsp; 4.85%, 06/11/29 | &nbsp;&nbsp;&nbsp; 215 | 219167 |
| &nbsp;&nbsp;&nbsp; 4.85%, 10/11/29 | &nbsp;&nbsp;&nbsp; 100 | 102330 |
| &nbsp;&nbsp;&nbsp; 4.90%, 06/11/27 | &nbsp;&nbsp;&nbsp; 290 | 293802 |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/03/28 | &nbsp;&nbsp;&nbsp; 81 | 82332 |
| &nbsp;&nbsp;&nbsp; 4.95%, 07/14/28 | &nbsp;&nbsp;&nbsp; 495 | 506221 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| &nbsp;&nbsp;&nbsp; 5.15%, 09/08/26 | &nbsp;&nbsp;&nbsp; $100 | $100932 |
| &nbsp;&nbsp;&nbsp; Series I, 4.25%, 06/05/28 | &nbsp;&nbsp;&nbsp; 200 | 200316 |
| &nbsp;&nbsp;&nbsp; Series I, 4.55%, 06/05/30 | &nbsp;&nbsp;&nbsp; 200 | 201072 |
| Komatsu Finance America Inc., 5.50%, 10/06/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 50 | 50948 |
| &nbsp;&nbsp;&nbsp; Maxim Crane Works Holdings Capital LLC, 11.50%, <br> 09/01/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 168 | 178183 |
| Mueller Water Products Inc., 4.00%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 140 | 133802 |
| Nordson Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 12/15/29 | &nbsp;&nbsp;&nbsp; 150 | 149229 |
| &nbsp;&nbsp;&nbsp; 5.60%, 09/15/28 | &nbsp;&nbsp;&nbsp; 115 | 118290 |
| nVent Finance SARL, 4.55%, 04/15/28 | &nbsp;&nbsp;&nbsp; 210 | 208705 |
| Oshkosh Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.10%, 03/01/30 | &nbsp;&nbsp;&nbsp; 90 | 84048 |
| &nbsp;&nbsp;&nbsp; 4.60%, 05/15/28 | &nbsp;&nbsp;&nbsp; 30 | 30057 |
| Otis Worldwide Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.29%, 04/05/27 | &nbsp;&nbsp;&nbsp; 100 | 96612 |
| &nbsp;&nbsp;&nbsp; 2.57%, 02/15/30 | &nbsp;&nbsp;&nbsp; 450 | 413929 |
| &nbsp;&nbsp;&nbsp; 5.25%, 08/16/28 | &nbsp;&nbsp;&nbsp; 240 | 245457 |
| Regal Rexnord Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.05%, 04/15/28 | &nbsp;&nbsp;&nbsp; 395 | 406380 |
| &nbsp;&nbsp;&nbsp; 6.30%, 02/15/30 | &nbsp;&nbsp;&nbsp; 310 | 324617 |
| Rockwell Automation Inc., 3.50%, 03/01/29 | &nbsp;&nbsp;&nbsp; 120 | 116633 |
| SPX FLOW Inc., 8.75%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 155052 |
| Terex Corp., 5.00%, 05/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 170814 |
| TK Elevator U.S. Newco Inc., 5.25%, 07/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 475 | 473253 |
| Vertiv Group Corp., 4.13%, 11/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 267343 |
| Weir Group Inc., 5.35%, 05/06/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 253085 |
| Westinghouse Air Brake Technologies Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.45%, 11/15/26 | &nbsp;&nbsp;&nbsp; 306 | 301665 |
| &nbsp;&nbsp;&nbsp; 4.70%, 09/15/28 | &nbsp;&nbsp;&nbsp; 379 | 380985 |
| &nbsp;&nbsp;&nbsp; 4.90%, 05/29/30 | &nbsp;&nbsp;&nbsp; 150 | 151652 |
| Xylem Inc./New York |  |  |
| &nbsp;&nbsp;&nbsp; 1.95%, 01/30/28 | &nbsp;&nbsp;&nbsp; 150 | 141856 |
| &nbsp;&nbsp;&nbsp; 3.25%, 11/01/26 | &nbsp;&nbsp;&nbsp; 47 | 46271 |
|  |  | 18436493 |
| **Manufacturing — 0.2%** | **Manufacturing — 0.2%** | **Manufacturing — 0.2%** |
| 3M Co. |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 09/19/26 | &nbsp;&nbsp;&nbsp; 162 | 157997 |
| &nbsp;&nbsp;&nbsp; 2.38%, 08/26/29 | &nbsp;&nbsp;&nbsp; 295 | 272762 |
| &nbsp;&nbsp;&nbsp; 2.88%, 10/15/27 | &nbsp;&nbsp;&nbsp; 345 | 334923 |
| &nbsp;&nbsp;&nbsp; 3.05%, 04/15/30 | &nbsp;&nbsp;&nbsp; 190 | 178393 |
| &nbsp;&nbsp;&nbsp; 3.38%, 03/01/29 | &nbsp;&nbsp;&nbsp; 225 | 217421 |
| &nbsp;&nbsp;&nbsp; 3.63%, 09/14/28 | &nbsp;&nbsp;&nbsp; 140 | 137120 |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/15/30 | &nbsp;&nbsp;&nbsp; 175 | 176838 |
| Amsted Industries Inc., 4.63%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 114911 |
| Axon Enterprise Inc., 6.13%, 03/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 260 | 266029 |
| Calderys Financing LLC, 11.25%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 185086 |
| Carlisle Companies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 03/01/30 | &nbsp;&nbsp;&nbsp; 220 | 203018 |
| &nbsp;&nbsp;&nbsp; 3.75%, 12/01/27 | &nbsp;&nbsp;&nbsp; 250 | 245919 |
| Eaton Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.10%, 09/15/27 | &nbsp;&nbsp;&nbsp; 260 | 254221 |
| &nbsp;&nbsp;&nbsp; 4.35%, 05/18/28 | &nbsp;&nbsp;&nbsp; 120 | 120270 |
| Hillenbrand Inc., 6.25%, 02/15/29 | &nbsp;&nbsp;&nbsp; 145 | 146956 |
| Illinois Tool Works Inc., 2.65%, 11/15/26 | &nbsp;&nbsp;&nbsp; 183 | 179668 |
| LSB Industries Inc., 6.25%, 10/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 151 | 148522 |
| Maxam Prill Sarl, 7.75%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195711 |
| Parker-Hannifin Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 06/14/29 | &nbsp;&nbsp;&nbsp; 300 | 287655 |
| &nbsp;&nbsp;&nbsp; 4.25%, 09/15/27 | &nbsp;&nbsp;&nbsp; 505 | 504452 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/15/29 | &nbsp;&nbsp;&nbsp; 305 | 306177 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Manufacturing (continued)** | **Manufacturing (continued)** | **Manufacturing (continued)** |
| Pentair Finance SARL, 4.50%, 07/01/29 | &nbsp;&nbsp;&nbsp; $110 | $109496 |
| Siemens Financieringsmaatschappij NV |  |  |
| &nbsp;&nbsp;&nbsp; 1.70%, 03/11/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 328596 |
| &nbsp;&nbsp;&nbsp; 2.35%, 10/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 545 | 532692 |
| &nbsp;&nbsp;&nbsp; 3.40%, 03/16/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 405 | 399959 |
| &nbsp;&nbsp;&nbsp; 6.13%, 08/17/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 555 | 565084 |
| Siemens Funding BV |  |  |
| &nbsp;&nbsp;&nbsp; 4.35%, 05/26/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200563 |
| &nbsp;&nbsp;&nbsp; 4.60%, 05/28/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201815 |
| Teledyne Technologies Inc., 2.25%, 04/01/28 | &nbsp;&nbsp;&nbsp; 105 | 99444 |
| Textron Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 200 | 185419 |
| &nbsp;&nbsp;&nbsp; 3.38%, 03/01/28 | &nbsp;&nbsp;&nbsp; 75 | 72960 |
| &nbsp;&nbsp;&nbsp; 3.65%, 03/15/27 | &nbsp;&nbsp;&nbsp; 175 | 172410 |
| &nbsp;&nbsp;&nbsp; 3.90%, 09/17/29 | &nbsp;&nbsp;&nbsp; 105 | 102330 |
| Trinity Industries Inc., 7.75%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 152 | 158273 |
|  |  | 7763090 |
| **Media — 0.8%** | **Media — 0.8%** | **Media — 0.8%** |
| AMC Networks Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/29 | &nbsp;&nbsp;&nbsp; 7 | 5601 |
| &nbsp;&nbsp;&nbsp; 10.25%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 282590 |
| &nbsp;&nbsp;&nbsp; Beasley Mezzanine Holdings LLC, 9.20%, <br> 08/01/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 62 | 23877 |
| Belo Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 09/15/27 | &nbsp;&nbsp;&nbsp; 140 | 144314 |
| &nbsp;&nbsp;&nbsp; 7.75%, 06/01/27 | &nbsp;&nbsp;&nbsp; 113 | 117033 |
| Block Communications Inc., 4.88%, 03/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 94118 |
| CCO Holdings LLC/CCO Holdings Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 925 | 878665 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 750 | 736263 |
| &nbsp;&nbsp;&nbsp; 5.13%, 05/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 935 | 927311 |
| &nbsp;&nbsp;&nbsp; 5.38%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 435 | 427459 |
| &nbsp;&nbsp;&nbsp; 6.38%, 09/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 460 | 464108 |
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter <br> Communications Operating Capital<br>|  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 01/15/29 | &nbsp;&nbsp;&nbsp; 380 | 349034 |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/15/28 | &nbsp;&nbsp;&nbsp; 355 | 347134 |
| &nbsp;&nbsp;&nbsp; 4.20%, 03/15/28 | &nbsp;&nbsp;&nbsp; 442 | 437147 |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/30/29 | &nbsp;&nbsp;&nbsp; 370 | 372044 |
| &nbsp;&nbsp;&nbsp; 6.10%, 06/01/29 | &nbsp;&nbsp;&nbsp; 455 | 474406 |
| &nbsp;&nbsp;&nbsp; 6.15%, 11/10/26 | &nbsp;&nbsp;&nbsp; 405 | 410995 |
| Comcast Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.35%, 01/15/27 | &nbsp;&nbsp;&nbsp; 459 | 445893 |
| &nbsp;&nbsp;&nbsp; 2.65%, 02/01/30 | &nbsp;&nbsp;&nbsp; 480 | 444138 |
| &nbsp;&nbsp;&nbsp; 3.15%, 02/15/28 | &nbsp;&nbsp;&nbsp; 595 | 578494 |
| &nbsp;&nbsp;&nbsp; 3.30%, 02/01/27 | &nbsp;&nbsp;&nbsp; 421 | 414692 |
| &nbsp;&nbsp;&nbsp; 3.30%, 04/01/27 | &nbsp;&nbsp;&nbsp; 300 | 294997 |
| &nbsp;&nbsp;&nbsp; 3.40%, 04/01/30 | &nbsp;&nbsp;&nbsp; 500 | 477749 |
| &nbsp;&nbsp;&nbsp; 3.55%, 05/01/28 | &nbsp;&nbsp;&nbsp; 217 | 212523 |
| &nbsp;&nbsp;&nbsp; 4.15%, 10/15/28 | &nbsp;&nbsp;&nbsp; 1275 | 1267311 |
| &nbsp;&nbsp;&nbsp; 4.55%, 01/15/29 | &nbsp;&nbsp;&nbsp; 380 | 382501 |
| &nbsp;&nbsp;&nbsp; 5.10%, 06/01/29 | &nbsp;&nbsp;&nbsp; 295 | 302600 |
| &nbsp;&nbsp;&nbsp; 5.35%, 11/15/27 | &nbsp;&nbsp;&nbsp; 231 | 235986 |
| Cox Communications Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.35%, 09/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 450 | 443151 |
| &nbsp;&nbsp;&nbsp; 3.50%, 08/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 127 | 124027 |
| &nbsp;&nbsp;&nbsp; 5.45%, 09/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 285 | 291199 |
| CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 02/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 280602 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 405 | 392133 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 620 | 305201 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond 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; 6.50%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $605 | $478259 |
| &nbsp;&nbsp;&nbsp; 7.50%, 04/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 310 | 250813 |
| &nbsp;&nbsp;&nbsp; 11.25%, 05/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 306531 |
| &nbsp;&nbsp;&nbsp; 11.75%, 01/31/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 595 | 556497 |
| Directv Financing LLC, 8.88%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 219147 |
| &nbsp;&nbsp;&nbsp; Directv Financing LLC/Directv Financing <br> Co-Obligor Inc., 5.88%, 08/15/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1160 | 1152988 |
| Discovery Communications LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 05/15/30 | &nbsp;&nbsp;&nbsp; 200 | 177018 |
| &nbsp;&nbsp;&nbsp; 3.95%, 03/20/28 | &nbsp;&nbsp;&nbsp; 369 | 355158 |
| &nbsp;&nbsp;&nbsp; 4.13%, 05/15/29 | &nbsp;&nbsp;&nbsp; 225 | 209594 |
| DISH DBS Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 12/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 910 | 855920 |
| &nbsp;&nbsp;&nbsp; 5.75%, 12/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 745 | 664913 |
| &nbsp;&nbsp;&nbsp; 7.38%, 07/01/28 | &nbsp;&nbsp;&nbsp; 300 | 230206 |
| &nbsp;&nbsp;&nbsp; 7.75%, 07/01/26 | &nbsp;&nbsp;&nbsp; 570 | 506603 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/01/29 | &nbsp;&nbsp;&nbsp; 450 | 328232 |
| DISH Network Corp., 11.75%, 11/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1025 | 1067241 |
| EW Scripps Co. (The), 9.88%, 08/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 85 | 84473 |
| FactSet Research Systems Inc., 2.90%, 03/01/27 | &nbsp;&nbsp;&nbsp; 190 | 185537 |
| Fox Corp., 4.71%, 01/25/29 | &nbsp;&nbsp;&nbsp; 525 | 527677 |
| Gray Television Inc., 10.50%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 375 | 405829 |
| iHeartCommunications Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 10 | 8257 |
| &nbsp;&nbsp;&nbsp; 9.13%, 05/01/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 202 | 169559 |
| &nbsp;&nbsp;&nbsp; 10.88%, 05/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 216 | 108043 |
| LCPR Senior Secured Financing DAC |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 215 | 146118 |
| &nbsp;&nbsp;&nbsp; 6.75%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 390 | 299115 |
| Liberty Interactive LLC, 8.25%, 02/01/30 | &nbsp;&nbsp;&nbsp; 150 | 20193 |
| McGraw-Hill Education Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 08/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 265 | 264167 |
| &nbsp;&nbsp;&nbsp; 8.00%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203307 |
| News Corp., 3.88%, 05/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 320 | 305845 |
| Nexstar Media Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 11/01/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 330 | 320670 |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 510 | 509118 |
| Paramount Global |  |  |
| &nbsp;&nbsp;&nbsp; 2.90%, 01/15/27 | &nbsp;&nbsp;&nbsp; 94 | 91477 |
| &nbsp;&nbsp;&nbsp; 3.38%, 02/15/28 | &nbsp;&nbsp;&nbsp; 265 | 256130 |
| &nbsp;&nbsp;&nbsp; 3.70%, 06/01/28 | &nbsp;&nbsp;&nbsp; 84 | 81410 |
| &nbsp;&nbsp;&nbsp; 4.20%, 06/01/29 | &nbsp;&nbsp;&nbsp; 160 | 155726 |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/28/57<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 205 | 197422 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/30/62, (5-year CMT + 3.999%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 305 | 300653 |
| &nbsp;&nbsp;&nbsp; 7.88%, 07/30/30 | &nbsp;&nbsp;&nbsp; 100 | 111406 |
| &nbsp;&nbsp;&nbsp; Radiate Holdco LLC / Radiate Finance Inc., 9.25%, <br> 03/25/30<sup>(b)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 166 | 116204 |
| Scripps Escrow II Inc., 3.88%, 01/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 160 | 142066 |
| Scripps Escrow Inc., 5.88%, 07/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 135000 |
| Sinclair Television Group Inc., 5.50%, 03/01/30<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 180 | 148659 |
| Sirius XM Radio Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 09/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 307 | 300676 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 570 | 542950 |
| &nbsp;&nbsp;&nbsp; 4.13%, 07/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 425 | 387544 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 480 | 474718 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 380 | 375223 |
| TCI Communications Inc., 7.13%, 02/15/28 | &nbsp;&nbsp;&nbsp; 200 | 213090 |
| TEGNA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/15/28 | &nbsp;&nbsp;&nbsp; 270 | 263865 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/15/29 | &nbsp;&nbsp;&nbsp; 300 | 288378 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| &nbsp;&nbsp;&nbsp; Telecomunicaciones Digitales SA, 4.50%, <br> 01/30/30<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; $200 | $186849 |
| &nbsp;&nbsp;&nbsp; Telenet Finance Luxembourg Notes SARL, 5.50%, <br> 03/01/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 197186 |
| TWDC Enterprises 18 Corp., 2.95%, 06/15/27 | &nbsp;&nbsp;&nbsp; 290 | 284147 |
| Univision Communications Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 335 | 310044 |
| &nbsp;&nbsp;&nbsp; 7.38%, 06/30/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 265 | 263719 |
| &nbsp;&nbsp;&nbsp; 8.00%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 390 | 400760 |
| Urban One Inc., 7.38%, 02/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 106200 |
| Videotron Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 06/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 110 | 105105 |
| &nbsp;&nbsp;&nbsp; 5.13%, 04/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 270 | 269958 |
| Virgin Media Finance PLC, 5.00%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 247836 |
| &nbsp;&nbsp;&nbsp; Virgin Media Secured Finance PLC, 5.50%, <br> 05/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 420 | 410276 |
| &nbsp;&nbsp;&nbsp; Virgin Media Vendor Financing Notes IV DAC, <br> 5.00%, 07/15/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 165 | 159726 |
| Walt Disney Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 09/01/29 | &nbsp;&nbsp;&nbsp; 630 | 576429 |
| &nbsp;&nbsp;&nbsp; 2.20%, 01/13/28 | &nbsp;&nbsp;&nbsp; 275 | 262677 |
| &nbsp;&nbsp;&nbsp; 3.38%, 11/15/26 | &nbsp;&nbsp;&nbsp; 105 | 103880 |
| &nbsp;&nbsp;&nbsp; 3.70%, 03/23/27 | &nbsp;&nbsp;&nbsp; 265 | 263217 |
| &nbsp;&nbsp;&nbsp; 3.80%, 03/22/30 | &nbsp;&nbsp;&nbsp; 360 | 352167 |
| Ziggo Bond Co. BV, 5.13%, 02/28/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 130915 |
| Ziggo BV, 4.88%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 290 | 267642 |
|  |  | 33783654 |
| **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** | **Metal Fabricate & Hardware — 0.0%** |
| Advanced Drainage Systems Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/30/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 98954 |
| &nbsp;&nbsp;&nbsp; 6.38%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 152136 |
| Park-Ohio Industries Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/15/27 | &nbsp;&nbsp;&nbsp; 110 | 110020 |
| &nbsp;&nbsp;&nbsp; 8.50%, 08/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 85 | 81610 |
| &nbsp;&nbsp;&nbsp; Roller Bearing Co of America Inc., 4.38%, <br> 10/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 150 | 144416 |
| Timken Co. (The), 4.50%, 12/15/28 | &nbsp;&nbsp;&nbsp; 145 | 144759 |
|  |  | 731895 |
| **Mining — 0.3%** | **Mining — 0.3%** | **Mining — 0.3%** |
| Alcoa Nederland Holding BV |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 03/31/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 142889 |
| &nbsp;&nbsp;&nbsp; 6.13%, 05/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 155441 |
| Alumina Pty. Ltd., 6.13%, 03/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 151735 |
| Anglo American Capital PLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/16/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195074 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 303927 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/10/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 225383 |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/01/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 207651 |
| AngloGold Ashanti Holdings PLC, 3.38%, 11/01/28 | &nbsp;&nbsp;&nbsp; 200 | 191247 |
| BHP Billiton Finance USA Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/28/28 | &nbsp;&nbsp;&nbsp; 384 | 388140 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/21/30 | &nbsp;&nbsp;&nbsp; 295 | 301971 |
| &nbsp;&nbsp;&nbsp; 5.10%, 09/08/28 | &nbsp;&nbsp;&nbsp; 340 | 347577 |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/08/26 | &nbsp;&nbsp;&nbsp; 370 | 373474 |
| Chinalco Capital Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 02/24/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195264 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/14/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201512 |
| Coeur Mining Inc., 5.13%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 97099 |
| Compass Minerals International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 12/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 54 | 54131 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mining (continued)** | **Mining (continued)** | **Mining (continued)** |
| &nbsp;&nbsp;&nbsp; 8.00%, 07/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $190 | $196850 |
| Constellium SE, 3.75%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 140807 |
| Corp. Nacional del Cobre de Chile |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 09/30/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 371517 |
| &nbsp;&nbsp;&nbsp; 3.15%, 01/14/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 185977 |
| &nbsp;&nbsp;&nbsp; 3.63%, 08/01/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 587797 |
| Eldorado Gold Corp., 6.25%, 09/01/29 | &nbsp;&nbsp;&nbsp; 200 | 199982 |
| Endeavour Mining PLC, 7.00%, 05/28/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 406183 |
| First Quantum Minerals Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 10/15/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200457 |
| &nbsp;&nbsp;&nbsp; 9.38%, 03/01/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 424001 |
| Fortescue Treasury Pty. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 220893 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202524 |
| Freeport Indonesia PT, 4.76%, 04/14/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200118 |
| Freeport-McMoRan Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 03/01/28 | &nbsp;&nbsp;&nbsp; 245 | 241257 |
| &nbsp;&nbsp;&nbsp; 4.38%, 08/01/28 | &nbsp;&nbsp;&nbsp; 175 | 173303 |
| Glencore Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/27/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 95 | 93497 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/27/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 410 | 405800 |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/12/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 15 | 15131 |
| &nbsp;&nbsp;&nbsp; 4.91%, 04/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 55 | 55526 |
| &nbsp;&nbsp;&nbsp; 5.19%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 254135 |
| &nbsp;&nbsp;&nbsp; 5.34%, 04/04/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 177048 |
| &nbsp;&nbsp;&nbsp; 5.37%, 04/04/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 440 | 450591 |
| &nbsp;&nbsp;&nbsp; 5.40%, 05/08/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 375 | 382403 |
| &nbsp;&nbsp;&nbsp; 6.13%, 10/06/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 187707 |
| Hecla Mining Co., 7.25%, 02/15/28 | &nbsp;&nbsp;&nbsp; 165 | 166637 |
| Hudbay Minerals Inc., 6.13%, 04/01/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 175 | 175975 |
| &nbsp;&nbsp;&nbsp; Indonesia Asahan Aluminium PT/Mineral Industri <br> Indonesia Persero PT<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.45%, 05/15/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204791 |
| &nbsp;&nbsp;&nbsp; 6.53%, 11/15/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 212006 |
| Industrias Penoles SAB de CV, 4.15%, 09/12/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195142 |
| Ivanhoe Mines Ltd., 7.88%, 01/23/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201046 |
| &nbsp;&nbsp;&nbsp; JW Aluminum Continuous Cast Co., 10.25%, <br> 04/01/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 110 | 113716 |
| Kaiser Aluminum Corp., 4.63%, 03/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 166014 |
| Kinross Gold Corp., 4.50%, 07/15/27 | &nbsp;&nbsp;&nbsp; 125 | 124809 |
| &nbsp;&nbsp;&nbsp; Newcastle Coal Infrastructure Group Pty. Ltd., <br> 4.40%, 09/29/27<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 38 | 37355 |
| Newmont Corp., 2.80%, 10/01/29 | &nbsp;&nbsp;&nbsp; 245 | 230677 |
| &nbsp;&nbsp;&nbsp; Newmont Corp./Newcrest Finance Pty. Ltd., 3.25%, <br> 05/13/30<br>| &nbsp;&nbsp;&nbsp; 180 | 170674 |
| Novelis Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 11/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 265 | 260718 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/30/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 500 | 479034 |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/30/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 231688 |
| Perenti Finance Pty Ltd., 7.50%, 04/26/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 60 | 61874 |
| Rio Tinto Finance USA Ltd., 7.13%, 07/15/28 | &nbsp;&nbsp;&nbsp; 270 | 290809 |
| Rio Tinto Finance USA PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/12/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 115 | 115304 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/14/28 | &nbsp;&nbsp;&nbsp; 220 | 220927 |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/14/30 | &nbsp;&nbsp;&nbsp; 450 | 456755 |
| SDG Finance Ltd., 2.80%, 08/25/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194989 |
| Stillwater Mining Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/16/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196025 |
| &nbsp;&nbsp;&nbsp; 4.50%, 11/16/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 182900 |
| Taseko Mines Ltd., 8.25%, 05/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 156591 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mining (continued)** | **Mining (continued)** | **Mining (continued)** |
| &nbsp;&nbsp;&nbsp; Vedanta Resources Finance II PLC, 10.88%, <br> 09/17/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; $400 | $409643 |
| &nbsp;&nbsp;&nbsp; WE Soda Investments Holding PLC, 9.50%, <br> 10/06/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 209134 |
|  |  | 14771252 |
| **Multi-National — 0.1%** | **Multi-National — 0.1%** | **Multi-National — 0.1%** |
| Dexia SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/19/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 625 | 627350 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/24/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 255353 |
| ICDPS Sukuk Ltd., 4.95%, 02/14/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200827 |
| &nbsp;&nbsp;&nbsp; International Bank for Reconstruction & <br> Development, 4.50%, 06/26/28<br>| &nbsp;&nbsp;&nbsp; 25 | 25024 |
| &nbsp;&nbsp;&nbsp; International Development Association, 4.88%, <br> 11/01/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 870 | 893276 |
| Isdb Trust Services No. 2 SARL |  |  |
| &nbsp;&nbsp;&nbsp; 3.21%, 04/28/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196637 |
| &nbsp;&nbsp;&nbsp; 4.05%, 10/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 397963 |
| &nbsp;&nbsp;&nbsp; 4.60%, 03/14/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 2300 | 2327182 |
|  |  | 4923612 |
| **Office & Business Equipment — 0.0%** | **Office & Business Equipment — 0.0%** | **Office & Business Equipment — 0.0%** |
| CDW LLC/CDW Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.67%, 12/01/26 | &nbsp;&nbsp;&nbsp; 326 | 317414 |
| &nbsp;&nbsp;&nbsp; 3.25%, 02/15/29 | &nbsp;&nbsp;&nbsp; 250 | 237069 |
| &nbsp;&nbsp;&nbsp; 3.28%, 12/01/28 | &nbsp;&nbsp;&nbsp; 135 | 128925 |
| &nbsp;&nbsp;&nbsp; 4.25%, 04/01/28 | &nbsp;&nbsp;&nbsp; 290 | 287164 |
| &nbsp;&nbsp;&nbsp; 5.10%, 03/01/30 | &nbsp;&nbsp;&nbsp; 200 | 201266 |
| Pitney Bowes Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 03/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 120233 |
| &nbsp;&nbsp;&nbsp; 7.25%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 105 | 105399 |
| Xerox Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 235 | 155716 |
| &nbsp;&nbsp;&nbsp; 8.88%, 11/30/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 130 | 85490 |
|  |  | 1638676 |
| **Office Furnishings — 0.0%** | **Office Furnishings — 0.0%** | **Office Furnishings — 0.0%** |
| Interface Inc., 5.50%, 12/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 98680 |
| Steelcase Inc., 5.13%, 01/18/29 | &nbsp;&nbsp;&nbsp; 150 | 147993 |
|  |  | 246673 |
| **Oil & Gas — 1.4%** | **Oil & Gas — 1.4%** | **Oil & Gas — 1.4%** |
| Adnoc Murban Rsc Ltd., 4.25%, 09/11/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198682 |
| &nbsp;&nbsp;&nbsp; Aethon United BR LP/Aethon United Finance Corp., <br> 7.50%, 10/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 310 | 324708 |
| Aker BP ASA |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 237884 |
| &nbsp;&nbsp;&nbsp; 5.60%, 06/13/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 154117 |
| Antero Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 153980 |
| &nbsp;&nbsp;&nbsp; 7.63%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 193953 |
| APA Corp., 4.25%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 95638 |
| &nbsp;&nbsp;&nbsp; Ascent Resources Utica Holdings LLC/ARU Finance <br> Corp., 5.88%, 06/30/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 125 | 124642 |
| Azule Energy Finance PLC, 8.13%, 01/23/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 402944 |
| Bapco Energies BSC Closed, 8.38%, 11/07/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 212497 |
| Bapco Energies BSCC, 7.50%, 10/25/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205898 |
| Baytex Energy Corp., 8.50%, 04/30/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 254362 |
| &nbsp;&nbsp;&nbsp; Borr IHC Ltd./Borr Finance LLC, 10.00%, <br> 11/15/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 356 | 341227 |
| BP Capital Markets America Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.02%, 01/16/27 | &nbsp;&nbsp;&nbsp; 265 | 260351 |
| &nbsp;&nbsp;&nbsp; 3.54%, 04/06/27 | &nbsp;&nbsp;&nbsp; 175 | 172820 |
| &nbsp;&nbsp;&nbsp; 3.59%, 04/14/27 | &nbsp;&nbsp;&nbsp; 280 | 276831 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| &nbsp;&nbsp;&nbsp; 3.63%, 04/06/30 | &nbsp;&nbsp;&nbsp; $380 | $367714 |
| &nbsp;&nbsp;&nbsp; 3.94%, 09/21/28 | &nbsp;&nbsp;&nbsp; 170 | 167997 |
| &nbsp;&nbsp;&nbsp; 4.23%, 11/06/28 | &nbsp;&nbsp;&nbsp; 619 | 616922 |
| &nbsp;&nbsp;&nbsp; 4.70%, 04/10/29 | &nbsp;&nbsp;&nbsp; 380 | 384352 |
| &nbsp;&nbsp;&nbsp; 4.87%, 11/25/29 | &nbsp;&nbsp;&nbsp; 205 | 208689 |
| &nbsp;&nbsp;&nbsp; 4.97%, 10/17/29 | &nbsp;&nbsp;&nbsp; 235 | 239919 |
| &nbsp;&nbsp;&nbsp; 5.02%, 11/17/27 | &nbsp;&nbsp;&nbsp; 375 | 380564 |
| BP Capital Markets PLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.28%, 09/19/27 | &nbsp;&nbsp;&nbsp; 494 | 484333 |
| &nbsp;&nbsp;&nbsp; 3.72%, 11/28/28 | &nbsp;&nbsp;&nbsp; 265 | 259841 |
| &nbsp;&nbsp;&nbsp; BPRL International Singapore Pte Ltd., 4.38%, <br> 01/18/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 198836 |
| California Resources Corp., 8.25%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 265 | 272158 |
| &nbsp;&nbsp;&nbsp; Calumet Specialty Products Partners LP/Calumet <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 8.13%, 01/15/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 100 | 98963 |
| &nbsp;&nbsp;&nbsp; 9.75%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 95908 |
| Canacol Energy Ltd., 5.75%, 11/24/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 60660 |
| Canadian Natural Resources Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.85%, 06/01/27 | &nbsp;&nbsp;&nbsp; 457 | 451535 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 220 | 221456 |
| Cenovus Energy Inc., 4.25%, 04/15/27 | &nbsp;&nbsp;&nbsp; 240 | 238508 |
| Chevron Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 05/11/27 | &nbsp;&nbsp;&nbsp; 610 | 588259 |
| &nbsp;&nbsp;&nbsp; 2.24%, 05/11/30 | &nbsp;&nbsp;&nbsp; 450 | 409361 |
| Chevron USA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.02%, 08/12/27 | &nbsp;&nbsp;&nbsp; 195 | 183525 |
| &nbsp;&nbsp;&nbsp; 3.25%, 10/15/29 | &nbsp;&nbsp;&nbsp; 150 | 144316 |
| &nbsp;&nbsp;&nbsp; 3.85%, 01/15/28 | &nbsp;&nbsp;&nbsp; 46 | 45753 |
| &nbsp;&nbsp;&nbsp; 4.41%, 02/26/27 | &nbsp;&nbsp;&nbsp; 55 | 55228 |
| &nbsp;&nbsp;&nbsp; 4.48%, 02/26/28 | &nbsp;&nbsp;&nbsp; 365 | 367766 |
| &nbsp;&nbsp;&nbsp; 4.69%, 04/15/30 | &nbsp;&nbsp;&nbsp; 300 | 304362 |
| Civitas Resources Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 152 | 150380 |
| &nbsp;&nbsp;&nbsp; 8.38%, 07/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 415 | 427263 |
| CNOOC Finance 2013 Ltd., 2.88%, 09/30/29 | &nbsp;&nbsp;&nbsp; 200 | 189898 |
| CNOOC Finance 2015 USA LLC, 4.38%, 05/02/28 | &nbsp;&nbsp;&nbsp; 400 | 400323 |
| CNX Resources Corp., 6.00%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 149880 |
| Comstock Resources Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 290 | 273602 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 495 | 489930 |
| ConocoPhillips Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.70%, 01/15/30 | &nbsp;&nbsp;&nbsp; 380 | 384318 |
| &nbsp;&nbsp;&nbsp; 6.95%, 04/15/29 | &nbsp;&nbsp;&nbsp; 160 | 174351 |
| &nbsp;&nbsp;&nbsp; Constellation Oil Services Holding SA, 9.38%, <br> 11/07/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 204970 |
| Continental Resources Inc./OK |  |  |
| &nbsp;&nbsp;&nbsp; 2.27%, 11/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 327 | 316643 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/28 | &nbsp;&nbsp;&nbsp; 325 | 319834 |
| Cosan Luxembourg SA, 5.50%, 09/20/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195250 |
| Coterra Energy Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.90%, 05/15/27 | &nbsp;&nbsp;&nbsp; 77 | 76060 |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/15/29 | &nbsp;&nbsp;&nbsp; 110 | 108663 |
| CVR Energy Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 129700 |
| &nbsp;&nbsp;&nbsp; 8.50%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 176847 |
| Devon Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/15/30 | &nbsp;&nbsp;&nbsp; 190 | 188233 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/15/27 | &nbsp;&nbsp;&nbsp; 165 | 165339 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/15/28 | &nbsp;&nbsp;&nbsp; 50 | 50003 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| Diamondback Energy Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 12/01/26 | &nbsp;&nbsp;&nbsp; $306 | $301027 |
| &nbsp;&nbsp;&nbsp; 3.50%, 12/01/29 | &nbsp;&nbsp;&nbsp; 305 | 291131 |
| &nbsp;&nbsp;&nbsp; 5.15%, 01/30/30 | &nbsp;&nbsp;&nbsp; 250 | 254579 |
| &nbsp;&nbsp;&nbsp; 5.20%, 04/18/27 | &nbsp;&nbsp;&nbsp; 260 | 262733 |
| Ecopetrol SA |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/29/30 | &nbsp;&nbsp;&nbsp; 600 | 600273 |
| &nbsp;&nbsp;&nbsp; 8.63%, 01/19/29 | &nbsp;&nbsp;&nbsp; 400 | 429311 |
| Empresa Nacional del Petroleo, 5.25%, 11/06/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201644 |
| &nbsp;&nbsp;&nbsp; Encino Acquisition Partners Holdings LLC, 8.50%, <br> 05/01/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 250 | 255313 |
| Energian Israel Finance Ltd., 5.38%, 03/30/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 192248 |
| Eni SpA |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/09/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 345 | 343233 |
| &nbsp;&nbsp;&nbsp; Series X-R, 4.75%, 09/12/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 251534 |
| EnQuest PLC, 11.63%, 11/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 102534 |
| EOG Resources Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/15/30 | &nbsp;&nbsp;&nbsp; 230 | 229008 |
| &nbsp;&nbsp;&nbsp; 4.40%, 07/15/28 | &nbsp;&nbsp;&nbsp; 255 | 255722 |
| EQT Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.90%, 10/01/27 | &nbsp;&nbsp;&nbsp; 470 | 463395 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 232 | 229322 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/29 | &nbsp;&nbsp;&nbsp; 110 | 110671 |
| &nbsp;&nbsp;&nbsp; 5.70%, 04/01/28 | &nbsp;&nbsp;&nbsp; 155 | 159414 |
| &nbsp;&nbsp;&nbsp; 6.38%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 175134 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/01/30 | &nbsp;&nbsp;&nbsp; 150 | 162115 |
| &nbsp;&nbsp;&nbsp; 7.50%, 06/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 152646 |
| &nbsp;&nbsp;&nbsp; 7.50%, 06/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 164332 |
| Equinor ASA |  |  |
| &nbsp;&nbsp;&nbsp; 2.38%, 05/22/30 | &nbsp;&nbsp;&nbsp; 210 | 192163 |
| &nbsp;&nbsp;&nbsp; 3.00%, 04/06/27 | &nbsp;&nbsp;&nbsp; 290 | 284533 |
| &nbsp;&nbsp;&nbsp; 3.13%, 04/06/30 | &nbsp;&nbsp;&nbsp; 500 | 473547 |
| &nbsp;&nbsp;&nbsp; 3.63%, 09/10/28 | &nbsp;&nbsp;&nbsp; 830 | 814889 |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/02/28 | &nbsp;&nbsp;&nbsp; 105 | 105094 |
| &nbsp;&nbsp;&nbsp; 6.50%, 12/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 215 | 229571 |
| &nbsp;&nbsp;&nbsp; 7.25%, 09/23/27 | &nbsp;&nbsp;&nbsp; 200 | 211605 |
| Expand Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 02/01/29 | &nbsp;&nbsp;&nbsp; 280 | 280354 |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/15/30 | &nbsp;&nbsp;&nbsp; 345 | 345545 |
| &nbsp;&nbsp;&nbsp; 5.88%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 230708 |
| &nbsp;&nbsp;&nbsp; 6.75%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 353090 |
| Exxon Mobil Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.28%, 08/16/26 | &nbsp;&nbsp;&nbsp; 217 | 212877 |
| &nbsp;&nbsp;&nbsp; 2.44%, 08/16/29 | &nbsp;&nbsp;&nbsp; 405 | 380548 |
| &nbsp;&nbsp;&nbsp; 3.29%, 03/19/27 | &nbsp;&nbsp;&nbsp; 446 | 440690 |
| &nbsp;&nbsp;&nbsp; 3.48%, 03/19/30 | &nbsp;&nbsp;&nbsp; 555 | 536454 |
| Geopark Ltd., 8.75%, 01/31/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 347200 |
| Global Marine Inc., 7.00%, 06/01/28 | &nbsp;&nbsp;&nbsp; 90 | 83835 |
| Gran Tierra Energy Inc., 9.50%, 10/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 166930 |
| Greenfire Resources Ltd., 12.00%, 10/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 69 | 72621 |
| GS Caltex Corp., 5.38%, 08/07/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203671 |
| &nbsp;&nbsp;&nbsp; Gulfport Energy Operating Corp., 6.75%, <br> 09/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 175 | 178053 |
| Helmerich & Payne Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 12/01/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 105 | 103900 |
| &nbsp;&nbsp;&nbsp; 4.85%, 12/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 110 | 106281 |
| Hess Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.30%, 04/01/27 | &nbsp;&nbsp;&nbsp; 392 | 391724 |
| &nbsp;&nbsp;&nbsp; 7.88%, 10/01/29 | &nbsp;&nbsp;&nbsp; 16 | 18094 |
| HF Sinclair Corp., 5.00%, 02/01/28 | &nbsp;&nbsp;&nbsp; 120 | 119790 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| Hilcorp Energy I LP/Hilcorp Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $200 | $196105 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 147580 |
| &nbsp;&nbsp;&nbsp; 6.25%, 11/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200903 |
| Hindustan Petroleum Corp. Ltd., 4.00%, 07/12/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197143 |
| Ithaca Energy North Sea PLC, 8.13%, 10/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206801 |
| &nbsp;&nbsp;&nbsp; KazMunayGas National Co. JSC, 5.38%, <br> 04/24/30<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 404151 |
| Kimmeridge Texas Gas LLC, 8.50%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 154113 |
| Kraken Oil & Gas Partners LLC, 7.63%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 140 | 137155 |
| Leviathan Bond Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/30/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198829 |
| &nbsp;&nbsp;&nbsp; 6.75%, 06/30/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197517 |
| Marathon Petroleum Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.80%, 04/01/28 | &nbsp;&nbsp;&nbsp; 255 | 250548 |
| &nbsp;&nbsp;&nbsp; 5.13%, 12/15/26 | &nbsp;&nbsp;&nbsp; 100 | 100637 |
| &nbsp;&nbsp;&nbsp; 5.15%, 03/01/30 | &nbsp;&nbsp;&nbsp; 315 | 320925 |
| Matador Resources Co., 6.88%, 04/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 177812 |
| Medco Maple Tree Pte Ltd., 8.96%, 04/27/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 250 | 261661 |
| MEG Energy Corp., 5.88%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200051 |
| Nabors Industries Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.38%, 05/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 242171 |
| &nbsp;&nbsp;&nbsp; 9.13%, 01/31/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 195 | 193169 |
| Nabors Industries Ltd., 7.50%, 01/15/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 110 | 101526 |
| &nbsp;&nbsp;&nbsp; NAK Naftogaz Ukraine via Kondor Finance PLC, <br> 7.63%, 11/08/28<sup>(d)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 234 | 182390 |
| Noble Finance II LLC, 8.00%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 435 | 442549 |
| Nogaholding Sukuk Ltd., 5.25%, 04/08/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196828 |
| Northern Oil & Gas Inc., 8.13%, 03/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 223 | 225270 |
| Occidental Petroleum Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/27 | &nbsp;&nbsp;&nbsp; 295 | 296569 |
| &nbsp;&nbsp;&nbsp; 5.20%, 08/01/29 | &nbsp;&nbsp;&nbsp; 390 | 391098 |
| &nbsp;&nbsp;&nbsp; 6.38%, 09/01/28 | &nbsp;&nbsp;&nbsp; 100 | 103621 |
| &nbsp;&nbsp;&nbsp; 8.50%, 07/15/27 | &nbsp;&nbsp;&nbsp; 195 | 204966 |
| &nbsp;&nbsp;&nbsp; 8.88%, 07/15/30 | &nbsp;&nbsp;&nbsp; 250 | 285373 |
| Oil & Natural Gas Corp. Ltd., 3.38%, 12/05/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 189371 |
| Oil India International Pte Ltd., 4.00%, 04/21/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197423 |
| Oil India Ltd., 5.13%, 02/04/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202341 |
| OQ SAOC, 5.13%, 05/06/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200646 |
| Ovintiv Inc., 5.65%, 05/15/28 | &nbsp;&nbsp;&nbsp; 265 | 271576 |
| Parkland Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 231098 |
| &nbsp;&nbsp;&nbsp; 4.63%, 05/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 230141 |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 175177 |
| Patterson-UTI Energy Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 02/01/28 | &nbsp;&nbsp;&nbsp; 190 | 183897 |
| &nbsp;&nbsp;&nbsp; 5.15%, 11/15/29 | &nbsp;&nbsp;&nbsp; 60 | 59343 |
| PBF Holding Co. LLC/PBF Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/15/28 | &nbsp;&nbsp;&nbsp; 279 | 268575 |
| &nbsp;&nbsp;&nbsp; 9.88%, 03/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198211 |
| Permian Resources Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 07/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 225016 |
| &nbsp;&nbsp;&nbsp; 8.00%, 04/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 194202 |
| Pertamina Hulu Energi PT, 5.25%, 05/21/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202712 |
| Pertamina Persero PT |  |  |
| &nbsp;&nbsp;&nbsp; 3.10%, 01/21/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 186836 |
| &nbsp;&nbsp;&nbsp; 3.65%, 07/30/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 192640 |
| Petrobras Global Finance BV, 6.00%, 01/27/28 | &nbsp;&nbsp;&nbsp; 500 | 510023 |
| Petroleos Mexicanos |  |  |
| &nbsp;&nbsp;&nbsp; 5.35%, 02/12/28 | &nbsp;&nbsp;&nbsp; 600 | 585482 |
| &nbsp;&nbsp;&nbsp; 6.49%, 01/23/27 | &nbsp;&nbsp;&nbsp; 470 | 470186 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/13/27 | &nbsp;&nbsp;&nbsp; $1190 | $1189153 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/23/29 | &nbsp;&nbsp;&nbsp; 400 | 398362 |
| &nbsp;&nbsp;&nbsp; 6.84%, 01/23/30 | &nbsp;&nbsp;&nbsp; 700 | 688968 |
| &nbsp;&nbsp;&nbsp; 6.88%, 08/04/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 750 | 753390 |
| &nbsp;&nbsp;&nbsp; 8.75%, 06/02/29 | &nbsp;&nbsp;&nbsp; 500 | 527255 |
| Petronas Capital Ltd., 3.50%, 04/21/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 575959 |
| Petronas Energy Canada Ltd., 2.11%, 03/23/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 188749 |
| Phillips 66, 3.90%, 03/15/28 | &nbsp;&nbsp;&nbsp; 335 | 330508 |
| Phillips 66 Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.15%, 12/15/29 | &nbsp;&nbsp;&nbsp; 150 | 141801 |
| &nbsp;&nbsp;&nbsp; 3.55%, 10/01/26 | &nbsp;&nbsp;&nbsp; 148 | 146487 |
| &nbsp;&nbsp;&nbsp; 3.75%, 03/01/28 | &nbsp;&nbsp;&nbsp; 75 | 73684 |
| &nbsp;&nbsp;&nbsp; 4.95%, 12/01/27 | &nbsp;&nbsp;&nbsp; 250 | 252630 |
| Precision Drilling Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 129850 |
| &nbsp;&nbsp;&nbsp; 7.13%, 01/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 35 | 35000 |
| &nbsp;&nbsp;&nbsp; PTTEP Treasury Center Co. Ltd., 2.59%, <br> 06/10/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 192592 |
| &nbsp;&nbsp;&nbsp; Puma International Financing SA, 7.75%, <br> 04/25/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 206642 |
| Qatar Energy, 1.38%, 09/12/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 579445 |
| QatarEnergy LNG S3 |  |  |
| &nbsp;&nbsp;&nbsp; 5.84%, 09/30/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 117 | 119272 |
| &nbsp;&nbsp;&nbsp; 6.33%, 09/30/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 95 | 96700 |
| Range Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 150678 |
| &nbsp;&nbsp;&nbsp; 8.25%, 01/15/29 | &nbsp;&nbsp;&nbsp; 200 | 205286 |
| Reliance Industries Ltd., 3.67%, 11/30/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 250 | 244790 |
| SA Global Sukuk Ltd., 4.25%, 10/02/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 591627 |
| Santos Finance Ltd., 5.25%, 03/13/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 300 | 301822 |
| Saturn Oil & Gas Inc., 9.63%, 06/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 176 | 174252 |
| Saudi Arabian Oil Co., 3.50%, 04/16/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 800 | 772520 |
| SEPLAT Energy PLC, 9.13%, 03/21/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205688 |
| Shelf Drilling Holdings Ltd., 9.63%, 04/15/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; 387 | 331168 |
| Shell Finance U.S. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.38%, 11/07/29 | &nbsp;&nbsp;&nbsp; 300 | 277628 |
| &nbsp;&nbsp;&nbsp; 2.75%, 04/06/30 | &nbsp;&nbsp;&nbsp; 430 | 400771 |
| Shell International Finance BV |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 09/12/26 | &nbsp;&nbsp;&nbsp; 290 | 284581 |
| &nbsp;&nbsp;&nbsp; 2.75%, 04/06/30 | &nbsp;&nbsp;&nbsp; 150 | 139940 |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/13/28 | &nbsp;&nbsp;&nbsp; 470 | 465846 |
| SierraCol Energy Andina LLC, 6.00%, 06/15/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 187397 |
| &nbsp;&nbsp;&nbsp; Sinopec Group Overseas Development 2016 Ltd., <br> 2.75%, 09/29/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 600 | 588895 |
| Sinopec Group Overseas Development 2018 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.70%, 05/13/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 187565 |
| &nbsp;&nbsp;&nbsp; 2.95%, 11/12/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 381322 |
| &nbsp;&nbsp;&nbsp; 4.25%, 09/12/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 600787 |
| &nbsp;&nbsp;&nbsp; Sitio Royalties Operating Partnership LP/Sitio <br> Finance Corp., 7.88%, 11/01/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 208675 |
| SM Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/15/28 | &nbsp;&nbsp;&nbsp; 120 | 120720 |
| &nbsp;&nbsp;&nbsp; 6.63%, 01/15/27 | &nbsp;&nbsp;&nbsp; 235 | 234812 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/15/26 | &nbsp;&nbsp;&nbsp; 140 | 140333 |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 220 | 220172 |
| Strathcona Resources Ltd., 6.88%, 08/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 175256 |
| Sunoco LP, 7.00%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 218074 |
| Sunoco LP/Sunoco Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/15/29 | &nbsp;&nbsp;&nbsp; 250 | 241865 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/30/30 | &nbsp;&nbsp;&nbsp; 225 | 215565 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/28 | &nbsp;&nbsp;&nbsp; 150 | 150035 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas (continued)** | **Oil & Gas (continued)** | **Oil & Gas (continued)** |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/27 | &nbsp;&nbsp;&nbsp; $185 | $184894 |
| &nbsp;&nbsp;&nbsp; 7.00%, 09/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 175182 |
| Talos Production Inc., 9.00%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 195 | 199987 |
| &nbsp;&nbsp;&nbsp; Tengizchevroil Finance Co. International Ltd., <br> 4.00%, 08/15/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 395540 |
| &nbsp;&nbsp;&nbsp; TGNR Intermediate Holdings LLC, 5.50%, <br> 10/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 194910 |
| TotalEnergies Capital International SA |  |  |
| &nbsp;&nbsp;&nbsp; 2.83%, 01/10/30 | &nbsp;&nbsp;&nbsp; 370 | 349507 |
| &nbsp;&nbsp;&nbsp; 3.46%, 02/19/29 | &nbsp;&nbsp;&nbsp; 405 | 395240 |
| TotalEnergies Capital SA, 3.88%, 10/11/28 | &nbsp;&nbsp;&nbsp; 320 | 317150 |
| Transocean Aquila Ltd., 8.00%, 09/30/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 90 | 91017 |
| Transocean Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 02/01/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 171 | 169696 |
| &nbsp;&nbsp;&nbsp; 8.25%, 05/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 270 | 255128 |
| &nbsp;&nbsp;&nbsp; 8.75%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 280 | 290197 |
| Transocean Poseidon Ltd., 6.88%, 02/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 92 | 91884 |
| Transocean Titan Financing Ltd., 8.38%, 02/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 158 | 162344 |
| Trident Energy Finance PLC, 12.50%, 11/30/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205544 |
| Valaris Ltd., 8.38%, 04/30/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 340 | 350914 |
| Valero Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.15%, 09/15/27 | &nbsp;&nbsp;&nbsp; 155 | 147603 |
| &nbsp;&nbsp;&nbsp; 3.40%, 09/15/26 | &nbsp;&nbsp;&nbsp; 60 | 59224 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/01/29 | &nbsp;&nbsp;&nbsp; 105 | 103013 |
| &nbsp;&nbsp;&nbsp; 4.35%, 06/01/28 | &nbsp;&nbsp;&nbsp; 165 | 164555 |
| &nbsp;&nbsp;&nbsp; 5.15%, 02/15/30 | &nbsp;&nbsp;&nbsp; 165 | 167974 |
| Var Energi ASA |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/18/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200814 |
| &nbsp;&nbsp;&nbsp; 5.88%, 05/22/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205816 |
| &nbsp;&nbsp;&nbsp; 7.50%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 320 | 338546 |
| Vermilion Energy Inc., 6.88%, 05/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 116412 |
| Viper Energy Inc., 5.38%, 11/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 150071 |
| Viper Energy Partners LLC, 4.90%, 08/01/30 | &nbsp;&nbsp;&nbsp; 60 | 59800 |
| Vital Energy Inc., 7.75%, 07/31/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 30 | 27304 |
| W&T Offshore Inc., 10.75%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 105219 |
| &nbsp;&nbsp;&nbsp; Wildfire Intermediate Holdings LLC, 7.50%, <br> 10/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 190 | 189182 |
| Woodside Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 09/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 320 | 316268 |
| &nbsp;&nbsp;&nbsp; 3.70%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 195 | 189893 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/04/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 565 | 557126 |
| &nbsp;&nbsp;&nbsp; 5.40%, 05/19/30 | &nbsp;&nbsp;&nbsp; 370 | 375311 |
| YPF SA, 6.95%, 07/21/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 201 | 200855 |
|  |  | 61241026 |
| **Oil & Gas Services — 0.1%** | **Oil & Gas Services — 0.1%** | **Oil & Gas Services — 0.1%** |
| &nbsp;&nbsp;&nbsp; Archrock Partners LP/Archrock Partners <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 270 | 270880 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 96 | 96049 |
| Aris Water Holdings LLC, 7.25%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 159057 |
| &nbsp;&nbsp;&nbsp; Baker Hughes Holdings LLC/Baker Hughes <br> Co-Obligor Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 2.06%, 12/15/26 | &nbsp;&nbsp;&nbsp; 275 | 266241 |
| &nbsp;&nbsp;&nbsp; 3.14%, 11/07/29 | &nbsp;&nbsp;&nbsp; 105 | 100290 |
| &nbsp;&nbsp;&nbsp; 3.34%, 12/15/27 | &nbsp;&nbsp;&nbsp; 490 | 478670 |
| &nbsp;&nbsp;&nbsp; 4.49%, 05/01/30 | &nbsp;&nbsp;&nbsp; 150 | 149978 |
| Bristow Group Inc., 6.88%, 03/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 135395 |
| Enerflex Ltd., 9.00%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 194 | 199824 |
| Halliburton Co., 2.92%, 03/01/30 | &nbsp;&nbsp;&nbsp; 250 | 232437 |
| &nbsp;&nbsp;&nbsp; Helix Energy Solutions Group Inc., 9.75%, <br> 03/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 105 | 109598 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Oil & Gas Services (continued)** | **Oil & Gas Services (continued)** | **Oil & Gas Services (continued)** |
| Kodiak Gas Services LLC, 7.25%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $260 | $266672 |
| NOV Inc., 3.60%, 12/01/29 | &nbsp;&nbsp;&nbsp; 155 | 148549 |
| Oceaneering International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/28 | &nbsp;&nbsp;&nbsp; 100 | 100715 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 65 | 65069 |
| Schlumberger Holdings Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.65%, 06/26/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 183674 |
| &nbsp;&nbsp;&nbsp; 3.90%, 05/17/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 90 | 88979 |
| &nbsp;&nbsp;&nbsp; 4.30%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 209113 |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 535 | 535742 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/29/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 181819 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 102040 |
| TGS ASA, 8.50%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204386 |
| Tidewater Inc., 9.13%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 195 | 204462 |
| &nbsp;&nbsp;&nbsp; USA Compression Partners LP/USA Compression <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 09/01/27 | &nbsp;&nbsp;&nbsp; 230 | 229954 |
| &nbsp;&nbsp;&nbsp; 7.13%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 311805 |
| Weatherford International Ltd., 8.63%, 04/30/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 500 | 513771 |
| Welltec International ApS, 8.25%, 10/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 70 | 69983 |
|  |  | 5615152 |
| **Packaging & Containers — 0.3%** | **Packaging & Containers — 0.3%** | **Packaging & Containers — 0.3%** |
| Amcor Finance USA Inc., 4.50%, 05/15/28 | &nbsp;&nbsp;&nbsp; 105 | 104807 |
| Amcor Flexibles North America Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/17/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 270 | 271467 |
| &nbsp;&nbsp;&nbsp; 5.10%, 03/17/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 220 | 223046 |
| Amcor Group Finance PLC, 5.45%, 05/23/29 | &nbsp;&nbsp;&nbsp; 182 | 187203 |
| ARD Finance SA, 6.50%, 06/30/27, (6.50% PIK)<sup>(b)(f)</sup> | &nbsp;&nbsp;&nbsp; 311 | 22726 |
| &nbsp;&nbsp;&nbsp; Ardagh Metal Packaging Finance USA LLC/Ardagh <br> Metal Packaging Finance PLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 09/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 188557 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 273191 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200202 |
| &nbsp;&nbsp;&nbsp; Ardagh Packaging Finance PLC/Ardagh Holdings <br> USA Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 375 | 370372 |
| &nbsp;&nbsp;&nbsp; 5.25%, 08/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 570 | 282837 |
| Ball Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/15/29 | &nbsp;&nbsp;&nbsp; 300 | 305361 |
| &nbsp;&nbsp;&nbsp; 6.88%, 03/15/28 | &nbsp;&nbsp;&nbsp; 250 | 255252 |
| Berry Global Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.65%, 01/15/27 | &nbsp;&nbsp;&nbsp; 201 | 192808 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/15/28 | &nbsp;&nbsp;&nbsp; 150 | 153539 |
| Canpack SA/Canpack U.S. LLC, 3.88%, 11/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 186888 |
| &nbsp;&nbsp;&nbsp; Cascades Inc./Cascades USA Inc., 5.38%, <br> 01/15/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 145 | 141775 |
| &nbsp;&nbsp;&nbsp; Cascades Inc/Cascades USA Inc., 6.75%, <br> 07/15/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 115 | 114849 |
| CCL Industries Inc., 3.05%, 06/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 184877 |
| Clearwater Paper Corp., 4.75%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 80 | 75444 |
| Clydesdale Acquisition Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 151765 |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 153417 |
| &nbsp;&nbsp;&nbsp; 8.75%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 357011 |
| Crown Americas LLC, 5.25%, 04/01/30 | &nbsp;&nbsp;&nbsp; 150 | 151470 |
| &nbsp;&nbsp;&nbsp; Crown Americas LLC/Crown Americas Capital Corp. <br> V, 4.25%, 09/30/26<br>| &nbsp;&nbsp;&nbsp; 155 | 153259 |
| Crown Cork & Seal Co. Inc., 7.38%, 12/15/26 | &nbsp;&nbsp;&nbsp; 111 | 114360 |
| Graham Packaging Co. Inc., 7.13%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 169492 |
| Graphic Packaging International LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 138664 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Packaging & Containers (continued)** | **Packaging & Containers (continued)** | **Packaging & Containers (continued)** |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $100 | $93972 |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 116794 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 105 | 103390 |
| Iris Holdings Inc., 10.00%, 12/15/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 125 | 116222 |
| Klabin Austria GmbH, 5.75%, 04/03/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202067 |
| LABL Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 132064 |
| &nbsp;&nbsp;&nbsp; 8.25%, 11/01/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 140 | 110889 |
| &nbsp;&nbsp;&nbsp; 9.50%, 11/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 90 | 83281 |
| &nbsp;&nbsp;&nbsp; 10.50%, 07/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 185 | 174404 |
| Mauser Packaging Solutions Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 04/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 910 | 919748 |
| &nbsp;&nbsp;&nbsp; 9.25%, 04/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 395670 |
| OI European Group BV, 4.75%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 118424 |
| &nbsp;&nbsp;&nbsp; Owens-Brockway Glass Container Inc., 6.63%, <br> 05/13/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200167 |
| Packaging Corp. of America |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 12/15/29 | &nbsp;&nbsp;&nbsp; 140 | 131945 |
| &nbsp;&nbsp;&nbsp; 3.40%, 12/15/27 | &nbsp;&nbsp;&nbsp; 155 | 151245 |
| Sealed Air Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.57%, 10/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 234 | 224644 |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 132 | 128181 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 128103 |
| &nbsp;&nbsp;&nbsp; Sealed Air Corp./Sealed Air Corp. U.S., 6.13%, <br> 02/01/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 290 | 292777 |
| Silgan Holdings Inc., 4.13%, 02/01/28 | &nbsp;&nbsp;&nbsp; 190 | 184541 |
| Smurfit Kappa Treasury ULC, 5.20%, 01/15/30 | &nbsp;&nbsp;&nbsp; 200 | 205021 |
| Sonoco Products Co. |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 02/01/27 | &nbsp;&nbsp;&nbsp; 195 | 188117 |
| &nbsp;&nbsp;&nbsp; 3.13%, 05/01/30 | &nbsp;&nbsp;&nbsp; 150 | 139498 |
| &nbsp;&nbsp;&nbsp; 4.45%, 09/01/26 | &nbsp;&nbsp;&nbsp; 90 | 89824 |
| &nbsp;&nbsp;&nbsp; 4.60%, 09/01/29 | &nbsp;&nbsp;&nbsp; 160 | 159187 |
| &nbsp;&nbsp;&nbsp; Toucan FinCo Ltd/Toucan FinCo Can Inc/Toucan <br> FinCo U.S. LLC, 9.50%, 05/15/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 225 | 230206 |
| Trident TPI Holdings Inc., 12.75%, 12/31/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 213846 |
| TriMas Corp., 4.13%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 119924 |
| Trivium Packaging Finance BV, 8.25%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 210714 |
| WestRock MWV LLC, 8.20%, 01/15/30 | &nbsp;&nbsp;&nbsp; 135 | 154413 |
| WRKCo Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 09/15/27 | &nbsp;&nbsp;&nbsp; 105 | 102772 |
| &nbsp;&nbsp;&nbsp; 3.90%, 06/01/28 | &nbsp;&nbsp;&nbsp; 300 | 295473 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/15/28 | &nbsp;&nbsp;&nbsp; 170 | 167920 |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/15/29 | &nbsp;&nbsp;&nbsp; 210 | 212691 |
|  |  | 11622773 |
| **Pharmaceuticals — 1.0%** | **Pharmaceuticals — 1.0%** | **Pharmaceuticals — 1.0%** |
| 180 Medical Inc., 3.88%, 10/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 94690 |
| AbbVie Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 11/21/26 | &nbsp;&nbsp;&nbsp; 1202 | 1180959 |
| &nbsp;&nbsp;&nbsp; 3.20%, 11/21/29 | &nbsp;&nbsp;&nbsp; 1610 | 1535158 |
| &nbsp;&nbsp;&nbsp; 4.25%, 11/14/28 | &nbsp;&nbsp;&nbsp; 565 | 565344 |
| &nbsp;&nbsp;&nbsp; 4.65%, 03/15/28 | &nbsp;&nbsp;&nbsp; 375 | 378351 |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/15/27 | &nbsp;&nbsp;&nbsp; 750 | 755043 |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/15/29 | &nbsp;&nbsp;&nbsp; 785 | 797334 |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/15/30 | &nbsp;&nbsp;&nbsp; 480 | 489714 |
| AdaptHealth LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 145270 |
| &nbsp;&nbsp;&nbsp; 5.13%, 03/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 164510 |
| &nbsp;&nbsp;&nbsp; 6.13%, 08/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 134451 |
| Astrazeneca Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 05/28/28 | &nbsp;&nbsp;&nbsp; 445 | 416559 |
| &nbsp;&nbsp;&nbsp; 4.80%, 02/26/27 | &nbsp;&nbsp;&nbsp; 335 | 337794 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| &nbsp;&nbsp;&nbsp; 4.85%, 02/26/29 | &nbsp;&nbsp;&nbsp; $360 | $366577 |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/03/28 | &nbsp;&nbsp;&nbsp; 400 | 406447 |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/03/30 | &nbsp;&nbsp;&nbsp; 200 | 204443 |
| AstraZeneca PLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 06/12/27 | &nbsp;&nbsp;&nbsp; 100 | 98094 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/17/29 | &nbsp;&nbsp;&nbsp; 305 | 302073 |
| Bausch Health Americas Inc., 8.50%, 01/31/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 203193 |
| Bausch Health Companies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 440 | 389169 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/30/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 113063 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 88991 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/30/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 128222 |
| &nbsp;&nbsp;&nbsp; 6.25%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 245 | 177380 |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/15/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 60 | 52403 |
| &nbsp;&nbsp;&nbsp; 7.25%, 05/30/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 73704 |
| &nbsp;&nbsp;&nbsp; 11.00%, 09/30/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 670 | 688363 |
| Bayer Corp./New Jersey, 6.65%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 140 | 145794 |
| Bayer U.S. Finance II LLC, 4.38%, 12/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1060 | 1047560 |
| Bayer U.S. Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 11/21/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 220 | 223369 |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/21/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 310 | 324765 |
| Becton Dickinson & Co. |  |  |
| &nbsp;&nbsp;&nbsp; 2.82%, 05/20/30 | &nbsp;&nbsp;&nbsp; 200 | 184704 |
| &nbsp;&nbsp;&nbsp; 3.70%, 06/06/27 | &nbsp;&nbsp;&nbsp; 597 | 589828 |
| &nbsp;&nbsp;&nbsp; 4.69%, 02/13/28 | &nbsp;&nbsp;&nbsp; 300 | 302376 |
| &nbsp;&nbsp;&nbsp; 4.87%, 02/08/29 | &nbsp;&nbsp;&nbsp; 130 | 131545 |
| &nbsp;&nbsp;&nbsp; 5.08%, 06/07/29 | &nbsp;&nbsp;&nbsp; 240 | 244401 |
| BellRing Brands Inc., 7.00%, 03/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 103738 |
| Bristol-Myers Squibb Co. |  |  |
| &nbsp;&nbsp;&nbsp; 1.13%, 11/13/27 | &nbsp;&nbsp;&nbsp; 405 | 378897 |
| &nbsp;&nbsp;&nbsp; 3.25%, 02/27/27 | &nbsp;&nbsp;&nbsp; 40 | 39435 |
| &nbsp;&nbsp;&nbsp; 3.40%, 07/26/29 | &nbsp;&nbsp;&nbsp; 695 | 670550 |
| &nbsp;&nbsp;&nbsp; 3.45%, 11/15/27 | &nbsp;&nbsp;&nbsp; 175 | 172418 |
| &nbsp;&nbsp;&nbsp; 3.90%, 02/20/28 | &nbsp;&nbsp;&nbsp; 510 | 506047 |
| &nbsp;&nbsp;&nbsp; 4.90%, 02/22/27 | &nbsp;&nbsp;&nbsp; 190 | 191906 |
| &nbsp;&nbsp;&nbsp; 4.90%, 02/22/29 | &nbsp;&nbsp;&nbsp; 580 | 591012 |
| Cardinal Health Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.41%, 06/15/27 | &nbsp;&nbsp;&nbsp; 367 | 360391 |
| &nbsp;&nbsp;&nbsp; 4.70%, 11/15/26 | &nbsp;&nbsp;&nbsp; 85 | 85171 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/29 | &nbsp;&nbsp;&nbsp; 240 | 243511 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/15/29 | &nbsp;&nbsp;&nbsp; 200 | 203928 |
| Cencora Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.80%, 05/15/30 | &nbsp;&nbsp;&nbsp; 150 | 138814 |
| &nbsp;&nbsp;&nbsp; 3.45%, 12/15/27 | &nbsp;&nbsp;&nbsp; 40 | 39116 |
| &nbsp;&nbsp;&nbsp; 4.63%, 12/15/27 | &nbsp;&nbsp;&nbsp; 60 | 60228 |
| &nbsp;&nbsp;&nbsp; 4.85%, 12/15/29 | &nbsp;&nbsp;&nbsp; 200 | 202101 |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.30%, 08/21/27 | &nbsp;&nbsp;&nbsp; 727 | 680545 |
| &nbsp;&nbsp;&nbsp; 3.00%, 08/15/26 | &nbsp;&nbsp;&nbsp; 262 | 257655 |
| &nbsp;&nbsp;&nbsp; 3.25%, 08/15/29 | &nbsp;&nbsp;&nbsp; 540 | 511671 |
| &nbsp;&nbsp;&nbsp; 3.63%, 04/01/27 | &nbsp;&nbsp;&nbsp; 337 | 332116 |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/01/30 | &nbsp;&nbsp;&nbsp; 455 | 436399 |
| &nbsp;&nbsp;&nbsp; 4.30%, 03/25/28 | &nbsp;&nbsp;&nbsp; 1505 | 1494585 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/30/29 | &nbsp;&nbsp;&nbsp; 310 | 314218 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/21/30 | &nbsp;&nbsp;&nbsp; 460 | 467572 |
| &nbsp;&nbsp;&nbsp; 5.40%, 06/01/29 | &nbsp;&nbsp;&nbsp; 315 | 323238 |
| &nbsp;&nbsp;&nbsp; 6.25%, 06/01/27 | &nbsp;&nbsp;&nbsp; 100 | 102923 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/10/55, (5-year CMT + 2.886%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 695 | 716000 |
| Elanco Animal Health Inc., 6.65%, 08/28/28 | &nbsp;&nbsp;&nbsp; 250 | 258841 |
| Eli Lilly & Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.10%, 05/15/27 | &nbsp;&nbsp;&nbsp; 115 | 113005 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| &nbsp;&nbsp;&nbsp; 3.38%, 03/15/29 | &nbsp;&nbsp;&nbsp; $320 | $311718 |
| &nbsp;&nbsp;&nbsp; 4.15%, 08/14/27 | &nbsp;&nbsp;&nbsp; 260 | 260242 |
| &nbsp;&nbsp;&nbsp; 4.20%, 08/14/29 | &nbsp;&nbsp;&nbsp; 280 | 279885 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/09/27 | &nbsp;&nbsp;&nbsp; 365 | 366868 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/09/29 | &nbsp;&nbsp;&nbsp; 325 | 328106 |
| &nbsp;&nbsp;&nbsp; 4.55%, 02/12/28 | &nbsp;&nbsp;&nbsp; 365 | 368566 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/12/30 | &nbsp;&nbsp;&nbsp; 380 | 387231 |
| GlaxoSmithKline Capital Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 05/15/28 | &nbsp;&nbsp;&nbsp; 620 | 614869 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/15/30 | &nbsp;&nbsp;&nbsp; 130 | 130314 |
| GlaxoSmithKline Capital PLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 06/01/29 | &nbsp;&nbsp;&nbsp; 290 | 280612 |
| &nbsp;&nbsp;&nbsp; 4.32%, 03/12/27 | &nbsp;&nbsp;&nbsp; 125 | 125307 |
| Grifols SA, 4.75%, 10/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 221500 |
| &nbsp;&nbsp;&nbsp; HLF Financing SARL LLC/Herbalife <br> International Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 167714 |
| &nbsp;&nbsp;&nbsp; 12.25%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 245 | 267212 |
| Jazz Securities DAC, 4.38%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 450 | 435396 |
| Johnson & Johnson |  |  |
| &nbsp;&nbsp;&nbsp; 0.95%, 09/01/27 | &nbsp;&nbsp;&nbsp; 415 | 390221 |
| &nbsp;&nbsp;&nbsp; 2.90%, 01/15/28 | &nbsp;&nbsp;&nbsp; 560 | 545522 |
| &nbsp;&nbsp;&nbsp; 2.95%, 03/03/27 | &nbsp;&nbsp;&nbsp; 285 | 280388 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/01/27 | &nbsp;&nbsp;&nbsp; 225 | 226485 |
| &nbsp;&nbsp;&nbsp; 4.55%, 03/01/28 | &nbsp;&nbsp;&nbsp; 190 | 192496 |
| &nbsp;&nbsp;&nbsp; 4.70%, 03/01/30 | &nbsp;&nbsp;&nbsp; 480 | 489743 |
| &nbsp;&nbsp;&nbsp; 4.80%, 06/01/29 | &nbsp;&nbsp;&nbsp; 360 | 368294 |
| &nbsp;&nbsp;&nbsp; 6.95%, 09/01/29 | &nbsp;&nbsp;&nbsp; 155 | 171934 |
| &nbsp;&nbsp;&nbsp; Mallinckrodt International Finance SA/Mallinckrodt <br> CB LLC, 14.75%, 11/14/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 145 | 149040 |
| McKesson Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.30%, 08/15/26 | &nbsp;&nbsp;&nbsp; 242 | 234357 |
| &nbsp;&nbsp;&nbsp; 3.95%, 02/16/28 | &nbsp;&nbsp;&nbsp; 55 | 54456 |
| &nbsp;&nbsp;&nbsp; 4.25%, 09/15/29 | &nbsp;&nbsp;&nbsp; 150 | 149374 |
| &nbsp;&nbsp;&nbsp; 4.65%, 05/30/30 | &nbsp;&nbsp;&nbsp; 200 | 201116 |
| &nbsp;&nbsp;&nbsp; 4.90%, 07/15/28 | &nbsp;&nbsp;&nbsp; 115 | 116829 |
| Merck & Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.45%, 06/24/30 | &nbsp;&nbsp;&nbsp; 355 | 309289 |
| &nbsp;&nbsp;&nbsp; 1.70%, 06/10/27 | &nbsp;&nbsp;&nbsp; 435 | 416172 |
| &nbsp;&nbsp;&nbsp; 1.90%, 12/10/28 | &nbsp;&nbsp;&nbsp; 310 | 287809 |
| &nbsp;&nbsp;&nbsp; 3.40%, 03/07/29 | &nbsp;&nbsp;&nbsp; 500 | 485505 |
| &nbsp;&nbsp;&nbsp; 4.05%, 05/17/28 | &nbsp;&nbsp;&nbsp; 210 | 209751 |
| &nbsp;&nbsp;&nbsp; 4.30%, 05/17/30 | &nbsp;&nbsp;&nbsp; 200 | 199947 |
| Merck Sharp & Dohme Corp., 5.95%, 12/01/28 | &nbsp;&nbsp;&nbsp; 175 | 184206 |
| Mylan Inc., 4.55%, 04/15/28 | &nbsp;&nbsp;&nbsp; 205 | 202520 |
| Novartis Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 02/14/27 | &nbsp;&nbsp;&nbsp; 445 | 431334 |
| &nbsp;&nbsp;&nbsp; 3.10%, 05/17/27 | &nbsp;&nbsp;&nbsp; 380 | 373593 |
| &nbsp;&nbsp;&nbsp; 3.80%, 09/18/29 | &nbsp;&nbsp;&nbsp; 230 | 227041 |
| Option Care Health Inc., 4.38%, 10/31/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 143361 |
| &nbsp;&nbsp;&nbsp; Organon & Co./Organon Foreign Debt Co-Issuer BV, <br> 4.13%, 04/30/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 625 | 591264 |
| Owens & Minor Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/31/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 145 | 126096 |
| &nbsp;&nbsp;&nbsp; 6.63%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 153081 |
| &nbsp;&nbsp;&nbsp; P&L Development LLC/PLD Finance Corp., 12.00%, <br> 05/15/29, (9.00% Cash and 3.00% PIK)<sup>(b)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 100 | 103501 |
| Pfizer Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.70%, 05/28/30 | &nbsp;&nbsp;&nbsp; 300 | 264711 |
| &nbsp;&nbsp;&nbsp; 2.63%, 04/01/30 | &nbsp;&nbsp;&nbsp; 395 | 365813 |
| &nbsp;&nbsp;&nbsp; 3.00%, 12/15/26 | &nbsp;&nbsp;&nbsp; 470 | 462385 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| &nbsp;&nbsp;&nbsp; 3.45%, 03/15/29 | &nbsp;&nbsp;&nbsp; $560 | $546388 |
| &nbsp;&nbsp;&nbsp; 3.60%, 09/15/28 | &nbsp;&nbsp;&nbsp; 320 | 315145 |
| Pfizer Investment Enterprises Pte Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.45%, 05/19/28 | &nbsp;&nbsp;&nbsp; 1285 | 1291166 |
| &nbsp;&nbsp;&nbsp; 4.65%, 05/19/30 | &nbsp;&nbsp;&nbsp; 900 | 907838 |
| Pharmacia LLC, 6.60%, 12/01/28 | &nbsp;&nbsp;&nbsp; 190 | 202736 |
| Sanofi SA, 3.63%, 06/19/28 | &nbsp;&nbsp;&nbsp; 15 | 14798 |
| &nbsp;&nbsp;&nbsp; Shire Acquisitions Investments Ireland DAC, 3.20%, <br> 09/23/26<br>| &nbsp;&nbsp;&nbsp; 421 | 415051 |
| Takeda Pharmaceutical Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.05%, 03/31/30 | &nbsp;&nbsp;&nbsp; 700 | 625499 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/26/28 | &nbsp;&nbsp;&nbsp; 560 | 567635 |
| Teva Pharmaceutical Finance Netherlands III BV |  |  |
| &nbsp;&nbsp;&nbsp; 3.15%, 10/01/26 | &nbsp;&nbsp;&nbsp; 432 | 422909 |
| &nbsp;&nbsp;&nbsp; 5.13%, 05/09/29 | &nbsp;&nbsp;&nbsp; 200 | 199833 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/28 | &nbsp;&nbsp;&nbsp; 400 | 413826 |
| Viatris Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.30%, 06/22/27 | &nbsp;&nbsp;&nbsp; 300 | 285489 |
| &nbsp;&nbsp;&nbsp; 2.70%, 06/22/30 | &nbsp;&nbsp;&nbsp; 400 | 354651 |
| Zoetis Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 05/15/30 | &nbsp;&nbsp;&nbsp; 200 | 178929 |
| &nbsp;&nbsp;&nbsp; 3.00%, 09/12/27 | &nbsp;&nbsp;&nbsp; 272 | 264770 |
| &nbsp;&nbsp;&nbsp; 3.90%, 08/20/28 | &nbsp;&nbsp;&nbsp; 155 | 153536 |
|  |  | 44291045 |
| **Pipelines — 0.9%** | **Pipelines — 0.9%** | **Pipelines — 0.9%** |
| &nbsp;&nbsp;&nbsp; Abu Dhabi Crude Oil Pipeline LLC, 3.65%, <br> 11/02/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 194025 |
| &nbsp;&nbsp;&nbsp; Antero Midstream Partners LP/Antero Midstream <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 237808 |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 205130 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 224743 |
| &nbsp;&nbsp;&nbsp; Blue Racer Midstream LLC/Blue Racer <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 130027 |
| &nbsp;&nbsp;&nbsp; 7.00%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 140011 |
| Boardwalk Pipelines LP |  |  |
| &nbsp;&nbsp;&nbsp; 4.45%, 07/15/27 | &nbsp;&nbsp;&nbsp; 210 | 209349 |
| &nbsp;&nbsp;&nbsp; 4.80%, 05/03/29 | &nbsp;&nbsp;&nbsp; 150 | 151331 |
| Buckeye Partners LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 12/01/26 | &nbsp;&nbsp;&nbsp; 200 | 196663 |
| &nbsp;&nbsp;&nbsp; 4.13%, 12/01/27 | &nbsp;&nbsp;&nbsp; 115 | 112219 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 170893 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 150194 |
| &nbsp;&nbsp;&nbsp; 6.88%, 07/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 185123 |
| Cheniere Corpus Christi Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 11/15/29 | &nbsp;&nbsp;&nbsp; 260 | 250065 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/30/27 | &nbsp;&nbsp;&nbsp; 502 | 505669 |
| Cheniere Energy Inc., 4.63%, 10/15/28 | &nbsp;&nbsp;&nbsp; 570 | 567170 |
| Cheniere Energy Partners LP, 4.50%, 10/01/29 | &nbsp;&nbsp;&nbsp; 475 | 469997 |
| CNPC Global Capital Ltd., 2.00%, 06/23/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 180458 |
| CNX Midstream Partners LP, 4.75%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 117943 |
| Colonial Enterprises Inc., 3.25%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 137016 |
| &nbsp;&nbsp;&nbsp; Colorado Interstate Gas Co. LLC/Colorado <br> Interstate Issuing Corp., 4.15%, 08/15/26<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 150 | 149070 |
| Columbia Pipelines Holding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.04%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 249511 |
| &nbsp;&nbsp;&nbsp; 6.06%, 08/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 176908 |
| DCP Midstream Operating LP |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 05/15/29 | &nbsp;&nbsp;&nbsp; 165 | 167228 |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/15/27 | &nbsp;&nbsp;&nbsp; 254 | 258540 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| &nbsp;&nbsp;&nbsp; Delek Logistics Partners LP/Delek Logistics <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $165 | $165505 |
| &nbsp;&nbsp;&nbsp; 8.63%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 315 | 327715 |
| DT Midstream Inc., 4.13%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 337301 |
| &nbsp;&nbsp;&nbsp; Eastern Gas Transmission & Storage Inc., 3.00%, <br> 11/15/29<br>| &nbsp;&nbsp;&nbsp; 125 | 117775 |
| Enbridge Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.60%, 10/04/26 | &nbsp;&nbsp;&nbsp; 297 | 286971 |
| &nbsp;&nbsp;&nbsp; 3.13%, 11/15/29 | &nbsp;&nbsp;&nbsp; 350 | 330048 |
| &nbsp;&nbsp;&nbsp; 3.70%, 07/15/27 | &nbsp;&nbsp;&nbsp; 160 | 157606 |
| &nbsp;&nbsp;&nbsp; 4.25%, 12/01/26 | &nbsp;&nbsp;&nbsp; 130 | 129530 |
| &nbsp;&nbsp;&nbsp; 4.60%, 06/20/28 | &nbsp;&nbsp;&nbsp; 100 | 100384 |
| &nbsp;&nbsp;&nbsp; 4.90%, 06/20/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 175 | 176492 |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/05/27 | &nbsp;&nbsp;&nbsp; 195 | 197336 |
| &nbsp;&nbsp;&nbsp; 5.30%, 04/05/29 | &nbsp;&nbsp;&nbsp; 245 | 250512 |
| &nbsp;&nbsp;&nbsp; 5.90%, 11/15/26 | &nbsp;&nbsp;&nbsp; 255 | 258901 |
| &nbsp;&nbsp;&nbsp; 6.00%, 11/15/28 | &nbsp;&nbsp;&nbsp; 240 | 251067 |
| &nbsp;&nbsp;&nbsp; 7.38%, 03/15/55, (5-year CMT + 3.122%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 125 | 130259 |
| Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 05/15/30 | &nbsp;&nbsp;&nbsp; 450 | 431110 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/01/27 | &nbsp;&nbsp;&nbsp; 325 | 321715 |
| &nbsp;&nbsp;&nbsp; 4.15%, 09/15/29 | &nbsp;&nbsp;&nbsp; 165 | 161728 |
| &nbsp;&nbsp;&nbsp; 4.20%, 04/15/27 | &nbsp;&nbsp;&nbsp; 305 | 303112 |
| &nbsp;&nbsp;&nbsp; 4.40%, 03/15/27 | &nbsp;&nbsp;&nbsp; 102 | 101709 |
| &nbsp;&nbsp;&nbsp; 4.95%, 05/15/28 | &nbsp;&nbsp;&nbsp; 125 | 126362 |
| &nbsp;&nbsp;&nbsp; 4.95%, 06/15/28 | &nbsp;&nbsp;&nbsp; 230 | 232412 |
| &nbsp;&nbsp;&nbsp; 5.20%, 04/01/30 | &nbsp;&nbsp;&nbsp; 205 | 208991 |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/15/29 | &nbsp;&nbsp;&nbsp; 420 | 428381 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/01/29 | &nbsp;&nbsp;&nbsp; 310 | 316928 |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/01/27 | &nbsp;&nbsp;&nbsp; 184 | 186616 |
| &nbsp;&nbsp;&nbsp; 5.55%, 02/15/28 | &nbsp;&nbsp;&nbsp; 475 | 486823 |
| &nbsp;&nbsp;&nbsp; 5.63%, 05/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 575 | 575147 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 233175 |
| &nbsp;&nbsp;&nbsp; 6.05%, 12/01/26 | &nbsp;&nbsp;&nbsp; 260 | 264573 |
| &nbsp;&nbsp;&nbsp; 6.10%, 12/01/28 | &nbsp;&nbsp;&nbsp; 300 | 313782 |
| &nbsp;&nbsp;&nbsp; 7.13%, 10/01/54, (5-year CMT + 2.829%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 102580 |
| &nbsp;&nbsp;&nbsp; 8.00%, 05/15/54, (5-year CMT + 4.020%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 295 | 314385 |
| Enterprise Products Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.80%, 01/31/30 | &nbsp;&nbsp;&nbsp; 350 | 326690 |
| &nbsp;&nbsp;&nbsp; 3.13%, 07/31/29 | &nbsp;&nbsp;&nbsp; 350 | 333673 |
| &nbsp;&nbsp;&nbsp; 3.95%, 02/15/27 | &nbsp;&nbsp;&nbsp; 200 | 198810 |
| &nbsp;&nbsp;&nbsp; 4.15%, 10/16/28 | &nbsp;&nbsp;&nbsp; 280 | 278511 |
| &nbsp;&nbsp;&nbsp; 4.30%, 06/20/28 | &nbsp;&nbsp;&nbsp; 225 | 224739 |
| &nbsp;&nbsp;&nbsp; 4.60%, 01/11/27 | &nbsp;&nbsp;&nbsp; 155 | 155541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/15/78, (3-mo. CME Term SOFR + <br> 2.832%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 215 | 212383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series E, 5.25%, 08/16/77, (3-mo. CME Term <br> SOFR + 3.295%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 300 | 296688 |
| Excelerate Energy LP, 8.00%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 251330 |
| &nbsp;&nbsp;&nbsp; FTAI Infra Escrow Holdings LLC, 10.50%, <br> 06/01/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 205 | 211183 |
| &nbsp;&nbsp;&nbsp; Galaxy Pipeline Assets Bidco Ltd., 1.75%, <br> 09/30/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 161 | 155305 |
| Genesis Energy LP/Genesis Energy Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/01/28 | &nbsp;&nbsp;&nbsp; 220 | 222202 |
| &nbsp;&nbsp;&nbsp; 8.25%, 01/15/29 | &nbsp;&nbsp;&nbsp; 200 | 208455 |
| &nbsp;&nbsp;&nbsp; 8.88%, 04/15/30 | &nbsp;&nbsp;&nbsp; 150 | 158660 |
| &nbsp;&nbsp;&nbsp; Global Partners LP/GLP Finance Corp., 6.88%, <br> 01/15/29<br>| &nbsp;&nbsp;&nbsp; 105 | 106387 |
| Harvest Midstream I LP, 7.50%, 09/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 260 | 263064 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| Hess Midstream Operations LP |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $225 | $217747 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 164254 |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 254206 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 175120 |
| &nbsp;&nbsp;&nbsp; Howard Midstream Energy Partners LLC, 8.88%, <br> 07/15/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 175 | 182898 |
| ITT Holdings LLC, 6.50%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 375 | 356820 |
| Kinder Morgan Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 11/15/26 | &nbsp;&nbsp;&nbsp; 200 | 193112 |
| &nbsp;&nbsp;&nbsp; 4.30%, 03/01/28 | &nbsp;&nbsp;&nbsp; 480 | 478562 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/29 | &nbsp;&nbsp;&nbsp; 375 | 379854 |
| &nbsp;&nbsp;&nbsp; 5.10%, 08/01/29 | &nbsp;&nbsp;&nbsp; 145 | 147664 |
| &nbsp;&nbsp;&nbsp; 5.15%, 06/01/30 | &nbsp;&nbsp;&nbsp; 320 | 326519 |
| Kinetik Holdings LP |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 300123 |
| &nbsp;&nbsp;&nbsp; 6.63%, 12/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 311424 |
| &nbsp;&nbsp;&nbsp; Martin Midstream Partners LP/Martin Midstream <br> Finance Corp., 11.50%, 02/15/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 130 | 137630 |
| &nbsp;&nbsp;&nbsp; Midwest Connector Capital Co. LLC, 4.63%, <br> 04/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 235 | 232773 |
| MPLX LP |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/15/28 | &nbsp;&nbsp;&nbsp; 170 | 167697 |
| &nbsp;&nbsp;&nbsp; 4.13%, 03/01/27 | &nbsp;&nbsp;&nbsp; 482 | 478856 |
| &nbsp;&nbsp;&nbsp; 4.25%, 12/01/27 | &nbsp;&nbsp;&nbsp; 300 | 297971 |
| &nbsp;&nbsp;&nbsp; 4.80%, 02/15/29 | &nbsp;&nbsp;&nbsp; 235 | 236484 |
| New Fortress Energy Inc., 8.75%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 15 | 3500 |
| NFE Financing LLC, 12.00%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 946 | 333665 |
| &nbsp;&nbsp;&nbsp; NGL Energy Operating LLC/NGL Energy Finance <br> Corp., 8.13%, 02/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 280 | 277176 |
| NGPL PipeCo LLC, 4.88%, 08/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 157 | 156118 |
| Northwest Pipeline LLC, 4.00%, 04/01/27 | &nbsp;&nbsp;&nbsp; 135 | 133776 |
| NuStar Logistics LP, 5.63%, 04/28/27 | &nbsp;&nbsp;&nbsp; 190 | 190947 |
| ONEOK Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.10%, 03/15/30 | &nbsp;&nbsp;&nbsp; 200 | 186771 |
| &nbsp;&nbsp;&nbsp; 3.25%, 06/01/30 | &nbsp;&nbsp;&nbsp; 150 | 140218 |
| &nbsp;&nbsp;&nbsp; 3.40%, 09/01/29 | &nbsp;&nbsp;&nbsp; 200 | 190520 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/13/27 | &nbsp;&nbsp;&nbsp; 145 | 143693 |
| &nbsp;&nbsp;&nbsp; 4.25%, 09/24/27 | &nbsp;&nbsp;&nbsp; 330 | 328642 |
| &nbsp;&nbsp;&nbsp; 4.35%, 03/15/29 | &nbsp;&nbsp;&nbsp; 240 | 237806 |
| &nbsp;&nbsp;&nbsp; 4.40%, 10/15/29 | &nbsp;&nbsp;&nbsp; 185 | 183134 |
| &nbsp;&nbsp;&nbsp; 4.55%, 07/15/28 | &nbsp;&nbsp;&nbsp; 295 | 295306 |
| &nbsp;&nbsp;&nbsp; 5.38%, 06/01/29 | &nbsp;&nbsp;&nbsp; 180 | 183751 |
| &nbsp;&nbsp;&nbsp; 5.55%, 11/01/26 | &nbsp;&nbsp;&nbsp; 210 | 212202 |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 183 | 186450 |
| &nbsp;&nbsp;&nbsp; 5.65%, 11/01/28 | &nbsp;&nbsp;&nbsp; 250 | 257918 |
| Peru LNG SRL, 5.38%, 03/22/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 333 | 317687 |
| Plains All American Pipeline LP/PAA Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.55%, 12/15/29 | &nbsp;&nbsp;&nbsp; 240 | 228950 |
| &nbsp;&nbsp;&nbsp; 4.50%, 12/15/26 | &nbsp;&nbsp;&nbsp; 145 | 144943 |
| Prairie Acquiror LP, 9.00%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 129584 |
| QazaqGaz NC JSC, 4.38%, 09/26/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196547 |
| Rockies Express Pipeline LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.80%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 105 | 101289 |
| &nbsp;&nbsp;&nbsp; 4.95%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 161602 |
| Sabal Trail Transmission LLC, 4.25%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 50 | 49290 |
| Sabine Pass Liquefaction LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.20%, 03/15/28 | &nbsp;&nbsp;&nbsp; 500 | 495996 |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/15/30 | &nbsp;&nbsp;&nbsp; 600 | 596557 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/27 | &nbsp;&nbsp;&nbsp; 567 | 569335 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| &nbsp;&nbsp;&nbsp; South Bow Canadian Infrastructure Holdings Ltd., <br> 7.63%, 03/01/55, (5-year CMT + 3.949%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; $100 | $103304 |
| South Bow USA Infrastructure Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.91%, 09/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 320 | 321065 |
| &nbsp;&nbsp;&nbsp; 5.03%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 304863 |
| Spectra Energy Partners LP, 3.38%, 10/15/26 | &nbsp;&nbsp;&nbsp; 215 | 211886 |
| &nbsp;&nbsp;&nbsp; Summit Midstream Holdings LLC, 8.63%, <br> 10/31/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 225 | 228995 |
| &nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP/Tallgrass Energy <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 245 | 243023 |
| &nbsp;&nbsp;&nbsp; 6.00%, 03/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 134592 |
| &nbsp;&nbsp;&nbsp; 7.38%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 255 | 261520 |
| Targa Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 07/01/27 | &nbsp;&nbsp;&nbsp; 232 | 234717 |
| &nbsp;&nbsp;&nbsp; 6.15%, 03/01/29 | &nbsp;&nbsp;&nbsp; 345 | 361223 |
| &nbsp;&nbsp;&nbsp; Targa Resources Partners LP/Targa Resources <br> Partners Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/28 | &nbsp;&nbsp;&nbsp; 160 | 159807 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/01/30 | &nbsp;&nbsp;&nbsp; 255 | 258990 |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/15/29 | &nbsp;&nbsp;&nbsp; 230 | 235016 |
| TC PipeLines LP, 3.90%, 05/25/27 | &nbsp;&nbsp;&nbsp; 123 | 121588 |
| Tennessee Gas Pipeline Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.90%, 03/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 320 | 295768 |
| &nbsp;&nbsp;&nbsp; 7.00%, 10/15/28 | &nbsp;&nbsp;&nbsp; 30 | 32073 |
| Texas Eastern Transmission LP, 3.50%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 110 | 107519 |
| TransCanada PipeLines Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.10%, 04/15/30 | &nbsp;&nbsp;&nbsp; 350 | 340960 |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/15/28 | &nbsp;&nbsp;&nbsp; 515 | 511709 |
| &nbsp;&nbsp;&nbsp; 7.00%, 06/01/65, (5-year CMT + 2.614%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 150 | 150961 |
| Transcontinental Gas Pipe Line Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 05/15/30 | &nbsp;&nbsp;&nbsp; 200 | 188122 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/15/28 | &nbsp;&nbsp;&nbsp; 45 | 44448 |
| TransMontaigne Partners LLC, 8.50%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 156748 |
| &nbsp;&nbsp;&nbsp; Transportadora de Gas del Peru SA, 4.25%, <br> 04/30/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 120 | 118768 |
| &nbsp;&nbsp;&nbsp; Transportadora de Gas Internacional SA ESP, <br> 5.55%, 11/01/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 202538 |
| Valero Energy Partners LP, 4.50%, 03/15/28 | &nbsp;&nbsp;&nbsp; 250 | 250001 |
| Venture Global Calcasieu Pass LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 313325 |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 375 | 353754 |
| Venture Global LNG Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.00%, 01/15/30<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 425 | 431053 |
| &nbsp;&nbsp;&nbsp; 8.13%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 697 | 721098 |
| &nbsp;&nbsp;&nbsp; 9.50%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 880 | 959502 |
| Western Midstream Operating LP |  |  |
| &nbsp;&nbsp;&nbsp; 4.05%, 02/01/30 | &nbsp;&nbsp;&nbsp; 325 | 312256 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/01/28 | &nbsp;&nbsp;&nbsp; 40 | 39701 |
| &nbsp;&nbsp;&nbsp; 4.75%, 08/15/28 | &nbsp;&nbsp;&nbsp; 180 | 179389 |
| &nbsp;&nbsp;&nbsp; 6.35%, 01/15/29 | &nbsp;&nbsp;&nbsp; 205 | 214074 |
| Whistler Pipeline LLC, 5.40%, 09/30/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 101278 |
| Williams Companies Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 06/15/27 | &nbsp;&nbsp;&nbsp; 552 | 544254 |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/30/30 | &nbsp;&nbsp;&nbsp; 175 | 174329 |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/15/29 | &nbsp;&nbsp;&nbsp; 420 | 424445 |
| &nbsp;&nbsp;&nbsp; 5.30%, 08/15/28 | &nbsp;&nbsp;&nbsp; 290 | 296954 |
|  |  | 39786346 |
| **Private Equity — 0.0%** | **Private Equity — 0.0%** | **Private Equity — 0.0%** |
| Apollo Management Holdings LP |  |  |
| &nbsp;&nbsp;&nbsp; 2.65%, 06/05/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 136469 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Private Equity (continued)** | **Private Equity (continued)** | **Private Equity (continued)** |
| &nbsp;&nbsp;&nbsp; 4.87%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $210 | $210637 |
| Carlyle Finance Subsidiary LLC, 3.50%, 09/19/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 148603 |
| KKR Group Finance Co. VI LLC, 3.75%, 07/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 233386 |
|  |  | 729095 |
| **Real Estate — 0.3%** | **Real Estate — 0.3%** | **Real Estate — 0.3%** |
| Aldar Sukuk No. 2 Ltd., 3.88%, 10/22/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193245 |
| Alpha Star Holding IX Ltd., 7.00%, 08/26/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204038 |
| Alpha Star Holding VIII Ltd., 8.38%, 04/12/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 207067 |
| &nbsp;&nbsp;&nbsp; Anywhere Real Estate Group LLC / Realogy <br> Co-Issuer Corp., 9.75%, 04/15/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 150 | 156508 |
| &nbsp;&nbsp;&nbsp; Anywhere Real Estate Group LLC/Anywhere <br> Co-Issuer Corp., 7.00%, 04/15/30<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 191524 |
| &nbsp;&nbsp;&nbsp; Anywhere Real Estate Group LLC/Realogy <br> Co-Issuer Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 140 | 116700 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 165 | 146941 |
| Arabian Centres Sukuk II Ltd., 5.63%, 10/07/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 377027 |
| Arabian Centres Sukuk III Ltd., 9.50%, 03/06/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203625 |
| Arada Sukuk 2 Ltd., 8.00%, 06/24/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206313 |
| Arada Sukuk Ltd., 8.13%, 06/08/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204901 |
| Binghatti Sukuk SPC Ltd., 9.63%, 02/28/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206397 |
| CBRE Services Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.80%, 06/15/30 | &nbsp;&nbsp;&nbsp; 125 | 125668 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/01/29 | &nbsp;&nbsp;&nbsp; 100 | 103045 |
| Central Plaza Development Ltd., 6.80%, 04/07/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201333 |
| &nbsp;&nbsp;&nbsp; China Overseas Finance Cayman VII Ltd., 4.75%, <br> 04/26/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 199294 |
| &nbsp;&nbsp;&nbsp; China Overseas Finance Cayman VIII Ltd., 2.75%, <br> 03/02/30<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 182877 |
| China Resources Land Ltd., 4.13%, 02/26/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194374 |
| CoreLogic Inc., 4.50%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 235 | 221477 |
| CoStar Group Inc., 2.80%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 135451 |
| &nbsp;&nbsp;&nbsp; Cushman & Wakefield U.S. Borrower LLC, 6.75%, <br> 05/15/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 195 | 196408 |
| Dar Al-Arkan Sukuk Co. Ltd., 8.00%, 02/25/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 207112 |
| Emaar Sukuk Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.64%, 09/15/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197236 |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/17/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193855 |
| Esic Sukuk Ltd., 5.83%, 02/14/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202974 |
| &nbsp;&nbsp;&nbsp; Five Point Operating Co. LP/Five Point Capital <br> Corp., 11.00%, 01/15/28<sup>(b)(h)</sup><br>| &nbsp;&nbsp;&nbsp; 157 | 158703 |
| Franshion Brilliant Ltd., 4.25%, 07/23/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 179281 |
| Greentown China Holdings Ltd., 8.45%, 02/24/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204482 |
| &nbsp;&nbsp;&nbsp; Hongkong Land Finance Cayman Islands Co. Ltd. <br> (The), 2.88%, 05/27/30<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 185011 |
| Howard Hughes Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 190816 |
| &nbsp;&nbsp;&nbsp; 5.38%, 08/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 248522 |
| Hunt Companies Inc., 5.25%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195968 |
| &nbsp;&nbsp;&nbsp; Huzhou City Investment Development Group Co. <br> Ltd., 4.70%, 12/05/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 398369 |
| Hysan MTN Ltd., 2.88%, 06/02/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 191748 |
| Jones Lang LaSalle Inc., 6.88%, 12/01/28 | &nbsp;&nbsp;&nbsp; 145 | 154949 |
| Kennedy-Wilson Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/01/29 | &nbsp;&nbsp;&nbsp; 200 | 187692 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/01/30 | &nbsp;&nbsp;&nbsp; 175 | 161104 |
| Longfor Group Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 09/16/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 164164 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/16/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 180011 |
| &nbsp;&nbsp;&nbsp; MAF Global Securities Ltd., 7.88%, (5-year CMT + <br> 4.893%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 206289 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate (continued)** | **Real Estate (continued)** | **Real Estate (continued)** |
| MAF Sukuk Ltd., 4.64%, 05/14/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; $200 | $199254 |
| Mitsui Fudosan Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.65%, 07/20/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196488 |
| &nbsp;&nbsp;&nbsp; 3.95%, 01/24/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195562 |
| Nan Fung Treasury Ltd., 3.88%, 10/03/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194360 |
| Newmark Group Inc., 7.50%, 01/12/29 | &nbsp;&nbsp;&nbsp; 160 | 169843 |
| Ontario Teachers' Cadillac Fairview Properties Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/20/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 246598 |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 315 | 309066 |
| &nbsp;&nbsp;&nbsp; Sinochem Offshore Capital Co. Ltd., 2.25%, <br> 11/24/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 387881 |
| Sobha Sukuk Ltd., 8.75%, 07/17/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208503 |
| Sun Hung Kai Properties Capital Market Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 01/21/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 186414 |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/25/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194785 |
| &nbsp;&nbsp;&nbsp; Swire Pacific Mtn Financing HK Ltd., 2.88%, <br> 01/30/30<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 186859 |
| &nbsp;&nbsp;&nbsp; Vanke Real Estate Hong Kong Co. Ltd., 3.98%, <br> 11/09/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 323272 |
| Wharf REIC Finance BVI Ltd., 3.50%, 01/17/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193927 |
| &nbsp;&nbsp;&nbsp; Wuhan Urban Construction Group Co. Ltd., 5.70%, <br> 06/24/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 203005 |
|  |  | 11178316 |
| **Real Estate Investment Trusts — 1.1%** | **Real Estate Investment Trusts — 1.1%** | **Real Estate Investment Trusts — 1.1%** |
| Agree LP, 2.00%, 06/15/28 | &nbsp;&nbsp;&nbsp; 100 | 93464 |
| Alexandria Real Estate Equities Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 12/15/29 | &nbsp;&nbsp;&nbsp; 55 | 50919 |
| &nbsp;&nbsp;&nbsp; 3.95%, 01/15/28 | &nbsp;&nbsp;&nbsp; 358 | 352914 |
| &nbsp;&nbsp;&nbsp; 4.70%, 07/01/30 | &nbsp;&nbsp;&nbsp; 150 | 149509 |
| American Homes 4 Rent LP |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/28 | &nbsp;&nbsp;&nbsp; 170 | 168541 |
| &nbsp;&nbsp;&nbsp; 4.90%, 02/15/29 | &nbsp;&nbsp;&nbsp; 100 | 100937 |
| &nbsp;&nbsp;&nbsp; 4.95%, 06/15/30 | &nbsp;&nbsp;&nbsp; 205 | 206344 |
| American Tower Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.45%, 09/15/26 | &nbsp;&nbsp;&nbsp; 257 | 248218 |
| &nbsp;&nbsp;&nbsp; 1.50%, 01/31/28 | &nbsp;&nbsp;&nbsp; 175 | 162815 |
| &nbsp;&nbsp;&nbsp; 2.75%, 01/15/27 | &nbsp;&nbsp;&nbsp; 194 | 189191 |
| &nbsp;&nbsp;&nbsp; 2.90%, 01/15/30 | &nbsp;&nbsp;&nbsp; 200 | 185852 |
| &nbsp;&nbsp;&nbsp; 3.13%, 01/15/27 | &nbsp;&nbsp;&nbsp; 200 | 195917 |
| &nbsp;&nbsp;&nbsp; 3.38%, 10/15/26 | &nbsp;&nbsp;&nbsp; 247 | 243657 |
| &nbsp;&nbsp;&nbsp; 3.55%, 07/15/27 | &nbsp;&nbsp;&nbsp; 139 | 136627 |
| &nbsp;&nbsp;&nbsp; 3.60%, 01/15/28 | &nbsp;&nbsp;&nbsp; 90 | 88279 |
| &nbsp;&nbsp;&nbsp; 3.65%, 03/15/27 | &nbsp;&nbsp;&nbsp; 257 | 253344 |
| &nbsp;&nbsp;&nbsp; 3.80%, 08/15/29 | &nbsp;&nbsp;&nbsp; 515 | 499898 |
| &nbsp;&nbsp;&nbsp; 3.95%, 03/15/29 | &nbsp;&nbsp;&nbsp; 230 | 225025 |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/15/30 | &nbsp;&nbsp;&nbsp; 260 | 262522 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/31/30 | &nbsp;&nbsp;&nbsp; 130 | 131971 |
| &nbsp;&nbsp;&nbsp; 5.20%, 02/15/29 | &nbsp;&nbsp;&nbsp; 140 | 142814 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/28 | &nbsp;&nbsp;&nbsp; 190 | 194282 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/15/28 | &nbsp;&nbsp;&nbsp; 325 | 333131 |
| &nbsp;&nbsp;&nbsp; 5.80%, 11/15/28 | &nbsp;&nbsp;&nbsp; 255 | 264619 |
| &nbsp;&nbsp;&nbsp; Apollo Commercial Real Estate Finance Inc., 4.63%, <br> 06/15/29<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 150 | 142448 |
| Arbor Realty SR Inc., 7.88%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 60 | 61275 |
| AvalonBay Communities Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.90%, 12/01/28 | &nbsp;&nbsp;&nbsp; 150 | 138951 |
| &nbsp;&nbsp;&nbsp; 2.30%, 03/01/30 | &nbsp;&nbsp;&nbsp; 200 | 181784 |
| &nbsp;&nbsp;&nbsp; 2.90%, 10/15/26 | &nbsp;&nbsp;&nbsp; 50 | 49099 |
| &nbsp;&nbsp;&nbsp; 3.20%, 01/15/28 | &nbsp;&nbsp;&nbsp; 150 | 146024 |
| &nbsp;&nbsp;&nbsp; 3.30%, 06/01/29 | &nbsp;&nbsp;&nbsp; 20 | 19213 |
| &nbsp;&nbsp;&nbsp; 3.35%, 05/15/27 | &nbsp;&nbsp;&nbsp; 193 | 189635 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| Blackstone Mortgage Trust Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $110 | $106729 |
| &nbsp;&nbsp;&nbsp; 7.75%, 12/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 137556 |
| Boston Properties LP |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 10/01/26 | &nbsp;&nbsp;&nbsp; 385 | 376587 |
| &nbsp;&nbsp;&nbsp; 2.90%, 03/15/30 | &nbsp;&nbsp;&nbsp; 180 | 165282 |
| &nbsp;&nbsp;&nbsp; 3.40%, 06/21/29 | &nbsp;&nbsp;&nbsp; 250 | 236993 |
| &nbsp;&nbsp;&nbsp; 4.50%, 12/01/28 | &nbsp;&nbsp;&nbsp; 235 | 232748 |
| &nbsp;&nbsp;&nbsp; 6.75%, 12/01/27 | &nbsp;&nbsp;&nbsp; 445 | 465183 |
| Brandywine Operating Partnership LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 11/15/27 | &nbsp;&nbsp;&nbsp; 125 | 120524 |
| &nbsp;&nbsp;&nbsp; 4.55%, 10/01/29 | &nbsp;&nbsp;&nbsp; 105 | 98659 |
| &nbsp;&nbsp;&nbsp; 8.30%, 03/15/28 | &nbsp;&nbsp;&nbsp; 104 | 110711 |
| &nbsp;&nbsp;&nbsp; 8.88%, 04/12/29 | &nbsp;&nbsp;&nbsp; 150 | 161114 |
| Brixmor Operating Partnership LP |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 04/01/28 | &nbsp;&nbsp;&nbsp; 290 | 273434 |
| &nbsp;&nbsp;&nbsp; 3.90%, 03/15/27 | &nbsp;&nbsp;&nbsp; 75 | 74246 |
| &nbsp;&nbsp;&nbsp; 4.05%, 07/01/30 | &nbsp;&nbsp;&nbsp; 200 | 193790 |
| &nbsp;&nbsp;&nbsp; 4.13%, 05/15/29 | &nbsp;&nbsp;&nbsp; 210 | 206370 |
| &nbsp;&nbsp;&nbsp; Brookfield Property REIT Inc./BPR <br> Cumulus LLC/BPR Nimbus LLC/GGSI <br> Sellco LLC, 4.50%, 04/01/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 166 | 161416 |
| Camden Property Trust |  |  |
| &nbsp;&nbsp;&nbsp; 2.80%, 05/15/30 | &nbsp;&nbsp;&nbsp; 200 | 185496 |
| &nbsp;&nbsp;&nbsp; 3.15%, 07/01/29 | &nbsp;&nbsp;&nbsp; 200 | 190208 |
| &nbsp;&nbsp;&nbsp; 4.10%, 10/15/28 | &nbsp;&nbsp;&nbsp; 115 | 114297 |
| &nbsp;&nbsp;&nbsp; Cibanco SA Ibm/PLA Administradora Industrial S de <br> RL de CV, 4.96%, 07/18/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 193770 |
| COPT Defense Properties LP, 2.00%, 01/15/29 | &nbsp;&nbsp;&nbsp; 110 | 100483 |
| Cousins Properties LP, 5.25%, 07/15/30 | &nbsp;&nbsp;&nbsp; 100 | 101684 |
| Crown Castle Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.90%, 03/15/27 | &nbsp;&nbsp;&nbsp; 297 | 289055 |
| &nbsp;&nbsp;&nbsp; 3.10%, 11/15/29 | &nbsp;&nbsp;&nbsp; 55 | 51655 |
| &nbsp;&nbsp;&nbsp; 3.30%, 07/01/30 | &nbsp;&nbsp;&nbsp; 200 | 187567 |
| &nbsp;&nbsp;&nbsp; 3.65%, 09/01/27 | &nbsp;&nbsp;&nbsp; 237 | 232694 |
| &nbsp;&nbsp;&nbsp; 3.80%, 02/15/28 | &nbsp;&nbsp;&nbsp; 486 | 476245 |
| &nbsp;&nbsp;&nbsp; 4.30%, 02/15/29 | &nbsp;&nbsp;&nbsp; 190 | 187344 |
| &nbsp;&nbsp;&nbsp; 4.80%, 09/01/28 | &nbsp;&nbsp;&nbsp; 75 | 75334 |
| &nbsp;&nbsp;&nbsp; 4.90%, 09/01/29 | &nbsp;&nbsp;&nbsp; 165 | 166088 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/11/28 | &nbsp;&nbsp;&nbsp; 465 | 468882 |
| &nbsp;&nbsp;&nbsp; 5.60%, 06/01/29 | &nbsp;&nbsp;&nbsp; 265 | 273214 |
| &nbsp;&nbsp;&nbsp; CTR Partnership LP/CareTrust Capital Corp., <br> 3.88%, 06/30/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 135 | 130432 |
| CubeSmart LP |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 12/15/28 | &nbsp;&nbsp;&nbsp; 160 | 148624 |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/15/30 | &nbsp;&nbsp;&nbsp; 10 | 9292 |
| &nbsp;&nbsp;&nbsp; 3.13%, 09/01/26 | &nbsp;&nbsp;&nbsp; 45 | 44250 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/15/29 | &nbsp;&nbsp;&nbsp; 105 | 103916 |
| Digital Realty Trust LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.60%, 07/01/29 | &nbsp;&nbsp;&nbsp; 195 | 187862 |
| &nbsp;&nbsp;&nbsp; 3.70%, 08/15/27 | &nbsp;&nbsp;&nbsp; 535 | 527638 |
| &nbsp;&nbsp;&nbsp; 4.45%, 07/15/28 | &nbsp;&nbsp;&nbsp; 100 | 100087 |
| &nbsp;&nbsp;&nbsp; 5.55%, 01/15/28 | &nbsp;&nbsp;&nbsp; 338 | 345834 |
| Diversified Healthcare Trust, 4.75%, 02/15/28 | &nbsp;&nbsp;&nbsp; 165 | 152927 |
| DOC DR LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 01/15/28 | &nbsp;&nbsp;&nbsp; 215 | 212395 |
| &nbsp;&nbsp;&nbsp; 4.30%, 03/15/27 | &nbsp;&nbsp;&nbsp; 70 | 69679 |
| EPR Properties |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 08/15/29 | &nbsp;&nbsp;&nbsp; 150 | 142616 |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/01/27 | &nbsp;&nbsp;&nbsp; 217 | 215273 |
| &nbsp;&nbsp;&nbsp; 4.75%, 12/15/26 | &nbsp;&nbsp;&nbsp; 155 | 154518 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| &nbsp;&nbsp;&nbsp; 4.95%, 04/15/28 | &nbsp;&nbsp;&nbsp; $175 | $174918 |
| Equinix Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.55%, 03/15/28 | &nbsp;&nbsp;&nbsp; 230 | 213649 |
| &nbsp;&nbsp;&nbsp; 1.80%, 07/15/27 | &nbsp;&nbsp;&nbsp; 280 | 266135 |
| &nbsp;&nbsp;&nbsp; 2.00%, 05/15/28 | &nbsp;&nbsp;&nbsp; 65 | 60781 |
| &nbsp;&nbsp;&nbsp; 2.15%, 07/15/30 | &nbsp;&nbsp;&nbsp; 300 | 266818 |
| &nbsp;&nbsp;&nbsp; 2.90%, 11/18/26 | &nbsp;&nbsp;&nbsp; 109 | 106718 |
| &nbsp;&nbsp;&nbsp; 3.20%, 11/18/29 | &nbsp;&nbsp;&nbsp; 305 | 288009 |
| ERP Operating LP |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 02/15/30 | &nbsp;&nbsp;&nbsp; 180 | 165349 |
| &nbsp;&nbsp;&nbsp; 2.85%, 11/01/26 | &nbsp;&nbsp;&nbsp; 145 | 142211 |
| &nbsp;&nbsp;&nbsp; 3.00%, 07/01/29 | &nbsp;&nbsp;&nbsp; 135 | 128123 |
| &nbsp;&nbsp;&nbsp; 3.25%, 08/01/27 | &nbsp;&nbsp;&nbsp; 215 | 210408 |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/01/28 | &nbsp;&nbsp;&nbsp; 45 | 44073 |
| &nbsp;&nbsp;&nbsp; 4.15%, 12/01/28 | &nbsp;&nbsp;&nbsp; 195 | 194015 |
| Essex Portfolio LP |  |  |
| &nbsp;&nbsp;&nbsp; 1.70%, 03/01/28 | &nbsp;&nbsp;&nbsp; 360 | 335262 |
| &nbsp;&nbsp;&nbsp; 3.00%, 01/15/30 | &nbsp;&nbsp;&nbsp; 185 | 172690 |
| &nbsp;&nbsp;&nbsp; 3.63%, 05/01/27 | &nbsp;&nbsp;&nbsp; 90 | 88720 |
| Extra Space Storage LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 12/15/27 | &nbsp;&nbsp;&nbsp; 415 | 408458 |
| &nbsp;&nbsp;&nbsp; 3.90%, 04/01/29 | &nbsp;&nbsp;&nbsp; 120 | 117396 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/01/30 | &nbsp;&nbsp;&nbsp; 250 | 258510 |
| &nbsp;&nbsp;&nbsp; 5.70%, 04/01/28 | &nbsp;&nbsp;&nbsp; 160 | 164463 |
| Federal Realty OP LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.20%, 06/15/29 | &nbsp;&nbsp;&nbsp; 35 | 33211 |
| &nbsp;&nbsp;&nbsp; 3.25%, 07/15/27 | &nbsp;&nbsp;&nbsp; 40 | 39130 |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/01/28 | &nbsp;&nbsp;&nbsp; 380 | 388018 |
| Global Net Lease Inc., 4.50%, 09/30/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 105 | 101173 |
| &nbsp;&nbsp;&nbsp; Global Net Lease Inc./Global Net Lease Operating <br> Partnership LP, 3.75%, 12/15/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 150 | 143251 |
| GLP Capital LP/GLP Financing II Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/15/30 | &nbsp;&nbsp;&nbsp; 220 | 210575 |
| &nbsp;&nbsp;&nbsp; 5.30%, 01/15/29 | &nbsp;&nbsp;&nbsp; 260 | 262542 |
| &nbsp;&nbsp;&nbsp; 5.75%, 06/01/28 | &nbsp;&nbsp;&nbsp; 97 | 99069 |
| &nbsp;&nbsp;&nbsp; Goodman U.S. Finance Three LLC, 3.70%, <br> 03/15/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 130 | 126972 |
| Healthcare Realty Holdings LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.10%, 02/15/30 | &nbsp;&nbsp;&nbsp; 200 | 185653 |
| &nbsp;&nbsp;&nbsp; 3.50%, 08/01/26 | &nbsp;&nbsp;&nbsp; 155 | 153053 |
| &nbsp;&nbsp;&nbsp; 3.75%, 07/01/27 | &nbsp;&nbsp;&nbsp; 64 | 62983 |
| Healthpeak OP LLC |  |  |
| &nbsp;&nbsp;&nbsp; 1.35%, 02/01/27 | &nbsp;&nbsp;&nbsp; 115 | 109771 |
| &nbsp;&nbsp;&nbsp; 2.13%, 12/01/28 | &nbsp;&nbsp;&nbsp; 260 | 240710 |
| &nbsp;&nbsp;&nbsp; 3.00%, 01/15/30 | &nbsp;&nbsp;&nbsp; 290 | 271503 |
| &nbsp;&nbsp;&nbsp; 3.50%, 07/15/29 | &nbsp;&nbsp;&nbsp; 135 | 129734 |
| Highwoods Realty LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.05%, 02/15/30 | &nbsp;&nbsp;&nbsp; 135 | 123128 |
| &nbsp;&nbsp;&nbsp; 4.13%, 03/15/28 | &nbsp;&nbsp;&nbsp; 65 | 63582 |
| &nbsp;&nbsp;&nbsp; 4.20%, 04/15/29 | &nbsp;&nbsp;&nbsp; 105 | 101939 |
| &nbsp;&nbsp;&nbsp; Host Hotels & Resorts LP, Series H, 3.38%, <br> 12/15/29<br>| &nbsp;&nbsp;&nbsp; 75 | 70340 |
| Hudson Pacific Properties LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 01/15/30 | &nbsp;&nbsp;&nbsp; 120 | 96057 |
| &nbsp;&nbsp;&nbsp; 3.95%, 11/01/27 | &nbsp;&nbsp;&nbsp; 150 | 141886 |
| &nbsp;&nbsp;&nbsp; 4.65%, 04/01/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 135 | 117688 |
| &nbsp;&nbsp;&nbsp; 5.95%, 02/15/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 105 | 100578 |
| &nbsp;&nbsp;&nbsp; Invitation Homes Operating Partnership LP, 2.30%, <br> 11/15/28<br>| &nbsp;&nbsp;&nbsp; 210 | 196284 |
| Iron Mountain Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 310 | 307690 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $290 | $283620 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 148136 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 238779 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 385 | 378403 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 308348 |
| Kilroy Realty LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.05%, 02/15/30 | &nbsp;&nbsp;&nbsp; 150 | 135617 |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/15/29 | &nbsp;&nbsp;&nbsp; 140 | 135082 |
| &nbsp;&nbsp;&nbsp; 4.75%, 12/15/28 | &nbsp;&nbsp;&nbsp; 170 | 168298 |
| Kimco Realty OP LLC |  |  |
| &nbsp;&nbsp;&nbsp; 1.90%, 03/01/28 | &nbsp;&nbsp;&nbsp; 385 | 362321 |
| &nbsp;&nbsp;&nbsp; 2.80%, 10/01/26 | &nbsp;&nbsp;&nbsp; 55 | 53857 |
| &nbsp;&nbsp;&nbsp; 3.80%, 04/01/27 | &nbsp;&nbsp;&nbsp; 155 | 153193 |
| Kite Realty Group LP, 4.00%, 10/01/26 | &nbsp;&nbsp;&nbsp; 70 | 69334 |
| &nbsp;&nbsp;&nbsp; Ladder Capital Finance Holdings LLLP/Ladder <br> Capital Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 225886 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 155336 |
| Lineage OP LP, 5.25%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 125542 |
| LXP Industrial Trust, 6.75%, 11/15/28 | &nbsp;&nbsp;&nbsp; 65 | 68620 |
| Mid-America Apartments LP |  |  |
| &nbsp;&nbsp;&nbsp; 1.10%, 09/15/26 | &nbsp;&nbsp;&nbsp; 175 | 168586 |
| &nbsp;&nbsp;&nbsp; 3.60%, 06/01/27 | &nbsp;&nbsp;&nbsp; 220 | 217119 |
| &nbsp;&nbsp;&nbsp; 3.95%, 03/15/29 | &nbsp;&nbsp;&nbsp; 195 | 191892 |
| &nbsp;&nbsp;&nbsp; 4.20%, 06/15/28 | &nbsp;&nbsp;&nbsp; 10 | 9952 |
| MPT Operating Partnership LP/MPT Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 08/01/29 | &nbsp;&nbsp;&nbsp; 260 | 197646 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/15/27 | &nbsp;&nbsp;&nbsp; 435 | 399053 |
| NNN REIT Inc., 3.50%, 10/15/27 | &nbsp;&nbsp;&nbsp; 385 | 377052 |
| Office Properties Income Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 03/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 129 | 106696 |
| &nbsp;&nbsp;&nbsp; 9.00%, 03/31/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 99578 |
| &nbsp;&nbsp;&nbsp; 9.00%, 09/30/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 146 | 108394 |
| Omega Healthcare Investors Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 10/01/29 | &nbsp;&nbsp;&nbsp; 165 | 156585 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/01/27 | &nbsp;&nbsp;&nbsp; 220 | 219859 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/15/28 | &nbsp;&nbsp;&nbsp; 210 | 210654 |
| &nbsp;&nbsp;&nbsp; 5.20%, 07/01/30 | &nbsp;&nbsp;&nbsp; 175 | 175527 |
| &nbsp;&nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic <br> Property LLC/PK Finance Co-Issuer<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 216520 |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 239222 |
| &nbsp;&nbsp;&nbsp; 7.00%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 169082 |
| &nbsp;&nbsp;&nbsp; Pebblebrook Hotel LP/PEB Finance Corp., 6.38%, <br> 10/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 115 | 115098 |
| Piedmont Operating Partnership LP |  |  |
| &nbsp;&nbsp;&nbsp; 6.88%, 07/15/29 | &nbsp;&nbsp;&nbsp; 165 | 172611 |
| &nbsp;&nbsp;&nbsp; 9.25%, 07/20/28 | &nbsp;&nbsp;&nbsp; 220 | 242587 |
| Prologis LP |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 07/01/30 | &nbsp;&nbsp;&nbsp; 125 | 109444 |
| &nbsp;&nbsp;&nbsp; 2.13%, 04/15/27 | &nbsp;&nbsp;&nbsp; 80 | 77150 |
| &nbsp;&nbsp;&nbsp; 2.25%, 04/15/30 | &nbsp;&nbsp;&nbsp; 300 | 272044 |
| &nbsp;&nbsp;&nbsp; 3.38%, 12/15/27 | &nbsp;&nbsp;&nbsp; 435 | 426237 |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/15/28 | &nbsp;&nbsp;&nbsp; 100 | 98695 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/15/28 | &nbsp;&nbsp;&nbsp; 149 | 147494 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/29 | &nbsp;&nbsp;&nbsp; 85 | 85178 |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/15/28 | &nbsp;&nbsp;&nbsp; 180 | 182822 |
| &nbsp;&nbsp;&nbsp; Prologis Targeted U.S. Logistics Fund LP, 5.25%, <br> 04/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 140 | 143395 |
| Public Storage Operating Co. |  |  |
| &nbsp;&nbsp;&nbsp; 1.50%, 11/09/26 | &nbsp;&nbsp;&nbsp; 300 | 289493 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| &nbsp;&nbsp;&nbsp; 1.85%, 05/01/28 | &nbsp;&nbsp;&nbsp; $200 | $187291 |
| &nbsp;&nbsp;&nbsp; 1.95%, 11/09/28 | &nbsp;&nbsp;&nbsp; 120 | 111438 |
| &nbsp;&nbsp;&nbsp; 3.09%, 09/15/27 | &nbsp;&nbsp;&nbsp; 50 | 48792 |
| &nbsp;&nbsp;&nbsp; 3.39%, 05/01/29 | &nbsp;&nbsp;&nbsp; 130 | 125662 |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/01/30 | &nbsp;&nbsp;&nbsp; 150 | 149087 |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/15/29 | &nbsp;&nbsp;&nbsp; 175 | 179495 |
| Realty Income Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.10%, 03/15/28 | &nbsp;&nbsp;&nbsp; 110 | 104011 |
| &nbsp;&nbsp;&nbsp; 2.20%, 06/15/28 | &nbsp;&nbsp;&nbsp; 130 | 122462 |
| &nbsp;&nbsp;&nbsp; 3.00%, 01/15/27 | &nbsp;&nbsp;&nbsp; 245 | 240301 |
| &nbsp;&nbsp;&nbsp; 3.10%, 12/15/29 | &nbsp;&nbsp;&nbsp; 130 | 122946 |
| &nbsp;&nbsp;&nbsp; 3.25%, 06/15/29 | &nbsp;&nbsp;&nbsp; 150 | 143707 |
| &nbsp;&nbsp;&nbsp; 3.40%, 01/15/28 | &nbsp;&nbsp;&nbsp; 205 | 200452 |
| &nbsp;&nbsp;&nbsp; 3.40%, 01/15/30 | &nbsp;&nbsp;&nbsp; 150 | 143470 |
| &nbsp;&nbsp;&nbsp; 3.65%, 01/15/28 | &nbsp;&nbsp;&nbsp; 195 | 191868 |
| &nbsp;&nbsp;&nbsp; 3.95%, 08/15/27 | &nbsp;&nbsp;&nbsp; 243 | 241169 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/15/29 | &nbsp;&nbsp;&nbsp; 170 | 167137 |
| &nbsp;&nbsp;&nbsp; 4.13%, 10/15/26 | &nbsp;&nbsp;&nbsp; 220 | 219053 |
| &nbsp;&nbsp;&nbsp; 4.70%, 12/15/28 | &nbsp;&nbsp;&nbsp; 20 | 20169 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/29 | &nbsp;&nbsp;&nbsp; 155 | 156628 |
| &nbsp;&nbsp;&nbsp; 4.85%, 03/15/30 | &nbsp;&nbsp;&nbsp; 130 | 131815 |
| Regency Centers LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 06/15/30 | &nbsp;&nbsp;&nbsp; 150 | 144570 |
| &nbsp;&nbsp;&nbsp; 4.13%, 03/15/28 | &nbsp;&nbsp;&nbsp; 340 | 337611 |
| Rexford Industrial Realty LP, 5.00%, 06/15/28 | &nbsp;&nbsp;&nbsp; 115 | 115992 |
| RHP Hotel Properties LP/RHP Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194596 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/15/27 | &nbsp;&nbsp;&nbsp; 210 | 207955 |
| &nbsp;&nbsp;&nbsp; 7.25%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 139200 |
| Rithm Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 255527 |
| &nbsp;&nbsp;&nbsp; 8.00%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 147690 |
| RLJ Lodging Trust LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 07/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 195 | 192025 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 140055 |
| Sabra Health Care LP, 3.90%, 10/15/29 | &nbsp;&nbsp;&nbsp; 75 | 71445 |
| SBA Communications Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 02/01/29 | &nbsp;&nbsp;&nbsp; 450 | 419414 |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/15/27 | &nbsp;&nbsp;&nbsp; 490 | 481272 |
| Scentre Group Trust 1/Scentre Group Trust 2 |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 03/23/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 246572 |
| &nbsp;&nbsp;&nbsp; 4.38%, 05/28/30<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197648 |
| Service Properties Trust |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 01/15/28 | &nbsp;&nbsp;&nbsp; 120 | 111898 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 120 | 102319 |
| &nbsp;&nbsp;&nbsp; 4.75%, 10/01/26 | &nbsp;&nbsp;&nbsp; 150 | 147498 |
| &nbsp;&nbsp;&nbsp; 4.95%, 02/15/27 | &nbsp;&nbsp;&nbsp; 135 | 131726 |
| &nbsp;&nbsp;&nbsp; 4.95%, 10/01/29 | &nbsp;&nbsp;&nbsp; 124 | 109293 |
| &nbsp;&nbsp;&nbsp; 5.50%, 12/15/27 | &nbsp;&nbsp;&nbsp; 145 | 142924 |
| &nbsp;&nbsp;&nbsp; 8.38%, 06/15/29 | &nbsp;&nbsp;&nbsp; 210 | 218095 |
| Simon Property Group LP |  |  |
| &nbsp;&nbsp;&nbsp; 1.38%, 01/15/27 | &nbsp;&nbsp;&nbsp; 289 | 276694 |
| &nbsp;&nbsp;&nbsp; 1.75%, 02/01/28 | &nbsp;&nbsp;&nbsp; 360 | 338559 |
| &nbsp;&nbsp;&nbsp; 2.45%, 09/13/29 | &nbsp;&nbsp;&nbsp; 350 | 324827 |
| &nbsp;&nbsp;&nbsp; 2.65%, 07/15/30 | &nbsp;&nbsp;&nbsp; 200 | 183896 |
| &nbsp;&nbsp;&nbsp; 3.38%, 06/15/27 | &nbsp;&nbsp;&nbsp; 225 | 221089 |
| &nbsp;&nbsp;&nbsp; 3.38%, 12/01/27 | &nbsp;&nbsp;&nbsp; 355 | 347724 |
| Starwood Property Trust Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 175 | 172138 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 126263 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 149159 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** | **Real Estate Investment Trusts (continued)** |
| &nbsp;&nbsp;&nbsp; 7.25%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $185 | $193691 |
| Store Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/15/28 | &nbsp;&nbsp;&nbsp; 120 | 118435 |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/15/29 | &nbsp;&nbsp;&nbsp; 60 | 59089 |
| &nbsp;&nbsp;&nbsp; 5.40%, 04/30/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 116263 |
| Sun Communities Operating LP, 2.30%, 11/01/28 | &nbsp;&nbsp;&nbsp; 135 | 125808 |
| Tanger Properties LP, 3.88%, 07/15/27 | &nbsp;&nbsp;&nbsp; 50 | 49178 |
| Trust Fibra Uno, 4.87%, 01/15/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 190620 |
| UDR Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 09/01/26 | &nbsp;&nbsp;&nbsp; 20 | 19646 |
| &nbsp;&nbsp;&nbsp; 3.20%, 01/15/30 | &nbsp;&nbsp;&nbsp; 200 | 189336 |
| &nbsp;&nbsp;&nbsp; 3.50%, 07/01/27 | &nbsp;&nbsp;&nbsp; 245 | 240748 |
| &nbsp;&nbsp;&nbsp; 4.40%, 01/26/29 | &nbsp;&nbsp;&nbsp; 100 | 99782 |
| &nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Fiber Holdings Inc./CSL <br> Capital LLC, 6.00%, 01/15/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 210 | 198612 |
| &nbsp;&nbsp;&nbsp; Uniti Group LP/Uniti Group Finance 2019 Inc./CSL <br> Capital LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 165005 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 325 | 316139 |
| &nbsp;&nbsp;&nbsp; 10.50%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 683 | 721585 |
| Ventas Realty LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 01/15/30 | &nbsp;&nbsp;&nbsp; 150 | 140296 |
| &nbsp;&nbsp;&nbsp; 3.25%, 10/15/26 | &nbsp;&nbsp;&nbsp; 60 | 59036 |
| &nbsp;&nbsp;&nbsp; 3.85%, 04/01/27 | &nbsp;&nbsp;&nbsp; 100 | 98948 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/01/28 | &nbsp;&nbsp;&nbsp; 200 | 197395 |
| &nbsp;&nbsp;&nbsp; 4.40%, 01/15/29 | &nbsp;&nbsp;&nbsp; 225 | 223732 |
| VICI Properties LP |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/28 | &nbsp;&nbsp;&nbsp; 505 | 507165 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/01/28 | &nbsp;&nbsp;&nbsp; 255 | 256479 |
| &nbsp;&nbsp;&nbsp; 4.95%, 02/15/30 | &nbsp;&nbsp;&nbsp; 300 | 301449 |
| VICI Properties LP/VICI Note Co. Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 235925 |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 217762 |
| &nbsp;&nbsp;&nbsp; 4.25%, 12/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 407 | 403700 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 173 | 172151 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 60 | 59450 |
| &nbsp;&nbsp;&nbsp; 4.63%, 12/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 330 | 323557 |
| &nbsp;&nbsp;&nbsp; 5.75%, 02/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 245 | 247645 |
| WEA Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 01/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 265 | 257744 |
| &nbsp;&nbsp;&nbsp; 3.50%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 220 | 210395 |
| &nbsp;&nbsp;&nbsp; 4.13%, 09/20/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 171333 |
| Welltower OP LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.05%, 01/15/29 | &nbsp;&nbsp;&nbsp; 85 | 78640 |
| &nbsp;&nbsp;&nbsp; 2.70%, 02/15/27 | &nbsp;&nbsp;&nbsp; 239 | 233176 |
| &nbsp;&nbsp;&nbsp; 3.10%, 01/15/30 | &nbsp;&nbsp;&nbsp; 225 | 212581 |
| &nbsp;&nbsp;&nbsp; 4.13%, 03/15/29 | &nbsp;&nbsp;&nbsp; 55 | 54399 |
| &nbsp;&nbsp;&nbsp; 4.25%, 04/15/28 | &nbsp;&nbsp;&nbsp; 480 | 479102 |
| &nbsp;&nbsp;&nbsp; 4.50%, 07/01/30 | &nbsp;&nbsp;&nbsp; 250 | 249399 |
| Weyerhaeuser Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/15/29 | &nbsp;&nbsp;&nbsp; 240 | 234897 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/30 | &nbsp;&nbsp;&nbsp; 230 | 224002 |
| &nbsp;&nbsp;&nbsp; 6.95%, 10/01/27 | &nbsp;&nbsp;&nbsp; 35 | 36652 |
| WP Carey Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.85%, 07/15/29 | &nbsp;&nbsp;&nbsp; 115 | 111847 |
| &nbsp;&nbsp;&nbsp; 4.65%, 07/15/30 | &nbsp;&nbsp;&nbsp; 65 | 64576 |
| XHR LP |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 144948 |
| &nbsp;&nbsp;&nbsp; 6.63%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 122001 |
|  |  | 49626129 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail — 0.8%** | **Retail — 0.8%** | **Retail — 0.8%** |
| 1011778 BC ULC/New Red Finance Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $250 | $236863 |
| &nbsp;&nbsp;&nbsp; 3.88%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 460 | 443924 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 244385 |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 151126 |
| &nbsp;&nbsp;&nbsp; 6.13%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 357567 |
| 7-Eleven Inc., 1.30%, 02/10/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 445 | 412674 |
| Academy Ltd., 6.00%, 11/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 132 | 132085 |
| Advance Auto Parts Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 10/01/27 | &nbsp;&nbsp;&nbsp; 100 | 92088 |
| &nbsp;&nbsp;&nbsp; 3.90%, 04/15/30 | &nbsp;&nbsp;&nbsp; 150 | 135942 |
| &nbsp;&nbsp;&nbsp; 5.95%, 03/09/28 | &nbsp;&nbsp;&nbsp; 120 | 120558 |
| &nbsp;&nbsp;&nbsp; 7.00%, 08/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 85 | 85437 |
| Alimentation Couche-Tard Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.95%, 01/25/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 214528 |
| &nbsp;&nbsp;&nbsp; 3.55%, 07/26/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 245 | 240856 |
| Arko Corp., 5.13%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 106587 |
| Asbury Automotive Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/01/28 | &nbsp;&nbsp;&nbsp; 135 | 132470 |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 143966 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/01/30 | &nbsp;&nbsp;&nbsp; 210 | 201740 |
| AutoNation Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.95%, 08/01/28 | &nbsp;&nbsp;&nbsp; 155 | 143767 |
| &nbsp;&nbsp;&nbsp; 3.80%, 11/15/27 | &nbsp;&nbsp;&nbsp; 10 | 9816 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/01/30 | &nbsp;&nbsp;&nbsp; 100 | 99132 |
| AutoZone Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 06/01/27 | &nbsp;&nbsp;&nbsp; 55 | 54372 |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/18/29 | &nbsp;&nbsp;&nbsp; 100 | 97464 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/30 | &nbsp;&nbsp;&nbsp; 230 | 224105 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/01/28 | &nbsp;&nbsp;&nbsp; 265 | 265817 |
| &nbsp;&nbsp;&nbsp; 5.10%, 07/15/29 | &nbsp;&nbsp;&nbsp; 175 | 178883 |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/15/30 | &nbsp;&nbsp;&nbsp; 25 | 25550 |
| &nbsp;&nbsp;&nbsp; 6.25%, 11/01/28 | &nbsp;&nbsp;&nbsp; 170 | 179275 |
| Bath & Body Works Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 02/01/28 | &nbsp;&nbsp;&nbsp; 142 | 142284 |
| &nbsp;&nbsp;&nbsp; 6.69%, 01/15/27 | &nbsp;&nbsp;&nbsp; 95 | 97371 |
| &nbsp;&nbsp;&nbsp; 7.50%, 06/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 150 | 153622 |
| &nbsp;&nbsp;&nbsp; BCPE Ulysses Intermediate Inc., 7.75%, 04/01/27, <br> (7.75% PIK)<sup>(b)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 115 | 114980 |
| Best Buy Co. Inc., 4.45%, 10/01/28 | &nbsp;&nbsp;&nbsp; 100 | 99913 |
| &nbsp;&nbsp;&nbsp; Bloomin' Brands Inc./OSI Restaurant Partners LLC, <br> 5.13%, 04/15/29<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 100 | 93183 |
| BlueLinx Holdings Inc., 6.00%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 90 | 87608 |
| Brinker International Inc., 8.25%, 07/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 106104 |
| Carvana Co. |  |  |
| &nbsp;&nbsp;&nbsp; 9.00%, 12/01/28, (9.00% PIK)<sup>(b)(f)</sup> | &nbsp;&nbsp;&nbsp; 225 | 230546 |
| &nbsp;&nbsp;&nbsp; 9.00%, 06/01/30, (13.00% PIK)<sup>(b)(f)</sup> | &nbsp;&nbsp;&nbsp; 475 | 496893 |
| &nbsp;&nbsp;&nbsp; Chengdu Communications Investment Group Co. <br> Ltd., 4.75%, 12/13/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200239 |
| &nbsp;&nbsp;&nbsp; CK Hutchison International 24 Ltd., 5.38%, <br> 04/26/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 205676 |
| Costco Wholesale Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.38%, 06/20/27 | &nbsp;&nbsp;&nbsp; 537 | 511268 |
| &nbsp;&nbsp;&nbsp; 1.60%, 04/20/30 | &nbsp;&nbsp;&nbsp; 550 | 488909 |
| &nbsp;&nbsp;&nbsp; 3.00%, 05/18/27 | &nbsp;&nbsp;&nbsp; 277 | 271945 |
| Darden Restaurants Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.85%, 05/01/27 | &nbsp;&nbsp;&nbsp; 26 | 25713 |
| &nbsp;&nbsp;&nbsp; 4.35%, 10/15/27 | &nbsp;&nbsp;&nbsp; 120 | 119790 |
| &nbsp;&nbsp;&nbsp; 4.55%, 10/15/29 | &nbsp;&nbsp;&nbsp; 130 | 129347 |
| Dollar General Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 04/03/30 | &nbsp;&nbsp;&nbsp; 300 | 284682 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| &nbsp;&nbsp;&nbsp; 3.88%, 04/15/27 | &nbsp;&nbsp;&nbsp; $202 | $199800 |
| &nbsp;&nbsp;&nbsp; 4.13%, 05/01/28 | &nbsp;&nbsp;&nbsp; 140 | 138546 |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/01/27 | &nbsp;&nbsp;&nbsp; 275 | 275669 |
| &nbsp;&nbsp;&nbsp; 5.20%, 07/05/28 | &nbsp;&nbsp;&nbsp; 110 | 111892 |
| Dollar Tree Inc., 4.20%, 05/15/28 | &nbsp;&nbsp;&nbsp; 422 | 417981 |
| eG Global Finance PLC, 12.00%, 11/30/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 387267 |
| &nbsp;&nbsp;&nbsp; El Puerto de Liverpool SAB de CV, 3.88%, <br> 10/06/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 197646 |
| Evergreen Acqco 1 LP/TVI Inc., 9.75%, 04/26/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 162 | 168676 |
| &nbsp;&nbsp;&nbsp; Ferrellgas LP/Ferrellgas Finance Corp., 5.88%, <br> 04/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 250 | 230862 |
| &nbsp;&nbsp;&nbsp; Fertitta Entertainment LLC/Fertitta Entertainment <br> Finance Co. Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 320 | 304099 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/30<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 375 | 352823 |
| FirstCash Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 09/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 171168 |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 148582 |
| Foot Locker Inc., 4.00%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 108499 |
| &nbsp;&nbsp;&nbsp; Foundation Building Materials Inc., 6.00%, <br> 03/01/29<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 125 | 117282 |
| Gap Inc. (The), 3.63%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 215 | 198116 |
| Genuine Parts Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 08/15/29 | &nbsp;&nbsp;&nbsp; 265 | 268047 |
| &nbsp;&nbsp;&nbsp; 6.50%, 11/01/28 | &nbsp;&nbsp;&nbsp; 195 | 206313 |
| Global Auto Holdings Ltd./AAG FH U.K. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 8.38%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 149008 |
| &nbsp;&nbsp;&nbsp; 11.50%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 155 | 154515 |
| Group 1 Automotive Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 240913 |
| &nbsp;&nbsp;&nbsp; 6.38%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 127533 |
| GYP Holdings III Corp., 4.63%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 101077 |
| Home Depot Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 0.90%, 03/15/28 | &nbsp;&nbsp;&nbsp; 82 | 75510 |
| &nbsp;&nbsp;&nbsp; 1.50%, 09/15/28 | &nbsp;&nbsp;&nbsp; 267 | 246397 |
| &nbsp;&nbsp;&nbsp; 2.13%, 09/15/26 | &nbsp;&nbsp;&nbsp; 290 | 283273 |
| &nbsp;&nbsp;&nbsp; 2.50%, 04/15/27 | &nbsp;&nbsp;&nbsp; 332 | 322917 |
| &nbsp;&nbsp;&nbsp; 2.70%, 04/15/30 | &nbsp;&nbsp;&nbsp; 440 | 409261 |
| &nbsp;&nbsp;&nbsp; 2.80%, 09/14/27 | &nbsp;&nbsp;&nbsp; 435 | 422628 |
| &nbsp;&nbsp;&nbsp; 2.88%, 04/15/27 | &nbsp;&nbsp;&nbsp; 290 | 283714 |
| &nbsp;&nbsp;&nbsp; 2.95%, 06/15/29 | &nbsp;&nbsp;&nbsp; 545 | 519793 |
| &nbsp;&nbsp;&nbsp; 3.90%, 12/06/28 | &nbsp;&nbsp;&nbsp; 350 | 347541 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/25/29 | &nbsp;&nbsp;&nbsp; 415 | 421674 |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/25/27 | &nbsp;&nbsp;&nbsp; 250 | 253025 |
| &nbsp;&nbsp;&nbsp; 4.90%, 04/15/29 | &nbsp;&nbsp;&nbsp; 285 | 291168 |
| &nbsp;&nbsp;&nbsp; 4.95%, 09/30/26 | &nbsp;&nbsp;&nbsp; 255 | 256926 |
| InRetail Consumer, 3.25%, 03/22/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 191134 |
| Ken Garff Automotive LLC, 4.88%, 09/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 152 | 147984 |
| &nbsp;&nbsp;&nbsp; KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell <br> of America LLC, 4.75%, 06/01/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 270 | 268603 |
| Kohl's Corp., 10.00%, 06/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 105 | 109017 |
| LBM Acquisition LLC, 6.25%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 220 | 193108 |
| &nbsp;&nbsp;&nbsp; LCM Investments Holdings II LLC, 4.88%, <br> 05/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 315 | 306133 |
| Lithia Motors Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 06/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 217374 |
| &nbsp;&nbsp;&nbsp; 4.63%, 12/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 147768 |
| Lowe's Companies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.70%, 09/15/28 | &nbsp;&nbsp;&nbsp; 555 | 511853 |
| &nbsp;&nbsp;&nbsp; 3.10%, 05/03/27 | &nbsp;&nbsp;&nbsp; 500 | 489078 |
| &nbsp;&nbsp;&nbsp; 3.35%, 04/01/27 | &nbsp;&nbsp;&nbsp; 272 | 267425 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| &nbsp;&nbsp;&nbsp; 3.65%, 04/05/29 | &nbsp;&nbsp;&nbsp; $455 | $442998 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/15/30 | &nbsp;&nbsp;&nbsp; 350 | 351178 |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/15/29 | &nbsp;&nbsp;&nbsp; 80 | 85508 |
| Macy's Retail Holdings LLC, 5.88%, 03/15/30<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 49 | 48396 |
| McDonald's Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 03/01/30 | &nbsp;&nbsp;&nbsp; 250 | 226121 |
| &nbsp;&nbsp;&nbsp; 2.63%, 09/01/29 | &nbsp;&nbsp;&nbsp; 230 | 215296 |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/01/27 | &nbsp;&nbsp;&nbsp; 380 | 375028 |
| &nbsp;&nbsp;&nbsp; 3.50%, 07/01/27 | &nbsp;&nbsp;&nbsp; 552 | 543989 |
| &nbsp;&nbsp;&nbsp; 3.60%, 07/01/30 | &nbsp;&nbsp;&nbsp; 325 | 313525 |
| &nbsp;&nbsp;&nbsp; 3.80%, 04/01/28 | &nbsp;&nbsp;&nbsp; 117 | 115637 |
| &nbsp;&nbsp;&nbsp; 4.60%, 05/15/30 | &nbsp;&nbsp;&nbsp; 100 | 100606 |
| &nbsp;&nbsp;&nbsp; 4.80%, 08/14/28 | &nbsp;&nbsp;&nbsp; 252 | 255663 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/17/29 | &nbsp;&nbsp;&nbsp; 220 | 224792 |
| Michaels Companies Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 255 | 203775 |
| &nbsp;&nbsp;&nbsp; 7.88%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 233880 |
| Murphy Oil USA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 09/15/29 | &nbsp;&nbsp;&nbsp; 150 | 146076 |
| &nbsp;&nbsp;&nbsp; 5.63%, 05/01/27 | &nbsp;&nbsp;&nbsp; 100 | 99805 |
| Nordstrom Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/15/27 | &nbsp;&nbsp;&nbsp; 145 | 141623 |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/01/30 | &nbsp;&nbsp;&nbsp; 125 | 113887 |
| &nbsp;&nbsp;&nbsp; 6.95%, 03/15/28 | &nbsp;&nbsp;&nbsp; 100 | 102581 |
| O'Reilly Automotive Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.60%, 09/01/27 | &nbsp;&nbsp;&nbsp; 377 | 370931 |
| &nbsp;&nbsp;&nbsp; 3.90%, 06/01/29 | &nbsp;&nbsp;&nbsp; 175 | 171278 |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/20/26 | &nbsp;&nbsp;&nbsp; 120 | 121786 |
| Papa John's International Inc., 3.88%, 09/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 95870 |
| Park River Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 107989 |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 87423 |
| Patrick Industries Inc., 4.75%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 96990 |
| Penske Automotive Group Inc., 3.75%, 06/15/29 | &nbsp;&nbsp;&nbsp; 150 | 141989 |
| PetSmart Inc./PetSmart Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 395 | 387939 |
| &nbsp;&nbsp;&nbsp; 7.75%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 342507 |
| QVC Inc., 6.88%, 04/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 176 | 79237 |
| &nbsp;&nbsp;&nbsp; Raising Cane's Restaurants LLC, 9.38%, <br> 05/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 150 | 158433 |
| Saks Global Enterprises LLC, 11.00%, 12/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 645 | 149952 |
| SGUS LLC., 11.00%, 12/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 185 | 173053 |
| Sonic Automotive Inc., 4.63%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 182727 |
| &nbsp;&nbsp;&nbsp; Specialty Building Products Holdings LLC/SBP <br> Finance Corp., 7.75%, 10/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 145 | 142023 |
| Staples Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 10.75%, 09/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 720 | 674602 |
| &nbsp;&nbsp;&nbsp; 12.75%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 175907 |
| Starbucks Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 03/12/27 | &nbsp;&nbsp;&nbsp; 176 | 169346 |
| &nbsp;&nbsp;&nbsp; 2.25%, 03/12/30 | &nbsp;&nbsp;&nbsp; 200 | 180998 |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/01/28 | &nbsp;&nbsp;&nbsp; 100 | 97938 |
| &nbsp;&nbsp;&nbsp; 3.55%, 08/15/29 | &nbsp;&nbsp;&nbsp; 300 | 291506 |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/15/28 | &nbsp;&nbsp;&nbsp; 255 | 252266 |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/15/28 | &nbsp;&nbsp;&nbsp; 75 | 75238 |
| &nbsp;&nbsp;&nbsp; 4.80%, 05/15/30 | &nbsp;&nbsp;&nbsp; 75 | 75758 |
| &nbsp;&nbsp;&nbsp; 4.85%, 02/08/27 | &nbsp;&nbsp;&nbsp; 260 | 261697 |
| &nbsp;&nbsp;&nbsp; Suburban Propane Partners LP/Suburban Energy <br> Finance Corp., 5.88%, 03/01/27<br>| &nbsp;&nbsp;&nbsp; 105 | 104620 |
| &nbsp;&nbsp;&nbsp; Superior Plus LP/Superior General Partner Inc., <br> 4.50%, 03/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 180 | 171651 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| Target Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.95%, 01/15/27 | &nbsp;&nbsp;&nbsp; $425 | $411678 |
| &nbsp;&nbsp;&nbsp; 2.35%, 02/15/30 | &nbsp;&nbsp;&nbsp; 260 | 239156 |
| &nbsp;&nbsp;&nbsp; 3.38%, 04/15/29 | &nbsp;&nbsp;&nbsp; 260 | 252130 |
| &nbsp;&nbsp;&nbsp; 4.35%, 06/15/28 | &nbsp;&nbsp;&nbsp; 55 | 55153 |
| TJX Companies Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 09/15/26 | &nbsp;&nbsp;&nbsp; 265 | 259310 |
| &nbsp;&nbsp;&nbsp; 3.88%, 04/15/30 | &nbsp;&nbsp;&nbsp; 25 | 24482 |
| Victoria's Secret & Co., 4.63%, 07/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 180 | 167408 |
| &nbsp;&nbsp;&nbsp; Victra Holdings LLC/Victra Finance Corp., 8.75%, <br> 09/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 140 | 146679 |
| Walgreens Boots Alliance Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.20%, 04/15/30 | &nbsp;&nbsp;&nbsp; 155 | 150032 |
| &nbsp;&nbsp;&nbsp; 8.13%, 08/15/29 | &nbsp;&nbsp;&nbsp; 230 | 247032 |
| Walmart Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 07/08/29 | &nbsp;&nbsp;&nbsp; 240 | 232734 |
| &nbsp;&nbsp;&nbsp; 3.70%, 06/26/28 | &nbsp;&nbsp;&nbsp; 470 | 465856 |
| &nbsp;&nbsp;&nbsp; 3.90%, 04/15/28 | &nbsp;&nbsp;&nbsp; 305 | 304001 |
| &nbsp;&nbsp;&nbsp; 4.10%, 04/28/27 | &nbsp;&nbsp;&nbsp; 150 | 150067 |
| &nbsp;&nbsp;&nbsp; 4.35%, 04/28/30 | &nbsp;&nbsp;&nbsp; 195 | 195909 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/05/27 | &nbsp;&nbsp;&nbsp; 240 | 247040 |
| &nbsp;&nbsp;&nbsp; 7.55%, 02/15/30 | &nbsp;&nbsp;&nbsp; 100 | 113863 |
| White Cap Buyer LLC, 6.88%, 10/15/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199563 |
| Yum! Brands Inc., 4.75%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 221722 |
| &nbsp;&nbsp;&nbsp; Zhongsheng Group Holdings Ltd., 5.98%, <br> 01/30/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 199803 |
|  |  | 34316304 |
| **Savings & Loans — 0.1%** | **Savings & Loans — 0.1%** | **Savings & Loans — 0.1%** |
| Nationwide Building Society |  |  |
| &nbsp;&nbsp;&nbsp; 1.50%, 10/13/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 345 | 333202 |
| &nbsp;&nbsp;&nbsp; 2.97%, 02/16/28, (1-day SOFR + 1.290%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 245 | 238830 |
| &nbsp;&nbsp;&nbsp; 3.96%, 07/18/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 390 | 379842 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/14/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 265 | 262456 |
| &nbsp;&nbsp;&nbsp; 4.30%, 03/08/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 375 | 371913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 07/14/29, (1-day SOFR Index + <br> 0.900%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200125 |
| &nbsp;&nbsp;&nbsp; 4.85%, 07/27/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 277296 |
| &nbsp;&nbsp;&nbsp; 5.13%, 07/29/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 215 | 219580 |
| &nbsp;&nbsp;&nbsp; 6.56%, 10/18/27, (1-day SOFR + 1.910%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 405 | 413609 |
|  |  | 2696853 |
| **Semiconductors — 0.5%** | **Semiconductors — 0.5%** | **Semiconductors — 0.5%** |
| Advanced Micro Devices Inc., 4.32%, 03/24/28 | &nbsp;&nbsp;&nbsp; 10 | 10035 |
| Amkor Technology Inc., 6.63%, 09/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 131 | 130801 |
| ams-OSRAM AG, 12.25%, 03/30/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 145864 |
| Analog Devices Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.70%, 10/01/28 | &nbsp;&nbsp;&nbsp; 245 | 226320 |
| &nbsp;&nbsp;&nbsp; 3.45%, 06/15/27 | &nbsp;&nbsp;&nbsp; 25 | 24657 |
| &nbsp;&nbsp;&nbsp; 3.50%, 12/05/26 | &nbsp;&nbsp;&nbsp; 210 | 207771 |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/15/28 | &nbsp;&nbsp;&nbsp; 225 | 224912 |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/15/30 | &nbsp;&nbsp;&nbsp; 210 | 210353 |
| Applied Materials Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 06/01/30 | &nbsp;&nbsp;&nbsp; 200 | 177317 |
| &nbsp;&nbsp;&nbsp; 3.30%, 04/01/27 | &nbsp;&nbsp;&nbsp; 395 | 389235 |
| &nbsp;&nbsp;&nbsp; 4.80%, 06/15/29 | &nbsp;&nbsp;&nbsp; 260 | 264819 |
| Broadcom Corp./Broadcom Cayman Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 01/15/28 | &nbsp;&nbsp;&nbsp; 250 | 244615 |
| &nbsp;&nbsp;&nbsp; 3.88%, 01/15/27 | &nbsp;&nbsp;&nbsp; 910 | 902426 |
| Broadcom Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.95%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 197913 |
| &nbsp;&nbsp;&nbsp; 3.46%, 09/15/26 | &nbsp;&nbsp;&nbsp; 244 | 241619 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $240 | $236248 |
| &nbsp;&nbsp;&nbsp; 4.11%, 09/15/28 | &nbsp;&nbsp;&nbsp; 420 | 416353 |
| &nbsp;&nbsp;&nbsp; 4.15%, 02/15/28 | &nbsp;&nbsp;&nbsp; 240 | 238652 |
| &nbsp;&nbsp;&nbsp; 4.35%, 02/15/30 | &nbsp;&nbsp;&nbsp; 455 | 451746 |
| &nbsp;&nbsp;&nbsp; 4.60%, 07/15/30 | &nbsp;&nbsp;&nbsp; 365 | 365127 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/15/29 | &nbsp;&nbsp;&nbsp; 525 | 529556 |
| &nbsp;&nbsp;&nbsp; 4.80%, 04/15/28 | &nbsp;&nbsp;&nbsp; 425 | 429647 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/15/30 | &nbsp;&nbsp;&nbsp; 150 | 152790 |
| &nbsp;&nbsp;&nbsp; 5.05%, 07/12/27 | &nbsp;&nbsp;&nbsp; 415 | 420004 |
| &nbsp;&nbsp;&nbsp; 5.05%, 07/12/29 | &nbsp;&nbsp;&nbsp; 715 | 729271 |
| &nbsp;&nbsp;&nbsp; 5.05%, 04/15/30 | &nbsp;&nbsp;&nbsp; 250 | 255293 |
| Entegris Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 112557 |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 121684 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 480 | 470089 |
| &nbsp;&nbsp;&nbsp; 5.95%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 265 | 267309 |
| Foundry JV Holdco LLC, 5.90%, 01/25/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 245 | 255643 |
| Intel Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.60%, 08/12/28 | &nbsp;&nbsp;&nbsp; 270 | 247575 |
| &nbsp;&nbsp;&nbsp; 2.45%, 11/15/29 | &nbsp;&nbsp;&nbsp; 605 | 550358 |
| &nbsp;&nbsp;&nbsp; 3.15%, 05/11/27 | &nbsp;&nbsp;&nbsp; 320 | 312127 |
| &nbsp;&nbsp;&nbsp; 3.75%, 03/25/27 | &nbsp;&nbsp;&nbsp; 329 | 324512 |
| &nbsp;&nbsp;&nbsp; 3.75%, 08/05/27 | &nbsp;&nbsp;&nbsp; 450 | 443272 |
| &nbsp;&nbsp;&nbsp; 3.90%, 03/25/30 | &nbsp;&nbsp;&nbsp; 425 | 408974 |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/05/29 | &nbsp;&nbsp;&nbsp; 210 | 204362 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/10/28 | &nbsp;&nbsp;&nbsp; 520 | 523754 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/10/30 | &nbsp;&nbsp;&nbsp; 375 | 380584 |
| Kioxia Holdings Corp., 6.25%, 07/24/30 | &nbsp;&nbsp;&nbsp; 50 | 49827 |
| KLA Corp., 4.10%, 03/15/29 | &nbsp;&nbsp;&nbsp; 270 | 268408 |
| Lam Research Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.90%, 06/15/30 | &nbsp;&nbsp;&nbsp; 205 | 182417 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/15/29 | &nbsp;&nbsp;&nbsp; 340 | 336896 |
| Marvell Technology Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.45%, 04/15/28 | &nbsp;&nbsp;&nbsp; 60 | 57001 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/15/30 | &nbsp;&nbsp;&nbsp; 125 | 125086 |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/22/28 | &nbsp;&nbsp;&nbsp; 220 | 221931 |
| &nbsp;&nbsp;&nbsp; 5.75%, 02/15/29 | &nbsp;&nbsp;&nbsp; 195 | 202449 |
| Microchip Technology Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/15/28 | &nbsp;&nbsp;&nbsp; 255 | 256914 |
| &nbsp;&nbsp;&nbsp; 5.05%, 03/15/29 | &nbsp;&nbsp;&nbsp; 320 | 323501 |
| &nbsp;&nbsp;&nbsp; 5.05%, 02/15/30 | &nbsp;&nbsp;&nbsp; 300 | 303391 |
| Micron Technology Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.66%, 02/15/30 | &nbsp;&nbsp;&nbsp; 310 | 308565 |
| &nbsp;&nbsp;&nbsp; 5.33%, 02/06/29 | &nbsp;&nbsp;&nbsp; 235 | 239686 |
| &nbsp;&nbsp;&nbsp; 5.38%, 04/15/28 | &nbsp;&nbsp;&nbsp; 250 | 256271 |
| &nbsp;&nbsp;&nbsp; 6.75%, 11/01/29 | &nbsp;&nbsp;&nbsp; 465 | 500186 |
| NVIDIA Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.55%, 06/15/28 | &nbsp;&nbsp;&nbsp; 475 | 443395 |
| &nbsp;&nbsp;&nbsp; 2.85%, 04/01/30 | &nbsp;&nbsp;&nbsp; 455 | 429824 |
| &nbsp;&nbsp;&nbsp; 3.20%, 09/16/26 | &nbsp;&nbsp;&nbsp; 326 | 322367 |
| NXP BV/NXP Funding LLC, 5.55%, 12/01/28 | &nbsp;&nbsp;&nbsp; 180 | 185383 |
| NXP BV/NXP Funding LLC/NXP USA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.40%, 05/01/30 | &nbsp;&nbsp;&nbsp; 300 | 283794 |
| &nbsp;&nbsp;&nbsp; 4.30%, 06/18/29 | &nbsp;&nbsp;&nbsp; 322 | 318561 |
| &nbsp;&nbsp;&nbsp; 4.40%, 06/01/27 | &nbsp;&nbsp;&nbsp; 244 | 243524 |
| ON Semiconductor Corp., 3.88%, 09/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 241265 |
| Qorvo Inc., 4.38%, 10/15/29 | &nbsp;&nbsp;&nbsp; 285 | 276436 |
| Qualcomm Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.30%, 05/20/28 | &nbsp;&nbsp;&nbsp; 250 | 231895 |
| &nbsp;&nbsp;&nbsp; 2.15%, 05/20/30 | &nbsp;&nbsp;&nbsp; 355 | 321659 |
| &nbsp;&nbsp;&nbsp; 3.25%, 05/20/27 | &nbsp;&nbsp;&nbsp; 465 | 457920 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Semiconductors (continued)** | **Semiconductors (continued)** | **Semiconductors (continued)** |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/20/30 | &nbsp;&nbsp;&nbsp; $150 | $150728 |
| Renesas Electronics Corp., 2.17%, 11/25/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 280 | 270565 |
| SK Hynix Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/16/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 410242 |
| &nbsp;&nbsp;&nbsp; 6.38%, 01/17/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 385 | 399762 |
| Synaptics Inc., 4.00%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 117876 |
| Texas Instruments Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.13%, 09/15/26 | &nbsp;&nbsp;&nbsp; 205 | 198183 |
| &nbsp;&nbsp;&nbsp; 1.75%, 05/04/30 | &nbsp;&nbsp;&nbsp; 125 | 111209 |
| &nbsp;&nbsp;&nbsp; 2.25%, 09/04/29 | &nbsp;&nbsp;&nbsp; 260 | 240414 |
| &nbsp;&nbsp;&nbsp; 2.90%, 11/03/27 | &nbsp;&nbsp;&nbsp; 135 | 131261 |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/23/30 | &nbsp;&nbsp;&nbsp; 150 | 150679 |
| &nbsp;&nbsp;&nbsp; 4.60%, 02/08/27 | &nbsp;&nbsp;&nbsp; 115 | 115685 |
| &nbsp;&nbsp;&nbsp; 4.60%, 02/15/28 | &nbsp;&nbsp;&nbsp; 235 | 237674 |
| &nbsp;&nbsp;&nbsp; 4.60%, 02/08/29 | &nbsp;&nbsp;&nbsp; 100 | 101130 |
| TSMC Arizona Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 10/25/26 | &nbsp;&nbsp;&nbsp; 215 | 207923 |
| &nbsp;&nbsp;&nbsp; 3.88%, 04/22/27 | &nbsp;&nbsp;&nbsp; 360 | 356874 |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/22/29 | &nbsp;&nbsp;&nbsp; 200 | 198515 |
| TSMC Global Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 04/23/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 186348 |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/22/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 399525 |
| Xilinx Inc., 2.38%, 06/01/30 | &nbsp;&nbsp;&nbsp; 200 | 182709 |
|  |  | 24001998 |
| **Shipbuilding — 0.0%** | **Shipbuilding — 0.0%** | **Shipbuilding — 0.0%** |
| CSSC Capital 2015 Ltd., 3.00%, 02/13/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 186729 |
| Huntington Ingalls Industries Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.04%, 08/16/28 | &nbsp;&nbsp;&nbsp; 155 | 143720 |
| &nbsp;&nbsp;&nbsp; 3.48%, 12/01/27 | &nbsp;&nbsp;&nbsp; 225 | 219365 |
| &nbsp;&nbsp;&nbsp; 4.20%, 05/01/30 | &nbsp;&nbsp;&nbsp; 150 | 145987 |
| &nbsp;&nbsp;&nbsp; 5.35%, 01/15/30 | &nbsp;&nbsp;&nbsp; 155 | 158401 |
|  |  | 854202 |
| **Software — 0.7%** | **Software — 0.7%** | **Software — 0.7%** |
| Adobe Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.15%, 02/01/27 | &nbsp;&nbsp;&nbsp; 75 | 72848 |
| &nbsp;&nbsp;&nbsp; 2.30%, 02/01/30 | &nbsp;&nbsp;&nbsp; 395 | 362551 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/17/28 | &nbsp;&nbsp;&nbsp; 235 | 238327 |
| &nbsp;&nbsp;&nbsp; 4.80%, 04/04/29 | &nbsp;&nbsp;&nbsp; 235 | 239793 |
| &nbsp;&nbsp;&nbsp; 4.85%, 04/04/27 | &nbsp;&nbsp;&nbsp; 160 | 161830 |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/17/30 | &nbsp;&nbsp;&nbsp; 200 | 205451 |
| AppLovin Corp., 5.13%, 12/01/29 | &nbsp;&nbsp;&nbsp; 305 | 308507 |
| AthenaHealth Group Inc., 6.50%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 700 | 688177 |
| Atlassian Corp., 5.25%, 05/15/29 | &nbsp;&nbsp;&nbsp; 105 | 107092 |
| Autodesk Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.85%, 01/15/30 | &nbsp;&nbsp;&nbsp; 150 | 139901 |
| &nbsp;&nbsp;&nbsp; 3.50%, 06/15/27 | &nbsp;&nbsp;&nbsp; 115 | 113192 |
| &nbsp;&nbsp;&nbsp; Broadridge Financial Solutions Inc., 2.90%, <br> 12/01/29<br>| &nbsp;&nbsp;&nbsp; 60 | 56003 |
| Cadence Design Systems Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.20%, 09/10/27 | &nbsp;&nbsp;&nbsp; 80 | 79927 |
| &nbsp;&nbsp;&nbsp; 4.30%, 09/10/29 | &nbsp;&nbsp;&nbsp; 335 | 333900 |
| Camelot Finance SA, 4.50%, 11/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 60 | 59220 |
| Capstone Borrower Inc., 8.00%, 06/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 230 | 239376 |
| &nbsp;&nbsp;&nbsp; Central Parent Inc./CDK Global Inc., 7.25%, <br> 06/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 225 | 185412 |
| &nbsp;&nbsp;&nbsp; Central Parent LLC/CDK Global II LLC/CDK <br> Financing Co. Inc., 8.00%, 06/15/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 225 | 190860 |
| Cloud Software Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 03/31/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1155 | 1166532 |
| &nbsp;&nbsp;&nbsp; 9.00%, 09/30/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1120 | 1159062 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| Concentrix Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.60%, 08/02/28 | &nbsp;&nbsp;&nbsp; $275 | $287980 |
| &nbsp;&nbsp;&nbsp; 6.65%, 08/02/26 | &nbsp;&nbsp;&nbsp; 230 | 233756 |
| Consensus Cloud Solutions Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 10/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 80 | 79647 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 114415 |
| &nbsp;&nbsp;&nbsp; Constellation Software Inc./Canada, 5.16%, <br> 02/16/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 125 | 126947 |
| CoreWeave Inc., 9.25%, 06/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 600 | 603049 |
| Dun & Bradstreet Corp. (The), 5.00%, 12/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 138119 |
| Dye & Durham Ltd., 8.63%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 185 | 192778 |
| Elastic NV, 4.13%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 161652 |
| Ellucian Holdings Inc., 6.50%, 12/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 207874 |
| Fair Isaac Corp., 4.00%, 06/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 289916 |
| Fidelity National Information Services Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.65%, 03/01/28 | &nbsp;&nbsp;&nbsp; 185 | 172498 |
| &nbsp;&nbsp;&nbsp; 3.75%, 05/21/29 | &nbsp;&nbsp;&nbsp; 120 | 116463 |
| Fiserv Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 06/01/27 | &nbsp;&nbsp;&nbsp; 397 | 381743 |
| &nbsp;&nbsp;&nbsp; 2.65%, 06/01/30 | &nbsp;&nbsp;&nbsp; 300 | 273510 |
| &nbsp;&nbsp;&nbsp; 3.50%, 07/01/29 | &nbsp;&nbsp;&nbsp; 860 | 824963 |
| &nbsp;&nbsp;&nbsp; 4.20%, 10/01/28 | &nbsp;&nbsp;&nbsp; 299 | 296041 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/15/30 | &nbsp;&nbsp;&nbsp; 250 | 250480 |
| &nbsp;&nbsp;&nbsp; 5.15%, 03/15/27 | &nbsp;&nbsp;&nbsp; 150 | 151434 |
| &nbsp;&nbsp;&nbsp; 5.38%, 08/21/28 | &nbsp;&nbsp;&nbsp; 210 | 214987 |
| &nbsp;&nbsp;&nbsp; 5.45%, 03/02/28 | &nbsp;&nbsp;&nbsp; 290 | 296345 |
| &nbsp;&nbsp;&nbsp; Helios Software Holdings Inc./ION Corporate <br> Solutions Finance SARL<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 80 | 75534 |
| &nbsp;&nbsp;&nbsp; 8.75%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204083 |
| Intuit Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.35%, 07/15/27 | &nbsp;&nbsp;&nbsp; 105 | 99543 |
| &nbsp;&nbsp;&nbsp; 5.13%, 09/15/28 | &nbsp;&nbsp;&nbsp; 305 | 312959 |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/15/26 | &nbsp;&nbsp;&nbsp; 245 | 247278 |
| Microsoft Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.40%, 08/08/26 | &nbsp;&nbsp;&nbsp; 993 | 975186 |
| &nbsp;&nbsp;&nbsp; 3.30%, 02/06/27 | &nbsp;&nbsp;&nbsp; 1275 | 1260827 |
| &nbsp;&nbsp;&nbsp; 3.40%, 09/15/26 | &nbsp;&nbsp;&nbsp; 243 | 241099 |
| &nbsp;&nbsp;&nbsp; 3.40%, 06/15/27 | &nbsp;&nbsp;&nbsp; 115 | 114118 |
| MSCI Inc., 4.00%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 335 | 323853 |
| Open Text Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 270 | 260121 |
| &nbsp;&nbsp;&nbsp; 3.88%, 12/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 255 | 238674 |
| &nbsp;&nbsp;&nbsp; 6.90%, 12/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 340 | 351097 |
| Open Text Holdings Inc., 4.13%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 257376 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.30%, 03/25/28 | &nbsp;&nbsp;&nbsp; 550 | 520668 |
| &nbsp;&nbsp;&nbsp; 2.80%, 04/01/27 | &nbsp;&nbsp;&nbsp; 580 | 564256 |
| &nbsp;&nbsp;&nbsp; 2.95%, 04/01/30 | &nbsp;&nbsp;&nbsp; 1000 | 930470 |
| &nbsp;&nbsp;&nbsp; 3.25%, 11/15/27 | &nbsp;&nbsp;&nbsp; 940 | 914932 |
| &nbsp;&nbsp;&nbsp; 3.25%, 05/15/30 | &nbsp;&nbsp;&nbsp; 100 | 94219 |
| &nbsp;&nbsp;&nbsp; 4.20%, 09/27/29 | &nbsp;&nbsp;&nbsp; 480 | 474370 |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/06/28 | &nbsp;&nbsp;&nbsp; 255 | 255610 |
| &nbsp;&nbsp;&nbsp; 4.65%, 05/06/30 | &nbsp;&nbsp;&nbsp; 240 | 240838 |
| &nbsp;&nbsp;&nbsp; 4.80%, 08/03/28 | &nbsp;&nbsp;&nbsp; 505 | 510390 |
| &nbsp;&nbsp;&nbsp; 6.15%, 11/09/29 | &nbsp;&nbsp;&nbsp; 415 | 440021 |
| Paychex Inc., 5.10%, 04/15/30 | &nbsp;&nbsp;&nbsp; 470 | 480153 |
| Playtika Holding Corp., 4.25%, 03/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 180 | 165043 |
| PTC Inc., 4.00%, 02/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 163 | 158796 |
| ROBLOX Corp., 3.88%, 05/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 282064 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| Rocket Software Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $200 | $194401 |
| &nbsp;&nbsp;&nbsp; 9.00%, 11/28/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 260 | 268297 |
| Roper Technologies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.40%, 09/15/27 | &nbsp;&nbsp;&nbsp; 315 | 296156 |
| &nbsp;&nbsp;&nbsp; 2.00%, 06/30/30 | &nbsp;&nbsp;&nbsp; 200 | 177006 |
| &nbsp;&nbsp;&nbsp; 2.95%, 09/15/29 | &nbsp;&nbsp;&nbsp; 190 | 178677 |
| &nbsp;&nbsp;&nbsp; 3.80%, 12/15/26 | &nbsp;&nbsp;&nbsp; 110 | 109008 |
| &nbsp;&nbsp;&nbsp; 4.20%, 09/15/28 | &nbsp;&nbsp;&nbsp; 85 | 84374 |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/15/29 | &nbsp;&nbsp;&nbsp; 195 | 194398 |
| Salesforce Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.50%, 07/15/28 | &nbsp;&nbsp;&nbsp; 230 | 213844 |
| &nbsp;&nbsp;&nbsp; 3.70%, 04/11/28 | &nbsp;&nbsp;&nbsp; 540 | 534584 |
| SS&C Technologies Inc., 5.50%, 09/30/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 595 | 595030 |
| Synopsys Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.55%, 04/01/27 | &nbsp;&nbsp;&nbsp; 545 | 545697 |
| &nbsp;&nbsp;&nbsp; 4.65%, 04/01/28 | &nbsp;&nbsp;&nbsp; 260 | 261801 |
| &nbsp;&nbsp;&nbsp; 4.85%, 04/01/30 | &nbsp;&nbsp;&nbsp; 640 | 647232 |
| Take-Two Interactive Software Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 04/14/27 | &nbsp;&nbsp;&nbsp; 297 | 293339 |
| &nbsp;&nbsp;&nbsp; 4.95%, 03/28/28 | &nbsp;&nbsp;&nbsp; 265 | 268438 |
| &nbsp;&nbsp;&nbsp; 5.40%, 06/12/29 | &nbsp;&nbsp;&nbsp; 80 | 82223 |
| Twilio Inc., 3.63%, 03/15/29 | &nbsp;&nbsp;&nbsp; 150 | 141974 |
| VMware LLC |  |  |
| &nbsp;&nbsp;&nbsp; 1.40%, 08/15/26 | &nbsp;&nbsp;&nbsp; 495 | 479513 |
| &nbsp;&nbsp;&nbsp; 1.80%, 08/15/28 | &nbsp;&nbsp;&nbsp; 250 | 230997 |
| &nbsp;&nbsp;&nbsp; 3.90%, 08/21/27 | &nbsp;&nbsp;&nbsp; 430 | 425004 |
| &nbsp;&nbsp;&nbsp; 4.65%, 05/15/27 | &nbsp;&nbsp;&nbsp; 140 | 140431 |
| &nbsp;&nbsp;&nbsp; 4.70%, 05/15/30 | &nbsp;&nbsp;&nbsp; 200 | 199966 |
| West Technology Group LLC, 8.50%, 04/10/27<sup>(b)(e)</sup> | &nbsp;&nbsp;&nbsp; 149 | 41657 |
| Workday Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 04/01/27 | &nbsp;&nbsp;&nbsp; 350 | 344465 |
| &nbsp;&nbsp;&nbsp; 3.70%, 04/01/29 | &nbsp;&nbsp;&nbsp; 225 | 219267 |
| &nbsp;&nbsp;&nbsp; ZoomInfo Technologies LLC/ZoomInfo Finance <br> Corp., 3.88%, 02/01/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 188015 |
|  |  | 29871930 |
| **Telecommunications — 1.0%** | **Telecommunications — 1.0%** | **Telecommunications — 1.0%** |
| Altice Financing SA |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 365 | 292655 |
| &nbsp;&nbsp;&nbsp; 5.75%, 08/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 660 | 505265 |
| &nbsp;&nbsp;&nbsp; 9.63%, 07/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 110 | 100979 |
| Altice France SA |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 145 | 127008 |
| &nbsp;&nbsp;&nbsp; 5.13%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 750 | 654949 |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 325 | 289000 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 625 | 543056 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/15/28<sup>(b)(j)(k)</sup> | &nbsp;&nbsp;&nbsp; 320 | 117666 |
| &nbsp;&nbsp;&nbsp; 8.13%, 02/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 520 | 484349 |
| America Movil SAB de CV |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 05/07/30 | &nbsp;&nbsp;&nbsp; 200 | 183940 |
| &nbsp;&nbsp;&nbsp; 3.63%, 04/22/29 | &nbsp;&nbsp;&nbsp; 320 | 308819 |
| AT&T Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.65%, 02/01/28 | &nbsp;&nbsp;&nbsp; 785 | 734907 |
| &nbsp;&nbsp;&nbsp; 2.30%, 06/01/27 | &nbsp;&nbsp;&nbsp; 791 | 761667 |
| &nbsp;&nbsp;&nbsp; 2.95%, 07/15/26 | &nbsp;&nbsp;&nbsp; 128 | 126217 |
| &nbsp;&nbsp;&nbsp; 3.80%, 02/15/27 | &nbsp;&nbsp;&nbsp; 235 | 232774 |
| &nbsp;&nbsp;&nbsp; 4.10%, 02/15/28 | &nbsp;&nbsp;&nbsp; 535 | 531141 |
| &nbsp;&nbsp;&nbsp; 4.25%, 03/01/27 | &nbsp;&nbsp;&nbsp; 557 | 555140 |
| &nbsp;&nbsp;&nbsp; 4.30%, 02/15/30 | &nbsp;&nbsp;&nbsp; 965 | 957627 |
| &nbsp;&nbsp;&nbsp; 4.35%, 03/01/29 | &nbsp;&nbsp;&nbsp; 900 | 897195 |
| &nbsp;&nbsp;&nbsp; 4.70%, 08/15/30 | &nbsp;&nbsp;&nbsp; 375 | 377880 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| British Telecommunications PLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 11/08/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $155 | $146918 |
| &nbsp;&nbsp;&nbsp; 4.25%, 11/23/81, (5-year CMT + 2.985%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 148054 |
| &nbsp;&nbsp;&nbsp; 5.13%, 12/04/28 | &nbsp;&nbsp;&nbsp; 200 | 203411 |
| Ciena Corp., 4.00%, 01/31/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 118059 |
| Cisco Systems Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 09/20/26 | &nbsp;&nbsp;&nbsp; 450 | 441598 |
| &nbsp;&nbsp;&nbsp; 4.55%, 02/24/28 | &nbsp;&nbsp;&nbsp; 260 | 262502 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/24/30 | &nbsp;&nbsp;&nbsp; 345 | 350684 |
| &nbsp;&nbsp;&nbsp; 4.80%, 02/26/27 | &nbsp;&nbsp;&nbsp; 470 | 474235 |
| &nbsp;&nbsp;&nbsp; 4.85%, 02/26/29 | &nbsp;&nbsp;&nbsp; 770 | 785402 |
| CommScope LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 09/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 273 | 265195 |
| &nbsp;&nbsp;&nbsp; 7.13%, 07/01/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 207 | 204943 |
| &nbsp;&nbsp;&nbsp; 8.25%, 03/01/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 295 | 295158 |
| CommScope Technologies LLC, 5.00%, 03/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 215 | 210446 |
| &nbsp;&nbsp;&nbsp; Connect Finco SARL/Connect U.S. Finco LLC, <br> 9.00%, 09/15/29<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 585 | 590719 |
| &nbsp;&nbsp;&nbsp; Consolidated Communications Inc., 6.50%, <br> 10/01/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 250 | 253900 |
| Deutsche Telekom International Finance BV |  |  |
| &nbsp;&nbsp;&nbsp; 3.60%, 01/19/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 207136 |
| &nbsp;&nbsp;&nbsp; 4.38%, 06/21/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 305 | 305143 |
| &nbsp;&nbsp;&nbsp; 8.75%, 06/15/30 | &nbsp;&nbsp;&nbsp; 1000 | 1172683 |
| EchoStar Corp., 10.75%, 11/30/29 | &nbsp;&nbsp;&nbsp; 1575 | 1659633 |
| &nbsp;&nbsp;&nbsp; Empresa Nacional de Telecomunicaciones SA, <br> 4.75%, 08/01/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 199836 |
| Frontier Communications Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 575 | 574704 |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 335 | 335083 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/01/29 | &nbsp;&nbsp;&nbsp; 250 | 252263 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 101179 |
| &nbsp;&nbsp;&nbsp; 6.75%, 05/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 350 | 353432 |
| Frontier Florida LLC, Series E, 6.86%, 02/01/28 | &nbsp;&nbsp;&nbsp; 100 | 104212 |
| Frontier North Inc., Series G, 6.73%, 02/15/28 | &nbsp;&nbsp;&nbsp; 60 | 61775 |
| GCI LLC, 4.75%, 10/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 173687 |
| &nbsp;&nbsp;&nbsp; Globe Telecom Inc., 4.20%, (5-year CMT + <br> 5.527%)<sup>(a)(d)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 197259 |
| GoTo Group Inc., 5.50%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 249 | 143180 |
| HKT Capital No. 5 Ltd., 3.25%, 09/30/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 190128 |
| Hughes Satellite Systems Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 08/01/26 | &nbsp;&nbsp;&nbsp; 200 | 184887 |
| &nbsp;&nbsp;&nbsp; 6.63%, 08/01/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 215 | 163328 |
| Iliad Holding SASU, 7.00%, 10/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 279116 |
| Juniper Networks Inc., 3.75%, 08/15/29 | &nbsp;&nbsp;&nbsp; 130 | 125802 |
| KT Corp., 4.13%, 02/02/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197886 |
| Level 3 Financing Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 85069 |
| &nbsp;&nbsp;&nbsp; 3.75%, 07/15/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 145 | 121530 |
| &nbsp;&nbsp;&nbsp; 4.25%, 07/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 104777 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 179958 |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 258536 |
| &nbsp;&nbsp;&nbsp; 11.00%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 402 | 457118 |
| &nbsp;&nbsp;&nbsp; Liquid Telecommunications Financing PLC, 5.50%, <br> 09/04/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 171204 |
| Lumen Technologies Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 121902 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 125 | 113502 |
| &nbsp;&nbsp;&nbsp; 5.38%, 06/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 70 | 62712 |
| &nbsp;&nbsp;&nbsp; Millicom International Cellular SA, 6.25%, <br> 03/25/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 180 | 179934 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| Motorola Solutions Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 02/23/28 | &nbsp;&nbsp;&nbsp; $245 | $245975 |
| &nbsp;&nbsp;&nbsp; 4.60%, 05/23/29 | &nbsp;&nbsp;&nbsp; 275 | 275784 |
| &nbsp;&nbsp;&nbsp; 4.85%, 08/15/30 | &nbsp;&nbsp;&nbsp; 100 | 100678 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/15/29 | &nbsp;&nbsp;&nbsp; 100 | 101398 |
| MTN Mauritius Investments Ltd., 6.50%, 10/13/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201088 |
| NBN Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 1.63%, 01/08/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 140 | 134527 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 220 | 217842 |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198095 |
| &nbsp;&nbsp;&nbsp; 5.75%, 10/06/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 475 | 493277 |
| Nokia OYJ, 4.38%, 06/12/27 | &nbsp;&nbsp;&nbsp; 205 | 203152 |
| NTT Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.59%, 04/03/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 220 | 203972 |
| &nbsp;&nbsp;&nbsp; 4.37%, 07/27/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 210 | 209454 |
| &nbsp;&nbsp;&nbsp; 4.57%, 07/16/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 255 | 255271 |
| &nbsp;&nbsp;&nbsp; 4.62%, 07/16/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200447 |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/16/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 755 | 759169 |
| &nbsp;&nbsp;&nbsp; 5.10%, 07/02/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202126 |
| &nbsp;&nbsp;&nbsp; 5.11%, 07/02/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203277 |
| Oztel Holdings SPC Ltd., 6.63%, 04/24/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208421 |
| &nbsp;&nbsp;&nbsp; PT Tower Bersama Infrastructure Tbk, 2.80%, <br> 05/02/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 193402 |
| Rogers Communications Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.90%, 11/15/26 | &nbsp;&nbsp;&nbsp; 125 | 122175 |
| &nbsp;&nbsp;&nbsp; 3.20%, 03/15/27 | &nbsp;&nbsp;&nbsp; 515 | 504349 |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/29 | &nbsp;&nbsp;&nbsp; 370 | 374618 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/15/82, (5-year CMT + 3.590%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 260 | 256917 |
| &nbsp;&nbsp;&nbsp; 7.00%, 04/15/55, (5-year CMT + 2.653%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 102372 |
| Saudi Telecom Co., 3.89%, 05/13/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 390101 |
| SingTel Group Treasury Pte Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 1.88%, 06/10/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 179152 |
| &nbsp;&nbsp;&nbsp; 2.38%, 08/28/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 371773 |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/28/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197485 |
| Sitios Latinoamerica SAB de CV, 6.00%, 11/25/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205003 |
| SoftBank Corp., 4.70%, 07/09/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199286 |
| Sprint Capital Corp., 6.88%, 11/15/28 | &nbsp;&nbsp;&nbsp; 680 | 726962 |
| &nbsp;&nbsp;&nbsp; Sprint Spectrum Co. LLC/Sprint Spectrum Co. <br> II LLC/Sprint Spectrum Co. III LLC, 5.15%, <br> 09/20/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 286 | 286876 |
| Sunrise HoldCo IV BV, 5.50%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 148902 |
| Telefonica Emisiones SA, 4.10%, 03/08/27 | &nbsp;&nbsp;&nbsp; 442 | 438596 |
| Telesat Canada/Telesat LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/01/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 80 | 49675 |
| &nbsp;&nbsp;&nbsp; 5.63%, 12/06/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 175 | 111528 |
| TELUS Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.80%, 02/16/27 | &nbsp;&nbsp;&nbsp; 145 | 141305 |
| &nbsp;&nbsp;&nbsp; 3.70%, 09/15/27 | &nbsp;&nbsp;&nbsp; 89 | 87468 |
| T-Mobile USA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.05%, 02/15/28 | &nbsp;&nbsp;&nbsp; 628 | 592842 |
| &nbsp;&nbsp;&nbsp; 2.40%, 03/15/29 | &nbsp;&nbsp;&nbsp; 125 | 116207 |
| &nbsp;&nbsp;&nbsp; 2.63%, 02/15/29 | &nbsp;&nbsp;&nbsp; 390 | 366044 |
| &nbsp;&nbsp;&nbsp; 3.38%, 04/15/29 | &nbsp;&nbsp;&nbsp; 755 | 725492 |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/15/27 | &nbsp;&nbsp;&nbsp; 1214 | 1199875 |
| &nbsp;&nbsp;&nbsp; 3.88%, 04/15/30 | &nbsp;&nbsp;&nbsp; 2105 | 2041775 |
| &nbsp;&nbsp;&nbsp; 4.20%, 10/01/29 | &nbsp;&nbsp;&nbsp; 240 | 237495 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/01/28 | &nbsp;&nbsp;&nbsp; 99 | 99119 |
| &nbsp;&nbsp;&nbsp; 4.80%, 07/15/28 | &nbsp;&nbsp;&nbsp; 330 | 333963 |
| &nbsp;&nbsp;&nbsp; 4.85%, 01/15/29 | &nbsp;&nbsp;&nbsp; 250 | 253026 |
| &nbsp;&nbsp;&nbsp; 4.95%, 03/15/28 | &nbsp;&nbsp;&nbsp; 425 | 430200 |
| &nbsp;&nbsp;&nbsp; 5.38%, 04/15/27 | &nbsp;&nbsp;&nbsp; 144 | 144090 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Telecommunications (continued)** | **Telecommunications (continued)** | **Telecommunications (continued)** |
| Turk Telekomunikasyon AS, 7.38%, 05/20/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; $200 | $206135 |
| Turkcell Iletisim Hizmetleri AS, 7.45%, 01/24/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205974 |
| Verizon Communications Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.10%, 03/22/28 | &nbsp;&nbsp;&nbsp; 680 | 642843 |
| &nbsp;&nbsp;&nbsp; 3.00%, 03/22/27 | &nbsp;&nbsp;&nbsp; 194 | 189826 |
| &nbsp;&nbsp;&nbsp; 3.15%, 03/22/30 | &nbsp;&nbsp;&nbsp; 445 | 419652 |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/08/29 | &nbsp;&nbsp;&nbsp; 396 | 389786 |
| &nbsp;&nbsp;&nbsp; 4.02%, 12/03/29 | &nbsp;&nbsp;&nbsp; 1110 | 1090625 |
| &nbsp;&nbsp;&nbsp; 4.33%, 09/21/28 | &nbsp;&nbsp;&nbsp; 1270 | 1268387 |
| Viasat Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 220 | 219195 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 113351 |
| Viavi Solutions Inc., 3.75%, 10/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 130 | 120451 |
| Vodafone Group PLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 06/04/81, (5-year CMT + 2.447%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 250 | 244685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 04/04/79, (5-year USD Swap + <br> 4.873%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 630 | 659464 |
| &nbsp;&nbsp;&nbsp; 7.88%, 02/15/30 | &nbsp;&nbsp;&nbsp; 150 | 170238 |
| &nbsp;&nbsp;&nbsp; Xiaomi Best Time International Ltd., 3.38%, <br> 04/29/30<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 190042 |
| Zayo Group Holdings Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 450 | 427844 |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 330 | 297996 |
| Zegona Finance PLC, 8.63%, 07/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 292929 |
|  |  | 45563501 |
| **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** | **Toys, Games & Hobbies — 0.0%** |
| Hasbro Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 09/15/27 | &nbsp;&nbsp;&nbsp; 20 | 19577 |
| &nbsp;&nbsp;&nbsp; 3.55%, 11/19/26 | &nbsp;&nbsp;&nbsp; 190 | 187419 |
| &nbsp;&nbsp;&nbsp; 3.90%, 11/19/29 | &nbsp;&nbsp;&nbsp; 285 | 274705 |
| Mattel Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 191709 |
| &nbsp;&nbsp;&nbsp; 5.88%, 12/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 160 | 160242 |
|  |  | 833652 |
| **Transportation — 0.3%** | **Transportation — 0.3%** | **Transportation — 0.3%** |
| AP Moller - Maersk A/S, 4.50%, 06/20/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 120 | 120660 |
| Beacon Mobility Corp., 7.25%, 08/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 101884 |
| Brightline East LLC, 11.00%, 01/31/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 335 | 218908 |
| Burlington Northern Santa Fe LLC, 3.25%, 06/15/27 | &nbsp;&nbsp;&nbsp; 180 | 176943 |
| Canadian National Railway Co., 6.90%, 07/15/28 | &nbsp;&nbsp;&nbsp; 185 | 198029 |
| Canadian Pacific Railway Co. |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 12/02/26 | &nbsp;&nbsp;&nbsp; 356 | 343655 |
| &nbsp;&nbsp;&nbsp; 2.05%, 03/05/30 | &nbsp;&nbsp;&nbsp; 150 | 134641 |
| &nbsp;&nbsp;&nbsp; 2.88%, 11/15/29 | &nbsp;&nbsp;&nbsp; 55 | 51452 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/01/28 | &nbsp;&nbsp;&nbsp; 205 | 203017 |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/30/30 | &nbsp;&nbsp;&nbsp; 175 | 177204 |
| CH Robinson Worldwide Inc., 4.20%, 04/15/28 | &nbsp;&nbsp;&nbsp; 240 | 238899 |
| CSX Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.40%, 02/15/30 | &nbsp;&nbsp;&nbsp; 100 | 92051 |
| &nbsp;&nbsp;&nbsp; 2.60%, 11/01/26 | &nbsp;&nbsp;&nbsp; 185 | 181114 |
| &nbsp;&nbsp;&nbsp; 3.25%, 06/01/27 | &nbsp;&nbsp;&nbsp; 315 | 309020 |
| &nbsp;&nbsp;&nbsp; 3.80%, 03/01/28 | &nbsp;&nbsp;&nbsp; 320 | 316241 |
| &nbsp;&nbsp;&nbsp; 4.25%, 03/15/29 | &nbsp;&nbsp;&nbsp; 225 | 224186 |
| Danaos Corp., 8.50%, 03/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 75 | 76222 |
| FedEx Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.10%, 08/05/29 | &nbsp;&nbsp;&nbsp; 295 | 279066 |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195534 |
| &nbsp;&nbsp;&nbsp; First Student Bidco Inc./First Transit Parent Inc., <br> 4.00%, 07/31/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 150 | 141578 |
| Georgian Railway JSC, 4.00%, 06/17/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 183643 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Transportation (continued)** | **Transportation (continued)** | **Transportation (continued)** |
| Indian Railway Finance Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 02/13/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; $200 | $187498 |
| &nbsp;&nbsp;&nbsp; 3.84%, 12/13/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196169 |
| JB Hunt Transport Services Inc., 4.90%, 03/15/30 | &nbsp;&nbsp;&nbsp; 245 | 248182 |
| Kirby Corp., 4.20%, 03/01/28 | &nbsp;&nbsp;&nbsp; 140 | 138413 |
| Misc Capital Two Labuan Ltd., 3.75%, 04/06/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196860 |
| MTR Corp. CI Ltd., 2.50%, 11/02/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195698 |
| MTR Corp. Ltd., 4.38%, 04/01/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202209 |
| Norfolk Southern Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.15%, 06/01/27 | &nbsp;&nbsp;&nbsp; 155 | 151617 |
| &nbsp;&nbsp;&nbsp; 3.80%, 08/01/28 | &nbsp;&nbsp;&nbsp; 249 | 245414 |
| &nbsp;&nbsp;&nbsp; 7.80%, 05/15/27 | &nbsp;&nbsp;&nbsp; 85 | 89960 |
| &nbsp;&nbsp;&nbsp; Pacific National Finance Pty. Ltd., 4.75%, <br> 03/22/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 194589 |
| Rand Parent LLC, 8.50%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 250 | 251387 |
| Rumo Luxembourg SARL, 5.25%, 01/10/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198735 |
| RXO Inc., 7.50%, 11/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 115 | 117372 |
| Ryder System Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 09/01/26 | &nbsp;&nbsp;&nbsp; 110 | 106719 |
| &nbsp;&nbsp;&nbsp; 2.85%, 03/01/27 | &nbsp;&nbsp;&nbsp; 140 | 136368 |
| &nbsp;&nbsp;&nbsp; 2.90%, 12/01/26 | &nbsp;&nbsp;&nbsp; 135 | 131917 |
| &nbsp;&nbsp;&nbsp; 4.30%, 06/15/27 | &nbsp;&nbsp;&nbsp; 110 | 109682 |
| &nbsp;&nbsp;&nbsp; 4.85%, 06/15/30 | &nbsp;&nbsp;&nbsp; 125 | 125733 |
| &nbsp;&nbsp;&nbsp; 4.90%, 12/01/29 | &nbsp;&nbsp;&nbsp; 55 | 55629 |
| &nbsp;&nbsp;&nbsp; 4.95%, 09/01/29 | &nbsp;&nbsp;&nbsp; 80 | 81043 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/30 | &nbsp;&nbsp;&nbsp; 115 | 116467 |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/01/28 | &nbsp;&nbsp;&nbsp; 200 | 204375 |
| &nbsp;&nbsp;&nbsp; 5.30%, 03/15/27 | &nbsp;&nbsp;&nbsp; 90 | 91008 |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/15/29 | &nbsp;&nbsp;&nbsp; 155 | 159002 |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/01/29 | &nbsp;&nbsp;&nbsp; 60 | 61967 |
| &nbsp;&nbsp;&nbsp; 5.65%, 03/01/28 | &nbsp;&nbsp;&nbsp; 205 | 211104 |
| &nbsp;&nbsp;&nbsp; 6.30%, 12/01/28 | &nbsp;&nbsp;&nbsp; 160 | 168998 |
| Sats Treasury Pte Ltd., 4.83%, 01/23/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202702 |
| Seaspan Corp., 5.50%, 08/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 190361 |
| SF Holding Investment Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.38%, 11/17/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194648 |
| &nbsp;&nbsp;&nbsp; 2.88%, 02/20/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 186541 |
| Star Leasing Co. LLC, 7.63%, 02/15/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 170 | 167774 |
| Transnet SOC Ltd., 8.25%, 02/06/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 416371 |
| Union Pacific Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.15%, 02/05/27 | &nbsp;&nbsp;&nbsp; 70 | 67814 |
| &nbsp;&nbsp;&nbsp; 3.00%, 04/15/27 | &nbsp;&nbsp;&nbsp; 140 | 136990 |
| &nbsp;&nbsp;&nbsp; 3.70%, 03/01/29 | &nbsp;&nbsp;&nbsp; 285 | 279292 |
| &nbsp;&nbsp;&nbsp; 3.95%, 09/10/28 | &nbsp;&nbsp;&nbsp; 385 | 381649 |
| &nbsp;&nbsp;&nbsp; 6.63%, 02/01/29 | &nbsp;&nbsp;&nbsp; 160 | 171928 |
| United Parcel Service Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.40%, 11/15/26 | &nbsp;&nbsp;&nbsp; 65 | 63465 |
| &nbsp;&nbsp;&nbsp; 2.50%, 09/01/29 | &nbsp;&nbsp;&nbsp; 70 | 65274 |
| &nbsp;&nbsp;&nbsp; 3.05%, 11/15/27 | &nbsp;&nbsp;&nbsp; 450 | 438688 |
| &nbsp;&nbsp;&nbsp; 3.40%, 03/15/29 | &nbsp;&nbsp;&nbsp; 235 | 228344 |
| &nbsp;&nbsp;&nbsp; 4.45%, 04/01/30 | &nbsp;&nbsp;&nbsp; 230 | 231428 |
| Walmart Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.05%, 09/17/26 | &nbsp;&nbsp;&nbsp; 515 | 497786 |
| &nbsp;&nbsp;&nbsp; 1.50%, 09/22/28 | &nbsp;&nbsp;&nbsp; 685 | 633163 |
| &nbsp;&nbsp;&nbsp; 3.95%, 09/09/27 | &nbsp;&nbsp;&nbsp; 245 | 244467 |
| XPO Inc., 6.25%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 279477 |
| &nbsp;&nbsp;&nbsp; Zhengzhou Transportation Development Investment <br> Group Co. Ltd., 4.75%, 10/31/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 199861 |
|  |  | 13616085 |
| **Trucking & Leasing — 0.1%** | **Trucking & Leasing — 0.1%** | **Trucking & Leasing — 0.1%** |
| DAE Funding LLC, 3.38%, 03/20/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 192078 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Trucking & Leasing (continued)** | **Trucking & Leasing (continued)** | **Trucking & Leasing (continued)** |
| FTAI Aviation Investors LLC, 5.50%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $300 | $300091 |
| GATX Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 09/15/26 | &nbsp;&nbsp;&nbsp; 172 | 169217 |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/15/28 | &nbsp;&nbsp;&nbsp; 115 | 112060 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/30/30 | &nbsp;&nbsp;&nbsp; 150 | 145787 |
| &nbsp;&nbsp;&nbsp; 4.55%, 11/07/28 | &nbsp;&nbsp;&nbsp; 110 | 109798 |
| &nbsp;&nbsp;&nbsp; 4.70%, 04/01/29 | &nbsp;&nbsp;&nbsp; 180 | 180865 |
| &nbsp;&nbsp;&nbsp; 5.40%, 03/15/27 | &nbsp;&nbsp;&nbsp; 30 | 30345 |
| Penske Truck Leasing Co. LP/PTL Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.35%, 11/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 100 | 94910 |
| &nbsp;&nbsp;&nbsp; 3.40%, 11/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 165 | 162301 |
| &nbsp;&nbsp;&nbsp; 4.20%, 04/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 180 | 178637 |
| &nbsp;&nbsp;&nbsp; 4.40%, 07/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 271 | 269944 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/01/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 205 | 209077 |
| &nbsp;&nbsp;&nbsp; 5.25%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 240 | 244867 |
| &nbsp;&nbsp;&nbsp; 5.35%, 01/12/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 95 | 95781 |
| &nbsp;&nbsp;&nbsp; 5.35%, 03/30/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 150 | 153363 |
| &nbsp;&nbsp;&nbsp; 5.55%, 05/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204677 |
| &nbsp;&nbsp;&nbsp; 5.70%, 02/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 260 | 266402 |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 194970 |
| &nbsp;&nbsp;&nbsp; 6.05%, 08/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 275 | 285675 |
| SMBC Aviation Capital Finance DAC |  |  |
| &nbsp;&nbsp;&nbsp; 1.90%, 10/15/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 260 | 251335 |
| &nbsp;&nbsp;&nbsp; 2.30%, 06/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 187165 |
| &nbsp;&nbsp;&nbsp; 5.10%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 190 | 192145 |
| &nbsp;&nbsp;&nbsp; 5.30%, 04/03/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203735 |
| &nbsp;&nbsp;&nbsp; 5.45%, 05/03/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203572 |
|  |  | 4638797 |
| **Venture Capital — 0.0%** | **Venture Capital — 0.0%** | **Venture Capital — 0.0%** |
| Hercules Capital Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 01/20/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 160 | 155483 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/16/30 | &nbsp;&nbsp;&nbsp; 100 | 100014 |
|  |  | 255497 |
| **Water — 0.0%** | **Water — 0.0%** | **Water — 0.0%** |
| Aegea Finance SARL, 6.75%, 05/20/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200810 |
| American Water Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.80%, 05/01/30 | &nbsp;&nbsp;&nbsp; 150 | 139081 |
| &nbsp;&nbsp;&nbsp; 2.95%, 09/01/27 | &nbsp;&nbsp;&nbsp; 200 | 194487 |
| &nbsp;&nbsp;&nbsp; 3.45%, 06/01/29 | &nbsp;&nbsp;&nbsp; 175 | 169189 |
| &nbsp;&nbsp;&nbsp; 3.75%, 09/01/28 | &nbsp;&nbsp;&nbsp; 140 | 137777 |
| Essential Utilities Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.70%, 04/15/30 | &nbsp;&nbsp;&nbsp; 150 | 137788 |
| &nbsp;&nbsp;&nbsp; 3.57%, 05/01/29 | &nbsp;&nbsp;&nbsp; 120 | 115823 |
| &nbsp;&nbsp;&nbsp; 4.80%, 08/15/27 | &nbsp;&nbsp;&nbsp; 125 | 125870 |
| Manila Water Co. Inc., 4.38%, 07/30/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195272 |
| United Utilities PLC, 6.88%, 08/15/28 | &nbsp;&nbsp;&nbsp; 120 | 127406 |
|  |  | 1543503 |
| **Total Corporate Bonds & Notes — 34.5%** <br>**(Cost: $1,514,335,584)** | **Total Corporate Bonds & Notes — 34.5%** <br>**(Cost: $1,514,335,584)** | 1527626296 |
| **Floating Rate Loan Interests**<sup>(a)</sup> | **Floating Rate Loan Interests**<sup>(a)</sup> | **Floating Rate Loan Interests**<sup>(a)</sup> |
| **Media — 0.0%** | **Media — 0.0%** | **Media — 0.0%** |
| &nbsp;&nbsp;&nbsp; Radiate Holdco, LLC, 2025 FLFO Term Loan, (1-mo. <br> CME Term SOFR at 0.00% Floor + 3.50%, 1.50% <br> PIK), 9.47%, 09/25/29<sup>(a)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 288 | 249189 |
| **Total Floating Rate Loan Interests — 0.0%** <br>**(Cost: $253,178)** | **Total Floating Rate Loan Interests — 0.0%** <br>**(Cost: $253,178)** | 249189 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Foreign Government Obligations**<sup>(l)</sup> | **Foreign Government Obligations**<sup>(l)</sup> | **Foreign Government Obligations**<sup>(l)</sup> |
| **Angola — 0.0%** | **Angola — 0.0%** | **Angola — 0.0%** |
| Angolan Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 11/26/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; $600 | $559776 |
| &nbsp;&nbsp;&nbsp; 8.25%, 05/09/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 387036 |
|  |  | 946812 |
| **Argentina — 0.2%** | **Argentina — 0.2%** | **Argentina — 0.2%** |
| Argentina Republic Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 1.00%, 07/09/29 | &nbsp;&nbsp;&nbsp; 1080 | 874656 |
| &nbsp;&nbsp;&nbsp; 1.75%, 07/09/30<sup>(h)</sup> | &nbsp;&nbsp;&nbsp; 6560 | 5051200 |
| &nbsp;&nbsp;&nbsp; Bonos Para La Reconstruccion De Una <br> Argentina Libre<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 10/31/28 | &nbsp;&nbsp;&nbsp; 200 | 159472 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/31/27 | &nbsp;&nbsp;&nbsp; 1400 | 1344171 |
| &nbsp;&nbsp;&nbsp; Ciudad Autonoma De Buenos Aires/Government <br> Bond, 7.50%, 06/01/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 133 | 134763 |
|  |  | 7564262 |
| **Australia — 0.0%** | **Australia — 0.0%** | **Australia — 0.0%** |
| &nbsp;&nbsp;&nbsp; Export Finance & Insurance Corp., 3.88%, <br> 10/23/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 397413 |
| **Azerbaijan — 0.0%** | **Azerbaijan — 0.0%** | **Azerbaijan — 0.0%** |
| &nbsp;&nbsp;&nbsp; State Oil Co. of the Azerbaijan Republic, 6.95%, <br> 03/18/30<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 211746 |
| **Bahrain — 0.0%** | **Bahrain — 0.0%** | **Bahrain — 0.0%** |
| Bahrain Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/25/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193307 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/20/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 410109 |
| &nbsp;&nbsp;&nbsp; 7.00%, 10/12/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 413035 |
| CBB International Sukuk Programme Co. WLL |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 05/18/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 188593 |
| &nbsp;&nbsp;&nbsp; 3.95%, 09/16/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 386214 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/30/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196599 |
|  |  | 1787857 |
| **Bermuda — 0.0%** | **Bermuda — 0.0%** | **Bermuda — 0.0%** |
| &nbsp;&nbsp;&nbsp; Bermuda Government International Bond, 4.75%, <br> 02/15/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 205 | 206194 |
| **Bolivia — 0.0%** | **Bolivia — 0.0%** | **Bolivia — 0.0%** |
| &nbsp;&nbsp;&nbsp; Bolivia Government International Bond, 7.50%, <br> 03/02/30<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 151921 |
| &nbsp;&nbsp;&nbsp; Bolivian Government International Bond, 4.50%, <br> 03/20/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 303919 |
|  |  | 455840 |
| **Brazil — 0.1%** | **Brazil — 0.1%** | **Brazil — 0.1%** |
| &nbsp;&nbsp;&nbsp; Brazil Government International Bond, 10.13%, <br> 05/15/27<br>| &nbsp;&nbsp;&nbsp; 200 | 219206 |
| Brazilian Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 06/12/30 | &nbsp;&nbsp;&nbsp; 1000 | 942525 |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/30/29 | &nbsp;&nbsp;&nbsp; 600 | 587318 |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/13/28 | &nbsp;&nbsp;&nbsp; 1000 | 995977 |
|  |  | 2745026 |
| **Canada — 0.6%** | **Canada — 0.6%** | **Canada — 0.6%** |
| Canada Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/26/28 | &nbsp;&nbsp;&nbsp; 1130 | 1125506 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/18/30 | &nbsp;&nbsp;&nbsp; 1110 | 1111580 |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/30/29 | &nbsp;&nbsp;&nbsp; 1000 | 1022873 |
| CDP Financial Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 07/25/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 415 | 417527 |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/24/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 500 | 509599 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Canada (continued)** | **Canada (continued)** | **Canada (continued)** |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/05/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $570 | $584668 |
| CPPIB Capital Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 0.88%, 09/09/26<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 915 | 882209 |
| &nbsp;&nbsp;&nbsp; 4.25%, 07/20/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2035 | 2049620 |
| Export Development Canada |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 05/25/27 | &nbsp;&nbsp;&nbsp; 50 | 49066 |
| &nbsp;&nbsp;&nbsp; 3.75%, 09/07/27 | &nbsp;&nbsp;&nbsp; 5 | 4976 |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/14/28 | &nbsp;&nbsp;&nbsp; 2310 | 2306188 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/20/30 | &nbsp;&nbsp;&nbsp; 365 | 365024 |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/13/29 | &nbsp;&nbsp;&nbsp; 945 | 950073 |
| Hydro-Quebec, Series HK, 9.38%, 04/15/30 | &nbsp;&nbsp;&nbsp; 100 | 121272 |
| Ontario Teachers' Finance Trust |  |  |
| &nbsp;&nbsp;&nbsp; 0.88%, 09/21/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 845 | 813513 |
| &nbsp;&nbsp;&nbsp; 4.25%, 04/25/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1445 | 1450531 |
| Province of Alberta Canada |  |  |
| &nbsp;&nbsp;&nbsp; 3.30%, 03/15/28 | &nbsp;&nbsp;&nbsp; 330 | 323743 |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/26/29 | &nbsp;&nbsp;&nbsp; 495 | 502014 |
| Province of British Columbia Canada |  |  |
| &nbsp;&nbsp;&nbsp; 4.70%, 01/24/28 | &nbsp;&nbsp;&nbsp; 1050 | 1066161 |
| &nbsp;&nbsp;&nbsp; 4.80%, 11/15/28 | &nbsp;&nbsp;&nbsp; 615 | 628820 |
| &nbsp;&nbsp;&nbsp; 4.90%, 04/24/29 | &nbsp;&nbsp;&nbsp; 845 | 868009 |
| Province of Manitoba Canada, 1.50%, 10/25/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 360 | 332200 |
| Province of Ontario Canada |  |  |
| &nbsp;&nbsp;&nbsp; 1.05%, 05/21/27 | &nbsp;&nbsp;&nbsp; 510 | 483403 |
| &nbsp;&nbsp;&nbsp; 2.00%, 10/02/29 | &nbsp;&nbsp;&nbsp; 405 | 372793 |
| &nbsp;&nbsp;&nbsp; 3.10%, 05/19/27 | &nbsp;&nbsp;&nbsp; 1260 | 1238007 |
| &nbsp;&nbsp;&nbsp; 3.70%, 09/17/29 | &nbsp;&nbsp;&nbsp; 645 | 635328 |
| &nbsp;&nbsp;&nbsp; 4.20%, 01/18/29 | &nbsp;&nbsp;&nbsp; 910 | 914385 |
| &nbsp;&nbsp;&nbsp; 4.70%, 01/15/30 | &nbsp;&nbsp;&nbsp; 1060 | 1085761 |
| Province of Quebec Canada |  |  |
| &nbsp;&nbsp;&nbsp; 1.35%, 05/28/30 | &nbsp;&nbsp;&nbsp; 455 | 400169 |
| &nbsp;&nbsp;&nbsp; 2.75%, 04/12/27 | &nbsp;&nbsp;&nbsp; 320 | 312641 |
| &nbsp;&nbsp;&nbsp; 3.63%, 04/13/28 | &nbsp;&nbsp;&nbsp; 1265 | 1252029 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/03/29 | &nbsp;&nbsp;&nbsp; 950 | 963814 |
| &nbsp;&nbsp;&nbsp; Series PD, 7.50%, 09/15/29 | &nbsp;&nbsp;&nbsp; 570 | 641627 |
| Province of Saskatchewan Canada |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 06/08/27 | &nbsp;&nbsp;&nbsp; 65 | 63963 |
| &nbsp;&nbsp;&nbsp; 4.65%, 01/28/30 | &nbsp;&nbsp;&nbsp; 280 | 286122 |
| PSP Capital Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.63%, 10/26/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 35 | 32449 |
| &nbsp;&nbsp;&nbsp; 3.75%, 10/02/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 394829 |
|  |  | 26562492 |
| **Cayman Islands — 0.0%** | **Cayman Islands — 0.0%** | **Cayman Islands — 0.0%** |
| KSA Sukuk Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/04/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202728 |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/04/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 412265 |
| Sharjah Sukuk Program Ltd., 3.89%, 04/04/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 191123 |
|  |  | 806116 |
| **Chile — 0.0%** | **Chile — 0.0%** | **Chile — 0.0%** |
| Chile Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 01/31/27 | &nbsp;&nbsp;&nbsp; 400 | 390245 |
| &nbsp;&nbsp;&nbsp; 3.24%, 02/06/28 | &nbsp;&nbsp;&nbsp; 600 | 583300 |
| &nbsp;&nbsp;&nbsp; 4.85%, 01/22/29 | &nbsp;&nbsp;&nbsp; 600 | 607449 |
|  |  | 1580994 |
| **China — 0.1%** | **China — 0.1%** | **China — 0.1%** |
| &nbsp;&nbsp;&nbsp; China Development Bank/Hong Kong, 2.00%, <br> 02/16/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 193500 |
| China Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 10/26/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 387474 |
| &nbsp;&nbsp;&nbsp; 2.13%, 12/03/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 565995 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **China (continued)** | **China (continued)** | **China (continued)** |
| &nbsp;&nbsp;&nbsp; 2.63%, 11/02/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; $400 | $391338 |
| &nbsp;&nbsp;&nbsp; 3.50%, 10/19/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 398282 |
| &nbsp;&nbsp;&nbsp; 4.13%, 11/20/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202403 |
| &nbsp;&nbsp;&nbsp; 4.25%, 11/20/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205461 |
| Export-Import Bank of China (The) |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 11/28/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195912 |
| &nbsp;&nbsp;&nbsp; 3.38%, 03/14/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 394714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.72%, 11/05/27, (1-day SOFR Index + <br> 0.380%)<sup>(a)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200253 |
|  |  | 3135332 |
| **Colombia — 0.1%** | **Colombia — 0.1%** | **Colombia — 0.1%** |
| Colombia Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 01/30/30 | &nbsp;&nbsp;&nbsp; 600 | 526981 |
| &nbsp;&nbsp;&nbsp; 3.88%, 04/25/27 | &nbsp;&nbsp;&nbsp; 600 | 588292 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/15/29 | &nbsp;&nbsp;&nbsp; 400 | 382966 |
| &nbsp;&nbsp;&nbsp; 7.38%, 04/25/30 | &nbsp;&nbsp;&nbsp; 600 | 628617 |
|  |  | 2126856 |
| **Denmark — 0.0%** | **Denmark — 0.0%** | **Denmark — 0.0%** |
| Kommunekredit |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 05/24/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 397170 |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/05/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201391 |
|  |  | 598561 |
| **Dominican Republic — 0.1%** | **Dominican Republic — 0.1%** | **Dominican Republic — 0.1%** |
| Dominican Republic International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/30/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 572300 |
| &nbsp;&nbsp;&nbsp; 5.50%, 02/22/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 500 | 499382 |
| &nbsp;&nbsp;&nbsp; 5.95%, 01/25/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 605375 |
| &nbsp;&nbsp;&nbsp; 6.00%, 07/19/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 450 | 458178 |
|  |  | 2135235 |
| **Ecuador — 0.0%** | **Ecuador — 0.0%** | **Ecuador — 0.0%** |
| Ecuador Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 07/31/30<sup>(d)(i)</sup> | &nbsp;&nbsp;&nbsp; 200 | 143016 |
| &nbsp;&nbsp;&nbsp; 6.90%, 07/31/30<sup>(d)(h)</sup> | &nbsp;&nbsp;&nbsp; 800 | 700005 |
|  |  | 843021 |
| **Egypt — 0.1%** | **Egypt — 0.1%** | **Egypt — 0.1%** |
| Egypt Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 5.80%, 09/30/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 391576 |
| &nbsp;&nbsp;&nbsp; 6.59%, 02/21/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 398666 |
| &nbsp;&nbsp;&nbsp; 7.50%, 01/31/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 605601 |
| &nbsp;&nbsp;&nbsp; 7.60%, 03/01/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 605076 |
| &nbsp;&nbsp;&nbsp; 8.63%, 02/04/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 407147 |
|  |  | 2408066 |
| **El Salvador — 0.0%** | **El Salvador — 0.0%** | **El Salvador — 0.0%** |
| El Salvador Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 8.63%, 02/28/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 150 | 155788 |
| &nbsp;&nbsp;&nbsp; 9.25%, 04/17/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 211873 |
|  |  | 367661 |
| **Finland — 0.1%** | **Finland — 0.1%** | **Finland — 0.1%** |
| Kuntarahoitus OYJ |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 10/09/29<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 970 | 954273 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/31/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 500 | 503270 |
| &nbsp;&nbsp;&nbsp; 4.25%, 04/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 302487 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/13/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 500 | 504819 |
|  |  | 2264849 |
| **France — 0.3%** | **France — 0.3%** | **France — 0.3%** |
| Agence Francaise de Developpement EPIC |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/15/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198842 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/21/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 596600 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/05/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 603748 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **France (continued)** | **France (continued)** | **France (continued)** |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/16/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; $200 | $204905 |
| Caisse d'Amortissement de la Dette Sociale |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 09/12/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 900 | 893693 |
| &nbsp;&nbsp;&nbsp; 3.75%, 05/24/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 3940 | 3907651 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/24/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 1000427 |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/22/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1060 | 1074542 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/22/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 425 | 435678 |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/19/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1275 | 1283517 |
| &nbsp;&nbsp;&nbsp; Caisse des Depots et Consignations, 4.25%, <br> 01/31/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 399319 |
| SFIL SA, 5.00%, 04/26/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 403596 |
|  |  | 11002518 |
| **Gabon — 0.0%** | **Gabon — 0.0%** | **Gabon — 0.0%** |
| &nbsp;&nbsp;&nbsp; Gabon Government International Bond, 9.50%, <br> 02/18/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 186844 |
| **Germany — 0.0%** | **Germany — 0.0%** | **Germany — 0.0%** |
| State of North Rhine-Westphalia Germany |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/16/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 800 | 802263 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/12/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 404364 |
|  |  | 1206627 |
| **Ghana — 0.0%** | **Ghana — 0.0%** | **Ghana — 0.0%** |
| Ghana Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 01/03/30<sup>(d)(i)</sup> | &nbsp;&nbsp;&nbsp; 140 | 116811 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/03/29<sup>(d)(h)</sup> | &nbsp;&nbsp;&nbsp; 939 | 891877 |
|  |  | 1008688 |
| **Guatemala — 0.0%** | **Guatemala — 0.0%** | **Guatemala — 0.0%** |
| Guatemala Government Bond |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 06/05/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196828 |
| &nbsp;&nbsp;&nbsp; 4.90%, 06/01/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196418 |
| &nbsp;&nbsp;&nbsp; 5.25%, 08/10/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198926 |
|  |  | 592172 |
| **Honduras — 0.0%** | **Honduras — 0.0%** | **Honduras — 0.0%** |
| &nbsp;&nbsp;&nbsp; Honduras Government International Bond, 6.25%, <br> 01/19/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 199493 |
| **Hong Kong — 0.1%** | **Hong Kong — 0.1%** | **Hong Kong — 0.1%** |
| Airport Authority |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 01/12/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 385752 |
| &nbsp;&nbsp;&nbsp; 2.40% , (7-year CMT + 4.736%)<sup>(a)(d)(g)</sup> | &nbsp;&nbsp;&nbsp; 200 | 189114 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/12/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 404328 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 405795 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/12/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205031 |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/15/30 | &nbsp;&nbsp;&nbsp; 600 | 618096 |
| Hong Kong Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 06/10/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 403128 |
| &nbsp;&nbsp;&nbsp; 4.25%, 07/24/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 400 | 401927 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/11/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 600 | 606362 |
| Hong Kong Mortgage Corp. Ltd. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 10/18/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199221 |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/13/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203050 |
| Hong Kong Sukuk 2017 Ltd., 3.13%, 02/28/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197529 |
|  |  | 4219333 |
| **Hungary — 0.1%** | **Hungary — 0.1%** | **Hungary — 0.1%** |
| Hungary Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/16/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 403945 |
| &nbsp;&nbsp;&nbsp; 6.13%, 05/22/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 800 | 825874 |
| Magyar Export-Import Bank Zrt, 6.13%, 12/04/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 409391 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Hungary (continued)** | **Hungary (continued)** | **Hungary (continued)** |
| &nbsp;&nbsp;&nbsp; MFB Magyar Fejlesztesi Bank Zrt, 6.50%, <br> 06/29/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; $400 | $414239 |
|  |  | 2053449 |
| **India — 0.0%** | **India — 0.0%** | **India — 0.0%** |
| Export-Import Bank of India |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 01/15/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 188515 |
| &nbsp;&nbsp;&nbsp; 3.38%, 08/05/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 394713 |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/01/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196390 |
|  |  | 779618 |
| **Indonesia — 0.2%** | **Indonesia — 0.2%** | **Indonesia — 0.2%** |
| Indonesia Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 2.85%, 02/14/30 | &nbsp;&nbsp;&nbsp; 200 | 187235 |
| &nbsp;&nbsp;&nbsp; 3.40%, 09/18/29 | &nbsp;&nbsp;&nbsp; 200 | 193327 |
| &nbsp;&nbsp;&nbsp; 3.50%, 01/11/28 | &nbsp;&nbsp;&nbsp; 600 | 590413 |
| &nbsp;&nbsp;&nbsp; 3.85%, 07/18/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 397543 |
| &nbsp;&nbsp;&nbsp; 4.15%, 09/20/27 | &nbsp;&nbsp;&nbsp; 300 | 299998 |
| &nbsp;&nbsp;&nbsp; 4.35%, 01/08/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 400864 |
| &nbsp;&nbsp;&nbsp; 4.40%, 03/10/29 | &nbsp;&nbsp;&nbsp; 200 | 200803 |
| &nbsp;&nbsp;&nbsp; 4.55%, 01/11/28 | &nbsp;&nbsp;&nbsp; 400 | 402598 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/11/29 | &nbsp;&nbsp;&nbsp; 200 | 203138 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/15/30 | &nbsp;&nbsp;&nbsp; 200 | 207009 |
| Perusahaan Penerbit SBSN Indonesia III |  |  |
| &nbsp;&nbsp;&nbsp; 2.80%, 06/23/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 185156 |
| &nbsp;&nbsp;&nbsp; 4.15%, 03/29/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 800 | 800031 |
| &nbsp;&nbsp;&nbsp; 4.40%, 06/06/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 800 | 804089 |
| &nbsp;&nbsp;&nbsp; 4.40%, 03/01/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 402119 |
| &nbsp;&nbsp;&nbsp; 4.45%, 02/20/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201036 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/25/30 | &nbsp;&nbsp;&nbsp; 400 | 409469 |
| &nbsp;&nbsp;&nbsp; 5.10%, 07/02/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204525 |
| &nbsp;&nbsp;&nbsp; 5.40%, 11/15/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 207174 |
|  |  | 6296527 |
| **Iraq — 0.0%** | **Iraq — 0.0%** | **Iraq — 0.0%** |
| Iraq International Bond, 5.80%, 01/15/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 313 | 310192 |
| **Israel — 0.1%** | **Israel — 0.1%** | **Israel — 0.1%** |
| Israel Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 07/03/30 | &nbsp;&nbsp;&nbsp; 600 | 543885 |
| &nbsp;&nbsp;&nbsp; 3.25%, 01/17/28 | &nbsp;&nbsp;&nbsp; 600 | 579164 |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/12/29 | &nbsp;&nbsp;&nbsp; 600 | 610331 |
| &nbsp;&nbsp;&nbsp; 5.38%, 02/19/30 | &nbsp;&nbsp;&nbsp; 800 | 816650 |
| State of Israel, 2.50%, 01/15/30 | &nbsp;&nbsp;&nbsp; 200 | 181397 |
|  |  | 2731427 |
| **Italy — 0.0%** | **Italy — 0.0%** | **Italy — 0.0%** |
| Cassa Depositi e Prestiti SpA, 5.88%, 04/30/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 500 | 520461 |
| &nbsp;&nbsp;&nbsp; Republic of Italy Government International Bond, <br> 2.88%, 10/17/29<br>| &nbsp;&nbsp;&nbsp; 5 | 4696 |
|  |  | 525157 |
| **Ivory Coast — 0.0%** | **Ivory Coast — 0.0%** | **Ivory Coast — 0.0%** |
| &nbsp;&nbsp;&nbsp; Ivory Coast Government International Bond, 6.38%, <br> 03/03/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200768 |
| **Jamaica — 0.0%** | **Jamaica — 0.0%** | **Jamaica — 0.0%** |
| &nbsp;&nbsp;&nbsp; Jamaica Government International Bond, 6.75%, <br> 04/28/28<br>| &nbsp;&nbsp;&nbsp; 400 | 414500 |
| **Japan — 0.2%** | **Japan — 0.2%** | **Japan — 0.2%** |
| Development Bank of Japan Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 04/28/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1030 | 1012201 |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/10/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 304326 |
| &nbsp;&nbsp;&nbsp; 5.13%, 09/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 302531 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Japan (continued)** | **Japan (continued)** | **Japan (continued)** |
| Japan Bank for International Cooperation |  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 02/16/29 | &nbsp;&nbsp;&nbsp; $425 | $396707 |
| &nbsp;&nbsp;&nbsp; 2.25%, 11/04/26 | &nbsp;&nbsp;&nbsp; 635 | 619396 |
| &nbsp;&nbsp;&nbsp; 2.75%, 11/16/27 | &nbsp;&nbsp;&nbsp; 530 | 514118 |
| &nbsp;&nbsp;&nbsp; 2.88%, 06/01/27 | &nbsp;&nbsp;&nbsp; 245 | 239408 |
| &nbsp;&nbsp;&nbsp; 2.88%, 07/21/27 | &nbsp;&nbsp;&nbsp; 875 | 853628 |
| &nbsp;&nbsp;&nbsp; 3.25%, 07/20/28 | &nbsp;&nbsp;&nbsp; 416 | 406414 |
| &nbsp;&nbsp;&nbsp; 4.63%, 07/22/27 | &nbsp;&nbsp;&nbsp; 500 | 504305 |
| &nbsp;&nbsp;&nbsp; 4.63%, 07/19/28 | &nbsp;&nbsp;&nbsp; 2010 | 2039702 |
| Japan International Cooperation Agency |  |  |
| &nbsp;&nbsp;&nbsp; 2.75%, 04/27/27 | &nbsp;&nbsp;&nbsp; 500 | 486973 |
| &nbsp;&nbsp;&nbsp; 3.25%, 05/25/27 | &nbsp;&nbsp;&nbsp; 690 | 677219 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/23/28 | &nbsp;&nbsp;&nbsp; 650 | 647187 |
| &nbsp;&nbsp;&nbsp; 4.25%, 05/22/30 | &nbsp;&nbsp;&nbsp; 300 | 300627 |
|  |  | 9304742 |
| **Jordan — 0.0%** | **Jordan — 0.0%** | **Jordan — 0.0%** |
| Jordan Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/31/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199403 |
| &nbsp;&nbsp;&nbsp; 5.85%, 07/07/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 388151 |
| &nbsp;&nbsp;&nbsp; 7.50%, 01/13/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 412895 |
| &nbsp;&nbsp;&nbsp; 7.75%, 01/15/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 207314 |
|  |  | 1207763 |
| **Kazakhstan — 0.0%** | **Kazakhstan — 0.0%** | **Kazakhstan — 0.0%** |
| &nbsp;&nbsp;&nbsp; Development Bank of Kazakhstan JSC, 5.25%, <br> 10/23/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 202528 |
| **Kenya — 0.0%** | **Kenya — 0.0%** | **Kenya — 0.0%** |
| &nbsp;&nbsp;&nbsp; Republic of Kenya Government International Bond, <br> 7.25%, 02/28/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 395310 |
| **Kuwait — 0.0%** | **Kuwait — 0.0%** | **Kuwait — 0.0%** |
| &nbsp;&nbsp;&nbsp; Kuwait International Government Bond, 3.50%, <br> 03/20/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 1400 | 1379119 |
| **Kyrgyzstan — 0.0%** | **Kyrgyzstan — 0.0%** | **Kyrgyzstan — 0.0%** |
| &nbsp;&nbsp;&nbsp; Kyrgyz Republic International Bond, 7.75%, <br> 06/03/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200655 |
| **Lebanon — 0.0%** | **Lebanon — 0.0%** | **Lebanon — 0.0%** |
| Lebanon Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 6.60%, 11/27/26<sup>(d)(j)(k)</sup> | &nbsp;&nbsp;&nbsp; 620 | 114713 |
| &nbsp;&nbsp;&nbsp; 6.65%, 11/03/28<sup>(d)(j)(k)</sup> | &nbsp;&nbsp;&nbsp; 100 | 18504 |
| &nbsp;&nbsp;&nbsp; 6.75%, 11/29/27<sup>(d)(j)(k)</sup> | &nbsp;&nbsp;&nbsp; 470 | 86999 |
| &nbsp;&nbsp;&nbsp; 6.85%, 03/23/27<sup>(d)(j)(k)</sup> | &nbsp;&nbsp;&nbsp; 483 | 89369 |
| &nbsp;&nbsp;&nbsp; 6.85%, 05/25/29<sup>(d)(j)(k)</sup> | &nbsp;&nbsp;&nbsp; 100 | 18484 |
|  |  | 328069 |
| **Luxembourg — 0.1%** | **Luxembourg — 0.1%** | **Luxembourg — 0.1%** |
| Eagle Funding Luxco Sarl, 5.50%, 08/17/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1500 | 1510043 |
| Isdb Trust Services No. 2 SARL, 4.75%, 05/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 612680 |
|  |  | 2122723 |
| **Malaysia — 0.0%** | **Malaysia — 0.0%** | **Malaysia — 0.0%** |
| &nbsp;&nbsp;&nbsp; Export-Import Bank of Malaysia Bhd, 1.83%, <br> 11/26/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 192996 |
| **Mexico — 0.1%** | **Mexico — 0.1%** | **Mexico — 0.1%** |
| Mexico Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 04/16/30 | &nbsp;&nbsp;&nbsp; 600 | 553690 |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/11/28 | &nbsp;&nbsp;&nbsp; 600 | 587455 |
| &nbsp;&nbsp;&nbsp; 4.15%, 03/28/27 | &nbsp;&nbsp;&nbsp; 800 | 795310 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/22/29 | &nbsp;&nbsp;&nbsp; 600 | 591722 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/07/29 | &nbsp;&nbsp;&nbsp; 400 | 400403 |
| &nbsp;&nbsp;&nbsp; 5.40%, 02/09/28 | &nbsp;&nbsp;&nbsp; 600 | 609071 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mexico (continued)** | **Mexico (continued)** | **Mexico (continued)** |
| &nbsp;&nbsp;&nbsp; 6.00%, 05/13/30 | &nbsp;&nbsp;&nbsp; $600 | $620208 |
|  |  | 4157859 |
| **Mongolia — 0.0%** | **Mongolia — 0.0%** | **Mongolia — 0.0%** |
| Mongolia Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 02/25/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199443 |
| &nbsp;&nbsp;&nbsp; 8.65%, 01/19/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 211205 |
|  |  | 410648 |
| **Morocco — 0.0%** | **Morocco — 0.0%** | **Morocco — 0.0%** |
| Morocco Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 2.38%, 12/15/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 189176 |
| &nbsp;&nbsp;&nbsp; 5.95%, 03/08/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 410611 |
|  |  | 599787 |
| **Netherlands — 0.1%** | **Netherlands — 0.1%** | **Netherlands — 0.1%** |
| BNG Bank NV |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 05/19/28<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 985 | 971945 |
| &nbsp;&nbsp;&nbsp; 3.63%, 10/01/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 700 | 695398 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/25/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 740 | 744862 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/11/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 35 | 35350 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/01/27<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 400 | 402201 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/01/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 750 | 771041 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/26/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 404917 |
| &nbsp;&nbsp;&nbsp; Nederlandse Financierings-Maatschappij voor <br> Ontwikkelingslanden NV<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/26/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202219 |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/12/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202923 |
| Nederlandse Waterschapsbank NV |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 300 | 299923 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/28/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 500 | 504964 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/16/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203476 |
|  |  | 5439219 |
| **Nigeria — 0.0%** | **Nigeria — 0.0%** | **Nigeria — 0.0%** |
| Nigeria Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 09/28/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 388457 |
| &nbsp;&nbsp;&nbsp; 6.50%, 11/28/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 397469 |
| &nbsp;&nbsp;&nbsp; 7.14%, 02/23/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 388702 |
| &nbsp;&nbsp;&nbsp; 8.38%, 03/24/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 409985 |
|  |  | 1584613 |
| **Norway — 0.1%** | **Norway — 0.1%** | **Norway — 0.1%** |
| Kommunalbanken AS |  |  |
| &nbsp;&nbsp;&nbsp; 1.50%, 01/20/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 910 | 875541 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/19/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 55 | 55012 |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/29/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 252 | 252869 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/24/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 500 | 503596 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/01/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2040 | 2069113 |
|  |  | 3756131 |
| **Oman — 0.1%** | **Oman — 0.1%** | **Oman — 0.1%** |
| Oman Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/08/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 550 | 555522 |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/17/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 800 | 816285 |
| &nbsp;&nbsp;&nbsp; 6.00%, 08/01/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 629755 |
| &nbsp;&nbsp;&nbsp; 6.75%, 10/28/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 417521 |
| Oman Sovereign Sukuk Co., 4.88%, 06/15/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 406825 |
|  |  | 2825908 |
| **Pakistan — 0.0%** | **Pakistan — 0.0%** | **Pakistan — 0.0%** |
| &nbsp;&nbsp;&nbsp; Pakistan Global Sukuk Programme Co. Ltd. (The), <br> 7.95%, 01/31/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 400613 |
| &nbsp;&nbsp;&nbsp; Pakistan Government International Bond, 6.88%, <br> 12/05/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 391960 |
|  |  | 792573 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Panama — 0.0%** | **Panama — 0.0%** | **Panama — 0.0%** |
| Panama Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.16%, 01/23/30 | &nbsp;&nbsp;&nbsp; $400 | $360127 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/17/28 | &nbsp;&nbsp;&nbsp; 400 | 387144 |
| &nbsp;&nbsp;&nbsp; 8.88%, 09/30/27 | &nbsp;&nbsp;&nbsp; 350 | 378303 |
| &nbsp;&nbsp;&nbsp; 9.38%, 04/01/29 | &nbsp;&nbsp;&nbsp; 200 | 224437 |
|  |  | 1350011 |
| **Peru — 0.0%** | **Peru — 0.0%** | **Peru — 0.0%** |
| Corp. Financiera de Desarrollo SA |  |  |
| &nbsp;&nbsp;&nbsp; 2.40%, 09/28/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 189739 |
| &nbsp;&nbsp;&nbsp; 5.95%, 04/30/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206061 |
| Fondo MIVIVIENDA SA, 4.63%, 04/12/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 150 | 149849 |
| Peru Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 2.84%, 06/20/30 | &nbsp;&nbsp;&nbsp; 200 | 183906 |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/25/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 100 | 99997 |
|  |  | 829552 |
| **Philippines — 0.1%** | **Philippines — 0.1%** | **Philippines — 0.1%** |
| Philippines Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/01/28 | &nbsp;&nbsp;&nbsp; 800 | 773708 |
| &nbsp;&nbsp;&nbsp; 3.23%, 03/29/27 | &nbsp;&nbsp;&nbsp; 200 | 196189 |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/14/29 | &nbsp;&nbsp;&nbsp; 400 | 391619 |
| &nbsp;&nbsp;&nbsp; 4.63%, 07/17/28 | &nbsp;&nbsp;&nbsp; 200 | 201261 |
| &nbsp;&nbsp;&nbsp; 5.17%, 10/13/27 | &nbsp;&nbsp;&nbsp; 200 | 203053 |
| &nbsp;&nbsp;&nbsp; 9.50%, 02/02/30 | &nbsp;&nbsp;&nbsp; 600 | 723038 |
| ROP Sukuk Trust, 5.05%, 06/06/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 407937 |
|  |  | 2896805 |
| **Poland — 0.1%** | **Poland — 0.1%** | **Poland — 0.1%** |
| Bank Gospodarstwa Krajowego, 6.25%, 10/31/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 210740 |
| Republic of Poland Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/18/29 | &nbsp;&nbsp;&nbsp; 400 | 403976 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/12/30 | &nbsp;&nbsp;&nbsp; 800 | 816501 |
| &nbsp;&nbsp;&nbsp; 5.50%, 11/16/27 | &nbsp;&nbsp;&nbsp; 600 | 618125 |
|  |  | 2049342 |
| **Qatar — 0.1%** | **Qatar — 0.1%** | **Qatar — 0.1%** |
| Qatar Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/16/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 980217 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/14/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1200 | 1191342 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/27/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201880 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/23/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 1010160 |
| &nbsp;&nbsp;&nbsp; 4.63%, 05/29/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203082 |
| &nbsp;&nbsp;&nbsp; Qatar Government International Bonds, 9.75%, <br> 06/15/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 496537 |
|  |  | 4083218 |
| **Romania — 0.0%** | **Romania — 0.0%** | **Romania — 0.0%** |
| Romania Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/27/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 387270 |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/25/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 401490 |
| &nbsp;&nbsp;&nbsp; 6.63%, 02/17/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 500 | 517795 |
| &nbsp;&nbsp;&nbsp; Romanian Government International Bond, 5.88%, <br> 01/30/29<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 550 | 558380 |
|  |  | 1864935 |
| **Saudi Arabia — 0.3%** | **Saudi Arabia — 0.3%** | **Saudi Arabia — 0.3%** |
| KSA Sukuk Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.97%, 10/29/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 800 | 753923 |
| &nbsp;&nbsp;&nbsp; 3.63%, 04/20/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1600 | 1575408 |
| &nbsp;&nbsp;&nbsp; 4.27%, 05/22/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 992949 |
| &nbsp;&nbsp;&nbsp; 4.30%, 01/19/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 398059 |
| &nbsp;&nbsp;&nbsp; 5.27%, 10/25/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 800 | 819670 |
| Saudi Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 02/03/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 581913 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Saudi Arabia (continued)** | **Saudi Arabia (continued)** | **Saudi Arabia (continued)** |
| &nbsp;&nbsp;&nbsp; 3.25%, 10/26/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; $1400 | $1377779 |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/04/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1600 | 1570021 |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/16/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1200 | 1195808 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/17/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 800 | 800299 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/18/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 800 | 805111 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/16/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 1009980 |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/13/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1600 | 1625825 |
|  |  | 13506745 |
| **Serbia — 0.0%** | **Serbia — 0.0%** | **Serbia — 0.0%** |
| Serbia International Bond, 6.25%, 05/26/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206434 |
| **South Africa — 0.0%** | **South Africa — 0.0%** | **South Africa — 0.0%** |
| &nbsp;&nbsp;&nbsp; Republic of South Africa Government <br> International Bond<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.30%, 10/12/28 | &nbsp;&nbsp;&nbsp; 600 | 579801 |
| &nbsp;&nbsp;&nbsp; 4.85%, 09/27/27 | &nbsp;&nbsp;&nbsp; 200 | 199273 |
| &nbsp;&nbsp;&nbsp; 4.85%, 09/30/29 | &nbsp;&nbsp;&nbsp; 600 | 577852 |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/22/30 | &nbsp;&nbsp;&nbsp; 400 | 397702 |
|  |  | 1754628 |
| **South Korea — 0.3%** | **South Korea — 0.3%** | **South Korea — 0.3%** |
| Export-Import Bank of Korea |  |  |
| &nbsp;&nbsp;&nbsp; 1.13%, 12/29/26 | &nbsp;&nbsp;&nbsp; 400 | 382505 |
| &nbsp;&nbsp;&nbsp; 1.63%, 01/18/27 | &nbsp;&nbsp;&nbsp; 400 | 384847 |
| &nbsp;&nbsp;&nbsp; 1.75%, 10/19/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 184972 |
| &nbsp;&nbsp;&nbsp; 2.38%, 04/21/27 | &nbsp;&nbsp;&nbsp; 200 | 193684 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/11/27 | &nbsp;&nbsp;&nbsp; 200 | 198646 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/11/29 | &nbsp;&nbsp;&nbsp; 200 | 197846 |
| &nbsp;&nbsp;&nbsp; 4.25%, 09/15/27 | &nbsp;&nbsp;&nbsp; 400 | 399396 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/11/29 | &nbsp;&nbsp;&nbsp; 200 | 201317 |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/11/27 | &nbsp;&nbsp;&nbsp; 200 | 200842 |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/14/28 | &nbsp;&nbsp;&nbsp; 200 | 201589 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/14/30 | &nbsp;&nbsp;&nbsp; 400 | 409495 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/11/28 | &nbsp;&nbsp;&nbsp; 400 | 406361 |
| &nbsp;&nbsp;&nbsp; 5.13%, 09/18/28 | &nbsp;&nbsp;&nbsp; 600 | 614541 |
| &nbsp;&nbsp;&nbsp; 5.18%, 09/11/29, (1-day SOFR + 0.820%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202055 |
| &nbsp;&nbsp;&nbsp; 5.23%, 11/21/28, (1-day SOFR + 0.880%)<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202299 |
| Industrial Bank of Korea |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/30/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197654 |
| &nbsp;&nbsp;&nbsp; 5.38%, 10/04/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206126 |
| Korea Development Bank (The) |  |  |
| &nbsp;&nbsp;&nbsp; 1.38%, 04/25/27 | &nbsp;&nbsp;&nbsp; 200 | 190217 |
| &nbsp;&nbsp;&nbsp; 4.13%, 10/16/27 | &nbsp;&nbsp;&nbsp; 200 | 199191 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/15/28 | &nbsp;&nbsp;&nbsp; 400 | 400864 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 600 | 604667 |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/15/27 | &nbsp;&nbsp;&nbsp; 600 | 602603 |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/03/28 | &nbsp;&nbsp;&nbsp; 200 | 201564 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/26/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201533 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/03/30 | &nbsp;&nbsp;&nbsp; 400 | 409387 |
| &nbsp;&nbsp;&nbsp; 5.10%, 02/03/30, (1-day SOFR + 0.760%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201467 |
| &nbsp;&nbsp;&nbsp; 5.38%, 10/23/28 | &nbsp;&nbsp;&nbsp; 200 | 206566 |
| Korea Electric Power Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/14/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198284 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/13/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201305 |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/31/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201106 |
| Korea Gas Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/05/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202450 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/08/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204230 |
| Korea Housing Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 03/12/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198727 |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/24/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 402231 |
| &nbsp;&nbsp;&nbsp; 4.88%, 08/27/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201842 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **South Korea (continued)** | **South Korea (continued)** | **South Korea (continued)** |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/21/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; $200 | $206198 |
| Korea Hydro & Nuclear Power Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 07/27/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199245 |
| &nbsp;&nbsp;&nbsp; 4.63%, 07/29/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200690 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/18/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202850 |
| Korea International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 06/19/29 | &nbsp;&nbsp;&nbsp; 200 | 188317 |
| &nbsp;&nbsp;&nbsp; 2.75%, 01/19/27 | &nbsp;&nbsp;&nbsp; 200 | 195857 |
| &nbsp;&nbsp;&nbsp; 3.50%, 09/20/28 | &nbsp;&nbsp;&nbsp; 400 | 391524 |
| &nbsp;&nbsp;&nbsp; 4.50%, 07/03/29 | &nbsp;&nbsp;&nbsp; 400 | 404666 |
| Korea Land & Housing Corp., 4.25%, 10/22/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199252 |
| &nbsp;&nbsp;&nbsp; Korea Mine Rehabilitation & Mineral <br> Resources Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 05/08/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203619 |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/11/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204027 |
| Korea National Oil Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.13%, 04/18/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 192224 |
| &nbsp;&nbsp;&nbsp; 3.38%, 03/27/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196475 |
| &nbsp;&nbsp;&nbsp; 4.13%, 09/30/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198439 |
| &nbsp;&nbsp;&nbsp; 4.25%, 09/30/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198170 |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/31/28 | &nbsp;&nbsp;&nbsp; 200 | 200551 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/31/30 | &nbsp;&nbsp;&nbsp; 200 | 202285 |
| &nbsp;&nbsp;&nbsp; 4.88%, 04/03/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201212 |
| &nbsp;&nbsp;&nbsp; 4.88%, 04/03/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201879 |
| &nbsp;&nbsp;&nbsp; 4.88%, 04/03/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202677 |
| &nbsp;&nbsp;&nbsp; Korea SMEs and Startups Agency, 2.13%, <br> 08/30/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 194923 |
|  |  | 14397489 |
| **Sri Lanka — 0.0%** | **Sri Lanka — 0.0%** | **Sri Lanka — 0.0%** |
| Sri Lanka Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.10%, 01/15/30<sup>(d)(h)</sup> | &nbsp;&nbsp;&nbsp; 304 | 274035 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 317 | 301007 |
|  |  | 575042 |
| **Supranational — 2.1%** | **Supranational — 2.1%** | **Supranational — 2.1%** |
| Africa Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 04/28/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 187214 |
| &nbsp;&nbsp;&nbsp; 3.75%, 10/30/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 187540 |
| African Development Bank |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 09/18/29 | &nbsp;&nbsp;&nbsp; 590 | 578926 |
| &nbsp;&nbsp;&nbsp; 3.88%, 06/12/28 | &nbsp;&nbsp;&nbsp; 5 | 4994 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/18/30 | &nbsp;&nbsp;&nbsp; 675 | 675372 |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/25/27 | &nbsp;&nbsp;&nbsp; 685 | 685412 |
| &nbsp;&nbsp;&nbsp; 4.38%, 11/03/27 | &nbsp;&nbsp;&nbsp; 465 | 468886 |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/14/28 | &nbsp;&nbsp;&nbsp; 1245 | 1258895 |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/04/27 | &nbsp;&nbsp;&nbsp; 745 | 750335 |
| Arab Energy Fund (The), 4.90%, 02/26/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204022 |
| &nbsp;&nbsp;&nbsp; Arab Petroleum Investments Corp., 5.43%, <br> 05/02/29<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 412104 |
| Asian Development Bank |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 06/09/28 | &nbsp;&nbsp;&nbsp; 175 | 162468 |
| &nbsp;&nbsp;&nbsp; 1.50%, 01/20/27 | &nbsp;&nbsp;&nbsp; 2090 | 2013613 |
| &nbsp;&nbsp;&nbsp; 1.75%, 08/14/26 | &nbsp;&nbsp;&nbsp; 85 | 82920 |
| &nbsp;&nbsp;&nbsp; 1.75%, 09/19/29 | &nbsp;&nbsp;&nbsp; 605 | 554074 |
| &nbsp;&nbsp;&nbsp; 1.88%, 03/15/29 | &nbsp;&nbsp;&nbsp; 505 | 469777 |
| &nbsp;&nbsp;&nbsp; 1.88%, 01/24/30 | &nbsp;&nbsp;&nbsp; 605 | 553319 |
| &nbsp;&nbsp;&nbsp; 2.38%, 08/10/27 | &nbsp;&nbsp;&nbsp; 90 | 87210 |
| &nbsp;&nbsp;&nbsp; 2.50%, 11/02/27 | &nbsp;&nbsp;&nbsp; 100 | 96849 |
| &nbsp;&nbsp;&nbsp; 2.63%, 01/12/27 | &nbsp;&nbsp;&nbsp; 150 | 146946 |
| &nbsp;&nbsp;&nbsp; 2.75%, 01/19/28 | &nbsp;&nbsp;&nbsp; 1035 | 1006809 |
| &nbsp;&nbsp;&nbsp; 3.13%, 08/20/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 825 | 811275 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Supranational (continued)** | **Supranational (continued)** | **Supranational (continued)** |
| &nbsp;&nbsp;&nbsp; 3.13%, 09/26/28 | &nbsp;&nbsp;&nbsp; $225 | $219660 |
| &nbsp;&nbsp;&nbsp; 3.63%, 08/28/29 | &nbsp;&nbsp;&nbsp; 1103 | 1089305 |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/25/28 | &nbsp;&nbsp;&nbsp; 2781 | 2768746 |
| &nbsp;&nbsp;&nbsp; 4.13%, 01/12/27 | &nbsp;&nbsp;&nbsp; 1190 | 1190643 |
| &nbsp;&nbsp;&nbsp; 4.13%, 05/30/30 | &nbsp;&nbsp;&nbsp; 485 | 488057 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/14/28 | &nbsp;&nbsp;&nbsp; 1540 | 1556510 |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/06/29 | &nbsp;&nbsp;&nbsp; 1294 | 1312204 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/25/28 | &nbsp;&nbsp;&nbsp; 1270 | 1290811 |
| &nbsp;&nbsp;&nbsp; 5.82%, 06/16/28 | &nbsp;&nbsp;&nbsp; 110 | 115402 |
| &nbsp;&nbsp;&nbsp; 6.22%, 08/15/27 | &nbsp;&nbsp;&nbsp; 340 | 352366 |
| Asian Infrastructure Investment Bank (The) |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 09/14/27 | &nbsp;&nbsp;&nbsp; 205 | 204074 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/15/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 120 | 119831 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/18/28 | &nbsp;&nbsp;&nbsp; 1155 | 1157042 |
| &nbsp;&nbsp;&nbsp; 4.13%, 01/18/29 | &nbsp;&nbsp;&nbsp; 1305 | 1311727 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/16/30 | &nbsp;&nbsp;&nbsp; 575 | 587257 |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/14/26 | &nbsp;&nbsp;&nbsp; 200 | 201559 |
| &nbsp;&nbsp;&nbsp; Banque Ouest Africaine de Developpement, 5.00%, <br> 07/27/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 280 | 275969 |
| Corp. Andina de Fomento |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 02/08/27 | &nbsp;&nbsp;&nbsp; 235 | 227765 |
| &nbsp;&nbsp;&nbsp; 4.13%, 01/07/28 | &nbsp;&nbsp;&nbsp; 560 | 558384 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/24/29 | &nbsp;&nbsp;&nbsp; 755 | 771958 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/22/30 | &nbsp;&nbsp;&nbsp; 655 | 672253 |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/26/27 | &nbsp;&nbsp;&nbsp; 985 | 1011741 |
| Council of Europe Development Bank |  |  |
| &nbsp;&nbsp;&nbsp; 0.88%, 09/22/26 | &nbsp;&nbsp;&nbsp; 351 | 338427 |
| &nbsp;&nbsp;&nbsp; 3.63%, 01/26/28 | &nbsp;&nbsp;&nbsp; 5 | 4963 |
| &nbsp;&nbsp;&nbsp; 4.13%, 01/24/29 | &nbsp;&nbsp;&nbsp; 920 | 924179 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/15/30 | &nbsp;&nbsp;&nbsp; 205 | 209201 |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/11/27 | &nbsp;&nbsp;&nbsp; 385 | 388865 |
| European Bank for Reconstruction & Development |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 01/25/29 | &nbsp;&nbsp;&nbsp; 1065 | 1071286 |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/09/28 | &nbsp;&nbsp;&nbsp; 850 | 859128 |
| European Investment Bank |  |  |
| &nbsp;&nbsp;&nbsp; 0.63%, 10/21/27 | &nbsp;&nbsp;&nbsp; 200 | 185974 |
| &nbsp;&nbsp;&nbsp; 0.75%, 10/26/26 | &nbsp;&nbsp;&nbsp; 1635 | 1569054 |
| &nbsp;&nbsp;&nbsp; 1.38%, 03/15/27 | &nbsp;&nbsp;&nbsp; 365 | 349987 |
| &nbsp;&nbsp;&nbsp; 1.63%, 10/09/29 | &nbsp;&nbsp;&nbsp; 220 | 200417 |
| &nbsp;&nbsp;&nbsp; 1.75%, 03/15/29 | &nbsp;&nbsp;&nbsp; 250 | 231623 |
| &nbsp;&nbsp;&nbsp; 2.38%, 05/24/27 | &nbsp;&nbsp;&nbsp; 210 | 204008 |
| &nbsp;&nbsp;&nbsp; 3.25%, 11/15/27 | &nbsp;&nbsp;&nbsp; 1385 | 1363897 |
| &nbsp;&nbsp;&nbsp; 3.75%, 11/15/29 | &nbsp;&nbsp;&nbsp; 1300 | 1289674 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/15/28 | &nbsp;&nbsp;&nbsp; 3710 | 3706808 |
| &nbsp;&nbsp;&nbsp; 3.88%, 06/15/28 | &nbsp;&nbsp;&nbsp; 1100 | 1099271 |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/15/29 | &nbsp;&nbsp;&nbsp; 2880 | 2886648 |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/19/27 | &nbsp;&nbsp;&nbsp; 1010 | 1015585 |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/16/28 | &nbsp;&nbsp;&nbsp; 1050 | 1068168 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/14/30 | &nbsp;&nbsp;&nbsp; 1865 | 1907101 |
| &nbsp;&nbsp;&nbsp; 4.75%, 06/15/29 | &nbsp;&nbsp;&nbsp; 1555 | 1599714 |
| European Stability Mechanism, 4.75%, 09/14/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 1006451 |
| Inter-American Development Bank |  |  |
| &nbsp;&nbsp;&nbsp; 0.63%, 09/16/27 | &nbsp;&nbsp;&nbsp; 150 | 139839 |
| &nbsp;&nbsp;&nbsp; 1.13%, 07/20/28 | &nbsp;&nbsp;&nbsp; 265 | 244320 |
| &nbsp;&nbsp;&nbsp; 1.50%, 01/13/27 | &nbsp;&nbsp;&nbsp; 140 | 134957 |
| &nbsp;&nbsp;&nbsp; 2.25%, 06/18/29 | &nbsp;&nbsp;&nbsp; 1150 | 1079338 |
| &nbsp;&nbsp;&nbsp; 2.38%, 07/07/27 | &nbsp;&nbsp;&nbsp; 455 | 441382 |
| &nbsp;&nbsp;&nbsp; 3.13%, 09/18/28 | &nbsp;&nbsp;&nbsp; 630 | 614864 |
| &nbsp;&nbsp;&nbsp; 3.50%, 09/14/29 | &nbsp;&nbsp;&nbsp; 250 | 245447 |
| &nbsp;&nbsp;&nbsp; 3.75%, 06/14/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 150 | 148454 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/12/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 3460 | 3465528 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Supranational (continued)** | **Supranational (continued)** | **Supranational (continued)** |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/15/29 | &nbsp;&nbsp;&nbsp; $1600 | $1608915 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/27 | &nbsp;&nbsp;&nbsp; 370 | 371582 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/30 | &nbsp;&nbsp;&nbsp; 1275 | 1302590 |
| &nbsp;&nbsp;&nbsp; 4.80%, 01/22/30 | &nbsp;&nbsp;&nbsp; 5 | 5016 |
| Inter-American Investment Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 02/17/27 | &nbsp;&nbsp;&nbsp; 395 | 391769 |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/15/28 | &nbsp;&nbsp;&nbsp; 70 | 70162 |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/14/29 | &nbsp;&nbsp;&nbsp; 365 | 367134 |
| &nbsp;&nbsp;&nbsp; 4.25%, 04/01/30 | &nbsp;&nbsp;&nbsp; 250 | 251573 |
| &nbsp;&nbsp;&nbsp; 4.75%, 09/19/28 | &nbsp;&nbsp;&nbsp; 745 | 760487 |
| &nbsp;&nbsp;&nbsp; International Bank for Reconstruction & <br> Development<br>|  |  |
| &nbsp;&nbsp;&nbsp; 0.75%, 11/24/27 | &nbsp;&nbsp;&nbsp; 1435 | 1333695 |
| &nbsp;&nbsp;&nbsp; 0.88%, 05/14/30 | &nbsp;&nbsp;&nbsp; 1005 | 870040 |
| &nbsp;&nbsp;&nbsp; 1.13%, 09/13/28 | &nbsp;&nbsp;&nbsp; 1390 | 1276341 |
| &nbsp;&nbsp;&nbsp; 1.38%, 04/20/28 | &nbsp;&nbsp;&nbsp; 2094 | 1957146 |
| &nbsp;&nbsp;&nbsp; 1.75%, 10/23/29 | &nbsp;&nbsp;&nbsp; 780 | 712833 |
| &nbsp;&nbsp;&nbsp; 1.88%, 10/27/26 | &nbsp;&nbsp;&nbsp; 423 | 411537 |
| &nbsp;&nbsp;&nbsp; 2.50%, 11/22/27 | &nbsp;&nbsp;&nbsp; 315 | 304885 |
| &nbsp;&nbsp;&nbsp; 3.13%, 06/15/27 | &nbsp;&nbsp;&nbsp; 3480 | 3426112 |
| &nbsp;&nbsp;&nbsp; 3.50%, 07/12/28 | &nbsp;&nbsp;&nbsp; 2295 | 2267825 |
| &nbsp;&nbsp;&nbsp; 3.63%, 05/05/28 | &nbsp;&nbsp;&nbsp; 5 | 4964 |
| &nbsp;&nbsp;&nbsp; 3.63%, 09/21/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 225 | 221959 |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/16/29 | &nbsp;&nbsp;&nbsp; 1535 | 1528683 |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/14/30 | &nbsp;&nbsp;&nbsp; 1505 | 1499295 |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/27/26 | &nbsp;&nbsp;&nbsp; 950 | 948267 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/25/30 | &nbsp;&nbsp;&nbsp; 1250 | 1250434 |
| &nbsp;&nbsp;&nbsp; 4.13%, 03/20/30 | &nbsp;&nbsp;&nbsp; 1895 | 1907542 |
| &nbsp;&nbsp;&nbsp; 4.63%, 08/01/28 | &nbsp;&nbsp;&nbsp; 1615 | 1646200 |
| International Development Association |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/11/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 600 | 599346 |
| &nbsp;&nbsp;&nbsp; 4.38%, 06/11/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1290 | 1306533 |
| &nbsp;&nbsp;&nbsp; 4.38%, 11/27/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1075 | 1089702 |
| &nbsp;&nbsp;&nbsp; Series GDIF, 0.75%, 06/10/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 350 | 329551 |
| International Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 0.75%, 10/08/26 | &nbsp;&nbsp;&nbsp; 410 | 394100 |
| &nbsp;&nbsp;&nbsp; 4.25%, 07/02/29 | &nbsp;&nbsp;&nbsp; 685 | 691862 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/27 | &nbsp;&nbsp;&nbsp; 235 | 235951 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/21/28 | &nbsp;&nbsp;&nbsp; 105 | 106433 |
| &nbsp;&nbsp;&nbsp; 4.50%, 07/13/28 | &nbsp;&nbsp;&nbsp; 845 | 858330 |
| Nordic Investment Bank |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 09/08/27 | &nbsp;&nbsp;&nbsp; 200 | 197661 |
| &nbsp;&nbsp;&nbsp; 3.75%, 05/09/30 | &nbsp;&nbsp;&nbsp; 200 | 198017 |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/14/28 | &nbsp;&nbsp;&nbsp; 1040 | 1051545 |
|  |  | 92632799 |
| **Sweden — 0.1%** | **Sweden — 0.1%** | **Sweden — 0.1%** |
| Kommuninvest I Sverige AB |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/21/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 50 | 50012 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/30/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 401430 |
| Svensk Exportkredit AB |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 03/22/27 | &nbsp;&nbsp;&nbsp; 75 | 72726 |
| &nbsp;&nbsp;&nbsp; 3.75%, 09/13/27 | &nbsp;&nbsp;&nbsp; 465 | 462124 |
| &nbsp;&nbsp;&nbsp; 4.13%, 06/14/28 | &nbsp;&nbsp;&nbsp; 485 | 486391 |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/01/29 | &nbsp;&nbsp;&nbsp; 400 | 402488 |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/14/26 | &nbsp;&nbsp;&nbsp; 400 | 402846 |
|  |  | 2278017 |
| **Thailand — 0.0%** | **Thailand — 0.0%** | **Thailand — 0.0%** |
| Export Import Bank of Thailand, 5.35%, 05/16/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205592 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Trinidad and Tobago — 0.0%** | **Trinidad and Tobago — 0.0%** | **Trinidad and Tobago — 0.0%** |
| &nbsp;&nbsp;&nbsp; Trinidad & Tobago Government International Bond, <br> 4.50%, 08/04/26<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; $400 | $393999 |
| **Turkey — 0.3%** | **Turkey — 0.3%** | **Turkey — 0.3%** |
| Hazine Mustesarligi Varlik Kiralama AS |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/26/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 601597 |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/24/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 1022626 |
| &nbsp;&nbsp;&nbsp; 8.51%, 01/14/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 800 | 854052 |
| &nbsp;&nbsp;&nbsp; Istanbul Metropolitan Municipality, 10.50%, <br> 12/06/28<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 216892 |
| Turkey Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 10/09/26 | &nbsp;&nbsp;&nbsp; 800 | 796632 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/17/28 | &nbsp;&nbsp;&nbsp; 400 | 393718 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/13/30 | &nbsp;&nbsp;&nbsp; 600 | 573563 |
| &nbsp;&nbsp;&nbsp; 6.00%, 03/25/27 | &nbsp;&nbsp;&nbsp; 1000 | 1007498 |
| &nbsp;&nbsp;&nbsp; 6.13%, 10/24/28 | &nbsp;&nbsp;&nbsp; 800 | 805145 |
| &nbsp;&nbsp;&nbsp; 7.63%, 04/26/29 | &nbsp;&nbsp;&nbsp; 1000 | 1048778 |
| &nbsp;&nbsp;&nbsp; 8.60%, 09/24/27 | &nbsp;&nbsp;&nbsp; 600 | 635267 |
| &nbsp;&nbsp;&nbsp; 9.13%, 07/13/30 | &nbsp;&nbsp;&nbsp; 800 | 890142 |
| &nbsp;&nbsp;&nbsp; 9.38%, 03/14/29 | &nbsp;&nbsp;&nbsp; 600 | 661819 |
| &nbsp;&nbsp;&nbsp; 9.88%, 01/15/28 | &nbsp;&nbsp;&nbsp; 1200 | 1311058 |
| &nbsp;&nbsp;&nbsp; Turkiye Government International Bond, 11.88%, <br> 01/15/30<br>| &nbsp;&nbsp;&nbsp; 400 | 493302 |
| Turkiye Ihracat Kredi Bankasi AS |  |  |
| &nbsp;&nbsp;&nbsp; 7.50%, 02/06/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205455 |
| &nbsp;&nbsp;&nbsp; 9.00%, 01/28/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 209529 |
| Turkiye Vakiflar Bankasi TAO, 5.50%, 10/01/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199864 |
|  |  | 11926937 |
| **Ukraine — 0.0%** | **Ukraine — 0.0%** | **Ukraine — 0.0%** |
| &nbsp;&nbsp;&nbsp; Ukraine Government International Bond, 6.00%, <br> 02/01/29<sup>(d)(h)(k)</sup><br>| &nbsp;&nbsp;&nbsp; 463 | 282941 |
| **United Arab Emirates — 0.1%** | **United Arab Emirates — 0.1%** | **United Arab Emirates — 0.1%** |
| Abu Dhabi Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 1.63%, 06/02/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 373655 |
| &nbsp;&nbsp;&nbsp; 2.50%, 09/30/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 800 | 750123 |
| &nbsp;&nbsp;&nbsp; 3.13%, 10/11/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1400 | 1370205 |
| &nbsp;&nbsp;&nbsp; 3.13%, 04/16/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 800 | 766905 |
| &nbsp;&nbsp;&nbsp; 4.88%, 04/30/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 600 | 615000 |
| Dubai DOF Sukuk Ltd., 5.00%, 04/30/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 410071 |
| Sharjah Sukuk Program Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.94%, 06/10/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 385998 |
| &nbsp;&nbsp;&nbsp; 3.23%, 10/23/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 187438 |
| &nbsp;&nbsp;&nbsp; 4.23%, 03/14/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 400 | 393270 |
|  |  | 5252665 |
| **United Kingdom — 0.0%** | **United Kingdom — 0.0%** | **United Kingdom — 0.0%** |
| Bank of England Euro Note, 4.50%, 03/05/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 575 | 578639 |
| &nbsp;&nbsp;&nbsp; International Finance Facility for Immunisation Co., <br> 4.13%, 10/29/27<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 95 | 95085 |
|  |  | 673724 |
| **Uruguay — 0.0%** | **Uruguay — 0.0%** | **Uruguay — 0.0%** |
| &nbsp;&nbsp;&nbsp; Uruguay Government International Bond, 4.38%, <br> 10/27/27<br>| &nbsp;&nbsp;&nbsp; 400 | 400816 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Uzbekistan — 0.0%** | **Uzbekistan — 0.0%** | **Uzbekistan — 0.0%** |
| Republic of Uzbekistan International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 02/20/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; $200 | $197095 |
| &nbsp;&nbsp;&nbsp; 7.85%, 10/12/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 200 | 212925 |
|  |  | 410020 |
| **Total Foreign Government Obligations — 6.4%** <br>**(Cost: $278,656,965)** | **Total Foreign Government Obligations — 6.4%** <br>**(Cost: $278,656,965)** | 281744000 |
| **Municipal Debt Obligations** | **Municipal Debt Obligations** | **Municipal Debt Obligations** |
| **California — 0.0%** | **California — 0.0%** | **California — 0.0%** |
| &nbsp;&nbsp;&nbsp; San Francisco City & County Public Utilities <br> Commission Wastewater Revenue RB, <br> Class A,4.66%, 10/01/27<br>| &nbsp;&nbsp;&nbsp; 250 | 252374 |
| State of California GO |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/01/29 | &nbsp;&nbsp;&nbsp; 500 | 506369 |
| &nbsp;&nbsp;&nbsp; 5.13%, 09/01/29 | &nbsp;&nbsp;&nbsp; 200 | 207169 |
| &nbsp;&nbsp;&nbsp; University of California RB, Series BG, 1.32%, <br> 05/15/27<br>| &nbsp;&nbsp;&nbsp; 600 | 570251 |
|  |  | 1536163 |
| **Florida — 0.0%** | **Florida — 0.0%** | **Florida — 0.0%** |
| &nbsp;&nbsp;&nbsp; State Board of Administration Finance Corp. RB, <br> 1.71%, 07/01/27<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 250 | 237472 |
| **Oregon — 0.0%** | **Oregon — 0.0%** | **Oregon — 0.0%** |
| State of Oregon GO, 5.89%, 06/01/27 | &nbsp;&nbsp;&nbsp; 276 | 280699 |
| **Wisconsin — 0.0%** | **Wisconsin — 0.0%** | **Wisconsin — 0.0%** |
| State of Wisconsin RB, Series C, 3.15%, 05/01/27 | &nbsp;&nbsp;&nbsp; 215 | 211527 |
| **Total Municipal Debt Obligations — 0.0%** <br>**(Cost: $2,251,183)** | **Total Municipal Debt Obligations — 0.0%** <br>**(Cost: $2,251,183)** | 2265861 |
| **U.S. Government & Agency Obligations** | **U.S. Government & Agency Obligations** | **U.S. Government & Agency Obligations** |
| **Mortgage-Backed Securities — 3.8%** | **Mortgage-Backed Securities — 3.8%** | **Mortgage-Backed Securities — 3.8%** |
| Federal Home Loan Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 01/01/30 | &nbsp;&nbsp;&nbsp; 150 | 145666 |
| &nbsp;&nbsp;&nbsp; 2.50%, 08/01/31 | &nbsp;&nbsp;&nbsp; 138 | 132386 |
| &nbsp;&nbsp;&nbsp; 2.50%, 10/01/31 | &nbsp;&nbsp;&nbsp; 362 | 346776 |
| &nbsp;&nbsp;&nbsp; 2.50%, 12/01/31 | &nbsp;&nbsp;&nbsp; 207 | 197527 |
| &nbsp;&nbsp;&nbsp; 2.50%, 02/01/32 | &nbsp;&nbsp;&nbsp; 242 | 231113 |
| &nbsp;&nbsp;&nbsp; 2.50%, 01/01/33 | &nbsp;&nbsp;&nbsp; 638 | 607497 |
| &nbsp;&nbsp;&nbsp; 3.00%, 05/01/29 | &nbsp;&nbsp;&nbsp; 3942 | 3876396 |
| &nbsp;&nbsp;&nbsp; 3.00%, 05/01/30 | &nbsp;&nbsp;&nbsp; 141 | 137884 |
| &nbsp;&nbsp;&nbsp; 3.00%, 06/01/30 | &nbsp;&nbsp;&nbsp; 10 | 9872 |
| &nbsp;&nbsp;&nbsp; 3.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 111 | 108994 |
| &nbsp;&nbsp;&nbsp; 3.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 162 | 156763 |
| &nbsp;&nbsp;&nbsp; 3.00%, 05/01/31 | &nbsp;&nbsp;&nbsp; 61 | 59616 |
| &nbsp;&nbsp;&nbsp; 3.00%, 06/01/31 | &nbsp;&nbsp;&nbsp; 43 | 41676 |
| &nbsp;&nbsp;&nbsp; 3.50%, 05/01/32 | &nbsp;&nbsp;&nbsp; 35 | 34490 |
| &nbsp;&nbsp;&nbsp; 3.50%, 09/01/32 | &nbsp;&nbsp;&nbsp; 26 | 25726 |
| &nbsp;&nbsp;&nbsp; 3.50%, 07/01/33 | &nbsp;&nbsp;&nbsp; 69 | 67444 |
| &nbsp;&nbsp;&nbsp; 3.50%, 06/01/34 | &nbsp;&nbsp;&nbsp; 329 | 319655 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/01/33 | &nbsp;&nbsp;&nbsp; 60 | 59743 |
| &nbsp;&nbsp;&nbsp; 6.62%, 02/01/45<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5 | 4845 |
| &nbsp;&nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily <br> Structured Pass-Through Certificates<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series K077, Class A2, 3.85%, 05/25/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 804 | 795248 |
| &nbsp;&nbsp;&nbsp; Series K098, Class A2, 2.43%, 08/25/29 | &nbsp;&nbsp;&nbsp; 5000 | 4667223 |
| &nbsp;&nbsp;&nbsp; Series K-1512, Class A2, 2.99%, 05/25/31 | &nbsp;&nbsp;&nbsp; 460 | 427995 |
| &nbsp;&nbsp;&nbsp; Series K-1512, Class A3, 3.06%, 04/25/34 | &nbsp;&nbsp;&nbsp; 450 | 397234 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; Series K154, Class A2, 3.42%, 04/25/32 | &nbsp;&nbsp;&nbsp; $1300 | $1259118 |
| &nbsp;&nbsp;&nbsp; Series K739, Class A2, 1.34%, 09/25/27 | &nbsp;&nbsp;&nbsp; 1971 | 1866131 |
| Federal National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp; 6.59%, 04/01/44<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 18 | 18243 |
| &nbsp;&nbsp;&nbsp; 6.99%, 12/01/44<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6 | 6101 |
| Federal National Mortgage Association-ACES |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016-M3, Class A2, 2.70%, 02/25/26 | &nbsp;&nbsp;&nbsp; 3086 | 3052312 |
| &nbsp;&nbsp;&nbsp; Series 2017-M7, Class A2, 2.96%, 02/25/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 770 | 753973 |
| Uniform Mortgage-Backed Securities |  |  |
| &nbsp;&nbsp;&nbsp; 1.50%, 02/01/36 | &nbsp;&nbsp;&nbsp; 1685 | 1500719 |
| &nbsp;&nbsp;&nbsp; 1.50%, 03/01/36 | &nbsp;&nbsp;&nbsp; 1838 | 1631364 |
| &nbsp;&nbsp;&nbsp; 1.50%, 10/01/36 | &nbsp;&nbsp;&nbsp; 1831 | 1623648 |
| &nbsp;&nbsp;&nbsp; 1.50%, 11/01/36 | &nbsp;&nbsp;&nbsp; 1510 | 1338364 |
| &nbsp;&nbsp;&nbsp; 1.50%, 02/01/37 | &nbsp;&nbsp;&nbsp; 10398 | 9203639 |
| &nbsp;&nbsp;&nbsp; 1.50%, 03/01/37 | &nbsp;&nbsp;&nbsp; 7447 | 6574652 |
| &nbsp;&nbsp;&nbsp; 1.50%, 08/01/37 | &nbsp;&nbsp;&nbsp; 1303 | 1153691 |
| &nbsp;&nbsp;&nbsp; 2.00%, 10/01/35 | &nbsp;&nbsp;&nbsp; 7223 | 6624889 |
| &nbsp;&nbsp;&nbsp; 2.00%, 11/01/35 | &nbsp;&nbsp;&nbsp; 2326 | 2139979 |
| &nbsp;&nbsp;&nbsp; 2.00%, 12/01/35 | &nbsp;&nbsp;&nbsp; 4844 | 4429847 |
| &nbsp;&nbsp;&nbsp; 2.00%, 02/01/36 | &nbsp;&nbsp;&nbsp; 14919 | 13665364 |
| &nbsp;&nbsp;&nbsp; 2.00%, 03/01/36 | &nbsp;&nbsp;&nbsp; 5420 | 4947066 |
| &nbsp;&nbsp;&nbsp; 2.00%, 04/01/36 | &nbsp;&nbsp;&nbsp; 2034 | 1851274 |
| &nbsp;&nbsp;&nbsp; 2.00%, 05/01/36 | &nbsp;&nbsp;&nbsp; 9371 | 8570535 |
| &nbsp;&nbsp;&nbsp; 2.00%, 06/01/36 | &nbsp;&nbsp;&nbsp; 771 | 701572 |
| &nbsp;&nbsp;&nbsp; 2.00%, 07/01/36 | &nbsp;&nbsp;&nbsp; 5498 | 4995802 |
| &nbsp;&nbsp;&nbsp; 2.00%, 08/01/36 | &nbsp;&nbsp;&nbsp; 589 | 536268 |
| &nbsp;&nbsp;&nbsp; 2.00%, 10/01/36 | &nbsp;&nbsp;&nbsp; 1260 | 1147417 |
| &nbsp;&nbsp;&nbsp; 2.00%, 11/01/36 | &nbsp;&nbsp;&nbsp; 5969 | 5433307 |
| &nbsp;&nbsp;&nbsp; 2.00%, 12/01/36 | &nbsp;&nbsp;&nbsp; 8151 | 7417824 |
| &nbsp;&nbsp;&nbsp; 2.00%, 01/01/37 | &nbsp;&nbsp;&nbsp; 5868 | 5342966 |
| &nbsp;&nbsp;&nbsp; 2.00%, 02/01/37 | &nbsp;&nbsp;&nbsp; 3656 | 3324095 |
| &nbsp;&nbsp;&nbsp; 2.00%, 08/15/39<sup>(m)</sup> | &nbsp;&nbsp;&nbsp; 2000 | 1815428 |
| &nbsp;&nbsp;&nbsp; 2.50%, 07/01/28 | &nbsp;&nbsp;&nbsp; 150 | 146694 |
| &nbsp;&nbsp;&nbsp; 2.50%, 12/01/29 | &nbsp;&nbsp;&nbsp; 31 | 30466 |
| &nbsp;&nbsp;&nbsp; 2.50%, 03/01/30 | &nbsp;&nbsp;&nbsp; 28 | 26765 |
| &nbsp;&nbsp;&nbsp; 2.50%, 07/01/30 | &nbsp;&nbsp;&nbsp; 31 | 29245 |
| &nbsp;&nbsp;&nbsp; 2.50%, 08/01/30 | &nbsp;&nbsp;&nbsp; 102 | 98665 |
| &nbsp;&nbsp;&nbsp; 2.50%, 12/01/30 | &nbsp;&nbsp;&nbsp; 17 | 15966 |
| &nbsp;&nbsp;&nbsp; 2.50%, 01/01/31 | &nbsp;&nbsp;&nbsp; 15 | 14265 |
| &nbsp;&nbsp;&nbsp; 2.50%, 05/01/31 | &nbsp;&nbsp;&nbsp; 309 | 296220 |
| &nbsp;&nbsp;&nbsp; 2.50%, 08/01/31 | &nbsp;&nbsp;&nbsp; 410 | 393449 |
| &nbsp;&nbsp;&nbsp; 2.50%, 09/01/31 | &nbsp;&nbsp;&nbsp; 325 | 310363 |
| &nbsp;&nbsp;&nbsp; 2.50%, 10/01/31 | &nbsp;&nbsp;&nbsp; 1388 | 1334651 |
| &nbsp;&nbsp;&nbsp; 2.50%, 12/01/31 | &nbsp;&nbsp;&nbsp; 497 | 474989 |
| &nbsp;&nbsp;&nbsp; 2.50%, 01/01/32 | &nbsp;&nbsp;&nbsp; 1038 | 992173 |
| &nbsp;&nbsp;&nbsp; 2.50%, 02/01/32 | &nbsp;&nbsp;&nbsp; 401 | 383949 |
| &nbsp;&nbsp;&nbsp; 2.50%, 03/01/32 | &nbsp;&nbsp;&nbsp; 402 | 383689 |
| &nbsp;&nbsp;&nbsp; 2.50%, 04/01/32 | &nbsp;&nbsp;&nbsp; 2685 | 2571261 |
| &nbsp;&nbsp;&nbsp; 2.50%, 07/01/32 | &nbsp;&nbsp;&nbsp; 2831 | 2714084 |
| &nbsp;&nbsp;&nbsp; 2.50%, 10/01/32 | &nbsp;&nbsp;&nbsp; 56 | 53044 |
| &nbsp;&nbsp;&nbsp; 2.50%, 01/01/33 | &nbsp;&nbsp;&nbsp; 470 | 449828 |
| &nbsp;&nbsp;&nbsp; 2.50%, 07/01/35 | &nbsp;&nbsp;&nbsp; 4666 | 4372296 |
| &nbsp;&nbsp;&nbsp; 2.50%, 10/01/35 | &nbsp;&nbsp;&nbsp; 501 | 468371 |
| &nbsp;&nbsp;&nbsp; 2.50%, 03/01/36 | &nbsp;&nbsp;&nbsp; 1106 | 1032854 |
| &nbsp;&nbsp;&nbsp; 2.50%, 05/01/36 | &nbsp;&nbsp;&nbsp; 7233 | 6742879 |
| &nbsp;&nbsp;&nbsp; 2.50%, 06/01/36 | &nbsp;&nbsp;&nbsp; 181 | 168629 |
| &nbsp;&nbsp;&nbsp; 2.50%, 07/01/36 | &nbsp;&nbsp;&nbsp; 443 | 413317 |
| &nbsp;&nbsp;&nbsp; 2.50%, 08/01/36 | &nbsp;&nbsp;&nbsp; 2251 | 2096978 |
| &nbsp;&nbsp;&nbsp; 2.50%, 04/01/37 | &nbsp;&nbsp;&nbsp; 1393 | 1293517 |
| &nbsp;&nbsp;&nbsp; 2.50%, 05/01/37 | &nbsp;&nbsp;&nbsp; 403 | 374373 |
| &nbsp;&nbsp;&nbsp; 2.50%, 08/15/39<sup>(m)</sup> | &nbsp;&nbsp;&nbsp; 1175 | 1090770 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; 3.00%, 10/01/27 | &nbsp;&nbsp;&nbsp; $11 | $11020 |
| &nbsp;&nbsp;&nbsp; 3.00%, 10/01/28 | &nbsp;&nbsp;&nbsp; 53 | 51532 |
| &nbsp;&nbsp;&nbsp; 3.00%, 11/01/28 | &nbsp;&nbsp;&nbsp; 57 | 56146 |
| &nbsp;&nbsp;&nbsp; 3.00%, 03/01/30 | &nbsp;&nbsp;&nbsp; 1464 | 1435965 |
| &nbsp;&nbsp;&nbsp; 3.00%, 04/01/30 | &nbsp;&nbsp;&nbsp; 36 | 35196 |
| &nbsp;&nbsp;&nbsp; 3.00%, 07/01/30 | &nbsp;&nbsp;&nbsp; 24 | 23396 |
| &nbsp;&nbsp;&nbsp; 3.00%, 08/01/30 | &nbsp;&nbsp;&nbsp; 86 | 83902 |
| &nbsp;&nbsp;&nbsp; 3.00%, 09/01/30 | &nbsp;&nbsp;&nbsp; 126 | 122261 |
| &nbsp;&nbsp;&nbsp; 3.00%, 10/01/30 | &nbsp;&nbsp;&nbsp; 68 | 65707 |
| &nbsp;&nbsp;&nbsp; 3.00%, 11/01/30 | &nbsp;&nbsp;&nbsp; 16 | 15282 |
| &nbsp;&nbsp;&nbsp; 3.00%, 12/01/30 | &nbsp;&nbsp;&nbsp; 62 | 60099 |
| &nbsp;&nbsp;&nbsp; 3.00%, 01/01/31 | &nbsp;&nbsp;&nbsp; 766 | 746796 |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/01/31 | &nbsp;&nbsp;&nbsp; 389 | 379664 |
| &nbsp;&nbsp;&nbsp; 3.00%, 03/01/31 | &nbsp;&nbsp;&nbsp; 87 | 84197 |
| &nbsp;&nbsp;&nbsp; 3.00%, 04/01/31 | &nbsp;&nbsp;&nbsp; 47 | 45392 |
| &nbsp;&nbsp;&nbsp; 3.00%, 06/01/31 | &nbsp;&nbsp;&nbsp; 261 | 252436 |
| &nbsp;&nbsp;&nbsp; 3.00%, 09/01/31 | &nbsp;&nbsp;&nbsp; 84 | 81504 |
| &nbsp;&nbsp;&nbsp; 3.00%, 10/01/31 | &nbsp;&nbsp;&nbsp; 13 | 12645 |
| &nbsp;&nbsp;&nbsp; 3.00%, 01/01/32 | &nbsp;&nbsp;&nbsp; 262 | 254734 |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/01/32 | &nbsp;&nbsp;&nbsp; 565 | 547634 |
| &nbsp;&nbsp;&nbsp; 3.00%, 03/01/32 | &nbsp;&nbsp;&nbsp; 85 | 82554 |
| &nbsp;&nbsp;&nbsp; 3.00%, 06/01/32 | &nbsp;&nbsp;&nbsp; 277 | 268431 |
| &nbsp;&nbsp;&nbsp; 3.00%, 11/01/32 | &nbsp;&nbsp;&nbsp; 290 | 280296 |
| &nbsp;&nbsp;&nbsp; 3.00%, 12/01/32 | &nbsp;&nbsp;&nbsp; 482 | 465488 |
| &nbsp;&nbsp;&nbsp; 3.00%, 10/01/33 | &nbsp;&nbsp;&nbsp; 359 | 345269 |
| &nbsp;&nbsp;&nbsp; 3.00%, 07/01/34 | &nbsp;&nbsp;&nbsp; 143 | 136372 |
| &nbsp;&nbsp;&nbsp; 3.00%, 09/01/34 | &nbsp;&nbsp;&nbsp; 1777 | 1701063 |
| &nbsp;&nbsp;&nbsp; 3.00%, 11/01/34 | &nbsp;&nbsp;&nbsp; 278 | 265336 |
| &nbsp;&nbsp;&nbsp; 3.00%, 07/01/37 | &nbsp;&nbsp;&nbsp; 646 | 615377 |
| &nbsp;&nbsp;&nbsp; 3.50%, 01/01/27 | &nbsp;&nbsp;&nbsp; 1 | 1268 |
| &nbsp;&nbsp;&nbsp; 3.50%, 12/01/29 | &nbsp;&nbsp;&nbsp; 5 | 5412 |
| &nbsp;&nbsp;&nbsp; 3.50%, 07/01/30 | &nbsp;&nbsp;&nbsp; 54 | 52990 |
| &nbsp;&nbsp;&nbsp; 3.50%, 10/01/30 | &nbsp;&nbsp;&nbsp; 24 | 23883 |
| &nbsp;&nbsp;&nbsp; 3.50%, 11/01/30 | &nbsp;&nbsp;&nbsp; 4 | 3542 |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/01/31 | &nbsp;&nbsp;&nbsp; 45 | 44693 |
| &nbsp;&nbsp;&nbsp; 3.50%, 06/01/31 | &nbsp;&nbsp;&nbsp; 64 | 62929 |
| &nbsp;&nbsp;&nbsp; 3.50%, 01/01/32 | &nbsp;&nbsp;&nbsp; 41 | 40501 |
| &nbsp;&nbsp;&nbsp; 3.50%, 05/01/32 | &nbsp;&nbsp;&nbsp; 66 | 64053 |
| &nbsp;&nbsp;&nbsp; 3.50%, 06/01/32 | &nbsp;&nbsp;&nbsp; 87 | 84792 |
| &nbsp;&nbsp;&nbsp; 3.50%, 07/01/32 | &nbsp;&nbsp;&nbsp; 24 | 22937 |
| &nbsp;&nbsp;&nbsp; 3.50%, 08/01/32 | &nbsp;&nbsp;&nbsp; 20 | 20002 |
| &nbsp;&nbsp;&nbsp; 3.50%, 09/01/32 | &nbsp;&nbsp;&nbsp; 117 | 114920 |
| &nbsp;&nbsp;&nbsp; 3.50%, 10/01/32 | &nbsp;&nbsp;&nbsp; 20 | 19992 |
| &nbsp;&nbsp;&nbsp; 3.50%, 11/01/32 | &nbsp;&nbsp;&nbsp; 14 | 13966 |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/01/33 | &nbsp;&nbsp;&nbsp; 231 | 225689 |
| &nbsp;&nbsp;&nbsp; 3.50%, 04/01/33 | &nbsp;&nbsp;&nbsp; 277 | 270715 |
| &nbsp;&nbsp;&nbsp; 3.50%, 05/01/33 | &nbsp;&nbsp;&nbsp; 179 | 174494 |
| &nbsp;&nbsp;&nbsp; 3.50%, 06/01/33 | &nbsp;&nbsp;&nbsp; 328 | 319070 |
| &nbsp;&nbsp;&nbsp; 3.50%, 02/01/34 | &nbsp;&nbsp;&nbsp; 2432 | 2369951 |
| &nbsp;&nbsp;&nbsp; 3.50%, 07/01/34 | &nbsp;&nbsp;&nbsp; 155 | 152962 |
| &nbsp;&nbsp;&nbsp; 3.50%, 08/01/34 | &nbsp;&nbsp;&nbsp; 338 | 327844 |
| &nbsp;&nbsp;&nbsp; 3.50%, 01/01/35 | &nbsp;&nbsp;&nbsp; 267 | 258385 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/01/29 | &nbsp;&nbsp;&nbsp; 3 | 3286 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/01/32 | &nbsp;&nbsp;&nbsp; 20 | 19656 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/01/33 | &nbsp;&nbsp;&nbsp; 132 | 130601 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/01/33 | &nbsp;&nbsp;&nbsp; 65 | 64091 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/01/33 | &nbsp;&nbsp;&nbsp; 41 | 40159 |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/01/33 | &nbsp;&nbsp;&nbsp; 21 | 20883 |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/01/37 | &nbsp;&nbsp;&nbsp; 159 | 154966 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/37 | &nbsp;&nbsp;&nbsp; 212 | 206590 |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/01/37 | &nbsp;&nbsp;&nbsp; 310 | 302050 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** | **Mortgage-Backed Securities (continued)** |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/01/38 | &nbsp;&nbsp;&nbsp; $1026 | $1000052 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/01/38 | &nbsp;&nbsp;&nbsp; 141 | 137018 |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/01/38 | &nbsp;&nbsp;&nbsp; 86 | 84143 |
| &nbsp;&nbsp;&nbsp; 4.00%, 08/15/39<sup>(m)</sup> | &nbsp;&nbsp;&nbsp; 2304 | 2236200 |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/01/39 | &nbsp;&nbsp;&nbsp; 595 | 578013 |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/01/39 | &nbsp;&nbsp;&nbsp; 3713 | 3604967 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/15/39<sup>(m)</sup> | &nbsp;&nbsp;&nbsp; 112 | 110642 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/39<sup>(m)</sup> | &nbsp;&nbsp;&nbsp; 178 | 178479 |
|  |  | 166623587 |
| **U.S. Government Agency Obligations — 0.0%** | **U.S. Government Agency Obligations — 0.0%** | **U.S. Government Agency Obligations — 0.0%** |
| Federal Home Loan Banks, 3.25%, 06/09/28 | &nbsp;&nbsp;&nbsp; 1000 | 982554 |
| **U.S. Government Obligations — 51.1%** | **U.S. Government Obligations — 51.1%** | **U.S. Government Obligations — 51.1%** |
| U.S. Treasury Note/Bond |  |  |
| &nbsp;&nbsp;&nbsp; 0.38%, 09/30/27 | &nbsp;&nbsp;&nbsp; 17100 | 15854906 |
| &nbsp;&nbsp;&nbsp; 0.50%, 04/30/27 | &nbsp;&nbsp;&nbsp; 18000 | 16953047 |
| &nbsp;&nbsp;&nbsp; 0.50%, 05/31/27 | &nbsp;&nbsp;&nbsp; 14000 | 13151797 |
| &nbsp;&nbsp;&nbsp; 0.50%, 06/30/27 | &nbsp;&nbsp;&nbsp; 9570 | 8967015 |
| &nbsp;&nbsp;&nbsp; 0.50%, 08/31/27 | &nbsp;&nbsp;&nbsp; 10600 | 9879531 |
| &nbsp;&nbsp;&nbsp; 0.50%, 10/31/27 | &nbsp;&nbsp;&nbsp; 23100 | 21416227 |
| &nbsp;&nbsp;&nbsp; 0.63%, 11/30/27 | &nbsp;&nbsp;&nbsp; 23800 | 22074500 |
| &nbsp;&nbsp;&nbsp; 0.75%, 08/31/26 | &nbsp;&nbsp;&nbsp; 19500 | 18800742 |
| &nbsp;&nbsp;&nbsp; 0.88%, 09/30/26 | &nbsp;&nbsp;&nbsp; 17670 | 17020490 |
| &nbsp;&nbsp;&nbsp; 1.00%, 07/31/28 | &nbsp;&nbsp;&nbsp; 15000 | 13787109 |
| &nbsp;&nbsp;&nbsp; 1.13%, 10/31/26 | &nbsp;&nbsp;&nbsp; 18800 | 18120703 |
| &nbsp;&nbsp;&nbsp; 1.13%, 02/28/27 | &nbsp;&nbsp;&nbsp; 6400 | 6120000 |
| &nbsp;&nbsp;&nbsp; 1.13%, 02/29/28 | &nbsp;&nbsp;&nbsp; 20000 | 18648438 |
| &nbsp;&nbsp;&nbsp; 1.13%, 08/31/28 | &nbsp;&nbsp;&nbsp; 19000 | 17487422 |
| &nbsp;&nbsp;&nbsp; 1.25%, 11/30/26 | &nbsp;&nbsp;&nbsp; 19180 | 18483976 |
| &nbsp;&nbsp;&nbsp; 1.25%, 12/31/26 | &nbsp;&nbsp;&nbsp; 16750 | 16106826 |
| &nbsp;&nbsp;&nbsp; 1.25%, 03/31/28 | &nbsp;&nbsp;&nbsp; 20000 | 18671875 |
| &nbsp;&nbsp;&nbsp; 1.25%, 04/30/28 | &nbsp;&nbsp;&nbsp; 6684 | 6228130 |
| &nbsp;&nbsp;&nbsp; 1.25%, 05/31/28 | &nbsp;&nbsp;&nbsp; 7129 | 6629413 |
| &nbsp;&nbsp;&nbsp; 1.25%, 06/30/28 | &nbsp;&nbsp;&nbsp; 4500 | 4176211 |
| &nbsp;&nbsp;&nbsp; 1.25%, 09/30/28 | &nbsp;&nbsp;&nbsp; 10000 | 9219531 |
| &nbsp;&nbsp;&nbsp; 1.38%, 08/31/26 | &nbsp;&nbsp;&nbsp; 8860 | 8600430 |
| &nbsp;&nbsp;&nbsp; 1.38%, 10/31/28 | &nbsp;&nbsp;&nbsp; 10000 | 9239063 |
| &nbsp;&nbsp;&nbsp; 1.38%, 12/31/28 | &nbsp;&nbsp;&nbsp; 24000 | 22087500 |
| &nbsp;&nbsp;&nbsp; 1.50%, 08/15/26 | &nbsp;&nbsp;&nbsp; 14000 | 13622656 |
| &nbsp;&nbsp;&nbsp; 1.50%, 01/31/27 | &nbsp;&nbsp;&nbsp; 30700 | 29571535 |
| &nbsp;&nbsp;&nbsp; 1.50%, 11/30/28 | &nbsp;&nbsp;&nbsp; 12000 | 11109375 |
| &nbsp;&nbsp;&nbsp; 1.63%, 10/31/26 | &nbsp;&nbsp;&nbsp; 12500 | 12124024 |
| &nbsp;&nbsp;&nbsp; 1.75%, 12/31/26 | &nbsp;&nbsp;&nbsp; 10000 | 9684375 |
| &nbsp;&nbsp;&nbsp; 1.75%, 01/31/29 | &nbsp;&nbsp;&nbsp; 30000 | 27911719 |
| &nbsp;&nbsp;&nbsp; 1.88%, 02/28/27 | &nbsp;&nbsp;&nbsp; 20000 | 19349219 |
| &nbsp;&nbsp;&nbsp; 1.88%, 02/28/29 | &nbsp;&nbsp;&nbsp; 5000 | 4664453 |
| &nbsp;&nbsp;&nbsp; 2.00%, 11/15/26 | &nbsp;&nbsp;&nbsp; 17600 | 17138000 |
| &nbsp;&nbsp;&nbsp; 2.25%, 02/15/27 | &nbsp;&nbsp;&nbsp; 22300 | 21710270 |
| &nbsp;&nbsp;&nbsp; 2.25%, 08/15/27 | &nbsp;&nbsp;&nbsp; 20350 | 19679086 |
| &nbsp;&nbsp;&nbsp; 2.25%, 11/15/27 | &nbsp;&nbsp;&nbsp; 20900 | 20142375 |
| &nbsp;&nbsp;&nbsp; 2.38%, 05/15/27 | &nbsp;&nbsp;&nbsp; 21450 | 20858449 |
| &nbsp;&nbsp;&nbsp; 2.38%, 03/31/29 | &nbsp;&nbsp;&nbsp; 20000 | 18959375 |
| &nbsp;&nbsp;&nbsp; 2.50%, 03/31/27 | &nbsp;&nbsp;&nbsp; 24048 | 23471224 |
| &nbsp;&nbsp;&nbsp; 2.63%, 05/31/27 | &nbsp;&nbsp;&nbsp; 2000 | 1952656 |
| &nbsp;&nbsp;&nbsp; 2.63%, 07/31/29 | &nbsp;&nbsp;&nbsp; 29479 | 28087960 |
| &nbsp;&nbsp;&nbsp; 2.75%, 04/30/27 | &nbsp;&nbsp;&nbsp; 21800 | 21349523 |
| &nbsp;&nbsp;&nbsp; 2.75%, 07/31/27 | &nbsp;&nbsp;&nbsp; 21440 | 20950063 |
| &nbsp;&nbsp;&nbsp; 2.75%, 02/15/28 | &nbsp;&nbsp;&nbsp; 20000 | 19445313 |
| &nbsp;&nbsp;&nbsp; 2.75%, 05/31/29 | &nbsp;&nbsp;&nbsp; 25000 | 23974609 |
| &nbsp;&nbsp;&nbsp; 2.88%, 05/15/28 | &nbsp;&nbsp;&nbsp; 25000 | 24335937 |
| &nbsp;&nbsp;&nbsp; 2.88%, 08/15/28 | &nbsp;&nbsp;&nbsp; 22000 | 21360625 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| &nbsp;&nbsp;&nbsp; 2.88%, 04/30/29 | &nbsp;&nbsp;&nbsp; $25000 | $24105469 |
| &nbsp;&nbsp;&nbsp; 3.13%, 08/31/27 | &nbsp;&nbsp;&nbsp; 18447 | 18151560 |
| &nbsp;&nbsp;&nbsp; 3.13%, 11/15/28 | &nbsp;&nbsp;&nbsp; 22000 | 21479219 |
| &nbsp;&nbsp;&nbsp; 3.13%, 08/31/29 | &nbsp;&nbsp;&nbsp; 31950 | 30996492 |
| &nbsp;&nbsp;&nbsp; 3.25%, 06/30/27 | &nbsp;&nbsp;&nbsp; 20000 | 19743750 |
| &nbsp;&nbsp;&nbsp; 3.25%, 06/30/29 | &nbsp;&nbsp;&nbsp; 20000 | 19517188 |
| &nbsp;&nbsp;&nbsp; 3.38%, 09/15/27 | &nbsp;&nbsp;&nbsp; 5862 | 5797426 |
| &nbsp;&nbsp;&nbsp; 3.50%, 09/30/26 | &nbsp;&nbsp;&nbsp; 19162 | 19023525 |
| &nbsp;&nbsp;&nbsp; 3.50%, 01/31/28 | &nbsp;&nbsp;&nbsp; 14701 | 14563178 |
| &nbsp;&nbsp;&nbsp; 3.50%, 04/30/28 | &nbsp;&nbsp;&nbsp; 18422 | 18233462 |
| &nbsp;&nbsp;&nbsp; 3.50%, 09/30/29 | &nbsp;&nbsp;&nbsp; 25905 | 25482020 |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/31/28 | &nbsp;&nbsp;&nbsp; 4043 | 4016468 |
| &nbsp;&nbsp;&nbsp; 3.63%, 05/31/28 | &nbsp;&nbsp;&nbsp; 4159 | 4129432 |
| &nbsp;&nbsp;&nbsp; 3.63%, 08/31/29 | &nbsp;&nbsp;&nbsp; 8804 | 8705643 |
| &nbsp;&nbsp;&nbsp; 3.75%, 08/31/26 | &nbsp;&nbsp;&nbsp; 10235 | 10189822 |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/30/27 | &nbsp;&nbsp;&nbsp; 3646 | 3631758 |
| &nbsp;&nbsp;&nbsp; 3.75%, 06/30/27 | &nbsp;&nbsp;&nbsp; 10997 | 10956191 |
| &nbsp;&nbsp;&nbsp; 3.75%, 08/15/27 | &nbsp;&nbsp;&nbsp; 23574 | 23487439 |
| &nbsp;&nbsp;&nbsp; 3.75%, 12/31/28 | &nbsp;&nbsp;&nbsp; 28284 | 28146999 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/31/27 | &nbsp;&nbsp;&nbsp; 25660 | 25608880 |
| &nbsp;&nbsp;&nbsp; 3.88%, 05/31/27 | &nbsp;&nbsp;&nbsp; 28683 | 28633701 |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/15/27 | &nbsp;&nbsp;&nbsp; 6732 | 6725163 |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/30/27 | &nbsp;&nbsp;&nbsp; 19180 | 19163517 |
| &nbsp;&nbsp;&nbsp; 3.88%, 12/31/27 | &nbsp;&nbsp;&nbsp; 19760 | 19747650 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/15/28 | &nbsp;&nbsp;&nbsp; 15320 | 15317606 |
| &nbsp;&nbsp;&nbsp; 3.88%, 07/15/28 | &nbsp;&nbsp;&nbsp; 1098 | 1097743 |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/30/29 | &nbsp;&nbsp;&nbsp; 29108 | 29051149 |
| &nbsp;&nbsp;&nbsp; 3.88%, 11/30/29 | &nbsp;&nbsp;&nbsp; 18700 | 18656172 |
| &nbsp;&nbsp;&nbsp; 3.88%, 12/31/29 | &nbsp;&nbsp;&nbsp; 20000 | 19951563 |
| &nbsp;&nbsp;&nbsp; 3.88%, 04/30/30 | &nbsp;&nbsp;&nbsp; 25129 | 25054398 |
| &nbsp;&nbsp;&nbsp; 3.88%, 06/30/30 | &nbsp;&nbsp;&nbsp; 39171 | 39033290 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/15/27 | &nbsp;&nbsp;&nbsp; 27978 | 27956142 |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/15/27 | &nbsp;&nbsp;&nbsp; 5534 | 5546106 |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/29/28 | &nbsp;&nbsp;&nbsp; 11066 | 11093665 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/30/28 | &nbsp;&nbsp;&nbsp; 16000 | 16051250 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/31/29 | &nbsp;&nbsp;&nbsp; 23882 | 23954766 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/31/29 | &nbsp;&nbsp;&nbsp; 41143 | 41261929 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/31/29 | &nbsp;&nbsp;&nbsp; 20000 | 20053125 |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/28/30 | &nbsp;&nbsp;&nbsp; 46928 | 47059995 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/31/30 | &nbsp;&nbsp;&nbsp; 30177 | 30247727 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/31/30 | &nbsp;&nbsp;&nbsp; 39213 | 39307969 |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/31/30 | &nbsp;&nbsp;&nbsp; 18600 | 18626156 |
| &nbsp;&nbsp;&nbsp; 4.13%, 10/31/26 | &nbsp;&nbsp;&nbsp; 12876 | 12874491 |
| &nbsp;&nbsp;&nbsp; 4.13%, 01/31/27 | &nbsp;&nbsp;&nbsp; 20365 | 20384888 |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/15/27 | &nbsp;&nbsp;&nbsp; 14809 | 14829247 |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/28/27 | &nbsp;&nbsp;&nbsp; 8844 | 8857819 |
| &nbsp;&nbsp;&nbsp; 4.13%, 09/30/27 | &nbsp;&nbsp;&nbsp; 9000 | 9037266 |
| &nbsp;&nbsp;&nbsp; 4.13%, 10/31/27 | &nbsp;&nbsp;&nbsp; 11000 | 11047266 |
| &nbsp;&nbsp;&nbsp; 4.13%, 11/15/27 | &nbsp;&nbsp;&nbsp; 10912 | 10959740 |
| &nbsp;&nbsp;&nbsp; 4.13%, 07/31/28 | &nbsp;&nbsp;&nbsp; 19518 | 19650661 |
| &nbsp;&nbsp;&nbsp; 4.13%, 03/31/29 | &nbsp;&nbsp;&nbsp; 30000 | 30217969 |
| &nbsp;&nbsp;&nbsp; 4.13%, 10/31/29 | &nbsp;&nbsp;&nbsp; 38238 | 38524785 |
| &nbsp;&nbsp;&nbsp; 4.13%, 11/30/29 | &nbsp;&nbsp;&nbsp; 9270 | 9340249 |
| &nbsp;&nbsp;&nbsp; 4.25%, 11/30/26 | &nbsp;&nbsp;&nbsp; 13634 | 13659564 |
| &nbsp;&nbsp;&nbsp; 4.25%, 12/31/26 | &nbsp;&nbsp;&nbsp; 33068 | 33145503 |
| &nbsp;&nbsp;&nbsp; 4.25%, 03/15/27 | &nbsp;&nbsp;&nbsp; 23921 | 24009769 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/15/28 | &nbsp;&nbsp;&nbsp; 25006 | 25201359 |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/28 | &nbsp;&nbsp;&nbsp; 14839 | 14961885 |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/28/29 | &nbsp;&nbsp;&nbsp; 27780 | 28099036 |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/30/29 | &nbsp;&nbsp;&nbsp; 33148 | 33541632 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/31/30 | &nbsp;&nbsp;&nbsp; 32072 | 32475406 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** | **U.S. Government Obligations (continued)** |
| &nbsp;&nbsp;&nbsp; 4.38%, 08/15/26 | &nbsp;&nbsp;&nbsp; $26787 | $26842457 |
| &nbsp;&nbsp;&nbsp; 4.38%, 12/15/26 | &nbsp;&nbsp;&nbsp; 21037 | 21122463 |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/15/27 | &nbsp;&nbsp;&nbsp; 3474 | 3501276 |
| &nbsp;&nbsp;&nbsp; 4.38%, 08/31/28 | &nbsp;&nbsp;&nbsp; 14382 | 14582000 |
| &nbsp;&nbsp;&nbsp; 4.38%, 11/30/28 | &nbsp;&nbsp;&nbsp; 1776 | 1801946 |
| &nbsp;&nbsp;&nbsp; 4.38%, 12/31/29 | &nbsp;&nbsp;&nbsp; 20622 | 20984496 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/15/27 | &nbsp;&nbsp;&nbsp; 7569 | 7631681 |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/15/27 | &nbsp;&nbsp;&nbsp; 25511 | 25733225 |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/31/29 | &nbsp;&nbsp;&nbsp; 33094 | 33771393 |
| &nbsp;&nbsp;&nbsp; 4.63%, 09/15/26 | &nbsp;&nbsp;&nbsp; 12804 | 12870521 |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/15/26 | &nbsp;&nbsp;&nbsp; 21715 | 21840540 |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/26 | &nbsp;&nbsp;&nbsp; 7007 | 7052162 |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/15/27 | &nbsp;&nbsp;&nbsp; 12201 | 12344457 |
| &nbsp;&nbsp;&nbsp; 4.63%, 09/30/28 | &nbsp;&nbsp;&nbsp; 19392 | 19810140 |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/30/29 | &nbsp;&nbsp;&nbsp; 15000 | 15367969 |
| &nbsp;&nbsp;&nbsp; 4.88%, 10/31/28 | &nbsp;&nbsp;&nbsp; 17732 | 18257034 |
|  |  | 2263066701 |
| **Total U.S. Government & Agency Obligations — 54.9%** <br>**(Cost: $2,445,879,466)** | **Total U.S. Government & Agency Obligations — 54.9%** <br>**(Cost: $2,445,879,466)** | 2430672842 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Aerospace & Defense — 0.0%** | **Aerospace & Defense — 0.0%** | **Aerospace & Defense — 0.0%** |
| Incora Top Holdco LLC, NVS<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 6956 | 167848 |
| **Commercial Services & Supplies — 0.0%** | **Commercial Services & Supplies — 0.0%** | **Commercial Services & Supplies — 0.0%** |
| MYT Holding LLC, NVS<sup>(k)</sup> | &nbsp;&nbsp;&nbsp; 1 |  |
| **Financial Services — 0.0%** | **Financial Services — 0.0%** | **Financial Services — 0.0%** |
| HoldCo.<sup>(e)(k)</sup> | &nbsp;&nbsp;&nbsp; 16280 |  |
| **Health Care Technology — 0.0%** | **Health Care Technology — 0.0%** | **Health Care Technology — 0.0%** |
| Quincy Health LLC<sup>(e)(k)</sup> | &nbsp;&nbsp;&nbsp; 978 |  |
| **Metals & Mining — 0.0%** | **Metals & Mining — 0.0%** | **Metals & Mining — 0.0%** |
| Foresight Energy LLC<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 112 |  |
| **Office REITs — 0.0%** | **Office REITs — 0.0%** | **Office REITs — 0.0%** |
| Office Properties Income Trust, NVS | &nbsp;&nbsp;&nbsp; 690 | 166 |
| **Total Common Stocks — 0.0%** <br>**(Cost $903,548)** | **Total Common Stocks — 0.0%** <br>**(Cost $903,548)** | 168014 |
| **Preferred Stocks** | **Preferred Stocks** | **Preferred Stocks** |
| **Financial Services — 0.0%** | **Financial Services — 0.0%** | **Financial Services — 0.0%** |
| HoldCo. Preference Shares<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 104 |  |
| **Software — 0.0%** | **Software — 0.0%** | **Software — 0.0%** |
| &nbsp;&nbsp;&nbsp; Veritas Kapital Assurance PLC, Series G-1, <br> Preference Shares, NVS<sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp; 608 | 13680 |
| &nbsp;&nbsp;&nbsp; Veritas Kapital Assurance PLC, Series G, <br> Preference Shares, NVS<sup>(e)</sup><br>| &nbsp;&nbsp;&nbsp; 882 | 19845 |
|  |  | 33525 |
| **Total Preferred Stocks — 0.0%** <br>**(Cost $29,798)** | **Total Preferred Stocks — 0.0%** <br>**(Cost $29,798)** | 33525 |
| **Total Long-Term Investments — 98.5%** <br>**(Cost: $4,364,789,642)** | **Total Long-Term Investments — 98.5%** <br>**(Cost: $4,364,789,642)** | 4364477254 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 1.3%** | **Money Market Funds — 1.3%** | **Money Market Funds — 1.3%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 4.44%<sup>(n)(o)</sup><br>| &nbsp;&nbsp;&nbsp; 35019780 | $35033788 |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 4.30%<sup>(n)(o)(p)</sup><br>| &nbsp;&nbsp;&nbsp; 21891560 | 21891560 |
| **Total Short-Term Securities — 1.3%** <br>**(Cost: $56,924,813)** | **Total Short-Term Securities — 1.3%** <br>**(Cost: $56,924,813)** | 56925348 |
| **Total Investments — 99.8%** <br>**(Cost: $4,421,714,455)** | **Total Investments — 99.8%** <br>**(Cost: $4,421,714,455)** | 4421402602 |
| **Other Assets Less Liabilities — 0.2%** | **Other Assets Less Liabilities — 0.2%** | 9294442 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $4430697044 |

---

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

<sup>(a)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. 

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

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

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

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

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

<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> Perpetual security with no stated maturity date.

<sup>(h)</sup> Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect. 

<sup>(i)</sup> Zero-coupon bond.

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

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

<sup>(l)</sup> U.S. dollar denominated security issued by foreign domiciled entity.

<sup>(m)</sup> Represents or includes a TBA transaction.

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

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

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

**Affiliates**

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*10/31/24*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*07/31/25*<br>| *Shares* <br>*Held at* <br>*07/31/25*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL <br> Agency Shares<br>| $32480525 | $2558120 <br><sup>(a)</sup><br>| $— | &nbsp;&nbsp; $(2853)<br>| $(2004)<br>| $35033788 | 35019780 | $877422 | $— |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL <br> Agency Shares<br>| &nbsp;&nbsp; 49771847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; (27880287 )<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 21891560 | 21891560 | 228699 <br><sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  | $(2853) | $(2004) | $56925348 |  | $1106121 | $— |

---

&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. 

**Fair Value Hierarchy as of Period End** 

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

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

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

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

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

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Core 1-5 Year USD Bond ETF**

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

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; Asset-Backed Securities | &nbsp;&nbsp; $— | &nbsp;&nbsp; $35580127 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $35580127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateralized Mortgage Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 86137400 | &nbsp;&nbsp; — | &nbsp;&nbsp; 86137400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 1527450879 | &nbsp;&nbsp; 175417 | &nbsp;&nbsp; 1527626296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Floating Rate Loan Interests | &nbsp;&nbsp; — | &nbsp;&nbsp; 249189 | &nbsp;&nbsp; — | &nbsp;&nbsp; 249189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 281744000 | &nbsp;&nbsp; — | &nbsp;&nbsp; 281744000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Debt Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 2265861 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2265861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Government & Agency Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 2430672842 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2430672842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp; 166 | &nbsp;&nbsp; 167848 | &nbsp;&nbsp; 168014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 33525 | &nbsp;&nbsp; 33525 |
| &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; 56925348 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 56925348 |
|  | &nbsp;&nbsp; $56925348 | &nbsp;&nbsp; $4364100464 | &nbsp;&nbsp; $376790 | &nbsp;&nbsp; $4421402602 |

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| CMT | Constant Maturity Treasury |
| CPI | Consumer Price Index |
| GO | General Obligation |
| GOL | General Obligation Limited |
| JSC | Joint Stock Company |
| NVS | Non-Voting Shares |

---

---

| | |
|:---|:---|
| PIK | Payment-in-kind |
| PJSC | Public Joint Stock Company |
| RB | Revenue Bonds |
| REIT | Real Estate Investment Trust |
| 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:** 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 1-5 Year USD Bond ETF

- **b. EDGAR series identifier (if any):** S000038926

- **c. LEI of Series:** 549300EL16PGODA21E74

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

- **a. Date of fiscal year-end:** 2025-10-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $4515545044.67

**Total Liabilities:** $84815026.10

**Net Assets:** $4430730018.57

**Delayed Delivery Securities:** $2695802.65

**Cash Not Reported:** $234507.65

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 85.22000000 | **1-Year:** 112048.66000000 | **5-Year:** 376290.35000000 | **10-Year:** 0.00000000 | **30-Year:** 229.38000000

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

- **3-Month:** 1032.04000000 | **1-Year:** 18108.82000000 | **5-Year:** 67500.00000000 | **10-Year:** 373.48000000 | **30-Year:** 407.38000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000119711 | -0.05%               | 0.90%                | 0.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-715698.23              | $-17232548.64                              |
| Month 2  | $-1435846.36             | $25780473.79                               |
| Month 3  | $-409610.30              | $-15170324.46                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| OAKTREE SPECIALTY LEND                                                     | Oaktree Specialty Lending Corp                                                   | CUSIP: 67401PAE8<br>LEI: 549300J6MGCEU5928620 | Long             | DBT              | CORP              | US        |     95000 | PA      | $94772.74     | 0.00%             | 2030-02-27      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| BONOS BANCO CENT ARGENT                                                    | Bonos Para La Reconstruccion De Una Argentina Libre                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |    380000 | PA      | $359450.31    | 0.01%             | 2027-10-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                                        | Nomura Holdings Inc                                                              | CUSIP: 65535HAQ2<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    470000 | PA      | $437789.51    | 0.01%             | 2030-01-16      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Micron Technology Inc                                                      | Micron Technology Inc                                                            | CUSIP: 595112BN2<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    235000 | PA      | $239685.65    | 0.01%             | 2029-02-06      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                            | CVS Health Corp                                                                  | CUSIP: 126650DT4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    460000 | PA      | $467571.65    | 0.01%             | 2030-02-21      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                                   | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    200000 | PA      | $190391.82    | 0.00%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                                                            | Xcel Energy Inc                                                                  | CUSIP: 98389BAW0<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |     95000 | PA      | $87758.86     | 0.00%             | 2029-12-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132D6NX4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5274771 | PA      | $4844632.46   | 0.11%             | 2036-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                       | Bank of America Corp                                                             | CUSIP: 06051GKP3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    650000 | PA      | $648587.80    | 0.01%             | 2028-04-27      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Baidu Inc                                                                  | Baidu Inc                                                                        | CUSIP: 056752AL2<br>LEI: 254900AL64IANZYI1E02 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $199747.49    | 0.00%             | 2028-03-29      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 912828YD6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8860000 | PA      | $8600429.73   | 0.19%             | 2026-08-31      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Morocco Government International Bonds                                     | Morocco Government International Bonds                                           | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    400000 | PA      | $410611.39    | 0.01%             | 2028-03-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER CAPITAL C                                                   | American Water Capital Corp                                                      | CUSIP: 03040WAW5<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |    150000 | PA      | $139080.63    | 0.00%             | 2030-05-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PART                                                     | Brixmor Operating Partnership LP                                                 | CUSIP: 11120VAE3<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              |  | US        |     75000 | PA      | $74245.59     | 0.00%             | 2027-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| FIVE CORNERS FND TR II                                                     | Five Corners Funding Trust II                                                    | CUSIP: 33834DAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $416308.67    | 0.01%             | 2030-05-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EXV6<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    275000 | PA      | $275161.42    | 0.01%             | 2027-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Export-Import Bank of India                                                | Export-Import Bank of India                                                      | CUSIP: 30216KAE2<br>LEI: 335800OFZ8YEIVN1QI11 | Long             | DBT              | NUSS              | IN        |    200000 | PA      | $188514.65    | 0.00%             | 2030-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY BANK                                                             | Synchrony Bank                                                                   | CUSIP: 87166FAE3<br>LEI: 549300UATVPGSLE43Z27 | Long             | DBT              | CORP              | US        |    315000 | PA      | $320379.10    | 0.01%             | 2027-08-23      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CGQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  46928000 | PA      | $47059985.00  | 1.06%             | 2030-02-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                     | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607HR61<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    440000 | PA      | $433609.26    | 0.01%             | 2027-04-07      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                                    | International Bank for Reconstruction & Development                              | CUSIP: 459058KT9<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   2295000 | PA      | $2267824.58   | 0.05%             | 2028-07-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALGOMA STEEL INC                                                           | Algoma Steel Inc                                                                 | CUSIP: 01566MAD7<br>LEI: 5493006RXIB5GVHWJS53 | Long             | DBT              | CORP              | CA        |    110000 | PA      | $99705.00     | 0.00%             | 2029-04-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                                        | Bank of Nova Scotia/The                                                          | CUSIP: 06418GAH0<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $255125.95    | 0.01%             | 2027-06-04      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                                            | Cemex SAB de CV                                                                  | CUSIP: 000000000<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    600000 | PA      | $593505.40    | 0.01%             | 2026-06-08      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SF HOLDING INVESTMENT                                                      | SF Holding Investment Ltd                                                        | CUSIP: 000000000<br>LEI: 3003007DY4RTZM59GQ78 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $186541.19    | 0.00%             | 2030-02-20      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                                   | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $128119.57    | 0.00%             | 2030-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| BRITISH COLUMBIA PROV OF                                                   | Province of British Columbia Canada                                              | CUSIP: 11070TAN8<br>LEI: 54930058TO7MEKUHWL16 | Long             | DBT              | NUSS              | CA        |   1050000 | PA      | $1066161.31   | 0.02%             | 2028-01-24      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3133L8W50<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1601585 | PA      | $1456937.07   | 0.03%             | 2037-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                                                     | Anglo American Capital PLC                                                       | CUSIP: 000000000<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $195073.87    | 0.00%             | 2029-03-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Perusahaan Penerbit SBSN Indonesia III                                     | Perusahaan Penerbit SBSN Indonesia III                                           | CUSIP: 000000000<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    400000 | PA      | $409469.12    | 0.01%             | 2030-05-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HERENS HOLDCO SARL                                                         | Herens Holdco Sarl                                                               | CUSIP: 427169AA5<br>LEI: 2221002FZ55AMAUX4G64 | Long             | DBT              | CORP              | LU        |    120000 | PA      | $104618.28    | 0.00%             | 2028-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                                     | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $190197.07    | 0.00%             | 2027-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                                                    | KeyCorp                                                                          | CUSIP: 49326EEJ8<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    215000 | PA      | $198447.20    | 0.00%             | 2029-10-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                                  | PG&E Corp                                                                        | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    325000 | PA      | $317165.81    | 0.01%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Liberty Interactive LLC                                                    | Liberty Interactive LLC                                                          | CUSIP: 530715AJ0<br>LEI: 549300SZUIU7Z32Q0664 | Long             | DBT              | CORP              | US        |    150000 | PA      | $20192.60     | 0.00%             | 2030-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                                                   | Intercontinental Exchange Inc                                                    | CUSIP: 45866FAF1<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24371.62     | 0.00%             | 2027-09-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Suci Second Investment Co.                                                 | Suci Second Investment Co.                                                       | CUSIP: 000000000<br>LEI: 558600VUMCHBIHACQF76 | Long             | DBT              | CORP              | KY        |    800000 | PA      | $832376.49    | 0.02%             | 2028-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                                   | Penske Truck Leasing Co Lp / PTL Finance Corp                                    | CUSIP: 709599AX2<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |    180000 | PA      | $178636.94    | 0.00%             | 2027-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                                        | Nomura Holdings Inc                                                              | CUSIP: 65535HAW9<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    330000 | PA      | $320770.75    | 0.01%             | 2026-07-14      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| SIXTH STREET SPECIALTY                                                     | Sixth Street Specialty Lending Inc                                               | CUSIP: 83012AAC3<br>LEI: 549300TX61566GJWCN05 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51205.37     | 0.00%             | 2029-03-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                                                | Oracle Corp                                                                      | CUSIP: 68389XBU8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    580000 | PA      | $564255.76    | 0.01%             | 2027-04-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 31307PVG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     31825 | PA      | $30972.20     | 0.00%             | 2030-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                        | Petroleos Mexicanos                                                              | CUSIP: 71654QCK6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    600000 | PA      | $585482.38    | 0.01%             | 2028-02-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                                                   | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc        | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $263112.09    | 0.01%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                       | Bank of America Corp                                                             | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1055000 | PA      | $1078839.87   | 0.02%             | 2031-01-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                                     | Mizuho Financial Group Inc                                                       | CUSIP: 60687YBS7<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    390000 | PA      | $378950.24    | 0.01%             | 2027-07-09      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| EVERGY INC                                                                 | Evergy Inc                                                                       | CUSIP: 30034WAB2<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |    220000 | PA      | $206117.29    | 0.00%             | 2029-09-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                                           | LPL Holdings Inc                                                                 | CUSIP: 50212YAL8<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    225000 | PA      | $227656.88    | 0.01%             | 2030-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                                               | Comcast Corp                                                                     | CUSIP: 20030NCH2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    217000 | PA      | $212522.49    | 0.00%             | 2028-05-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                                              | PRA Group Inc                                                                    | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    165000 | PA      | $171307.45    | 0.00%             | 2030-01-31      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132D6BM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6040923 | PA      | $5333055.31   | 0.12%             | 2037-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                                    | American Electric Power Co Inc                                                   | CUSIP: 025537AM3<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149303.44    | 0.00%             | 2028-12-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| DOHA FINANCE LIMITED                                                       | Doha Finance Ltd                                                                 | CUSIP: 000000000<br>LEI: 549300C2SXK7TLB4RX62 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $203221.39    | 0.00%             | 2030-03-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                        | American Tower Corp                                                              | CUSIP: 03027XBJ8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    175000 | PA      | $162814.68    | 0.00%             | 2028-01-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| EXPORT FIN & INS CORP                                                      | Export Finance & Insurance Corp                                                  | CUSIP: 30220EAC4<br>LEI: 213800XAAULSUYWPBB61 | Long             | DBT              | NUSS              | AU        |    400000 | PA      | $397412.61    | 0.01%             | 2029-10-23      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CFAMC III CO LTD                                                           | CFAMC III Co Ltd                                                                 | CUSIP: 000000000<br>LEI: 5493006V07LYI3HE6G83 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $197089.44    | 0.00%             | 2027-11-07      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CICC HK FINANCE 2016 MTN                                                   | CICC Hong Kong Finance 2016 MTN Ltd                                              | CUSIP: 000000000<br>LEI: 529900N4NO8N9ILCZC31 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $200691.57    | 0.00%             | 2027-01-18      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                                        | NatWest Markets PLC                                                              | CUSIP: 63906YAD0<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $338640.55    | 0.01%             | 2026-09-29      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                      | Wells Fargo Commercial Mortgage Trust 2024-5C1                                   | CUSIP: 95003VAC2<br>LEI: 54930012YCNUERXJ1I74 | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2079894.40   | 0.05%             | 2057-07-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| GCI LLC                                                                    | GCI LLC                                                                          | CUSIP: 36166TAB6<br>LEI: 549300N3IE9H88Q20221 | Long             | DBT              | CORP              | US        |    180000 | PA      | $173687.01    | 0.00%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| COCA-COLA EUROPACIFIC                                                      | Coca-Cola Europacific Partners PLC                                               | CUSIP: 19123MAF0<br>LEI: 549300LTH67W4GWMRF57 | Long             | DBT              | CORP              | GB        |    205000 | PA      | $196294.44    | 0.00%             | 2027-01-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                                   | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AS3<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200903.17    | 0.00%             | 2028-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CAH4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10600000 | PA      | $9879531.25   | 0.22%             | 2027-08-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                                                   | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $104618.18    | 0.00%             | 2029-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FERGUSON FINANCE PLC                                                       | Ferguson Finance PLC                                                             | CUSIP: 314890AB0<br>LEI: 2138003A7ZEU931DZL61 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $187075.34    | 0.00%             | 2030-06-02      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Hazine Mustesarligi Varlik Kiralama AS                                     | Hazine Mustesarligi Varlik Kiralama AS                                           | CUSIP: 000000000<br>LEI: 6354003QFJP7RDXEOZ20 | Long             | DBT              | NUSS              | TR        |   1000000 | PA      | $1022625.52   | 0.02%             | 2027-02-24      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                                                    | Jefferies Financial Group Inc                                                    | CUSIP: 472319AE2<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    147000 | PA      | $151507.78    | 0.00%             | 2027-06-08      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                                    | Dell International LLC / EMC Corp                                                | CUSIP: 24703TAF3<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    140000 | PA      | $144121.79    | 0.00%             | 2027-07-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| SIGMA FINANCE NL                                                           | Sigma Finance Netherlands BV                                                     | CUSIP: 000000000<br>LEI: 549300K5R8C331KIC659 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $199764.36    | 0.00%             | 2028-03-27      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WHISTLER PIPELINE LLC                                                      | Whistler Pipeline LLC                                                            | CUSIP: 96337RAA0<br>LEI: 549300NG57SGLTNW5C85 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101277.93    | 0.00%             | 2029-09-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                             | Morgan Stanley                                                                   | CUSIP: 6174468P7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    925000 | PA      | $885839.54    | 0.02%             | 2031-04-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                                               | Comcast Corp                                                                     | CUSIP: 20030NCT6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1267311.37   | 0.03%             | 2028-10-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                                    | Starwood Property Trust Inc                                                      | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    185000 | PA      | $193690.99    | 0.00%             | 2029-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Boardwalk Pipelines LP                                                     | Boardwalk Pipelines LP                                                           | CUSIP: 096630AG3<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151331.43    | 0.00%             | 2029-05-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SNB FUNDING LTD                                                            | SNB Funding Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300PT73WJRNMAKE44 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $194561.17    | 0.00%             | 2027-01-29      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Conagra Brands Inc                                                         | Conagra Brands Inc                                                               | CUSIP: 205887AR3<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |    173000 | PA      | $184046.91    | 0.00%             | 2028-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                                                        | Delta Air Lines Inc                                                              | CUSIP: 247361A24<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135670.08    | 0.00%             | 2028-07-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                                                   | Western Midstream Operating LP                                                   | CUSIP: 958254AK0<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    180000 | PA      | $179388.75    | 0.00%             | 2028-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                                                         | RGA Global Funding                                                               | CUSIP: 76209PAC7<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104189.46    | 0.00%             | 2028-11-21      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                | BNP Paribas SA                                                                   | CUSIP: 09659T2A8<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    445000 | PA      | $436676.10    | 0.01%             | 2033-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                                     | Mizuho Financial Group Inc                                                       | CUSIP: 60687YCL1<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    300000 | PA      | $305208.67    | 0.01%             | 2028-09-13      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Lincoln National Corp                                                      | Lincoln National Corp                                                            | CUSIP: 534187BF5<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98675.52     | 0.00%             | 2026-12-12      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| LIMAK CIMENTO SANAYI                                                       | Limak Cimento Sanayi ve Ticaret AS                                               | CUSIP: 000000000<br>LEI: 789000EEUQIGHI88WH47 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $204839.20    | 0.00%             | 2029-07-25      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3133L8CY9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1943033 | PA      | $1777256.78   | 0.04%             | 2036-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FIN USA LTD                                                   | BHP Billiton Finance USA Ltd                                                     | CUSIP: 055451BB3<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    370000 | PA      | $373474.23    | 0.01%             | 2026-09-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                        | Petroleos Mexicanos                                                              | CUSIP: 71654QDB5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    470000 | PA      | $470185.86    | 0.01%             | 2027-01-23      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds                          | Republic of Poland Government International Bonds                                | CUSIP: 731011AX0<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    400000 | PA      | $403976.28    | 0.01%             | 2029-03-18      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| KOREA HOUSING FINANCE CO                                                   | Korea Housing Finance Corp                                                       | CUSIP: 000000000<br>LEI: 9884002AAOBT56QW9B80 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $198726.54    | 0.00%             | 2028-03-12      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                                     | Sempra                                                                           | CUSIP: 816851BG3<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    358000 | PA      | $348189.80    | 0.01%             | 2028-02-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| NEDER WATERSCHAPSBANK                                                      | Nederlandse Waterschapsbank NV                                                   | CUSIP: 639832AJ3<br>LEI: JLP5FSPH9WPSHY3NIM24 | Long             | DBT              | NUSS              | NL        |    200000 | PA      | $203476.31    | 0.00%             | 2030-01-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                         | Roche Holdings Inc                                                               | CUSIP: 771196CF7<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |    425000 | PA      | $438317.35    | 0.01%             | 2028-11-13      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| VIKING OCEAN CRUISES SHI                                                   | Viking Ocean Cruises Ship VII Ltd                                                | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    100000 | PA      | $99572.20     | 0.00%             | 2029-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL                                                   | Jackson National Life Global Funding                                             | CUSIP: 46849LVB4<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |    205000 | PA      | $203635.16    | 0.00%             | 2029-10-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Northern Trust Corp                                                        | Northern Trust Corp                                                              | CUSIP: 665859AS3<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    142000 | PA      | $137720.45    | 0.00%             | 2032-05-08      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                             | Amazon.com Inc                                                                   | CUSIP: 023135CQ7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    400000 | PA      | $407078.84    | 0.01%             | 2029-12-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 912828V98<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22300000 | PA      | $21710269.59  | 0.49%             | 2027-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bonds                                       | Ghana Government International Bonds                                             | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    140292 | PA      | $116810.93    | 0.00%             | 2030-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                                                    | Oncor Electric Delivery Co LLC                                                   | CUSIP: 68233JBH6<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    225000 | PA      | $220248.81    | 0.00%             | 2028-11-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                               | Enbridge Inc                                                                     | CUSIP: 29250NCB9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    245000 | PA      | $250511.94    | 0.01%             | 2029-04-05      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                                        | Station Casinos LLC                                                              | CUSIP: 857691AG4<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    230000 | PA      | $224832.41    | 0.01%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ANADOLU EFES BIR                                                           | Anadolu Efes Biracilik Ve Malt Sanayii AS                                        | CUSIP: 000000000<br>LEI: 7890006LGARYVIPOJX03 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $182037.48    | 0.00%             | 2028-06-29      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FAB SUKUK COMPANY LTD                                                      | Fab Sukuk Co Ltd                                                                 | CUSIP: 000000000<br>LEI: 549300JEV79SSEDKS489 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $200786.06    | 0.00%             | 2028-01-17      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                   | Mars Inc                                                                         | CUSIP: 571676AT2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    330000 | PA      | $331766.87    | 0.01%             | 2028-04-20      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| OMEGA HLTHCARE INVESTORS                                                   | Omega Healthcare Investors Inc                                                   | CUSIP: 681936BF6<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |    220000 | PA      | $219858.61    | 0.00%             | 2027-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MOVIDA EUROPE SA                                                           | Movida Europe SA                                                                 | CUSIP: 000000000<br>LEI: 549300YRJE0V6QKU7C86 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $189434.84    | 0.00%             | 2029-04-11      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                                   | Baxter International Inc                                                         | CUSIP: 071813BY4<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    150000 | PA      | $145817.88    | 0.00%             | 2030-04-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                     | Verizon Communications Inc                                                       | CUSIP: 92343VEU4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1090625.38   | 0.02%             | 2029-12-03      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                                                | Equinix Inc                                                                      | CUSIP: 29444UBL9<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |    230000 | PA      | $213648.57    | 0.00%             | 2028-03-15      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                                       | Neptune Bidco US Inc                                                             | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    775000 | PA      | $750177.80    | 0.02%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    510000 | PA      | $513954.09    | 0.01%             | 2028-01-23      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                                   | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AH4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    155000 | PA      | $155141.72    | 0.00%             | 2028-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Aflac Inc                                                                  | Aflac Inc                                                                        | CUSIP: 001055BJ0<br>LEI: 549300N0B7DOGLXWPP39 | Long             | DBT              | CORP              | US        |    300000 | PA      | $289978.87    | 0.01%             | 2030-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                   | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668CB6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    200000 | PA      | $207404.14    | 0.00%             | 2028-11-16      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Farmers Exchange Capital                                                   | Farmers Exchange Capital                                                         | CUSIP: 309588AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $110291.70    | 0.00%             | 2028-07-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| AES ANDES SA                                                               | AES Andes SA                                                                     | CUSIP: 000000000<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $206723.89    | 0.00%             | 2029-03-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                                            | Cigna Group/The                                                                  | CUSIP: 125523CT5<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    300000 | PA      | $305456.80    | 0.01%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                   | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175CM4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    405000 | PA      | $410994.49    | 0.01%             | 2026-11-10      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                                    | Metropolitan Life Global Funding I                                               | CUSIP: 59217GCK3<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    210000 | PA      | $204168.21    | 0.00%             | 2027-09-19      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW ZEALAND                                                        | Bank of New Zealand                                                              | CUSIP: 06407EAH8<br>LEI: N7LGVZM7X4UQ66T7LT74 | Long             | DBT              | CORP              | NZ        |    230000 | PA      | $234612.40    | 0.01%             | 2029-01-30      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| JOY TRSR ASSETS HLD                                                        | Joy Treasure Assets Holdings Inc                                                 | CUSIP: 000000000<br>LEI: 2549002TXU15P8D3F498 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $201583.19    | 0.00%             | 2027-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CDQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16750000 | PA      | $16106826.13  | 0.36%             | 2026-12-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS                                                   | First Abu Dhabi Bank PJSC                                                        | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $201189.14    | 0.00%             | 2029-07-22      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                                                   | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 03969AAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    375000 | PA      | $370371.97    | 0.01%             | 2026-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ACURIS FIN US/ACURIS FIN                                                   | Acuris Finance US Inc / Acuris Finance SARL                                      | CUSIP: 00511BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $110550.20    | 0.00%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                   | Florida Power & Light Co                                                         | CUSIP: 341081GT8<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    245000 | PA      | $252090.75    | 0.01%             | 2029-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CCTHK 2021 LTD                                                             | Ccthk 2021 Ltd                                                                   | CUSIP: 000000000<br>LEI: 254900862W7TXMZ9L981 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $194321.20    | 0.00%             | 2027-01-19      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CHINA CINDA 2020 I MNGMN                                                   | China Cinda 2020 I Management Ltd                                                | CUSIP: 000000000<br>LEI: 549300ZIBIB6Z9RSNU64 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $206501.75    | 0.00%             | 2029-05-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CAISSE D'AMORT DETTE SOC                                                   | Caisse d'Amortissement de la Dette Sociale                                       | CUSIP: 12802D2N5<br>LEI: 969500P04DQJS4BPM574 | Long             | DBT              | NUSS              | FR        |   1275000 | PA      | $1283516.72   | 0.03%             | 2026-09-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                                         | Expand Energy Corp                                                               | CUSIP: 92735LAA0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    350000 | PA      | $353089.52    | 0.01%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                                     | Santander Holdings USA Inc                                                       | CUSIP: 80282KBQ8<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    175000 | PA      | $180012.83    | 0.00%             | 2031-03-20      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| SDG FINANCE LTD                                                            | SDG Finance Ltd                                                                  | CUSIP: 000000000<br>LEI: 254900GR3D4V12XN1M61 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $194989.11    | 0.00%             | 2026-08-25      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                                     | Banque Federative du Credit Mutuel SA                                            | CUSIP: 06675DCN0<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $206953.58    | 0.00%             | 2030-01-22      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| KOREA GAS CORP                                                             | Korea Gas Corp                                                                   | CUSIP: 50066CAV1<br>LEI: 988400TFZILHBD5M3R71 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $204229.74    | 0.00%             | 2029-07-08      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                               | Synopsys Inc                                                                     | CUSIP: 871607AC1<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    640000 | PA      | $647232.11    | 0.01%             | 2030-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                                                           | Coca-Cola Co/The                                                                 | CUSIP: 191216CM0<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    310000 | PA      | $286446.75    | 0.01%             | 2029-09-06      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE OP CO                                                       | Public Storage Operating Co                                                      | CUSIP: 74460DAH2<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              |  | US        |    120000 | PA      | $111437.78    | 0.00%             | 2028-11-09      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD                                                   | Primo Water Holdings Inc / Triton Water Holdings Inc                             | CUSIP: 74168RAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $221448.82    | 0.00%             | 2029-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Equinor ASA                                                                | Equinor ASA                                                                      | CUSIP: 29446MAB8<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |    830000 | PA      | $814888.85    | 0.02%             | 2028-09-10      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                        | Elevance Health Inc                                                              | CUSIP: 036752AB9<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    425000 | PA      | $418169.34    | 0.01%             | 2027-12-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| MFB Magyar Fejlesztesi Bank Zrt                                            | MFB Magyar Fejlesztesi Bank Zrt                                                  | CUSIP: 000000000<br>LEI: 549300KCFVCFTUJZYT59 | Long             | DBT              | NUSS              | HU        |    400000 | PA      | $414239.29    | 0.01%             | 2028-06-29      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LEND                                                    | Blackstone Secured Lending Fund                                                  | CUSIP: 09261XAG7<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |    160000 | PA      | $149831.41    | 0.00%             | 2028-09-30      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                   | Lloyds Banking Group PLC                                                         | CUSIP: 539439AR0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    520000 | PA      | $517949.19    | 0.01%             | 2028-03-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                                       | Petronas Capital Ltd                                                             | CUSIP: 000000000<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    600000 | PA      | $575958.79    | 0.01%             | 2030-04-21      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ARMOR HOLDCO INC                                                           | Armor Holdco Inc                                                                 | CUSIP: 04625PAA9<br>LEI: 254900X6HLK0YPTHHF09 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96091.49     | 0.00%             | 2029-11-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES                                                   | ION Trading Technologies Sarl                                                    | CUSIP: 46205YAB7<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $208829.74    | 0.00%             | 2029-05-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA Inc                                                           | T-Mobile USA Inc                                                                 | CUSIP: 87264AAT2<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    144000 | PA      | $144090.44    | 0.00%             | 2027-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                                        | Global Payments Inc                                                              | CUSIP: 37940XAP7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    169000 | PA      | $170018.88    | 0.00%             | 2027-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                                   | Enterprise Products Operating LLC                                                | CUSIP: 29379VBT9<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    280000 | PA      | $278511.42    | 0.01%             | 2028-10-16      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                     | PNC Financial Services Group Inc/The                                             | CUSIP: 693475AX3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    255000 | PA      | $250851.58    | 0.01%             | 2026-07-23      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                                                     | CNH Industrial Capital LLC                                                       | CUSIP: 12592BAR5<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    180000 | PA      | $185207.66    | 0.00%             | 2029-01-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KFH SUKUK CO                                                               | KFH Sukuk Co                                                                     | CUSIP: 000000000<br>LEI: 5493008FLJYWGCMZDN21 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $204677.01    | 0.00%             | 2030-01-14      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                                   | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $166748.83    | 0.00%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HUBEI UNITED DEVELOPMENT                                                   | Hubei United Development Investment Group Co Ltd                                 | CUSIP: 000000000<br>LEI: 300300NR738Z7T0XUC55 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $200205.74    | 0.00%             | 2028-02-19      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PROVIDENT FDG/PFG FIN                                                      | Provident Funding Associates LP / PFG Finance Corp                               | CUSIP: 74387UAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $167553.68    | 0.00%             | 2029-09-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                     | Standard Chartered PLC                                                           | CUSIP: 853254BP4<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    210000 | PA      | $206591.16    | 0.00%             | 2030-05-21      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                                                         | RGA Global Funding                                                               | CUSIP: 76209PAB9<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |    135000 | PA      | $126515.74    | 0.00%             | 2029-01-18      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                       | Bank of America Corp                                                             | CUSIP: 06051GGL7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    755000 | PA      | $744906.47    | 0.02%             | 2028-04-24      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| CROWN AMER/CAP CORP V                                                      | Crown Americas LLC / Crown Americas Capital Corp V                               | CUSIP: 22819KAB6<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    155000 | PA      | $153259.43    | 0.00%             | 2026-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COLORADO INT GAS CO/ISS                                                    | Colorado Interstate Gas Co LLC / Colorado Interstate Issuing Corp                | CUSIP: 196500AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $149069.80    | 0.00%             | 2026-08-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                                           | MGM Resorts International                                                        | CUSIP: 552953CH2<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    220000 | PA      | $217232.71    | 0.00%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| COOPERAT RABOBANK UA/NY                                                    | Cooperatieve Rabobank UA/NY                                                      | CUSIP: 21688ABH4<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    240000 | PA      | $241135.41    | 0.01%             | 2029-10-17      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA                                                   | Export-Import Bank of Korea                                                      | CUSIP: 302154CG2<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $193683.80    | 0.00%             | 2027-04-21      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                                         | Banco Santander SA                                                               | CUSIP: 05964HAU9<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    630000 | PA      | $649649.59    | 0.01%             | 2028-08-08      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 059438AH4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    265000 | PA      | $275112.96    | 0.01%             | 2026-10-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140J7T39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    490493 | PA      | $468508.04    | 0.01%             | 2032-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ABD8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295511.96    | 0.01%             | 2026-11-02      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES                                                   | ION Trading Technologies Sarl                                                    | CUSIP: 46205YAA9<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |    150000 | PA      | $145221.44    | 0.00%             | 2028-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHINA CONSTRUCT BK/DUBAI                                                   | China Construction Bank Corp/Dubai                                               | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $200404.88    | 0.00%             | 2026-11-30      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC                                                    | Booz Allen Hamilton Inc                                                          | CUSIP: 09951LAB9<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    195000 | PA      | $188522.97    | 0.00%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| Peru Government International Bonds                                        | Peru Government International Bonds                                              | CUSIP: 715638BU5<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    100000 | PA      | $99996.45     | 0.00%             | 2027-08-25      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| HINDUSTAN PETROLEUM CORP                                                   | Hindustan Petroleum Corp Ltd                                                     | CUSIP: 000000000<br>LEI: 335800DWLXIP7HFFY564 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $197142.89    | 0.00%             | 2027-07-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CLL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5862000 | PA      | $5797426.44   | 0.13%             | 2027-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                      | Wells Fargo & Co                                                                 | CUSIP: 949746SH5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1110991.83   | 0.03%             | 2026-10-23      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION                                                   | FirstEnergy Transmission LLC                                                     | CUSIP: 33767BAG4<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129703.56    | 0.00%             | 2030-01-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                     | PNC Financial Services Group Inc/The                                             | CUSIP: 693475AW5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    455000 | PA      | $441447.11    | 0.01%             | 2029-04-23      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| BNG BANK NV                                                                | BNG Bank NV                                                                      | CUSIP: 05591F2V1<br>LEI: 529900GGYMNGRQTDOO93 | Long             | DBT              | NUSS              | NL        |    740000 | PA      | $744862.25    | 0.02%             | 2029-01-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                                              | Parkland Corp                                                                    | CUSIP: 70137TAP0<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    175000 | PA      | $175177.18    | 0.00%             | 2027-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                                                    | Asbury Automotive Group Inc                                                      | CUSIP: 043436AU8<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    135000 | PA      | $132470.29    | 0.00%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                                         | Advance Auto Parts Inc                                                           | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85436.76     | 0.00%             | 2030-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE                                                      | United Parcel Service Inc                                                        | CUSIP: 911312BR6<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    235000 | PA      | $228343.60    | 0.01%             | 2029-03-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| ACE Capital Trust II                                                       | ACE Capital Trust II                                                             | CUSIP: 00440FAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $119395.66    | 0.00%             | 2030-04-01      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                                             | Air Lease Corp                                                                   | CUSIP: 00914AAG7<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    200000 | PA      | $186586.48    | 0.00%             | 2030-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Asian Development Bank                                                     | Asian Development Bank                                                           | CUSIP: 045167EJ8<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    225000 | PA      | $219660.20    | 0.00%             | 2028-09-26      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                                            | Cigna Group/The                                                                  | CUSIP: 125523CL2<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    400000 | PA      | $364256.48    | 0.01%             | 2030-03-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Allison Transmission Inc                                                   | Allison Transmission Inc                                                         | CUSIP: 019736AE7<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118846.58    | 0.00%             | 2027-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NASSAU COMPANIES OF NY                                                     | Nassau Cos of New York/The                                                       | CUSIP: 63155AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $80744.30     | 0.00%             | 2030-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds                                       | Chile Government International Bonds                                             | CUSIP: 168863CF3<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    600000 | PA      | $583299.86    | 0.01%             | 2028-02-06      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                                   | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $123113.69    | 0.00%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                     | PNC Financial Services Group Inc/The                                             | CUSIP: 693475BB0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    260000 | PA      | $251590.06    | 0.01%             | 2026-08-13      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| ALLEGIANT TRAVEL CO                                                        | Allegiant Travel Co                                                              | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |    185000 | PA      | $185113.46    | 0.00%             | 2027-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| WestRock MWV LLC                                                           | WestRock MWV LLC                                                                 | CUSIP: 961548AV6<br>LEI: 4DL8C98Z5G5IXZLH3578 | Long             | DBT              | CORP              | US        |    135000 | PA      | $154412.72    | 0.00%             | 2030-01-15      | Fixed         | 8.20%                 | No            |                  2 | On Loan: No      |
| ARADA SUKUK LTD                                                            | Arada Sukuk Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300F4ZUCO6Z48KC28 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $204900.72    | 0.00%             | 2027-06-08      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                                                       | Kraft Heinz Foods Co                                                             | CUSIP: 50077LAV8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    200000 | PA      | $191200.16    | 0.00%             | 2030-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PEB8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    735000 | PA      | $747034.29    | 0.02%             | 2030-01-23      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    745000 | PA      | $761838.15    | 0.02%             | 2031-04-22      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| NiSource Inc                                                               | NiSource Inc                                                                     | CUSIP: 65473QBE2<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    310000 | PA      | $304742.66    | 0.01%             | 2027-05-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| BGC GROUP INC                                                              | BGC Group Inc                                                                    | CUSIP: 05555LAB7<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |    170000 | PA      | $175862.58    | 0.00%             | 2029-06-10      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| RITCHIE BROS HLDGS INC                                                     | Ritchie Bros Holdings Inc                                                        | CUSIP: 76774LAB3<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    180000 | PA      | $184374.51    | 0.00%             | 2028-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bonds                                     | Hungary Government International Bonds                                           | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    800000 | PA      | $825873.49    | 0.02%             | 2028-05-22      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BARINGS BDC INC                                                            | Barings BDC Inc                                                                  | CUSIP: 06759LAC7<br>LEI: 549300GSF4KFZP6ONG49 | Long             | DBT              | CORP              | US        |    165000 | PA      | $161121.69    | 0.00%             | 2026-11-23      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| JINAN URB CONST INTL INV                                                   | Jinan Urban Construction International Investment Co Ltd                         | CUSIP: 000000000<br>LEI: 6556004HMETOJY08IH68 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $200118.46    | 0.00%             | 2027-11-06      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARAGVI FINANCE INTL                                                        | Aragvi Finance International DAC                                                 | CUSIP: 000000000<br>LEI: 635400VKAYT1VT6VBF50 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $200843.14    | 0.00%             | 2029-11-20      | Fixed         | 11.13%                | No            |                  2 | On Loan: No      |
| MOOG INC                                                                   | Moog Inc                                                                         | CUSIP: 615394AM5<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |    185000 | PA      | $180898.53    | 0.00%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                                               | Calpine Corp                                                                     | CUSIP: 131347CP9<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    225000 | PA      | $221154.45    | 0.00%             | 2029-02-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                                    | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAH8<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    115000 | PA      | $112144.16    | 0.00%             | 2029-09-13      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                                                   | Thermo Fisher Scientific Inc                                                     | CUSIP: 883556CT7<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    279000 | PA      | $282336.29    | 0.01%             | 2027-11-21      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                  | ONEOK Inc                                                                        | CUSIP: 682680CM3<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    183000 | PA      | $186450.37    | 0.00%             | 2028-01-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397E58<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    455000 | PA      | $455820.33    | 0.01%             | 2029-03-08      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                                   | Acadia Healthcare Co Inc                                                         | CUSIP: 00404AAP4<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    140000 | PA      | $135431.35    | 0.00%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                   | Service Properties Trust                                                         | CUSIP: 44106MAW2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    135000 | PA      | $131725.93    | 0.00%             | 2027-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SIEMENS FINANCIERINGSMAT                                                   | Siemens Financieringsmaatschappij NV                                             | CUSIP: 82620KAU7<br>LEI: TAFO772JB70PDRN5VS48 | Long             | DBT              | CORP              | NL        |    405000 | PA      | $399958.67    | 0.01%             | 2027-03-16      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN INVEST CO                                                   | Inter-American Investment Corp                                                   | CUSIP: 45828Q2F3<br>LEI: 5493001X4LH60PFRL744 | Long             | DBT              | NUSS              | XX        |    250000 | PA      | $251573.33    | 0.01%             | 2030-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| RFNA LP                                                                    | Rfna LP                                                                          | CUSIP: 74984AAA0<br>LEI: 2549002A4GSOTYKKHR45 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152876.56    | 0.00%             | 2030-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| DEXIA                                                                      | Dexia SA                                                                         | CUSIP: 25214BBC7<br>LEI: F4G136OIPBYND1F41110 | Long             | DBT              | CORP              | FR        |    625000 | PA      | $627349.81    | 0.01%             | 2027-03-19      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                                                    | Shell International Finance BV                                                   | CUSIP: 822582BX9<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    290000 | PA      | $284581.27    | 0.01%             | 2026-09-12      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ENQUEST PLC                                                                | EnQuest PLC                                                                      | CUSIP: 29357JAC0<br>LEI: 2138008LJU6WFQWOXJ73 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $102533.59    | 0.00%             | 2027-11-01      | Fixed         | 11.63%                | No            |                  2 | On Loan: No      |
| AZULE ENERGY FINANCE PLC                                                   | Azule Energy Finance Plc                                                         | CUSIP: 000000000<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $402944.30    | 0.01%             | 2030-01-23      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| AGENCE FRANCAISE DEVELOP                                                   | Agence Francaise de Developpement EPIC                                           | CUSIP: 000000000<br>LEI: 9695008K5N8MKIT4XJ91 | Long             | DBT              | NUSS              | FR        |    200000 | PA      | $204905.41    | 0.00%             | 2030-01-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                             | Morgan Stanley                                                                   | CUSIP: 61761J3R8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    777000 | PA      | $767318.88    | 0.02%             | 2026-07-27      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78016HZS2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    345000 | PA      | $353487.10    | 0.01%             | 2028-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SUZANO AUSTRIA GMBH                                                        | Suzano Austria GmbH                                                              | CUSIP: 86964WAH5<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |    300000 | PA      | $298595.52    | 0.01%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                          | HSBC Holdings PLC                                                                | CUSIP: 404280DF3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    790000 | PA      | $791728.94    | 0.02%             | 2028-06-09      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                           | Bank of Montreal                                                                 | CUSIP: 06368LC53<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    320000 | PA      | $323410.08    | 0.01%             | 2026-12-11      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Tyson Foods Inc                                                            | Tyson Foods Inc                                                                  | CUSIP: 902494BC6<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    346000 | PA      | $339952.91    | 0.01%             | 2027-06-02      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                                    | International Bank for Reconstruction & Development                              | CUSIP: 459058LK7<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    950000 | PA      | $948266.96    | 0.02%             | 2026-08-27      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                          | State Street Corp                                                                | CUSIP: 857477CW1<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    225000 | PA      | $227215.84    | 0.01%             | 2030-02-28      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Kinross Gold Corp                                                          | Kinross Gold Corp                                                                | CUSIP: 496902AQ0<br>LEI: 549300UEBMAQDN0K0R06 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $124809.03    | 0.00%             | 2027-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                                        | Charles Schwab Corp/The                                                          | CUSIP: 808513BW4<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    265000 | PA      | $260718.62    | 0.01%             | 2027-04-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                                       | YPF SA                                                                           | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    201000 | PA      | $200854.91    | 0.00%             | 2027-07-21      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                                          | DISH Network Corp                                                                | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1067241.22   | 0.02%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                     | UnitedHealth Group Inc                                                           | CUSIP: 91324PFN7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90009.41     | 0.00%             | 2028-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| SONOCO PRODUCTS CO                                                         | Sonoco Products Co                                                               | CUSIP: 835495AR3<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |    160000 | PA      | $159186.55    | 0.00%             | 2029-09-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140QGJ40<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1262864 | PA      | $1157055.39   | 0.03%             | 2035-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                    | HCA Inc                                                                          | CUSIP: 404119CJ6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95821.89     | 0.00%             | 2029-03-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| DARDEN RESTAURANTS INC                                                     | Darden Restaurants Inc                                                           | CUSIP: 237194AQ8<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129347.42    | 0.00%             | 2029-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                           | Crown Castle Inc                                                                 | CUSIP: 22822VAV3<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    362000 | PA      | $350061.34    | 0.01%             | 2026-07-15      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| Export-Import Bank of India                                                | Export-Import Bank of India                                                      | CUSIP: 30216KAC6<br>LEI: 335800OFZ8YEIVN1QI11 | Long             | DBT              | NUSS              | IN        |    200000 | PA      | $196390.00    | 0.00%             | 2028-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| DELUXE CORP                                                                | Deluxe Corp                                                                      | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |    135000 | PA      | $138653.42    | 0.00%             | 2029-09-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                                                    | Morgan Stanley Private Bank NA                                                   | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |    935000 | PA      | $939120.54    | 0.02%             | 2031-07-18      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KOREA                                                          | Korea International Bond                                                         | CUSIP: 50064FAQ7<br>LEI: 549300O0QCVSQGPGDT58 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $188316.76    | 0.00%             | 2029-06-19      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BPRL INTERNATIONAL SINGA                                                   | BPRL International Singapore Pte Ltd                                             | CUSIP: 000000000<br>LEI: 875500AQ853IMLV4TX18 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $198835.52    | 0.00%             | 2027-01-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                                                   | Northwestern Mutual Global Funding                                               | CUSIP: 66815L2D0<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |    200000 | PA      | $186353.93    | 0.00%             | 2028-06-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| MAREX GROUP PLC                                                            | Marex Group PLC                                                                  | CUSIP: 566539AA0<br>LEI: 549300DWX0SVICJAL507 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $205078.42    | 0.00%             | 2029-11-04      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| KEHE DIST/FIN / NEXTWAVE                                                   | KeHE Distributors LLC / KeHE Finance Corp / NextWave Distribution Inc            | CUSIP: 487526AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    290000 | PA      | $302601.82    | 0.01%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS                                                   | Hughes Satellite Systems Corp                                                    | CUSIP: 444454AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $184887.31    | 0.00%             | 2026-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                                   | National Rural Utilities Cooperative Finance Corp                                | CUSIP: 63743HFR8<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75890.28     | 0.00%             | 2027-05-06      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                     | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822AR5<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    135000 | PA      | $132411.97    | 0.00%             | 2027-07-25      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| EI SUKUK CO LTD                                                            | EI Sukuk Co Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300IIDFP0RTSSG071 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $204841.81    | 0.00%             | 2029-05-28      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                 | US Bancorp                                                                       | CUSIP: 91159HHW3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    305000 | PA      | $288023.68    | 0.01%             | 2029-07-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                   | Caterpillar Financial Services Corp                                              | CUSIP: 14913UAX8<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    160000 | PA      | $163010.72    | 0.00%             | 2030-01-08      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| REVVITY INC                                                                | Revvity Inc                                                                      | CUSIP: 714046AG4<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |    275000 | PA      | $259888.47    | 0.01%             | 2029-09-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| TC Ziraat Bankasi AS                                                       | TC Ziraat Bankasi AS                                                             | CUSIP: 000000000<br>LEI: 213800K5KTZFSUS8MR51 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $208500.00    | 0.00%             | 2026-08-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CEV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19517187.60  | 0.44%             | 2029-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                                                   | Discovery Communications LLC                                                     | CUSIP: 25470DCC1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $177018.29    | 0.00%             | 2030-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| EMBECTA CORP                                                               | Embecta Corp                                                                     | CUSIP: 29082KAB1<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9627.22      | 0.00%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                        | Petroleos Mexicanos                                                              | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    700000 | PA      | $688968.43    | 0.02%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                                   | Standard Industries Inc/NY                                                       | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    475000 | PA      | $449737.80    | 0.01%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MOBIUS MERGER SUB                                                          | Mobius Merger Sub Inc                                                            | CUSIP: 606950AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $137656.29    | 0.00%             | 2030-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CLX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10912000 | PA      | $10959740.00  | 0.25%             | 2027-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BAFFINLAND IRON CORP/LP                                                    | Baffinland Iron Mines Corp / Baffinland Iron Mines LP                            | CUSIP: 056623AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    180000 | PA      | $169921.13    | 0.00%             | 2026-07-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                               | US Foods Inc                                                                     | CUSIP: 90290MAE1<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144641.90    | 0.00%             | 2030-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| WILDFIRE INTERMEDIATE HO                                                   | Wildfire Intermediate Holdings LLC                                               | CUSIP: 96812HAA6<br>LEI: 5493003RHEMQJZEXIR02 | Long             | DBT              | CORP              | US        |    190000 | PA      | $189182.41    | 0.00%             | 2029-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                                                    | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     49000 | PA      | $48396.02     | 0.00%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| TURKIYE VARLIK FONU                                                        | Turkiye Varlik Fonu Yonetimi AS                                                  | CUSIP: 000000000<br>LEI: 789000MAPAG7J8DI3112 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $209651.50    | 0.00%             | 2029-02-14      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                                                          | International Finance Corp                                                       | CUSIP: 45950KDF4<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |    235000 | PA      | $235951.49    | 0.01%             | 2027-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                      | Athene Global Funding                                                            | CUSIP: 04685A3C3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    255000 | PA      | $236519.10    | 0.01%             | 2028-08-19      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                                                | Swedbank AB                                                                      | CUSIP: 87020PAT4<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |    265000 | PA      | $269434.22    | 0.01%             | 2027-09-20      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| STIFEL FINANCIAL CORP                                                      | Stifel Financial Corp                                                            | CUSIP: 860630AG7<br>LEI: 549300E5F07FE5GHJX84 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96320.84     | 0.00%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ADIB SUKUK II CO LTD                                                       | Adib Sukuk Co II Ltd                                                             | CUSIP: 000000000<br>LEI: 254900P61RF2TVOBAD72 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $207269.07    | 0.00%             | 2028-11-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RESOURCES                                                    | Canadian Natural Resources Ltd                                                   | CUSIP: 136385BB6<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    220000 | PA      | $221456.25    | 0.00%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                   | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668CA8<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202799.89    | 0.00%             | 2026-11-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140EVPN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14472 | PA      | $14055.62     | 0.00%             | 2031-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                                     | Blackstone Private Credit Fund                                                   | CUSIP: 09261HAR8<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    265000 | PA      | $255561.23    | 0.01%             | 2029-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CIENA CORP                                                                 | Ciena Corp                                                                       | CUSIP: 171779AL5<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | DBT              | CORP              | US        |    125000 | PA      | $118058.94    | 0.00%             | 2030-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIAVI SOLUTIONS INC                                                        | Viavi Solutions Inc                                                              | CUSIP: 925550AF2<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |    130000 | PA      | $120451.41    | 0.00%             | 2029-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WORKDAY INC                                                                | Workday Inc                                                                      | CUSIP: 98138HAH4<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |    225000 | PA      | $219267.33    | 0.00%             | 2029-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BOSTON GAS COMPANY                                                         | Boston Gas Co                                                                    | CUSIP: 100743AK9<br>LEI: FN7P4E7K9JOBORDEUX61 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68098.91     | 0.00%             | 2027-08-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                   | Avolon Holdings Funding Ltd                                                      | CUSIP: 05401AAU5<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    380000 | PA      | $389906.73    | 0.01%             | 2029-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PIKE CORP                                                                  | Pike Corp                                                                        | CUSIP: 721283AA7<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248970.43    | 0.01%             | 2028-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| IHO Verwaltungs GmbH                                                       | IHO Verwaltungs GmbH                                                             | CUSIP: 44963BAD0<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    140000 | PA      | $140059.00    | 0.00%             | 2029-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| KOMATSU FINANCE AMERICA                                                    | Komatsu Finance America Inc                                                      | CUSIP: 50048WAA6<br>LEI: 549300SRAAFEEQ8Z4D68 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50948.02     | 0.00%             | 2027-10-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                                     | Asian Development Bank                                                           | CUSIP: 045167GA5<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |   1190000 | PA      | $1190642.55   | 0.03%             | 2027-01-12      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                                                    | Procter & Gamble Co/The                                                          | CUSIP: 742718GK9<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145105.40    | 0.00%             | 2029-10-24      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| HONG KONG MORTGAGE CORP                                                    | Hong Kong Mortgage Corp Ltd/The                                                  | CUSIP: 000000000<br>LEI: 254900W04TBDJ4UBOS04 | Long             | DBT              | NUSS              | HK        |    200000 | PA      | $203049.62    | 0.00%             | 2028-09-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent                                                      | American Homes 4 Rent LP                                                         | CUSIP: 02666TAB3<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |    100000 | PA      | $100937.38    | 0.00%             | 2029-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MEITUAN                                                                    | Meituan                                                                          | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $398260.36    | 0.01%             | 2028-04-02      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                                                   | Hudson Pacific Properties LP                                                     | CUSIP: 44409MAA4<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |    150000 | PA      | $141886.11    | 0.00%             | 2027-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies Inc                                                      | SS&C Technologies Inc                                                            | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |    595000 | PA      | $595030.06    | 0.01%             | 2027-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WORLD ACCEPTANCE CORP                                                      | World Acceptance Corp                                                            | CUSIP: 981419AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $86487.51     | 0.00%             | 2026-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| ABBVIE INC                                                                 | AbbVie Inc                                                                       | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    785000 | PA      | $797334.28    | 0.02%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Zoetis Inc                                                                 | Zoetis Inc                                                                       | CUSIP: 98978VAN3<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    155000 | PA      | $153535.77    | 0.00%             | 2028-08-20      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                      | Wells Fargo & Co                                                                 | CUSIP: 95000U2A0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    870000 | PA      | $855508.30    | 0.02%             | 2028-05-22      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CMF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25006000 | PA      | $25201359.38  | 0.57%             | 2028-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VAREX IMAGING CORPORATIO                                                   | Varex Imaging Corp                                                               | CUSIP: 92214XAC0<br>LEI: 549300CWYWPVCT8E9W67 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111413.86    | 0.00%             | 2027-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| RAISING CANE'S RESTAURAN                                                   | Raising Cane's Restaurants LLC                                                   | CUSIP: 75103AAA3<br>LEI: 254900V6ADXFWHYOED66 | Long             | DBT              | CORP              | US        |    150000 | PA      | $158433.06    | 0.00%             | 2029-05-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                                         | Banco Santander SA                                                               | CUSIP: 05964HAN5<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    590000 | PA      | $570695.72    | 0.01%             | 2027-09-14      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| ALINMA TIER 1 SUKUK LTD                                                    | Alinma Tier 1 Sukuk Ltd                                                          | CUSIP: 000000000<br>LEI: 254900PU1O6UI27SN825 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $202594.78    | 0.00%             | 2029-03-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| IND & COMM BK CHINA/HK                                                     | Industrial & Commercial Bank of China Ltd/Hong Kong                              | CUSIP: 000000000<br>LEI: 5493002ERZU2K9PZDL40 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $193396.60    | 0.00%             | 2026-10-28      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                                             | Air Lease Corp                                                                   | CUSIP: 00914AAT9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    300000 | PA      | $308727.38    | 0.01%             | 2027-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                                           | AmWINS Group Inc                                                                 | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    230000 | PA      | $234220.85    | 0.01%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                                                      | Duke Energy Carolinas LLC                                                        | CUSIP: 26442CBA1<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    150000 | PA      | $138099.32    | 0.00%             | 2030-02-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| EUSHI FINANCE INC                                                          | EUSHI Finance Inc                                                                | CUSIP: 29882DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $156590.18    | 0.00%             | 2054-12-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                                               | QUALCOMM Inc                                                                     | CUSIP: 747525BK8<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4530.41      | 0.00%             | 2030-05-20      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                              | Citigroup Inc                                                                    | CUSIP: 17327CAW3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    700000 | PA      | $703584.37    | 0.02%             | 2029-03-04      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| SOLVAY FINANCE (AMERICA)                                                   | Syensqo Finance America LLC                                                      | CUSIP: 834423AE5<br>LEI: 54930073OEL5K0Y7NK81 | Long             | DBT              | CORP              | US        |    235000 | PA      | $241927.88    | 0.01%             | 2029-06-04      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Nuveen LLC                                                                 | Nuveen LLC                                                                       | CUSIP: 67080LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    255000 | PA      | $251939.55    | 0.01%             | 2028-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| THE CAMPBELLS COMPANY                                                      | The Campbell's Company                                                           | CUSIP: 134429BM0<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    165000 | PA      | $166862.28    | 0.00%             | 2027-03-19      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                                            | Danske Bank A/S                                                                  | CUSIP: 23636AAR2<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    185000 | PA      | $184572.92    | 0.00%             | 2028-06-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW USA INFRA HLDS                                                   | South Bow USA Infrastructure Holdings LLC                                        | CUSIP: 83007CAA0<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    320000 | PA      | $321064.54    | 0.01%             | 2027-09-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                           | Deutsche Bank AG/New York NY                                                     | CUSIP: 251526DB2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    215000 | PA      | $215263.19    | 0.00%             | 2031-08-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Berry Global Inc                                                           | Berry Global Inc                                                                 | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    108000 | PA      | $107926.46    | 0.00%             | 2026-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PETSMART INC/PETSMART FI                                                   | PetSmart Inc / PetSmart Finance Corp                                             | CUSIP: 71677KAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $342506.66    | 0.01%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| OWENS CORNING                                                              | Owens Corning                                                                    | CUSIP: 690742AM3<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |    105000 | PA      | $100172.82    | 0.00%             | 2030-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                    | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GB29<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    840000 | PA      | $853180.89    | 0.02%             | 2030-07-23      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                                                 | Pfizer Inc                                                                       | CUSIP: 717081EW9<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    395000 | PA      | $365812.65    | 0.01%             | 2030-04-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| KFW                                                                        | Kreditanstalt fuer Wiederaufbau                                                  | CUSIP: 500769JQ8<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |    747000 | PA      | $720466.66    | 0.02%             | 2026-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                                         | Viking Cruises Ltd                                                               | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    160000 | PA      | $161208.98    | 0.00%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                                                    | American Axle & Manufacturing Inc                                                | CUSIP: 02406PAU4<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    155000 | PA      | $155192.52    | 0.00%             | 2027-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MASHREQBANK PSC                                                            | Mashreqbank PSC                                                                  | CUSIP: 000000000<br>LEI: 5493000SA3K24EQKA103 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $210563.15    | 0.00%             | 2033-02-24      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                                                    | Pfizer Investment Enterprises Pte Ltd                                            | CUSIP: 716973AD4<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    900000 | PA      | $907837.56    | 0.02%             | 2030-05-19      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                                           | ABN AMRO Bank NV                                                                 | CUSIP: 00084DBD1<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |    210000 | PA      | $211842.28    | 0.00%             | 2028-12-03      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| ARKO CORP                                                                  | Arko Corp                                                                        | CUSIP: 041242AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $106587.44    | 0.00%             | 2029-11-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO                                                       | National Fuel Gas Co                                                             | CUSIP: 636180BS9<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |    130000 | PA      | $131019.22    | 0.00%             | 2026-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TJV8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    370000 | PA      | $357618.42    | 0.01%             | 2027-01-13      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| SCHLUMBERGER HLDGS CORP                                                    | Schlumberger Holdings Corp                                                       | CUSIP: 806851AL5<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |    180000 | PA      | $181818.78    | 0.00%             | 2027-05-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                | Oracle Corp                                                                      | CUSIP: 68389XCY9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    505000 | PA      | $510390.36    | 0.01%             | 2028-08-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                                              | CommScope LLC                                                                    | CUSIP: 203372AX5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    273000 | PA      | $265195.20    | 0.01%             | 2029-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KOMMUNINVEST I SVERIGE                                                     | Kommuninvest I Sverige AB                                                        | CUSIP: 50046PCL7<br>LEI: EV2XZWMLLXF2QRX0CD47 | Long             | DBT              | NUSS              | SE        |    400000 | PA      | $401430.38    | 0.01%             | 2026-09-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                                   | New York Life Global Funding                                                     | CUSIP: 64953BBW7<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150521.20    | 0.00%             | 2028-04-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                     | Pacific Gas and Electric Co                                                      | CUSIP: 694308KQ9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    230000 | PA      | $234410.00    | 0.01%             | 2029-05-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                    | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GZU1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    865000 | PA      | $865135.17    | 0.02%             | 2028-08-23      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| CALDERYS FINANCING LLC                                                     | Calderys Financing LLC                                                           | CUSIP: 128786AA8<br>LEI: 254900ZIKDM74XNEFV84 | Long             | DBT              | CORP              | US        |    175000 | PA      | $185085.57    | 0.00%             | 2028-06-01      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                                                   | British Telecommunications PLC                                                   | CUSIP: 111021AL5<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $203411.03    | 0.00%             | 2028-12-04      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SSM HEALTH CARE                                                            | SSM Health Care Corp                                                             | CUSIP: 784710AA3<br>LEI: 5493000QP6H63JFPC580 | Long             | DBT              | CORP              | US        |    165000 | PA      | $163370.47    | 0.00%             | 2027-06-01      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| NUCOR CORP                                                                 | Nucor Corp                                                                       | CUSIP: 670346AS4<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |    150000 | PA      | $137994.87    | 0.00%             | 2030-06-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                                    | International Bank for Reconstruction & Development                              | CUSIP: 459058KJ1<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   3480000 | PA      | $3426112.27   | 0.08%             | 2027-06-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| SHELF DRILL HOLD LTD                                                       | Shelf Drilling Holdings Ltd                                                      | CUSIP: 000000000<br>LEI: 54930078ZJ3XP4MRYB68 | Long             | DBT              | CORP              | KY        |    387000 | PA      | $331168.26    | 0.01%             | 2029-04-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: —       |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TJZ9<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    570000 | PA      | $558698.63    | 0.01%             | 2027-03-22      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| US BANK NA CINCINNATI                                                      | US Bank NA/Cincinnati OH                                                         | CUSIP: 90331HPP2<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |    490000 | PA      | $489638.32    | 0.01%             | 2027-10-22      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                          | Herc Holdings Inc                                                                | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    230000 | PA      | $235526.54    | 0.01%             | 2029-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                                              | LGI Homes Inc                                                                    | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    130000 | PA      | $136129.96    | 0.00%             | 2028-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                                                | PepsiCo Inc                                                                      | CUSIP: 713448FR4<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    245000 | PA      | $247404.12    | 0.01%             | 2028-05-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                                     | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAB1<br>LEI: N/A                  | Long             | DBT              |  | US        |    330000 | PA      | $323556.69    | 0.01%             | 2029-12-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CLG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23574000 | PA      | $23487439.34  | 0.53%             | 2027-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140EU2G3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     86664 | PA      | $84196.63     | 0.00%             | 2031-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BIMBO BAKERIES USA INC                                                     | Bimbo Bakeries USA Inc                                                           | CUSIP: 000000000<br>LEI: 549300HOXXHHT7926W92 | Long             | DBT              | CORP              | US        |    200000 | PA      | $207887.52    | 0.00%             | 2029-01-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| NESTLE CAPITAL CORP                                                        | Nestle Capital Corp                                                              | CUSIP: 64105MAA9<br>LEI: 549300VIRTXBZ81J0S95 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152269.10    | 0.00%             | 2029-03-12      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| VONTIER CORP                                                               | Vontier Corp                                                                     | CUSIP: 928881AD3<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |    175000 | PA      | $164466.62    | 0.00%             | 2028-04-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                                   | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    150000 | PA      | $151125.83    | 0.00%             | 2029-09-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Union Electric Co                                                          | Union Electric Co                                                                | CUSIP: 906548CM2<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78185.28     | 0.00%             | 2027-06-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 31307RD85<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |      7108 | PA      | $6892.30      | 0.00%             | 2031-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                                                     | Aviation Capital Group LLC                                                       | CUSIP: 05369AAL5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    327000 | PA      | $316761.66    | 0.01%             | 2026-09-20      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MAF7<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    800000 | PA      | $786521.13    | 0.02%             | 2026-07-14      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION SOFTWARE                                                     | Constellation Software Inc/Canada                                                | CUSIP: 21037XAC4<br>LEI: 549300B6PYHMCTDWQV29 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $126946.88    | 0.00%             | 2029-02-16      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| COX COMMUNICATIONS INC                                                     | Cox Communications Inc                                                           | CUSIP: 224044CR6<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |    285000 | PA      | $291199.05    | 0.01%             | 2028-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| KOREA ELECTRIC POWER CO                                                    | Korea Electric Power Corp                                                        | CUSIP: 000000000<br>LEI: 988400QG33WS7JEIV602 | Long             | DBT              | NUSS              | KR        |    400000 | PA      | $403710.54    | 0.01%             | 2026-07-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                                           | NTT Finance Corp                                                                 | CUSIP: 62954WAS4<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    205000 | PA      | $206131.99    | 0.00%             | 2030-07-16      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                         | Energy Transfer LP                                                               | CUSIP: 29278NAQ6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    450000 | PA      | $431109.90    | 0.01%             | 2030-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| 3M COMPANY                                                                 | 3M Co                                                                            | CUSIP: 88579YAY7<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |    345000 | PA      | $334923.17    | 0.01%             | 2027-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC                                                       | Waste Management Inc                                                             | CUSIP: 94106LBN8<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |     55000 | PA      | $50900.53     | 0.00%             | 2028-03-15      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PAM8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    680000 | PA      | $665133.63    | 0.02%             | 2029-01-23      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                      | Wells Fargo & Co                                                                 | CUSIP: 95000U2V4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1205649.80   | 0.03%             | 2028-03-24      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                                             | NCR Voyix Corp                                                                   | CUSIP: 62886EAY4<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    235000 | PA      | $231074.60    | 0.01%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                                             | Mastercard Inc                                                                   | CUSIP: 57636QBF0<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90942.63     | 0.00%             | 2028-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                     | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KCN8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    230000 | PA      | $234413.90    | 0.01%             | 2030-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| MET LIFE GLOB FUNDING I                                                    | Metropolitan Life Global Funding I                                               | CUSIP: 59217GFD6<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148837.24    | 0.00%             | 2029-08-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                     | Pacific Gas and Electric Co                                                      | CUSIP: 694308HW0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193163.08    | 0.00%             | 2027-12-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                                     | Santander Holdings USA Inc                                                       | CUSIP: 80282KBC9<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    366000 | PA      | $354617.60    | 0.01%             | 2028-01-06      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| CPPIB CAPITAL INC                                                          | CPPIB Capital Inc                                                                | CUSIP: 22411VAU2<br>LEI: 549300KW9NB55HTDK075 | Long             | DBT              | NUSS              | CA        |    915000 | PA      | $882208.72    | 0.02%             | 2026-09-09      | Fixed         | 0.88%                 | No            |                  2 | On Loan: —       |
| UNITEDHEALTH GROUP INC                                                     | UnitedHealth Group Inc                                                           | CUSIP: 91324PFF4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    130000 | PA      | $130416.99    | 0.00%             | 2026-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| OMEGA HLTHCARE INVESTORS                                                   | Omega Healthcare Investors Inc                                                   | CUSIP: 681936BL3<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              |  | US        |    165000 | PA      | $156585.41    | 0.00%             | 2029-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| ADOBE INC                                                                  | Adobe Inc                                                                        | CUSIP: 00724PAH2<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | DBT              | CORP              | US        |    235000 | PA      | $238326.83    | 0.01%             | 2028-01-17      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                                                                 | Phinia Inc                                                                       | CUSIP: 71880KAA9<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |    175000 | PA      | $180119.77    | 0.00%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                                              | DTE Energy Co                                                                    | CUSIP: 233331BK2<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    300000 | PA      | $305190.38    | 0.01%             | 2029-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Citibank Credit Card Issuance Trust                                        | Citibank Credit Card Issuance Trust                                              | CUSIP: 17305EHB4<br>LEI: R8AG6FXVDQAMDKCSJJ64 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $501770.57    | 0.01%             | 2032-06-21      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CCP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16850000 | PA      | $16268148.44  | 0.37%             | 2026-07-31      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| VELOCITY VEHICLE GROUP                                                     | Velocity Vehicle Group LLC                                                       | CUSIP: 92262TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $151984.59    | 0.00%             | 2029-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CONOPCO INC                                                                | Conopco Inc                                                                      | CUSIP: 126149AD5<br>LEI: 549300DWD4D3B5EZJC04 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62302.36     | 0.00%             | 2026-12-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                         | Roche Holdings Inc                                                               | CUSIP: 771196BV3<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |    480000 | PA      | $466375.85    | 0.01%             | 2027-03-10      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| AG TTMT ESCROW ISSUER                                                      | AG TTMT Escrow Issuer LLC                                                        | CUSIP: 00840KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    158000 | PA      | $162251.73    | 0.00%             | 2027-09-30      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TLL7<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    240000 | PA      | $242229.38    | 0.01%             | 2029-01-05      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BOUBYAN SUKUK LTD                                                          | Boubyan Sukuk Ltd                                                                | CUSIP: 000000000<br>LEI: 549300T2HAD9JJ1YV324 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $195506.69    | 0.00%             | 2027-03-29      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| ISDB TRUST NO 2                                                            | Isdb Trust Services NO 2 SARL                                                    | CUSIP: 000000000<br>LEI: 222100S88XMYHA1E3547 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $196637.01    | 0.00%             | 2027-04-28      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78016FZZ0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    270000 | PA      | $272030.50    | 0.01%             | 2026-07-20      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                                            | AdaptHealth LLC                                                                  | CUSIP: 00653VAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $145270.08    | 0.00%             | 2029-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                                                   | Sumitomo Mitsui Trust Bank Ltd                                                   | CUSIP: 86563VBU2<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $199658.72    | 0.00%             | 2029-09-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                                                      | Duke Energy Carolinas LLC                                                        | CUSIP: 26442CAX2<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    155000 | PA      | $153679.89    | 0.00%             | 2028-11-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp                                                            | McDonald's Corp                                                                  | CUSIP: 58013MFF6<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    117000 | PA      | $115637.07    | 0.00%             | 2028-04-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                     | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KBK5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    145000 | PA      | $144656.44    | 0.00%             | 2079-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust                               | American Express Credit Account Master Trust                                     | CUSIP: 02589BAE0<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |   1110000 | PA      | $1119002.50   | 0.03%             | 2029-07-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                           | Societe Generale SA                                                              | CUSIP: 83368RCH3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $404347.13    | 0.01%             | 2029-05-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                     | Extra Space Storage LP                                                           | CUSIP: 30225VAH0<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |    120000 | PA      | $117396.27    | 0.00%             | 2029-04-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI CORP                                                            | Mitsubishi Corp                                                                  | CUSIP: 606769AG2<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | DBT              | CORP              | JP        |    420000 | PA      | $406958.11    | 0.01%             | 2026-07-15      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| AIR PRODUCTS & CHEMICALS                                                   | Air Products and Chemicals Inc                                                   | CUSIP: 009158BH8<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | DBT              | CORP              | US        |    422000 | PA      | $425916.65    | 0.01%             | 2029-02-08      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                                                           | LG Energy Solution Ltd                                                           | CUSIP: 000000000<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $201925.50    | 0.00%             | 2027-07-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CROWDSTRIKE HOLDINGS INC                                                   | Crowdstrike Holdings Inc                                                         | CUSIP: 22788CAA3<br>LEI: 549300YBY08K9KM4HX32 | Long             | DBT              | CORP              | US        |    240000 | PA      | $224692.37    | 0.01%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LINK FINANCE CAYMAN 2009                                                   | Link Finance Cayman 2009 Ltd/The                                                 | CUSIP: 000000000<br>LEI: 254900J10LHB6JOSNR19 | Long             | DBT              |  | KY        |    200000 | PA      | $196799.47    | 0.00%             | 2026-07-21      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| GENTING NY LLC/GENNY CAP                                                   | Genting New York LLC / GENNY Capital Inc                                         | CUSIP: 37255JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $206092.81    | 0.00%             | 2029-10-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PROSPECT CAPITAL CORP                                                      | Prospect Capital Corp                                                            | CUSIP: 74348TAW2<br>LEI: 549300FSD8T39P5Q0O47 | Long             | DBT              | CORP              | US        |    100000 | PA      | $90275.15     | 0.00%             | 2028-10-15      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| ICBCIL FINANCE CO LTD                                                      | ICBCIL Finance Co Ltd                                                            | CUSIP: 000000000<br>LEI: 549300ZCUURSNVTOEU07 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $194640.72    | 0.00%             | 2027-01-27      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                        | Southern California Edison Co                                                    | CUSIP: 842400GS6<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    185000 | PA      | $171612.33    | 0.00%             | 2029-08-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| MINOR INTERNATIONAL PCL                                                    | Minor International PCL                                                          | CUSIP: 000000000<br>LEI: 254900T4WB2UF9XPX041 | Long             | DBT              | CORP              | TH        |    200000 | PA      | $196071.19    | 0.00%             | 2026-04-19      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| ADANI PORTS AND SPECIAL                                                    | Adani Ports & Special Economic Zone Ltd                                          | CUSIP: 000000000<br>LEI: 335800QOAXP5TM7OYP69 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $193986.94    | 0.00%             | 2027-08-04      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397A86<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    425000 | PA      | $414222.54    | 0.01%             | 2027-08-17      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BANK OF EAST ASIA LTD                                                      | Bank of East Asia Ltd/The                                                        | CUSIP: 000000000<br>LEI: CO6GC26LCGGRTUESIP55 | Long             | DBT              | CORP              | HK        |    250000 | PA      | $255529.47    | 0.01%             | 2034-06-27      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PAYPAL HOLDINGS INC                                                        | PayPal Holdings Inc                                                              | CUSIP: 70450YAS2<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75333.62     | 0.00%             | 2028-03-06      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Republic of Guatemala                                                      | Guatemala Government Bond                                                        | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    200000 | PA      | $196827.72    | 0.00%             | 2027-06-05      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                                | Citibank NA                                                                      | CUSIP: 17325FBB3<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    805000 | PA      | $838363.25    | 0.02%             | 2028-09-29      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN                                                     | Cogent Communications Group LLC / Cogent Finance Inc                             | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145256.32    | 0.00%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES 2020-AA                                                    | Delta Air Lines 2020-1 Class AA Pass Through Trust                               | CUSIP: 247361ZV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    168247 | PA      | $159196.04    | 0.00%             | 2028-06-10      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                                                      | Blue Owl Capital Corp                                                            | CUSIP: 69121KAG9<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    265000 | PA      | $247225.84    | 0.01%             | 2028-06-11      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| FRANSHION BRILLIANT LTD                                                    | Franshion Brilliant Ltd                                                          | CUSIP: 000000000<br>LEI: 549300E3ZP4GOU3D4G57 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $179281.49    | 0.00%             | 2029-07-23      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| QUEST DIAGNOSTICS INC                                                      | Quest Diagnostics Inc                                                            | CUSIP: 74834LBB5<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185757.67    | 0.00%             | 2030-06-30      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| BK OF CHINA/PANAMA                                                         | Bank of China Ltd/Panama                                                         | CUSIP: 000000000<br>LEI: 984500BDB0DE6F1AF647 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $199991.90    | 0.00%             | 2028-03-19      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION OIL SA                                                       | Constellation Oil Services Holding SA                                            | CUSIP: 000000000<br>LEI: 5493005YJTU769NW5I10 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $204970.39    | 0.00%             | 2029-11-07      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                                                    | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |    325000 | PA      | $316138.98    | 0.01%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| DAIMLER TRUCK FINAN NA                                                     | Daimler Truck Finance North America LLC                                          | CUSIP: 233853AT7<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    215000 | PA      | $220010.09    | 0.00%             | 2028-09-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138ERM49<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     83839 | PA      | $81504.18     | 0.00%             | 2031-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                                   | National Rural Utilities Cooperative Finance Corp                                | CUSIP: 63743HFN7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    170000 | PA      | $172545.29    | 0.00%             | 2029-02-07      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| GREAT WALL INTL V                                                          | China Great Wall International Holdings V Ltd                                    | CUSIP: 000000000<br>LEI: 254900N6H4J4MJJ8ZN67 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $194961.86    | 0.00%             | 2026-11-23      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                                     | Turkiye Government International Bonds                                           | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    600000 | PA      | $635267.45    | 0.01%             | 2027-09-24      | Fixed         | 8.60%                 | No            |                  2 | On Loan: —       |
| ARADA SUKUK 2 LTD                                                          | Arada Sukuk 2 Ltd                                                                | CUSIP: 000000000<br>LEI: 254900QJ8SRKQPBY4V77 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $206313.13    | 0.00%             | 2029-06-24      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                      | Athene Global Funding                                                            | CUSIP: 04685A4N8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50183.60     | 0.00%             | 2028-05-09      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| VERMILION ENERGY INC                                                       | Vermilion Energy Inc                                                             | CUSIP: 923725AD7<br>LEI: 8945009D1HGCJC8M8A68 | Long             | DBT              | CORP              | CA        |    120000 | PA      | $116412.08    | 0.00%             | 2030-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ANALOG DEVICES INC                                                         | Analog Devices Inc                                                               | CUSIP: 032654BD6<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |    225000 | PA      | $224912.29    | 0.01%             | 2028-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SUMMIT MIDSTREAM HOLDING                                                   | Summit Midstream Holdings LLC                                                    | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $228994.80    | 0.01%             | 2029-10-31      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                                                   | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAG5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    100000 | PA      | $93183.17     | 0.00%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL GRID PLC                                                          | National Grid PLC                                                                | CUSIP: 636274AD4<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | DBT              | CORP              | GB        |    225000 | PA      | $231490.91    | 0.01%             | 2028-06-12      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                                           | Ryder System Inc                                                                 | CUSIP: 78355HKX6<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    160000 | PA      | $168998.05    | 0.00%             | 2028-12-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                    | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GYG3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    851000 | PA      | $822293.51    | 0.02%             | 2027-09-10      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| RONGSHI INTERNATIONAL FI                                                   | Rongshi International Finance Ltd                                                | CUSIP: 000000000<br>LEI: 5493002NOQBAWLD8YZ55 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $197345.91    | 0.00%             | 2027-05-04      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| TENNECO INC                                                                | Tenneco Inc                                                                      | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |    585000 | PA      | $580741.50    | 0.01%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK CHINA                                                   | Export-Import Bank of China/The                                                  | CUSIP: 000000000<br>LEI: 300300C1020211000045 | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $195911.84    | 0.00%             | 2027-11-28      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                                                     | Protective Life Global Funding                                                   | CUSIP: 74368CCC6<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151101.63    | 0.00%             | 2030-06-05      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Hubbell Inc                                                                | Hubbell Inc                                                                      | CUSIP: 443510AJ1<br>LEI: 54930088VDQ6840Y6597 | Long             | DBT              | CORP              | US        |    105000 | PA      | $102741.35    | 0.00%             | 2028-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                                            | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    275000 | PA      | $261309.43    | 0.01%             | 2030-01-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| JABIL INC                                                                  | Jabil Inc                                                                        | CUSIP: 46656PAA2<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127479.62    | 0.00%             | 2029-02-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                                | Citibank NA                                                                      | CUSIP: 17325FBC1<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    560000 | PA      | $567369.76    | 0.01%             | 2026-12-04      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                      | Mexico Government International Bonds                                            | CUSIP: 91087BAC4<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    800000 | PA      | $795309.75    | 0.02%             | 2027-03-28      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                                        | Kinetik Holdings LP                                                              | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300123.28    | 0.01%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO                                                       | Matador Resources Co                                                             | CUSIP: 576485AF3<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    175000 | PA      | $177812.45    | 0.00%             | 2028-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                                    | Metropolitan Life Global Funding I                                               | CUSIP: 59217GFB0<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    395000 | PA      | $395675.41    | 0.01%             | 2027-06-30      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                                                    | Nationwide Building Society                                                      | CUSIP: 63861VAM9<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $200125.15    | 0.00%             | 2029-07-14      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                                     | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $199932.61    | 0.00%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                           | T-Mobile USA Inc                                                                 | CUSIP: 87264ADA0<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    330000 | PA      | $333962.83    | 0.01%             | 2028-07-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                         | BMO 2024-5C8 Mortgage Trust                                                      | CUSIP: 09661XAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $494104.76    | 0.01%             | 2057-12-15      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                                     | Comstock Resources Inc                                                           | CUSIP: 205768AU8<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118147.19    | 0.00%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                                                          | Cisco Systems Inc                                                                | CUSIP: 17275RBX9<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    345000 | PA      | $350684.13    | 0.01%             | 2030-02-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MDA5<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $202547.43    | 0.00%             | 2026-07-13      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                        | American Tower Corp                                                              | CUSIP: 03027XCL2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    130000 | PA      | $131971.32    | 0.00%             | 2030-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                                                          | L3Harris Technologies Inc                                                        | CUSIP: 502431AM1<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    470000 | PA      | $470053.73    | 0.01%             | 2028-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Cencosud SA                                                                | Cencosud SA                                                                      | CUSIP: 000000000<br>LEI: 549300NLTGCFV7482429 | Long             | DBT              | CORP              | CL        |    400000 | PA      | $396947.71    | 0.01%             | 2027-07-17      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                             | Home Depot Inc/The                                                               | CUSIP: 437076BY7<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    545000 | PA      | $519792.73    | 0.01%             | 2029-06-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| VF CORP                                                                    | VF Corp                                                                          | CUSIP: 918204BC1<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |    235000 | PA      | $199050.63    | 0.00%             | 2030-04-23      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFIN CORP                                                       | Parker-Hannifin Corp                                                             | CUSIP: 701094AN4<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |    300000 | PA      | $287654.82    | 0.01%             | 2029-06-14      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MATIV HOLDINGS INC                                                         | Mativ Holdings Inc                                                               | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |    105000 | PA      | $94526.79     | 0.00%             | 2029-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| ALIBABA GROUP HOLDING                                                      | Alibaba Group Holding Ltd                                                        | CUSIP: 01609WBH4<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    300000 | PA      | $306142.07    | 0.01%             | 2030-05-26      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140XDKZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    485960 | PA      | $431508.59    | 0.01%             | 2036-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                      | Toronto-Dominion Bank/The                                                        | CUSIP: 89115A2V3<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $101084.44    | 0.00%             | 2026-12-11      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| TC ZIRAAT BANKASI AS                                                       | TC Ziraat Bankasi AS                                                             | CUSIP: 000000000<br>LEI: 213800K5KTZFSUS8MR51 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $207463.22    | 0.00%             | 2029-01-16      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                               | Barclays PLC                                                                     | CUSIP: 06738EBY0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    735000 | PA      | $747336.78    | 0.02%             | 2028-08-09      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                   | Caterpillar Financial Services Corp                                              | CUSIP: 14913UAS9<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    275000 | PA      | $277381.26    | 0.01%             | 2027-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| NUVEEN CHURCHILL DIRECT                                                    | Nuveen Churchill Direct Lending Corp                                             | CUSIP: 67090SAA6<br>LEI: 254900X3ULEP6XX7HG39 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82219.48     | 0.00%             | 2030-03-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                                        | Intesa Sanpaolo SpA                                                              | CUSIP: 46115HBL0<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    200000 | PA      | $194392.21    | 0.00%             | 2029-09-23      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OVERSEA-CHINESE BANKING                                                    | Oversea-Chinese Banking Corp Ltd                                                 | CUSIP: 000000000<br>LEI: 5493007O3QFXCPOGWK22 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $199696.32    | 0.00%             | 2032-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                       | Bank of America Corp                                                             | CUSIP: 06051GLC1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    650000 | PA      | $674516.35    | 0.02%             | 2028-11-10      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140XDX84<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    643939 | PA      | $588554.90    | 0.01%             | 2036-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PERNOD RIC INTL FIN LLC                                                    | Pernod Ricard International Finance LLC                                          | CUSIP: 71427QAA6<br>LEI: 5493009254WI1A8WXT48 | Long             | DBT              | CORP              | US        |    150000 | PA      | $138002.78    | 0.00%             | 2028-04-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                                                   | Microchip Technology Inc                                                         | CUSIP: 595017BL7<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303391.23    | 0.01%             | 2030-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| UniCredit SpA                                                              | UniCredit SpA                                                                    | CUSIP: 904678AQ2<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    350000 | PA      | $371139.08    | 0.01%             | 2034-04-02      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| ZHUJI DEVELOPMENT LTD                                                      | Zhuji Development Ltd                                                            | CUSIP: 000000000<br>LEI: 3003004LZJ550ZJ4CD15 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $201391.41    | 0.00%             | 2027-08-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                                                    | Philippine Government International Bond                                         | CUSIP: 718286CY1<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    200000 | PA      | $201260.64    | 0.00%             | 2028-07-17      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                                             | Eli Lilly & Co                                                                   | CUSIP: 532457CU0<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    365000 | PA      | $368565.79    | 0.01%             | 2028-02-12      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| REDE D'OR FINANCE SARL                                                     | Rede D'or Finance Sarl                                                           | CUSIP: 000000000<br>LEI: 549300FDE772OLJUCP79 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $197638.54    | 0.00%             | 2028-01-17      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SINOPEC GRP DEV 2018                                                       | Sinopec Group Overseas Development 2018 Ltd                                      | CUSIP: 000000000<br>LEI: 549300C6OZZ8LTVR8209 | Long             | DBT              | CORP              | VG        |    600000 | PA      | $600786.49    | 0.01%             | 2028-09-12      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| IVANHOE MINES LTD                                                          | Ivanhoe Mines Ltd                                                                | CUSIP: 46579RAE4<br>LEI: 5299006XZISURYIA4G32 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $201046.15    | 0.00%             | 2030-01-23      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                                    | United Rentals North America Inc                                                 | CUSIP: 911365BF0<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149996.74    | 0.00%             | 2027-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                          | State Street Corp                                                                | CUSIP: 857477DB6<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    225000 | PA      | $228571.59    | 0.01%             | 2030-04-24      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CLN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25905000 | PA      | $25482020.05  | 0.58%             | 2029-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                           | T-Mobile USA Inc                                                                 | CUSIP: 87264ACS2<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    125000 | PA      | $116207.39    | 0.00%             | 2029-03-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                                                   | Northwestern Mutual Global Funding                                               | CUSIP: 66815L2K4<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110287.15    | 0.00%             | 2027-09-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| 3M COMPANY                                                                 | 3M Co                                                                            | CUSIP: 88579YBC4<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |    140000 | PA      | $137119.68    | 0.00%             | 2028-09-14      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                 | AbbVie Inc                                                                       | CUSIP: 00287YDR7<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    750000 | PA      | $755043.17    | 0.02%             | 2027-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                                   | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    240000 | PA      | $245485.45    | 0.01%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KLABIN AUSTRIA GMBH                                                        | Klabin Austria GmbH                                                              | CUSIP: 000000000<br>LEI: 984500578YEA8DD41B09 | Long             | DBT              | CORP              | AT        |    200000 | PA      | $202066.97    | 0.00%             | 2029-04-03      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds                                   | Indonesia Government International Bonds                                         | CUSIP: 455780CD6<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    600000 | PA      | $590413.24    | 0.01%             | 2028-01-11      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINANCE                                                    | Sumitomo Mitsui Finance & Leasing Co Ltd                                         | CUSIP: 000000000<br>LEI: 5493004ZIDB3D67KKA03 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $202239.62    | 0.00%             | 2029-01-23      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                        | Southern California Edison Co                                                    | CUSIP: 842400GJ6<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    115000 | PA      | $112007.00    | 0.00%             | 2028-03-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                                           | LPL Holdings Inc                                                                 | CUSIP: 50212YAP9<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126404.94    | 0.00%             | 2030-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                                    | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    515000 | PA      | $521068.99    | 0.01%             | 2028-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE                                                     | Edgewell Personal Care Co                                                        | CUSIP: 28035QAA0<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |    225000 | PA      | $223445.35    | 0.01%             | 2028-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MEDCO MAPLE TREE PTE LTD                                                   | Medco Maple Tree Pte Ltd                                                         | CUSIP: 000000000<br>LEI: 254900T5AQZNR0THA508 | Long             | DBT              | CORP              | SG        |    250000 | PA      | $261661.17    | 0.01%             | 2029-04-27      | Fixed         | 8.96%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                               | Barclays PLC                                                                     | CUSIP: 06738EAU9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    380000 | PA      | $377771.26    | 0.01%             | 2028-01-10      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| YIELDKING INVESTMENT LTD                                                   | Yieldking Investment Ltd                                                         | CUSIP: 000000000<br>LEI: 3003008OFTD3ORZ61396 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $194746.27    | 0.00%             | 2026-08-18      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                       | Bank of America Corp                                                             | CUSIP: 06051GHZ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $990509.48    | 0.02%             | 2031-02-13      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| KFW                                                                        | Kreditanstalt fuer Wiederaufbau                                                  | CUSIP: 500769KL7<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |      5000 | PA      | $5002.41      | 0.00%             | 2027-06-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AEGON LTD                                                                  | Aegon Ltd                                                                        | CUSIP: 007924AJ2<br>LEI: O4QK7KMMK83ITNTHUG69 | Long             | DBT              | CORP              | BM        |    290000 | PA      | $290723.79    | 0.01%             | 2048-04-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CEN7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21800000 | PA      | $21349523.49  | 0.48%             | 2027-04-30      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BK/NY                                                   | National Australia Bank Ltd/New York                                             | CUSIP: 632525CJ8<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |    250000 | PA      | $250611.43    | 0.01%             | 2028-06-13      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MDB3<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $207820.16    | 0.00%             | 2028-07-13      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78017FZT3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    615000 | PA      | $614972.92    | 0.01%             | 2030-10-18      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                                         | Banco Santander SA                                                               | CUSIP: 05964HAY1<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    210000 | PA      | $223163.70    | 0.01%             | 2028-11-07      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                                                         | Rithm Capital Corp                                                               | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              |  | US        |    250000 | PA      | $255527.09    | 0.01%             | 2029-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                                    | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $134591.99    | 0.00%             | 2027-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138WJW53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     54836 | PA      | $53046.78     | 0.00%             | 2032-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KENVUE INC                                                                 | Kenvue Inc                                                                       | CUSIP: 49177JAF9<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |    390000 | PA      | $397891.98    | 0.01%             | 2028-03-22      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| AutoZone Inc                                                               | AutoZone Inc                                                                     | CUSIP: 053332AV4<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54372.02     | 0.00%             | 2027-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                                                              | Amphenol Corp                                                                    | CUSIP: 032095AN1<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    195000 | PA      | $197242.66    | 0.00%             | 2027-04-05      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                                       | Tencent Holdings Ltd                                                             | CUSIP: 88032XAG9<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | KY        |    800000 | PA      | $785241.74    | 0.02%             | 2028-01-19      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                       | Mercedes-Benz Finance North America LLC                                          | CUSIP: 233851DW1<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    215000 | PA      | $203280.32    | 0.00%             | 2029-08-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                                               | ING GROEP NV                                                                     | CUSIP: 456837BQ5<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $201652.38    | 0.00%             | 2029-03-25      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                                          | Kinder Morgan Inc                                                                | CUSIP: 49456BBB6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    320000 | PA      | $326519.28    | 0.01%             | 2030-06-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                                            | BAE Systems PLC                                                                  | CUSIP: 05523RAD9<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $381302.16    | 0.01%             | 2030-04-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                                                         | RGA Global Funding                                                               | CUSIP: 76209PAG8<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |    165000 | PA      | $168548.00    | 0.00%             | 2030-01-09      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                                               | ING Groep NV                                                                     | CUSIP: 456837BL6<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    385000 | PA      | $394190.70    | 0.01%             | 2030-03-19      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA G&E CO                                                            | Oklahoma Gas and Electric Co                                                     | CUSIP: 678858BU4<br>LEI: 549300VJ8YXGPO8EV472 | Long             | DBT              | CORP              | US        |    105000 | PA      | $99464.73     | 0.00%             | 2030-03-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| KOOKMIN BANK                                                               | Kookmin Bank                                                                     | CUSIP: 50050HAU0<br>LEI: 549300XXMOJSIW8P4769 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $201112.54    | 0.00%             | 2028-04-21      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MATTAMY GROUP CORP                                                         | Mattamy Group Corp                                                               | CUSIP: 57701RAJ1<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |    195000 | PA      | $193923.58    | 0.00%             | 2027-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OLD REPUBLIC INTL CORP                                                     | Old Republic International Corp                                                  | CUSIP: 680223AK0<br>LEI: 549300IV6O2YY2A1KH37 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89266.27     | 0.00%             | 2026-08-26      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HRT DNT / HRT DNT FIN                                                      | Heartland Dental LLC / Heartland Dental Finance Corp                             | CUSIP: 42239PAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $253165.23    | 0.01%             | 2028-04-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| MSD INVESTMENT CORP                                                        | MSD Investment Corp                                                              | CUSIP: 55354LAA7<br>LEI: 549300K4HV7AOWFSAO65 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150123.13    | 0.00%             | 2030-05-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AMCOR FINANCE USA INC                                                      | Amcor Finance USA Inc                                                            | CUSIP: 02343UAH8<br>LEI: 549300ZMT7FVT8R77U18 | Long             | DBT              | CORP              | US        |    105000 | PA      | $104806.84    | 0.00%             | 2028-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE OP CO                                                       | Public Storage Operating Co                                                      | CUSIP: 74460DAD1<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              |  | US        |    130000 | PA      | $125662.10    | 0.00%             | 2029-05-01      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                         | Roche Holdings Inc                                                               | CUSIP: 771196CJ9<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |    205000 | PA      | $208114.99    | 0.00%             | 2029-03-08      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTL GROUP                                                        | American International Group Inc                                                 | CUSIP: 026874DM6<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50417.61     | 0.00%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OFFICE PPTY INCOME TRST                                                    | Office Properties Income Trust                                                   | CUSIP: 67623CAJ8<br>LEI: N/A                  | Long             | DBT              |  | US        |    146000 | PA      | $108394.32    | 0.00%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| BPCE SA                                                                    | BPCE SA                                                                          | CUSIP: 05583JAE2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $248999.72    | 0.01%             | 2028-09-12      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MBG4<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    255000 | PA      | $254096.11    | 0.01%             | 2028-10-16      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397F81<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199518.19    | 0.00%             | 2026-11-05      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| WOORI BANK                                                                 | Woori Bank                                                                       | CUSIP: 98105GAM4<br>LEI: 549300VUVMRL6RE7R376 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $202111.54    | 0.00%             | 2028-01-26      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds                          | Republic of Poland Government International Bonds                                | CUSIP: 857524AF9<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    800000 | PA      | $816500.86    | 0.02%             | 2030-02-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CHINA CONSTRUCT BANK/HK                                                    | China Construction Bank Corp/Hong Kong                                           | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | DBT              | CORP              | CN        |    400000 | PA      | $400390.06    | 0.01%             | 2027-07-16      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                                        | Nomura Holdings Inc                                                              | CUSIP: 65535HBZ1<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $200250.57    | 0.00%             | 2030-07-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                                     | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    245000 | PA      | $250067.46    | 0.01%             | 2029-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| INTUIT INC                                                                 | Intuit Inc                                                                       | CUSIP: 46124HAC0<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | DBT              | CORP              | US        |    105000 | PA      | $99543.34     | 0.00%             | 2027-07-15      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                                                        | Quanta Services Inc                                                              | CUSIP: 74762EAK8<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30194.08     | 0.00%             | 2027-08-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AutoZone Inc                                                               | AutoZone Inc                                                                     | CUSIP: 053332AW2<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97464.13     | 0.00%             | 2029-04-18      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE HOLDINGS FINA                                                   | Blackstone Holdings Finance Co LLC                                               | CUSIP: 09261BAJ9<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |    185000 | PA      | $190337.76    | 0.00%             | 2027-11-03      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| STATE OF QATAR                                                             | Qatar Government International Bond                                              | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |    200000 | PA      | $201879.73    | 0.00%             | 2028-02-27      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INDUSTRIAL BANK OF KOREA                                                   | Industrial Bank of Korea                                                         | CUSIP: 45604HAN7<br>LEI: 988400RBIWE3YA18PK12 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $206126.36    | 0.00%             | 2028-10-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PROGRESSIVE CORP                                                           | Progressive Corp/The                                                             | CUSIP: 743315AY9<br>LEI: 529900TACNVLY9DCR586 | Long             | DBT              | CORP              | US        |    310000 | PA      | $301293.84    | 0.01%             | 2027-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                     | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160767.57    | 0.00%             | 2027-09-01      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| ORIX Corp                                                                  | ORIX Corp                                                                        | CUSIP: 686330AJ0<br>LEI: 35380016EMHNBOVYE123 | Long             | DBT              | CORP              | JP        |    110000 | PA      | $108273.69    | 0.00%             | 2027-07-18      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Unilever Capital Corp                                                      | Unilever Capital Corp                                                            | CUSIP: 904764AU1<br>LEI: MYF1DAS6G5WY7PRWCU78 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244798.39    | 0.01%             | 2026-07-28      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                                             | Fannie Mae-Aces                                                                  | CUSIP: 3136ARTE8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3086022 | PA      | $3052311.56   | 0.07%             | 2026-02-25      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                                                   | Fortescue Treasury Pty Ltd                                                       | CUSIP: 30251GBD8<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $202523.71    | 0.00%             | 2030-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EXPT-IMPT BANK MALAYSIA                                                    | Export-Import Bank of Malaysia Bhd                                               | CUSIP: 000000000<br>LEI: 549300TCFMWGLMH7ZC74 | Long             | DBT              | NUSS              | MY        |    200000 | PA      | $192995.75    | 0.00%             | 2026-11-26      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                   | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668CF7<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    205000 | PA      | $206506.94    | 0.00%             | 2027-03-22      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd                                                        | Macquarie Group Ltd                                                              | CUSIP: 55608JAK4<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |    435000 | PA      | $426249.30    | 0.01%             | 2028-11-28      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                                                   | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp               | CUSIP: 505742AP1<br>LEI: N/A                  | Long             | DBT              |  | US        |    160000 | PA      | $155335.52    | 0.00%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LAND NORDRHEIN-WESTFALEN                                                   | State of North Rhine-Westphalia Germany                                          | CUSIP: 000000000<br>LEI: 529900VWPV1LPOHGJ702 | Long             | DBT              | NUSS              | DE        |    800000 | PA      | $802262.98    | 0.02%             | 2027-02-16      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                     | Verizon Communications Inc                                                       | CUSIP: 92343VFF6<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    194000 | PA      | $189826.34    | 0.00%             | 2027-03-22      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BNG BANK NV                                                                | BNG Bank NV                                                                      | CUSIP: 05591F2Y5<br>LEI: 529900GGYMNGRQTDOO93 | Long             | DBT              | NUSS              | NL        |    750000 | PA      | $771040.53    | 0.02%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AXALTA COAT/DUTCH HLD BV                                                   | Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV           | CUSIP: 05454NAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    150000 | PA      | $148693.56    | 0.00%             | 2027-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALASKA AIRLINES 2020 TR                                                    | Alaska Airlines 2020-1 Class A Pass Through Trust                                | CUSIP: 01166VAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210357 | PA      | $209756.14    | 0.00%             | 2027-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| TYCO ELECTRONICS GROUP S                                                   | Tyco Electronics Group SA                                                        | CUSIP: 902133BA4<br>LEI: C33G1C5SYE2YM95EE712 | Long             | DBT              | CORP              | LU        |    115000 | PA      | $115792.96    | 0.00%             | 2030-02-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Commercial Mortgage Trust                                    | DBJPM 2017-C6 Mortgage Trust                                                     | CUSIP: 23312JAH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $956743.83    | 0.02%             | 2050-06-10      | Variable      | 3.56%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                                           | Altria Group Inc                                                                 | CUSIP: 02209SBJ1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    240000 | PA      | $227013.55    | 0.01%             | 2030-05-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| DELUXE CORP                                                                | Deluxe Corp                                                                      | CUSIP: 248019AU5<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |    140000 | PA      | $134386.96    | 0.00%             | 2029-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                     | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822CC6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    375000 | PA      | $363193.08    | 0.01%             | 2028-01-19      | Fixed         | 2.34%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 17-1 AA PTT                                                   | American Airlines 2017-1 Class AA Pass Through Trust                             | CUSIP: 023761AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    104550 | PA      | $100431.65    | 0.00%             | 2029-02-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| ADVOCATE HEALTH CORP                                                       | Advocate Health & Hospitals Corp                                                 | CUSIP: 007589AD6<br>LEI: 549300AEHU3PPOUCIL87 | Long             | DBT              | CORP              | US        |     80000 | PA      | $72391.13     | 0.00%             | 2030-06-15      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAPITAL SA                                                   | TotalEnergies Capital SA                                                         | CUSIP: 89152UAH5<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |    320000 | PA      | $317149.63    | 0.01%             | 2028-10-11      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                      | Toronto-Dominion Bank/The                                                        | CUSIP: 891160MJ9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    230000 | PA      | $226883.08    | 0.01%             | 2031-09-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                     | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406FAE3<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29439.86     | 0.00%             | 2026-08-17      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    935000 | PA      | $927310.84    | 0.02%             | 2027-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                                     | Asian Development Bank                                                           | CUSIP: 045167FF5<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    175000 | PA      | $162468.33    | 0.00%             | 2028-06-09      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK                                                   | Huntington National Bank/The                                                     | CUSIP: 44644MAK7<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251148.37    | 0.01%             | 2028-04-12      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| TSMC GLOBAL LTD                                                            | TSMC Global Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300N2ZLI21P85T117 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $186347.91    | 0.00%             | 2028-04-23      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                                      | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $217394.26    | 0.00%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| TOPBUILD CORP                                                              | TopBuild Corp                                                                    | CUSIP: 89055FAB9<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |    125000 | PA      | $117913.74    | 0.00%             | 2029-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                                                     | Commonwealth Bank of Australia                                                   | CUSIP: 2027A0KK4<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |    315000 | PA      | $306677.10    | 0.01%             | 2027-03-14      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| BONOS BANCO CENT ARGENT                                                    | Bonos Para La Reconstruccion De Una Argentina Libre                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |    380000 | PA      | $359211.20    | 0.01%             | 2027-10-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UDR Inc                                                                    | UDR Inc                                                                          | CUSIP: 90265EAL4<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |     20000 | PA      | $19646.37     | 0.00%             | 2026-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 31307STN3<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    206504 | PA      | $197526.66    | 0.00%             | 2031-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| EL PUERTO DE LIVERPOOL                                                     | El Puerto de Liverpool SAB de CV                                                 | CUSIP: 000000000<br>LEI: 4469000001BO4JEXZL32 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $197646.02    | 0.00%             | 2026-10-06      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GENERAL DYNAMICS CORP                                                      | General Dynamics Corp                                                            | CUSIP: 369550BM9<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |    300000 | PA      | $291305.75    | 0.01%             | 2030-04-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MAR1<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    680000 | PA      | $668227.38    | 0.02%             | 2027-07-12      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| ONTARIO (PROVINCE OF)                                                      | Province of Ontario Canada                                                       | CUSIP: 68323AFG4<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |    405000 | PA      | $372792.55    | 0.01%             | 2029-10-02      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                      | Tenet Healthcare Corp                                                            | CUSIP: 88033GDS6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    430000 | PA      | $430229.68    | 0.01%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Bank of America Credit Card Trust                                          | BA Credit Card Trust                                                             | CUSIP: 05522RDJ4<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |   1450000 | PA      | $1467548.10   | 0.03%             | 2029-05-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds                    | Republic of South Africa Government International Bonds                          | CUSIP: 836205AY0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    400000 | PA      | $397702.38    | 0.01%             | 2030-06-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Radiate Holdco LLC                                                         | Radiate Holdco LLC 2025 FLFO Term Loan                                           | CUSIP: 000000000<br>LEI: 5493000GQJ5RDX9DNJ71 | Long             | LON              | CORP              | US        |    287997 | PA      | $249188.99    | 0.01%             | 2029-09-25      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138YUH79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     71972 | PA      | $70045.28     | 0.00%             | 2030-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                                         | Advance Auto Parts Inc                                                           | CUSIP: 00751YAF3<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    100000 | PA      | $92087.59     | 0.00%             | 2027-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EVP1<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18668.03     | 0.00%             | 2028-03-06      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138EHRM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1281 | PA      | $1268.07      | 0.00%             | 2027-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                                                          | International Finance Corp                                                       | CUSIP: 45950KDK3<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |    105000 | PA      | $106432.99    | 0.00%             | 2028-01-21      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                     | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406RBT3<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    265000 | PA      | $279790.41    | 0.01%             | 2029-10-25      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                              | Citigroup Inc                                                                    | CUSIP: 172967MP3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1136655.50   | 0.03%             | 2031-03-31      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ADF1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    180000 | PA      | $178528.03    | 0.00%             | 2027-09-24      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                                        | Nomura Holdings Inc                                                              | CUSIP: 65535HBR9<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    160000 | PA      | $162986.50    | 0.00%             | 2027-07-02      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EVD8<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    175000 | PA      | $161710.08    | 0.00%             | 2030-01-09      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| PSEG POWER LLC                                                             | PSEG Power LLC                                                                   | CUSIP: 69362BBD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $245151.92    | 0.01%             | 2030-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                                                    | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92841HAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    160000 | PA      | $164392.40    | 0.00%             | 2028-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: —       |
| CELANESE US HOLDINGS LLC                                                   | Celanese US Holdings LLC                                                         | CUSIP: 15089QAW4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    385000 | PA      | $401040.25    | 0.01%             | 2028-11-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| SHARJAH SUKUK PROGRAM                                                      | Sharjah Sukuk Program Ltd                                                        | CUSIP: 000000000<br>LEI: 549300N3BQ9P6RRMVV02 | Long             | DBT              | NUSS              | KY        |    200000 | PA      | $191123.21    | 0.00%             | 2030-04-04      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                    | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GA46<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    710000 | PA      | $750379.62    | 0.02%             | 2029-10-24      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| Precision Drilling Corp                                                    | Precision Drilling Corp                                                          | CUSIP: 740212AL9<br>LEI: 549300WF2OE8T5BP4B84 | Long             | DBT              | CORP              | CA        |     35000 | PA      | $35000.11     | 0.00%             | 2026-01-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                     | Philip Morris International Inc                                                  | CUSIP: 718172DF3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    270000 | PA      | $271578.52    | 0.01%             | 2027-02-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                        | Elevance Health Inc                                                              | CUSIP: 036752AY9<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    190000 | PA      | $193850.58    | 0.00%             | 2029-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                        | American Express Co                                                              | CUSIP: 025816EF2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    465000 | PA      | $473023.56    | 0.01%             | 2031-04-25      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                                           | Hewlett Packard Enterprise Co                                                    | CUSIP: 42824CBS7<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    335000 | PA      | $334981.54    | 0.01%             | 2027-09-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                                                    | Jefferies Financial Group Inc                                                    | CUSIP: 47233JAG3<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    230000 | PA      | $231058.77    | 0.01%             | 2027-01-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| AKER BP ASA                                                                | Aker BP ASA                                                                      | CUSIP: 00973RAF0<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    250000 | PA      | $237884.09    | 0.01%             | 2030-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Realty Income Corp                                                         | Realty Income Corp                                                               | CUSIP: 756109AS3<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    245000 | PA      | $240300.75    | 0.01%             | 2027-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                                                | Swedbank AB                                                                      | CUSIP: 87020PAP2<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |    410000 | PA      | $395870.40    | 0.01%             | 2026-11-16      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL                                                   | Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl              | CUSIP: 42329HAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $204082.48    | 0.00%             | 2029-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ARCELIK AS                                                                 | Arcelik AS                                                                       | CUSIP: 000000000<br>LEI: 789000748KTQCUMJ0R25 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $208087.20    | 0.00%             | 2028-09-25      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                     | Extra Space Storage LP                                                           | CUSIP: 30225VAJ6<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |    160000 | PA      | $164463.30    | 0.00%             | 2028-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co                                                              | DTE Energy Co                                                                    | CUSIP: 233331AY3<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68697.93     | 0.00%             | 2026-10-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| APOLLO DEBT SOLUTIONS BD                                                   | Apollo Debt Solutions BDC                                                        | CUSIP: 03770DAG8<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75095.62     | 0.00%             | 2030-08-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BANK OF CHINA/SYDNEY                                                       | Bank of China Ltd/Sydney                                                         | CUSIP: 000000000<br>LEI: 25490064D4J0UOZ7XS89 | Long             | DBT              | CORP              | CN        |    400000 | PA      | $399941.01    | 0.01%             | 2027-06-14      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| JPN BANK FOR INT'L COOP                                                    | Japan Bank for International Cooperation                                         | CUSIP: 471048BE7<br>LEI: 549300TJ3QFYVCTSCJ29 | Long             | DBT              | NUSS              | JP        |    245000 | PA      | $239408.00    | 0.01%             | 2027-06-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI CORP                                                            | Mitsubishi Corp                                                                  | CUSIP: 606769AH0<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $406532.32    | 0.01%             | 2028-07-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                             | Morgan Stanley Capital I Trust 2020-L4                                           | CUSIP: 61770KAW5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $457575.43    | 0.01%             | 2053-02-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| FORVIA SE                                                                  | Forvia SE                                                                        | CUSIP: 31209DAA3<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $208637.84    | 0.00%             | 2030-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                                      | GFL Environmental Inc                                                            | CUSIP: 36168QAM6<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $240706.99    | 0.01%             | 2028-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                                                       | Range Resources Corp                                                             | CUSIP: 75281ABJ7<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205286.11    | 0.00%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                                               | Entegris Inc                                                                     | CUSIP: 29362UAD6<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    120000 | PA      | $112556.66    | 0.00%             | 2029-05-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                                                      | Becton Dickinson & Co                                                            | CUSIP: 075887CU1<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    240000 | PA      | $244400.50    | 0.01%             | 2029-06-07      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                     | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822CS1<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    365000 | PA      | $372886.92    | 0.01%             | 2029-02-22      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MCG3<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    655000 | PA      | $606133.71    | 0.01%             | 2028-09-17      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                                     | Daimler Truck Finance North America LLC                                          | CUSIP: 233853AF7<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    455000 | PA      | $439792.32    | 0.01%             | 2026-12-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                         | Ally Financial Inc                                                               | CUSIP: 02005NBT6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    315000 | PA      | $331119.05    | 0.01%             | 2029-06-13      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                                                                  | TEGNA Inc                                                                        | CUSIP: 87901JAJ4<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |    270000 | PA      | $263864.52    | 0.01%             | 2028-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ZI TECH LLC/ZI FIN CORP                                                    | ZoomInfo Technologies LLC/ZoomInfo Finance Corp                                  | CUSIP: 98981BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $188015.14    | 0.00%             | 2029-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Entergy Louisiana LLC                                                      | Entergy Louisiana LLC                                                            | CUSIP: 29364WAZ1<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    160000 | PA      | $156198.81    | 0.00%             | 2027-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| VIBRANTZ TECH INC                                                          | Vibrantz Technologies Inc                                                        | CUSIP: 69357VAA3<br>LEI: 549300GYZ1T3S8OPH343 | Long             | DBT              | CORP              | US        |    230000 | PA      | $147337.66    | 0.00%             | 2030-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| CCO HLDGS LLC/CAP CORP                                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $736262.67    | 0.02%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GPS HOSPITALITY HOLDING                                                    | GPS Hospitality Holding Co LLC / GPS Finco Inc                                   | CUSIP: 36262BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $81505.42     | 0.00%             | 2028-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MAVIS TIRE EXPRESS SERVI                                                   | Mavis Tire Express Services Topco Corp                                           | CUSIP: 59155LAA0<br>LEI: 254900NVDM4GTLBL9E56 | Long             | DBT              | CORP              | US        |    220000 | PA      | $217446.22    | 0.00%             | 2029-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ACX3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201722.21    | 0.00%             | 2027-03-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                           | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137HBPD0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1726000 | PA      | $1779749.99   | 0.04%             | 2029-01-25      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FIRST AMERICAN FINANCIAL                                                   | First American Financial Corp                                                    | CUSIP: 31847RAG7<br>LEI: 549300B6VEZK3N0A1P55 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95192.47     | 0.00%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HERCULES CAPITAL INC                                                       | Hercules Capital Inc                                                             | CUSIP: 427096AN2<br>LEI: 549300UJ5OC256GR2B73 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100013.58    | 0.00%             | 2030-06-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REINSURANCE GRP OF AMER                                                    | Reinsurance Group of America Inc                                                 | CUSIP: 759351AN9<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    265000 | PA      | $260280.30    | 0.01%             | 2029-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MDS6<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    250000 | PA      | $256425.04    | 0.01%             | 2030-04-15      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| DYCOM INDUSTRIES INC                                                       | Dycom Industries Inc                                                             | CUSIP: 267475AD3<br>LEI: 549300F56EKTHQI3WT60 | Long             | DBT              | CORP              | US        |    152000 | PA      | $147315.52    | 0.00%             | 2029-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SWEDISH EXPORT CREDIT                                                      | Svensk Exportkredit AB                                                           | CUSIP: 87031CAM5<br>LEI: 1FOLRR5RWTWWI397R131 | Long             | DBT              | NUSS              | SE        |    400000 | PA      | $402846.37    | 0.01%             | 2026-09-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AIR CANADA 2020-1C PTT                                                     | Air Canada 2020-1 Class C Pass Through Trust                                     | CUSIP: 008911BD0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     90000 | PA      | $94133.53     | 0.00%             | 2026-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| BNG BANK NV                                                                | BNG Bank NV                                                                      | CUSIP: 05591F2X7<br>LEI: 529900GGYMNGRQTDOO93 | Long             | DBT              | NUSS              | NL        |    700000 | PA      | $695397.50    | 0.02%             | 2026-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                                     | BP Capital Markets America Inc                                                   | CUSIP: 10373QBY5<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    375000 | PA      | $380564.27    | 0.01%             | 2027-11-17      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                                        | Charles Schwab Corp/The                                                          | CUSIP: 808513BX2<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |     55000 | PA      | $51608.53     | 0.00%             | 2029-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                 | AbbVie Inc                                                                       | CUSIP: 00287YBV0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1202000 | PA      | $1180959.19   | 0.03%             | 2026-11-21      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| SIEMENS FUNDING BV                                                         | Siemens Funding BV                                                               | CUSIP: 82622RAA4<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $200562.78    | 0.00%             | 2028-05-26      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                                                         | Osaic Holdings Inc                                                               | CUSIP: 00791GAA5<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100000.00    | 0.00%             | 2027-08-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: —       |
| INTL BK RECON & DEVELOP                                                    | International Bank for Reconstruction & Development                              | CUSIP: 459058KQ5<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   1505000 | PA      | $1499295.10   | 0.03%             | 2030-02-14      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                                     | Blackstone Private Credit Fund                                                   | CUSIP: 09261HAK3<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    340000 | PA      | $330747.93    | 0.01%             | 2027-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                                                        | Bangkok Bank PCL/Hong Kong                                                       | CUSIP: 000000000<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |    200000 | PA      | $203422.79    | 0.00%             | 2028-09-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| TWILIO INC                                                                 | Twilio Inc                                                                       | CUSIP: 90138FAC6<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |    150000 | PA      | $141973.83    | 0.00%             | 2029-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| COUNCIL OF EUROPE                                                          | Council Of Europe Development Bank                                               | CUSIP: 222213BB5<br>LEI: 549300UYNXMI821WYG82 | Long             | DBT              | NUSS              | XX        |      5000 | PA      | $4962.74      | 0.00%             | 2028-01-26      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TKQ7<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    395000 | PA      | $398226.76    | 0.01%             | 2028-01-12      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SLM CORP                                                                   | SLM Corp                                                                         | CUSIP: 78442PGE0<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | DBT              | CORP              | US        |    175000 | PA      | $170804.49    | 0.00%             | 2026-11-02      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                       | Bank of America Corp                                                             | CUSIP: 06051GJB6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    925000 | PA      | $845571.55    | 0.02%             | 2031-04-29      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XDV5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    325000 | PA      | $319123.52    | 0.01%             | 2029-04-06      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                      | Athene Global Funding                                                            | CUSIP: 04685A3G4<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    110000 | PA      | $102573.14    | 0.00%             | 2029-01-07      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corp                                                        | Kimberly-Clark Corp                                                              | CUSIP: 494368BY8<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148978.87    | 0.00%             | 2028-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                                        | Avantor Funding Inc                                                              | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    460000 | PA      | $449692.99    | 0.01%             | 2028-07-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                                        | Buckeye Partners LP                                                              | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    180000 | PA      | $185122.58    | 0.00%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                     | Venture Global LNG Inc                                                           | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    697000 | PA      | $721097.83    | 0.02%             | 2028-06-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| CARGILL INC                                                                | Cargill Inc                                                                      | CUSIP: 141781CE2<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100839.77    | 0.00%             | 2028-02-11      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| NATWEST GROUP PLC                                                          | NatWest Group PLC                                                                | CUSIP: 639057AV0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $406057.90    | 0.01%             | 2031-05-23      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| KFW                                                                        | Kreditanstalt fuer Wiederaufbau                                                  | CUSIP: 500769JZ8<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |   1478000 | PA      | $1484086.97   | 0.03%             | 2026-08-07      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CPPIB CAPITAL INC                                                          | CPPIB Capital Inc                                                                | CUSIP: 22411VAZ1<br>LEI: 549300KW9NB55HTDK075 | Long             | DBT              | NUSS              | CA        |   2035000 | PA      | $2049620.27   | 0.05%             | 2028-07-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                     | Canadian Imperial Bank of Commerce                                               | CUSIP: 13608JAA5<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    315000 | PA      | $323092.80    | 0.01%             | 2029-04-08      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| ALLWYN ENTERTAINMENT FIN                                                   | Allwyn Entertainment Financing UK PLC                                            | CUSIP: 000000000<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $207800.45    | 0.00%             | 2029-04-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                      | Toronto-Dominion Bank/The                                                        | CUSIP: 89115A2M3<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    410000 | PA      | $417075.17    | 0.01%             | 2028-01-10      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| WESTPAC NEW ZEALAND LTD                                                    | Westpac New Zealand Ltd                                                          | CUSIP: 96122FAC1<br>LEI: 549300MW73M5PK1PNG73 | Long             | DBT              | CORP              | NZ        |    200000 | PA      | $204192.59    | 0.00%             | 2029-02-28      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ERP Operating LP                                                           | ERP Operating LP                                                                 | CUSIP: 26884ABK8<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              |  | US        |    195000 | PA      | $194015.02    | 0.00%             | 2028-12-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                                           | NTT Finance Corp                                                                 | CUSIP: 62954WAL9<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $202125.72    | 0.00%             | 2027-07-02      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                               | Centene Corp                                                                     | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    760000 | PA      | $737288.61    | 0.02%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                                 | goeasy Ltd                                                                       | CUSIP: 380355AM9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    115000 | PA      | $115512.51    | 0.00%             | 2030-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                                     | EquipmentShare.com Inc                                                           | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    350000 | PA      | $368994.08    | 0.01%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| EQUITABLE HOLDINGS INC                                                     | Equitable Holdings Inc                                                           | CUSIP: 054561AJ4<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |    500000 | PA      | $497861.31    | 0.01%             | 2028-04-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                                                     | CenterPoint Energy Inc                                                           | CUSIP: 15189TBP1<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152018.01    | 0.00%             | 2055-05-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| KYRGYZ REP INTL BOND                                                       | Kyrgyz Republic International Bond                                               | CUSIP: 50158LAA6<br>LEI: N/A                  | Long             | DBT              | NUSS              | KG        |    200000 | PA      | $200654.77    | 0.00%             | 2030-06-03      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MCR9<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    710000 | PA      | $728830.51    | 0.02%             | 2028-01-13      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                             | Morgan Stanley                                                                   | CUSIP: 6174468L6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $967571.00    | 0.02%             | 2031-01-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Merck & Co Inc                                                             | Merck & Co Inc                                                                   | CUSIP: 58933YAX3<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    500000 | PA      | $485505.46    | 0.01%             | 2029-03-07      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| ONTARIO (PROVINCE OF)                                                      | Province of Ontario Canada                                                       | CUSIP: 683234DQ8<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |    910000 | PA      | $914385.22    | 0.02%             | 2029-01-18      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                                                   | Microchip Technology Inc                                                         | CUSIP: 595017BK9<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |    255000 | PA      | $256913.76    | 0.01%             | 2028-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78016HZT0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    280000 | PA      | $282138.73    | 0.01%             | 2027-01-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| JPN BANK FOR INT'L COOP                                                    | Japan Bank for International Cooperation                                         | CUSIP: 471048DB1<br>LEI: 549300TJ3QFYVCTSCJ29 | Long             | DBT              | NUSS              | JP        |    500000 | PA      | $504305.46    | 0.01%             | 2027-07-22      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS                                                     | Axalta Coating Systems LLC                                                       | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |    245000 | PA      | $229521.31    | 0.01%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BEACON MOBILITY CORP                                                       | Beacon Mobility Corp                                                             | CUSIP: 073644AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $101883.58    | 0.00%             | 2030-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                           | T-Mobile USA Inc                                                                 | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1214000 | PA      | $1199874.55   | 0.03%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| OMEGA HLTHCARE INVESTORS                                                   | Omega Healthcare Investors Inc                                                   | CUSIP: 681936BK5<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |    210000 | PA      | $210653.86    | 0.00%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                                                         | Vodafone Group PLC                                                               | CUSIP: 92857TAH0<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $170237.86    | 0.00%             | 2030-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                                                    | American National Group Inc                                                      | CUSIP: 025676AN7<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |    190000 | PA      | $193816.75    | 0.00%             | 2029-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                               | Barclays PLC                                                                     | CUSIP: 06738EAW5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    550000 | PA      | $551205.92    | 0.01%             | 2028-05-09      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| HERSHEY COMPANY                                                            | Hershey Co/The                                                                   | CUSIP: 427866BL1<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | DBT              | CORP              | US        |    165000 | PA      | $167388.27    | 0.00%             | 2030-02-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                                    | Dell International LLC / EMC Corp                                                | CUSIP: 24703TAE6<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    570000 | PA      | $571814.17    | 0.01%             | 2026-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AIR CANADA                                                                 | Air Canada                                                                       | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |    356000 | PA      | $352428.50    | 0.01%             | 2026-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ESSENTIAL UTILITIES INC                                                    | Essential Utilities Inc                                                          | CUSIP: 29670GAJ1<br>LEI: 549300ILTEOF3E3QY357 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125869.93    | 0.00%             | 2027-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SUNCOKE ENERGY INC                                                         | SunCoke Energy Inc                                                               | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |    150000 | PA      | $137105.70    | 0.00%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                      | Wells Fargo & Co                                                                 | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    760000 | PA      | $763898.79    | 0.02%             | 2028-01-24      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                                                    | Public Service Electric and Gas Co                                               | CUSIP: 74456QBY1<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96180.27     | 0.00%             | 2029-05-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| SAN MIGUEL GLOBAL POWER                                                    | San Miguel Global Power Holdings Corp                                            | CUSIP: 000000000<br>LEI: 549300HBCE80QXKII590 | Long             | DBT              | CORP              | PH        |    200000 | PA      | $196060.50    | 0.00%             | 2029-12-02      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| AMDOCS LTD                                                                 | Amdocs Ltd                                                                       | CUSIP: 02342TAE9<br>LEI: 549300HQV672RJ7RQV66 | Long             | DBT              | CORP              | GG        |    200000 | PA      | $180511.80    | 0.00%             | 2030-06-15      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                     | Standard Chartered PLC                                                           | CUSIP: 853254CS7<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    585000 | PA      | $606555.76    | 0.01%             | 2029-01-09      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| NUFARM AUSTRALIA/AMERICA                                                   | Nufarm Australia Ltd / Nufarm Americas Inc                                       | CUSIP: 67052NAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    100000 | PA      | $92636.99     | 0.00%             | 2030-01-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kilroy Realty LP                                                           | Kilroy Realty LP                                                                 | CUSIP: 49427RAK8<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              |  | US        |    140000 | PA      | $135082.21    | 0.00%             | 2029-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OWENS CORNING                                                              | Owens Corning                                                                    | CUSIP: 690742AK7<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96425.88     | 0.00%             | 2030-06-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| TOYOTA MOTOR CORP                                                          | Toyota Motor Corp                                                                | CUSIP: 892331AG4<br>LEI: 5493006W3QUS5LMH6R84 | Long             | DBT              | CORP              | JP        |    155000 | PA      | $146405.44    | 0.00%             | 2029-07-02      | Fixed         | 2.76%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                                                     | UnitedHealth Group Inc                                                           | CUSIP: 91324PCY6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    185000 | PA      | $181944.32    | 0.00%             | 2027-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| NAN FUNG TREASURY LTD                                                      | Nan Fung Treasury Ltd                                                            | CUSIP: 000000000<br>LEI: 254900S3BMA32ATT9Q05 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $194359.97    | 0.00%             | 2027-10-03      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                                          | Clean Harbors Inc                                                                | CUSIP: 184496AN7<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198336.65    | 0.00%             | 2027-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                                         | Banco Santander SA                                                               | CUSIP: 05964HAX3<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $204604.70    | 0.00%             | 2027-11-07      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| KIMBERLY-CLARK CORP                                                        | Kimberly-Clark Corp                                                              | CUSIP: 494368CC5<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | DBT              | CORP              | US        |    220000 | PA      | $206822.81    | 0.00%             | 2027-09-15      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| RENAISSANCERE HOLDINGS L                                                   | RenaissanceRe Holdings Ltd                                                       | CUSIP: 75968NAD3<br>LEI: EK6GB9U3U58PDI411C94 | Long             | DBT              | CORP              | BM        |    115000 | PA      | $110946.33    | 0.00%             | 2029-04-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| INTL DEVELOPMENT ASSOC                                                     | International Development Association                                            | CUSIP: 45939E2A7<br>LEI: P41R60HC414IWQA1XW02 | Long             | DBT              | NUSS              | XX        |    870000 | PA      | $893275.69    | 0.02%             | 2028-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                                               | ING Groep NV                                                                     | CUSIP: 456837AM5<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    355000 | PA      | $355681.61    | 0.01%             | 2028-10-02      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS/CANADA WON                                                       | Six Flags Entertainment Corp / Canada's Wonderland Co / Magnum Management Corp   | CUSIP: 150190AK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50454.65     | 0.00%             | 2028-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                           | Societe Generale SA                                                              | CUSIP: 83368RBH4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    425000 | PA      | $412883.64    | 0.01%             | 2028-01-19      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                                                   | Healthcare Realty Holdings LP                                                    | CUSIP: 42225UAF1<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              |  | US        |     64000 | PA      | $62983.25     | 0.00%             | 2027-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                                   | Olympus Water US Holding Corp                                                    | CUSIP: 681639AB6<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    120000 | PA      | $114834.43    | 0.00%             | 2029-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                                             | Mastercard Inc                                                                   | CUSIP: 57636QAW4<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    370000 | PA      | $377239.26    | 0.01%             | 2028-03-09      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BOCOM LEASING MGMT                                                         | Bocom Leasing Management Hong Kong Co Ltd                                        | CUSIP: 000000000<br>LEI: 549300VK5E35PN5ZZX74 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $199797.46    | 0.00%             | 2027-06-26      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA                                                   | Cooperatieve Rabobank UA                                                         | CUSIP: 74977RDL5<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    380000 | PA      | $366857.07    | 0.01%             | 2027-12-15      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC                                                          | CBRE Services Inc                                                                | CUSIP: 12505BAH3<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103044.73    | 0.00%             | 2029-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WILLIS NORTH AMERICA INC                                                   | Willis North America Inc                                                         | CUSIP: 970648AL5<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |    417000 | PA      | $418751.10    | 0.01%             | 2027-06-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                                               | ING Groep NV                                                                     | CUSIP: 456837AQ6<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    450000 | PA      | $443171.03    | 0.01%             | 2029-04-09      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                                          | Brown & Brown Inc                                                                | CUSIP: 115236AK7<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    230000 | PA      | $230818.48    | 0.01%             | 2030-06-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP                                                        | Meritage Homes Corp                                                              | CUSIP: 59001ABD3<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |    120000 | PA      | $115891.94    | 0.00%             | 2029-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CN HUANENG GP HK TREASUR                                                   | China Huaneng Group Hong Kong Treasury Management Holding Ltd                    | CUSIP: 000000000<br>LEI: 254900S9905REJFRBF91 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $202627.86    | 0.00%             | 2027-07-05      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING                                                    | DCP Midstream Operating LP                                                       | CUSIP: 23311VAH0<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    165000 | PA      | $167228.26    | 0.00%             | 2029-05-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ENTERGY CORP                                                               | Entergy Corp                                                                     | CUSIP: 29364GAL7<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    150000 | PA      | $138109.53    | 0.00%             | 2030-06-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| LXP INDUSTRIAL TRUST                                                       | LXP Industrial Trust                                                             | CUSIP: 529043AF8<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              |  | US        |     65000 | PA      | $68619.89     | 0.00%             | 2028-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                                                           | Boyd Gaming Corp                                                                 | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    305000 | PA      | $302447.98    | 0.01%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                         | Credit Agricole SA                                                               | CUSIP: 22534PAB9<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    375000 | PA      | $362357.25    | 0.01%             | 2027-01-11      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                                   | Enterprise Products Operating LLC                                                | CUSIP: 29379VCE1<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    155000 | PA      | $155541.42    | 0.00%             | 2027-01-11      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CLH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10235000 | PA      | $10189822.10  | 0.23%             | 2026-08-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                               | Comcast Corp                                                                     | CUSIP: 20030NDG3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    500000 | PA      | $477749.30    | 0.01%             | 2030-04-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                        | Toyota Auto Receivables 2025-C Owner Trust                                       | CUSIP: 89238VAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    650000 | PA      | $648415.31    | 0.01%             | 2030-03-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                                                               | WP Carey Inc                                                                     | CUSIP: 92936UAN9<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |     65000 | PA      | $64576.28     | 0.00%             | 2030-07-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                                                    | Procter & Gamble Co/The                                                          | CUSIP: 742718GM5<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    225000 | PA      | $223583.22    | 0.01%             | 2030-05-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132CWM68<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2830791 | PA      | $2714084.36   | 0.06%             | 2032-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                                       | Las Vegas Sands Corp                                                             | CUSIP: 517834AN7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66897.02     | 0.00%             | 2030-06-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC                                                          | General Mills Inc                                                                | CUSIP: 370334CX0<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150494.07    | 0.00%             | 2027-01-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| HERSHEY COMPANY                                                            | Hershey Co/The                                                                   | CUSIP: 427866AX6<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29384.98     | 0.00%             | 2026-08-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                                                     | Harvest Midstream I LP                                                           | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    260000 | PA      | $263063.91    | 0.01%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                       | Mercedes-Benz Finance North America LLC                                          | CUSIP: 58769JAZ0<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176423.34    | 0.00%             | 2027-11-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| F&G ANNUITIES & LIFE INC                                                   | F&G Annuities & Life Inc                                                         | CUSIP: 30190AAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $193617.12    | 0.00%             | 2028-01-13      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| KORN/FERRY INTERNATIONAL                                                   | Korn Ferry                                                                       | CUSIP: 50067PAA7<br>LEI: 549300FOD20OM0GT5G40 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122967.23    | 0.00%             | 2027-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                        | Synchrony Financial                                                              | CUSIP: 87165BAP8<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    195000 | PA      | $195680.37    | 0.00%             | 2029-03-19      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                 | AbbVie Inc                                                                       | CUSIP: 00287YDY2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    375000 | PA      | $378351.01    | 0.01%             | 2028-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| NORDIC INVESTMENT BANK                                                     | Nordic Investment Bank                                                           | CUSIP: 65562QBW4<br>LEI: 213800HYL1S7VAXG6Z48 | Long             | DBT              | NUSS              | XX        |   1040000 | PA      | $1051544.63   | 0.02%             | 2028-03-14      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| QNB FINANCE LTD                                                            | QNB Finance Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300MY0DXTHQEX5O57 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $194448.13    | 0.00%             | 2027-02-12      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| INTERSTATE POWER & LIGHT                                                   | Interstate Power and Light Co                                                    | CUSIP: 461070AP9<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |    255000 | PA      | $252250.43    | 0.01%             | 2028-09-26      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                             | Gray Media Inc                                                                   | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    375000 | PA      | $405828.84    | 0.01%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| TKC HOLDINGS INC                                                           | TKC Holdings Inc                                                                 | CUSIP: 87256YAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $154990.53    | 0.00%             | 2028-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE OP CO                                                       | Public Storage Operating Co                                                      | CUSIP: 74464AAC5<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              |  | US        |    150000 | PA      | $149087.17    | 0.00%             | 2030-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                    | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GWL4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    700000 | PA      | $689494.33    | 0.02%             | 2028-06-05      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| MEGLOBAL BV                                                                | MEGlobal BV                                                                      | CUSIP: 000000000<br>LEI: 549300WBVLU2FILR7W19 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $189105.02    | 0.00%             | 2028-04-28      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                                                     | Brazilian Government International Bond                                          | CUSIP: 105756AE0<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    200000 | PA      | $219205.58    | 0.00%             | 2027-05-15      | Fixed         | 10.13%                | No            |                  2 | On Loan: No      |
| AUTOZONE INC                                                               | AutoZone Inc                                                                     | CUSIP: 053332BG6<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    170000 | PA      | $179274.93    | 0.00%             | 2028-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                               | Synopsys Inc                                                                     | CUSIP: 871607AB3<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    260000 | PA      | $261800.87    | 0.01%             | 2028-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                                                     | Mondelez International Inc                                                       | CUSIP: 609207BG9<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174197.43    | 0.00%             | 2030-05-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                                                            | DTE Electric Co                                                                  | CUSIP: 23338VAK2<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    150000 | PA      | $136514.83    | 0.00%             | 2030-03-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                                            | AdaptHealth LLC                                                                  | CUSIP: 00653VAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $164510.22    | 0.00%             | 2030-03-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                               | Ecopetrol SA                                                                     | CUSIP: 279158AN9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    600000 | PA      | $600273.47    | 0.01%             | 2030-04-29      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                                          | Lithia Motors Inc                                                                | CUSIP: 536797AE3<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147767.89    | 0.00%             | 2027-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| PM GENERAL PURCHASER LLC                                                   | PM General Purchaser LLC                                                         | CUSIP: 69356MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $155461.85    | 0.00%             | 2028-10-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| TURKIYE GARANTI BANKASI                                                    | Turkiye Garanti Bankasi AS                                                       | CUSIP: 000000000<br>LEI: 5493002XSS7K7RHN1V37 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $205078.99    | 0.00%             | 2034-02-28      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| KYOBO LIFE INSURANCE CO                                                    | Kyobo Life Insurance Co Ltd                                                      | CUSIP: 000000000<br>LEI: 988400Y298KYBHWRBS28 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $201974.24    | 0.00%             | 2052-06-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                          | State Street Corp                                                                | CUSIP: 857477BF9<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    165000 | PA      | $152459.96    | 0.00%             | 2034-11-01      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds                                   | Indonesia Government International Bonds                                         | CUSIP: 455780DQ6<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    400000 | PA      | $402598.30    | 0.01%             | 2028-01-11      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                   | Vistra Operations Co LLC                                                         | CUSIP: 92840VAE2<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118109.59    | 0.00%             | 2029-07-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| LANDWIRTSCH. RENTENBANK                                                    | Landwirtschaftliche Rentenbank                                                   | CUSIP: 515110CC6<br>LEI: 529900Z3J0N6S0F7CT25 | Long             | DBT              | CORP              | DE        |    167000 | PA      | $166596.57    | 0.00%             | 2027-09-28      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 17-2 AA PTT                                                   | American Airlines 2017-2 Class AA Pass Through Trust                             | CUSIP: 02376AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    127335 | PA      | $120748.81    | 0.00%             | 2029-10-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE LLC                                                       | Bayer US Finance LLC                                                             | CUSIP: 07274EAH6<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |    220000 | PA      | $223369.27    | 0.01%             | 2026-11-21      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| SCRIPPS ESCROW II INC                                                      | Scripps Escrow II Inc                                                            | CUSIP: 81105DAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $142066.36    | 0.00%             | 2029-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| CUBESMART LP                                                               | CubeSmart LP                                                                     | CUSIP: 22966RAF3<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              |  | US        |     10000 | PA      | $9291.61      | 0.00%             | 2030-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                       | Edison International                                                             | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    110000 | PA      | $105762.06    | 0.00%             | 2054-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| 3M COMPANY                                                                 | 3M Co                                                                            | CUSIP: 88579YBG5<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |    225000 | PA      | $217420.71    | 0.00%             | 2029-03-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397YT4<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    275000 | PA      | $265665.21    | 0.01%             | 2027-11-02      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| KFW                                                                        | Kreditanstalt fuer Wiederaufbau                                                  | CUSIP: 500769JD7<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |     40000 | PA      | $36680.60     | 0.00%             | 2029-09-14      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                         | VICI Properties LP                                                               | CUSIP: 925650AJ2<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |    255000 | PA      | $256478.98    | 0.01%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Province of Quebec                                                         | Province of Quebec Canada                                                        | CUSIP: 748148QR7<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |    570000 | PA      | $641626.75    | 0.01%             | 2029-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CASCADES INC/USA INC                                                       | Cascades Inc/Cascades USA Inc                                                    | CUSIP: 14739LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    115000 | PA      | $114849.19    | 0.00%             | 2030-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Angola Government International Bonds                                      | Angola Government International Bonds                                            | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    600000 | PA      | $559775.90    | 0.01%             | 2029-11-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING                                                         | CNO Global Funding                                                               | CUSIP: 18977W2A7<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |    300000 | PA      | $289752.66    | 0.01%             | 2026-10-07      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN INVEST CO                                                   | Inter-American Investment Corp                                                   | CUSIP: 45828Q2B2<br>LEI: 5493001X4LH60PFRL744 | Long             | DBT              | NUSS              | XX        |     70000 | PA      | $70162.01     | 0.00%             | 2028-02-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| INTERSTATE POWER & LIGHT                                                   | Interstate Power and Light Co                                                    | CUSIP: 461070AQ7<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |    105000 | PA      | $102016.18    | 0.00%             | 2029-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| MARKEL GROUP INC                                                           | Markel Group Inc                                                                 | CUSIP: 570535AU8<br>LEI: 549300SCNO12JLWIK605 | Long             | DBT              | CORP              | US        |    130000 | PA      | $124648.94    | 0.00%             | 2029-09-17      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                             | Morgan Stanley                                                                   | CUSIP: 61747YFS9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    690000 | PA      | $701615.03    | 0.02%             | 2030-07-19      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                           | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137HC2C5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2720000 | PA      | $2803622.65   | 0.06%             | 2029-01-25      | Variable      | 5.36%                 | No            |                  2 | On Loan: No      |
| COLONIAL ENTERPRISES INC                                                   | Colonial Enterprises Inc                                                         | CUSIP: 19565CAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $137015.52    | 0.00%             | 2030-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                                    | Dell International LLC / EMC Corp                                                | CUSIP: 24703DBJ9<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    412000 | PA      | $420572.35    | 0.01%             | 2028-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ABX4<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    235000 | PA      | $217948.77    | 0.00%             | 2028-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140KYG65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    986145 | PA      | $901337.98    | 0.02%             | 2035-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust                               | American Express Credit Account Master Trust                                     | CUSIP: 02582JKV1<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1002619.25   | 0.02%             | 2030-07-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN AQUILA LTD                                                      | Transocean Aquila Ltd                                                            | CUSIP: 893790AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     89692 | PA      | $91017.11     | 0.00%             | 2028-09-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                     | Standard Chartered PLC                                                           | CUSIP: 85325C2D3<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $203999.25    | 0.00%             | 2029-01-21      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CDL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $11109375.00  | 0.25%             | 2028-11-30      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                                               | NiSource Inc                                                                     | CUSIP: 65473PAS4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204725.87    | 0.00%             | 2029-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                                                          | Sysco Corp                                                                       | CUSIP: 871829BK2<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    150000 | PA      | $136715.84    | 0.00%             | 2030-02-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| MOHAWK INDUSTRIES INC                                                      | Mohawk Industries Inc                                                            | CUSIP: 608190AL8<br>LEI: 549300JI1115MG3Q6322 | Long             | DBT              | CORP              | US        |    155000 | PA      | $148221.23    | 0.00%             | 2030-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CJT9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  27978000 | PA      | $27956142.19  | 0.63%             | 2027-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Prudential Financial Inc                                                   | Prudential Financial Inc                                                         | CUSIP: 74432QCC7<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    415000 | PA      | $411350.94    | 0.01%             | 2028-03-27      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                                                     | NXP BV / NXP Funding LLC / NXP USA Inc                                           | CUSIP: 62954HBE7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    244000 | PA      | $243523.53    | 0.01%             | 2027-06-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                       | Bank of America Corp                                                             | CUSIP: 06051GLG2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1045000 | PA      | $1064278.56   | 0.02%             | 2029-04-25      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SIRIUSPOINT LTD                                                            | SiriusPoint Ltd                                                                  | CUSIP: 82969BAA0<br>LEI: 549300OGXFI85N3YZZ51 | Long             | DBT              | CORP              | BM        |    115000 | PA      | $120576.09    | 0.00%             | 2029-04-05      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                                    | United Rentals North America Inc                                                 | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    220000 | PA      | $208292.73    | 0.00%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENCORA INC                                                                | Cencora Inc                                                                      | CUSIP: 03073EAV7<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60228.03     | 0.00%             | 2027-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                                                   | Principal Life Global Funding II                                                 | CUSIP: 74256LEX3<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    115000 | PA      | $115870.29    | 0.00%             | 2027-01-16      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EQUITABLE HOLDINGS INC                                                     | Equitable Holdings Inc                                                           | CUSIP: 054561AN5<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99363.23     | 0.00%             | 2029-02-15      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| UNIFRAX ESCROW ISS CORP                                                    | ASP Unifrax Holdings Inc                                                         | CUSIP: 90473LAA0<br>LEI: 549300RRU6BWJLD0YT71 | Long             | DBT              | CORP              | US        |      2000 | PA      | $693.53       | 0.00%             | 2028-09-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Bausch Health Cos Inc                                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AD9<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     60000 | PA      | $52403.43     | 0.00%             | 2028-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| TERRAFORM POWER OPERATIN                                                   | TerraForm Power Operating LLC                                                    | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    260000 | PA      | $256146.48    | 0.01%             | 2028-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                 | Fiserv Inc                                                                       | CUSIP: 337738BJ6<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151433.79    | 0.00%             | 2027-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                                             | Rocket Cos Inc                                                                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $152214.35    | 0.00%             | 2030-08-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                           | Bank of Montreal                                                                 | CUSIP: 06368L8L3<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $125503.17    | 0.00%             | 2030-09-10      | Fixed         | 4.64%                 | No            |                  2 | On Loan: —       |
| SCHLUMBERGER HLDGS CORP                                                    | Schlumberger Holdings Corp                                                       | CUSIP: 806851AM3<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102040.54    | 0.00%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                                    | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    255000 | PA      | $261520.34    | 0.01%             | 2029-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| STATE OF ISRAEL                                                            | State of Israel                                                                  | CUSIP: 46513JXM8<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    200000 | PA      | $181397.18    | 0.00%             | 2030-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Eskom Holdings SOC Ltd.                                                    | Eskom Holdings SOC Ltd.                                                          | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    200000 | PA      | $203492.41    | 0.00%             | 2028-08-10      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| SUZANO INTL FINANCE BV                                                     | Suzano International Finance BV                                                  | CUSIP: 000000000<br>LEI: 5493000KMIB6J1KMKL84 | Long             | DBT              | CORP              | NL        |    333000 | PA      | $336782.30    | 0.01%             | 2027-01-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                                           | Paramount Global                                                                 | CUSIP: 124857AT0<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    265000 | PA      | $256129.97    | 0.01%             | 2028-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                   | Caterpillar Financial Services Corp                                              | CUSIP: 14913R3A3<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    395000 | PA      | $390420.56    | 0.01%             | 2027-08-12      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Aberdeen Group PLC                                                         | Aberdeen Group PLC                                                               | CUSIP: 000000000<br>LEI: 0TMBS544NMO7GLCE7H90 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $194643.85    | 0.00%             | 2028-06-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                            | CVS Health Corp                                                                  | CUSIP: 126650DH0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    337000 | PA      | $332116.39    | 0.01%             | 2027-04-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| WEA FINANCE LLC                                                            | WEA Finance LLC                                                                  | CUSIP: 92928QAF5<br>LEI: 3CYEJKBUJZO3UW777J80 | Long             | DBT              |  | US        |    220000 | PA      | $210395.32    | 0.00%             | 2029-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ARCELORMITTAL SA                                                           | ArcelorMittal SA                                                                 | CUSIP: 03938LBE3<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |    442000 | PA      | $459412.57    | 0.01%             | 2027-11-29      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                           | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FPHK4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5000000 | PA      | $4667223.40   | 0.11%             | 2029-08-25      | Fixed         | 2.43%                 | No            |                  2 | On Loan: No      |
| ARD FINANCE SA                                                             | ARD Finance SA                                                                   | CUSIP: 00191AAD8<br>LEI: 6354006P6QPGGPVJW880 | Long             | DBT              | CORP              | LU        |    311405 | PA      | $22726.34     | 0.00%             | 2027-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER                                                   | Banco de Credito del Peru S.A.                                                   | CUSIP: 05971V2D6<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |    200000 | PA      | $196852.97    | 0.00%             | 2031-09-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FIN US INC                                                      | Stellantis Finance US Inc                                                        | CUSIP: 85855CAA8<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |    325000 | PA      | $309973.65    | 0.01%             | 2027-01-29      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP                                                            | Nordea Bank Abp                                                                  | CUSIP: 65558RAD1<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |    395000 | PA      | $402362.56    | 0.01%             | 2027-09-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| KSA SUKUK LTD                                                              | KSA Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 635400XBJFPNCGN9CK71 | Long             | DBT              | NUSS              | KY        |    200000 | PA      | $202728.15    | 0.00%             | 2027-06-04      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                             | Home Depot Inc/The                                                               | CUSIP: 437076CE0<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |     82000 | PA      | $75510.41     | 0.00%             | 2028-03-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                              | Citigroup Inc                                                                    | CUSIP: 172967LD1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    850000 | PA      | $841256.02    | 0.02%             | 2028-01-10      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| MOHEGAN TRIBAL / MS DIG                                                    | Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC          | CUSIP: 60832QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $238324.83    | 0.01%             | 2030-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                                                      | McGraw-Hill Education Inc                                                        | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203307.19    | 0.00%             | 2029-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TRANSPORT DE GAS PERU                                                      | Transportadora de Gas del Peru SA                                                | CUSIP: 000000000<br>LEI: 529900SKHHNI5HVI0Y66 | Long             | DBT              | CORP              | PE        |    120000 | PA      | $118768.00    | 0.00%             | 2028-04-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                          | HSBC Holdings PLC                                                                | CUSIP: 404280CV9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    680000 | PA      | $632744.20    | 0.01%             | 2029-08-17      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| STATE BANK INDIA/LONDON                                                    | State Bank of India/London                                                       | CUSIP: 000000000<br>LEI: 5493001JZ37UBBZF6L49 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $201994.33    | 0.00%             | 2029-01-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EQT Corp                                                                   | EQT Corp                                                                         | CUSIP: 26884LAF6<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    470000 | PA      | $463394.52    | 0.01%             | 2027-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| ORIX CORP                                                                  | ORIX Corp                                                                        | CUSIP: 686330AQ4<br>LEI: 35380016EMHNBOVYE123 | Long             | DBT              | CORP              | JP        |    315000 | PA      | $317771.65    | 0.01%             | 2027-09-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KFW                                                                        | Kreditanstalt fuer Wiederaufbau                                                  | CUSIP: 500769HS6<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |    390000 | PA      | $379899.43    | 0.01%             | 2028-04-03      | Fixed         | 2.88%                 | No            |                  2 | On Loan: —       |
| Northern Trust Corp                                                        | Northern Trust Corp                                                              | CUSIP: 665859AT1<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14761.62     | 0.00%             | 2028-08-03      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| HILTON WORLDWIDE FIN LLC                                                   | Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp                     | CUSIP: 432891AK5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    215000 | PA      | $214519.18    | 0.00%             | 2027-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| COSTCO WHOLESALE CORP                                                      | Costco Wholesale Corp                                                            | CUSIP: 22160KAN5<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | DBT              | CORP              | US        |    537000 | PA      | $511267.57    | 0.01%             | 2027-06-20      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| AEGEA FINANCE SARL                                                         | Aegea Finance Sarl                                                               | CUSIP: 000000000<br>LEI: 213800V6WTKUT1XWIZ47 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $200810.47    | 0.00%             | 2029-05-20      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                                     | Ukraine Government International Bonds                                           | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    463117 | PA      | $282940.53    | 0.01%             | 2029-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| HOLDCO COMMON STOCK                                                        | HOLDCO COMMON STOCK                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16280 | NS      | $0.16         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                                   | Saudi Government International Bond                                              | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |   1600000 | PA      | $1625824.96   | 0.04%             | 2028-01-13      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                          | HSBC Holdings PLC                                                                | CUSIP: 404280CF4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $608766.74    | 0.01%             | 2030-03-31      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                                   | Penske Truck Leasing Co Lp / PTL Finance Corp                                    | CUSIP: 709599CB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $244866.79    | 0.01%             | 2030-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138ER2U3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    236230 | PA      | $229382.29    | 0.01%             | 2032-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                                     | BP Capital Markets America Inc                                                   | CUSIP: 10373QBL3<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    380000 | PA      | $367714.34    | 0.01%             | 2030-04-06      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| KUNTARAHOITUS OYJ                                                          | Kuntarahoitus Oyj                                                                | CUSIP: 62630CEK3<br>LEI: 529900HEKOENJHPNN480 | Long             | DBT              | NUSS              | FI        |    500000 | PA      | $503269.83    | 0.01%             | 2029-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MAIN STREET CAPITAL CORP                                                   | Main Street Capital Corp                                                         | CUSIP: 56035LAJ3<br>LEI: 5493001FS9QJLJNF3E20 | Long             | DBT              | CORP              | US        |    105000 | PA      | $107204.50    | 0.00%             | 2027-06-04      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                          | State Street Corp                                                                | CUSIP: 857477BQ5<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    210000 | PA      | $202523.53    | 0.00%             | 2027-11-18      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                         | BMW US Capital LLC                                                               | CUSIP: 05565ECQ6<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    215000 | PA      | $215610.44    | 0.00%             | 2027-08-13      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                                                            | Mercer International Inc                                                         | CUSIP: 588056BB6<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |    264000 | PA      | $212754.01    | 0.00%             | 2029-02-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GRP NY                                                   | Australia & New Zealand Banking Group Ltd/New York NY                            | CUSIP: 05253JB59<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |    305000 | PA      | $309144.50    | 0.01%             | 2029-12-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                             | Morgan Stanley                                                                   | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    285000 | PA      | $288442.61    | 0.01%             | 2029-04-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA                                                   | Export-Import Bank of Korea                                                      | CUSIP: 302154DV8<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |    400000 | PA      | $406361.42    | 0.01%             | 2028-01-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                                        | Altice Financing SA                                                              | CUSIP: 02154CAF0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    365000 | PA      | $292654.75    | 0.01%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                                   | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    375000 | PA      | $293887.51    | 0.01%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DAR AL-ARKAN SUKUK CO LT                                                   | Dar Al-Arkan Sukuk Co Ltd                                                        | CUSIP: 000000000<br>LEI: 5493000UYHRBXEIYUQ69 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $207112.16    | 0.00%             | 2029-02-25      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| OHIO EDISON CO                                                             | Ohio Edison Co                                                                   | CUSIP: 677347CJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $65800.88     | 0.00%             | 2029-12-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                                                          | Expedia Group Inc                                                                | CUSIP: 30212PAP0<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | DBT              | CORP              | US        |    385000 | PA      | $378498.19    | 0.01%             | 2028-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                                   | New York Life Global Funding                                                     | CUSIP: 64952WFD0<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    135000 | PA      | $137329.31    | 0.00%             | 2028-06-13      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                     | Philip Morris International Inc                                                  | CUSIP: 718172CE7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    160000 | PA      | $155313.87    | 0.00%             | 2028-03-02      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                         | Energy Transfer LP                                                               | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    295000 | PA      | $314384.94    | 0.01%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS                                                   | Huntington Ingalls Industries Inc                                                | CUSIP: 446413AZ9<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |    155000 | PA      | $143720.48    | 0.00%             | 2028-08-16      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                  | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F020489<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $1815428.30   | 0.04%             | 2039-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT                                                      | Freeport Indonesia PT                                                            | CUSIP: 000000000<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $200118.15    | 0.00%             | 2027-04-14      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| FNB CORP                                                                   | FNB Corp/PA                                                                      | CUSIP: 302520AD3<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135965.92    | 0.00%             | 2030-12-11      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| MANUF & TRADERS TRUST CO                                                   | Manufacturers & Traders Trust Co                                                 | CUSIP: 55279HAW0<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |    460000 | PA      | $462566.06    | 0.01%             | 2028-01-27      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| THE CAMPBELLS COMPANY                                                      | The Campbell's Company                                                           | CUSIP: 134429BJ7<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    150000 | PA      | $135103.21    | 0.00%             | 2030-04-24      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| KOREA ELECTRIC POWER CO                                                    | Korea Electric Power Corp                                                        | CUSIP: 000000000<br>LEI: 988400QG33WS7JEIV602 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $201105.86    | 0.00%             | 2027-01-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                                                   | Corebridge Financial Inc                                                         | CUSIP: 21871XAP4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    445000 | PA      | $457351.62    | 0.01%             | 2052-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140X5MC4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21010 | PA      | $20882.52     | 0.00%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AVALONBAY COMMUNITIES                                                      | AvalonBay Communities Inc                                                        | CUSIP: 05348EAY5<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              |  | US        |     50000 | PA      | $49099.34     | 0.00%             | 2026-10-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Illinois Tool Works Inc                                                    | Illinois Tool Works Inc                                                          | CUSIP: 452308AX7<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | DBT              | CORP              | US        |    183000 | PA      | $179668.39    | 0.00%             | 2026-11-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| OTIS WORLDWIDE CORP                                                        | Otis Worldwide Corp                                                              | CUSIP: 68902VAP2<br>LEI: 549300ZLBKR8VSU25153 | Long             | DBT              | CORP              | US        |    240000 | PA      | $245457.12    | 0.01%             | 2028-08-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KOREA NATIONAL OIL CORP                                                    | Korea National Oil Corp                                                          | CUSIP: 50065XAP9<br>LEI: 988400ZTQ08W926ONT36 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $201879.54    | 0.00%             | 2028-04-03      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HANA BANK                                                                  | KEB Hana Bank                                                                    | CUSIP: 48723TAC5<br>LEI: 6RPK2YDJN6L35AS0M510 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $196300.20    | 0.00%             | 2027-03-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                       | Bank of America Corp                                                             | CUSIP: 06051GHG7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    735000 | PA      | $725806.71    | 0.02%             | 2029-03-05      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESOR                                                   | Marriott Ownership Resorts Inc                                                   | CUSIP: 57164PAF3<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97518.00     | 0.00%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                                        | Global Payments Inc                                                              | CUSIP: 37940XAN2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    130000 | PA      | $131786.22    | 0.00%             | 2029-08-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| NONGHYUP BANK                                                              | NongHyup Bank                                                                    | CUSIP: 65540KAK1<br>LEI: 988400GSDJCW3LKJBD20 | Long             | DBT              | CORP              | KR        |    400000 | PA      | $405047.25    | 0.01%             | 2028-07-03      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 31307NP40<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     91048 | PA      | $88772.12     | 0.00%             | 2030-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DYE & DURHAM LIMITED                                                       | Dye & Durham Ltd                                                                 | CUSIP: 267486AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    185000 | PA      | $192777.87    | 0.00%             | 2029-04-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 912828ZV5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9570000 | PA      | $8967015.26   | 0.20%             | 2027-06-30      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                                            | Cigna Group/The                                                                  | CUSIP: 125523AH3<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   1105000 | PA      | $1101490.02   | 0.02%             | 2028-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                                          | Eversource Energy                                                                | CUSIP: 30040WAF5<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    205000 | PA      | $202510.66    | 0.00%             | 2029-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PACCAR FINANCIAL CORP                                                      | PACCAR Financial Corp                                                            | CUSIP: 69371RS72<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101208.66    | 0.00%             | 2026-11-09      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| HORMEL FOODS CORP                                                          | Hormel Foods Corp                                                                | CUSIP: 440452AF7<br>LEI: MSD54751OJP1FS2ND863 | Long             | DBT              | CORP              | US        |    250000 | PA      | $221340.81    | 0.00%             | 2030-06-11      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| SAUDI ELECTRICITY SUKUK                                                    | Saudi Electricity Sukuk Programme Co                                             | CUSIP: 000000000<br>LEI: 549300KZ4IZK3RMUO096 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $201997.63    | 0.00%             | 2029-02-13      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| APOLLO DEBT SOLUTIONS BD                                                   | Apollo Debt Solutions BDC                                                        | CUSIP: 03770DAB9<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    255000 | PA      | $266464.36    | 0.01%             | 2029-04-13      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                 | US Bancorp                                                                       | CUSIP: 91159HJS0<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    385000 | PA      | $392877.44    | 0.01%             | 2030-07-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                      | Tenet Healthcare Corp                                                            | CUSIP: 88033GDM9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    425000 | PA      | $409996.16    | 0.01%             | 2029-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BINGHATTI SUKUK SPC LTD                                                    | Binghatti Sukuk SPC Ltd                                                          | CUSIP: 000000000<br>LEI: 254900Q5ANAJ5RI08U80 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $206397.06    | 0.00%             | 2027-02-28      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| Qatar Government International Bonds                                       | Qatar Government International Bonds                                             | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |   1000000 | PA      | $1010159.89   | 0.02%             | 2028-04-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                                    | HCA Inc                                                                          | CUSIP: 404119BW8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    340000 | PA      | $351590.17    | 0.01%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TIMKEN CO                                                                  | Timken Co/The                                                                    | CUSIP: 887389AK0<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | DBT              | CORP              | US        |    145000 | PA      | $144759.32    | 0.00%             | 2028-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                                                      | Amrize Finance US LLC                                                            | CUSIP: 43475RAB2<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50252.61     | 0.00%             | 2028-04-07      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC                                                           | Credit Acceptance Corp                                                           | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $136743.82    | 0.00%             | 2030-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                                                       | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176646.54    | 0.00%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                                     | Santander Holdings USA Inc                                                       | CUSIP: 80282KBM7<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    305000 | PA      | $310448.73    | 0.01%             | 2030-09-06      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CFAMC III CO LTD                                                           | CFAMC III Co Ltd                                                                 | CUSIP: 000000000<br>LEI: 5493006V07LYI3HE6G83 | Long             | DBT              | CORP              | VG        |    400000 | PA      | $398564.66    | 0.01%             | 2027-04-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                           | Deutsche Bank AG/New York NY                                                     | CUSIP: 251526CX5<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    400000 | PA      | $403260.23    | 0.01%             | 2030-09-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BBG SUKUK LTD                                                              | BBG Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 549300URWP4TDNWJXN62 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $199582.80    | 0.00%             | 2029-10-09      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                                     | Mizuho Financial Group Inc                                                       | CUSIP: 60687YAX7<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    265000 | PA      | $250593.97    | 0.01%             | 2030-07-16      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                                                   | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    205000 | PA      | $204699.94    | 0.00%             | 2027-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                                                      | Aon North America Inc                                                            | CUSIP: 03740MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $242385.32    | 0.01%             | 2027-03-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ANTARES HOLDINGS                                                           | Antares Holdings LP                                                              | CUSIP: 03666HAG6<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253623.60    | 0.01%             | 2029-02-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS LLC                                               | MPH Acquisition Holdings LLC 2025 Exchange 1st Out Term Loan                     | CUSIP: 55328HAP6<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2030-12-31      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER CAPITAL C                                                   | American Water Capital Corp                                                      | CUSIP: 03040WAU9<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |    175000 | PA      | $169188.88    | 0.00%             | 2029-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                                                 | Pfizer Inc                                                                       | CUSIP: 717081EY5<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    300000 | PA      | $264710.89    | 0.01%             | 2030-05-28      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                                                    | Exxon Mobil Corp                                                                 | CUSIP: 30231GBJ0<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    446000 | PA      | $440690.00    | 0.01%             | 2027-03-19      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                                               | Entegris Inc                                                                     | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    265000 | PA      | $267309.13    | 0.01%             | 2030-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA                                                   | Export-Import Bank of Korea                                                      | CUSIP: 302154DM8<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |    400000 | PA      | $384846.55    | 0.01%             | 2027-01-18      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                   | European Investment Bank                                                         | CUSIP: 298785JA5<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |    220000 | PA      | $200416.89    | 0.00%             | 2029-10-09      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| AXIS SPECIALTY FINANCE                                                     | AXIS Specialty Finance LLC                                                       | CUSIP: 05463HAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $72036.22     | 0.00%             | 2040-01-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Dell Inc                                                                   | Dell Inc                                                                         | CUSIP: 247025AE9<br>LEI: 3E70L4WYANTIWWIPHC81 | Long             | DBT              | CORP              | US        |     80000 | PA      | $85315.03     | 0.00%             | 2028-04-15      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                    | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GZR8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    955000 | PA      | $940557.04    | 0.02%             | 2028-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ASB BANK LIMITED                                                           | ASB Bank Ltd                                                                     | CUSIP: 04342JAA5<br>LEI: 549300IBZWZL1KTPF918 | Long             | DBT              | CORP              | NZ        |    240000 | PA      | $241099.40    | 0.01%             | 2032-06-17      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3133L7X36<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7223102 | PA      | $6624888.84   | 0.15%             | 2035-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                                                   | Northwestern Mutual Global Funding                                               | CUSIP: 66815L2R9<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |    220000 | PA      | $222487.61    | 0.01%             | 2027-03-25      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GRP NY                                                   | Australia & New Zealand Banking Group Ltd/New York NY                            | CUSIP: 05253JB75<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |    250000 | PA      | $250936.16    | 0.01%             | 2028-06-18      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                     | UnitedHealth Group Inc                                                           | CUSIP: 91324PEQ1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    380000 | PA      | $390901.79    | 0.01%             | 2030-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| TRANSCONT GAS PIPE LINE                                                    | Transcontinental Gas Pipe Line Co LLC                                            | CUSIP: 893574AK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $44448.47     | 0.00%             | 2028-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                                      | Brazil Government International Bonds                                            | CUSIP: 105756CC2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1000000 | PA      | $942524.78    | 0.02%             | 2030-06-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                                                    | Astrazeneca Finance LLC                                                          | CUSIP: 04636NAF0<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    400000 | PA      | $406446.87    | 0.01%             | 2028-03-03      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Corp. Nacional del Cobre de Chile                                          | Corp. Nacional del Cobre de Chile                                                | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    400000 | PA      | $371517.37    | 0.01%             | 2029-09-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Eaton Vance Corp                                                           | Eaton Vance Corp                                                                 | CUSIP: 278265AE3<br>LEI: 4JJ8ORNW1AFZPSV8GJ79 | Long             | DBT              | CORP              | US        |    270000 | PA      | $266118.74    | 0.01%             | 2027-04-06      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITED NATURAL FOODS INC                                                   | United Natural Foods Inc                                                         | CUSIP: 911163AA1<br>LEI: 549300GKGW6WPZ282D40 | Long             | DBT              | CORP              | US        |    160000 | PA      | $159327.80    | 0.00%             | 2028-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Republic Services Inc                                                      | Republic Services Inc                                                            | CUSIP: 760759AR1<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49363.97     | 0.00%             | 2026-07-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CRH SMW FINANCE DAC                                                        | CRH SMW Finance DAC                                                              | CUSIP: 12704PAB4<br>LEI: 54930044475SH442C864 | Long             | DBT              | CORP              | IE        |    400000 | PA      | $408092.14    | 0.01%             | 2030-01-09      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ALPHA STAR HOLDING                                                         | Alpha Star Holding VIII Ltd                                                      | CUSIP: 000000000<br>LEI: 254900TMRVHA9YMIFC14 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $207067.48    | 0.00%             | 2027-04-12      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                                | BBCMS Mortgage Trust 2024-5C25                                                   | CUSIP: 05554VAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $255831.98    | 0.01%             | 2057-03-15      | Variable      | 6.64%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY FINANCE                                                     | Alliant Energy Finance LLC                                                       | CUSIP: 01882YAB2<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |    130000 | PA      | $127914.70    | 0.00%             | 2028-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MCKESSON CORP                                                              | McKesson Corp                                                                    | CUSIP: 581557BR5<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |    242000 | PA      | $234356.51    | 0.01%             | 2026-08-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                         | Energy Transfer LP                                                               | CUSIP: 226373AR9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    230000 | PA      | $233175.28    | 0.01%             | 2029-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Airbus SE                                                                  | Airbus SE                                                                        | CUSIP: 009279AA8<br>LEI: MINO79WLOO247M1IL051 | Long             | DBT              | CORP              | NL        |    260000 | PA      | $255460.10    | 0.01%             | 2027-04-10      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                                             | Var Energi ASA                                                                   | CUSIP: 92212WAF7<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    200000 | PA      | $205816.23    | 0.00%             | 2030-05-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                              | TransDigm Inc                                                                    | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    225000 | PA      | $220724.61    | 0.00%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                                   | New York Life Global Funding                                                     | CUSIP: 64952WFP3<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149548.83    | 0.00%             | 2028-07-25      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                       | Glencore Funding LLC                                                             | CUSIP: 378272AQ1<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     95000 | PA      | $93496.95     | 0.00%             | 2027-10-27      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SUNTORY HOLDINGS LTD                                                       | Suntory Holdings Ltd                                                             | CUSIP: 86803UAE1<br>LEI: 54930074QUY8RD0UZM08 | Long             | DBT              | CORP              | JP        |    205000 | PA      | $208659.33    | 0.00%             | 2029-06-11      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AGCO CORP                                                                  | AGCO Corp                                                                        | CUSIP: 001084AR3<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | DBT              | CORP              | US        |    145000 | PA      | $146347.00    | 0.00%             | 2027-03-21      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                                                     | Westinghouse Air Brake Technologies Corp                                         | CUSIP: 960386AS9<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151652.00    | 0.00%             | 2030-05-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                                   | RTX Corp                                                                         | CUSIP: 75513ECH2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    376000 | PA      | $370791.10    | 0.01%             | 2027-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KSA Sukuk Ltd.                                                             | KSA Sukuk Ltd.                                                                   | CUSIP: 000000000<br>LEI: 635400XBJFPNCGN9CK71 | Long             | DBT              | NUSS              | KY        |    400000 | PA      | $412265.09    | 0.01%             | 2030-06-04      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc                                                    | O'Reilly Automotive Inc                                                          | CUSIP: 67103HAH0<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    175000 | PA      | $171277.95    | 0.00%             | 2029-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                                                     | Protective Life Global Funding                                                   | CUSIP: 74368CBV5<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |    155000 | PA      | $159693.20    | 0.00%             | 2028-12-08      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                     | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406RBL0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    375000 | PA      | $386485.71    | 0.01%             | 2028-10-25      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Altria Group Inc                                                           | Altria Group Inc                                                                 | CUSIP: 02209SAU7<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29376.87     | 0.00%             | 2026-09-16      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                      | Truist Financial Corp                                                            | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    460000 | PA      | $496339.39    | 0.01%             | 2029-10-30      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                                                   | Anheuser-Busch InBev Worldwide Inc                                               | CUSIP: 035240AQ3<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    652000 | PA      | $661533.59    | 0.01%             | 2029-01-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                                             | NCR Voyix Corp                                                                   | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    119000 | PA      | $116624.12    | 0.00%             | 2029-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| EVERGREEN ACQCO/TVI INC                                                    | Evergreen Acqco 1 LP / TVI Inc                                                   | CUSIP: 30015DAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    162000 | PA      | $168675.69    | 0.00%             | 2028-04-26      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS                                                   | First Abu Dhabi Bank PJSC                                                        | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $202921.75    | 0.00%             | 2027-10-13      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                          | HSBC Holdings PLC                                                                | CUSIP: 404280DZ9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    790000 | PA      | $799724.96    | 0.02%             | 2027-08-14      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| WOLVERINE WORLD WIDE                                                       | Wolverine World Wide Inc                                                         | CUSIP: 978097AG8<br>LEI: 549300OVC7PK14LQ8D87 | Long             | DBT              | CORP              | US        |    175000 | PA      | $157673.80    | 0.00%             | 2029-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                   | EQT Corp                                                                         | CUSIP: 26884LBA6<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    150000 | PA      | $164331.98    | 0.00%             | 2030-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                    | HCA Inc                                                                          | CUSIP: 404119CY3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    255000 | PA      | $257806.28    | 0.01%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                                                     | Northern Oil & Gas Inc                                                           | CUSIP: 665531AG4<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    223000 | PA      | $225270.25    | 0.01%             | 2028-03-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| SOBHA SUKUK LTD                                                            | Sobha Sukuk Ltd                                                                  | CUSIP: 000000000<br>LEI: 5493000HMN2AOHV8GU08 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $208502.87    | 0.00%             | 2028-07-17      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ABP1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    340000 | PA      | $323456.72    | 0.01%             | 2027-10-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                               | UBS Group AG                                                                     | CUSIP: 225401BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    460000 | PA      | $481811.80    | 0.01%             | 2029-09-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD                                                        | Macquarie Group Ltd                                                              | CUSIP: 55607PAF2<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |    325000 | PA      | $313997.25    | 0.01%             | 2027-09-23      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Asian Development Bank                                                     | Asian Development Bank                                                           | CUSIP: 045167EE9<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    100000 | PA      | $96848.81     | 0.00%             | 2027-11-02      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                                     | Mizuho Financial Group Inc                                                       | CUSIP: 60687YAT6<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    315000 | PA      | $312058.60    | 0.01%             | 2029-09-11      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MAGNA INTERNATIONAL INC                                                    | Magna International Inc                                                          | CUSIP: 559222AV6<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $181433.93    | 0.00%             | 2030-06-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: —       |
| AVNET INC                                                                  | Avnet Inc                                                                        | CUSIP: 053807AW3<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | DBT              | CORP              | US        |    197000 | PA      | $204291.89    | 0.00%             | 2028-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BOC AVIATION USA CORP                                                      | BOC Aviation USA Corp                                                            | CUSIP: 66980Q2E6<br>LEI: 254900QKLTY6MF4Y3P65 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205978.75    | 0.00%             | 2030-01-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds                                   | Indonesia Government International Bonds                                         | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    400000 | PA      | $400863.89    | 0.01%             | 2027-01-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                                                     | Westinghouse Air Brake Technologies Corp                                         | CUSIP: 960386AL4<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    306000 | PA      | $301664.66    | 0.01%             | 2026-11-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138XC4J8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     57250 | PA      | $56146.22     | 0.00%             | 2028-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                                                          | Sysco Corp                                                                       | CUSIP: 871829BS5<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    130000 | PA      | $135145.15    | 0.00%             | 2029-01-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALCON FINANCE CORP                                                         | Alcon Finance Corp                                                               | CUSIP: 01400EAA1<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |    230000 | PA      | $224822.75    | 0.01%             | 2026-09-23      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                                            | McDonald's Corp                                                                  | CUSIP: 58013MFM1<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    250000 | PA      | $226121.05    | 0.01%             | 2030-03-01      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                     | American Honda Finance Corp                                                      | CUSIP: 02665WFX4<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125212.34    | 0.00%             | 2028-03-03      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                                        | Wells Fargo Bank NA                                                              | CUSIP: 94988J6F9<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |    500000 | PA      | $505781.24    | 0.01%             | 2026-12-11      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                                          | Ares Capital Corp                                                                | CUSIP: 04010LBD4<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96751.28     | 0.00%             | 2027-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA                                                   | Export-Import Bank of Korea                                                      | CUSIP: 302154EB1<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $201316.56    | 0.00%             | 2029-01-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                                                   | Sumitomo Mitsui Trust Bank Ltd                                                   | CUSIP: 86563VBP3<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    210000 | PA      | $212495.25    | 0.00%             | 2027-03-07      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                                                        | Carrier Global Corp                                                              | CUSIP: 14448CAQ7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    620000 | PA      | $575212.59    | 0.01%             | 2030-02-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TKX2<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    177000 | PA      | $178065.69    | 0.00%             | 2026-08-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                           | Bank of Montreal                                                                 | CUSIP: 06368L8K5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $124990.70    | 0.00%             | 2027-09-10      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                                                    | Arthur J Gallagher & Co                                                          | CUSIP: 04316JAK5<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125402.82    | 0.00%             | 2027-12-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                                                | Oracle Corp                                                                      | CUSIP: 68389XBN4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    940000 | PA      | $914931.47    | 0.02%             | 2027-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 31418FEF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    595346 | PA      | $578013.28    | 0.01%             | 2039-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                               | Broadcom Inc                                                                     | CUSIP: 11135FBA8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    525000 | PA      | $529556.06    | 0.01%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                                                        | Dow Chemical Co/The                                                              | CUSIP: 260543CY7<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160607.27    | 0.00%             | 2028-11-30      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                   | Caterpillar Financial Services Corp                                              | CUSIP: 14913UAJ9<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152797.68    | 0.00%             | 2029-02-27      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ROCKWELL AUTOMATION                                                        | Rockwell Automation Inc                                                          | CUSIP: 773903AH2<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | DBT              | CORP              | US        |    120000 | PA      | $116632.66    | 0.00%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138WG2T0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    308937 | PA      | $296220.41    | 0.01%             | 2031-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| XEROX HOLDINGS CORP                                                        | Xerox Holdings Corp                                                              | CUSIP: 98421MAB2<br>LEI: 5493000Y33XDVO2CXC18 | Long             | DBT              | CORP              | US        |    235000 | PA      | $155715.78    | 0.00%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                                                         | RGA Global Funding                                                               | CUSIP: 76209PAE3<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |    215000 | PA      | $220921.29    | 0.00%             | 2029-05-24      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ALCON FINANCE CORP                                                         | Alcon Finance Corp                                                               | CUSIP: 01400EAB9<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |    250000 | PA      | $235535.00    | 0.01%             | 2029-09-23      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                                     | Mizuho Financial Group Inc                                                       | CUSIP: 60687YCR8<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $208169.61    | 0.00%             | 2031-05-27      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                                      | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $176130.69    | 0.00%             | 2029-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOG                                             | SEAGATE DATA STOR                                                                | CUSIP: 81180LAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    100000 | PA      | $106588.43    | 0.00%             | 2029-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SFIL SA                                                                    | SFIL SA                                                                          | CUSIP: 000000000<br>LEI: 549300HFEHJOXGE4ZE63 | Long             | DBT              | NUSS              | FR        |    400000 | PA      | $403595.79    | 0.01%             | 2027-04-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VALERO ENERGY CORP                                                         | Valero Energy Corp                                                               | CUSIP: 91913YBB5<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |    155000 | PA      | $147602.74    | 0.00%             | 2027-09-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138WH4N9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    324616 | PA      | $310362.98    | 0.01%             | 2031-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                                                   | Outfront Media Capital LLC / Outfront Media Capital Corp                         | CUSIP: 69007TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $203009.50    | 0.00%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                                    | Inter-American Development Bank                                                  | CUSIP: 45818WGB6<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |      5000 | PA      | $5016.38      | 0.00%             | 2030-01-22      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140J8X57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    578893 | PA      | $571043.50    | 0.01%             | 2030-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                         | Ally Financial Inc                                                               | CUSIP: 02005NBR0<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    265000 | PA      | $278505.82    | 0.01%             | 2027-11-15      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL SERVICES                                                   | Hyundai Capital Services Inc                                                     | CUSIP: 000000000<br>LEI: 549300MALMDAGL2ZJJ27 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $202359.74    | 0.00%             | 2029-02-05      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140GRYV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8758 | PA      | $8556.35      | 0.00%             | 2032-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME                                                     | Blue Owl Credit Income Corp                                                      | CUSIP: 69120VAF8<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    208000 | PA      | $206411.38    | 0.00%             | 2027-02-08      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SAIB TIER 1 SUKUK LTD                                                      | Saib Tier 1 Sukuk Ltd                                                            | CUSIP: 000000000<br>LEI: 254900WDK8XRIH4H8P52 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $202142.73    | 0.00%             | 2029-11-27      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AXIS SPECIALTY FINAN PLC                                                   | AXIS Specialty Finance PLC                                                       | CUSIP: 05464HAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    250000 | PA      | $246228.38    | 0.01%             | 2027-12-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                     | Verizon Communications Inc                                                       | CUSIP: 92343VGH1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    680000 | PA      | $642843.48    | 0.01%             | 2028-03-22      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| JAPAN INT'L COOP AGENCY                                                    | Japan International Cooperation Agency                                           | CUSIP: 47109LAB0<br>LEI: 254900XEIG78M2AJB031 | Long             | DBT              | NUSS              | JP        |    500000 | PA      | $486972.97    | 0.01%             | 2027-04-27      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FORESTAR GROUP INC                                                         | Forestar Group Inc                                                               | CUSIP: 346232AE1<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |     88000 | PA      | $87232.45     | 0.00%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CARLYLE FINANCE SUB LLC                                                    | Carlyle Finance Subsidiary LLC                                                   | CUSIP: 14314DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $148603.24    | 0.00%             | 2029-09-19      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                         | VICI Properties LP                                                               | CUSIP: 925650AB9<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |    505000 | PA      | $507164.59    | 0.01%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                                                     | Anglo American Capital PLC                                                       | CUSIP: 034863AU4<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    305000 | PA      | $303927.15    | 0.01%             | 2028-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ADM6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203769.14    | 0.00%             | 2030-01-08      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                                                         | Pacific Life Global Funding II                                                   | CUSIP: 6944PL3F4<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151466.79    | 0.00%             | 2030-02-10      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                                           | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | PA      | $277220.43    | 0.01%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AHLSTROM HLDG 3 OY                                                         | Ahlstrom Holding 3 Oy                                                            | CUSIP: 84612JAA0<br>LEI: 743700UEY0YM039XN974 | Long             | DBT              | CORP              | FI        |    100000 | PA      | $96040.63     | 0.00%             | 2028-02-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALTA EQUIPMENT GROUP                                                       | Alta Equipment Group Inc                                                         | CUSIP: 02128LAC0<br>LEI: 549300DGOB28CLGS1X27 | Long             | DBT              | CORP              | US        |    150000 | PA      | $142471.47    | 0.00%             | 2029-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| BOC Aviation Ltd                                                           | BOC Aviation Ltd                                                                 | CUSIP: 09681MAE8<br>LEI: 254900H06V5RMEB3KE72 | Long             | DBT              | CORP              | SG        |    400000 | PA      | $391754.96    | 0.01%             | 2027-09-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                                      | Nabors Industries Inc                                                            | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    240000 | PA      | $242171.04    | 0.01%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                                   | National Rural Utilities Cooperative Finance Corp                                | CUSIP: 637432NQ4<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98440.23     | 0.00%             | 2028-11-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                 | Intel Corp                                                                       | CUSIP: 458140BR0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    425000 | PA      | $408973.70    | 0.01%             | 2030-03-25      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP                                                     | Bunge Ltd Finance Corp                                                           | CUSIP: 120568BE9<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |    220000 | PA      | $216903.83    | 0.00%             | 2029-09-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Ingredion Inc                                                              | Ingredion Inc                                                                    | CUSIP: 457187AB8<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34431.98     | 0.00%             | 2026-10-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                   | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1285000 | PA      | $1251377.89   | 0.03%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                               | Navient Corp                                                                     | CUSIP: 63938CAL2<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    175000 | PA      | $170700.07    | 0.00%             | 2028-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                   | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MBG9<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    415000 | PA      | $426881.09    | 0.01%             | 2027-04-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                                                    | Walt Disney Co/The                                                               | CUSIP: 254687FL5<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    630000 | PA      | $576429.35    | 0.01%             | 2029-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ICDPS SUKUK LTD                                                            | ICDPS Sukuk Ltd                                                                  | CUSIP: 000000000<br>LEI: 635400T787XTT4TIJZ59 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $200826.94    | 0.00%             | 2029-02-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132AEGF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3305 | PA      | $3286.17      | 0.00%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CET4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1952656.26   | 0.04%             | 2027-05-31      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| SHINHAN BANK                                                               | Shinhan Bank Co Ltd                                                              | CUSIP: 000000000<br>LEI: 5493003P813VL21KG928 | Long             | DBT              | CORP              | KR        |    400000 | PA      | $396685.61    | 0.01%             | 2028-03-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                           | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137HCH39<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3110000 | PA      | $3225269.51   | 0.07%             | 2031-02-25      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                                                   | Graphic Packaging International LLC                                              | CUSIP: 38869AAB3<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    145000 | PA      | $138664.04    | 0.00%             | 2028-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CME8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33068000 | PA      | $33145503.13  | 0.75%             | 2026-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78017FZS5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    175000 | PA      | $175032.03    | 0.00%             | 2028-10-18      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397D59<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    435000 | PA      | $450111.80    | 0.01%             | 2028-11-07      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                                     | Mizuho Financial Group Inc                                                       | CUSIP: 60687YCZ0<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    430000 | PA      | $444531.38    | 0.01%             | 2029-07-06      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| Belo Corp                                                                  | Belo Corp                                                                        | CUSIP: 080555AE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    113000 | PA      | $117033.45    | 0.00%             | 2027-06-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                                   | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAP4<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    250000 | PA      | $236862.98    | 0.01%             | 2029-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78016EZT7<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    325000 | PA      | $315216.93    | 0.01%             | 2026-07-14      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                                    | Inter-American Development Bank                                                  | CUSIP: 4581X0DJ4<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    345000 | PA      | $337740.02    | 0.01%             | 2026-07-23      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ICBCIL FINANCE CO LTD                                                      | ICBCIL Finance Co Ltd                                                            | CUSIP: 000000000<br>LEI: 549300ZCUURSNVTOEU07 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $194534.83    | 0.00%             | 2026-08-02      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XCS3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    236000 | PA      | $241393.09    | 0.01%             | 2029-01-17      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA                                                   | Export-Import Bank of Korea                                                      | CUSIP: 302154DJ5<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |    400000 | PA      | $382505.31    | 0.01%             | 2026-12-29      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                                                        | Sherwin-Williams Co/The                                                          | CUSIP: 824348BU9<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149791.40    | 0.00%             | 2028-08-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Cboe Global Markets Inc                                                    | Cboe Global Markets Inc                                                          | CUSIP: 12503MAA6<br>LEI: 529900RLNSGA90UPEH54 | Long             | DBT              | CORP              | US        |    165000 | PA      | $163321.21    | 0.00%             | 2027-01-12      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                                                     | Delek Logistics Partners LP / Delek Logistics Finance Corp                       | CUSIP: 24665FAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    315000 | PA      | $327715.26    | 0.01%             | 2029-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| OEKB OEST. KONTROLLBANK                                                    | Oesterreichische Kontrollbank AG                                                 | CUSIP: 676167CQ0<br>LEI: 5299000OVRLMF858L016 | Long             | DBT              | CORP              | AT        |      5000 | PA      | $5007.17      | 0.00%             | 2028-05-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                                     | Romania Government International Bonds                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    400000 | PA      | $401490.38    | 0.01%             | 2027-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ENDEAVOUR MINING PLC                                                       | Endeavour Mining PLC                                                             | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $406183.36    | 0.01%             | 2030-05-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                                        | Dominion Energy Inc                                                              | CUSIP: 25746UDF3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49349.03     | 0.00%             | 2027-03-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| LABORATORY CORP OF AMER                                                    | Laboratory Corp of America Holdings                                              | CUSIP: 50540RAW2<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |    175000 | PA      | $163851.66    | 0.00%             | 2029-12-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ST ENG URBAN SOL USA                                                       | Ste Transcore Holdings Inc                                                       | CUSIP: 85235DAA7<br>LEI: 2549005ISD49W0N6WG55 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196831.33    | 0.00%             | 2027-05-05      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Northern Trust Corp                                                        | Northern Trust Corp                                                              | CUSIP: 665859AU8<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57647.00     | 0.00%             | 2029-05-03      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Masco Corp                                                                 | Masco Corp                                                                       | CUSIP: 574599BN5<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48830.10     | 0.00%             | 2027-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                   | Lloyds Banking Group PLC                                                         | CUSIP: 539439AX7<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    450000 | PA      | $463769.36    | 0.01%             | 2029-03-06      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES                                                   | International Flavors & Fragrances Inc                                           | CUSIP: 459506AP6<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |    290000 | PA      | $272619.70    | 0.01%             | 2027-10-15      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| SPX FLOW INC                                                               | SPX FLOW Inc                                                                     | CUSIP: 758071AA2<br>LEI: 5493003YXEKRBINIEM78 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155052.26    | 0.00%             | 2030-04-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Sands China Ltd                                                            | Sands China Ltd                                                                  | CUSIP: 80007RAE5<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |    460000 | PA      | $465116.92    | 0.01%             | 2028-08-08      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                                                    | Energean Israel Finance Ltd                                                      | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |    200000 | PA      | $192247.71    | 0.00%             | 2028-03-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  39213000 | PA      | $39307969.18  | 0.89%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOCOM LEASING MGMT                                                         | Bocom Leasing Management Hong Kong Co Ltd                                        | CUSIP: 000000000<br>LEI: 549300VK5E35PN5ZZX74 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $199417.97    | 0.00%             | 2030-03-07      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                 | Intel Corp                                                                       | CUSIP: 458140BY5<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    450000 | PA      | $443271.84    | 0.01%             | 2027-08-05      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138WH4Y5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    109829 | PA      | $104912.50    | 0.00%             | 2031-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL CAP FND                                                      | Golub Capital Private Credit Fund                                                | CUSIP: 38179RAB1<br>LEI: 254900B5KBW6OY1F9951 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160567.30    | 0.00%             | 2029-09-12      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| NBN CO LTD                                                                 | NBN Co Ltd                                                                       | CUSIP: 62878U2H4<br>LEI: 2549007CRZ2NT7S96A24 | Long             | DBT              | CORP              | AU        |    220000 | PA      | $217841.58    | 0.00%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WHARF REIC FINANCE BVI                                                     | Wharf REIC Finance BVI Ltd                                                       | CUSIP: 000000000<br>LEI: 254900N6PHCMYYNUWV59 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $193927.43    | 0.00%             | 2028-01-17      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                                   | LABL Inc                                                                         | CUSIP: 50168QAC9<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    150000 | PA      | $132064.40    | 0.00%             | 2028-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                         | BMO 2024-5C5 Mortgage Trust                                                      | CUSIP: 05593RAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $674171.67    | 0.02%             | 2057-02-15      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                                 | PacifiCorp                                                                       | CUSIP: 695114DB1<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    210000 | PA      | $213633.79    | 0.00%             | 2029-02-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| KOREAREHABNRESOURCE                                                        | Korea Mine Rehabilitation & Mineral Resources Corp                               | CUSIP: 000000000<br>LEI: 988400H3GWWTNW7D1G09 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $203618.56    | 0.00%             | 2029-05-08      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                     | Standard Chartered PLC                                                           | CUSIP: 85325C2A9<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    505000 | PA      | $510840.41    | 0.01%             | 2030-10-15      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| ROLLER BEARING CO OF AME                                                   | Roller Bearing Co of America Inc                                                 | CUSIP: 775631AD6<br>LEI: 254900U9XW6S76H2P167 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144415.73    | 0.00%             | 2029-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MARTIN MARIETTA MATERIAL                                                   | Martin Marietta Materials Inc                                                    | CUSIP: 573284AQ9<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9812.87      | 0.00%             | 2027-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Cardinal Health Inc                                                        | Cardinal Health Inc                                                              | CUSIP: 14149YBJ6<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    367000 | PA      | $360390.69    | 0.01%             | 2027-06-15      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| CENCORA INC                                                                | Cencora Inc                                                                      | CUSIP: 03073EAR6<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |    150000 | PA      | $138814.21    | 0.00%             | 2030-05-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                                    | Metropolitan Life Global Funding I                                               | CUSIP: 592179KL8<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    155000 | PA      | $156844.65    | 0.00%             | 2027-06-11      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME                                                     | Blue Owl Credit Income Corp                                                      | CUSIP: 09581CAB7<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    235000 | PA      | $241647.46    | 0.01%             | 2029-09-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| ESIC SUKUK LTD                                                             | Esic Sukuk Ltd                                                                   | CUSIP: 000000000<br>LEI: 549300TSWFEC4DLPPH77 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $202973.80    | 0.00%             | 2029-02-14      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| ARABIAN CTRS SUKUK III                                                     | Arabian Centres Sukuk III Ltd                                                    | CUSIP: 000000000<br>LEI: 254900BZVZFBSA5NA163 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $203624.79    | 0.00%             | 2029-03-06      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NONGHYUP BANK                                                              | NongHyup Bank                                                                    | CUSIP: 65540KAJ4<br>LEI: 988400GSDJCW3LKJBD20 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $199437.99    | 0.00%             | 2027-07-06      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Procter & Gamble Co/The                                                    | Procter & Gamble Co/The                                                          | CUSIP: 742718ER6<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    120000 | PA      | $117439.01    | 0.00%             | 2026-11-03      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| ARCELORMITTAL                                                              | ArcelorMittal SA                                                                 | CUSIP: 03938LBC7<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $98751.70     | 0.00%             | 2029-07-16      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Enstar Group Ltd                                                           | Enstar Group Ltd                                                                 | CUSIP: 29359UAB5<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |    160000 | PA      | $160504.78    | 0.00%             | 2029-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                 | US Bancorp                                                                       | CUSIP: 91159HJC5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    475000 | PA      | $459006.09    | 0.01%             | 2028-01-27      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE/GLOBAL                                                    | Global Net Lease Inc / Global Net Lease Operating Partnership LP                 | CUSIP: 37892AAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |    150000 | PA      | $143251.04    | 0.00%             | 2027-12-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                            | Danske Bank A/S                                                                  | CUSIP: 23636ABK6<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    200000 | PA      | $201725.84    | 0.00%             | 2031-03-04      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| ABU DHABI COMMERCIAL BNK                                                   | Abu Dhabi Commercial Bank PJSC                                                   | CUSIP: 000000000<br>LEI: 213800RWVKKIRX1AUH58 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $199931.46    | 0.00%             | 2027-09-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ISDB TRUST NO 2                                                            | Isdb Trust Services NO 2 SARL                                                    | CUSIP: 000000000<br>LEI: 222100S88XMYHA1E3547 | Long             | DBT              | CORP              | LU        |    600000 | PA      | $612680.41    | 0.01%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                                                       | Boston Properties LP                                                             | CUSIP: 10112RAY0<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |    385000 | PA      | $376587.37    | 0.01%             | 2026-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| LD HOLDINGS GROUP LLC                                                      | LD Holdings Group LLC                                                            | CUSIP: 521088AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    114000 | PA      | $106863.50    | 0.00%             | 2027-11-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Eskom Holdings SOC Ltd.                                                    | Eskom Holdings SOC Ltd.                                                          | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    200000 | PA      | $195566.02    | 0.00%             | 2027-07-23      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| CASSA DEPOSITI E PRESTIT                                                   | Cassa Depositi e Prestiti SpA                                                    | CUSIP: 147918AC0<br>LEI: 81560029E2CE4D14F425 | Long             | DBT              | NUSS              | IT        |    500000 | PA      | $520460.76    | 0.01%             | 2029-04-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Hubbell Inc                                                                | Hubbell Inc                                                                      | CUSIP: 443510AH5<br>LEI: 54930088VDQ6840Y6597 | Long             | DBT              | CORP              | US        |    190000 | PA      | $184863.87    | 0.00%             | 2027-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| ONEOK Inc                                                                  | ONEOK Inc                                                                        | CUSIP: 682680AW3<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    240000 | PA      | $237806.03    | 0.01%             | 2029-03-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3133GEGN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    343551 | PA      | $313088.08    | 0.01%             | 2036-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE                                                   | Connect Finco SARL / Connect US Finco LLC                                        | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    585000 | PA      | $590719.20    | 0.01%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| FORD MOTOR COMPANY                                                         | Ford Motor Co                                                                    | CUSIP: 345370BY5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    140000 | PA      | $146718.23    | 0.00%             | 2028-10-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI                                                   | SMBC Aviation Capital Finance DAC                                                | CUSIP: 78448TAH5<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $203571.90    | 0.00%             | 2028-05-03      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ONEOK Inc                                                                  | ONEOK Inc                                                                        | CUSIP: 682680AS2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    145000 | PA      | $143692.94    | 0.00%             | 2027-07-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                            | CSAIL 2019-C18 Commercial Mortgage Trust                                         | CUSIP: 12597DAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $90076.66     | 0.00%             | 2052-12-15      | Variable      | 3.91%                 | No            |                  2 | On Loan: No      |
| Perusahaan Penerbit SBSN Indonesia III                                     | Perusahaan Penerbit SBSN Indonesia III                                           | CUSIP: 71567RAM8<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $201035.87    | 0.00%             | 2029-02-20      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PAV8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    795000 | PA      | $789632.77    | 0.02%             | 2029-07-23      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                | Oracle Corp                                                                      | CUSIP: 68389XCS2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    480000 | PA      | $474370.06    | 0.01%             | 2029-09-27      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT LIGHT & PWR                                                    | Connecticut Light and Power Co/The                                               | CUSIP: 207597ET8<br>LEI: 549300O45IUXEDS1VZ32 | Long             | DBT              | CORP              | US        |    130000 | PA      | $132279.22    | 0.00%             | 2030-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SKANDINAVISKA ENSKILDA                                                     | Skandinaviska Enskilda Banken AB                                                 | CUSIP: 830505BB8<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |    200000 | PA      | $205365.10    | 0.00%             | 2029-03-05      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| JAZZ SECURITIES DAC                                                        | Jazz Securities DAC                                                              | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |    450000 | PA      | $435395.81    | 0.01%             | 2029-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                                        | Gilead Sciences Inc                                                              | CUSIP: 375558CB7<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    185000 | PA      | $187882.27    | 0.00%             | 2029-11-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                                                   | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $130026.94    | 0.00%             | 2026-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| QNB FINANCE LTD                                                            | QNB Finance Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300MY0DXTHQEX5O57 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $404776.08    | 0.01%             | 2029-04-02      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress LLC                                                   | Duke Energy Progress LLC                                                         | CUSIP: 26442UAH7<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |    205000 | PA      | $198900.42    | 0.00%             | 2029-03-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                                           | Hewlett Packard Enterprise Co                                                    | CUSIP: 42824CBT5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    730000 | PA      | $725567.91    | 0.02%             | 2029-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                                               | CaixaBank SA                                                                     | CUSIP: 12803RAG9<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    245000 | PA      | $252644.58    | 0.01%             | 2030-03-15      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| AMER AIRLN 15-2 AA PTT                                                     | American Airlines 2015-2 Class AA Pass Through Trust                             | CUSIP: 02377BAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     91778 | PA      | $89324.88     | 0.00%             | 2027-09-22      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                     | UnitedHealth Group Inc                                                           | CUSIP: 91324PEZ1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151196.20    | 0.00%             | 2029-04-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CAISSE D'AMORT DETTE SOC                                                   | Caisse d'Amortissement de la Dette Sociale                                       | CUSIP: 12802D2Q8<br>LEI: 969500P04DQJS4BPM574 | Long             | DBT              | NUSS              | FR        |   1060000 | PA      | $1074542.41   | 0.02%             | 2029-05-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                          | State Street Corp                                                                | CUSIP: 857477CF8<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    300000 | PA      | $312083.15    | 0.01%             | 2029-11-21      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIAL LIFE                                                   | Equitable Financial Life Global Funding                                          | CUSIP: 29449WAF4<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |    225000 | PA      | $210022.74    | 0.00%             | 2028-03-08      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                                     | Mizuho Financial Group Inc                                                       | CUSIP: 60687YAK5<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    205000 | PA      | $202483.01    | 0.00%             | 2027-02-28      | Fixed         | 3.66%                 | No            |                  2 | On Loan: No      |
| UNITED OVERSEAS BANK LTD                                                   | United Overseas Bank Ltd                                                         | CUSIP: 91127KAH5<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $196628.11    | 0.00%             | 2032-10-07      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                     | UnitedHealth Group Inc                                                           | CUSIP: 91324PEY4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    310000 | PA      | $311010.93    | 0.01%             | 2027-04-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| GATX Corp                                                                  | GATX Corp                                                                        | CUSIP: 361448BE2<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    180000 | PA      | $180865.56    | 0.00%             | 2029-04-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP                                                     | Bunge Ltd Finance Corp                                                           | CUSIP: 120568BH2<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |    210000 | PA      | $211260.43    | 0.00%             | 2027-04-21      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| KRAKEN OIL & GAS PARTNER                                                   | Kraken Oil & Gas Partners LLC                                                    | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |    140000 | PA      | $137154.77    | 0.00%             | 2029-08-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| ILLUMINA INC                                                               | Illumina Inc                                                                     | CUSIP: 452327AQ2<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99981.63     | 0.00%             | 2026-09-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| NIAGARA MOHAWK POWER                                                       | Niagara Mohawk Power Corp                                                        | CUSIP: 65364UAL0<br>LEI: 3T97Y9RR5EN5Y18QHB56 | Long             | DBT              | CORP              | US        |    190000 | PA      | $187966.18    | 0.00%             | 2028-12-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                                                    | European Bank for Reconstruction & Development                                   | CUSIP: 29874QEX8<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |    850000 | PA      | $859128.08    | 0.02%             | 2028-03-09      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                     | Pacific Gas and Electric Co                                                      | CUSIP: 694308KB2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    115000 | PA      | $112211.44    | 0.00%             | 2029-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| STILLWATER MINING CO                                                       | Stillwater Mining Co                                                             | CUSIP: 000000000<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $182899.99    | 0.00%             | 2029-11-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Steelcase Inc                                                              | Steelcase Inc                                                                    | CUSIP: 858155AE4<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147992.99    | 0.00%             | 2029-01-18      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Realty Income Corp                                                         | Realty Income Corp                                                               | CUSIP: 756109AR5<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    220000 | PA      | $219052.68    | 0.00%             | 2026-10-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                                           | NTT Finance Corp                                                                 | CUSIP: 62954WAD7<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    220000 | PA      | $203971.66    | 0.00%             | 2028-04-03      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                                                   | Principal Life Global Funding II                                                 | CUSIP: 74256LEW5<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    265000 | PA      | $272412.81    | 0.01%             | 2028-06-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD                                                        | Macquarie Group Ltd                                                              | CUSIP: 55608JBC1<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |    120000 | PA      | $118729.05    | 0.00%             | 2028-06-21      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                                                     | Aviation Capital Group LLC                                                       | CUSIP: 05369AAA9<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    225000 | PA      | $218922.08    | 0.00%             | 2027-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                                                   | International Business Machines Corp                                             | CUSIP: 459200AR2<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41458.80     | 0.00%             | 2027-08-01      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| ALLIANCE RES OP/FINANCE                                                    | Alliance Resource Operating Partners LP / Alliance Resource Finance Corp         | CUSIP: 01879NAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $126970.08    | 0.00%             | 2029-06-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                       | M&T Bank Corp                                                                    | CUSIP: 55261FAZ7<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75077.23     | 0.00%             | 2035-07-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                   | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668AU6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    415000 | PA      | $412904.91    | 0.01%             | 2028-11-13      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BLOCK FINANCIAL LLC                                                        | Block Financial LLC                                                              | CUSIP: 093662AJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $159925.33    | 0.00%             | 2028-07-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| EPR PROPERTIES                                                             | EPR Properties                                                                   | CUSIP: 26884UAF6<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              |  | US        |    150000 | PA      | $142616.42    | 0.00%             | 2029-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STOR                                                          | Seagate Data Storage Technology Pte Ltd                                          | CUSIP: 81180LAK1<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    149000 | PA      | $142603.48    | 0.00%             | 2029-06-01      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                                    | United Rentals North America Inc                                                 | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    350000 | PA      | $356615.40    | 0.01%             | 2029-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                       | Mercedes-Benz Finance North America LLC                                          | CUSIP: 58769JAT4<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150620.48    | 0.00%             | 2026-07-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                                   | New York Life Global Funding                                                     | CUSIP: 64952WEY5<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    415000 | PA      | $420050.67    | 0.01%             | 2028-01-09      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                      | Toronto-Dominion Bank/The                                                        | CUSIP: 89115A3E0<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    375000 | PA      | $378761.06    | 0.01%             | 2028-01-31      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                  | Amgen Inc                                                                        | CUSIP: 031162DH0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    385000 | PA      | $379193.46    | 0.01%             | 2029-08-18      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                         | Energy Transfer LP                                                               | CUSIP: 29278NAG8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    420000 | PA      | $428380.76    | 0.01%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AERCAP SUKUK LTD                                                           | Aercap Sukuk Ltd/ Cayman Islands                                                 | CUSIP: 00782EAA1<br>LEI: 391200JQT9N8N6OA4N81 | Long             | DBT              | CORP              | KY        |    265000 | PA      | $259535.04    | 0.01%             | 2029-10-03      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS                                                   | Public Service Enterprise Group Inc                                              | CUSIP: 744573AW6<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    265000 | PA      | $275678.96    | 0.01%             | 2028-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140XFFW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2189301 | PA      | $1990208.85   | 0.04%             | 2036-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BANCO BTG PACTUAL/CAYMAN                                                   | Banco BTG Pactual SA/Cayman Islands                                              | CUSIP: 05971BAL3<br>LEI: 2549002JHJ73KGETOK78 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $200429.51    | 0.00%             | 2030-01-22      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS                                                   | First Abu Dhabi Bank PJSC                                                        | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $203365.01    | 0.00%             | 2029-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                                            | Sealed Air Corp                                                                  | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128102.66    | 0.00%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KFW                                                                        | Kreditanstalt fuer Wiederaufbau                                                  | CUSIP: 500769KJ2<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |      5000 | PA      | $4996.37      | 0.00%             | 2028-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                                        | CDW LLC / CDW Finance Corp                                                       | CUSIP: 12513GBK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $201266.53    | 0.00%             | 2030-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                     | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822BZ6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    490000 | PA      | $472960.50    | 0.01%             | 2027-10-13      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                                           | CSC Holdings LLC                                                                 | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    405000 | PA      | $392132.99    | 0.01%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC                                                       | Waste Management Inc                                                             | CUSIP: 94106LCC1<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202055.89    | 0.00%             | 2030-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| EPR Properties                                                             | EPR Properties                                                                   | CUSIP: 26884UAD1<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |    217000 | PA      | $215272.87    | 0.00%             | 2027-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KRAKATAU POSCO PT                                                          | Krakatau Posco PT                                                                | CUSIP: 000000000<br>LEI: 98450003F1F2D08D9C16 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $201396.67    | 0.00%             | 2029-06-11      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| STATE BANK INDIA/LONDON                                                    | State Bank of India/London                                                       | CUSIP: 000000000<br>LEI: 5493001JZ37UBBZF6L49 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $203181.42    | 0.00%             | 2029-11-25      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                          | HSBC Holdings PLC                                                                | CUSIP: 404280DR7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    805000 | PA      | $851422.74    | 0.02%             | 2028-11-03      | Fixed         | 7.39%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                   | European Investment Bank                                                         | CUSIP: 298785JU1<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |   3710000 | PA      | $3706807.99   | 0.08%             | 2028-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| INVENTIVE GLOBAL INV LTD                                                   | Inventive Global Investments Ltd                                                 | CUSIP: 000000000<br>LEI: 2221005EX2X7ALDBEA02 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $193382.61    | 0.00%             | 2026-09-01      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                                                   | Comision Federal de Electricidad                                                 | CUSIP: 000000000<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $199639.55    | 0.00%             | 2027-02-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust                         | GM Financial Consumer Automobile Receivables Trust 2023-2                        | CUSIP: 362583AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1308428 | PA      | $1308941.75   | 0.03%             | 2028-02-16      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| Arrow Electronics Inc                                                      | Arrow Electronics Inc                                                            | CUSIP: 042735BF6<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |    195000 | PA      | $190994.24    | 0.00%             | 2028-01-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                   | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668BT8<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    185000 | PA      | $182776.84    | 0.00%             | 2029-06-08      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                   | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175CQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    455000 | PA      | $474406.06    | 0.01%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| TCI Communications Inc                                                     | TCI Communications Inc                                                           | CUSIP: 872287AL1<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    200000 | PA      | $213089.94    | 0.00%             | 2028-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                                    | International Bank for Reconstruction & Development                              | CUSIP: 459058LN1<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   1535000 | PA      | $1528683.37   | 0.03%             | 2029-10-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SCRIPPS ESCROW INC                                                         | Scripps Escrow Inc                                                               | CUSIP: 81104PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $135000.00    | 0.00%             | 2027-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Mastercard Inc                                                             | Mastercard Inc                                                                   | CUSIP: 57636QAJ3<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54156.68     | 0.00%             | 2028-02-26      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL SECS CLEARING                                                     | National Securities Clearing Corp                                                | CUSIP: 637639AQ8<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |    240000 | PA      | $242629.08    | 0.01%             | 2030-05-20      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co/The                                                           | Coca-Cola Co/The                                                                 | CUSIP: 191216CE8<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    130000 | PA      | $127347.45    | 0.00%             | 2027-05-25      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                                                            | Chevron USA Inc                                                                  | CUSIP: 166756AZ9<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55228.44     | 0.00%             | 2027-02-26      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XDH6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    385000 | PA      | $363434.95    | 0.01%             | 2028-04-10      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                                        | NatWest Markets PLC                                                              | CUSIP: 63906YAJ7<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |    235000 | PA      | $241930.70    | 0.01%             | 2029-05-17      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                                                   | Encore Capital Group Inc                                                         | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    150000 | PA      | $158769.91    | 0.00%             | 2030-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                     | American Honda Finance Corp                                                      | CUSIP: 02665WFP1<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149824.46    | 0.00%             | 2026-10-05      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140EY3U3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8136 | PA      | $7980.42      | 0.00%             | 2031-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CLC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8339000 | PA      | $8363104.96   | 0.19%             | 2029-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Amphenol Corp                                                              | Amphenol Corp                                                                    | CUSIP: 032095AH4<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160294.75    | 0.00%             | 2029-06-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RESOURCES                                                    | Canadian Natural Resources Ltd                                                   | CUSIP: 136385AX9<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    457000 | PA      | $451535.43    | 0.01%             | 2027-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| AYDEM YENILENEBILIR ENER                                                   | Aydem Yenilenebilir Enerji AS                                                    | CUSIP: 000000000<br>LEI: 9845009C50EDA74OA532 | Long             | DBT              | CORP              | TR        |    180000 | PA      | $178377.02    | 0.00%             | 2027-02-02      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Simon Property Group LP                                                    | Simon Property Group LP                                                          | CUSIP: 828807DE4<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              |  | US        |    355000 | PA      | $347723.76    | 0.01%             | 2027-12-01      | Fixed         | 3.38%                 | 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        |       882 | NS      | $19845.00     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CONCENTRIX CORP                                                            | Concentrix Corp                                                                  | CUSIP: 20602DAB7<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |    275000 | PA      | $287980.46    | 0.01%             | 2028-08-02      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                                  | PG&E Corp                                                                        | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    265000 | PA      | $253874.04    | 0.01%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CENTRAL PLAZA DEV LTD                                                      | Central Plaza Development Ltd                                                    | CUSIP: 000000000<br>LEI: 254900HLDKFNM2WUVJ54 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $201333.36    | 0.00%             | 2029-04-07      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                                                   | International Business Machines Corp                                             | CUSIP: 459200KM2<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    313000 | PA      | $303183.67    | 0.01%             | 2027-02-09      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Edison International                                                       | Edison International                                                             | CUSIP: 281020AM9<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    115000 | PA      | $111514.02    | 0.00%             | 2028-03-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                                   | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $405394.68    | 0.01%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                                                    | Procter & Gamble Co/The                                                          | CUSIP: 742718FV6<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    245000 | PA      | $237213.61    | 0.01%             | 2027-02-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| ST ENGINEERING RHQ LTD                                                     | ST Engineering RHQ Ltd                                                           | CUSIP: 000000000<br>LEI: 25490014OV6DNV4XHI25 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $200304.09    | 0.00%             | 2030-05-08      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CKT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33094000 | PA      | $33771392.81  | 0.76%             | 2029-05-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 31307NT61<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3887141 | PA      | $3822703.76   | 0.09%             | 2029-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                                              | DTE Energy Co                                                                    | CUSIP: 233331BF3<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    100000 | PA      | $92908.68     | 0.00%             | 2030-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                   | Capital One Financial Corp                                                       | CUSIP: 14040HCH6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    512000 | PA      | $494758.90    | 0.01%             | 2027-11-02      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                                                    | Shell International Finance BV                                                   | CUSIP: 822582CB6<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    470000 | PA      | $465846.45    | 0.01%             | 2028-11-13      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                              | EchoStar Corp                                                                    | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1659632.50   | 0.04%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| TNB GLOBAL VENTURES CAP                                                    | TNB Global Ventures Capital Bhd                                                  | CUSIP: 000000000<br>LEI: 5493004U8XEGPFWIBZ14 | Long             | DBT              | CORP              | MY        |    200000 | PA      | $201185.54    | 0.00%             | 2028-11-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                               | Enbridge Inc                                                                     | CUSIP: 29250NBH7<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    297000 | PA      | $286971.36    | 0.01%             | 2026-10-04      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                  | Boeing Co/The                                                                    | CUSIP: 097023CN3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    205000 | PA      | $190331.52    | 0.00%             | 2030-02-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV                                                   | Asian Infrastructure Investment Bank/The                                         | CUSIP: 04522KAP1<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |    575000 | PA      | $587257.05    | 0.01%             | 2030-01-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                     | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822AJ3<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $196227.41    | 0.00%             | 2026-09-13      | Fixed         | 2.76%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                     | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406RBV8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    310000 | PA      | $316205.37    | 0.01%             | 2030-03-14      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| KBC GROUP NV                                                               | KBC Group NV                                                                     | CUSIP: 48241FAD6<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | DBT              | CORP              | BE        |    295000 | PA      | $296971.38    | 0.01%             | 2030-10-16      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| STATE GRID EUROPE DEVELO                                                   | State Grid Europe Development 2014 PLC                                           | CUSIP: 000000000<br>LEI: 529900B2DHSUP1S0V619 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $393337.05    | 0.01%             | 2027-04-07      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                                                    | Corebridge Global Funding                                                        | CUSIP: 00138CAV0<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    120000 | PA      | $124552.51    | 0.00%             | 2028-09-19      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS                                                     | Zimmer Biomet Holdings Inc                                                       | CUSIP: 98956PBA9<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125444.97    | 0.00%             | 2027-02-19      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                                                      | Northrop Grumman Corp                                                            | CUSIP: 666807CK6<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176497.08    | 0.00%             | 2029-02-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BAPCO ENERGIES BSCC                                                        | Bapco Energies BSC Closed                                                        | CUSIP: 67778NAA6<br>LEI: 549300OBH16L6TS6IW50 | Long             | DBT              | CORP              | BH        |    200000 | PA      | $205897.96    | 0.00%             | 2027-10-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                                                    | Corebridge Global Funding                                                        | CUSIP: 00138CBA5<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    130000 | PA      | $132577.00    | 0.00%             | 2029-06-24      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                           | Deutsche Bank AG/New York NY                                                     | CUSIP: 251526BN8<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    310000 | PA      | $307100.78    | 0.01%             | 2032-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                             | Sabre GLBL Inc                                                                   | CUSIP: 78573NAH5<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    100000 | PA      | $105284.17    | 0.00%             | 2027-12-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: —       |
| PROLOGIS TARGETED US                                                       | Prologis Targeted US Logistics Fund LP                                           | CUSIP: 74350LAA2<br>LEI: 5493004DTBWUQ9F2VJ87 | Long             | DBT              |  | US        |    140000 | PA      | $143395.20    | 0.00%             | 2029-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CJP7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21037000 | PA      | $21122462.81  | 0.48%             | 2026-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                          | State Street Corp                                                                | CUSIP: 857477BY8<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206162.97    | 0.00%             | 2028-11-04      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| TARGET CORP                                                                | Target Corp                                                                      | CUSIP: 87612EBU9<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55153.33     | 0.00%             | 2028-06-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Hexcel Corp                                                                | Hexcel Corp                                                                      | CUSIP: 428291AN8<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |    178000 | PA      | $176142.48    | 0.00%             | 2027-02-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                                                       | Michaels Cos Inc/The                                                             | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    350000 | PA      | $233879.75    | 0.01%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140EBHJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14814 | PA      | $14265.10     | 0.00%             | 2031-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SHANGHAI PORT GRP DEV CO                                                   | Shanghai Port Group BVI Development Co Ltd                                       | CUSIP: 000000000<br>LEI: 30030018E34GXWP2RS97 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $189787.69    | 0.00%             | 2029-09-11      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                 | US Bancorp                                                                       | CUSIP: 91159HJP6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    185000 | PA      | $189828.59    | 0.00%             | 2027-10-26      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                             | Sabre GLBL Inc                                                                   | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    134000 | PA      | $138010.70    | 0.00%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: —       |
| Oil India Ltd                                                              | Oil India Ltd                                                                    | CUSIP: 000000000<br>LEI: 335800XXEP14XISP1A16 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $202341.05    | 0.00%             | 2029-02-04      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CHINA RAILWAY XUNJIE                                                       | China Railway Xunjie Co Ltd                                                      | CUSIP: 000000000<br>LEI: 300300YS8XX94W7OT806 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $198070.22    | 0.00%             | 2027-07-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                               | Barclays PLC                                                                     | CUSIP: 06738ECY9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    590000 | PA      | $602608.48    | 0.01%             | 2031-02-25      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| PROVINCE OF ALBERTA                                                        | Province of Alberta Canada                                                       | CUSIP: 013051EV5<br>LEI: LQPXMHHNJKIPJYE53543 | Long             | DBT              | NUSS              | CA        |    495000 | PA      | $502013.89    | 0.01%             | 2029-06-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TELESAT CANADA/TELESAT L                                                   | Telesat Canada / Telesat LLC                                                     | CUSIP: 87952VAP1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     80000 | PA      | $49674.72     | 0.00%             | 2027-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| EQUITABLE FINANCIAL LIFE                                                   | Equitable Financial Life Global Funding                                          | CUSIP: 29449WAT4<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202539.12    | 0.00%             | 2030-03-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EQUITABLE AMERICA GLOBAL                                                   | Equitable America Global Funding                                                 | CUSIP: 29446Q2A0<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225656.57    | 0.01%             | 2028-06-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| KFW                                                                        | Kreditanstalt fuer Wiederaufbau                                                  | CUSIP: 500769JT2<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |   1500000 | PA      | $1473731.07   | 0.03%             | 2027-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Magyar Export-Import Bank Zrt                                              | Magyar Export-Import Bank Zrt                                                    | CUSIP: 000000000<br>LEI: 529900O4UGETQ9Q3AA63 | Long             | DBT              | NUSS              | HU        |    400000 | PA      | $409390.95    | 0.01%             | 2027-12-04      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                                    | Dell International LLC / EMC Corp                                                | CUSIP: 24703TAL0<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    240000 | PA      | $241869.16    | 0.01%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp                                                             | Starbucks Corp                                                                   | CUSIP: 855244AP4<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97938.03     | 0.00%             | 2028-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                        | American Tower Corp                                                              | CUSIP: 03027XCN8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    260000 | PA      | $262521.60    | 0.01%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                                                            | Sands China Ltd                                                                  | CUSIP: 80007RAN5<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |    245000 | PA      | $236001.11    | 0.01%             | 2027-03-08      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 31307NQJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     10396 | PA      | $10124.51     | 0.00%             | 2030-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                      | Toronto-Dominion Bank/The                                                        | CUSIP: 89115A2H4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    520000 | PA      | $523210.70    | 0.01%             | 2027-09-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| TAKE-TWO INTERACTIVE SOF                                                   | Take-Two Interactive Software Inc                                                | CUSIP: 874054AM1<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82222.91     | 0.00%             | 2029-06-12      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BK/NY                                                   | National Australia Bank Ltd/New York                                             | CUSIP: 63253QAG9<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |    250000 | PA      | $254361.19    | 0.01%             | 2029-01-10      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                  | Boeing Co/The                                                                    | CUSIP: 097023CA1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24075.92     | 0.00%             | 2028-11-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| TURKCELL ILETISIM HIZMET                                                   | Turkcell Iletisim Hizmetleri AS                                                  | CUSIP: 000000000<br>LEI: 7890003EX1LTLS2FFL84 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $205974.16    | 0.00%             | 2030-01-24      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| API GROUP DE INC                                                           | APi Group DE Inc                                                                 | CUSIP: 00185PAA9<br>LEI: 549300XP4G7B4QYA0G83 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48375.45     | 0.00%             | 2029-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE TELEKOM INT FIN                                                   | Deutsche Telekom International Finance BV                                        | CUSIP: 25156PAC7<br>LEI: 529900ERDFHS6C1M4U58 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $1172682.58   | 0.03%             | 2030-06-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132CWCE2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1776518 | PA      | $1701062.66   | 0.04%             | 2034-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Amazon.com Inc                                                             | Amazon.com Inc                                                                   | CUSIP: 023135BC9<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1246099.83   | 0.03%             | 2027-08-22      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                           | GGAM Finance Ltd                                                                 | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    150000 | PA      | $154635.00    | 0.00%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TEXTRON INC                                                                | Textron Inc                                                                      | CUSIP: 883203CB5<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185418.75    | 0.00%             | 2030-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS                                                   | First Abu Dhabi Bank PJSC                                                        | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $200378.41    | 0.00%             | 2029-01-29      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| KOREA NATIONAL OIL CORP                                                    | Korea National Oil Corp                                                          | CUSIP: 50066RAS5<br>LEI: 988400ZTQ08W926ONT36 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $192224.02    | 0.00%             | 2027-04-18      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                              | Citigroup Inc                                                                    | CUSIP: 172967QA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    640000 | PA      | $646143.98    | 0.01%             | 2031-05-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| NMI HOLDINGS                                                               | NMI Holdings Inc                                                                 | CUSIP: 629209AC1<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | DBT              | CORP              | US        |    105000 | PA      | $107306.95    | 0.00%             | 2029-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT                                                     | HAT Holdings I LLC / HAT Holdings II LLC                                         | CUSIP: 418751AL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | PA      | $295572.34    | 0.01%             | 2027-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                                                    | GA Global Funding Trust                                                          | CUSIP: 36143L2N4<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149457.31    | 0.00%             | 2027-09-23      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                                                   | Macquarie Airfinance Holdings Ltd                                                | CUSIP: 55609NAE8<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |     30000 | PA      | $29968.75     | 0.00%             | 2030-03-17      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                   | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668BB7<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98177.36     | 0.00%             | 2026-09-26      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                          | NatWest Group PLC                                                                | CUSIP: 639057AL2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $203059.01    | 0.00%             | 2028-03-01      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| CONSUMERS ENERGY CO                                                        | Consumers Energy Co                                                              | CUSIP: 210518DV5<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |    165000 | PA      | $167869.33    | 0.00%             | 2029-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CANADA GOVERNMENT                                                          | Canada Government International Bond                                             | CUSIP: 135087Q56<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |   1130000 | PA      | $1125506.06   | 0.03%             | 2028-04-26      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WEYERHAEUSER CO                                                            | Weyerhaeuser Co                                                                  | CUSIP: 962166BY9<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              |  | US        |    230000 | PA      | $224002.34    | 0.01%             | 2030-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK OP LLC                                                          | Healthpeak OP LLC                                                                | CUSIP: 42250PAC7<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              |  | US        |    115000 | PA      | $109771.46    | 0.00%             | 2027-02-01      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                                                       | WEC Energy Group Inc                                                             | CUSIP: 92939UAM8<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |     57000 | PA      | $57592.35     | 0.00%             | 2026-09-12      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                           | T-Mobile USA Inc                                                                 | CUSIP: 87264ADE2<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253026.05    | 0.01%             | 2029-01-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                                            | Sealed Air Corp                                                                  | CUSIP: 81211KAZ3<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    234000 | PA      | $224644.37    | 0.01%             | 2026-10-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| COPT DEFENSE PROP LP                                                       | COPT Defense Properties LP                                                       | CUSIP: 22003BAN6<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              |  | US        |    110000 | PA      | $100482.68    | 0.00%             | 2029-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                              | TransDigm Inc                                                                    | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    375000 | PA      | $366578.82    | 0.01%             | 2029-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                                                        | Ashtead Capital Inc                                                              | CUSIP: 045054AL7<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    115000 | PA      | $112297.33    | 0.00%             | 2029-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                                            | Gen Digital Inc                                                                  | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    270000 | PA      | $274623.87    | 0.01%             | 2027-09-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                     | Standard Chartered PLC                                                           | CUSIP: 853254CT5<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    505000 | PA      | $511583.12    | 0.01%             | 2027-07-06      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| OIL INDIA INTERNATIONAL                                                    | Oil India International Pte Ltd                                                  | CUSIP: 000000000<br>LEI: 529900MQ8CL8FLAGEQ79 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $197422.67    | 0.00%             | 2027-04-21      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JIC ZHIXIN LTD                                                             | JIC Zhixin Ltd                                                                   | CUSIP: 000000000<br>LEI: 635400KSR4PKISBWRJ22 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $195982.47    | 0.00%             | 2027-11-24      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PREMIER ENTERTAINMENT SU                                                   | Premier Entertainment Sub LLC / Premier Entertainment Finance Corp               | CUSIP: 74052HAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $132000.12    | 0.00%             | 2029-09-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW ZEALAND                                                        | Bank of New Zealand                                                              | CUSIP: 06407EAE5<br>LEI: N7LGVZM7X4UQ66T7LT74 | Long             | DBT              | CORP              | NZ        |    250000 | PA      | $242373.64    | 0.01%             | 2027-01-27      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                                               | Calpine Corp                                                                     | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    420000 | PA      | $417946.59    | 0.01%             | 2028-03-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                  | Sunoco LP                                                                        | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    210000 | PA      | $218073.60    | 0.00%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                                   | RTX Corp                                                                         | CUSIP: 75513ECU3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    230000 | PA      | $239983.43    | 0.01%             | 2029-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                                                    | America Movil SAB de CV                                                          | CUSIP: 02364WBJ3<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $183940.00    | 0.00%             | 2030-05-07      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                | BNP Paribas SA                                                                   | CUSIP: 05581KAF8<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    530000 | PA      | $540690.34    | 0.01%             | 2029-06-12      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| MUTUAL OF OMAHA GLOBAL                                                     | Mutual of Omaha Cos Global Funding                                               | CUSIP: 62829D2B5<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |     95000 | PA      | $97417.75     | 0.00%             | 2028-12-12      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                                           | ABN AMRO Bank NV                                                                 | CUSIP: 00084DBH2<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $199170.47    | 0.00%             | 2028-07-07      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                          | Iron Mountain Inc                                                                | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    385000 | PA      | $378402.51    | 0.01%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp                                                            | McDonald's Corp                                                                  | CUSIP: 58013MFB5<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    380000 | PA      | $375028.02    | 0.01%             | 2027-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                                   | Permian Resources Operating LLC                                                  | CUSIP: 27034RAA1<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    190000 | PA      | $194202.05    | 0.00%             | 2027-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                    | Bristol-Myers Squibb Co                                                          | CUSIP: 110122EE4<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    190000 | PA      | $191906.02    | 0.00%             | 2027-02-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO                                                   | Jaguar Land Rover Automotive PLC                                                 | CUSIP: 47010BAK0<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |    175000 | PA      | $175608.14    | 0.00%             | 2028-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138EQ6P2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5493 | PA      | $5411.93      | 0.00%             | 2029-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140GT5R7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20461 | PA      | $20002.06     | 0.00%             | 2032-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Nvent Finance Sarl                                                         | nVent Finance Sarl                                                               | CUSIP: 67078AAD5<br>LEI: 549300KO1OQ4MVFB6X02 | Long             | DBT              | CORP              | LU        |    210000 | PA      | $208705.05    | 0.00%             | 2028-04-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                                     | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $229922.62    | 0.01%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                                                      | Indonesia Government International Bond                                          | CUSIP: 455780CK0<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $193326.36    | 0.00%             | 2029-09-18      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                                       | Tencent Holdings Ltd                                                             | CUSIP: 88032XAN4<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | KY        |    800000 | PA      | $789884.37    | 0.02%             | 2029-04-11      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFIN CORP                                                       | Parker-Hannifin Corp                                                             | CUSIP: 701094AR5<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |    505000 | PA      | $504452.28    | 0.01%             | 2027-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                                     | Turkiye Government International Bonds                                           | CUSIP: 900123DJ6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $222535.47    | 0.01%             | 2030-07-13      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                      | Toronto-Dominion Bank/The                                                        | CUSIP: 89115A3A8<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    450000 | PA      | $450783.18    | 0.01%             | 2026-12-17      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                                   | RTX Corp                                                                         | CUSIP: 75513EAD3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22508.00     | 0.00%             | 2030-07-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| SINGTEL GROUP TREASURY                                                     | SingTel Group Treasury Pte Ltd                                                   | CUSIP: 000000000<br>LEI: 2549002FQJ4364A54N70 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $179151.58    | 0.00%             | 2030-06-10      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RAILWAY                                                      | Canadian National Railway Co                                                     | CUSIP: 136375BD3<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | DBT              | CORP              | CA        |    185000 | PA      | $198028.87    | 0.00%             | 2028-07-15      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                                     | Sempra                                                                           | CUSIP: 816851BP3<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    165000 | PA      | $160048.21    | 0.00%             | 2029-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                               | US Foods Inc                                                                     | CUSIP: 90290MAG6<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    175000 | PA      | $180164.87    | 0.00%             | 2028-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                         | BMO 2025-5C10 Mortgage Trust                                                     | CUSIP: 05615BAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    450000 | PA      | $464107.61    | 0.01%             | 2058-05-15      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| KOREA GAS CORP                                                             | Korea Gas Corp                                                                   | CUSIP: 50066CAP4<br>LEI: 988400TFZILHBD5M3R71 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $189272.96    | 0.00%             | 2029-07-16      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                                       | Keurig Dr Pepper Inc                                                             | CUSIP: 49271VAT7<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    190000 | PA      | $193275.47    | 0.00%             | 2029-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                                                      | McGraw-Hill Education Inc                                                        | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    265000 | PA      | $264167.32    | 0.01%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                                       | Flutter Treasury DAC                                                             | CUSIP: 344045AA7<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    220000 | PA      | $226257.13    | 0.01%             | 2029-04-29      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                 | Fiserv Inc                                                                       | CUSIP: 337738BC1<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    300000 | PA      | $273510.36    | 0.01%             | 2030-06-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| TURKIYE VAKIFLAR BANKASI                                                   | Turkiye Vakiflar Bankasi TAO                                                     | CUSIP: 000000000<br>LEI: 789000KAIHOLSQKQ9858 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $213507.10    | 0.00%             | 2028-10-12      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                               | Comcast Corp                                                                     | CUSIP: 20030NDA6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    480000 | PA      | $444138.24    | 0.01%             | 2030-02-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| SANOFI SA                                                                  | Sanofi SA                                                                        | CUSIP: 801060AD6<br>LEI: 549300E9PC51EN656011 | Long             | DBT              | CORP              | FR        |     15000 | PA      | $14797.74     | 0.00%             | 2028-06-19      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT BK OF JAPAN                                                    | Development Bank of Japan Inc                                                    | CUSIP: 25159MBM8<br>LEI: 5493001HGBABMWFZUI25 | Long             | DBT              | NUSS              | JP        |    300000 | PA      | $304326.29    | 0.01%             | 2029-04-10      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                      | Toronto-Dominion Bank/The                                                        | CUSIP: 89115KAD2<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $200907.15    | 0.00%             | 2028-06-02      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Card issuance Trust                                            | WF Card Issuance Trust                                                           | CUSIP: 92970QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1009823.89   | 0.02%             | 2029-02-15      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                   | Avolon Holdings Funding Ltd                                                      | CUSIP: 05401AAX9<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    195000 | PA      | $196362.47    | 0.00%             | 2030-01-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                    | BPCE SA                                                                          | CUSIP: 05578AAN8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    310000 | PA      | $287525.27    | 0.01%             | 2029-10-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| PITNEY BOWES INC                                                           | Pitney Bowes Inc                                                                 | CUSIP: 724479AP5<br>LEI: 549300N2O26NW4ST6W55 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120233.22    | 0.00%             | 2027-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| C&S GROUP ENTERPRISES LL                                                   | C&S Group Enterprises LLC                                                        | CUSIP: 12467AAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $120661.28    | 0.00%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OFFICE PROP INCOME TRUST                                                   | OFFICE PROP INCOME TRUST                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       690 | NS      | $165.60       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                       | OneMain Finance Corp                                                             | CUSIP: 85172FAQ2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    235000 | PA      | $240583.64    | 0.01%             | 2028-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| S&P GLOBAL INC                                                             | S&P Global Inc                                                                   | CUSIP: 78409VAP9<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    150000 | PA      | $139203.84    | 0.00%             | 2029-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                                                 | Humana Inc                                                                       | CUSIP: 444859BZ4<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129434.86    | 0.00%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                                                        | FS KKR Capital Corp                                                              | CUSIP: 302635AL1<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144099.58    | 0.00%             | 2027-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| EQUATE PETROCHEMICAL CO                                                    | EQUATE Petrochemical Co KSC                                                      | CUSIP: 000000000<br>LEI: 635400J73BDO4TTGXD45 | Long             | DBT              | CORP              | KW        |    400000 | PA      | $397253.09    | 0.01%             | 2026-11-03      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DIB TIER 1 SUKUK                                                           | DIB Tier 1 Sukuk 5 Ltd                                                           | CUSIP: 000000000<br>LEI: 5493008C0EW2LHRN0275 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $192549.84    | 0.00%             | 2026-10-19      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                                   | Penske Truck Leasing Co Lp / PTL Finance Corp                                    | CUSIP: 709599BS2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $266402.46    | 0.01%             | 2028-02-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                           | Crown Castle Inc                                                                 | CUSIP: 22822VAK7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    486000 | PA      | $476244.76    | 0.01%             | 2028-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| KUWAIT PROJECTS CO SPC L                                                   | Kuwait Projects Co SPC Ltd                                                       | CUSIP: 000000000<br>LEI: 254900BQTJEWBK1TAN59 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $187678.19    | 0.00%             | 2027-02-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                                               | CaixaBank SA                                                                     | CUSIP: 12803RAA2<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    380000 | PA      | $393460.14    | 0.01%             | 2029-01-18      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| CNA Financial Corp                                                         | CNA Financial Corp                                                               | CUSIP: 126117AU4<br>LEI: 549300YX2GSZD7YG1R84 | Long             | DBT              | CORP              | US        |    235000 | PA      | $230532.14    | 0.01%             | 2027-08-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| GEOPARK LTD                                                                | Geopark Ltd                                                                      | CUSIP: 000000000<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | BM        |    400000 | PA      | $347200.31    | 0.01%             | 2030-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                        | Fifth Third Bancorp                                                              | CUSIP: 316773DM9<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201725.22    | 0.00%             | 2030-09-06      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CMHI FINANCE BVI CO LTD                                                    | CMHI Finance BVI Co Ltd                                                          | CUSIP: 000000000<br>LEI: 549300KTVUL1BXLNPZ11 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $198512.90    | 0.00%             | 2027-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                                         | Kennedy-Wilson Inc                                                               | CUSIP: 489399AN5<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |    175000 | PA      | $161104.22    | 0.00%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                                             | Open Text Corp                                                                   | CUSIP: 683715AD8<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    255000 | PA      | $238674.11    | 0.01%             | 2029-12-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                   | Avolon Holdings Funding Ltd                                                      | CUSIP: 05401AAS0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    305000 | PA      | $317061.75    | 0.01%             | 2028-05-04      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                  | Amgen Inc                                                                        | CUSIP: 031162DQ0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    830000 | PA      | $853159.50    | 0.02%             | 2030-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MEG ENERGY CORP                                                            | MEG Energy Corp                                                                  | CUSIP: 552704AF5<br>LEI: 5493002WXPTG5ZC1T326 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $200051.01    | 0.00%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JPN BANK FOR INT'L COOP                                                    | Japan Bank for International Cooperation                                         | CUSIP: 471048BM9<br>LEI: 549300TJ3QFYVCTSCJ29 | Long             | DBT              | NUSS              | JP        |    875000 | PA      | $853627.78    | 0.02%             | 2027-07-21      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                     | American Honda Finance Corp                                                      | CUSIP: 02665WFT3<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    205000 | PA      | $205057.19    | 0.00%             | 2027-10-22      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                                                       | Cornerstone Building Brands Inc                                                  | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |    150000 | PA      | $137732.29    | 0.00%             | 2029-08-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ENOVA INTERNATIONAL INC                                                    | Enova International Inc                                                          | CUSIP: 29357KAH6<br>LEI: 549300O8XOCQSB49UO63 | Long             | DBT              | CORP              | US        |    120000 | PA      | $128164.11    | 0.00%             | 2028-12-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| PROGRESSIVE CORP                                                           | Progressive Corp/The                                                             | CUSIP: 743315AW3<br>LEI: 529900TACNVLY9DCR586 | Long             | DBT              | CORP              | US        |    140000 | PA      | $133109.91    | 0.00%             | 2030-03-26      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                                          | Brown & Brown Inc                                                                | CUSIP: 115236AH4<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150192.75    | 0.00%             | 2026-12-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                   | Avolon Holdings Funding Ltd                                                      | CUSIP: 05401AAZ4<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    225000 | PA      | $228769.93    | 0.01%             | 2030-05-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 9128282A7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14000000 | PA      | $13622656.32  | 0.31%             | 2026-08-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP                                                            | Nordea Bank Abp                                                                  | CUSIP: 65558RAJ8<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |    200000 | PA      | $200163.91    | 0.00%             | 2029-09-10      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CGT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4043000 | PA      | $4016467.81   | 0.09%             | 2028-03-31      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                                     | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAB1<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    350000 | PA      | $357011.24    | 0.01%             | 2030-04-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PEQ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    785000 | PA      | $786064.75    | 0.02%             | 2030-10-22      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                   | Service Properties Trust                                                         | CUSIP: 81761LAD4<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    210000 | PA      | $218094.95    | 0.00%             | 2029-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138YNL62<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     86252 | PA      | $83902.09     | 0.00%             | 2030-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MUTUAL OF OMAHA GLOBAL                                                     | Mutual of Omaha Cos Global Funding                                               | CUSIP: 62829D2F6<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |    145000 | PA      | $146916.85    | 0.00%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                                   | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $196105.37    | 0.00%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                                    | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAD7<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    115000 | PA      | $103929.61    | 0.00%             | 2028-09-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| BIO-RAD LABS                                                               | Bio-Rad Laboratories Inc                                                         | CUSIP: 090572AR9<br>LEI: 549300ZC1GPV35XYDK53 | Long             | DBT              | CORP              | US        |    190000 | PA      | $186054.20    | 0.00%             | 2027-03-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                                                   | Duke Energy Progress LLC                                                         | CUSIP: 26442UAT1<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45083.55     | 0.00%             | 2027-03-06      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                       | Glencore Funding LLC                                                             | CUSIP: 378272BN7<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    180000 | PA      | $187706.62    | 0.00%             | 2028-10-06      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                                                    | Arthur J Gallagher & Co                                                          | CUSIP: 04316JAL3<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    260000 | PA      | $262298.75    | 0.01%             | 2029-12-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Meritage Homes Corp                                                        | Meritage Homes Corp                                                              | CUSIP: 59001ABA9<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |    115000 | PA      | $115557.06    | 0.00%             | 2027-06-06      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                               | UBS Group AG                                                                     | CUSIP: 902613AP3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    380000 | PA      | $381077.06    | 0.01%             | 2028-05-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                                    | American Electric Power Co Inc                                                   | CUSIP: 025537AU5<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    239000 | PA      | $230554.45    | 0.01%             | 2062-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NEDER WATERSCHAPSBANK                                                      | Nederlandse Waterschapsbank NV                                                   | CUSIP: 63983TEH4<br>LEI: JLP5FSPH9WPSHY3NIM24 | Long             | DBT              | NUSS              | NL        |    300000 | PA      | $299922.97    | 0.01%             | 2028-06-01      | Fixed         | 4.00%                 | 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        |       608 | NS      | $13680.00     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| National Fuel Gas Co                                                       | National Fuel Gas Co                                                             | CUSIP: 636180BP5<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34862.90     | 0.00%             | 2028-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                                                    | KeyCorp                                                                          | CUSIP: 49326EEK5<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    215000 | PA      | $206877.14    | 0.00%             | 2027-04-06      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                                                   | CenterPoint Energy Houston Electric LLC                                          | CUSIP: 15189XBD9<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    210000 | PA      | $215288.97    | 0.00%             | 2028-10-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                                                           | DT Midstream Inc                                                                 | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $337301.04    | 0.01%             | 2029-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK                                                   | African Development Bank                                                         | CUSIP: 00828EFF1<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | XX        |    675000 | PA      | $675371.74    | 0.02%             | 2030-03-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                   | European Investment Bank                                                         | CUSIP: 298785KF2<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |   1300000 | PA      | $1289674.14   | 0.03%             | 2029-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                        | Southern California Edison Co                                                    | CUSIP: 842400HY2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    185000 | PA      | $189253.00    | 0.00%             | 2028-10-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                        | Elevance Health Inc                                                              | CUSIP: 036752AG8<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    470000 | PA      | $466357.74    | 0.01%             | 2028-03-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| CNA Financial Corp                                                         | CNA Financial Corp                                                               | CUSIP: 126117AV2<br>LEI: 549300YX2GSZD7YG1R84 | Long             | DBT              | CORP              | US        |    110000 | PA      | $107374.46    | 0.00%             | 2029-05-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                                            | McDonald's Corp                                                                  | CUSIP: 58013MFX7<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    220000 | PA      | $224791.66    | 0.01%             | 2029-05-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITADEL LP                                                                 | Citadel LP                                                                       | CUSIP: 17288XAB0<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79751.64     | 0.00%             | 2027-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140QGXT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1806564 | PA      | $1650579.51   | 0.04%             | 2036-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                                                    | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327BAB6<br>LEI: N/A                  | Long             | DBT              |  | US        |    170000 | PA      | $165005.12    | 0.00%             | 2028-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WISCONSIN POWER & LIGHT                                                    | Wisconsin Power and Light Co                                                     | CUSIP: 976826BL0<br>LEI: JWBYHVQVMY66CVCOSO49 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9721.62      | 0.00%             | 2027-10-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                                               | Stryker Corp                                                                     | CUSIP: 863667BE0<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    185000 | PA      | $183902.61    | 0.00%             | 2029-09-11      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                  | Boeing Co/The                                                                    | CUSIP: 097023CD5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    320000 | PA      | $304687.36    | 0.01%             | 2029-03-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| KSA Sukuk Ltd                                                              | KSA Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 635400XBJFPNCGN9CK71 | Long             | DBT              | NUSS              | KY        |   1600000 | PA      | $1575407.60   | 0.04%             | 2027-04-20      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                                              | FirstCash Inc                                                                    | CUSIP: 31944TAA8<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148581.74    | 0.00%             | 2030-01-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                                                   | Citizens Financial Group Inc                                                     | CUSIP: 174610AS4<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |     75000 | PA      | $68071.33     | 0.00%             | 2030-02-06      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GLOBE TELECOM INC                                                          | Globe Telecom Inc                                                                | CUSIP: 000000000<br>LEI: 254900GPWI1816YIM923 | Long             | DBT              | CORP              | PH        |    200000 | PA      | $197258.87    | 0.00%             | 2026-08-02      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                                                    | American National Group Inc                                                      | CUSIP: 025676AM9<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |     51000 | PA      | $51149.34     | 0.00%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ADOBE INC                                                                  | Adobe Inc                                                                        | CUSIP: 00724PAF6<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | DBT              | CORP              | US        |    235000 | PA      | $239793.36    | 0.01%             | 2029-04-04      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| RIYAD TIER 1 SUKUK                                                         | Riyad Tier 1 Sukuk Ltd                                                           | CUSIP: 000000000<br>LEI: 5493000887R2TI3PUB86 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $192291.57    | 0.00%             | 2027-02-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK                                                   | African Development Bank                                                         | CUSIP: 00828EFD6<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | XX        |    590000 | PA      | $578926.03    | 0.01%             | 2029-09-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                           | CSC Holdings LLC                                                                 | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    595000 | PA      | $556497.34    | 0.01%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                                   | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAT4<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    105000 | PA      | $101289.08    | 0.00%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                                                      | Bath & Body Works Inc                                                            | CUSIP: 501797AQ7<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |     95000 | PA      | $97371.16     | 0.00%             | 2027-01-15      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| TAKE-TWO INTERACTIVE SOF                                                   | Take-Two Interactive Software Inc                                                | CUSIP: 874054AG4<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |    297000 | PA      | $293338.87    | 0.01%             | 2027-04-14      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Willis North America Inc                                                   | Willis North America Inc                                                         | CUSIP: 970648AG6<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |    205000 | PA      | $205296.60    | 0.00%             | 2028-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                                           | Duke Energy Corp                                                                 | CUSIP: 26441CBE4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144166.40    | 0.00%             | 2029-06-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                                                     | Republic of Uzbekistan International Bond                                        | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    200000 | PA      | $197094.63    | 0.00%             | 2029-02-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| VULCAN MATERIALS CO                                                        | Vulcan Materials Co                                                              | CUSIP: 929160AZ2<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |    200000 | PA      | $190296.49    | 0.00%             | 2030-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                                     | Romania Government International Bonds                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    400000 | PA      | $387269.83    | 0.01%             | 2027-02-27      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PUGET ENERGY INC                                                           | Puget Energy Inc                                                                 | CUSIP: 745310AM4<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |    145000 | PA      | $136261.20    | 0.00%             | 2028-06-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                                         | Regal Rexnord Corp                                                               | CUSIP: 758750AN3<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    310000 | PA      | $324617.55    | 0.01%             | 2030-02-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                         | BMO 2024-5C6 Mortgage Trust                                                      | CUSIP: 05593QAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $507003.90    | 0.01%             | 2057-09-15      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| VERALTO CORP                                                               | Veralto Corp                                                                     | CUSIP: 92338CAD5<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |    265000 | PA      | $271693.45    | 0.01%             | 2028-09-18      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Republic Services Inc                                                      | Republic Services Inc                                                            | CUSIP: 760759AS9<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63769.67     | 0.00%             | 2027-11-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                                              | Aircastle Ltd                                                                    | CUSIP: 00928QAY7<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    150000 | PA      | $155192.16    | 0.00%             | 2029-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2016-1 AA PTT                                                   | United Airlines 2016-1 Class AA Pass Through Trust                               | CUSIP: 90931LAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     14447 | PA      | $13782.86     | 0.00%             | 2028-07-07      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46625HRV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    910000 | PA      | $896488.16    | 0.02%             | 2026-10-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| BONOS BANCO CENT ARGENT                                                    | Bonos Para La Reconstruccion De Una Argentina Libre                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |    200000 | PA      | $159471.64    | 0.00%             | 2028-10-31      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AIRPORT AUTHORITY HK                                                       | Airport Authority                                                                | CUSIP: 00946AAG9<br>LEI: 254900748HGC4RBR4O84 | Long             | DBT              | NUSS              | HK        |    400000 | PA      | $404328.01    | 0.01%             | 2028-01-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                               | Broadcom Inc                                                                     | CUSIP: 11135FCB5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    455000 | PA      | $451746.28    | 0.01%             | 2030-02-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                                                       | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAA0<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    170000 | PA      | $171373.38    | 0.00%             | 2027-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                                                       | Michaels Cos Inc/The                                                             | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    255000 | PA      | $203775.28    | 0.00%             | 2028-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BK OF COMMUNICATIONS/HK                                                    | Bank of Communications Co Ltd/Hong Kong                                          | CUSIP: 000000000<br>LEI: 549300AX1UM10U30HK09 | Long             | DBT              | CORP              | CN        |    400000 | PA      | $400126.64    | 0.01%             | 2027-08-01      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS INC                                                   | BroadStreet Partners Inc                                                         | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |    225000 | PA      | $223453.28    | 0.01%             | 2029-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                                                     | GE HealthCare Technologies Inc                                                   | CUSIP: 36266GAA5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    285000 | PA      | $288251.53    | 0.01%             | 2029-08-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                     | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KCM0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    370000 | PA      | $373981.68    | 0.01%             | 2028-02-28      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp                                                         | Union Pacific Corp                                                               | CUSIP: 907818EY0<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    385000 | PA      | $381649.24    | 0.01%             | 2028-09-10      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| RALPH LAUREN CORP                                                          | Ralph Lauren Corp                                                                | CUSIP: 731572AB9<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | DBT              | CORP              | US        |    200000 | PA      | $186453.38    | 0.00%             | 2030-06-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                                            | Cigna Group/The                                                                  | CUSIP: 125523CB4<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    489000 | PA      | $481258.09    | 0.01%             | 2027-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                                                   | Sabine Pass Liquefaction LLC                                                     | CUSIP: 785592AV8<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    157000 | PA      | $157879.94    | 0.00%             | 2026-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ABQ FINANCE                                                                | ABQ Finance Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300EKNBMBS9DNYE37 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $201907.65    | 0.00%             | 2030-03-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SAGICOR FINANCIAL CO                                                       | Sagicor Financial Co Ltd                                                         | CUSIP: 78669QAA8<br>LEI: 984500P7FADAA3A50B04 | Long             | DBT              | CORP              | BM        |    200000 | PA      | $199514.28    | 0.00%             | 2028-05-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                                   | New York Life Global Funding                                                     | CUSIP: 64952WFF5<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    295000 | PA      | $298229.75    | 0.01%             | 2029-01-29      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| EOG RESOURCES INC                                                          | EOG Resources Inc                                                                | CUSIP: 26875PAU5<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    230000 | PA      | $229008.28    | 0.01%             | 2030-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                            | CVS Health Corp                                                                  | CUSIP: 126650DM9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    727000 | PA      | $680544.73    | 0.02%             | 2027-08-21      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| DOHA FINANCE LIMITED                                                       | Doha Finance Ltd                                                                 | CUSIP: 000000000<br>LEI: 549300C2SXK7TLB4RX62 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $202602.78    | 0.00%             | 2029-03-12      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| REC LTD                                                                    | REC Ltd                                                                          | CUSIP: 000000000<br>LEI: 335800B4YRYWAMIJZ374 | Long             | DBT              | CORP              | IN        |    400000 | PA      | $393595.08    | 0.01%             | 2027-07-07      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                     | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KAT7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    635000 | PA      | $625192.68    | 0.01%             | 2027-05-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd                                                        | Macquarie Group Ltd                                                              | CUSIP: 55608JAN8<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |     10000 | PA      | $9995.32      | 0.00%             | 2029-03-27      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds                          | Republic of Poland Government International Bonds                                | CUSIP: 857524AD4<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    600000 | PA      | $618125.14    | 0.01%             | 2027-11-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DEXIA                                                                      | Dexia SA                                                                         | CUSIP: 25214BBD5<br>LEI: F4G136OIPBYND1F41110 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $255352.92    | 0.01%             | 2030-01-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                                        | Synchrony Financial                                                              | CUSIP: 87165BAV5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    230000 | PA      | $236088.22    | 0.01%             | 2030-08-02      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEM                                                   | Advanced Drainage Systems Inc                                                    | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152136.17    | 0.00%             | 2030-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                                               | ING Groep NV                                                                     | CUSIP: 456837BF9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $203046.22    | 0.00%             | 2027-09-11      | Fixed         | 6.08%                 | No            |                  2 | On Loan: No      |
| KSA Sukuk Ltd.                                                             | KSA Sukuk Ltd.                                                                   | CUSIP: 000000000<br>LEI: 635400XBJFPNCGN9CK71 | Long             | DBT              | NUSS              | KY        |    800000 | PA      | $819669.64    | 0.02%             | 2028-10-25      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                                          | Eversource Energy                                                                | CUSIP: 30040WAT5<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    575000 | PA      | $587589.46    | 0.01%             | 2028-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                                       | Westpac Banking Corp                                                             | CUSIP: 961214FT5<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    255000 | PA      | $261659.27    | 0.01%             | 2029-04-16      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| UDR INC                                                                    | UDR Inc                                                                          | CUSIP: 90265EAQ3<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |    200000 | PA      | $189335.64    | 0.00%             | 2030-01-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                         | Energy Transfer LP                                                               | CUSIP: 29273RBK4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    305000 | PA      | $303111.95    | 0.01%             | 2027-04-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CES6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $23974609.50  | 0.54%             | 2029-05-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138ER6H8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    129956 | PA      | $126032.73    | 0.00%             | 2032-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                                                | Walmart Inc                                                                      | CUSIP: 931142FB4<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    305000 | PA      | $304001.37    | 0.01%             | 2028-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| JABIL INC                                                                  | Jabil Inc                                                                        | CUSIP: 466313AM5<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |    227000 | PA      | $225619.46    | 0.01%             | 2027-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Asian Development Bank                                                     | Asian Development Bank                                                           | CUSIP: 045167AW3<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    110000 | PA      | $115401.96    | 0.00%             | 2028-06-16      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                                            | McDonald's Corp                                                                  | CUSIP: 58013MFQ2<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24117.28     | 0.00%             | 2030-07-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                                          | Rakuten Group Inc                                                                | CUSIP: 75102WAG3<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    555000 | PA      | $601346.18    | 0.01%             | 2027-02-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE CORP                                                       | Protective Life Corp                                                             | CUSIP: 743674BE2<br>LEI: 549300ZWIT8J8Y2EXL07 | Long             | DBT              | CORP              | US        |     90000 | PA      | $85404.76     | 0.00%             | 2030-01-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                       | Mercedes-Benz Finance North America LLC                                          | CUSIP: 58769JAG2<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    360000 | PA      | $363237.95    | 0.01%             | 2028-03-30      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AutoNation Inc                                                             | AutoNation Inc                                                                   | CUSIP: 05329WAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9815.69      | 0.00%             | 2027-11-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                                             | CVR Energy Inc                                                                   | CUSIP: 12662PAD0<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    135000 | PA      | $129699.70    | 0.00%             | 2028-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                       | Mercedes-Benz Finance North America LLC                                          | CUSIP: 233851EA8<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    150000 | PA      | $137526.08    | 0.00%             | 2030-03-10      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                                               | Stryker Corp                                                                     | CUSIP: 863667AY7<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    250000 | PA      | $222412.04    | 0.01%             | 2030-06-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| SMURFIT KAPPA TREASURY                                                     | Smurfit Kappa Treasury ULC                                                       | CUSIP: 83272GAD3<br>LEI: 635400B3DOXSWFOWJT40 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $205020.90    | 0.00%             | 2030-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| DXC TECHNOLOGY CO                                                          | DXC Technology Co                                                                | CUSIP: 23355LAL0<br>LEI: 549300DOVZ3EDJB7O259 | Long             | DBT              | CORP              | US        |    235000 | PA      | $227448.78    | 0.01%             | 2026-09-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                                    | Imperial Brands Finance PLC                                                      | CUSIP: 45262BAB9<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $296867.96    | 0.01%             | 2026-07-26      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VESTEL ELEKTRONIK SANAYI                                                   | Vestel Elektronik Sanayi ve Ticaret AS                                           | CUSIP: 000000000<br>LEI: 789000X20ITI3ANQEL70 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $163582.87    | 0.00%             | 2029-05-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                     | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KDG2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    280000 | PA      | $282967.17    | 0.01%             | 2028-02-04      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                                   | iHeartCommunications Inc                                                         | CUSIP: 45174HBL0<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    216000 | PA      | $108043.06    | 0.00%             | 2030-05-01      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                | BNP Paribas SA                                                                   | CUSIP: 09659W2F0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    590000 | PA      | $587560.96    | 0.01%             | 2028-08-14      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                                          | Eversource Energy                                                                | CUSIP: 30040WAN8<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    125000 | PA      | $120808.49    | 0.00%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                                                     | NXP BV / NXP Funding LLC / NXP USA Inc                                           | CUSIP: 62954HAY4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    300000 | PA      | $283793.67    | 0.01%             | 2030-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BOSTON SCIENTIFIC CORP                                                     | Boston Scientific Corp                                                           | CUSIP: 101137BA4<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | DBT              | CORP              | US        |    350000 | PA      | $322614.43    | 0.01%             | 2030-06-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                                                   | Macquarie Airfinance Holdings Ltd                                                | CUSIP: 55609NAB4<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    210000 | PA      | $219240.98    | 0.00%             | 2029-03-30      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| HLF FIN SARL LLC/HERBALI                                                   | HLF Financing Sarl LLC / Herbalife International Inc                             | CUSIP: 40390DAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $267211.82    | 0.01%             | 2029-04-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COLORADO                                                    | Public Service Co of Colorado                                                    | CUSIP: 744448CP4<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64015.72     | 0.00%             | 2028-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                                   | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $124642.18    | 0.00%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                                        | Global Payments Inc                                                              | CUSIP: 37940XAG7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    260000 | PA      | $251051.56    | 0.01%             | 2027-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                                     | BP Capital Markets America Inc                                                   | CUSIP: 10373QBZ2<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    235000 | PA      | $239919.46    | 0.01%             | 2029-10-17      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust                                             | Mercedes-Benz Auto Lease Trust 2025-A                                            | CUSIP: 58768YAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $504786.48    | 0.01%             | 2031-02-18      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                                                       | WEC Energy Group Inc                                                             | CUSIP: 92939UAL0<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    290000 | PA      | $292188.61    | 0.01%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FED CAISSES DESJARDINS                                                     | Federation des Caisses Desjardins du Quebec                                      | CUSIP: 31429KAK9<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |    265000 | PA      | $273598.03    | 0.01%             | 2028-03-14      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BK/NY                                                   | National Australia Bank Ltd/New York                                             | CUSIP: 632525CA7<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |    360000 | PA      | $361970.66    | 0.01%             | 2027-10-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                     | American Honda Finance Corp                                                      | CUSIP: 02665WGD7<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100197.80    | 0.00%             | 2027-07-09      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                              | DISH DBS Corp                                                                    | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    745000 | PA      | $664912.50    | 0.02%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                                                     | Group 1 Automotive Inc                                                           | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127533.17    | 0.00%             | 2030-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ILLUMINATE BUYER/HLDG                                                      | Illuminate Buyer LLC / Illuminate Holdings IV Inc                                | CUSIP: 45232TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $155548.75    | 0.00%             | 2028-07-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                                    | Inter-American Development Bank                                                  | CUSIP: 4581X0DX3<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    265000 | PA      | $244319.68    | 0.01%             | 2028-07-20      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                                    | Inter-American Development Bank                                                  | CUSIP: 4581X0EB0<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    140000 | PA      | $134957.22    | 0.00%             | 2027-01-13      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Wynn Macau Ltd                                                             | Wynn Macau Ltd                                                                   | CUSIP: 98313RAD8<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    245000 | PA      | $244165.81    | 0.01%             | 2027-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                       | Mercedes-Benz Finance North America LLC                                          | CUSIP: 58769JBE6<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151161.48    | 0.00%             | 2028-03-31      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                                           | LPL Holdings Inc                                                                 | CUSIP: 50212YAH7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    265000 | PA      | $281352.78    | 0.01%             | 2028-11-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                        | American Express Co                                                              | CUSIP: 025816CM9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    393000 | PA      | $379903.97    | 0.01%             | 2026-11-04      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| GRUPO AVAL LTD                                                             | Grupo Aval Ltd                                                                   | CUSIP: 000000000<br>LEI: 549300J4FW1ELLQ80113 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $183268.09    | 0.00%             | 2030-02-04      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNITED OVERSEAS BANK LTD                                                   | United Overseas Bank Ltd                                                         | CUSIP: 91127KAE2<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $193644.86    | 0.00%             | 2031-10-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                         | Credit Agricole SA                                                               | CUSIP: 22534PAH6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $252968.87    | 0.01%             | 2027-03-11      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140QHEP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1402602 | PA      | $1283005.93   | 0.03%             | 2036-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS PRIVATE CR                                                   | Goldman Sachs Private Credit Corp                                                | CUSIP: 38152BAC5<br>LEI: 549300TD27G6372IYJ65 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202292.45    | 0.00%             | 2030-05-06      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                                              | UniCredit SpA                                                                    | CUSIP: 904678AB5<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |     70000 | PA      | $69843.69     | 0.00%             | 2027-04-12      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Textron Inc                                                                | Textron Inc                                                                      | CUSIP: 883203BY6<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72960.09     | 0.00%             | 2028-03-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                 | Intel Corp                                                                       | CUSIP: 458140BH2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    605000 | PA      | $550358.52    | 0.01%             | 2029-11-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| XPO INC                                                                    | XPO Inc                                                                          | CUSIP: 98379KAA0<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    275000 | PA      | $279476.82    | 0.01%             | 2028-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MARTIN MARIETTA MATERIAL                                                   | Martin Marietta Materials Inc                                                    | CUSIP: 573284AT3<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |    230000 | PA      | $225030.64    | 0.01%             | 2027-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                      | Toronto-Dominion Bank/The                                                        | CUSIP: 89115A2W1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $252327.40    | 0.01%             | 2027-04-05      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ACN5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    350000 | PA      | $363463.84    | 0.01%             | 2028-09-21      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CCZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17670000 | PA      | $17020489.50  | 0.38%             | 2026-09-30      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| EW SCRIPPS CO                                                              | EW Scripps Co/The                                                                | CUSIP: 811054AH8<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84472.77     | 0.00%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| CHINA GOVT INTL BOND                                                       | China Government International Bond                                              | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $205461.20    | 0.00%             | 2029-11-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                                                     | Fairfax Financial Holdings Ltd                                                   | CUSIP: 303901BF8<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $198424.04    | 0.00%             | 2030-04-29      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                                       | Las Vegas Sands Corp                                                             | CUSIP: 517834AE7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    345000 | PA      | $339524.08    | 0.01%             | 2026-08-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                                                   | Intercontinental Exchange Inc                                                    | CUSIP: 45866FBB9<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    295000 | PA      | $288736.75    | 0.01%             | 2028-09-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                        | Southern California Edison Co                                                    | CUSIP: 842400JA2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160242.87    | 0.00%             | 2027-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LANDWIRTSCH. RENTENBANK                                                    | Landwirtschaftliche Rentenbank                                                   | CUSIP: 515110BR4<br>LEI: 529900Z3J0N6S0F7CT25 | Long             | DBT              | CORP              | DE        |    440000 | PA      | $429611.56    | 0.01%             | 2026-07-27      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp                                                         | Union Pacific Corp                                                               | CUSIP: 907818FB9<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    285000 | PA      | $279292.07    | 0.01%             | 2029-03-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                     | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406RAB3<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    370000 | PA      | $365001.74    | 0.01%             | 2028-02-07      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| IRIS HOLDING INC                                                           | Iris Holding Inc                                                                 | CUSIP: 462914AA0<br>LEI: 54930013SPZ2NB3I3V40 | Long             | DBT              | CORP              | US        |    125000 | PA      | $116222.43    | 0.00%             | 2028-12-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: —       |
| Target Corp                                                                | Target Corp                                                                      | CUSIP: 87612EBH8<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |    260000 | PA      | $252130.41    | 0.01%             | 2029-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                               | UBS Group AG                                                                     | CUSIP: 225401AF5<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    715000 | PA      | $703307.74    | 0.02%             | 2029-01-12      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                                               | QUALCOMM Inc                                                                     | CUSIP: 747525BN2<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    250000 | PA      | $231895.12    | 0.01%             | 2028-05-20      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                                               | Stryker Corp                                                                     | CUSIP: 863667BK6<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176598.88    | 0.00%             | 2028-02-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66                                                                | Phillips 66 Co                                                                   | CUSIP: 718547AK8<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |    150000 | PA      | $141800.91    | 0.00%             | 2029-12-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| FXI HOLDINGS INC                                                           | FXI Holdings Inc                                                                 | CUSIP: 36120RAE9<br>LEI: 549300VLKCUZW3MSVS50 | Long             | DBT              | CORP              | US        |    168000 | PA      | $150323.73    | 0.00%             | 2026-11-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                        | Medline Borrower LP                                                              | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1234966.26   | 0.03%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                                                   | Western Midstream Operating LP                                                   | CUSIP: 958667AF4<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    205000 | PA      | $214074.33    | 0.00%             | 2029-01-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD                                                       | Tencent Holdings Ltd                                                             | CUSIP: 88032XAU8<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $548711.77    | 0.01%             | 2030-06-03      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                                             | Var Energi ASA                                                                   | CUSIP: 92212WAA8<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    200000 | PA      | $200813.83    | 0.00%             | 2027-05-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WABASH NATIONAL CORP                                                       | Wabash National Corp                                                             | CUSIP: 929566AL1<br>LEI: 5299004ZAWHQZI5XO485 | Long             | DBT              | CORP              | US        |    130000 | PA      | $116383.84    | 0.00%             | 2028-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALLSTATE CORP                                                              | Allstate Corp/The                                                                | CUSIP: 020002BL4<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |    195000 | PA      | $199135.93    | 0.00%             | 2029-06-24      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                       | Enel Finance International NV                                                    | CUSIP: 29278GAN8<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    215000 | PA      | $200534.43    | 0.00%             | 2028-07-12      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BK/NY                                                   | National Australia Bank Ltd/New York                                             | CUSIP: 63253QAB0<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |    310000 | PA      | $315336.47    | 0.01%             | 2028-01-12      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Monongahela Power Co                                                       | Monongahela Power Co                                                             | CUSIP: 610202BR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $113068.61    | 0.00%             | 2027-05-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| BLUE OWL TECHNOLOGY FINA                                                   | Blue Owl Technology Finance Corp                                                 | CUSIP: 095924AA4<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |    155000 | PA      | $155906.50    | 0.00%             | 2028-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                                     | Blackstone Private Credit Fund                                                   | CUSIP: 09261HBN6<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    170000 | PA      | $173395.79    | 0.00%             | 2029-07-16      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                                                         | Athene Holding Ltd                                                               | CUSIP: 04686JAB7<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    150000 | PA      | $158885.33    | 0.00%             | 2030-04-03      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| UBS AG LONDON                                                              | UBS AG/London                                                                    | CUSIP: 902674ZW3<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |    235000 | PA      | $243839.25    | 0.01%             | 2028-09-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                     | Extra Space Storage LP                                                           | CUSIP: 30225VAM9<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |    415000 | PA      | $408458.36    | 0.01%             | 2027-12-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ARGENTUM (ZURICH INS)                                                      | Argentum Netherlands BV for Zurich Insurance Co Ltd                              | CUSIP: 000000000<br>LEI: 50ZCTKCMUDIABGHX3R52 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $199414.04    | 0.00%             | 2048-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC                                                      | Belron UK Finance PLC                                                            | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    335000 | PA      | $338198.61    | 0.01%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                        | American Tower Corp                                                              | CUSIP: 03027XCE8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    255000 | PA      | $264619.20    | 0.01%             | 2028-11-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                       | Mercedes-Benz Finance North America LLC                                          | CUSIP: 233851DT8<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148753.26    | 0.00%             | 2029-02-22      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| SOCIEDAD QUIMICA Y MINER                                                   | Sociedad Quimica y Minera de Chile SA                                            | CUSIP: 000000000<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $197532.96    | 0.00%             | 2029-05-07      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                             | NRG Energy Inc                                                                   | CUSIP: 629377CP5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    265000 | PA      | $250924.32    | 0.01%             | 2027-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER MEXICO                                                     | Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand | CUSIP: 000000000<br>LEI: SCRYQ25DTVRHYYMM6P89 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $204796.54    | 0.00%             | 2029-12-10      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                                        | Gilead Sciences Inc                                                              | CUSIP: 375558BX0<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    255000 | PA      | $238779.53    | 0.01%             | 2027-10-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                     | Standard Chartered PLC                                                           | CUSIP: 85325C2H4<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $202965.05    | 0.00%             | 2031-05-13      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 912828ZS2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14000000 | PA      | $13151796.84  | 0.30%             | 2027-05-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                                                         | Pacific Life Global Funding II                                                   | CUSIP: 6944PL2Z1<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71036.16     | 0.00%             | 2029-01-11      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                                        | Churchill Downs Inc                                                              | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    365000 | PA      | $364353.07    | 0.01%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ASCENSION HEALTH                                                           | Ascension Health                                                                 | CUSIP: 04352EAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $231691.37    | 0.01%             | 2029-11-15      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| FEDERAL REALTY OP LP                                                       | Federal Realty OP LP                                                             | CUSIP: 313747AY3<br>LEI: 549300LI6XZ51GOCJ427 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39129.79     | 0.00%             | 2027-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                        | American Tower Corp                                                              | CUSIP: 03027XBA7<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    200000 | PA      | $185852.11    | 0.00%             | 2030-01-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                     | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822AV6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $396224.38    | 0.01%             | 2028-03-02      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF BAHRAIN                                                         | Bahrain Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    200000 | PA      | $193307.37    | 0.00%             | 2028-01-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ALGONQUIN PWR & UTILITY                                                    | Algonquin Power & Utilities Corp                                                 | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |    310000 | PA      | $301557.92    | 0.01%             | 2082-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                               | Broadcom Inc                                                                     | CUSIP: 11135FAN1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    244000 | PA      | $241619.43    | 0.01%             | 2026-09-15      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds                                   | Indonesia Government International Bonds                                         | CUSIP: 455780CQ7<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $187235.19    | 0.00%             | 2030-02-14      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Assurant Inc                                                               | Assurant Inc                                                                     | CUSIP: 04621XAJ7<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | DBT              | CORP              | US        |    140000 | PA      | $140892.97    | 0.00%             | 2028-03-27      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                              | Carnival Corp                                                                    | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    625000 | PA      | $630470.14    | 0.01%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Valero Energy Corp                                                         | Valero Energy Corp                                                               | CUSIP: 91913YAV2<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |    165000 | PA      | $164554.63    | 0.00%             | 2028-06-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| OEKB OEST. KONTROLLBANK                                                    | Oesterreichische Kontrollbank AG                                                 | CUSIP: 676167CL1<br>LEI: 5299000OVRLMF858L016 | Long             | DBT              | CORP              | AT        |    515000 | PA      | $517194.42    | 0.01%             | 2029-01-18      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY                                                    | Cooperatieve Rabobank UA/NY                                                      | CUSIP: 21688ABC5<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    230000 | PA      | $233193.50    | 0.01%             | 2029-01-09      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                                           | Ryder System Inc                                                                 | CUSIP: 78355HKT5<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    140000 | PA      | $136367.86    | 0.00%             | 2027-03-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                                                    | Exxon Mobil Corp                                                                 | CUSIP: 30231GBE1<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    405000 | PA      | $380548.18    | 0.01%             | 2029-08-16      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                                   | New York Life Global Funding                                                     | CUSIP: 64952WFK4<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201284.56    | 0.00%             | 2029-12-05      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                   | Avolon Holdings Funding Ltd                                                      | CUSIP: 05401AAJ0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    282000 | PA      | $274821.19    | 0.01%             | 2027-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Bank5                                                                      | BANK5 2024-5YR8                                                                  | CUSIP: 065923AY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $519760.58    | 0.01%             | 2057-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SUPERIOR PLUS/GEN PRTNR                                                    | Superior Plus LP / Superior General Partner Inc                                  | CUSIP: 86828LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    180000 | PA      | $171651.29    | 0.00%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                                                        | CommonSpirit Health                                                              | CUSIP: 20268JAK9<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    235000 | PA      | $242691.56    | 0.01%             | 2027-11-01      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                             | Home Depot Inc/The                                                               | CUSIP: 437076CW0<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    285000 | PA      | $291167.52    | 0.01%             | 2029-04-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BlackRock Funds III                                                        | BlackRock Cash Funds: Treasury, SL Agency Shares                                 | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  21894876 | NS      | $21894875.71  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN AXLE & MFG INC                                                    | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBA7<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114544.99    | 0.00%             | 2028-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| TSMC ARIZONA CORP                                                          | TSMC Arizona Corp                                                                | CUSIP: 872898AA9<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |    215000 | PA      | $207923.29    | 0.00%             | 2026-10-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL REALTY OP LP                                                       | Federal Realty OP LP                                                             | CUSIP: 313747AZ0<br>LEI: 549300LI6XZ51GOCJ427 | Long             | DBT              |  | US        |     35000 | PA      | $33210.94     | 0.00%             | 2029-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| INDUSTRIAS PENOLES SAB D                                                   | Industrias Penoles SAB de CV                                                     | CUSIP: 000000000<br>LEI: 549300WA2HB7776CB324 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $195141.92    | 0.00%             | 2029-09-12      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CADENCE DESIGN SYS INC                                                     | Cadence Design Systems Inc                                                       | CUSIP: 127387AN8<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | DBT              | CORP              | US        |    335000 | PA      | $333900.41    | 0.01%             | 2029-09-10      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| JW ALUMINUM CONT CAST CO                                                   | JW Aluminum Continuous Cast Co                                                   | CUSIP: 46648XAB4<br>LEI: 5493008HJ8BWQC8XAF08 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113716.21    | 0.00%             | 2030-04-01      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                                       | Garda World Security Corp                                                        | CUSIP: 36485MAM1<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $128698.45    | 0.00%             | 2028-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                                                      | Becton Dickinson & Co                                                            | CUSIP: 075887CR8<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    130000 | PA      | $131545.32    | 0.00%             | 2029-02-08      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                       | M&T Bank Corp                                                                    | CUSIP: 55261FAS3<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    195000 | PA      | $210927.40    | 0.00%             | 2029-10-30      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                       | Edison International                                                             | CUSIP: 281020AY3<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    205000 | PA      | $203626.80    | 0.00%             | 2028-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                                    | HCA Inc                                                                          | CUSIP: 404121AH8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    349000 | PA      | $350513.61    | 0.01%             | 2026-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                | Prologis LP                                                                      | CUSIP: 74340XBL4<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |     85000 | PA      | $85178.15     | 0.00%             | 2029-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                        | Petroleos Mexicanos                                                              | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1190000 | PA      | $1189153.37   | 0.03%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CDP FINANCIAL INC                                                          | CDP Financial Inc                                                                | CUSIP: 125094BH4<br>LEI: 549300OXMGVYFCBFV096 | Long             | DBT              | NUSS              | CA        |    500000 | PA      | $509599.19    | 0.01%             | 2030-01-24      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ADW4<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    155000 | PA      | $156551.00    | 0.00%             | 2030-06-24      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                   | Lloyds Banking Group PLC                                                         | CUSIP: 539439AY5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    575000 | PA      | $582336.53    | 0.01%             | 2027-08-07      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Owens Corning                                                              | Owens Corning                                                                    | CUSIP: 690742AF8<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |    185000 | PA      | $182929.22    | 0.00%             | 2026-08-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                                        | NatWest Markets PLC                                                              | CUSIP: 63906YAM0<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |    275000 | PA      | $277571.73    | 0.01%             | 2028-03-21      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| COSTCO WHOLESALE CORP                                                      | Costco Wholesale Corp                                                            | CUSIP: 22160KAP0<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | DBT              | CORP              | US        |    550000 | PA      | $488909.51    | 0.01%             | 2030-04-20      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| ONEOK Inc                                                                  | ONEOK Inc                                                                        | CUSIP: 682680AU7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    295000 | PA      | $295305.72    | 0.01%             | 2028-07-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| TENNESSEE GAS PIPELINE                                                     | Tennessee Gas Pipeline Co LLC                                                    | CUSIP: 880451AZ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    320000 | PA      | $295768.19    | 0.01%             | 2030-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                           | Duke Energy Corp                                                                 | CUSIP: 26441CAX3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48826.78     | 0.00%             | 2027-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL                                                           | Midcap Financial Issuer Trust                                                    | CUSIP: 59590AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $117419.48    | 0.00%             | 2030-01-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                                                   | Alexandria Real Estate Equities Inc                                              | CUSIP: 015271AK5<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |    358000 | PA      | $352914.19    | 0.01%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| COUNCIL OF EUROPE                                                          | Council Of Europe Development Bank                                               | CUSIP: 222213AY6<br>LEI: 549300UYNXMI821WYG82 | Long             | DBT              | NUSS              | XX        |    351000 | PA      | $338427.24    | 0.01%             | 2026-09-22      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                          | HSBC Holdings PLC                                                                | CUSIP: 404280BK4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    840000 | PA      | $832095.76    | 0.02%             | 2028-03-13      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 31307SD34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    362332 | PA      | $346776.09    | 0.01%             | 2031-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                                    | United Rentals North America Inc                                                 | CUSIP: 911365BL7<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249499.47    | 0.01%             | 2030-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                  | Boeing Co/The                                                                    | CUSIP: 097023CU7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    655000 | PA      | $658797.74    | 0.01%             | 2027-05-01      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                    | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GC36<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    965000 | PA      | $985475.42    | 0.02%             | 2031-01-28      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| SKANDINAVISKA ENSKILDA                                                     | Skandinaviska Enskilda Banken AB                                                 | CUSIP: 830505AZ6<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |    195000 | PA      | $197388.21    | 0.00%             | 2027-03-05      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CONSUMERS ENERGY CO                                                        | Consumers Energy Co                                                              | CUSIP: 210518DS2<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |    220000 | PA      | $221943.49    | 0.01%             | 2028-03-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CFU0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11000000 | PA      | $11047265.68  | 0.25%             | 2027-10-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                        | Elevance Health Inc                                                              | CUSIP: 036752BB8<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225907.86    | 0.01%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                         | BMW US Capital LLC                                                               | CUSIP: 05565ECY9<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203783.71    | 0.00%             | 2030-03-21      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BLOOMIN' BRANDS INC/OSI                                                    | Bloomin' Brands Inc / OSI Restaurant Partners LLC                                | CUSIP: 094234AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $93183.26     | 0.00%             | 2029-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| SMBC AVIATION CAPITAL FI                                                   | SMBC Aviation Capital Finance DAC                                                | CUSIP: 78448TAN2<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |    190000 | PA      | $192145.37    | 0.00%             | 2030-04-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BANK NEGARA INDONESIA                                                      | Bank Negara Indonesia Persero Tbk PT                                             | CUSIP: 000000000<br>LEI: 549300HZ8J3MLVXQ8F85 | Long             | DBT              | CORP              | ID        |    400000 | PA      | $385615.32    | 0.01%             | 2027-03-24      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ASB BANK LIMITED                                                           | ASB Bank Ltd                                                                     | CUSIP: 00216LAD5<br>LEI: 549300IBZWZL1KTPF918 | Long             | DBT              | CORP              | NZ        |    200000 | PA      | $193429.22    | 0.00%             | 2026-10-22      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| ANYWHERE RE GRP/REALOGY                                                    | Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp                          | CUSIP: 75606DAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $146940.85    | 0.00%             | 2029-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| VIASAT INC                                                                 | Viasat Inc                                                                       | CUSIP: 92552VAN0<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |    120000 | PA      | $113351.05    | 0.00%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MAV2<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    147000 | PA      | $143800.06    | 0.00%             | 2027-10-18      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| TAIZHOU URBAN CONST INV                                                    | Taizhou Urban Construction and Investment Development Group Co Ltd               | CUSIP: 000000000<br>LEI: 3003009757VFP4VML748 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $200944.04    | 0.00%             | 2027-07-11      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140J5U98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     31157 | PA      | $30466.45     | 0.00%             | 2029-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JONES LANG LASALLE INC                                                     | Jones Lang LaSalle Inc                                                           | CUSIP: 48020QAB3<br>LEI: 6SYKCME112RT8TQUO411 | Long             | DBT              | CORP              | US        |    145000 | PA      | $154948.50    | 0.00%             | 2028-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                                             | Starbucks Corp                                                                   | CUSIP: 855244BL2<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75757.89     | 0.00%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                                                      | Duke Energy Carolinas LLC                                                        | CUSIP: 26442CAY0<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    105000 | PA      | $97565.90     | 0.00%             | 2029-08-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| UPM-KYMMENE OYJ                                                            | UPM-Kymmene Oyj                                                                  | CUSIP: 915436AC3<br>LEI: 213800EC6PW5VU4J9U64 | Long             | DBT              | CORP              | FI        |    100000 | PA      | $105286.71    | 0.00%             | 2027-11-26      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| Mercury General Corp                                                       | Mercury General Corp                                                             | CUSIP: 589400AB6<br>LEI: 5493001Q9EXPCEL4W527 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44529.53     | 0.00%             | 2027-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BANQUE OUEST AFRICAINE D                                                   | Banque Ouest Africaine de Developpement                                          | CUSIP: 06675QAB9<br>LEI: 529900LIZJABE4JJS826 | Long             | DBT              | NUSS              | XX        |    280000 | PA      | $275968.62    | 0.01%             | 2027-07-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CK HUTCHISON INTL 19 LTD                                                   | CK Hutchison International 19 Ltd                                                | CUSIP: 12564CAB2<br>LEI: 254900FPY8WXG61CMU70 | Long             | DBT              | CORP              | KY        |    290000 | PA      | $281175.56    | 0.01%             | 2029-04-11      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| EAST OHIO GAS CO/THE                                                       | East Ohio Gas Co/The                                                             | CUSIP: 27409LAC7<br>LEI: BC95Y6MXLT75BGO7UM71 | Long             | DBT              | CORP              | US        |    105000 | PA      | $92774.02     | 0.00%             | 2030-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                  | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                        | CUSIP: 71568QAE7<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $203962.85    | 0.00%             | 2028-05-21      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                                                   | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $131975.93    | 0.00%             | 2029-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                       | Enel Finance International NV                                                    | CUSIP: 29278GAM0<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    410000 | PA      | $398903.28    | 0.01%             | 2026-07-12      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Eastman Chemical Co                                                        | Eastman Chemical Co                                                              | CUSIP: 277432AW0<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | DBT              | CORP              | US        |    145000 | PA      | $144783.65    | 0.00%             | 2028-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KOREA HOUSING FINANCE CO                                                   | Korea Housing Finance Corp                                                       | CUSIP: 000000000<br>LEI: 9884002AAOBT56QW9B80 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $206198.42    | 0.00%             | 2030-01-21      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| MID-ATLANTIC INTERSTATE                                                    | Mid-Atlantic Interstate Transmission LLC                                         | CUSIP: 59524QAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $44477.68     | 0.00%             | 2028-05-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc                                                        | Delta Air Lines Inc                                                              | CUSIP: 247361ZN1<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    155000 | PA      | $153902.18    | 0.00%             | 2028-04-19      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236THG3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |     65000 | PA      | $61109.73     | 0.00%             | 2027-08-13      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                                                        | Avantor Funding Inc                                                              | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    235000 | PA      | $221322.27    | 0.00%             | 2029-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138ER7M6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     85395 | PA      | $82553.55     | 0.00%             | 2032-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                                                          | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    100000 | PA      | $18503.70     | 0.00%             | 2028-11-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                                   | Penske Truck Leasing Co Lp / PTL Finance Corp                                    | CUSIP: 709599CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $209076.84    | 0.00%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BK/NY                                                   | National Australia Bank Ltd/New York                                             | CUSIP: 63253QAJ3<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |    250000 | PA      | $253698.57    | 0.01%             | 2027-06-11      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                          | NatWest Group PLC                                                                | CUSIP: 639057AK4<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    395000 | PA      | $409422.09    | 0.01%             | 2029-09-13      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc                                                               | Alphabet Inc                                                                     | CUSIP: 02079KAC1<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244434.76    | 0.01%             | 2026-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                   | Capital One Financial Corp                                                       | CUSIP: 254709AM0<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | DBT              | CORP              | US        |    295000 | PA      | $293443.55    | 0.01%             | 2027-02-09      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                                   | Penske Truck Leasing Co Lp / PTL Finance Corp                                    | CUSIP: 709599BT0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $204677.39    | 0.00%             | 2028-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| PETSMART INC/PETSMART FI                                                   | PetSmart Inc / PetSmart Finance Corp                                             | CUSIP: 71677KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    395000 | PA      | $387939.31    | 0.01%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Valero Energy Corp                                                         | Valero Energy Corp                                                               | CUSIP: 91913YAU4<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59223.51     | 0.00%             | 2026-09-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CLOROX COMPANY                                                             | Clorox Co/The                                                                    | CUSIP: 189054AX7<br>LEI: 54930044KVSC06Z79I06 | Long             | DBT              | CORP              | US        |    150000 | PA      | $132575.11    | 0.00%             | 2030-05-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| KOMMUNALBANKEN AS                                                          | Kommunalbanken AS                                                                | CUSIP: 50048MDM9<br>LEI: I7ETN0QQO2AHZZGHJ389 | Long             | DBT              | NUSS              | NO        |    500000 | PA      | $503595.93    | 0.01%             | 2029-01-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                            | Danske Bank A/S                                                                  | CUSIP: 23636ABC4<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    440000 | PA      | $437662.66    | 0.01%             | 2028-04-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                     | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KBR0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    600000 | PA      | $539747.26    | 0.01%             | 2030-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP                                                     | Bunge Ltd Finance Corp                                                           | CUSIP: 120568BD1<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |    230000 | PA      | $228113.99    | 0.01%             | 2028-01-07      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL FINANCIAL GRP                                                    | Principal Financial Group Inc                                                    | CUSIP: 74251VAS1<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | DBT              | CORP              | US        |    200000 | PA      | $178641.49    | 0.00%             | 2030-06-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME                                                     | Blue Owl Credit Income Corp                                                      | CUSIP: 69120VBB6<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    190000 | PA      | $201214.00    | 0.00%             | 2028-06-13      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                               | GS Mortgage Securities Trust 2017-GS7                                            | CUSIP: 36254CAW0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1480190 | PA      | $1460179.81   | 0.03%             | 2050-08-10      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                       | Enel Finance International NV                                                    | CUSIP: 29278GBD9<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    390000 | PA      | $396114.69    | 0.01%             | 2029-06-26      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| EQUIFAX INC                                                                | Equifax Inc                                                                      | CUSIP: 294429AV7<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |    275000 | PA      | $278052.66    | 0.01%             | 2027-12-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| GLAXOSMITHKLINE CAP INC                                                    | GlaxoSmithKline Capital Inc                                                      | CUSIP: 377372AN7<br>LEI: 5493007Q8VD7Q3ZYZS59 | Long             | DBT              | CORP              | US        |    620000 | PA      | $614869.43    | 0.01%             | 2028-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140X5VE0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    266559 | PA      | $258385.44    | 0.01%             | 2035-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FOX CORP                                                                   | Fox Corp                                                                         | CUSIP: 35137LAH8<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    525000 | PA      | $527677.26    | 0.01%             | 2029-01-25      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138XTSK2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     18108 | PA      | $18242.84     | 0.00%             | 2044-04-01      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                                              | DTE Energy Co                                                                    | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    265000 | PA      | $267470.15    | 0.01%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                           | CSC Holdings LLC                                                                 | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    620000 | PA      | $305201.07    | 0.01%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| COTERRA ENERGY INC                                                         | Coterra Energy Inc                                                               | CUSIP: 127097AK9<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108662.99    | 0.00%             | 2029-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HECLA MINING CO                                                            | Hecla Mining Co                                                                  | CUSIP: 422704AH9<br>LEI: 5493009Y6HOBZD1QD537 | Long             | DBT              | CORP              | US        |    165000 | PA      | $166637.06    | 0.00%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                                                     | CNH Industrial Capital LLC                                                       | CUSIP: 12592BAQ7<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    280000 | PA      | $280446.19    | 0.01%             | 2028-04-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    475000 | PA      | $463347.74    | 0.01%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| MARTIN MARIETTA MATERIAL                                                   | Martin Marietta Materials Inc                                                    | CUSIP: 573284AV8<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |    150000 | PA      | $137356.53    | 0.00%             | 2030-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                           | Societe Generale SA                                                              | CUSIP: 83368RBZ4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    270000 | PA      | $271928.15    | 0.01%             | 2027-02-19      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138WFAM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     18623 | PA      | $17950.40     | 0.00%             | 2030-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                        | Fifth Third Bancorp                                                              | CUSIP: 316773DE7<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    260000 | PA      | $258014.44    | 0.01%             | 2028-04-25      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| ABU DHABI CRUDE OIL                                                        | Abu Dhabi Crude Oil Pipeline LLC                                                 | CUSIP: 000000000<br>LEI: 549300DONDFW2383FV66 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $194024.68    | 0.00%             | 2029-11-02      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| PNC Bank NA                                                                | PNC Bank NA                                                                      | CUSIP: 69349LAR9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |    370000 | PA      | $366305.81    | 0.01%             | 2028-07-26      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV                                                   | Asian Infrastructure Investment Bank/The                                         | CUSIP: 04522KAK2<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $201558.85    | 0.00%             | 2026-09-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HORACE MANN EDUCATORS CO                                                   | Horace Mann Educators Corp                                                       | CUSIP: 440327AL8<br>LEI: 254900G5YAV3A2YK8T32 | Long             | DBT              | CORP              | US        |     75000 | PA      | $79990.89     | 0.00%             | 2028-09-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                                                    | GLP Capital LP / GLP Financing II Inc                                            | CUSIP: 361841AL3<br>LEI: N/A                  | Long             | DBT              |  | US        |    260000 | PA      | $262542.20    | 0.01%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| KOREA HOUSING FINANCE CO                                                   | Korea Housing Finance Corp                                                       | CUSIP: 000000000<br>LEI: 9884002AAOBT56QW9B80 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $201842.28    | 0.00%             | 2027-08-27      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CHINA GOVT INTL BOND                                                       | China Government International Bond                                              | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    600000 | PA      | $565994.56    | 0.01%             | 2029-12-03      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                                                 | AbbVie Inc                                                                       | CUSIP: 00287YBF5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    565000 | PA      | $565344.47    | 0.01%             | 2028-11-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                                                   | International Business Machines Corp                                             | CUSIP: 459200KA8<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    935000 | PA      | $906095.48    | 0.02%             | 2029-05-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                                   | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAA4<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    440000 | PA      | $439396.95    | 0.01%             | 2027-08-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                                   | New York Life Global Funding                                                     | CUSIP: 64953BBM9<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176923.10    | 0.00%             | 2027-04-02      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| LINCOLN FIN GLBL FUNDING                                                   | Lincoln Financial Global Funding                                                 | CUSIP: 53359KAA9<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |    160000 | PA      | $164057.01    | 0.00%             | 2030-01-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc                                                                  | IQVIA Inc                                                                        | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    365000 | PA      | $362981.79    | 0.01%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Camden Property Trust                                                      | Camden Property Trust                                                            | CUSIP: 133131AW2<br>LEI: 5493002MYX22OHYJBD89 | Long             | DBT              |  | US        |    115000 | PA      | $114297.21    | 0.00%             | 2028-10-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS                                                   | Huntington Ingalls Industries Inc                                                | CUSIP: 446413BA3<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |    155000 | PA      | $158400.60    | 0.00%             | 2030-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CLOROX COMPANY                                                             | Clorox Co/The                                                                    | CUSIP: 189054AW9<br>LEI: 54930044KVSC06Z79I06 | Long             | DBT              | CORP              | US        |    240000 | PA      | $237528.27    | 0.01%             | 2028-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                   | Celanese US Holdings LLC                                                         | CUSIP: 15089QAN4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    205000 | PA      | $212856.69    | 0.00%             | 2029-07-15      | Fixed         | 6.83%                 | No            |                  2 | On Loan: No      |
| BANK OF CHINA/MACAU                                                        | Bank of China Ltd/Macau                                                          | CUSIP: 000000000<br>LEI: 54930047DU4WCPOIO219 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $197385.36    | 0.00%             | 2027-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                                             | Eli Lilly & Co                                                                   | CUSIP: 532457CQ9<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    280000 | PA      | $279885.21    | 0.01%             | 2029-08-14      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                     | American Honda Finance Corp                                                      | CUSIP: 02665WDJ7<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    265000 | PA      | $257213.34    | 0.01%             | 2027-01-08      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| LANDWIRTSCH. RENTENBANK                                                    | Landwirtschaftliche Rentenbank                                                   | CUSIP: 000000000<br>LEI: 529900Z3J0N6S0F7CT25 | Long             | DBT              | CORP              | DE        |    230000 | PA      | $213687.18    | 0.00%             | 2028-02-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                                                  | PG&E Corp                                                                        | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    450000 | PA      | $434145.06    | 0.01%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DUN & BRADSTREET CORP                                                      | Dun & Bradstreet Corp/The                                                        | CUSIP: 26483EAL4<br>LEI: RI37BMPWE56BCJ747E14 | Long             | DBT              | CORP              | US        |    135000 | PA      | $138118.89    | 0.00%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                                                     | Motorola Solutions Inc                                                           | CUSIP: 620076BN8<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    275000 | PA      | $275784.22    | 0.01%             | 2029-05-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| KOREA DEVELOPMENT BANK                                                     | Korea Development Bank/The                                                       | CUSIP: 500630EE4<br>LEI: 549300ML2LNRZUCS7149 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $199191.07    | 0.00%             | 2027-10-16      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CUMMINS INC                                                                | Cummins Inc                                                                      | CUSIP: 231021AV8<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | DBT              | CORP              | US        |    105000 | PA      | $107022.90    | 0.00%             | 2029-02-20      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                                        | Charles Schwab Corp/The                                                          | CUSIP: 808513AZ8<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    170000 | PA      | $168478.20    | 0.00%             | 2029-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                         | BMW US Capital LLC                                                               | CUSIP: 05565ECA1<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    232000 | PA      | $228282.25    | 0.01%             | 2027-04-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                                    | Metropolitan Life Global Funding I                                               | CUSIP: 59217GFT1<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152536.29    | 0.00%             | 2030-01-09      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| TEMASEK FINANCIAL I LTD                                                    | Temasek Financial I Ltd                                                          | CUSIP: 87973PAE4<br>LEI: 549300XMGMDF3VRJMF12 | Long             | DBT              | CORP              | SG        |    500000 | PA      | $493718.48    | 0.01%             | 2028-08-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE LLC                                                       | Bayer US Finance LLC                                                             | CUSIP: 07274EAJ2<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |    310000 | PA      | $324764.57    | 0.01%             | 2029-01-21      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EWN5<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102330.02    | 0.00%             | 2029-10-11      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                         | Roche Holdings Inc                                                               | CUSIP: 771196CE0<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |    370000 | PA      | $374598.42    | 0.01%             | 2026-11-13      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                                                        | Buckeye Partners LP                                                              | CUSIP: 118230AQ4<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196662.85    | 0.00%             | 2026-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                                      | Melco Resorts Finance Ltd                                                        | CUSIP: 000000000<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $199580.62    | 0.00%             | 2027-07-17      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NORTHERN TRUST CORP                                                        | Northern Trust Corp                                                              | CUSIP: 665859AW4<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    475000 | PA      | $473107.76    | 0.01%             | 2027-05-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                     | Philip Morris International Inc                                                  | CUSIP: 718172DA4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    600000 | PA      | $614274.51    | 0.01%             | 2030-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ONTARIO (PROVINCE OF)                                                      | Province of Ontario Canada                                                       | CUSIP: 683234ET1<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |   1060000 | PA      | $1085761.30   | 0.02%             | 2030-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                      | Wells Fargo & Co                                                                 | CUSIP: 94974BGL8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    710000 | PA      | $708625.06    | 0.02%             | 2027-07-22      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                          | State Street Corp                                                                | CUSIP: 857477BG7<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    225000 | PA      | $208471.59    | 0.00%             | 2030-01-24      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                     | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406RAH0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    245000 | PA      | $243662.98    | 0.01%             | 2028-04-28      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                                            | Fair Isaac Corp                                                                  | CUSIP: 303250AF1<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    300000 | PA      | $289916.43    | 0.01%             | 2028-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JAPAN INT'L COOP AGENCY                                                    | Japan International Cooperation Agency                                           | CUSIP: 47109LAF1<br>LEI: 254900XEIG78M2AJB031 | Long             | DBT              | NUSS              | JP        |    690000 | PA      | $677218.80    | 0.02%             | 2027-05-25      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                       | Mercedes-Benz Finance North America LLC                                          | CUSIP: 233851DF8<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    350000 | PA      | $344651.60    | 0.01%             | 2028-02-22      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF GAS CO                                                      | Southern California Gas Co                                                       | CUSIP: 842434CU4<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |    200000 | PA      | $183589.00    | 0.00%             | 2030-02-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| MDGH GMTN RSC LTD                                                          | MDGH GMTN RSC Ltd                                                                | CUSIP: 000000000<br>LEI: 213800WRY6FRL9IXLT77 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $195513.64    | 0.00%             | 2027-03-28      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                                                           | AMC Networks Inc                                                                 | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    275000 | PA      | $282590.23    | 0.01%             | 2029-01-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                          | State Street Corp                                                                | CUSIP: 857477CP6<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    385000 | PA      | $385649.03    | 0.01%             | 2027-10-22      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets PLC                                                     | BP Capital Markets PLC                                                           | CUSIP: 05565QDH8<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |    265000 | PA      | $259841.39    | 0.01%             | 2028-11-28      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                                                    | GLP Capital LP / GLP Financing II Inc                                            | CUSIP: 361841AP4<br>LEI: N/A                  | Long             | DBT              |  | US        |    220000 | PA      | $210574.79    | 0.00%             | 2030-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ABU DHABI NATIONAL ENERG                                                   | Abu Dhabi National Energy Co PJSC                                                | CUSIP: 000000000<br>LEI: 213800UNJSVQFNUYYW03 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $203603.58    | 0.00%             | 2030-04-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AMEREN CORP                                                                | Ameren Corp                                                                      | CUSIP: 023608AL6<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |    225000 | PA      | $216174.53    | 0.00%             | 2027-03-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                                                     | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $241865.34    | 0.01%             | 2029-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CME Group Inc                                                              | CME Group Inc                                                                    | CUSIP: 12572QAJ4<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118797.95    | 0.00%             | 2028-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                                                   | Sumitomo Mitsui Trust Bank Ltd                                                   | CUSIP: 86563VAY5<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    275000 | PA      | $265616.66    | 0.01%             | 2026-09-16      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                            | CVS Health Corp                                                                  | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    695000 | PA      | $716000.21    | 0.02%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CLY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13634000 | PA      | $13659563.75  | 0.31%             | 2026-11-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UKRAINE RAIL (RAIL CAPL)                                                   | Ukraine Railways Via Rail Capital Markets PLC                                    | CUSIP: 000000000<br>LEI: 213800IW9C7PR3HKI783 | Long             | DBT              | CORP              | GB        |    236403 | PA      | $195394.51    | 0.00%             | 2026-07-09      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| INFRABUILD AUSTRALIA PTY                                                   | Infrabuild Australia Pty Ltd                                                     | CUSIP: 45682RAC4<br>LEI: 549300W2CPB5W6GFH859 | Long             | DBT              | CORP              | AU        |    100000 | PA      | $108463.45    | 0.00%             | 2028-11-15      | Fixed         | 14.50%                | No            |                  2 | On Loan: No      |
| PRESTIGE BRANDS INC                                                        | Prestige Brands Inc                                                              | CUSIP: 74112BAL9<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123890.92    | 0.00%             | 2028-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                                   | First Quantum Minerals Ltd                                                       | CUSIP: 000000000<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $200457.47    | 0.00%             | 2027-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Turkiye Ihracat Kredi Bankasi AS                                           | Turkiye Ihracat Kredi Bankasi AS                                                 | CUSIP: 000000000<br>LEI: 789000JVRVYLAXGDWR11 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $200568.41    | 0.00%             | 2026-07-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                       | Glencore Funding LLC                                                             | CUSIP: 378272AV0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15131.21     | 0.00%             | 2029-03-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                                             | Eli Lilly & Co                                                                   | CUSIP: 532457CP1<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    260000 | PA      | $260242.20    | 0.01%             | 2027-08-14      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| NESTLE HOLDINGS INC                                                        | Nestle Holdings Inc                                                              | CUSIP: 641062BC7<br>LEI: 549300EAEU8YV8MQXP30 | Long             | DBT              | CORP              | US        |    160000 | PA      | $159935.93    | 0.00%             | 2029-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-2 AA PTT                                                   | American Airlines 2016-2 Class AA Pass Through Trust                             | CUSIP: 023765AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    151750 | PA      | $145093.13    | 0.00%             | 2028-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                      | Wells Fargo & Co                                                                 | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    920000 | PA      | $941805.32    | 0.02%             | 2031-01-24      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                        | Southern California Edison Co                                                    | CUSIP: 842400JJ3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176304.64    | 0.00%             | 2030-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140J8SW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    178994 | PA      | $174494.11    | 0.00%             | 2033-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds                    | Republic of South Africa Government International Bonds                          | CUSIP: 836205AU8<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    600000 | PA      | $579801.03    | 0.01%             | 2028-10-12      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                                                | McAfee Corp                                                                      | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |    600000 | PA      | $556857.02    | 0.01%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                                      | Caesars Entertainment Inc                                                        | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    350000 | PA      | $330901.04    | 0.01%             | 2029-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| SHARJAH SUKUK PROGRAM                                                      | Sharjah Sukuk Program Ltd                                                        | CUSIP: 000000000<br>LEI: 549300N3BQ9P6RRMVV02 | Long             | DBT              | NUSS              | KY        |    400000 | PA      | $385998.41    | 0.01%             | 2027-06-10      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                                  | Apple Inc                                                                        | CUSIP: 037833EZ9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300298.76    | 0.01%             | 2030-05-12      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| AGENCE FRANCAISE DEVELOP                                                   | Agence Francaise de Developpement EPIC                                           | CUSIP: 000000000<br>LEI: 9695008K5N8MKIT4XJ91 | Long             | DBT              | NUSS              | FR        |    600000 | PA      | $603747.90    | 0.01%             | 2029-03-05      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                  | ONEOK Inc                                                                        | CUSIP: 682680CQ4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    180000 | PA      | $183751.01    | 0.00%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SIXTH STREET SPECIALTY                                                     | Sixth Street Specialty Lending Inc                                               | CUSIP: 83012AAA7<br>LEI: 549300TX61566GJWCN05 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39122.94     | 0.00%             | 2026-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: —       |
| SABAL TRAIL TRANS                                                          | Sabal Trail Transmission LLC                                                     | CUSIP: 78516FAA7<br>LEI: 5493002DWITGSZFUI977 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49289.80     | 0.00%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                                               | Enbridge Inc                                                                     | CUSIP: 29250NAL9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    130000 | PA      | $129530.31    | 0.00%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PACCAR FINANCIAL CORP                                                      | PACCAR Financial Corp                                                            | CUSIP: 69371RT89<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125203.50    | 0.00%             | 2027-06-23      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                               | UBS Group AG                                                                     | CUSIP: 902613BL1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    420000 | PA      | $434977.05    | 0.01%             | 2030-09-13      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| China Cinda Finance 2017                                                   | China Cinda Finance 2017 I Ltd                                                   | CUSIP: 000000000<br>LEI: 549300FRGSV52FLG5T09 | Long             | DBT              | CORP              | VG        |    600000 | PA      | $600092.27    | 0.01%             | 2028-02-08      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                     | UnitedHealth Group Inc                                                           | CUSIP: 91324PEP3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    420000 | PA      | $429154.84    | 0.01%             | 2028-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NVR INC                                                                    | NVR Inc                                                                          | CUSIP: 62944TAF2<br>LEI: 529900RWXR4JI3JYTV70 | Long             | DBT              | CORP              | US        |    250000 | PA      | $233307.41    | 0.01%             | 2030-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                     | Pacific Gas and Electric Co                                                      | CUSIP: 694308JF5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    310000 | PA      | $294709.51    | 0.01%             | 2027-08-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                                                       | Republic of Uzbekistan International Bond                                        | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    200000 | PA      | $212925.35    | 0.00%             | 2028-10-12      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| Uruguay Government International Bonds                                     | Uruguay Government International Bonds                                           | CUSIP: 760942BB7<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    400000 | PA      | $400816.12    | 0.01%             | 2027-10-27      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES                                                      | TransCanada PipeLines Ltd                                                        | CUSIP: 89352HBA6<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |    350000 | PA      | $340959.84    | 0.01%             | 2030-04-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GRP NY                                                   | Australia & New Zealand Banking Group Ltd/New York NY                            | CUSIP: 05253JB67<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |    225000 | PA      | $225418.34    | 0.01%             | 2026-12-16      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                                       | Boston Properties LP                                                             | CUSIP: 10112RBG8<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |    445000 | PA      | $465182.60    | 0.01%             | 2027-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TMF9<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    280000 | PA      | $286883.58    | 0.01%             | 2029-05-16      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CJR3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  28284000 | PA      | $28146999.38  | 0.64%             | 2028-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                                                | Walmart Inc                                                                      | CUSIP: 931142ER0<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    515000 | PA      | $497786.27    | 0.01%             | 2026-09-17      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC                                                        | Cardinal Health Inc                                                              | CUSIP: 14149YBR8<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    240000 | PA      | $243511.11    | 0.01%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HDFC BANK LTD                                                              | HDFC Bank Ltd                                                                    | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $202746.85    | 0.00%             | 2029-02-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                                     | Asian Development Bank                                                           | CUSIP: 045167GJ6<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |   1540000 | PA      | $1556510.31   | 0.04%             | 2028-01-14      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                                                     | Protective Life Global Funding                                                   | CUSIP: 74368CBZ6<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149885.45    | 0.00%             | 2027-09-13      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| PAYPAL HOLDINGS INC                                                        | PayPal Holdings Inc                                                              | CUSIP: 70450YAH6<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22670.05     | 0.00%             | 2030-06-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| CI FINANCIAL CORP                                                          | CI Financial Corp                                                                | CUSIP: 125491AT7<br>LEI: 549300M9W7JJQSVCEM78 | Long             | DBT              | CORP              | CA        |    230000 | PA      | $243070.61    | 0.01%             | 2029-05-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140J9SE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    766169 | PA      | $746796.07    | 0.02%             | 2031-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                                                   | Svenska Handelsbanken AB                                                         | CUSIP: 86959LAP8<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |    290000 | PA      | $298437.75    | 0.01%             | 2028-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER CAPITAL C                                                   | American Water Capital Corp                                                      | CUSIP: 03040WAQ8<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194486.66    | 0.00%             | 2027-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                                                           | ITT Holdings LLC                                                                 | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |    375000 | PA      | $356819.73    | 0.01%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SHINHAN BANK                                                               | Shinhan Bank Co Ltd                                                              | CUSIP: 82460EAN0<br>LEI: 5493003P813VL21KG928 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $194312.62    | 0.00%             | 2029-04-23      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAGELLAN CAPITAL HOLD                                                      | Magellan Capital Holdings PLC                                                    | CUSIP: 000000000<br>LEI: 254900YN2K3DJ8B72Q22 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $199583.52    | 0.00%             | 2029-07-08      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| AVALONBAY COMMUNITIES                                                      | AvalonBay Communities Inc                                                        | CUSIP: 05348EBF5<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              |  | US        |     20000 | PA      | $19213.19     | 0.00%             | 2029-06-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EXM6<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    145000 | PA      | $146437.88    | 0.00%             | 2027-03-05      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO                                                   | Jaguar Land Rover Automotive PLC                                                 | CUSIP: 47010BAF1<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |    155000 | PA      | $152432.41    | 0.00%             | 2027-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TAPESTRY INC                                                               | Tapestry Inc                                                                     | CUSIP: 876030AK3<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |    245000 | PA      | $248142.87    | 0.01%             | 2030-03-11      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| SIEMENS FINANCIERINGSMAT                                                   | Siemens Financieringsmaatschappij NV                                             | CUSIP: 82620KAL7<br>LEI: TAFO772JB70PDRN5VS48 | Long             | DBT              | CORP              | NL        |    545000 | PA      | $532692.15    | 0.01%             | 2026-10-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CDK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19180000 | PA      | $18483975.83  | 0.42%             | 2026-11-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                                     | Asian Development Bank                                                           | CUSIP: 045167GD9<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |   1294000 | PA      | $1312204.37   | 0.03%             | 2029-03-06      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| JABIL INC                                                                  | Jabil Inc                                                                        | CUSIP: 466313AJ2<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |    150000 | PA      | $142722.91    | 0.00%             | 2030-01-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                                                   | Northwestern Mutual Global Funding                                               | CUSIP: 66815L2T5<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109559.61    | 0.00%             | 2027-09-12      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                                               | NiSource Inc                                                                     | CUSIP: 65473PAH8<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    220000 | PA      | $207314.74    | 0.00%             | 2029-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                                    | International Bank for Reconstruction & Development                              | CUSIP: 459058JZ7<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   1390000 | PA      | $1276341.24   | 0.03%             | 2028-09-13      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| VIDEOTRON LTD / LTEE                                                       | Videotron Ltd                                                                    | CUSIP: 92660FAK0<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |    270000 | PA      | $269958.30    | 0.01%             | 2027-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| GFH SENIOR SUKUK LTD                                                       | GFH Senior Sukuk Ltd                                                             | CUSIP: 000000000<br>LEI: 2549006KGP87C90JH464 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $199468.64    | 0.00%             | 2029-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                     | Standard Chartered PLC                                                           | CUSIP: 853254CW8<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $205863.23    | 0.00%             | 2028-02-08      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EI SUKUK CO LTD                                                            | EI Sukuk Co Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300IIDFP0RTSSG071 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $193071.64    | 0.00%             | 2026-11-02      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                           | T-Mobile USA Inc                                                                 | CUSIP: 87264ACA1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    628000 | PA      | $592842.12    | 0.01%             | 2028-02-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                                                   | Anheuser-Busch InBev Worldwide Inc                                               | CUSIP: 035240AV2<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    500000 | PA      | $480802.67    | 0.01%             | 2030-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Lear Corp                                                                  | Lear Corp                                                                        | CUSIP: 521865AY1<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34447.73     | 0.00%             | 2027-09-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| MASCO CORP                                                                 | Masco Corp                                                                       | CUSIP: 574599BS4<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | DBT              | CORP              | US        |    210000 | PA      | $194545.46    | 0.00%             | 2028-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                             | Morgan Stanley Capital I Trust 2019-L3                                           | CUSIP: 61691UBH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    970000 | PA      | $902481.86    | 0.02%             | 2052-11-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                                                       | Lockheed Martin Corp                                                             | CUSIP: 539830CK3<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149635.56    | 0.00%             | 2028-08-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                              | Carnival Corp                                                                    | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    800000 | PA      | $777097.01    | 0.02%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CINTAS CORPORATION NO. 2                                                   | Cintas Corp No 2                                                                 | CUSIP: 17252MAR1<br>LEI: 549300QVUQTTKMTE0G41 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124877.70    | 0.00%             | 2028-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MDGH GMTN RSC LTD                                                          | MDGH GMTN RSC Ltd                                                                | CUSIP: 000000000<br>LEI: 213800WRY6FRL9IXLT77 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $201105.17    | 0.00%             | 2028-11-07      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MOLSON COORS BEVERAGE                                                      | Molson Coors Beverage Co                                                         | CUSIP: 60871RAG5<br>LEI: 54930073LBBH6ZCBE225 | Long             | DBT              | CORP              | US        |    596000 | PA      | $587176.26    | 0.01%             | 2026-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                                                | Southern Co/The                                                                  | CUSIP: 842587DE4<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    300000 | PA      | $289189.82    | 0.01%             | 2030-04-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CCR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $13787109.45  | 0.31%             | 2028-07-31      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                                           | Paramount Global                                                                 | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    305000 | PA      | $300653.12    | 0.01%             | 2062-03-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                                     | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAD7<br>LEI: N/A                  | Long             | DBT              |  | US        |    240000 | PA      | $235925.29    | 0.01%             | 2027-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| KFW                                                                        | Kreditanstalt fuer Wiederaufbau                                                  | CUSIP: 500769KE3<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |   1335000 | PA      | $1341797.63   | 0.03%             | 2027-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| S&P GLOBAL INC                                                             | S&P Global Inc                                                                   | CUSIP: 78409VBJ2<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    390000 | PA      | $368850.49    | 0.01%             | 2029-03-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                                                      | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1152987.85   | 0.03%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TEXAS EASTERN TRANSMISSI                                                   | Texas Eastern Transmission LP                                                    | CUSIP: 882384AD2<br>LEI: 549300SIOULUXXIDGA69 | Long             | DBT              | CORP              | US        |    110000 | PA      | $107518.68    | 0.00%             | 2028-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                                        | Charles Schwab Corp/The                                                          | CUSIP: 808513AU9<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |     95000 | PA      | $92682.70     | 0.00%             | 2028-01-25      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 31307RU86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    137848 | PA      | $132385.96    | 0.00%             | 2031-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PLANET FINANCIAL GROUP                                                     | Planet Financial Group LLC                                                       | CUSIP: 72702AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $153151.44    | 0.00%             | 2029-12-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| NETFLIX INC                                                                | Netflix Inc                                                                      | CUSIP: 64110LAV8<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    305000 | PA      | $310706.85    | 0.01%             | 2030-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Brookfield Finance Inc                                                     | Brookfield Finance Inc                                                           | CUSIP: 11271LAC6<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    450000 | PA      | $443218.65    | 0.01%             | 2028-01-25      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                                          | Rakuten Group Inc                                                                | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    575000 | PA      | $632232.46    | 0.01%             | 2029-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                                                  | MSBAM                                                                            | CUSIP: 61778GAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $207109.88    | 0.00%             | 2058-03-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                                          | Johnson & Johnson                                                                | CUSIP: 478160DJ0<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    480000 | PA      | $489743.40    | 0.01%             | 2030-03-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                                | Citibank NA                                                                      | CUSIP: 17325FBN7<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1002944.84   | 0.02%             | 2027-05-29      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                                               | AES Corp/The                                                                     | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    285000 | PA      | $288832.37    | 0.01%             | 2055-01-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TMY8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125545.28    | 0.00%             | 2027-01-08      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                                                    | Nationwide Building Society                                                      | CUSIP: 63859WAE9<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    265000 | PA      | $262455.72    | 0.01%             | 2026-09-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                                    | National Bank of Canada                                                          | CUSIP: 63307A3D5<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |    315000 | PA      | $316713.58    | 0.01%             | 2028-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                                   | Rogers Communications Inc                                                        | CUSIP: 775109BF7<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $122175.41    | 0.00%             | 2026-11-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                                       | Keurig Dr Pepper Inc                                                             | CUSIP: 49271VAF7<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    450000 | PA      | $451922.72    | 0.01%             | 2028-05-25      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Co                                                       | Kraft Heinz Foods Co                                                             | CUSIP: 50077LAT3<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85093.30     | 0.00%             | 2029-01-30      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NIPPON LIFE INSURANCE                                                      | Nippon Life Insurance Co                                                         | CUSIP: 654579AG6<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    355000 | PA      | $328641.80    | 0.01%             | 2050-01-23      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Constellation Brands Inc                                                   | Constellation Brands Inc                                                         | CUSIP: 21036PAY4<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    280000 | PA      | $274429.01    | 0.01%             | 2028-02-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| DOC DR LLC                                                                 | DOC DR LLC                                                                       | CUSIP: 71951QAB8<br>LEI: 549300P6Q1UMT0X60U20 | Long             | DBT              |  | US        |    215000 | PA      | $212394.51    | 0.00%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                     | American Honda Finance Corp                                                      | CUSIP: 02665WCE9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    180000 | PA      | $176083.65    | 0.00%             | 2028-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                               | Barclays PLC                                                                     | CUSIP: 06738ECK9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $421215.32    | 0.01%             | 2029-09-13      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                      | Wells Fargo & Co                                                                 | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1392697.05   | 0.03%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Valero Energy Corp                                                         | Valero Energy Corp                                                               | CUSIP: 91913YAW0<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |    105000 | PA      | $103012.77    | 0.00%             | 2029-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL                                                   | Jackson National Life Global Funding                                             | CUSIP: 46849LTL5<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |     55000 | PA      | $51476.83     | 0.00%             | 2029-06-21      | Fixed         | 3.05%                 | No            |                  2 | On Loan: —       |
| COCA-COLA CO/THE                                                           | Coca-Cola Co/The                                                                 | CUSIP: 191216CT5<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    350000 | PA      | $337719.89    | 0.01%             | 2030-03-25      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| MOSAIC CO                                                                  | Mosaic Co/The                                                                    | CUSIP: 61945CAG8<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | DBT              | CORP              | US        |    225000 | PA      | $222460.45    | 0.01%             | 2027-11-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                         | Banco Santander SA                                                               | CUSIP: 05964HAB1<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    210000 | PA      | $209003.71    | 0.00%             | 2027-04-11      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| EXPERIAN FINANCE PLC                                                       | Experian Finance PLC                                                             | CUSIP: 30217AAC7<br>LEI: 635400RKRK5EGXSPC782 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $232106.89    | 0.01%             | 2030-03-08      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                                                      | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AP1<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110012.57    | 0.00%             | 2026-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WE SODA INV HOLDING PLC                                                    | WE Soda Investments Holding PLC                                                  | CUSIP: 000000000<br>LEI: 984500SE38C07DB47A90 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $209133.75    | 0.00%             | 2028-10-06      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| PVH CORP                                                                   | PVH Corp                                                                         | CUSIP: 693656AE0<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75563.90     | 0.00%             | 2030-06-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                                                   | Santander UK Group Holdings PLC                                                  | CUSIP: 80281LAG0<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    235000 | PA      | $230121.16    | 0.01%             | 2028-11-03      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                                             | Transocean Inc                                                                   | CUSIP: 893830BY4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |    270000 | PA      | $255128.10    | 0.01%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TNB GLOBAL VENTURES CAP                                                    | TNB Global Ventures Capital Bhd                                                  | CUSIP: 000000000<br>LEI: 5493004U8XEGPFWIBZ14 | Long             | DBT              | CORP              | MY        |    200000 | PA      | $196539.99    | 0.00%             | 2026-10-19      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                   | Mars Inc                                                                         | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1315000 | PA      | $1327892.97   | 0.03%             | 2030-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XEB8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    470000 | PA      | $483918.21    | 0.01%             | 2028-01-09      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                                       | Saudi Government International Bonds                                             | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |   1600000 | PA      | $1570021.10   | 0.04%             | 2028-03-04      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| KOREA GAS CORP                                                             | Korea Gas Corp                                                                   | CUSIP: 50066CAH2<br>LEI: 988400TFZILHBD5M3R71 | Long             | DBT              | NUSS              | KR        |    400000 | PA      | $396487.28    | 0.01%             | 2026-07-02      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                           | Crown Castle Inc                                                                 | CUSIP: 22822VBB6<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |     75000 | PA      | $75334.02     | 0.00%             | 2028-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                                     | Daimler Truck Finance North America LLC                                          | CUSIP: 233853BD1<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    280000 | PA      | $286086.72    | 0.01%             | 2030-01-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS LP                                                         | Regency Centers LP                                                               | CUSIP: 75884RBA0<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |    150000 | PA      | $144570.12    | 0.00%             | 2030-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Fiserv Inc                                                                 | Fiserv Inc                                                                       | CUSIP: 337738AR9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    299000 | PA      | $296041.41    | 0.01%             | 2028-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138WJRT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1037634 | PA      | $992172.77    | 0.02%             | 2032-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                                                     | Commonwealth Bank of Australia                                                   | CUSIP: 2027A0HY8<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |     45000 | PA      | $44209.03     | 0.00%             | 2026-09-06      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                        | American Express Co                                                              | CUSIP: 025816CW7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    290000 | PA      | $288492.35    | 0.01%             | 2029-05-03      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME                                                     | Blue Owl Credit Income Corp                                                      | CUSIP: 69120VAP6<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    215000 | PA      | $224719.17    | 0.01%             | 2027-09-16      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Transocean Poseidon Ltd                                                    | Transocean Poseidon Ltd                                                          | CUSIP: 89383JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     91875 | PA      | $91883.75     | 0.00%             | 2027-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS                                                     | Zimmer Biomet Holdings Inc                                                       | CUSIP: 98956PBB7<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | DBT              | CORP              | US        |    180000 | PA      | $183449.25    | 0.00%             | 2030-02-19      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| SISECAM UK PLC                                                             | Sisecam UK PLC                                                                   | CUSIP: 000000000<br>LEI: 789000T82YRLMLUOC889 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $205072.49    | 0.00%             | 2029-05-02      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| HPHT FINANCE 21 II LTD                                                     | HPHT Finance 21 II Ltd                                                           | CUSIP: 000000000<br>LEI: 254900SLH6EYTB8QK559 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $192825.67    | 0.00%             | 2026-09-17      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| HERSHEY COMPANY                                                            | Hershey Co/The                                                                   | CUSIP: 427866BH0<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120443.07    | 0.00%             | 2028-05-04      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                                   | Penske Truck Leasing Co Lp / PTL Finance Corp                                    | CUSIP: 709599BH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $94910.43     | 0.00%             | 2029-11-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                     | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607PH98<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $403245.34    | 0.01%             | 2029-03-30      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| Mylan Inc                                                                  | Mylan Inc                                                                        | CUSIP: 628530BK2<br>LEI: 30ZMPDNA1RHIBH89C294 | Long             | DBT              | CORP              | US        |    205000 | PA      | $202519.92    | 0.00%             | 2028-04-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ALSEA S.A.                                                                 | Alsea SAB de CV                                                                  | CUSIP: 000000000<br>LEI: 4469000001BJLPKNUN21 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $201564.98    | 0.00%             | 2026-12-14      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DIAGEO CAPITAL PLC                                                         | Diageo Capital PLC                                                               | CUSIP: 25243YBG3<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |    305000 | PA      | $311248.03    | 0.01%             | 2027-10-24      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                                               | CD 2016-CD2 Mortgage Trust                                                       | CUSIP: 12515ABD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    946335 | PA      | $928300.29    | 0.02%             | 2049-11-10      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DEERE & COMPANY                                                            | Deere & Co                                                                       | CUSIP: 244199BJ3<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | DBT              | CORP              | US        |    200000 | PA      | $189323.39    | 0.00%             | 2030-04-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140QKJG4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2033584 | PA      | $1851274.11   | 0.04%             | 2036-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY FINANCE LTD                                                    | Studio City Finance Ltd                                                          | CUSIP: 86389QAF9<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |    160000 | PA      | $158508.26    | 0.00%             | 2028-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Crown Cork & Seal Co Inc                                                   | Crown Cork & Seal Co Inc                                                         | CUSIP: 228255AH8<br>LEI: 7HLDMDH0ZXNUH6PT7Z42 | Long             | DBT              | CORP              | US        |    111000 | PA      | $114359.67    | 0.00%             | 2026-12-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                                     | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    400000 | PA      | $388457.38    | 0.01%             | 2028-09-28      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140EULA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8044 | PA      | $7894.84      | 0.00%             | 2031-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME                                                     | Blue Owl Credit Income Corp                                                      | CUSIP: 09581CAD3<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300522.31    | 0.01%             | 2030-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                   | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668CP5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200985.89    | 0.00%             | 2028-03-27      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| GREENKO POWER II LTD                                                       | Greenko Power II Ltd                                                             | CUSIP: 000000000<br>LEI: 254900YYA4B6O2O4JM12 | Long             | DBT              | CORP              | MU        |    159500 | PA      | $150829.16    | 0.00%             | 2028-12-13      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| KOREA DEVELOPMENT BANK                                                     | Korea Development Bank/The                                                       | CUSIP: 500630DL9<br>LEI: 549300ML2LNRZUCS7149 | Long             | DBT              | NUSS              | KR        |    400000 | PA      | $385425.71    | 0.01%             | 2026-09-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                          | Newell Brands Inc                                                                | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    375000 | PA      | $393379.51    | 0.01%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                     | American Honda Finance Corp                                                      | CUSIP: 02665WEH0<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199785.25    | 0.00%             | 2030-04-17      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| NORTHERN TRUST CORP                                                        | Northern Trust Corp                                                              | CUSIP: 665859AV6<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    300000 | PA      | $269376.25    | 0.01%             | 2030-05-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD CT                                                         | UBS AG/Stamford CT                                                               | CUSIP: 22550L2M2<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |    905000 | PA      | $972327.20    | 0.02%             | 2028-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                           | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137HAQ74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10000000 | PA      | $10113189.20  | 0.23%             | 2028-08-25      | Variable      | 4.74%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                                                        | American Tower Corp                                                              | CUSIP: 03027XAK6<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    247000 | PA      | $243657.19    | 0.01%             | 2026-10-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                                    | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    280000 | PA      | $280889.18    | 0.01%             | 2026-08-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GLOBAL                                                   | Sammons Financial Group Global Funding                                           | CUSIP: 79587J2B8<br>LEI: 635400IPRNPM6HDHRS48 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151633.87    | 0.00%             | 2028-01-10      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| VISA INC                                                                   | Visa Inc                                                                         | CUSIP: 92826CAM4<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |    450000 | PA      | $407684.28    | 0.01%             | 2030-04-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TFT7<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    205000 | PA      | $200585.75    | 0.00%             | 2029-01-08      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                                                    | GLP Capital LP / GLP Financing II Inc                                            | CUSIP: 361841AK5<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              |  | US        |     97000 | PA      | $99069.46     | 0.00%             | 2028-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                                                   | Sumitomo Mitsui Trust Bank Ltd                                                   | CUSIP: 86563VBX6<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $200159.84    | 0.00%             | 2028-03-13      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                    | Carmax Auto Owner Trust 2025-2                                                   | CUSIP: 14320AAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $802804.50    | 0.02%             | 2030-03-15      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| ESSENTIAL UTILITIES INC                                                    | Essential Utilities Inc                                                          | CUSIP: 03836WAB9<br>LEI: 549300ILTEOF3E3QY357 | Long             | DBT              | CORP              | US        |    120000 | PA      | $115823.36    | 0.00%             | 2029-05-01      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| ESSEX PORTFOLIO LP                                                         | Essex Portfolio LP                                                               | CUSIP: 29717PAU1<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              |  | US        |    185000 | PA      | $172689.94    | 0.00%             | 2030-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES                                                      | TransCanada PipeLines Ltd                                                        | CUSIP: 89352HAW9<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |    515000 | PA      | $511708.93    | 0.01%             | 2028-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| EMPIRE COMMUNITIES CORP                                                    | Empire Communities Corp                                                          | CUSIP: 29163VAG8<br>LEI: 549300JM1L6KK2QFP273 | Long             | DBT              | CORP              | CA        |    145000 | PA      | $148023.36    | 0.00%             | 2029-05-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138WF6J0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     16606 | PA      | $15966.26     | 0.00%             | 2030-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                                                        | Abbott Laboratories                                                              | CUSIP: 002824BF6<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    575000 | PA      | $571691.89    | 0.01%             | 2026-11-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                     | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406YAA0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    220000 | PA      | $210930.93    | 0.00%             | 2029-08-23      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                                                        | FS KKR Capital Corp                                                              | CUSIP: 302635AH0<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28838.99     | 0.00%             | 2027-01-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CMP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8844000 | PA      | $8857818.75   | 0.20%             | 2027-02-28      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| INCORA TOP HOLDCO LLC 6 31JA                                               | INCORA TOP HOLDCO LLC 6 31JA                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    138526 | PA      | $133760.33    | 0.00%             | 2033-01-31      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| NCL CORPORATION LTD                                                        | NCL Corp Ltd                                                                     | CUSIP: 62886HBE0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    295000 | PA      | $295735.88    | 0.01%             | 2027-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MA'ADEN SUKUK LTD                                                          | Ma'aden Sukuk Ltd                                                                | CUSIP: 000000000<br>LEI: 254900QDNU6I6VA8UL14 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $203769.03    | 0.00%             | 2030-02-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ABZ9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    405000 | PA      | $391596.70    | 0.01%             | 2026-09-17      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ADK0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    190000 | PA      | $190428.21    | 0.00%             | 2027-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                                      | Uber Technologies Inc                                                            | CUSIP: 90353TAK6<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    435000 | PA      | $431252.43    | 0.01%             | 2029-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MDGH GMTN RSC LTD                                                          | MDGH GMTN RSC Ltd                                                                | CUSIP: 000000000<br>LEI: 213800WRY6FRL9IXLT77 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $195551.20    | 0.00%             | 2029-04-19      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds                                   | Indonesia Government International Bonds                                         | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    400000 | PA      | $397542.74    | 0.01%             | 2027-07-18      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD CT                                                         | UBS AG/Stamford CT                                                               | CUSIP: 22550L2K6<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |    420000 | PA      | $425000.43    | 0.01%             | 2027-07-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                                    | Metropolitan Life Global Funding I                                               | CUSIP: 59217GFQ7<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    180000 | PA      | $185603.14    | 0.00%             | 2028-09-12      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                                           | LPL Holdings Inc                                                                 | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    280000 | PA      | $271421.13    | 0.01%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                                           | Ryder System Inc                                                                 | CUSIP: 78355HLB3<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61966.94     | 0.00%             | 2029-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                                   | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    375000 | PA      | $353753.61    | 0.01%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                                                     | Protective Life Global Funding                                                   | CUSIP: 74368CBH6<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |    205000 | PA      | $197953.11    | 0.00%             | 2026-09-20      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| SIAM COMMERCIAL BANK CAY                                                   | Siam Commercial Bank PCL/Cayman Islands                                          | CUSIP: 000000000<br>LEI: 54930068OELHUBHH1U03 | Long             | DBT              | CORP              | TH        |    200000 | PA      | $197783.63    | 0.00%             | 2029-02-11      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| AHLI UNITED SUKUK LTD                                                      | Ahli United Sukuk Ltd                                                            | CUSIP: 000000000<br>LEI: 635400FGR2AAOFC9FX86 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $194566.48    | 0.00%             | 2026-06-17      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MASSMUTUAL GLOBAL FUNDIN                                                   | MassMutual Global Funding II                                                     | CUSIP: 57629TBX4<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250208.04    | 0.01%             | 2030-05-07      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MINERALS TECHNOLOGIES IN                                                   | Minerals Technologies Inc                                                        | CUSIP: 603158AA4<br>LEI: 549300D3I1QU67GP6403 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118209.61    | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & CO                                                             | McCormick & Co Inc/MD                                                            | CUSIP: 579780AQ0<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |    150000 | PA      | $137053.83    | 0.00%             | 2030-04-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TJF3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    202000 | PA      | $190080.06    | 0.00%             | 2028-04-06      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| IDEX CORP                                                                  | IDEX Corp                                                                        | CUSIP: 45167RAG9<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | DBT              | CORP              | US        |    150000 | PA      | $139317.70    | 0.00%             | 2030-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PEJ1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    825000 | PA      | $839223.51    | 0.02%             | 2030-07-22      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PART                                                     | Brixmor Operating Partnership LP                                                 | CUSIP: 11120VAH6<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              |  | US        |    210000 | PA      | $206370.19    | 0.00%             | 2029-05-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Western Digital Corp                                                       | Western Digital Corp                                                             | CUSIP: 958102AM7<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |      9000 | PA      | $8978.70      | 0.00%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GF                                                       | American National Global Funding                                                 | CUSIP: 02771D2B9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $125772.74    | 0.00%             | 2030-06-03      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                          | NatWest Group PLC                                                                | CUSIP: 780097BG5<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    545000 | PA      | $549318.05    | 0.01%             | 2029-05-18      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| ICBCIL FINANCE CO LTD                                                      | ICBCIL Finance Co Ltd                                                            | CUSIP: 000000000<br>LEI: 549300ZCUURSNVTOEU07 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $194386.67    | 0.00%             | 2026-11-02      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| General Motors Co                                                          | General Motors Co                                                                | CUSIP: 37045VAS9<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |     95000 | PA      | $95789.15     | 0.00%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHINALCO CAPITAL HOLDING                                                   | Chinalco Capital Holdings Ltd                                                    | CUSIP: 000000000<br>LEI: 5493003PX4GYVUD3CQ19 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $201512.18    | 0.00%             | 2028-02-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                      | Wells Fargo & Co                                                                 | CUSIP: 95000U3A9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    924000 | PA      | $928941.04    | 0.02%             | 2028-07-25      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                                                     | John Deere Owner Trust 2024                                                      | CUSIP: 47800RAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    320000 | PA      | $322086.85    | 0.01%             | 2028-11-15      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                                     | Mizuho Financial Group Inc                                                       | CUSIP: 60687YDD8<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    205000 | PA      | $209847.55    | 0.00%             | 2030-05-26      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ENSTAR FINANCE LLC                                                         | Enstar Finance LLC                                                               | CUSIP: 29360AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $167217.56    | 0.00%             | 2042-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                                   | Saudi Government International Bond                                              | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |   1200000 | PA      | $1195808.34   | 0.03%             | 2029-04-16      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI                                                   | SMBC Aviation Capital Finance DAC                                                | CUSIP: 78448TAG7<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |    260000 | PA      | $251335.24    | 0.01%             | 2026-10-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                                               | Comcast Corp                                                                     | CUSIP: 20030NCA7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    595000 | PA      | $578494.22    | 0.01%             | 2028-02-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| CSX CORP                                                                   | CSX Corp                                                                         | CUSIP: 126408HQ9<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    100000 | PA      | $92051.37     | 0.00%             | 2030-02-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| METHANEX CORP                                                              | Methanex Corp                                                                    | CUSIP: 59151KAM0<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |    220000 | PA      | $219183.05    | 0.00%             | 2027-10-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                                      | Williams Scotsman Inc                                                            | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    155000 | PA      | $159876.49    | 0.00%             | 2030-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                                                     | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $279714.35    | 0.01%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                                              | Aircastle Ltd                                                                    | CUSIP: 00928QAX9<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    205000 | PA      | $214207.20    | 0.00%             | 2028-07-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                                              | PRA Group Inc                                                                    | CUSIP: 69354NAD8<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    110000 | PA      | $101605.06    | 0.00%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| BHP BILLITON FIN USA LTD                                                   | BHP Billiton Finance USA Ltd                                                     | CUSIP: 055451BJ6<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    295000 | PA      | $301971.04    | 0.01%             | 2030-02-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KFW                                                                        | Kreditanstalt fuer Wiederaufbau                                                  | CUSIP: 500769KK9<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |    145000 | PA      | $143531.46    | 0.00%             | 2030-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Mastercard Inc                                                             | Mastercard Inc                                                                   | CUSIP: 57636QAM6<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    330000 | PA      | $315790.59    | 0.01%             | 2029-06-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                                                   | New Enterprise Stone & Lime Co Inc                                               | CUSIP: 644274AG7<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80265.21     | 0.00%             | 2028-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: —       |
| AUST & NZ BANKING GRP NY                                                   | Australia & New Zealand Banking Group Ltd/New York NY                            | CUSIP: 05253JB42<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |    250000 | PA      | $248491.60    | 0.01%             | 2027-09-30      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                                                   | Graphic Packaging International LLC                                              | CUSIP: 38869AAC1<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    100000 | PA      | $93971.63     | 0.00%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA                                                   | Cooperatieve Rabobank UA                                                         | CUSIP: 74977RDN1<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    375000 | PA      | $369430.62    | 0.01%             | 2028-04-06      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA                                                   | Export-Import Bank of Korea                                                      | CUSIP: 302154DY2<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |    600000 | PA      | $614541.10    | 0.01%             | 2028-09-18      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INC                                                      | Texas Instruments Inc                                                            | CUSIP: 882508CG7<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101129.57    | 0.00%             | 2029-02-08      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                                                           | LG Energy Solution Ltd                                                           | CUSIP: 000000000<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $202002.96    | 0.00%             | 2028-04-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                                                   | Sinclair Television Group Inc                                                    | CUSIP: 829259AY6<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    180000 | PA      | $148659.29    | 0.00%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| PRUDENTIAL FUNDING ASIA                                                    | Prudential Funding Asia PLC                                                      | CUSIP: 000000000<br>LEI: 2549005TNASWKLR0XC37 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $376997.24    | 0.01%             | 2033-11-03      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                    | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100611.94    | 0.00%             | 2028-04-23      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                                                | Walmart Inc                                                                      | CUSIP: 931142EX7<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    245000 | PA      | $244467.47    | 0.01%             | 2027-09-09      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Public Service New Hampshire Funding Llc.                                  | PSNH Funding LLC 3                                                               | CUSIP: 69363PAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $483534.80    | 0.01%             | 2035-02-01      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                                                      | Duke Energy Carolinas LLC                                                        | CUSIP: 264399DK9<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31388.16     | 0.00%             | 2028-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| Dollar General Corp                                                        | Dollar General Corp                                                              | CUSIP: 256677AF2<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |    140000 | PA      | $138546.47    | 0.00%             | 2028-05-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| TOLL BROS FINANCE CORP                                                     | Toll Brothers Finance Corp                                                       | CUSIP: 88947EAT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $49766.88     | 0.00%             | 2028-02-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| CONTOURGLOBAL POWER HLDG                                                   | ContourGlobal Power Holdings SA                                                  | CUSIP: 21220LAB9<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $205289.27    | 0.00%             | 2030-02-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                                   | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195717.68    | 0.00%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NY STATE ELECTRIC & GAS                                                    | New York State Electric & Gas Corp                                               | CUSIP: 649840CU7<br>LEI: 549300GEC6J0YHUXA160 | Long             | DBT              | CORP              | US        |     57000 | PA      | $58997.92     | 0.00%             | 2028-08-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                        | Elevance Health Inc                                                              | CUSIP: 036752AL7<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    245000 | PA      | $229540.89    | 0.01%             | 2029-09-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BOC AVIATION USA CORP                                                      | BOC Aviation USA Corp                                                            | CUSIP: 000000000<br>LEI: 254900QKLTY6MF4Y3P65 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201169.90    | 0.00%             | 2028-01-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AGRICULTURAL BK CHINA/HK                                                   | Agricultural Bank of China Ltd/Hong Kong                                         | CUSIP: 000000000<br>LEI: 549300E7TSGLCOVSY746 | Long             | DBT              | CORP              | CN        |    400000 | PA      | $399936.36    | 0.01%             | 2028-04-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                         | Realty Income Corp                                                               | CUSIP: 756109CC6<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |    150000 | PA      | $143469.75    | 0.00%             | 2030-01-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                                     | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BN0<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    250000 | PA      | $242528.34    | 0.01%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLEX LTD                                                                   | Flex Ltd                                                                         | CUSIP: 33938XAE5<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |    165000 | PA      | $169597.17    | 0.00%             | 2028-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397C27<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    510000 | PA      | $505807.59    | 0.01%             | 2027-05-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                                                   | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 03969AAR1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    315000 | PA      | $155956.76    | 0.00%             | 2027-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                                    | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAE5<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86233.64     | 0.00%             | 2026-09-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                                                         | Bausch + Lomb Corp                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |    420000 | PA      | $438968.68    | 0.01%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI                                                   | SMBC Aviation Capital Finance DAC                                                | CUSIP: 78448TAF9<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $187165.31    | 0.00%             | 2028-06-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| ALEXANDER FUND TRUST II                                                    | Alexander Funding Trust II                                                       | CUSIP: 014916AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $239529.44    | 0.01%             | 2028-07-31      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                           | Societe Generale SA                                                              | CUSIP: 83368RBR2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    495000 | PA      | $513523.49    | 0.01%             | 2029-01-10      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| STANLEY BLACK & DECKER I                                                   | Stanley Black & Decker Inc                                                       | CUSIP: 854502AT8<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |    180000 | PA      | $186367.70    | 0.00%             | 2028-03-06      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS                                                   | Huntington Ingalls Industries Inc                                                | CUSIP: 446413AL0<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |    225000 | PA      | $219364.81    | 0.00%             | 2027-12-01      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| GREAT CAN GAMING/RAPTOR                                                    | Great Canadian Gaming Corp/Raptor LLC                                            | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | XX        |    155000 | PA      | $151850.04    | 0.00%             | 2029-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| FXI HOLDINGS INC                                                           | FXI Holdings Inc                                                                 | CUSIP: 35166FAA0<br>LEI: 549300VLKCUZW3MSVS50 | Long             | DBT              | CORP              | US        |    245000 | PA      | $219248.15    | 0.00%             | 2026-11-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                                                       | Cornerstone Building Brands Inc                                                  | CUSIP: 21925DAA7<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |     95000 | PA      | $69843.50     | 0.00%             | 2029-01-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                                              | CoreWeave Inc                                                                    | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    600000 | PA      | $603049.26    | 0.01%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                                                     | Marvell Technology Inc                                                           | CUSIP: 573874AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $57001.12     | 0.00%             | 2028-04-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| KFW                                                                        | Kreditanstalt fuer Wiederaufbau                                                  | CUSIP: 500769JW5<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |   2085000 | PA      | $2077255.39   | 0.05%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                                                   | Discovery Communications LLC                                                     | CUSIP: 25470DBS7<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    369000 | PA      | $355157.49    | 0.01%             | 2028-03-20      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp                                                      | Northrop Grumman Corp                                                            | CUSIP: 666807BK7<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88440.39     | 0.00%             | 2027-02-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                           | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FMTS1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    460000 | PA      | $427995.40    | 0.01%             | 2031-05-25      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                           | Altice France SA                                                                 | CUSIP: 02156LAC5<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    325000 | PA      | $288999.75    | 0.01%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                                                     | Energizer Holdings Inc                                                           | CUSIP: 29272WAF6<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    105000 | PA      | $106455.52    | 0.00%             | 2027-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| AMIPEACE LTD                                                               | Amipeace Ltd                                                                     | CUSIP: 000000000<br>LEI: 549300Z8IOSIIKWF5763 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $193578.77    | 0.00%             | 2026-11-09      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                     | Santander Drive Auto Receivables Trust 2025-2                                    | CUSIP: 80287NAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $501425.63    | 0.01%             | 2029-08-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| MANITOBA (PROVINCE OF)                                                     | Province of Manitoba Canada                                                      | CUSIP: 563469UY9<br>LEI: 5493003QILFOB3JRKE30 | Long             | DBT              | NUSS              | CA        |    360000 | PA      | $332200.22    | 0.01%             | 2028-10-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: —       |
| BANK OF NOVA SCOTIA                                                        | Bank of Nova Scotia/The                                                          | CUSIP: 06418GAK3<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    195000 | PA      | $201878.21    | 0.00%             | 2029-08-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EXR5<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    290000 | PA      | $293802.42    | 0.01%             | 2027-06-11      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| UniCredit SpA                                                              | UniCredit SpA                                                                    | CUSIP: 904678AF6<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    330000 | PA      | $332553.04    | 0.01%             | 2032-06-19      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| OWENS CORNING                                                              | Owens Corning                                                                    | CUSIP: 690742AJ0<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |    105000 | PA      | $102577.06    | 0.00%             | 2029-08-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                                                | PepsiCo Inc                                                                      | CUSIP: 713448EZ7<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    300000 | PA      | $265325.72    | 0.01%             | 2030-05-01      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                       | Bank of America Corp                                                             | CUSIP: 06051GKW8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1109833.12   | 0.03%             | 2028-07-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                                                   | Graphic Packaging International LLC                                              | CUSIP: 38869AAA5<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    105000 | PA      | $103390.15    | 0.00%             | 2027-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MITSUI FUDOSAN CO LTD                                                      | Mitsui Fudosan Co Ltd                                                            | CUSIP: 60683MAA7<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $196488.21    | 0.00%             | 2027-07-20      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                                                  | Apple Inc                                                                        | CUSIP: 037833CJ7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    800000 | PA      | $791048.75    | 0.02%             | 2027-02-09      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| LENOVO GROUP LTD                                                           | Lenovo Group Ltd                                                                 | CUSIP: 000000000<br>LEI: 254900VUZRGD5U73RE46 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $204980.90    | 0.00%             | 2028-01-27      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                                                   | Sumitomo Mitsui Trust Bank Ltd                                                   | CUSIP: 86563VBK4<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $202512.12    | 0.00%             | 2026-09-14      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BRITISH COLUMBIA PROV OF                                                   | Province of British Columbia Canada                                              | CUSIP: 110709AH5<br>LEI: 54930058TO7MEKUHWL16 | Long             | DBT              | NUSS              | CA        |    935000 | PA      | $905386.32    | 0.02%             | 2026-07-20      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD LP                                                       | Cantor Fitzgerald LP                                                             | CUSIP: 138616AK3<br>LEI: 549300RLUEEVQEMX0450 | Long             | DBT              | CORP              | US        |    192000 | PA      | $189996.00    | 0.00%             | 2027-04-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                                             | Air Lease Corp                                                                   | CUSIP: 00914AAE2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    155000 | PA      | $147195.06    | 0.00%             | 2029-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MTN MAURITIUS INVSTMENTS                                                   | MTN Mauritius Investments Ltd                                                    | CUSIP: 000000000<br>LEI: 2549009PQD415OQIR074 | Long             | DBT              | CORP              | MU        |    200000 | PA      | $201087.70    | 0.00%             | 2026-10-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TRANSNET SOC LTD                                                           | Transnet SOC Ltd                                                                 | CUSIP: 000000000<br>LEI: 378900B07CD6F01EA796 | Long             | DBT              | CORP              | ZA        |    400000 | PA      | $416370.92    | 0.01%             | 2028-02-06      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                                                   | Sumitomo Mitsui Trust Bank Ltd                                                   | CUSIP: 86563VBQ1<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $204424.42    | 0.00%             | 2029-03-07      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                   | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668BV3<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    220000 | PA      | $221962.20    | 0.01%             | 2026-09-12      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                                        | Braskem Netherlands Finance BV                                                   | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $305376.17    | 0.01%             | 2028-01-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                                               | AES Corp/The                                                                     | CUSIP: 00130HCH6<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    335000 | PA      | $340245.05    | 0.01%             | 2028-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                                                   | Brandywine Operating Partnership LP                                              | CUSIP: 105340AR4<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |    104000 | PA      | $110710.85    | 0.00%             | 2028-03-15      | Fixed         | 8.30%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp                                                         | Union Pacific Corp                                                               | CUSIP: 907818EP9<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    140000 | PA      | $136989.90    | 0.00%             | 2027-04-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                    | BPCE SA                                                                          | CUSIP: 05571AAZ8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $414822.44    | 0.01%             | 2031-01-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                                     | Turkiye Government International Bonds                                           | CUSIP: 900123CY4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    600000 | PA      | $573563.42    | 0.01%             | 2030-03-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JM SMUCKER CO                                                              | J M Smucker Co/The                                                               | CUSIP: 832696AW8<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |    280000 | PA      | $292583.74    | 0.01%             | 2028-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| INTL DEVELOPMENT ASSOC                                                     | International Development Association                                            | CUSIP: 45939E2C3<br>LEI: P41R60HC414IWQA1XW02 | Long             | DBT              | NUSS              | XX        |   1075000 | PA      | $1089701.65   | 0.02%             | 2029-11-27      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW ZEALAND                                                        | Bank of New Zealand                                                              | CUSIP: 06407EAG0<br>LEI: N7LGVZM7X4UQ66T7LT74 | Long             | DBT              | CORP              | NZ        |    270000 | PA      | $273062.15    | 0.01%             | 2028-02-07      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ONGC VIDESH VANKORNEFT                                                     | ONGC Videsh Vankorneft Pte Ltd                                                   | CUSIP: 000000000<br>LEI: 254900FXH0X0S4UIS503 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $198035.33    | 0.00%             | 2026-07-27      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| EG GLOBAL FINANCE PLC                                                      | eG Global Finance PLC                                                            | CUSIP: 28228PAC5<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $387266.60    | 0.01%             | 2028-11-30      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                         | Credit Agricole SA                                                               | CUSIP: 22535WAK3<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $255311.70    | 0.01%             | 2030-01-10      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY FINANCE LTD                                                    | Studio City Finance Ltd                                                          | CUSIP: 86389QAG7<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |    350000 | PA      | $328210.50    | 0.01%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                                                    | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              |  | US        |    683000 | PA      | $721585.45    | 0.02%             | 2028-02-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                                                     | Group 1 Automotive Inc                                                           | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |    250000 | PA      | $240912.99    | 0.01%             | 2028-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                                                           | Georgia Power Co                                                                 | CUSIP: 373334KL4<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    200000 | PA      | $187357.39    | 0.00%             | 2029-09-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| FAR EAST HORIZON LTD                                                       | Far East Horizon Ltd                                                             | CUSIP: 000000000<br>LEI: 549300S9XRGO1ZPUHE62 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $199473.08    | 0.00%             | 2028-03-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NEW FLYER HOLDINGS                                                         | New Flyer Holdings Inc                                                           | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    119000 | PA      | $126617.98    | 0.00%             | 2030-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MAZOON ASSETS CO SAOC                                                      | Mazoon Assets Co SAOC                                                            | CUSIP: 000000000<br>LEI: 6354003TDIRN5Y6LJP91 | Long             | DBT              | CORP              | OM        |    200000 | PA      | $203360.01    | 0.00%             | 2029-02-14      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KOREA NATIONAL OIL CORP                                                    | Korea National Oil Corp                                                          | CUSIP: 000000000<br>LEI: 988400ZTQ08W926ONT36 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $202284.67    | 0.00%             | 2030-03-31      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                | BNP Paribas SA                                                                   | CUSIP: 09659W2T0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    545000 | PA      | $529118.20    | 0.01%             | 2028-01-20      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS                                                     | Zimmer Biomet Holdings Inc                                                       | CUSIP: 98956PAX0<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | DBT              | CORP              | US        |    165000 | PA      | $169591.38    | 0.00%             | 2028-12-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AK3<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    245000 | PA      | $177380.08    | 0.00%             | 2029-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                                 | goeasy Ltd                                                                       | CUSIP: 380355AJ6<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $205974.67    | 0.00%             | 2029-07-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| GUARDIAN LIFE GLOB FUND                                                    | Guardian Life Global Funding                                                     | CUSIP: 40139LBG7<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |    450000 | PA      | $461303.28    | 0.01%             | 2027-10-28      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| KOMMUNALBANKEN AS                                                          | Kommunalbanken AS                                                                | CUSIP: 50048MDR8<br>LEI: I7ETN0QQO2AHZZGHJ389 | Long             | DBT              | NUSS              | NO        |    252000 | PA      | $252869.49    | 0.01%             | 2030-08-29      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| REAL HERO MERGER SUB 2                                                     | Real Hero Merger Sub 2 Inc                                                       | CUSIP: 75602BAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $130660.96    | 0.00%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| ENEL FINANCE INTL NV                                                       | Enel Finance International NV                                                    | CUSIP: 29278GAK4<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    220000 | PA      | $224262.45    | 0.01%             | 2029-06-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                     | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KCB4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     95000 | PA      | $91415.76     | 0.00%             | 2082-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                                         | Credit Agricole SA                                                               | CUSIP: 225313AK1<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    450000 | PA      | $437764.93    | 0.01%             | 2033-01-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COCA-COLA FEMSA SAB CV                                                     | Coca-Cola Femsa SAB de CV                                                        | CUSIP: 191241AH1<br>LEI: 5493008KEVFYPMGTXO33 | Long             | DBT              | CORP              | MX        |    250000 | PA      | $232201.60    | 0.01%             | 2030-01-22      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SCHLUMBERGER HLDGS CORP                                                    | Schlumberger Holdings Corp                                                       | CUSIP: 806851AQ4<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |    535000 | PA      | $535741.92    | 0.01%             | 2028-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138X0Z35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    150339 | PA      | $146694.07    | 0.00%             | 2028-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SUNNY EXPRESS                                                              | Sunny Express Enterprises Corp                                                   | CUSIP: 000000000<br>LEI: 254900RHBSC69QS5NZ68 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $190011.28    | 0.00%             | 2030-04-23      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| FRESENIUS MED CARE III                                                     | Fresenius Medical Care US Finance III Inc                                        | CUSIP: 35805BAA6<br>LEI: 5299006ZHLMXOOUVTU44 | Long             | DBT              | CORP              | US        |    155000 | PA      | $148294.88    | 0.00%             | 2029-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                                                        | Travel + Leisure Co                                                              | CUSIP: 894164AA0<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    175000 | PA      | $168032.34    | 0.00%             | 2029-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                                                        | LBM Acquisition LLC                                                              | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |    220000 | PA      | $193108.05    | 0.00%             | 2029-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                                                     | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $175182.31    | 0.00%             | 2028-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                                             | Transocean Inc                                                                   | CUSIP: 893830BL2<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |    171000 | PA      | $169695.87    | 0.00%             | 2027-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| DIAMONDBACK ENERGY INC                                                     | Diamondback Energy Inc                                                           | CUSIP: 25278XAM1<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    306000 | PA      | $301027.28    | 0.01%             | 2026-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                     | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KCT5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    320000 | PA      | $324439.45    | 0.01%             | 2029-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY DIRECT                                                      | Morgan Stanley Direct Lending Fund                                               | CUSIP: 61774AAF0<br>LEI: 549300QEX22T2J8IB029 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127981.42    | 0.00%             | 2029-05-17      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| COHERENT CORP                                                              | Coherent Corp                                                                    | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |    295000 | PA      | $288650.92    | 0.01%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TURKIYE GARANTI BANKASI                                                    | Turkiye Garanti Bankasi AS                                                       | CUSIP: 000000000<br>LEI: 5493002XSS7K7RHN1V37 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $203351.98    | 0.00%             | 2035-01-03      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CCH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4500000 | PA      | $4176210.96   | 0.09%             | 2028-06-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Manulife Financial Corp                                                    | Manulife Financial Corp                                                          | CUSIP: 56501RAE6<br>LEI: 5493007GBX87QOZACS27 | Long             | DBT              | CORP              | CA        |    327000 | PA      | $322455.23    | 0.01%             | 2032-02-24      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| HONG KONG SUKUK 2017 LTD                                                   | Hong Kong Sukuk 2017 Ltd                                                         | CUSIP: 000000000<br>LEI: 9845004EH88ADEFC6867 | Long             | DBT              | NUSS              | HK        |    200000 | PA      | $197529.36    | 0.00%             | 2027-02-28      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| SIXTH STREET LENDING PAR                                                   | Sixth Street Lending Partners                                                    | CUSIP: 829932AD4<br>LEI: 549300S9P1HMDERGCR64 | Long             | DBT              | CORP              | US        |    205000 | PA      | $205292.41    | 0.00%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                                    | International Bank for Reconstruction & Development                              | CUSIP: 459058LT8<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |      5000 | PA      | $4963.92      | 0.00%             | 2028-05-05      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| SINOCHEM OFFSHORE CAPITA                                                   | Sinochem Offshore Capital Co Ltd                                                 | CUSIP: 000000000<br>LEI: 3003004LKKZ33WMP2P47 | Long             | DBT              | CORP              | VG        |    400000 | PA      | $387881.30    | 0.01%             | 2026-11-24      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                                     | Turkiye Government International Bonds                                           | CUSIP: 900123CT5<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1000000 | PA      | $1048777.81   | 0.02%             | 2029-04-26      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                | BNP Paribas SA                                                                   | CUSIP: 09659W2K9<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    600000 | PA      | $557628.51    | 0.01%             | 2031-01-13      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| ZHONGSHENG GROUP                                                           | Zhongsheng Group Holdings Ltd                                                    | CUSIP: 000000000<br>LEI: 3003005VYMEBAJNJ2Y26 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $199803.49    | 0.00%             | 2028-01-30      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| AL RAJHI SUKUK LTD                                                         | Al Rajhi Sukuk Ltd                                                               | CUSIP: 000000000<br>LEI: 549300FHETHK3XGY8N60 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $202219.29    | 0.00%             | 2029-03-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                                       | Keurig Dr Pepper Inc                                                             | CUSIP: 49271VBA7<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99969.79     | 0.00%             | 2030-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                                                          | Expedia Group Inc                                                                | CUSIP: 30212PAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $353657.25    | 0.01%             | 2030-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                                                    | Oncor Electric Delivery Co LLC                                                   | CUSIP: 68233JCW2<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    177000 | PA      | $178551.68    | 0.00%             | 2029-11-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP                                                            | Nordea Bank Abp                                                                  | CUSIP: 65558RAG4<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |    210000 | PA      | $212319.33    | 0.00%             | 2027-03-19      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TWDC Enterprises 18 Corp                                                   | TWDC Enterprises 18 Corp                                                         | CUSIP: 25468PDM5<br>LEI: 7260JQNI6SCF9FIV2392 | Long             | DBT              | CORP              | US        |    290000 | PA      | $283240.97    | 0.01%             | 2026-07-30      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                                                             | TD SYNNEX Corp                                                                   | CUSIP: 87162WAF7<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |    235000 | PA      | $227893.75    | 0.01%             | 2026-08-09      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TNG6<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251011.78    | 0.01%             | 2027-05-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TRANSPRTDRA DE GAS INTL                                                    | Transportadora de Gas Internacional SA ESP                                       | CUSIP: 000000000<br>LEI: 529900780HCVLCEM2440 | Long             | DBT              | CORP              | CO        |    200000 | PA      | $202538.23    | 0.00%             | 2028-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                                   | RTX Corp                                                                         | CUSIP: 913017CH0<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    260000 | PA      | $254425.65    | 0.01%             | 2026-11-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Ventas Realty LP                                                           | Ventas Realty LP                                                                 | CUSIP: 92277GAN7<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              |  | US        |    225000 | PA      | $223732.06    | 0.01%             | 2029-01-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140J8GY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    227963 | PA      | $218247.21    | 0.00%             | 2031-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL                                                   | Jackson National Life Global Funding                                             | CUSIP: 46849CJP7<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150347.77    | 0.00%             | 2028-06-05      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BNG BANK NV                                                                | BNG Bank NV                                                                      | CUSIP: 05591F2U3<br>LEI: 529900GGYMNGRQTDOO93 | Long             | DBT              | NUSS              | NL        |    400000 | PA      | $404917.28    | 0.01%             | 2026-10-26      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                    | BPCE SA                                                                          | CUSIP: 05578AAY4<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    220000 | PA      | $223280.64    | 0.01%             | 2028-01-18      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| LEGAL & GENERAL GROUP                                                      | Legal & General Group PLC                                                        | CUSIP: 000000000<br>LEI: 213800JH9QQWHLO99821 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $599805.72    | 0.01%             | 2047-03-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                                                   | International Business Machines Corp                                             | CUSIP: 459200KT7<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    305000 | PA      | $304647.15    | 0.01%             | 2027-07-27      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| MASSMUTUAL GLOBAL FUNDIN                                                   | MassMutual Global Funding II                                                     | CUSIP: 57629W4T4<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |    190000 | PA      | $194554.31    | 0.00%             | 2029-05-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| NESTLE HOLDINGS INC                                                        | Nestle Holdings Inc                                                              | CUSIP: 641062AW4<br>LEI: 549300EAEU8YV8MQXP30 | Long             | DBT              | CORP              | US        |    210000 | PA      | $193816.26    | 0.00%             | 2028-09-14      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| KLA CORP                                                                   | KLA Corp                                                                         | CUSIP: 482480AG5<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |    270000 | PA      | $268407.83    | 0.01%             | 2029-03-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                                                  | Prosus NV                                                                        | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $189005.78    | 0.00%             | 2030-01-21      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL BANK PSQC/THE                                                   | Commercial Bank PSQC/The                                                         | CUSIP: 000000000<br>LEI: 2138004FUUD4I7X8H721 | Long             | DBT              | CORP              | QA        |    200000 | PA      | $196060.88    | 0.00%             | 2026-03-03      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                                                                 | Mattel Inc                                                                       | CUSIP: 577081BD3<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160242.07    | 0.00%             | 2027-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                                                      | Novartis Capital Corp                                                            | CUSIP: 66989HAT5<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    230000 | PA      | $227040.61    | 0.01%             | 2029-09-18      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                                   | Penske Truck Leasing Co Lp / PTL Finance Corp                                    | CUSIP: 709599BR4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $194969.73    | 0.00%             | 2027-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Woodside Finance Ltd                                                       | Woodside Finance Ltd                                                             | CUSIP: 980236AQ6<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |    565000 | PA      | $557125.87    | 0.01%             | 2029-03-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                                               | Calpine Corp                                                                     | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    380000 | PA      | $375853.57    | 0.01%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                   | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668BN1<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |     65000 | PA      | $60520.45     | 0.00%             | 2027-11-24      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Churchill Downs Inc                                                        | Churchill Downs Inc                                                              | CUSIP: 171484AE8<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    245000 | PA      | $241720.89    | 0.01%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| URBAN ONE INC                                                              | Urban One Inc                                                                    | CUSIP: 91705JAC9<br>LEI: 549300PLGIGPBRQUP240 | Long             | DBT              | CORP              | US        |    180000 | PA      | $106200.00    | 0.00%             | 2028-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MAN0<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    245000 | PA      | $241780.71    | 0.01%             | 2027-01-11      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                                                   | Citizens Financial Group Inc                                                     | CUSIP: 174610BJ3<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    225000 | PA      | $227609.89    | 0.01%             | 2031-03-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GUARDIAN LIFE GLOB FUND                                                    | Guardian Life Global Funding                                                     | CUSIP: 40139LAH6<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47293.39     | 0.00%             | 2027-07-06      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                     | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822BC7<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    300000 | PA      | $297420.90    | 0.01%             | 2028-09-11      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                               | Barclays PLC                                                                     | CUSIP: 06738ECT0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $200977.19    | 0.00%             | 2028-09-10      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA VEND FIN IV                                                   | Virgin Media Vendor Financing Notes IV DAC                                       | CUSIP: 92770QAA5<br>LEI: 635400ZZNJSEA4CAJR23 | Long             | DBT              | CORP              | IE        |    165000 | PA      | $159725.85    | 0.00%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARES STRATEGIC INCOME FU                                                   | Ares Strategic Income Fund                                                       | CUSIP: 04020EAD9<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |    215000 | PA      | $214290.81    | 0.00%             | 2030-02-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                                     | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAL6<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    165000 | PA      | $161105.84    | 0.00%             | 2026-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Serbia International Bonds                                                 | Serbia International Bonds                                                       | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    200000 | PA      | $206434.25    | 0.00%             | 2028-05-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNA                                                   | Compass Minerals International Inc                                               | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |    190000 | PA      | $196850.09    | 0.00%             | 2030-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                                                            | Chevron USA Inc                                                                  | CUSIP: 166756AR7<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |     46000 | PA      | $45752.77     | 0.00%             | 2028-01-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140J6C21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    339255 | PA      | $331450.96    | 0.01%             | 2031-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                   | Service Properties Trust                                                         | CUSIP: 44106MAY8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    120000 | PA      | $102318.60    | 0.00%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| ESSEX PORTFOLIO LP                                                         | Essex Portfolio LP                                                               | CUSIP: 29717PAY3<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              |  | US        |    360000 | PA      | $335261.97    | 0.01%             | 2028-03-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| FIRST CITIZENS BANCSHARE                                                   | First Citizens BancShares Inc/NC                                                 | CUSIP: 31959XAC7<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |    140000 | PA      | $140651.27    | 0.00%             | 2031-03-12      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CHU8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26787000 | PA      | $26842457.39  | 0.61%             | 2026-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                                                     | Aviation Capital Group LLC                                                       | CUSIP: 05369AAP6<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    125000 | PA      | $132395.95    | 0.00%             | 2028-10-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHINA DEVELOPMENT BK/HK                                                    | China Development Bank/Hong Kong                                                 | CUSIP: 000000000<br>LEI: 300300C1020111000029 | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $193499.78    | 0.00%             | 2027-02-16      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AMSTED INDUSTRIES                                                          | Amsted Industries Inc                                                            | CUSIP: 032177AJ6<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |    120000 | PA      | $114910.77    | 0.00%             | 2030-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SCHLUMBERGER HLDGS CORP                                                    | Schlumberger Holdings Corp                                                       | CUSIP: 806851AR2<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |    200000 | PA      | $183674.18    | 0.00%             | 2030-06-26      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| NSTAR ELECTRIC CO                                                          | NSTAR Electric Co                                                                | CUSIP: 67021CAX5<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |    140000 | PA      | $142086.58    | 0.00%             | 2030-03-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS                                                   | First Abu Dhabi Bank PJSC                                                        | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $201353.46    | 0.00%             | 2028-06-06      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                               | Broadcom Inc                                                                     | CUSIP: 11135FAL5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    420000 | PA      | $416352.52    | 0.01%             | 2028-09-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                                                   | Sabine Pass Liquefaction LLC                                                     | CUSIP: 785592AU0<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    500000 | PA      | $495996.16    | 0.01%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| FUJIAN ZHANGLONG GROUP                                                     | Fujian Zhanglong Group Co Ltd                                                    | CUSIP: 000000000<br>LEI: 300300NZQXHJOPFUGP79 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $203702.65    | 0.00%             | 2026-09-02      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                                                     | Motorola Solutions Inc                                                           | CUSIP: 620076BL2<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    245000 | PA      | $245974.51    | 0.01%             | 2028-02-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| COMERICA INC                                                               | Comerica Inc                                                                     | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |    260000 | PA      | $267448.57    | 0.01%             | 2030-01-30      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| AMN HEALTHCARE INC                                                         | AMN Healthcare Inc                                                               | CUSIP: 00175PAC7<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |    105000 | PA      | $96443.21     | 0.00%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| AIA GROUP LTD                                                              | AIA Group Ltd                                                                    | CUSIP: 00131LAN5<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | DBT              | CORP              | HK        |    500000 | PA      | $513235.83    | 0.01%             | 2027-10-25      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN                                                   | Brighthouse Financial Inc                                                        | CUSIP: 10922NAC7<br>LEI: 5493003T8SZSHOGGAW52 | Long             | DBT              | CORP              | US        |    220000 | PA      | $214567.67    | 0.00%             | 2027-06-22      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                                                         | Morocco Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    200000 | PA      | $189175.83    | 0.00%             | 2027-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Ventas Realty LP                                                           | Ventas Realty LP                                                                 | CUSIP: 92277GAM9<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197395.07    | 0.00%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                                   | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $205129.61    | 0.00%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO / FINANCE                                                   | Radiate Holdco LLC / Radiate Finance Inc                                         | CUSIP: 75026JAH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    166000 | PA      | $116203.98    | 0.00%             | 2030-03-25      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| KOREA OCEAN BUSINESS CO                                                    | Korea Ocean Business Corp                                                        | CUSIP: 000000000<br>LEI: 988400706OU5BSJ8ZG26 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $205208.30    | 0.00%             | 2029-05-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                      | Truist Financial Corp                                                            | CUSIP: 89788MAR3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    610000 | PA      | $627104.46    | 0.01%             | 2030-01-24      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| XEROX HOLDINGS CORP                                                        | Xerox Holdings Corp                                                              | CUSIP: 98421MAC0<br>LEI: 5493000Y33XDVO2CXC18 | Long             | DBT              | CORP              | US        |    130000 | PA      | $85489.67     | 0.00%             | 2029-11-30      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| LSEG US FIN CORP                                                           | Lseg US Fin Corp                                                                 | CUSIP: 50222CAA8<br>LEI: 2138007FV67QQ13CGJ43 | Long             | DBT              | CORP              | US        |    210000 | PA      | $211387.92    | 0.00%             | 2027-03-28      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                                     | Sempra                                                                           | CUSIP: 816851BS7<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    265000 | PA      | $267654.83    | 0.01%             | 2054-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                     | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607LWV1<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    185000 | PA      | $193332.27    | 0.00%             | 2028-10-03      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78017DAF5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    350000 | PA      | $351724.85    | 0.01%             | 2028-03-27      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78016FZS6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    430000 | PA      | $429074.45    | 0.01%             | 2027-08-03      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                                                        | Sherwin-Williams Co/The                                                          | CUSIP: 824348AW6<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    520000 | PA      | $510842.78    | 0.01%             | 2027-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                                         | Advance Auto Parts Inc                                                           | CUSIP: 00751YAE6<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    150000 | PA      | $135942.07    | 0.00%             | 2030-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CAIXA ECONOMICA FEDERAL                                                    | Caixa Economica Federal                                                          | CUSIP: 12804DAA2<br>LEI: 254900EX2KZ57WQ1PL07 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $200353.46    | 0.00%             | 2030-05-13      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PEU6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    705000 | PA      | $712388.69    | 0.02%             | 2029-01-24      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY INC                                                           | Viper Energy Inc                                                                 | CUSIP: 92763MAA3<br>LEI: 5299009LINL232255G03 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150071.08    | 0.00%             | 2027-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ANZ NEW ZEALAND INTL/LDN                                                   | ANZ New Zealand Int'l Ltd/London                                                 | CUSIP: 00182EBJ7<br>LEI: 213800VD256NU2D97H12 | Long             | DBT              | CORP              | NZ        |    200000 | PA      | $195819.58    | 0.00%             | 2028-01-21      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                      | Wells Fargo & Co                                                                 | CUSIP: 95000U2S1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    970000 | PA      | $933806.99    | 0.02%             | 2028-06-02      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                      | Toronto-Dominion Bank/The                                                        | CUSIP: 89115A2C5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    525000 | PA      | $522667.44    | 0.01%             | 2027-06-08      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| VALERO ENERGY PARTNERS                                                     | Valero Energy Partners LP                                                        | CUSIP: 91914JAB8<br>LEI: 549300WH1375KZXLJ231 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250001.43    | 0.01%             | 2028-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GREENKO WIND PROJECTS MU                                                   | Greenko Wind Projects Mauritius Ltd                                              | CUSIP: 000000000<br>LEI: 254900MSUXE1FF83DP82 | Long             | DBT              | CORP              | MU        |    400000 | PA      | $406672.11    | 0.01%             | 2028-09-27      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| INVEST ENERGY RES LTD                                                      | Investment Energy Resources Ltd                                                  | CUSIP: 000000000<br>LEI: 254900A71Y7WHN7L5K89 | Long             | DBT              | CORP              | BM        |    200000 | PA      | $196056.38    | 0.00%             | 2029-04-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                                      | Mineral Resources Ltd                                                            | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    210000 | PA      | $212602.62    | 0.00%             | 2027-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                         | Realty Income Corp                                                               | CUSIP: 756109AW4<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |    150000 | PA      | $143706.71    | 0.00%             | 2029-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140E4BH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9031 | PA      | $8763.85      | 0.00%             | 2031-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                         | Energy Transfer LP                                                               | CUSIP: 86765BAU3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    325000 | PA      | $321715.45    | 0.01%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SRC SUKU LTD                                                               | SRC Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 254900F2OG3526JLAV10 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $201935.75    | 0.00%             | 2028-02-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                     | Standard Chartered PLC                                                           | CUSIP: 853254BF6<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $198343.90    | 0.00%             | 2027-02-19      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                                                  | Apple Inc                                                                        | CUSIP: 037833CX6<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    405000 | PA      | $397314.74    | 0.01%             | 2027-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TAKEDA PHARMACEUTICAL                                                      | Takeda Pharmaceutical Co Ltd                                                     | CUSIP: 874060AW6<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |    560000 | PA      | $567634.69    | 0.01%             | 2028-11-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS                                                   | First Abu Dhabi Bank PJSC                                                        | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | DBT              | CORP              | AE        |    400000 | PA      | $395851.29    | 0.01%             | 2026-04-05      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GROUP                                                    | Sammons Financial Group Inc                                                      | CUSIP: 79588TAC4<br>LEI: 254900SHCOQLVJ21CT59 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49680.78     | 0.00%             | 2027-05-12      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                 | Fiserv Inc                                                                       | CUSIP: 337738BB3<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    397000 | PA      | $381743.07    | 0.01%             | 2027-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                                                    | Public Service Electric and Gas Co                                               | CUSIP: 74456QBU9<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98770.23     | 0.00%             | 2028-05-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                                   | Olympus Water US Holding Corp                                                    | CUSIP: 25259KAA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    505000 | PA      | $529638.63    | 0.01%             | 2028-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                                                     | Marriott International Inc/MD                                                    | CUSIP: 571903BM4<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50475.40     | 0.00%             | 2026-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                                   | Occidental Petroleum Corp                                                        | CUSIP: 674599EC5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103621.20    | 0.00%             | 2028-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| APPLIED MATERIALS INC                                                      | Applied Materials Inc                                                            | CUSIP: 038222AS4<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | DBT              | CORP              | US        |    260000 | PA      | $264818.77    | 0.01%             | 2029-06-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                               | Centene Corp                                                                     | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1065000 | PA      | $1014504.37   | 0.02%             | 2029-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| PEPSICO SINGAPORE FIN                                                      | Pepsico Singapore Financing I Pte Ltd                                            | CUSIP: 713466AA8<br>LEI: 254900DOMTCMUFROFJ76 | Long             | DBT              | CORP              | SG        |    165000 | PA      | $166173.02    | 0.00%             | 2027-02-16      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                                    | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAJ3<br>LEI: N/A                  | Long             | DBT              |  | US        |    260000 | PA      | $197645.54    | 0.00%             | 2029-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                                                | Staples Inc                                                                      | CUSIP: 855030AS1<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    250000 | PA      | $175907.45    | 0.00%             | 2030-01-15      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| BROOKFIELD PPTY REIT INC                                                   | Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL | CUSIP: 11284DAC9<br>LEI: N/A                  | Long             | DBT              |  | US        |    166000 | PA      | $161416.12    | 0.00%             | 2027-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ESAB CORP                                                                  | Esab Corp                                                                        | CUSIP: 29605JAA4<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |    165000 | PA      | $168673.09    | 0.00%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EXD6<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100932.11    | 0.00%             | 2026-09-08      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                                               | ING Groep NV                                                                     | CUSIP: 456837AH6<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    460000 | PA      | $456161.50    | 0.01%             | 2027-03-29      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                        | Sirius XM Radio LLC                                                              | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    425000 | PA      | $387543.67    | 0.01%             | 2030-07-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                             | Home Depot Inc/The                                                               | CUSIP: 437076CA8<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    332000 | PA      | $322917.02    | 0.01%             | 2027-04-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140J8ST1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    277045 | PA      | $270715.10    | 0.01%             | 2033-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALLEGION US HOLDING CO                                                     | Allegion US Holding Co Inc                                                       | CUSIP: 01748NAE4<br>LEI: 5493002B66JX7J7SXI33 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146813.29    | 0.00%             | 2027-10-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| VERALTO CORP                                                               | Veralto Corp                                                                     | CUSIP: 92338CAB9<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |    285000 | PA      | $287628.62    | 0.01%             | 2026-09-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                              | Boeing Co/The                                                                    | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    345000 | PA      | $353842.63    | 0.01%             | 2027-05-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 3128MMXX6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     60450 | PA      | $59743.25     | 0.00%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ABU DHABI NATIONAL ENERG                                                   | Abu Dhabi National Energy Co PJSC                                                | CUSIP: 000000000<br>LEI: 213800UNJSVQFNUYYW03 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $199311.19    | 0.00%             | 2029-01-24      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BANC CREDITO INVERSIONES                                                   | Banco de Credito e Inversiones SA                                                | CUSIP: 05890PZA7<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $195621.38    | 0.00%             | 2027-10-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GEN LUX SARL/GEN USA INC                                                   | Genpact Luxembourg SARL/Genpact USA Inc                                          | CUSIP: 37190AAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    125000 | PA      | $128983.72    | 0.00%             | 2029-06-04      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                 | US Bancorp                                                                       | CUSIP: 91159HJV3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    400000 | PA      | $407078.69    | 0.01%             | 2031-05-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| WRKCo Inc                                                                  | WRKCo Inc                                                                        | CUSIP: 92940PAD6<br>LEI: 549300JEB576INN13W07 | Long             | DBT              | CORP              | US        |    210000 | PA      | $212690.68    | 0.00%             | 2029-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                                   | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    390000 | PA      | $380372.00    | 0.01%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OP CORP                                                    | Gulfport Energy Operating Corp                                                   | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    175000 | PA      | $178052.79    | 0.00%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Woodside Finance Ltd                                                       | Woodside Finance Ltd                                                             | CUSIP: 980236AN3<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |    320000 | PA      | $316268.16    | 0.01%             | 2026-09-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                                                          | INEOS Finance PLC                                                                | CUSIP: 44984WAH0<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $147714.26    | 0.00%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DIB SUKUK LTD                                                              | DIB Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 549300U3ZMUHC2JQLL56 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $203417.32    | 0.00%             | 2027-11-30      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| CAPITAL POWER US HOLDING                                                   | Capital Power US Holdings Inc                                                    | CUSIP: 14041TAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $202122.02    | 0.00%             | 2028-06-01      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                     | PNC Financial Services Group Inc/The                                             | CUSIP: 693475BY0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    305000 | PA      | $306290.35    | 0.01%             | 2027-07-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                                   | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AJ4<br>LEI: N/A                  | Long             | DBT              |  | US        |    135000 | PA      | $139200.15    | 0.00%             | 2028-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BAKER HUGHES LLC/CO-OBL                                                    | Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc                          | CUSIP: 05723KAG5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $100289.87    | 0.00%             | 2029-11-07      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| KOMMUNALBANKEN AS                                                          | Kommunalbanken AS                                                                | CUSIP: 50048MDK3<br>LEI: I7ETN0QQO2AHZZGHJ389 | Long             | DBT              | NUSS              | NO        |   2040000 | PA      | $2069112.55   | 0.05%             | 2028-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                   | Capital One Financial Corp                                                       | CUSIP: 14040HDE2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    245000 | PA      | $252775.39    | 0.01%             | 2030-02-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                           | T-Mobile USA Inc                                                                 | CUSIP: 87264ABS3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    390000 | PA      | $366043.91    | 0.01%             | 2029-02-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                                                   | Santander UK Group Holdings PLC                                                  | CUSIP: 80281LAU9<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    295000 | PA      | $295040.58    | 0.01%             | 2030-09-11      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                                       | Garda World Security Corp                                                        | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $146872.56    | 0.00%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PRICOA GLOBAL FUNDING 1                                                    | Pricoa Global Funding I                                                          | CUSIP: 74153WCS6<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |    440000 | PA      | $448287.45    | 0.01%             | 2028-05-30      | Fixed         | 5.10%                 | No            |                  2 | On Loan: —       |
| MOTOROLA SOLUTIONS INC                                                     | Motorola Solutions Inc                                                           | CUSIP: 620076CA5<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100678.31    | 0.00%             | 2030-08-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                                                 | Humana Inc                                                                       | CUSIP: 444859BU5<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    270000 | PA      | $277478.94    | 0.01%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CABLE ONDA SA                                                              | Telecomunicaciones Digitales SA                                                  | CUSIP: 000000000<br>LEI: 5299008Q5GONPYNF9J32 | Long             | DBT              | CORP              | PA        |    200000 | PA      | $186848.74    | 0.00%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ONTARIO TEACHERS' FINANC                                                   | Ontario Teachers' Finance Trust                                                  | CUSIP: 68329AAK4<br>LEI: 635400ZZE5J8OXXBBY26 | Long             | DBT              | NUSS              | CA        |    845000 | PA      | $813512.92    | 0.02%             | 2026-09-21      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140H2YR3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14288 | PA      | $13965.82     | 0.00%             | 2032-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| S&P GLOBAL INC                                                             | S&P Global Inc                                                                   | CUSIP: 78409VBF0<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55620.75     | 0.00%             | 2028-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                                                     | CNH Industrial Capital LLC                                                       | CUSIP: 12592BAU8<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    105000 | PA      | $105448.01    | 0.00%             | 2028-03-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VM CONSOLIDATED INC                                                        | VM Consolidated Inc                                                              | CUSIP: 91835HAA0<br>LEI: 549300GCTGJLEBXJUK89 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98328.73     | 0.00%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                                   | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAR8<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    165000 | PA      | $161602.21    | 0.00%             | 2029-07-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                                             | Air Lease Corp                                                                   | CUSIP: 00914AAM4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    402000 | PA      | $390713.07    | 0.01%             | 2026-08-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                                                           | Coca-Cola Co/The                                                                 | CUSIP: 191216CU2<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    560000 | PA      | $534029.98    | 0.01%             | 2027-06-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| KUNTARAHOITUS OYJ                                                          | Kuntarahoitus Oyj                                                                | CUSIP: 62630CEJ6<br>LEI: 529900HEKOENJHPNN480 | Long             | DBT              | NUSS              | FI        |    500000 | PA      | $504819.58    | 0.01%             | 2027-01-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                                     | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    277000 | PA      | $286129.60    | 0.01%             | 2029-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                                                     | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX     | CUSIP: 000000000<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $203316.68    | 0.00%             | 2029-09-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARES MANAGEMENT CORP                                                       | Ares Management Corp                                                             | CUSIP: 03990BAA9<br>LEI: 529900JUV61FH7B8VW38 | Long             | DBT              | CORP              | US        |    150000 | PA      | $157998.02    | 0.00%             | 2028-11-10      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                                    | Starwood Property Trust Inc                                                      | CUSIP: 85571BAY1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    175000 | PA      | $172138.27    | 0.00%             | 2027-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| HP INC                                                                     | HP Inc                                                                           | CUSIP: 40434LAR6<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102789.93    | 0.00%             | 2030-04-25      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                                     | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAC9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153417.20    | 0.00%             | 2030-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| JACOBS ENTERTAINMENT INC                                                   | Jacobs Entertainment Inc                                                         | CUSIP: 469815AK0<br>LEI: 5493004U9JIWY3HSUO63 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146186.88    | 0.00%             | 2029-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON                                                    | Bank of New York Mellon/The                                                      | CUSIP: 06405LAH4<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252684.81    | 0.01%             | 2029-04-20      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                  | Boeing Co/The                                                                    | CUSIP: 097023BX2<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62839.38     | 0.00%             | 2028-03-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                     | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607LSL8<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $75817.84     | 0.00%             | 2026-07-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                                           | Lamar Media Corp                                                                 | CUSIP: 513075BT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $166016.75    | 0.00%             | 2030-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                                    | United Rentals North America Inc                                                 | CUSIP: 911365BM5<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    225000 | PA      | $219355.71    | 0.00%             | 2027-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                                                   | Western Midstream Operating LP                                                   | CUSIP: 958667AC1<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    325000 | PA      | $312255.97    | 0.01%             | 2030-02-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                           | Bank of Montreal                                                                 | CUSIP: 06368LGV2<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    454000 | PA      | $463201.39    | 0.01%             | 2028-02-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                                    | American Electric Power Co Inc                                                   | CUSIP: 025537AY7<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    330000 | PA      | $337204.52    | 0.01%             | 2029-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397D83<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    450000 | PA      | $452829.09    | 0.01%             | 2027-03-05      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BLUE OWL TECHNOLOGY FINA                                                   | Blue Owl Technology Finance Corp                                                 | CUSIP: 691205AG3<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |    155000 | PA      | $148888.86    | 0.00%             | 2027-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                                                         | Royalty Pharma PLC                                                               | CUSIP: 78081BAQ6<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    170000 | PA      | $173048.82    | 0.00%             | 2029-09-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                | BNP Paribas SA                                                                   | CUSIP: 05581KAC5<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    475000 | PA      | $474056.58    | 0.01%             | 2027-03-13      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CAISSE DES DEPOTS ET CON                                                   | Caisse des Depots et Consignations                                               | CUSIP: 000000000<br>LEI: 969500Q2PFTTP0Y5QL44 | Long             | DBT              | NUSS              | FR        |    400000 | PA      | $399318.77    | 0.01%             | 2027-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    925000 | PA      | $878665.21    | 0.02%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                                                                 | VMware LLC                                                                       | CUSIP: 928563AK1<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    250000 | PA      | $230996.71    | 0.01%             | 2028-08-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                                             | Lowe's Cos Inc                                                                   | CUSIP: 548661ED5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    555000 | PA      | $511853.51    | 0.01%             | 2028-09-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| SP POWERASSETS LTD                                                         | SP PowerAssets Ltd                                                               | CUSIP: 78462QAE9<br>LEI: 635400GIJMVHO4MDQI52 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $194740.77    | 0.00%             | 2027-09-26      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Brookfield Finance Inc                                                     | Brookfield Finance Inc                                                           | CUSIP: 11271LAD4<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    305000 | PA      | $307482.81    | 0.01%             | 2029-03-29      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                                        | Nomura Holdings Inc                                                              | CUSIP: 65535HBM0<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    210000 | PA      | $218220.78    | 0.00%             | 2028-07-12      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                                                         | Crown Americas LLC                                                               | CUSIP: 228180AB1<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151470.05    | 0.00%             | 2030-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                       | OneMain Finance Corp                                                             | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    200000 | PA      | $210572.05    | 0.00%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN INVEST CO                                                   | Inter-American Investment Corp                                                   | CUSIP: 45828Q2D8<br>LEI: 5493001X4LH60PFRL744 | Long             | DBT              | NUSS              | XX        |    365000 | PA      | $367133.81    | 0.01%             | 2029-02-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Stryker Corp                                                               | Stryker Corp                                                                     | CUSIP: 863667AQ4<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196970.41    | 0.00%             | 2028-03-07      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF JORDAN                                                          | Jordan Government International Bond                                             | CUSIP: 000000000<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    200000 | PA      | $207314.04    | 0.00%             | 2028-01-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Ausgrid Finance Pty Ltd                                                    | Ausgrid Finance Pty Ltd                                                          | CUSIP: 052113AB3<br>LEI: 549300DN8D7YR73BKB57 | Long             | DBT              | CORP              | AU        |     15000 | PA      | $14868.55     | 0.00%             | 2028-08-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| BANK BAHRAIN & KUWAIT                                                      | BBK BSC                                                                          | CUSIP: 000000000<br>LEI: 549300MCPF5HTBF8ZR90 | Long             | DBT              | CORP              | BH        |    200000 | PA      | $202126.85    | 0.00%             | 2029-06-06      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                                     | Lumen Technologies Inc                                                           | CUSIP: 156700BD7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    125000 | PA      | $113502.33    | 0.00%             | 2029-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE OP CO                                                       | Public Storage Operating Co                                                      | CUSIP: 74460DAG4<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              |  | US        |    300000 | PA      | $289493.45    | 0.01%             | 2026-11-09      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| RUMO LUXEMBOURG SARL                                                       | Rumo Luxembourg Sarl                                                             | CUSIP: 000000000<br>LEI: 222100HOIQFT7YOSPB46 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $198734.65    | 0.00%             | 2028-01-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CDW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30000000 | PA      | $27911718.90  | 0.63%             | 2029-01-31      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| AP MOLLER-MAERSK A/S                                                       | AP Moller - Maersk A/S                                                           | CUSIP: 00203QAE7<br>LEI: 549300D2K6PKKKXVNN73 | Long             | DBT              | CORP              | DK        |    120000 | PA      | $120660.21    | 0.00%             | 2029-06-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| PROSPECT CAPITAL CORP                                                      | Prospect Capital Corp                                                            | CUSIP: 74348TAV4<br>LEI: 549300FSD8T39P5Q0O47 | Long             | DBT              | CORP              | US        |    115000 | PA      | $110363.39    | 0.00%             | 2026-11-15      | Fixed         | 3.36%                 | No            |                  2 | On Loan: —       |
| SENSATA TECH INC                                                           | Sensata Technologies Inc                                                         | CUSIP: 81728UAA2<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    130000 | PA      | $124332.99    | 0.00%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                          | Iron Mountain Inc                                                                | CUSIP: 46284VAG6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    150000 | PA      | $148135.59    | 0.00%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                                           | Welltower OP LLC                                                                 | CUSIP: 95041AAF5<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    150000 | PA      | $149639.59    | 0.00%             | 2030-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Oshkosh Corp                                                               | Oshkosh Corp                                                                     | CUSIP: 688239AF9<br>LEI: 549300FEKNPCFSA2B506 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30057.11     | 0.00%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                                                             | Salesforce Inc                                                                   | CUSIP: 79466LAH7<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    230000 | PA      | $213843.75    | 0.00%             | 2028-07-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| CROCS INC                                                                  | Crocs Inc                                                                        | CUSIP: 227046AA7<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95179.81     | 0.00%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corp                                                        | Sprint Capital Corp                                                              | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |    680000 | PA      | $726961.75    | 0.02%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                           | Societe Generale SA                                                              | CUSIP: 83368RBV3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $201959.60    | 0.00%             | 2028-01-19      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| ESTEE LAUDER CO INC                                                        | Estee Lauder Cos Inc/The                                                         | CUSIP: 29736RAP5<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | DBT              | CORP              | US        |    200000 | PA      | $184069.91    | 0.00%             | 2029-12-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                         | Meta Platforms Inc                                                               | CUSIP: 30303M8G0<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    760000 | PA      | $750431.99    | 0.02%             | 2027-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RECKITT BENCKISER TSY                                                      | Reckitt Benckiser Treasury Services PLC                                          | CUSIP: 75625QAE9<br>LEI: 213800LAXWIUOOBZ3908 | Long             | DBT              | CORP              | GB        |    850000 | PA      | $830041.95    | 0.02%             | 2027-06-26      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHOUZHOU INTL INV LTD                                                      | Chouzhou International Investment Ltd                                            | CUSIP: 000000000<br>LEI: 254900G02LJVPHKXDT91 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $199841.23    | 0.00%             | 2028-01-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| UDR Inc                                                                    | UDR Inc                                                                          | CUSIP: 90265EAM2<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |    245000 | PA      | $240748.40    | 0.01%             | 2027-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                                               | NiSource Inc                                                                     | CUSIP: 65473PAJ4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    300000 | PA      | $287650.31    | 0.01%             | 2030-05-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                                           | LPL Holdings Inc                                                                 | CUSIP: 50212YAJ3<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    175000 | PA      | $177870.17    | 0.00%             | 2027-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3133L8U37<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1503771 | PA      | $1369298.30   | 0.03%             | 2037-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                                            | Nissan Motor Co Ltd                                                              | CUSIP: 654922AB9<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $206463.75    | 0.00%             | 2030-07-17      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ACU9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    160000 | PA      | $162515.38    | 0.00%             | 2029-01-08      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                                  | Apple Inc                                                                        | CUSIP: 037833DP2<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    550000 | PA      | $509461.65    | 0.01%             | 2029-09-11      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| ESSENTIAL UTILITIES INC                                                    | Essential Utilities Inc                                                          | CUSIP: 29670GAD4<br>LEI: 549300ILTEOF3E3QY357 | Long             | DBT              | CORP              | US        |    150000 | PA      | $137787.62    | 0.00%             | 2030-04-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FIN USA LTD                                                   | BHP Billiton Finance USA Ltd                                                     | CUSIP: 055451AZ1<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    384000 | PA      | $388139.91    | 0.01%             | 2028-02-28      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ACCENTURE CAPITAL INC                                                      | Accenture Capital Inc                                                            | CUSIP: 00440KAA1<br>LEI: 254900FRO0P7RIINYT25 | Long             | DBT              | CORP              | US        |    265000 | PA      | $263315.19    | 0.01%             | 2027-10-04      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                              | Citigroup Inc                                                                    | CUSIP: 172967NS6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    570000 | PA      | $570863.13    | 0.01%             | 2028-05-24      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                   | Capital One Financial Corp                                                       | CUSIP: 14040HBN4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    170000 | PA      | $168182.38    | 0.00%             | 2027-03-09      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| EQUIFAX INC                                                                | Equifax Inc                                                                      | CUSIP: 294429AW5<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |    220000 | PA      | $223357.75    | 0.01%             | 2028-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                               | US Foods Inc                                                                     | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    305000 | PA      | $299005.67    | 0.01%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                                                   | CenterPoint Energy Houston Electric LLC                                          | CUSIP: 15189XBG2<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151917.70    | 0.00%             | 2030-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                                                     | Morgan Stanley Bank NA                                                           | CUSIP: 61690U8B9<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508935.23    | 0.01%             | 2028-05-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HONGKONG ELECTRIC FIN                                                      | Hongkong Electric Finance Ltd                                                    | CUSIP: 000000000<br>LEI: 254900ZFMQ2KI2067818 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $180170.13    | 0.00%             | 2030-06-09      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ADP9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150416.32    | 0.00%             | 2027-03-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                              | Carnival Corp                                                                    | CUSIP: 143658AH5<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     63000 | PA      | $64899.86     | 0.00%             | 2028-01-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                                    | ATI Inc                                                                          | CUSIP: 01741RAL6<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97307.64     | 0.00%             | 2029-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Kilroy Realty LP                                                           | Kilroy Realty LP                                                                 | CUSIP: 49427RAN2<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |    170000 | PA      | $168297.77    | 0.00%             | 2028-12-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                                         | Expand Energy Corp                                                               | CUSIP: 845467AS8<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    345000 | PA      | $345545.37    | 0.01%             | 2030-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                                                                | Netflix Inc                                                                      | CUSIP: 64110LAX4<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    235000 | PA      | $251777.50    | 0.01%             | 2029-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140J7XT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    290214 | PA      | $280296.18    | 0.01%             | 2032-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Dow Chemical Co/The                                                        | Dow Chemical Co/The                                                              | CUSIP: 260543BJ1<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    196000 | PA      | $214885.94    | 0.00%             | 2029-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| US ACUTE CARE SOLUTIONS                                                    | US Acute Care Solutions LLC                                                      | CUSIP: 90367UAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $306743.54    | 0.01%             | 2029-05-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| EATON CAPITAL ULC                                                          | Eaton Capital ULC                                                                | CUSIP: 27806HAA9<br>LEI: 549300OLS85LSODKAF64 | Long             | DBT              | CORP              | IE        |    190000 | PA      | $189927.64    | 0.00%             | 2030-05-09      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Lam Research Corp                                                          | Lam Research Corp                                                                | CUSIP: 512807AU2<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |    340000 | PA      | $336896.12    | 0.01%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Avangrid Inc                                                               | Avangrid Inc                                                                     | CUSIP: 05351WAB9<br>LEI: 549300OX0Q38NLSKPB49 | Long             | DBT              | CORP              | US        |    255000 | PA      | $248592.87    | 0.01%             | 2029-06-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 9128284V9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22000000 | PA      | $21360625.00  | 0.48%             | 2028-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| GEORGIA-PACIFIC LLC                                                        | Georgia-Pacific LLC                                                              | CUSIP: 37331NAL5<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |    180000 | PA      | $173352.06    | 0.00%             | 2027-04-30      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EYE3<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201072.12    | 0.00%             | 2030-06-05      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                                      | Guatemala Government Bond                                                        | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    200000 | PA      | $198926.16    | 0.00%             | 2029-08-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                             | Amazon.com Inc                                                                   | CUSIP: 023135CP9<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    820000 | PA      | $828083.50    | 0.02%             | 2027-12-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                                                          | L3Harris Technologies Inc                                                        | CUSIP: 502431AF6<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    115000 | PA      | $107515.55    | 0.00%             | 2029-12-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| General Dynamics Corp                                                      | General Dynamics Corp                                                            | CUSIP: 369550AX6<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58708.51     | 0.00%             | 2026-08-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                      | Athene Global Funding                                                            | CUSIP: 04685A3T6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    170000 | PA      | $172415.47    | 0.00%             | 2027-03-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| BALTIMORE GAS & ELECTRIC                                                   | Baltimore Gas and Electric Co                                                    | CUSIP: 059165EG1<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48994.31     | 0.00%             | 2026-08-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| ASSURANT INC                                                               | Assurant Inc                                                                     | CUSIP: 04621XAM0<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | DBT              | CORP              | US        |    115000 | PA      | $109495.26    | 0.00%             | 2030-02-22      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                     | American Honda Finance Corp                                                      | CUSIP: 02665WFY2<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125846.19    | 0.00%             | 2030-03-05      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                         | Credit Agricole SA                                                               | CUSIP: 22535WAP2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $253257.33    | 0.01%             | 2029-01-09      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Tanger Properties LP                                                       | Tanger Properties LP                                                             | CUSIP: 875484AK3<br>LEI: PQPGJDNFN35EXH363L31 | Long             | DBT              |  | US        |     50000 | PA      | $49177.97     | 0.00%             | 2027-07-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CNE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  28683000 | PA      | $28633701.09  | 0.65%             | 2027-05-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SABRA HEALTH CARE LP                                                       | Sabra Health Care LP                                                             | CUSIP: 78572XAG6<br>LEI: 549300OVKLRFSIQG0H81 | Long             | DBT              |  | US        |     75000 | PA      | $71445.44     | 0.00%             | 2029-10-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| PALOMINO FUNDING TRUST I                                                   | Palomino Funding Trust I                                                         | CUSIP: 69754AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $248333.04    | 0.01%             | 2028-05-17      | Fixed         | 7.23%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                   | European Investment Bank                                                         | CUSIP: 298785JY3<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |   1050000 | PA      | $1068167.54   | 0.02%             | 2028-10-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                     | Philip Morris International Inc                                                  | CUSIP: 718172DN6<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    165000 | PA      | $165869.53    | 0.00%             | 2029-11-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SAUDI ELEC GLB SUKUK                                                       | Saudi Electricity Global Sukuk Co 4                                              | CUSIP: 000000000<br>LEI: 549300KSEZC1HOYC2778 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $403040.46    | 0.01%             | 2028-09-27      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| BRIGHTLINE EAST LLC                                                        | Brightline East LLC                                                              | CUSIP: 093536AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    335000 | PA      | $218907.84    | 0.00%             | 2030-01-31      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| PPG Industries Inc                                                         | PPG Industries Inc                                                               | CUSIP: 693506BP1<br>LEI: 549300BKPEP01R3V6C59 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118207.85    | 0.00%             | 2028-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                                                     | ConocoPhillips Co                                                                | CUSIP: 208251AE8<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    160000 | PA      | $174350.74    | 0.00%             | 2029-04-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                         | BMW US Capital LLC                                                               | CUSIP: 05565ECU7<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125360.27    | 0.00%             | 2027-03-19      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 31418CXX7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     64927 | PA      | $64091.36     | 0.00%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TKU8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200730.60    | 0.00%             | 2030-05-17      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                   | Avolon Holdings Funding Ltd                                                      | CUSIP: 05401AAP6<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    115000 | PA      | $109025.77    | 0.00%             | 2028-02-21      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                                                | Swedbank AB                                                                      | CUSIP: 87019DAA5<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |    200000 | PA      | $203371.03    | 0.00%             | 2030-05-21      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Union Electric Co                                                          | Union Electric Co                                                                | CUSIP: 906548CP5<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |    195000 | PA      | $189732.18    | 0.00%             | 2029-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MERSIN ULUSLARARASI LIMA                                                   | Mersin Uluslararasi Liman Isletmeciligi AS                                       | CUSIP: 000000000<br>LEI: 635400DAFN6NT43HM530 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $208420.74    | 0.00%             | 2028-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                                     | Santander Holdings USA Inc                                                       | CUSIP: 80282KBN5<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    205000 | PA      | $208488.97    | 0.00%             | 2029-03-20      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CHA2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18422000 | PA      | $18233462.44  | 0.41%             | 2028-04-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Lazard Group LLC                                                           | Lazard Group LLC                                                                 | CUSIP: 52107QAJ4<br>LEI: FI94J2CJ1D7BIGVMS874 | Long             | DBT              | CORP              | US        |    205000 | PA      | $204002.90    | 0.00%             | 2028-09-19      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                                     | SCIH Salt Holdings Inc                                                           | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $197674.45    | 0.00%             | 2029-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                                     | Banque Federative du Credit Mutuel SA                                            | CUSIP: 06675FBB2<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    245000 | PA      | $253865.76    | 0.01%             | 2028-07-13      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                    | HCA Inc                                                                          | CUSIP: 404119CP2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    340000 | PA      | $345825.72    | 0.01%             | 2028-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| TRINITY INDUSTRIES INC                                                     | Trinity Industries Inc                                                           | CUSIP: 896522AJ8<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | DBT              | CORP              | US        |    152000 | PA      | $158273.13    | 0.00%             | 2028-07-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| XHR LP                                                                     | XHR LP                                                                           | CUSIP: 98372MAE5<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              |  | US        |    120000 | PA      | $122001.17    | 0.00%             | 2030-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                                                | Nutrien Ltd                                                                      | CUSIP: 67077MBC1<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |    215000 | PA      | $217317.56    | 0.00%             | 2027-06-21      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                                                   | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $311804.61    | 0.01%             | 2029-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| BON SECOURS MERCY                                                          | Bon Secours Mercy Health Inc                                                     | CUSIP: 58942HAC5<br>LEI: RV2KCMRGYKSCKT5REH48 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64897.09     | 0.00%             | 2028-07-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                                     | Daimler Truck Finance North America LLC                                          | CUSIP: 233853AG5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    225000 | PA      | $209350.83    | 0.00%             | 2028-12-14      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                                                   | International Business Machines Corp                                             | CUSIP: 459200KJ9<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    400000 | PA      | $355985.82    | 0.01%             | 2030-05-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| TYCO ELECTRONICS GROUP S                                                   | Tyco Electronics Group SA                                                        | CUSIP: 902133AU1<br>LEI: C33G1C5SYE2YM95EE712 | Long             | DBT              | CORP              | LU        |    220000 | PA      | $214858.84    | 0.00%             | 2027-08-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAP INTL                                                     | TotalEnergies Capital International SA                                           | CUSIP: 89153VAQ2<br>LEI: 549300U37G2I8G4RUG09 | Long             | DBT              | CORP              | FR        |    405000 | PA      | $395239.52    | 0.01%             | 2029-02-19      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                                                | Truist Bank                                                                      | CUSIP: 89788JAF6<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249641.71    | 0.01%             | 2028-07-24      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP                                                      | Bank of Ireland Group PLC                                                        | CUSIP: 06279JAD1<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $205936.87    | 0.00%             | 2030-03-20      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| FRST STU BID/FRST TRANS                                                    | First Student Bidco Inc / First Transit Parent Inc                               | CUSIP: 337120AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $141578.02    | 0.00%             | 2029-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                                                     | Mondelez International Inc                                                       | CUSIP: 609207AT2<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $184899.44    | 0.00%             | 2030-04-13      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                                                     | Marvell Technology Inc                                                           | CUSIP: 573874AN4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $221931.09    | 0.01%             | 2028-06-22      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Asian Development Bank                                                     | Asian Development Bank                                                           | CUSIP: 045167AU7<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    340000 | PA      | $352365.87    | 0.01%             | 2027-08-15      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| XYLEM INC                                                                  | Xylem Inc/NY                                                                     | CUSIP: 98419MAM2<br>LEI: 549300DF5MV96DRYLQ48 | Long             | DBT              | CORP              | US        |    150000 | PA      | $141855.81    | 0.00%             | 2028-01-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| MASSMUTUAL GLOBAL FUNDIN                                                   | MassMutual Global Funding II                                                     | CUSIP: 57629W5B2<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |    240000 | PA      | $243249.02    | 0.01%             | 2029-01-17      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CORP                                                          | Toyota Motor Corp                                                                | CUSIP: 892331AP4<br>LEI: 5493006W3QUS5LMH6R84 | Long             | DBT              | CORP              | JP        |    245000 | PA      | $246747.35    | 0.01%             | 2026-07-13      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                                                                 | VMware LLC                                                                       | CUSIP: 928563AE5<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    140000 | PA      | $140431.15    | 0.00%             | 2027-05-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                       | Bank of America Corp                                                             | CUSIP: 06051GLS6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    850000 | PA      | $882855.01    | 0.02%             | 2029-09-15      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                                        | Bank of Nova Scotia/The                                                          | CUSIP: 06418GAQ0<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $304783.32    | 0.01%             | 2031-02-14      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| PANASONIC HOLDINGS CORP                                                    | Panasonic Holdings Corp                                                          | CUSIP: 69832AAC0<br>LEI: 254900GE1G59KGWPHX32 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $189471.86    | 0.00%             | 2029-07-19      | Fixed         | 3.11%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                             | Morgan Stanley                                                                   | CUSIP: 61747YER2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    910000 | PA      | $905995.70    | 0.02%             | 2028-04-20      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                               | Enbridge Inc                                                                     | CUSIP: 29250NAZ8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    350000 | PA      | $330048.20    | 0.01%             | 2029-11-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                                                           | Georgia Power Co                                                                 | CUSIP: 373334KY6<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150770.16    | 0.00%             | 2030-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER/MEDL CO                                                   | Medline Borrower LP/Medline Co-Issuer Inc                                        | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    435000 | PA      | $444258.14    | 0.01%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                                       | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    400000 | PA      | $407146.58    | 0.01%             | 2030-02-04      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                                           | Duke Energy Corp                                                                 | CUSIP: 26441CBW4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    420000 | PA      | $425620.52    | 0.01%             | 2027-12-08      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                                                    | Corebridge Global Funding                                                        | CUSIP: 00138CBB3<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    245000 | PA      | $245979.99    | 0.01%             | 2027-08-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                                                   | Sabine Pass Liquefaction LLC                                                     | CUSIP: 785592AS5<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    567000 | PA      | $569334.57    | 0.01%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CJK8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7007000 | PA      | $7052162.29   | 0.16%             | 2026-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                                    | Metropolitan Life Global Funding I                                               | CUSIP: 592179KF1<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    170000 | PA      | $172881.77    | 0.00%             | 2028-01-06      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                      | Level 3 Financing Inc                                                            | CUSIP: 527298CD3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    200000 | PA      | $179957.49    | 0.00%             | 2030-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CARGILL INC                                                                | Cargill Inc                                                                      | CUSIP: 141781BM5<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |    200000 | PA      | $180688.86    | 0.00%             | 2030-04-23      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| NESTLE HOLDINGS INC                                                        | Nestle Holdings Inc                                                              | CUSIP: 641062AV6<br>LEI: 549300EAEU8YV8MQXP30 | Long             | DBT              | CORP              | US        |    265000 | PA      | $253699.17    | 0.01%             | 2027-01-14      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| Georgia Power Co                                                           | Georgia Power Co                                                                 | CUSIP: 373334KH3<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39311.42     | 0.00%             | 2027-03-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                                        | Charles Schwab Corp/The                                                          | CUSIP: 808513BA2<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    175000 | PA      | $168366.11    | 0.00%             | 2029-05-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                                                      | Bread Financial Holdings Inc                                                     | CUSIP: 018581AQ1<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103330.35    | 0.00%             | 2035-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA Inc                                                           | T-Mobile USA Inc                                                                 | CUSIP: 87264AAV7<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     99000 | PA      | $99119.43     | 0.00%             | 2028-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                         | Energy Transfer LP                                                               | CUSIP: 292480AK6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    102000 | PA      | $101708.93    | 0.00%             | 2027-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| AON CORP/AON GLOBAL HOLD                                                   | Aon Corp / Aon Global Holdings PLC                                               | CUSIP: 03740LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    125000 | PA      | $121671.91    | 0.00%             | 2027-05-28      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                                      | Caesars Entertainment Inc                                                        | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    700000 | PA      | $722121.49    | 0.02%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE HOLDINGS FINA                                                   | Blackstone Holdings Finance Co LLC                                               | CUSIP: 09256BAL1<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |    150000 | PA      | $137421.28    | 0.00%             | 2030-01-10      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                   | Benchmark 2023-B38 Mortgage Trust                                                | CUSIP: 081916AB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7000000 | PA      | $7137482.87   | 0.16%             | 2056-04-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| RELX Capital Inc                                                           | RELX Capital Inc                                                                 | CUSIP: 74949LAC6<br>LEI: 2R15C3RTKJN1RCBOV146 | Long             | DBT              | CORP              | US        |    260000 | PA      | $257173.13    | 0.01%             | 2029-03-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LEND                                                    | Blackstone Secured Lending Fund                                                  | CUSIP: 09261XAH5<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |    105000 | PA      | $106807.36    | 0.00%             | 2027-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                                                   | Northwestern Mutual Global Funding                                               | CUSIP: 66815L2H1<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |    170000 | PA      | $163306.01    | 0.00%             | 2029-04-04      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| KOREAREHABNRESOURCE                                                        | Korea Mine Rehabilitation & Mineral Resources Corp                               | CUSIP: 000000000<br>LEI: 988400H3GWWTNW7D1G09 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $204026.59    | 0.00%             | 2028-05-11      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                                    | United Rentals North America Inc                                                 | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496957.12    | 0.01%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Avery Dennison Corp                                                        | Avery Dennison Corp                                                              | CUSIP: 053611AJ8<br>LEI: 549300PW7VPFCYKLIV37 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90866.43     | 0.00%             | 2028-12-06      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AIRPORT AUTHORITY HK                                                       | Airport Authority                                                                | CUSIP: 00946AAC8<br>LEI: 254900748HGC4RBR4O84 | Long             | DBT              | NUSS              | HK        |    400000 | PA      | $385752.33    | 0.01%             | 2027-01-12      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO                                                       | National Fuel Gas Co                                                             | CUSIP: 636180BT7<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153854.35    | 0.00%             | 2030-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MAXIM CRANE WORKS LLC                                                      | Maxim Crane Works Holdings Capital LLC                                           | CUSIP: 57779EAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    168000 | PA      | $178182.75    | 0.00%             | 2028-09-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                     | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406GAA9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     68000 | PA      | $65141.52     | 0.00%             | 2028-10-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VISA INC                                                                   | Visa Inc                                                                         | CUSIP: 92826CAP7<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |    220000 | PA      | $206361.29    | 0.00%             | 2027-08-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                                | Citibank NA                                                                      | CUSIP: 17325FBL1<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    565000 | PA      | $567303.44    | 0.01%             | 2027-11-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Republic of Korea                                                          | Korea International Bond                                                         | CUSIP: 50064FAP9<br>LEI: 549300O0QCVSQGPGDT58 | Long             | DBT              | NUSS              | KR        |    400000 | PA      | $391524.46    | 0.01%             | 2028-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CORP ANDINA DE FOMENTO                                                     | Corp Andina de Fomento                                                           | CUSIP: 219868CF1<br>LEI: UKZ46SXGNYCZK0UOZE76 | Long             | DBT              | NUSS              | XX        |    235000 | PA      | $227764.58    | 0.01%             | 2027-02-08      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Fluor Corp                                                                 | Fluor Corp                                                                       | CUSIP: 343412AF9<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | DBT              | CORP              | US        |    190000 | PA      | $187072.51    | 0.00%             | 2028-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AUB SUKUK LTD                                                              | AUB Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 549300FXQ5JG3SV47Q86 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $194609.82    | 0.00%             | 2026-09-09      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC                                                       | Kyndryl Holdings Inc                                                             | CUSIP: 50155QAK6<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |    135000 | PA      | $127145.44    | 0.00%             | 2028-10-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| GOVT OF BERMUDA                                                            | Bermuda Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |    205000 | PA      | $206194.01    | 0.00%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                                           | ABN AMRO Bank NV                                                                 | CUSIP: 00084DAW0<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $186583.09    | 0.00%             | 2029-12-13      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                                                          | Sysco Corp                                                                       | CUSIP: 871829BF3<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    107000 | PA      | $104669.71    | 0.00%             | 2027-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| REC LTD                                                                    | REC Ltd                                                                          | CUSIP: 74947MAE2<br>LEI: 335800B4YRYWAMIJZ374 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $199681.31    | 0.00%             | 2029-09-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                                   | Hess Midstream Operations LP                                                     | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $254206.44    | 0.01%             | 2028-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                   | Benchmark 2024-V6 Mortgage Trust                                                 | CUSIP: 081927AF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $520538.23    | 0.01%             | 2057-03-15      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                                     | BP Capital Markets America Inc                                                   | CUSIP: 10373QAC4<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    170000 | PA      | $167996.88    | 0.00%             | 2028-09-21      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                                                             | Constellium SE                                                                   | CUSIP: 21039CAB0<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |    150000 | PA      | $140807.19    | 0.00%             | 2029-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp                                                             | Air Lease Corp                                                                   | CUSIP: 00912XAY0<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34307.83     | 0.00%             | 2027-12-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                         | Meta Platforms Inc                                                               | CUSIP: 30303M8M7<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    300000 | PA      | $307461.38    | 0.01%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                                                      | Amrize Finance US LLC                                                            | CUSIP: 43475RAC0<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303159.16    | 0.01%             | 2030-04-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CBB International Sukuk Programme Co. WLL                                  | CBB International Sukuk Programme Co. WLL                                        | CUSIP: 000000000<br>LEI: 5493006IRJ2IWXTNIM16 | Long             | DBT              | NUSS              | BH        |    200000 | PA      | $188593.14    | 0.00%             | 2029-05-18      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NuStar Logistics LP                                                        | NuStar Logistics LP                                                              | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    190000 | PA      | $190946.65    | 0.00%             | 2027-04-28      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                                                   | Brandywine Operating Partnership LP                                              | CUSIP: 105340AP8<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |    105000 | PA      | $98659.22     | 0.00%             | 2029-10-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: —       |
| CROWN CASTLE INC                                                           | Crown Castle Inc                                                                 | CUSIP: 22822VAL5<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    190000 | PA      | $187344.35    | 0.00%             | 2029-02-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Kallpa Generacion SA                                                       | Kallpa Generacion SA                                                             | CUSIP: 000000000<br>LEI: 549300NG1PWEI5BZG095 | Long             | DBT              | CORP              | PE        |    200000 | PA      | $197850.82    | 0.00%             | 2027-08-16      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140Q8BV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    201463 | PA      | $194083.83    | 0.00%             | 2032-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 31307NQG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     10366 | PA      | $10096.77     | 0.00%             | 2030-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140XDWS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    600823 | PA      | $532467.14    | 0.01%             | 2036-11-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR INC                                                            | Caterpillar Inc                                                                  | CUSIP: 149123CG4<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |    140000 | PA      | $131195.00    | 0.00%             | 2029-09-19      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital Inc                                                        | Ashtead Capital Inc                                                              | CUSIP: 045054AF0<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    285000 | PA      | $282703.23    | 0.01%             | 2027-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Procter & Gamble Co/The                                                    | Procter & Gamble Co/The                                                          | CUSIP: 742718EV7<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    215000 | PA      | $209858.39    | 0.00%             | 2027-08-11      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3133L8U45<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1603100 | PA      | $1459744.25   | 0.03%             | 2037-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Mars Inc                                                                   | Mars Inc                                                                         | CUSIP: 571676AB1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    200000 | PA      | $188919.86    | 0.00%             | 2030-04-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| KSA Sukuk Ltd.                                                             | KSA Sukuk Ltd.                                                                   | CUSIP: 000000000<br>LEI: 635400XBJFPNCGN9CK71 | Long             | DBT              | NUSS              | KY        |   1000000 | PA      | $992949.43    | 0.02%             | 2029-05-22      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CCY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9219531.30   | 0.21%             | 2028-09-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3133L8HW8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    770791 | PA      | $701571.71    | 0.02%             | 2036-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                                   | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AF2<br>LEI: N/A                  | Long             | DBT              |  | US        |    210000 | PA      | $207955.00    | 0.00%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EXH7<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    305000 | PA      | $307132.62    | 0.01%             | 2029-01-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LANDWIRTSCH. RENTENBANK                                                    | Landwirtschaftliche Rentenbank                                                   | CUSIP: 000000000<br>LEI: 529900Z3J0N6S0F7CT25 | Long             | DBT              | CORP              | DE        |    475000 | PA      | $459255.87    | 0.01%             | 2027-01-14      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| S&P Global Inc                                                             | S&P Global Inc                                                                   | CUSIP: 78409VAM6<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |     64000 | PA      | $62760.61     | 0.00%             | 2027-01-22      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                                   | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    380000 | PA      | $380948.87    | 0.01%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST GAS CORP                                                         | Southwest Gas Corp                                                               | CUSIP: 845011AH8<br>LEI: OQQR1IQTGBKH0UR88X59 | Long             | DBT              | CORP              | US        |     95000 | PA      | $97127.83     | 0.00%             | 2028-03-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Owner Trust                                                    | BMW Vehicle Owner Trust 2025-A                                                   | CUSIP: 096924AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    270000 | PA      | $272267.01    | 0.01%             | 2032-12-27      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| DH EUROPE FINANCE II                                                       | DH Europe Finance II Sarl                                                        | CUSIP: 23291KAH8<br>LEI: 222100KDGL314CKTZ511 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $186058.55    | 0.00%             | 2029-11-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING                                                    | Alcoa Nederland Holding BV                                                       | CUSIP: 013822AG6<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |    150000 | PA      | $142889.33    | 0.00%             | 2029-03-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SOAR WISE LTD                                                              | Soar Wise Ltd                                                                    | CUSIP: 000000000<br>LEI: 2138001423MK8G3BNM68 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $195965.05    | 0.00%             | 2027-08-27      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                               | Navient Corp                                                                     | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    125000 | PA      | $136717.69    | 0.00%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CNK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  31671000 | PA      | $31559656.80  | 0.71%             | 2030-06-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                                                           | Georgia Power Co                                                                 | CUSIP: 373334KS9<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    230000 | PA      | $231959.39    | 0.01%             | 2028-05-16      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| OGE ENERGY CORP                                                            | OGE Energy Corp                                                                  | CUSIP: 670837AD5<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123593.85    | 0.00%             | 2029-05-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| TOLL BROS FINANCE CORP                                                     | Toll Brothers Finance Corp                                                       | CUSIP: 88947EAU4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $97070.53     | 0.00%             | 2029-11-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: —       |
| HF SINCLAIR CORP                                                           | HF Sinclair Corp                                                                 | CUSIP: 403949AQ3<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119789.56    | 0.00%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jeld-Wen Inc                                                               | JELD-WEN Inc                                                                     | CUSIP: 475795AD2<br>LEI: 549300XWE6NM0N1HFW16 | Long             | DBT              | CORP              | US        |    120000 | PA      | $113786.89    | 0.00%             | 2027-12-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| SOUTHWEST AIRLINES CO                                                      | Southwest Airlines Co                                                            | CUSIP: 844741BK3<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    565000 | PA      | $568764.93    | 0.01%             | 2027-06-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CINCINNATI FINL CORP                                                       | Cincinnati Financial Corp                                                        | CUSIP: 172062AF8<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | DBT              | CORP              | US        |    130000 | PA      | $138782.09    | 0.00%             | 2028-05-15      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                         | Banco Santander SA                                                               | CUSIP: 05964HAJ4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    595000 | PA      | $592732.00    | 0.01%             | 2028-04-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                                                      | Continental Resources Inc/OK                                                     | CUSIP: 212015AS0<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |    325000 | PA      | $319833.73    | 0.01%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| JACKSON FINANCIAL INC                                                      | Jackson Financial Inc                                                            | CUSIP: 46817MAR8<br>LEI: 213800WXW2KG1N4CO374 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116030.06    | 0.00%             | 2027-06-08      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                                                    | Astrazeneca Finance LLC                                                          | CUSIP: 04636NAG8<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204443.49    | 0.00%             | 2030-03-03      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                                                      | Micron Technology Inc                                                            | CUSIP: 595112BQ5<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    310000 | PA      | $308564.56    | 0.01%             | 2030-02-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                                   | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AJ0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    200000 | PA      | $190547.37    | 0.00%             | 2029-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                   | Service Properties Trust                                                         | CUSIP: 44106MBA9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    150000 | PA      | $147497.90    | 0.00%             | 2026-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MID-AMERICA APARTMENTS                                                     | Mid-America Apartments LP                                                        | CUSIP: 59523UAN7<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              |  | US        |    220000 | PA      | $217119.43    | 0.00%             | 2027-06-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Ecolab Inc                                                                 | Ecolab Inc                                                                       | CUSIP: 278865AV2<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29409.81     | 0.00%             | 2026-11-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                                   | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    460000 | PA      | $443923.57    | 0.01%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| DIAGEO CAPITAL PLC                                                         | Diageo Capital PLC                                                               | CUSIP: 25243YBK4<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |    210000 | PA      | $212136.79    | 0.00%             | 2026-10-05      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                                                     | CenterPoint Energy Inc                                                           | CUSIP: 15189TAX5<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    120000 | PA      | $111517.91    | 0.00%             | 2030-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| BARINGS BDC INC                                                            | Barings BDC Inc                                                                  | CUSIP: 06759LAD5<br>LEI: 549300GSF4KFZP6ONG49 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51818.46     | 0.00%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                                    | International Bank for Reconstruction & Development                              | CUSIP: 459058FT5<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    423000 | PA      | $411537.33    | 0.01%             | 2026-10-27      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Jabil Inc                                                                  | Jabil Inc                                                                        | CUSIP: 466313AH6<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123250.87    | 0.00%             | 2028-01-12      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA                                                   | Cooperatieve Rabobank UA                                                         | CUSIP: 74977RDS0<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    330000 | PA      | $338020.03    | 0.01%             | 2029-02-28      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                                         | Banco Santander SA                                                               | CUSIP: 05971KAF6<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $379177.18    | 0.01%             | 2030-05-28      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| SHELL FINANCE US INC                                                       | Shell Finance US Inc                                                             | CUSIP: 822905AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    430000 | PA      | $400771.22    | 0.01%             | 2030-04-06      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                    | HCA Inc                                                                          | CUSIP: 404119BX6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    600000 | PA      | $588254.66    | 0.01%             | 2029-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                               | Broadcom Inc                                                                     | CUSIP: 11135FBR1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    240000 | PA      | $236248.48    | 0.01%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS                                                   | Wyndham Hotels & Resorts Inc                                                     | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |    175000 | PA      | $169852.40    | 0.00%             | 2028-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                         | Energy Transfer LP                                                               | CUSIP: 29273VBC3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102580.04    | 0.00%             | 2054-10-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| OLIN CORP                                                                  | Olin Corp                                                                        | CUSIP: 680665AL0<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    205000 | PA      | $202144.65    | 0.00%             | 2029-08-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| BNG BANK NV                                                                | BNG Bank NV                                                                      | CUSIP: 05591F2Z2<br>LEI: 529900GGYMNGRQTDOO93 | Long             | DBT              | NUSS              | NL        |     35000 | PA      | $35349.98     | 0.00%             | 2028-02-11      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Entergy Texas Inc                                                          | Entergy Texas Inc                                                                | CUSIP: 29365TAG9<br>LEI: LWXX58X12AJXISQ28573 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19727.34     | 0.00%             | 2029-03-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICE                                                   | Prime Healthcare Services Inc                                                    | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    465000 | PA      | $461976.17    | 0.01%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                       | Mercedes-Benz Finance North America LLC                                          | CUSIP: 58769JAL1<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    475000 | PA      | $483281.62    | 0.01%             | 2028-08-03      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| NANYANG COMMERCIAL BANK                                                    | Nanyang Commercial Bank Ltd                                                      | CUSIP: 000000000<br>LEI: SC4P6WZO702RYEIU7J93 | Long             | DBT              | CORP              | HK        |    250000 | PA      | $254859.11    | 0.01%             | 2034-08-06      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                                     | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550AD3<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     56000 | PA      | $57851.98     | 0.00%             | 2028-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BOSTON GAS COMPANY                                                         | Boston Gas Co                                                                    | CUSIP: 100743AL7<br>LEI: FN7P4E7K9JOBORDEUX61 | Long             | DBT              | CORP              | US        |    155000 | PA      | $146009.08    | 0.00%             | 2029-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EMPIRE RESORTS INC                                                         | Empire Resorts Inc                                                               | CUSIP: 292052AF4<br>LEI: 549300WBFN23L9HI5N68 | Long             | DBT              | CORP              | US        |     85000 | PA      | $83904.80     | 0.00%             | 2026-11-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NATL BK RAS AL KHMAH                                                       | National Bank of Ras Al-Khaimah PSC/The                                          | CUSIP: 000000000<br>LEI: 254900CDNPJRAT391Y16 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $203364.30    | 0.00%             | 2029-07-25      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTL HLDINGS NE                                                   | Mondelez International Holdings Netherlands BV                                   | CUSIP: 60920LAR5<br>LEI: 549300CW356R8I7N8D33 | Long             | DBT              | CORP              | NL        |    195000 | PA      | $187811.91    | 0.00%             | 2026-09-24      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG                                                   | Banco Bilbao Vizcaya Argentaria SA                                               | CUSIP: 05946KAQ4<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |    215000 | PA      | $220921.38    | 0.00%             | 2029-03-13      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                               | SM Energy Co                                                                     | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    220000 | PA      | $220172.06    | 0.00%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                                   | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $198397.48    | 0.00%             | 2029-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                  | Boeing Co/The                                                                    | CUSIP: 097023CM5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    370000 | PA      | $359331.20    | 0.01%             | 2027-02-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HLDGS GR                                                   | Newfold Digital Holdings Group Inc                                               | CUSIP: 29279XAA8<br>LEI: 549300UTQC2651SB0W88 | Long             | DBT              | CORP              | US        |    150000 | PA      | $90484.63     | 0.00%             | 2029-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VALARIS LTD                                                                | Valaris Ltd                                                                      | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    340000 | PA      | $350914.31    | 0.01%             | 2030-04-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD LP                                                       | Cantor Fitzgerald LP                                                             | CUSIP: 138616AM9<br>LEI: 549300RLUEEVQEMX0450 | Long             | DBT              | CORP              | US        |    300000 | PA      | $318891.50    | 0.01%             | 2028-12-12      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| SYNOVUS BANK GA                                                            | Synovus Bank/Columbus GA                                                         | CUSIP: 87164DVJ6<br>LEI: DX0JX77PRMOELF7VG772 | Long             | DBT              | CORP              | US        |    220000 | PA      | $222660.09    | 0.01%             | 2028-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138WFKQ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    102460 | PA      | $98665.30     | 0.00%             | 2030-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| TAKE-TWO INTERACTIVE SOF                                                   | Take-Two Interactive Software Inc                                                | CUSIP: 874054AK5<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |    265000 | PA      | $268438.21    | 0.01%             | 2028-03-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Netflix Inc                                                                | Netflix Inc                                                                      | CUSIP: 64110LAN6<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    268000 | PA      | $268718.76    | 0.01%             | 2026-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PIEDMONT NATURAL GAS CO                                                    | Piedmont Natural Gas Co Inc                                                      | CUSIP: 720186AL9<br>LEI: VXB4M3BDPKF3I2AZ3G89 | Long             | DBT              | CORP              | US        |    180000 | PA      | $173732.92    | 0.00%             | 2029-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                  | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F022485<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1175000 | PA      | $1090770.43   | 0.02%             | 2039-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                                              | DTE Energy Co                                                                    | CUSIP: 233331BJ5<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    465000 | PA      | $469987.67    | 0.01%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Booking Holdings Inc                                                       | Booking Holdings Inc                                                             | CUSIP: 741503BC9<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |    110000 | PA      | $107834.37    | 0.00%             | 2028-03-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| CELULOSA ARAUCO CONSTITU                                                   | Celulosa Arauco y Constitucion SA                                                | CUSIP: 151191BB8<br>LEI: 549300QEKV8G0AMNQD28 | Long             | DBT              | CORP              | CL        |    205000 | PA      | $200864.43    | 0.00%             | 2027-11-02      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                     | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406RBA4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    235000 | PA      | $227696.82    | 0.01%             | 2027-01-26      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                                                        | Travel + Leisure Co                                                              | CUSIP: 98310WAN8<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135984.56    | 0.00%             | 2027-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                     | Standard Chartered PLC                                                           | CUSIP: 853254BK5<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $99696.36     | 0.00%             | 2033-03-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| HONG KONG MORTGAGE CORP                                                    | Hong Kong Mortgage Corp Ltd/The                                                  | CUSIP: 000000000<br>LEI: 254900W04TBDJ4UBOS04 | Long             | DBT              | NUSS              | HK        |    200000 | PA      | $199220.47    | 0.00%             | 2027-10-18      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                     | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406RBG1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    295000 | PA      | $292933.38    | 0.01%             | 2028-06-13      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                                                         | Pacific Life Global Funding II                                                   | CUSIP: 6944PL2U2<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |    410000 | PA      | $422743.19    | 0.01%             | 2028-07-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EVW6<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    315000 | PA      | $304247.38    | 0.01%             | 2026-10-13      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ADV6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150785.35    | 0.00%             | 2028-06-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                                   | Permian Resources Operating LLC                                                  | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225015.66    | 0.01%             | 2029-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                                                    | Light & Wonder International Inc                                                 | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154012.53    | 0.00%             | 2029-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp                                                           | BAT Capital Corp                                                                 | CUSIP: 05526DBB0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    611000 | PA      | $599678.26    | 0.01%             | 2027-08-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE                                                      | United Parcel Service Inc                                                        | CUSIP: 911312BU9<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65274.44     | 0.00%             | 2029-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                                       | Keurig Dr Pepper Inc                                                             | CUSIP: 49271VAP5<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    290000 | PA      | $284371.18    | 0.01%             | 2029-04-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                       | Bank of America Corp                                                             | CUSIP: 06051GHX0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    665000 | PA      | $622237.42    | 0.01%             | 2030-10-22      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                                                     | Mondelez International Inc                                                       | CUSIP: 609207BA2<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |    242000 | PA      | $235281.52    | 0.01%             | 2027-03-17      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| WISCONSIN PUBLIC SERVICE                                                   | Wisconsin Public Service Corp                                                    | CUSIP: 976843BQ4<br>LEI: 549300BJRHJVYNUMQZ30 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80601.75     | 0.00%             | 2029-12-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                                     | Diamondback Energy Inc                                                           | CUSIP: 25278XAN9<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    305000 | PA      | $291130.82    | 0.01%             | 2029-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| INGREDION INC                                                              | Ingredion Inc                                                                    | CUSIP: 457187AC6<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | DBT              | CORP              | US        |    150000 | PA      | $138485.00    | 0.00%             | 2030-06-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                     | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406RAD9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108215.53    | 0.00%             | 2027-05-16      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Comerica Inc                                                               | Comerica Inc                                                                     | CUSIP: 200340AT4<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |    220000 | PA      | $215005.35    | 0.00%             | 2029-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SITIO ROYAL OP / SIT FIN                                                   | Sitio Royalties Operating Partnership LP / Sitio Finance Corp                    | CUSIP: 82983MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $208674.71    | 0.00%             | 2028-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| EMERSON ELECTRIC CO                                                        | Emerson Electric Co                                                              | CUSIP: 291011BP8<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | DBT              | CORP              | US        |    190000 | PA      | $182734.05    | 0.00%             | 2026-10-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                   | Lloyds Banking Group PLC                                                         | CUSIP: 53944YBA0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    395000 | PA      | $409747.14    | 0.01%             | 2030-06-05      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                                        | Oman Government International Bonds                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    550000 | PA      | $555521.59    | 0.01%             | 2027-03-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ADG9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247608.66    | 0.01%             | 2029-09-26      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| BRIGHT GALAXY INTL LTD                                                     | Bright Galaxy International Ltd                                                  | CUSIP: 000000000<br>LEI: 655600WU5N985MBAAW94 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $196089.19    | 0.00%             | 2026-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DORNOCH DEBT MERGER SUB                                                    | Dornoch Debt Merger Sub Inc                                                      | CUSIP: 25830JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    195000 | PA      | $155154.07    | 0.00%             | 2029-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| UNICREDIT SPA                                                              | UniCredit SpA                                                                    | CUSIP: 904678AS8<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    350000 | PA      | $347710.11    | 0.01%             | 2035-06-30      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                                        | Altice Financing SA                                                              | CUSIP: 02154CAH6<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    660000 | PA      | $505264.85    | 0.01%             | 2029-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                          | Iron Mountain Inc                                                                | CUSIP: 46284VAP6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    300000 | PA      | $308347.74    | 0.01%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TNJ0<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    235000 | PA      | $238188.75    | 0.01%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ENERSYS                                                                    | EnerSys                                                                          | CUSIP: 29275YAC6<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | DBT              | CORP              | US        |     85000 | PA      | $83500.08     | 0.00%             | 2027-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                   | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BJ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    355000 | PA      | $347133.59    | 0.01%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                                                      | Northrop Grumman Corp                                                            | CUSIP: 666807CN0<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    225000 | PA      | $226523.71    | 0.01%             | 2030-07-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                       | Enel Finance International NV                                                    | CUSIP: 29278GAF5<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    315000 | PA      | $306591.95    | 0.01%             | 2028-04-06      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                                    | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    260000 | PA      | $266672.39    | 0.01%             | 2029-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INC                                                      | Texas Instruments Inc                                                            | CUSIP: 882508BJ2<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22241.75     | 0.00%             | 2030-05-04      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM                                                   | Amcor Flexibles North America Inc                                                | CUSIP: 02344AAC2<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |    270000 | PA      | $271466.80    | 0.01%             | 2028-03-17      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                           | T-Mobile USA Inc                                                                 | CUSIP: 87264ADL6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    240000 | PA      | $237494.62    | 0.01%             | 2029-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| METINVEST BV                                                               | Metinvest BV                                                                     | CUSIP: 000000000<br>LEI: 635400TMCKVEU87EJ582 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $152474.31    | 0.00%             | 2029-10-17      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                      | Wells Fargo & Co                                                                 | CUSIP: 95000U2L6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    750000 | PA      | $744974.41    | 0.02%             | 2031-04-04      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| KFW                                                                        | Kreditanstalt fuer Wiederaufbau                                                  | CUSIP: 000000000<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |    240000 | PA      | $240910.16    | 0.01%             | 2028-01-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                                      | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $210714.14    | 0.00%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ISRAEL DISCOUNT BANK                                                       | Israel Discount Bank Ltd                                                         | CUSIP: 000000000<br>LEI: 549300XWZ7BG5G23OF51 | Long             | DBT              | CORP              | IL        |    200000 | PA      | $201041.61    | 0.00%             | 2028-01-26      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BACARDI-MARTINI BV                                                         | Bacardi-Martini BV                                                               | CUSIP: 05634WAA0<br>LEI: 5493002XXBV8B88K2408 | Long             | DBT              | CORP              | NL        |    190000 | PA      | $195210.45    | 0.00%             | 2030-02-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                        | Dominion Energy Inc                                                              | CUSIP: 25746UDG1<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    455000 | PA      | $431917.60    | 0.01%             | 2030-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138ERUK4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     41341 | PA      | $40500.55     | 0.00%             | 2032-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                                                     | Williams Cos Inc/The                                                             | CUSIP: 96949LAD7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    552000 | PA      | $544254.50    | 0.01%             | 2027-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CKZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3474000 | PA      | $3501276.32   | 0.08%             | 2027-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                                                          | L3Harris Technologies Inc                                                        | CUSIP: 502431AL3<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    135000 | PA      | $133887.49    | 0.00%             | 2026-12-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                                                    | Walt Disney Co/The                                                               | CUSIP: 254687FP6<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    265000 | PA      | $263216.83    | 0.01%             | 2027-03-23      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CONTEMPRY RUIDNG DEVELOP                                                   | Contemporary Ruiding Development Ltd                                             | CUSIP: 000000000<br>LEI: 549300MSU00BINFBY870 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $193201.05    | 0.00%             | 2026-09-09      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                   | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MBK0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    200000 | PA      | $208439.76    | 0.00%             | 2055-03-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Essex Portfolio LP                                                         | Essex Portfolio LP                                                               | CUSIP: 29717PAR8<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              |  | US        |     90000 | PA      | $88719.84     | 0.00%             | 2027-05-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138EQ5W8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    325356 | PA      | $316720.82    | 0.01%             | 2031-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STANLEY BLACK & DECKER I                                                   | Stanley Black & Decker Inc                                                       | CUSIP: 854502AL5<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |    240000 | PA      | $214447.55    | 0.00%             | 2030-03-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| ATLASSIAN CORPORATION                                                      | Atlassian Corp                                                                   | CUSIP: 049468AA9<br>LEI: 549300V7ZY5P02D2MY38 | Long             | DBT              | CORP              | US        |    105000 | PA      | $107091.65    | 0.00%             | 2029-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LABORATORY CORP OF AMER                                                    | Laboratory Corp of America Holdings                                              | CUSIP: 50540RAZ5<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197880.25    | 0.00%             | 2030-04-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138WFAW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24044 | PA      | $23396.44     | 0.00%             | 2030-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                         | Credit Agricole SA                                                               | CUSIP: 22535WAL1<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    380000 | PA      | $379902.50    | 0.01%             | 2028-09-11      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| HANA BANK                                                                  | KEB Hana Bank                                                                    | CUSIP: 000000000<br>LEI: 6RPK2YDJN6L35AS0M510 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $191493.61    | 0.00%             | 2026-12-16      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                   | Capital One Financial Corp                                                       | CUSIP: 14040HBW4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    505000 | PA      | $497490.35    | 0.01%             | 2028-01-31      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| MVM ENERGETIKA ZRT                                                         | MVM Energetika Zrt                                                               | CUSIP: 000000000<br>LEI: 529900ELI5AQ9F74PF85 | Long             | DBT              | CORP              | HU        |    200000 | PA      | $210054.75    | 0.00%             | 2028-06-09      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                                                     | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              |  | US        |    225000 | PA      | $216519.73    | 0.00%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                              | DISH DBS Corp                                                                    | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $328231.70    | 0.01%             | 2029-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                                          | General Motors Co                                                                | CUSIP: 37045VBC3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40657.24     | 0.00%             | 2028-04-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                   | Caterpillar Financial Services Corp                                              | CUSIP: 14913UAL4<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126688.82    | 0.00%             | 2027-05-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ERP Operating LP                                                           | ERP Operating LP                                                                 | CUSIP: 26884ABG7<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              | CORP              | US        |    215000 | PA      | $210408.13    | 0.00%             | 2027-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66 CO                                                             | Phillips 66 Co                                                                   | CUSIP: 718547AH5<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73683.61     | 0.00%             | 2028-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                        | Citigroup Commercial Mortgage Trust 2019-C7                                      | CUSIP: 17328CAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $935196.71    | 0.02%             | 2072-12-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| WESTERN-SOUTHERN GLOBAL                                                    | Western-Southern Global Funding                                                  | CUSIP: 95954A2B8<br>LEI: 635400PFYEGVSGK4VB37 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75069.23     | 0.00%             | 2028-07-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HERCULES CAPITAL INC                                                       | Hercules Capital Inc                                                             | CUSIP: 427096AJ1<br>LEI: 549300UJ5OC256GR2B73 | Long             | DBT              | CORP              | US        |    160000 | PA      | $155483.06    | 0.00%             | 2027-01-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: —       |
| RTX CORP                                                                   | RTX Corp                                                                         | CUSIP: 913017CY3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    885000 | PA      | $878838.24    | 0.02%             | 2028-11-16      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                         | Realty Income Corp                                                               | CUSIP: 756109BR4<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |    130000 | PA      | $131815.28    | 0.00%             | 2030-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CLP POWER HK FINANCING                                                     | CLP Power Hong Kong Financing Ltd                                                | CUSIP: 000000000<br>LEI: 254900SBJOP9O3YV1271 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $195774.59    | 0.00%             | 2027-10-26      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                   | European Investment Bank                                                         | CUSIP: 298785JZ0<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |   2880000 | PA      | $2886647.93   | 0.07%             | 2029-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DANAOS CORP                                                                | Danaos Corp                                                                      | CUSIP: 23585WAA2<br>LEI: 734IM3DNDNT36T7YTD24 | Long             | DBT              | CORP              | MH        |     75000 | PA      | $76221.73     | 0.00%             | 2028-03-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| HANA BANK                                                                  | KEB Hana Bank                                                                    | CUSIP: 48723TAD3<br>LEI: 6RPK2YDJN6L35AS0M510 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $208009.60    | 0.00%             | 2028-10-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CARS.COM INC                                                               | Cars.com Inc                                                                     | CUSIP: 14575EAA3<br>LEI: 5493002G6J07LNGX4M98 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119848.01    | 0.00%             | 2028-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                                                    | National Australia Bank Ltd                                                      | CUSIP: 632525AS0<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |    400000 | PA      | $383906.04    | 0.01%             | 2034-08-02      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| MALLINCKRODT FIN/SB                                                        | Mallinckrodt International Finance SA / Mallinckrodt CB LLC                      | CUSIP: 561233AN7<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    145000 | PA      | $149040.42    | 0.00%             | 2028-11-14      | Fixed         | 14.75%                | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                   | AT&T Inc                                                                         | CUSIP: 00206RGL0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    535000 | PA      | $531141.48    | 0.01%             | 2028-02-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                                                        | Sherwin-Williams Co/The                                                          | CUSIP: 824348BS4<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10041.50     | 0.00%             | 2028-03-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                                      | Williams Scotsman Inc                                                            | CUSIP: 96949VAM5<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153847.34    | 0.00%             | 2029-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                    | BPCE SA                                                                          | CUSIP: 05578AE46<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $251406.48    | 0.01%             | 2027-07-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                   | Caterpillar Financial Services Corp                                              | CUSIP: 14913UAY6<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100440.51    | 0.00%             | 2028-03-03      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| PRICOA GLOBAL FUNDING 1                                                    | Pricoa Global Funding I                                                          | CUSIP: 74153WCU1<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |    170000 | PA      | $170104.95    | 0.00%             | 2027-08-27      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                                                | PepsiCo Inc                                                                      | CUSIP: 713448FL7<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    310000 | PA      | $306367.90    | 0.01%             | 2028-02-18      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132CXDN9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    161034 | PA      | $156975.64    | 0.00%             | 2038-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC                                                          | General Mills Inc                                                                | CUSIP: 370334CL6<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185462.83    | 0.00%             | 2030-04-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                                                           | FirstEnergy Corp                                                                 | CUSIP: 337932AL1<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    180000 | PA      | $165048.82    | 0.00%             | 2030-03-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                                                             | Hertz Corp/The                                                                   | CUSIP: 428040DA4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    160000 | PA      | $144694.92    | 0.00%             | 2026-12-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| HARTFORD INSUR GRP INC/T                                                   | Hartford Insurance Group Inc/The                                                 | CUSIP: 416515BE3<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | DBT              | CORP              | US        |    155000 | PA      | $145346.17    | 0.00%             | 2029-08-19      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                               | UBS Group AG                                                                     | CUSIP: 902613AS7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    545000 | PA      | $545054.18    | 0.01%             | 2027-08-05      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FIN US INC                                                      | Stellantis Finance US Inc                                                        | CUSIP: 85855CAK6<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |    220000 | PA      | $220547.40    | 0.00%             | 2030-03-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RENTOKIL TERMINIX LLC                                                      | Rentokil Terminix Funding LLC                                                    | CUSIP: 760130AA2<br>LEI: 984500D5BAA7560EKJ44 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201428.64    | 0.00%             | 2030-04-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD                                                      | Nabors Industries Ltd                                                            | CUSIP: 629571AB6<br>LEI: 5493008TXYN3II3PU369 | Long             | DBT              | CORP              | BM        |    110000 | PA      | $101526.37    | 0.00%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| VISTRA OPERATIONS CO LLC                                                   | Vistra Operations Co LLC                                                         | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    375000 | PA      | $363426.41    | 0.01%             | 2029-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                                                | Equinix Inc                                                                      | CUSIP: 29444UBD7<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |    109000 | PA      | $106718.42    | 0.00%             | 2026-11-18      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                                  | Ball Corp                                                                        | CUSIP: 058498AZ9<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    300000 | PA      | $305360.89    | 0.01%             | 2029-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                                 | US Bancorp                                                                       | CUSIP: 91159HHR4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    385000 | PA      | $377677.36    | 0.01%             | 2027-04-27      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                         | Realty Income Corp                                                               | CUSIP: 756109BJ2<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |    130000 | PA      | $122461.96    | 0.00%             | 2028-06-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Olin Corp                                                                  | Olin Corp                                                                        | CUSIP: 680665AK2<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    150000 | PA      | $143608.65    | 0.00%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | SUMITOMO MITSUI FINL GRP                                                         | CUSIP: 86562MDY3<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $199936.90    | 0.00%             | 2031-07-08      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                              | UBS Commercial Mortgage Trust 2018-C14                                           | CUSIP: 90278KAY7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2631646 | PA      | $2624860.31   | 0.06%             | 2051-12-15      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                                             | Microsoft Corp                                                                   | CUSIP: 594918CN2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    243000 | PA      | $241099.26    | 0.01%             | 2026-09-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Qatar Government International Bonds                                       | Qatar Government International Bonds                                             | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |   1000000 | PA      | $980216.85    | 0.02%             | 2030-04-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                                             | Starbucks Corp                                                                   | CUSIP: 855244AW9<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    200000 | PA      | $180997.89    | 0.00%             | 2030-03-12      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LEND                                                    | Blackstone Secured Lending Fund                                                  | CUSIP: 09261XAB8<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |    270000 | PA      | $263397.15    | 0.01%             | 2026-09-16      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BSF FINANCE                                                                | BSF Finance                                                                      | CUSIP: 000000000<br>LEI: 549300FJCGREO1P1UL36 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $203082.28    | 0.00%             | 2027-11-23      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                                                     | Protective Life Global Funding                                                   | CUSIP: 74368CBX1<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151029.66    | 0.00%             | 2027-01-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XEN2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    485000 | PA      | $499894.98    | 0.01%             | 2029-01-07      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INC                                                      | Texas Instruments Inc                                                            | CUSIP: 882508CK8<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150679.00    | 0.00%             | 2030-05-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MBP4<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    690000 | PA      | $652157.15    | 0.01%             | 2029-07-16      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| LINCOLN FIN GLBL FUNDING                                                   | Lincoln Financial Global Funding                                                 | CUSIP: 53359KAB7<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125285.22    | 0.00%             | 2028-05-28      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BRIGHTHSE FIN GLBL FUND                                                    | Brighthouse Financial Global Funding                                             | CUSIP: 10921U2L1<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152762.28    | 0.00%             | 2029-06-10      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                  | Boeing Co/The                                                                    | CUSIP: 097023BU8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    150000 | PA      | $145614.65    | 0.00%             | 2027-03-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| GATX CORP                                                                  | GATX Corp                                                                        | CUSIP: 361448BF9<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    150000 | PA      | $145786.90    | 0.00%             | 2030-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| W & T OFFSHORE INC                                                         | W&T Offshore Inc                                                                 | CUSIP: 92922PAN6<br>LEI: 549300Q7EOY2YIO3YK85 | Long             | DBT              | CORP              | US        |    115000 | PA      | $105219.37    | 0.00%             | 2029-02-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                   | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MBJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    210000 | PA      | $213188.78    | 0.00%             | 2029-01-19      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                                                             | Merck & Co Inc                                                                   | CUSIP: 58933YBC8<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    435000 | PA      | $416172.49    | 0.01%             | 2027-06-10      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| PROGRESSIVE CORP                                                           | Progressive Corp/The                                                             | CUSIP: 743315AV5<br>LEI: 529900TACNVLY9DCR586 | Long             | DBT              | CORP              | US        |    195000 | PA      | $193237.90    | 0.00%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                         | BMW US Capital LLC                                                               | CUSIP: 05565ECW3<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100817.55    | 0.00%             | 2028-03-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                               | Barclays PLC                                                                     | CUSIP: 06738EBU8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    577000 | PA      | $559719.48    | 0.01%             | 2027-11-24      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                   | Vistra Operations Co LLC                                                         | CUSIP: 92840VAT9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40138.08     | 0.00%             | 2026-12-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                                     | Lumen Technologies Inc                                                           | CUSIP: 550241AB9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    125198 | PA      | $121901.80    | 0.00%             | 2029-04-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                                                    | Astrazeneca Finance LLC                                                          | CUSIP: 04636NAE3<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    445000 | PA      | $416559.06    | 0.01%             | 2028-05-28      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CNH Industrial NV                                                          | CNH Industrial NV                                                                | CUSIP: 12594KAB8<br>LEI: 549300WGC2HZ5J67V817 | Long             | DBT              | CORP              | NL        |    135000 | PA      | $133348.84    | 0.00%             | 2027-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| PUB SVC NEW HAMP                                                           | Public Service Co of New Hampshire                                               | CUSIP: 744538AH2<br>LEI: 549300SHPFALUPKK2351 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100274.21    | 0.00%             | 2028-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                    | Carmax Auto Owner Trust 2025-3                                                   | CUSIP: 14290FAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $401033.31    | 0.01%             | 2031-01-15      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                   | Service Properties Trust                                                         | CUSIP: 81761LAB8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    145000 | PA      | $142923.73    | 0.00%             | 2027-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                         | Ally Financial Inc                                                               | CUSIP: 02005NBU3<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    155000 | PA      | $163346.97    | 0.00%             | 2030-01-03      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                                     | Blackstone Private Credit Fund                                                   | CUSIP: 09261HBC0<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    110000 | PA      | $116817.79    | 0.00%             | 2028-11-27      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                                                   | Western Midstream Operating LP                                                   | CUSIP: 958254AF1<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174762.77    | 0.00%             | 2026-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| SBL HOLDINGS INC                                                           | SBL Holdings Inc                                                                 | CUSIP: 78432MAA3<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |    187000 | PA      | $185623.19    | 0.00%             | 2026-11-13      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON                                                          | Gabon Government International Bond                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |    200000 | PA      | $186843.57    | 0.00%             | 2029-02-18      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| MAIN STREET CAPITAL CORP                                                   | Main Street Capital Corp                                                         | CUSIP: 56035LAH7<br>LEI: 5493001FS9QJLJNF3E20 | Long             | DBT              | CORP              | US        |     75000 | PA      | $78124.84     | 0.00%             | 2029-03-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                       | OneMain Finance Corp                                                             | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85185.60     | 0.00%             | 2030-05-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                                          | Kinder Morgan Inc                                                                | CUSIP: 49456BAZ4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    145000 | PA      | $147663.67    | 0.00%             | 2029-08-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397G49<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    400000 | PA      | $401143.74    | 0.01%             | 2029-11-07      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78017DAA6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    505000 | PA      | $510653.74    | 0.01%             | 2029-01-24      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| OT MIDCO LTD                                                               | OT Midco Ltd                                                                     | CUSIP: 68877AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    195000 | PA      | $160617.44    | 0.00%             | 2030-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                                                | Chemours Co/The                                                                  | CUSIP: 163851AF5<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    255000 | PA      | $236113.57    | 0.01%             | 2028-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                                                    | Exxon Mobil Corp                                                                 | CUSIP: 30231GBK7<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    555000 | PA      | $536453.48    | 0.01%             | 2030-03-19      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| AMEREN CORP                                                                | Ameren Corp                                                                      | CUSIP: 023608AP7<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |    215000 | PA      | $217943.28    | 0.00%             | 2026-12-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CHINA SOUTHERN POWER GRI                                                   | China Southern Power Grid International Finance BVI Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    400000 | PA      | $394318.29    | 0.01%             | 2027-05-08      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                                                        | Kimco Realty OP LLC                                                              | CUSIP: 49446RAP4<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              | CORP              | US        |     55000 | PA      | $53856.59     | 0.00%             | 2026-10-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                                    | Metropolitan Life Global Funding I                                               | CUSIP: 59217GEZ8<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144201.05    | 0.00%             | 2029-03-21      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CKV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12201000 | PA      | $12344457.04  | 0.28%             | 2027-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust                                   | Ford Credit Floorplan Master Owner Trust A                                       | CUSIP: 34529BAA4<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $503411.17    | 0.01%             | 2030-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SHINHAN CARD CO LTD                                                        | Shinhan Card Co Ltd                                                              | CUSIP: 000000000<br>LEI: 988400VPS0FMK2WR8F98 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $193656.46    | 0.00%             | 2027-01-27      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                   | European Investment Bank                                                         | CUSIP: 298785KJ4<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |   1100000 | PA      | $1099271.43   | 0.02%             | 2028-06-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                                                      | Becton Dickinson & Co                                                            | CUSIP: 075887CJ6<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    200000 | PA      | $184704.00    | 0.00%             | 2030-05-20      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                              | Citigroup Inc                                                                    | CUSIP: 172967KA8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1266436.25   | 0.03%             | 2027-09-29      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ANGI GROUP LLC                                                             | ANGI Group LLC                                                                   | CUSIP: 001846AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $158336.76    | 0.00%             | 2028-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                   | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668CM2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200412.13    | 0.00%             | 2029-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66 CO                                                             | Phillips 66 Co                                                                   | CUSIP: 718547AF9<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |    148000 | PA      | $146486.89    | 0.00%             | 2026-10-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    670000 | PA      | $688362.56    | 0.02%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397A45<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    295000 | PA      | $290627.76    | 0.01%             | 2027-01-09      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                       | M&T Bank Corp                                                                    | CUSIP: 55261FAQ7<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134616.19    | 0.00%             | 2028-08-16      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138ERLD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     33108 | PA      | $31638.45     | 0.00%             | 2031-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING                                                         | CNO Global Funding                                                               | CUSIP: 18977W2C3<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |    185000 | PA      | $172895.42    | 0.00%             | 2029-01-06      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                                             | Air Lease Corp                                                                   | CUSIP: 00914AAR3<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    287000 | PA      | $277729.43    | 0.01%             | 2027-01-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                    | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GXG4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    600000 | PA      | $554405.05    | 0.01%             | 2030-02-07      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| LAND O LAKES CAP TRST I                                                    | Land O'Lakes Capital Trust I                                                     | CUSIP: 514665AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $65624.60     | 0.00%             | 2028-03-15      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| CABLEVISION LIGHTPATH                                                      | Cablevision Lightpath LLC                                                        | CUSIP: 12687GAA7<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |    135000 | PA      | $133638.48    | 0.00%             | 2027-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                                     | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAC1<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    400000 | PA      | $395670.22    | 0.01%             | 2027-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                                                | Equinix Inc                                                                      | CUSIP: 29444UBG0<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |    280000 | PA      | $266135.29    | 0.01%             | 2027-07-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| TURKIYE VAKIFLAR BANKASI                                                   | Turkiye Vakiflar Bankasi TAO                                                     | CUSIP: 000000000<br>LEI: 789000KAIHOLSQKQ9858 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $199864.05    | 0.00%             | 2026-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                  | Boeing Co/The                                                                    | CUSIP: 097023DB8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    375000 | PA      | $363088.37    | 0.01%             | 2028-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                                                              | Amphenol Corp                                                                    | CUSIP: 032095AT8<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100197.75    | 0.00%             | 2028-06-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TGS ASA                                                                    | TGS ASA                                                                          | CUSIP: 87243KAA7<br>LEI: 549300NUPLAXPB0WYH90 | Long             | DBT              | CORP              | NO        |    200000 | PA      | $204386.55    | 0.00%             | 2030-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SAN MIGUEL GLOBAL POWER                                                    | San Miguel Global Power Holdings Corp                                            | CUSIP: 000000000<br>LEI: 549300HBCE80QXKII590 | Long             | DBT              | CORP              | PH        |    200000 | PA      | $200227.74    | 0.00%             | 2029-06-12      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Non Gold Pool                                                        | CUSIP: 31300MVK6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4762 | PA      | $4845.49      | 0.00%             | 2045-02-01      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| OFFICE PPTY INCOME TRST                                                    | Office Properties Income Trust                                                   | CUSIP: 67623CAG4<br>LEI: N/A                  | Long             | DBT              |  | US        |    100000 | PA      | $99578.41     | 0.00%             | 2029-03-31      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Hess Corp                                                                  | Hess Corp                                                                        | CUSIP: 023551AF1<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |     16000 | PA      | $18094.27     | 0.00%             | 2029-10-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                            | CSAIL 2019-C15 Commercial Mortgage Trust                                         | CUSIP: 22945DAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    520000 | PA      | $508283.19    | 0.01%             | 2052-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3133GF3W3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1382324 | PA      | $1257195.74   | 0.03%             | 2036-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ICICI BANK LTD/DUBAI                                                       | ICICI Bank Ltd/Dubai                                                             | CUSIP: 45112FAM8<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $195799.44    | 0.00%             | 2027-12-14      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138YXK87<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     53667 | PA      | $52215.58     | 0.00%             | 2030-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Nestle Holdings Inc                                                        | Nestle Holdings Inc                                                              | CUSIP: 641062AF1<br>LEI: 549300EAEU8YV8MQXP30 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295232.18    | 0.01%             | 2028-09-24      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                             | Morgan Stanley                                                                   | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    765000 | PA      | $783028.52    | 0.02%             | 2031-01-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| DIAGEO CAPITAL PLC                                                         | Diageo Capital PLC                                                               | CUSIP: 25243YBB4<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $277619.66    | 0.01%             | 2029-10-24      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78016EYV3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $232423.94    | 0.01%             | 2027-01-21      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                                           | Lamar Media Corp                                                                 | CUSIP: 513075BR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $193140.44    | 0.00%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                                     | Banque Federative du Credit Mutuel SA                                            | CUSIP: 06675DCM2<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    230000 | PA      | $233884.15    | 0.01%             | 2028-02-16      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CKD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  27780000 | PA      | $28099036.08  | 0.63%             | 2029-02-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Best Buy Co Inc                                                            | Best Buy Co Inc                                                                  | CUSIP: 08652BAA7<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99912.84     | 0.00%             | 2028-10-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Altria Group Inc                                                           | Altria Group Inc                                                                 | CUSIP: 02209SBD4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    595000 | PA      | $599333.88    | 0.01%             | 2029-02-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                                                   | Walgreens Boots Alliance Inc                                                     | CUSIP: 931427AW8<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |    230000 | PA      | $247031.93    | 0.01%             | 2029-08-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| HONGKONG INTL QINGDAO                                                      | Hongkong International Qingdao Co Ltd                                            | CUSIP: 000000000<br>LEI: 549300SGT6G2H5JRJN32 | Long             | DBT              | CORP              | HK        |    400000 | PA      | $404685.48    | 0.01%             | 2027-09-12      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| General Motors Co                                                          | General Motors Co                                                                | CUSIP: 37045VAN0<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    105000 | PA      | $104040.77    | 0.00%             | 2027-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| GLAXOSMITHKLINE CAPITAL                                                    | GLAXOSMITHKLINE CAPITAL                                                          | CUSIP: 377372AP2<br>LEI: 5493007Q8VD7Q3ZYZS59 | Long             | DBT              | CORP              | US        |    130000 | PA      | $130313.61    | 0.00%             | 2030-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NBK SPC LTD                                                                | NBK SPC Ltd                                                                      | CUSIP: 000000000<br>LEI: 549300P1ANDK86KWB419 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $205507.74    | 0.00%             | 2030-06-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL REALTY OP LP                                                       | Federal Realty OP LP                                                             | CUSIP: 313747BC0<br>LEI: 549300LI6XZ51GOCJ427 | Long             | DBT              |  | US        |    380000 | PA      | $388017.57    | 0.01%             | 2028-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TARGET CORP                                                                | Target Corp                                                                      | CUSIP: 87612EBJ4<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |    260000 | PA      | $239156.22    | 0.01%             | 2030-02-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                                        | CDW LLC / CDW Finance Corp                                                       | CUSIP: 12513GBD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    290000 | PA      | $287164.11    | 0.01%             | 2028-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NETAPP INC                                                                 | NetApp Inc                                                                       | CUSIP: 64110DAJ3<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | DBT              | CORP              | US        |    108000 | PA      | $103788.86    | 0.00%             | 2027-06-22      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR INC                                                            | Caterpillar Inc                                                                  | CUSIP: 149123CH2<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |    250000 | PA      | $231746.29    | 0.01%             | 2030-04-09      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138WF7H3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     48909 | PA      | $47490.37     | 0.00%             | 2030-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                           | Societe Generale SA                                                              | CUSIP: 83368RCG5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    390000 | PA      | $397783.57    | 0.01%             | 2031-05-22      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                              | Carnival Corp                                                                    | CUSIP: 143658BN1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     95000 | PA      | $95876.72     | 0.00%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PIONEER REWARD LTD                                                         | Pioneer Reward Ltd                                                               | CUSIP: 000000000<br>LEI: 213800S7P8CY8UE2TH93 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $200519.55    | 0.00%             | 2026-11-29      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI HC CAPITAL                                                      | Mitsubishi HC Capital Inc                                                        | CUSIP: 60682LAH5<br>LEI: 353800MZ3QX9RLMH7B09 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $201441.06    | 0.00%             | 2027-09-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| ICD Sukuk Co Ltd                                                           | ICD Sukuk Co Ltd                                                                 | CUSIP: 000000000<br>LEI: 6354009B91BDFKBMT283 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $399585.42    | 0.01%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                                                        | FS KKR Capital Corp                                                              | CUSIP: 302635AP2<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    260000 | PA      | $260861.78    | 0.01%             | 2030-01-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| EI SUKUK CO LTD                                                            | EI Sukuk Co Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300IIDFP0RTSSG071 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $201923.40    | 0.00%             | 2030-03-25      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                                        | CDW LLC / CDW Finance Corp                                                       | CUSIP: 12513GBH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $128925.30    | 0.00%             | 2028-12-01      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                       | Edison International                                                             | CUSIP: 281020BA4<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    165000 | PA      | $163907.08    | 0.00%             | 2029-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                 | AbbVie Inc                                                                       | CUSIP: 00287YDZ9<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    480000 | PA      | $489713.91    | 0.01%             | 2030-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ASG FINANCE DESIGNATED                                                     | ASG Finance Designated Activity Co                                               | CUSIP: 00217AAB2<br>LEI: 5493005UOB0OMEJ4WK10 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $187138.80    | 0.00%             | 2029-05-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| WILLIS NORTH AMERICA INC                                                   | Willis North America Inc                                                         | CUSIP: 970648AJ0<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |    200000 | PA      | $187590.84    | 0.00%             | 2029-09-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corp                                                              | DISH DBS Corp                                                                    | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    570000 | PA      | $506603.40    | 0.01%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                        | Fifth Third Bancorp                                                              | CUSIP: 316773CV0<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    265000 | PA      | $261802.18    | 0.01%             | 2028-03-14      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                             | Morgan Stanley                                                                   | CUSIP: 61747YFH3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    520000 | PA      | $548705.99    | 0.01%             | 2029-11-01      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                       | Bank of America Corp                                                             | CUSIP: 06051GFL8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    350000 | PA      | $348656.35    | 0.01%             | 2026-10-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                                                   | Healthcare Realty Holdings LP                                                    | CUSIP: 42225UAD6<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              |  | US        |    155000 | PA      | $153053.31    | 0.00%             | 2026-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SHRIRAM FINANCE LTD                                                        | Shriram Finance Ltd                                                              | CUSIP: 000000000<br>LEI: 335800TM2YO24B76XL26 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $201352.18    | 0.00%             | 2028-04-03      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT BK OF JAPAN                                                    | Development Bank of Japan Inc                                                    | CUSIP: 25159MBG1<br>LEI: 5493001HGBABMWFZUI25 | Long             | DBT              | NUSS              | JP        |   1030000 | PA      | $1012200.59   | 0.02%             | 2027-04-28      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PERENTI FINANCE PTY LTD                                                    | Perenti Finance Pty Ltd                                                          | CUSIP: 71367VAB5<br>LEI: 894500ZDIIAOXSQHE612 | Long             | DBT              | CORP              | AU        |     60000 | PA      | $61874.50     | 0.00%             | 2029-04-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CNO Financial Group Inc                                                    | CNO Financial Group Inc                                                          | CUSIP: 12621EAL7<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | DBT              | CORP              | US        |    105000 | PA      | $105895.99    | 0.00%             | 2029-05-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT                                                   | Element Fleet Management Corp                                                    | CUSIP: 286181AM4<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |    105000 | PA      | $106436.81    | 0.00%             | 2027-03-13      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                   | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175CD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    380000 | PA      | $349034.41    | 0.01%             | 2029-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                             | Morgan Stanley                                                                   | CUSIP: 61747YFP5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    475000 | PA      | $483997.14    | 0.01%             | 2028-04-13      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEM                                                   | Advanced Drainage Systems Inc                                                    | CUSIP: 00790RAA2<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98954.20     | 0.00%             | 2027-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC                                                          | CBRE Services Inc                                                                | CUSIP: 12505BAJ9<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125667.75    | 0.00%             | 2030-06-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| QVC INC                                                                    | QVC Inc                                                                          | CUSIP: 747262BA0<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |    176000 | PA      | $79237.44     | 0.00%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| EMIRATES NBD BANK PJSC                                                     | Emirates NBD Bank PJSC                                                           | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $200274.04    | 0.00%             | 2026-04-09      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 31418ESM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    140638 | PA      | $137018.34    | 0.00%             | 2038-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                                    | International Bank for Reconstruction & Development                              | CUSIP: 459058KW2<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   1615000 | PA      | $1646200.48   | 0.04%             | 2028-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NESCO HOLDINGS II INC                                                      | NESCO Holdings II Inc                                                            | CUSIP: 64083YAA9<br>LEI: 254900FAHT0HW9T6L409 | Long             | DBT              | CORP              | US        |    275000 | PA      | $268094.58    | 0.01%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                                        | Global Payments Inc                                                              | CUSIP: 37940XAB8<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    405000 | PA      | $380736.67    | 0.01%             | 2029-08-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| BURGAN BANK                                                                | Burgan Bank SAK                                                                  | CUSIP: 000000000<br>LEI: 558600NC81HKXMFSTY52 | Long             | DBT              | CORP              | KW        |    200000 | PA      | $189995.40    | 0.00%             | 2031-12-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                                   | First Quantum Minerals Ltd                                                       | CUSIP: 000000000<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $424001.00    | 0.01%             | 2029-03-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                                        | United Airlines Inc                                                              | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    600000 | PA      | $585599.39    | 0.01%             | 2029-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                                    | Colombia Government International Bonds                                          | CUSIP: 195325ER2<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    600000 | PA      | $628617.78    | 0.01%             | 2030-04-25      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MCH1<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    755000 | PA      | $729412.64    | 0.02%             | 2026-09-17      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Marathon Petroleum Corp                                                    | Marathon Petroleum Corp                                                          | CUSIP: 56585ABD3<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |    255000 | PA      | $250547.53    | 0.01%             | 2028-04-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                                     | Santander Holdings USA Inc                                                       | CUSIP: 80282KBJ4<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    200000 | PA      | $208415.24    | 0.00%             | 2030-01-09      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                                      | Uber Technologies Inc                                                            | CUSIP: 90353TAG5<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200567.56    | 0.00%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                                                    | Nationwide Building Society                                                      | CUSIP: 63861VAB3<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    375000 | PA      | $371913.38    | 0.01%             | 2029-03-08      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EWD7<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    355000 | PA      | $344644.43    | 0.01%             | 2027-03-08      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| ADANI TRANS STEP-ONE LTD                                                   | Adani Transmission Step-One Ltd                                                  | CUSIP: 000000000<br>LEI: 335800Z8CGS7O7D72N41 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $197151.64    | 0.00%             | 2026-08-03      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                                                      | Micron Technology Inc                                                            | CUSIP: 595112CA9<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256271.16    | 0.01%             | 2028-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BANK OF CHINA/SYDNEY                                                       | Bank of China Ltd/Sydney                                                         | CUSIP: 000000000<br>LEI: 25490064D4J0UOZ7XS89 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $200025.86    | 0.00%             | 2028-03-04      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| INDIAN RAILWAY FINANCE                                                     | Indian Railway Finance Corp Ltd                                                  | CUSIP: 45434M2A9<br>LEI: 335800F2JHSOGXQEBY56 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $187498.29    | 0.00%             | 2030-02-13      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PUGET ENERGY INC                                                           | Puget Energy Inc                                                                 | CUSIP: 745310AK8<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144427.42    | 0.00%             | 2030-06-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| BAIDU INC                                                                  | Baidu Inc                                                                        | CUSIP: 056752AV0<br>LEI: 254900AL64IANZYI1E02 | Long             | DBT              | CORP              | KY        |    160000 | PA      | $153323.95    | 0.00%             | 2027-02-23      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140QGV61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2218525 | PA      | $2029245.16   | 0.05%             | 2036-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| RADIAN GROUP INC                                                           | Radian Group Inc                                                                 | CUSIP: 750236AY7<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |    160000 | PA      | $166139.97    | 0.00%             | 2029-05-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BK/NY                                                   | National Australia Bank Ltd/New York                                             | CUSIP: 63253QAL8<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |    240000 | PA      | $245616.06    | 0.01%             | 2030-01-14      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PACCAR FINANCIAL CORP                                                      | PACCAR Financial Corp                                                            | CUSIP: 69371RS31<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |    235000 | PA      | $237295.29    | 0.01%             | 2028-01-10      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                                    | International Bank for Reconstruction & Development                              | CUSIP: 45906M4E8<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |     25000 | PA      | $25024.43     | 0.00%             | 2028-06-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC                                                               | HSBC USA Inc                                                                     | CUSIP: 40428HA44<br>LEI: 549300LBOHZ4QSIWU288 | Long             | DBT              | CORP              | US        |    205000 | PA      | $207812.70    | 0.00%             | 2027-03-04      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                                                        | Bangkok Bank PCL/Hong Kong                                                       | CUSIP: 059895AH5<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |    100000 | PA      | $112418.16    | 0.00%             | 2029-03-15      | Fixed         | 9.03%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                                            | Nissan Motor Co Ltd                                                              | CUSIP: 654744AC5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    770000 | PA      | $750071.32    | 0.02%             | 2027-09-17      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| COBRA ACQUISITIONCO LLC                                                    | Cobra AcquisitionCo LLC                                                          | CUSIP: 19106CAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $100329.34    | 0.00%             | 2029-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                        | Fifth Third Bancorp                                                              | CUSIP: 316773DA5<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38782.36     | 0.00%             | 2027-05-05      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Chase Issuance Trust                                                       | Chase Issuance Trust                                                             | CUSIP: 161571HU1<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1022937.44   | 0.02%             | 2030-09-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                                             | Lowe's Cos Inc                                                                   | CUSIP: 548661DP9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    500000 | PA      | $489078.12    | 0.01%             | 2027-05-03      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| EQUIFAX INC                                                                | Equifax Inc                                                                      | CUSIP: 294429AS4<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |    150000 | PA      | $139891.57    | 0.00%             | 2030-05-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                  | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F040487<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2304000 | PA      | $2236200.19   | 0.05%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                               | SM Energy Co                                                                     | CUSIP: 78454LAW0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120719.75    | 0.00%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC                                                       | Waste Management Inc                                                             | CUSIP: 94106LCB3<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301767.23    | 0.01%             | 2028-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                                                | Equinor ASA                                                                      | CUSIP: 29446MAF9<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |    500000 | PA      | $473546.76    | 0.01%             | 2030-04-06      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                                                   | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAC3<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199587.70    | 0.00%             | 2030-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                                                    | Public Service Electric and Gas Co                                               | CUSIP: 74456QBR6<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39078.45     | 0.00%             | 2026-09-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                                                      | Becton Dickinson & Co                                                            | CUSIP: 075887CQ0<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302375.72    | 0.01%             | 2028-02-13      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CREDIT                                                    | American Express Credit Corp                                                     | CUSIP: 0258M0EL9<br>LEI: 9ET6B8VCXWW51H8Z3M54 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196579.87    | 0.00%             | 2027-05-03      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                         | Roche Holdings Inc                                                               | CUSIP: 771196CP5<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |    205000 | PA      | $204268.87    | 0.00%             | 2029-09-09      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| EVERGY MISSOURI WEST INC                                                   | Evergy Missouri West Inc                                                         | CUSIP: 30037FAA8<br>LEI: EZIFUDC0VSUS6T6LCG85 | Long             | DBT              | CORP              | US        |    245000 | PA      | $247790.24    | 0.01%             | 2027-12-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                   | European Investment Bank                                                         | CUSIP: 298785JR8<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |    250000 | PA      | $231623.39    | 0.01%             | 2029-03-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                                                   | Sealed Air Corp/Sealed Air Corp US                                               | CUSIP: 812127AA6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    290000 | PA      | $292777.51    | 0.01%             | 2028-02-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| HTA GROUP LTD                                                              | HTA Group Ltd/Mauritius                                                          | CUSIP: 000000000<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |    200000 | PA      | $205924.30    | 0.00%             | 2029-06-04      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                                       | Las Vegas Sands Corp                                                             | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    275000 | PA      | $279339.20    | 0.01%             | 2028-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| FAB SUKUK COMPANY LTD                                                      | Fab Sukuk Co Ltd                                                                 | CUSIP: 000000000<br>LEI: 549300JEV79SSEDKS489 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $201683.64    | 0.00%             | 2029-01-23      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                     | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822DE1<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $204548.28    | 0.00%             | 2030-04-17      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES                                                      | TransCanada PipeLines Ltd                                                        | CUSIP: 89352HBG3<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $150960.60    | 0.00%             | 2065-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NEW MOUNTAIN FINANCE COR                                                   | New Mountain Finance Corp                                                        | CUSIP: 647551AG5<br>LEI: 549300L1MPTT1H7SES77 | Long             | DBT              | CORP              | US        |     95000 | PA      | $96158.69     | 0.00%             | 2027-10-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| ONTARIO (PROVINCE OF)                                                      | Province of Ontario Canada                                                       | CUSIP: 683234DB1<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |   1260000 | PA      | $1238007.02   | 0.03%             | 2027-05-19      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| VANKE REAL ESTATE HK                                                       | Vanke Real Estate Hong Kong Co Ltd                                               | CUSIP: 000000000<br>LEI: 25490078APAXS5NZGF08 | Long             | DBT              | CORP              | HK        |    400000 | PA      | $323272.28    | 0.01%             | 2027-11-09      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| AUTODESK INC                                                               | Autodesk Inc                                                                     | CUSIP: 052769AG1<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |    150000 | PA      | $139901.40    | 0.00%             | 2030-01-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CBS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $18671875.00  | 0.42%             | 2028-03-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                                   | New York Life Global Funding                                                     | CUSIP: 64953BBF4<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    145000 | PA      | $146784.96    | 0.00%             | 2026-09-18      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CLP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19162000 | PA      | $19023524.66  | 0.43%             | 2026-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SIEMENS FUNDING BV                                                         | Siemens Funding BV                                                               | CUSIP: 82622RAC0<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $201815.24    | 0.00%             | 2030-05-28      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BANCO BRADESCO (CAYMAN)                                                    | Banco Bradesco SA/Cayman Islands                                                 | CUSIP: 05947LBA5<br>LEI: 549300CTUU1RFXHQJE44 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $198788.72    | 0.00%             | 2027-03-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ERAC USA FINANCE LLC                                                       | ERAC USA Finance LLC                                                             | CUSIP: 26884TAY8<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |    275000 | PA      | $280070.13    | 0.01%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KFW                                                                        | Kreditanstalt fuer Wiederaufbau                                                  | CUSIP: 500769KH6<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |    315000 | PA      | $323882.30    | 0.01%             | 2030-03-18      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIAL LIFE                                                   | Equitable Financial Life Global Funding                                          | CUSIP: 29449W7M3<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |    245000 | PA      | $238005.01    | 0.01%             | 2026-07-12      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                                                     | Cushman & Wakefield US Borrower LLC                                              | CUSIP: 23166MAA1<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |    195000 | PA      | $196407.55    | 0.00%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC                                                       | Waste Management Inc                                                             | CUSIP: 94106LBV0<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    265000 | PA      | $270353.27    | 0.01%             | 2029-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ANTARES HOLDINGS                                                           | Antares Holdings LP                                                              | CUSIP: 03666HAC5<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246417.39    | 0.01%             | 2026-07-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Qatar Government International Bonds                                       | Qatar Government International Bonds                                             | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |    200000 | PA      | $203081.72    | 0.00%             | 2029-05-29      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| XYLEM INC                                                                  | Xylem Inc/NY                                                                     | CUSIP: 98419MAJ9<br>LEI: 549300DF5MV96DRYLQ48 | Long             | DBT              | CORP              | US        |     47000 | PA      | $46270.76     | 0.00%             | 2026-11-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                    | MPLX LP                                                                          | CUSIP: 55336VAK6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    482000 | PA      | $478855.60    | 0.01%             | 2027-03-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CFAMC IV CO LTD                                                            | CFAMC IV Co Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300M6T6OW4AGYHK10 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $195291.11    | 0.00%             | 2029-05-29      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                                     | Blackstone Private Credit Fund                                                   | CUSIP: 09261HAD9<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    402000 | PA      | $388791.94    | 0.01%             | 2026-12-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| REXFORD INDUSTRIAL REALT                                                   | Rexford Industrial Realty LP                                                     | CUSIP: 76169XAC8<br>LEI: 549300028US163ELJN70 | Long             | DBT              |  | US        |    115000 | PA      | $115992.15    | 0.00%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                                           | Ryder System Inc                                                                 | CUSIP: 78355HLE7<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116466.72    | 0.00%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK HILLS CORP                                                           | Black Hills Corp                                                                 | CUSIP: 092113AR0<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |    100000 | PA      | $93444.51     | 0.00%             | 2029-10-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78016HZZ6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $404998.31    | 0.01%             | 2030-08-02      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                                                             | Microsoft Corp                                                                   | CUSIP: 594918BR4<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    993000 | PA      | $975186.08    | 0.02%             | 2026-08-08      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| PROVINCE OF QUEBEC                                                         | Province of Quebec Canada                                                        | CUSIP: 748148SB0<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |    455000 | PA      | $400168.82    | 0.01%             | 2030-05-28      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| SAUDI TELECOM CO                                                           | Saudi Telecom Co                                                                 | CUSIP: 000000000<br>LEI: 21380028ATJ79OTA9W17 | Long             | DBT              | CORP              | SA        |    400000 | PA      | $390100.78    | 0.01%             | 2029-05-13      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| CARLISLE COS INC                                                           | Carlisle Cos Inc                                                                 | CUSIP: 142339AJ9<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |    220000 | PA      | $203018.14    | 0.00%             | 2030-03-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                                    | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    335000 | PA      | $335083.17    | 0.01%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CAMELOT FINANCE SA                                                         | Camelot Finance SA                                                               | CUSIP: 13323AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     60000 | PA      | $59220.04     | 0.00%             | 2026-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                                                   | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    325000 | PA      | $323976.59    | 0.01%             | 2028-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                   | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668BW1<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204678.01    | 0.00%             | 2028-09-12      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                            | Danske Bank A/S                                                                  | CUSIP: 23636ABG5<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    200000 | PA      | $202906.82    | 0.00%             | 2028-03-01      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78017FZQ9<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    195000 | PA      | $194808.22    | 0.00%             | 2027-10-18      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| GETTY IMAGES INC                                                           | Getty Images Inc                                                                 | CUSIP: 374276AM5<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |    155000 | PA      | $148436.22    | 0.00%             | 2030-02-21      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                                    | International Bank for Reconstruction & Development                              | CUSIP: 459058JN4<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   1435000 | PA      | $1333695.04   | 0.03%             | 2027-11-24      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                                                     | GE HealthCare Technologies Inc                                                   | CUSIP: 36267VAH6<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    400000 | PA      | $420984.77    | 0.01%             | 2030-03-15      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                                   | National Rural Utilities Cooperative Finance Corp                                | CUSIP: 63743HFS6<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    145000 | PA      | $149008.45    | 0.00%             | 2029-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                                                      | Republic Services Inc                                                            | CUSIP: 760759BJ8<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    135000 | PA      | $138099.57    | 0.00%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUMITOMO CORP                                                              | Sumitomo Corp                                                                    | CUSIP: 000000000<br>LEI: V82KK8NH1P0JS71FJC05 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $389226.34    | 0.01%             | 2026-07-06      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                                             | Microsoft Corp                                                                   | CUSIP: 594918CQ5<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114118.18    | 0.00%             | 2027-06-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                                     | BP Capital Markets America Inc                                                   | CUSIP: 10373QBK5<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    175000 | PA      | $172820.21    | 0.00%             | 2027-04-06      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| State of Qatar                                                             | Qatar Government International Bond                                              | CUSIP: 74727PAE1<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |    400000 | PA      | $496537.65    | 0.01%             | 2030-06-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| PSP CAPITAL INC                                                            | PSP Capital Inc                                                                  | CUSIP: 69376P2B0<br>LEI: 549300B456N0WEIC5249 | Long             | DBT              | NUSS              | CA        |     35000 | PA      | $32448.91     | 0.00%             | 2028-10-26      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                                                        | Axon Enterprise Inc                                                              | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    260000 | PA      | $266029.01    | 0.01%             | 2030-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| OEKB OEST. KONTROLLBANK                                                    | Oesterreichische Kontrollbank AG                                                 | CUSIP: 676167CK3<br>LEI: 5299000OVRLMF858L016 | Long             | DBT              | CORP              | AT        |    225000 | PA      | $227148.13    | 0.01%             | 2026-10-23      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PACKAGING CORP OF AMERIC                                                   | Packaging Corp of America                                                        | CUSIP: 695156AT6<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | DBT              | CORP              | US        |    155000 | PA      | $151244.59    | 0.00%             | 2027-12-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress LLC                                                   | Duke Energy Progress LLC                                                         | CUSIP: 26442UAG9<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29444.60     | 0.00%             | 2028-09-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XDR4<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    415000 | PA      | $400977.81    | 0.01%             | 2027-02-26      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP II                                                   | Blue Owl Capital Corp II                                                         | CUSIP: 69121DAD2<br>LEI: 549300MMNWZO5XKDDX47 | Long             | DBT              | CORP              | US        |    105000 | PA      | $108652.03    | 0.00%             | 2026-11-15      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| FACTSET RESEARCH SYSTEMS                                                   | FactSet Research Systems Inc                                                     | CUSIP: 303075AA3<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | DBT              | CORP              | US        |    190000 | PA      | $185536.78    | 0.00%             | 2027-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 31418EHC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    211932 | PA      | $206590.22    | 0.00%             | 2037-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140Q7UL9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     55716 | PA      | $53044.10     | 0.00%             | 2032-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WINNEBAGO INDUSTRIES                                                       | Winnebago Industries Inc                                                         | CUSIP: 974637AC4<br>LEI: 549300B7OYKYJLTE3G11 | Long             | DBT              | CORP              | US        |     54000 | PA      | $53689.53     | 0.00%             | 2028-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                          | State Street Corp                                                                | CUSIP: 857477CN1<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    325000 | PA      | $326121.55    | 0.01%             | 2029-02-20      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                                                    | Australia & New Zealand Banking Group Ltd                                        | CUSIP: 052528AR7<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |    250000 | PA      | $256075.54    | 0.01%             | 2034-09-18      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TGY5<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    300000 | PA      | $286526.55    | 0.01%             | 2030-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TRIDENT ENERGY FINANCE                                                     | Trident Energy Finance PLC                                                       | CUSIP: 000000000<br>LEI: 9845004ECK3FYO64I382 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $205543.76    | 0.00%             | 2029-11-30      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                           | Deutsche Bank AG/New York NY                                                     | CUSIP: 251526CP2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    575000 | PA      | $557848.22    | 0.01%             | 2027-11-16      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| ENVIRI CORP                                                                | Enviri Corp                                                                      | CUSIP: 415864AM9<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | DBT              | CORP              | US        |    160000 | PA      | $157355.11    | 0.00%             | 2027-07-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SGUS LLC                                                                   | SGUS LLC                                                                         | CUSIP: 81880AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185185 | PA      | $173053.47    | 0.00%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Prudential Financial Inc                                                   | Prudential Financial Inc                                                         | CUSIP: 744320BF8<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    225000 | PA      | $228127.06    | 0.01%             | 2048-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                                                      | Blue Owl Capital Corp                                                            | CUSIP: 69121KAJ3<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85779.96     | 0.00%             | 2030-07-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| SUN COMMUNITIES OPER LP                                                    | Sun Communities Operating LP                                                     | CUSIP: 866677AF4<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              |  | US        |    135000 | PA      | $125807.55    | 0.00%             | 2028-11-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XEG7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    295000 | PA      | $304998.16    | 0.01%             | 2030-04-06      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AJ6<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $128221.99    | 0.00%             | 2030-01-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Applied Materials Inc                                                      | Applied Materials Inc                                                            | CUSIP: 038222AL9<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | DBT              | CORP              | US        |    395000 | PA      | $389235.26    | 0.01%             | 2027-04-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                                   | New York Life Global Funding                                                     | CUSIP: 64952WFG3<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102173.91    | 0.00%             | 2029-06-06      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Israel Electric Corp Ltd                                                   | Israel Electric Corp Ltd                                                         | CUSIP: 000000000<br>LEI: 254900JW7GE35YNJGJ55 | Long             | DBT              | CORP              | IL        |    400000 | PA      | $390601.64    | 0.01%             | 2028-08-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK NA                                                        | Fifth Third Bank NA                                                              | CUSIP: 31677QBU2<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251510.08    | 0.01%             | 2028-01-28      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140F0JX3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    245732 | PA      | $235135.41    | 0.01%             | 2031-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                       | Bank of America Corp                                                             | CUSIP: 59022CAB9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    261000 | PA      | $265743.93    | 0.01%             | 2026-09-15      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| Perusahaan Penerbit SBSN Indonesia III                                     | Perusahaan Penerbit SBSN Indonesia III                                           | CUSIP: 71567RAH9<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    800000 | PA      | $800031.15    | 0.02%             | 2027-03-29      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140J5DM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    401877 | PA      | $383689.14    | 0.01%             | 2032-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                                                           | LG Energy Solution Ltd                                                           | CUSIP: 000000000<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $205046.33    | 0.00%             | 2028-09-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DIAGEO CAPITAL PLC                                                         | Diageo Capital PLC                                                               | CUSIP: 25243YBD0<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $269254.15    | 0.01%             | 2030-04-29      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                                                | Truist Bank                                                                      | CUSIP: 89788KAA4<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    355000 | PA      | $319065.10    | 0.01%             | 2030-03-11      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Peru LNG Srl                                                               | Peru LNG Srl                                                                     | CUSIP: 000000000<br>LEI: 254900F70J1LOALV5K70 | Long             | DBT              | CORP              | PE        |    333360 | PA      | $317686.84    | 0.01%             | 2030-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AXIS SPECIALTY FINANCE                                                     | AXIS Specialty Finance LLC                                                       | CUSIP: 05463HAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $150525.09    | 0.00%             | 2029-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC                                                       | Waste Management Inc                                                             | CUSIP: 94106LBX6<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152026.53    | 0.00%             | 2027-07-03      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                                      | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAD1<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    345000 | PA      | $328730.16    | 0.01%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OEKB OEST. KONTROLLBANK                                                    | Oesterreichische Kontrollbank AG                                                 | CUSIP: 676167CN7<br>LEI: 5299000OVRLMF858L016 | Long             | DBT              | CORP              | AT        |    306000 | PA      | $302868.23    | 0.01%             | 2029-09-05      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PACKAGING CORP OF AMERIC                                                   | Packaging Corp of America                                                        | CUSIP: 695156AU3<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | DBT              | CORP              | US        |    140000 | PA      | $131945.52    | 0.00%             | 2029-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                      | Tenet Healthcare Corp                                                            | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    450000 | PA      | $448345.04    | 0.01%             | 2027-11-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                                            | McDonald's Corp                                                                  | CUSIP: 58013MFP4<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    552000 | PA      | $543988.79    | 0.01%             | 2027-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NTPC LTD                                                                   | NTPC Ltd                                                                         | CUSIP: 000000000<br>LEI: 335800Q4TRGJXNLVMB81 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $198835.13    | 0.00%             | 2028-03-19      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Lincoln National Corp                                                      | Lincoln National Corp                                                            | CUSIP: 534187BH1<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    140000 | PA      | $137174.45    | 0.00%             | 2028-03-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                   | Benchmark 2024-V9 Mortgage Trust                                                 | CUSIP: 081919AS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $516354.75    | 0.01%             | 2057-08-15      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CEM9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $24105468.75  | 0.54%             | 2029-04-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                                  | IQVIA Inc                                                                        | CUSIP: 46266TAC2<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204846.51    | 0.00%             | 2028-05-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Perusahaan Penerbit SBSN Indonesia III                                     | Perusahaan Penerbit SBSN Indonesia III                                           | CUSIP: 71567RAX4<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $207173.36    | 0.00%             | 2028-11-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                         | BMW US Capital LLC                                                               | CUSIP: 05565ECH6<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201402.29    | 0.00%             | 2027-04-02      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                                        | Oman Government International Bonds                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    600000 | PA      | $629754.62    | 0.01%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                                   | Univision Communications Inc                                                     | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    335000 | PA      | $310043.67    | 0.01%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                                     | Roper Technologies Inc                                                           | CUSIP: 776743AN6<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    315000 | PA      | $296156.34    | 0.01%             | 2027-09-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| VULCAN MATERIALS CO                                                        | Vulcan Materials Co                                                              | CUSIP: 929160BB4<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |    160000 | PA      | $162422.91    | 0.00%             | 2029-12-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Smithfield Foods Inc                                                       | Smithfield Foods Inc                                                             | CUSIP: 832248BB3<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    140000 | PA      | $140568.54    | 0.00%             | 2029-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                                                   | Northwestern Mutual Global Funding                                               | CUSIP: 66815L2Q1<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |    180000 | PA      | $181693.49    | 0.00%             | 2029-01-10      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                   | Capital One Financial Corp                                                       | CUSIP: 14040HCS2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    572000 | PA      | $575204.04    | 0.01%             | 2028-05-10      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| REINSURANCE GRP OF AMER                                                    | Reinsurance Group of America Inc                                                 | CUSIP: 759351AP4<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    200000 | PA      | $186978.65    | 0.00%             | 2030-06-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK OP LLC                                                          | Healthpeak OP LLC                                                                | CUSIP: 40414LAQ2<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              |  | US        |     30000 | PA      | $29648.65     | 0.00%             | 2026-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CHY0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12804000 | PA      | $12870520.75  | 0.29%             | 2026-09-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                     | American Honda Finance Corp                                                      | CUSIP: 02665WDW8<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    250000 | PA      | $234692.11    | 0.01%             | 2028-03-24      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds                          | Argentina Republic Government International Bonds                                | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   1080000 | PA      | $874656.18    | 0.02%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                          | HSBC Holdings PLC                                                                | CUSIP: 404280CC1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    935000 | PA      | $909964.37    | 0.02%             | 2030-05-22      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                      | Athene Global Funding                                                            | CUSIP: 04685A3R0<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45400.73     | 0.00%             | 2027-01-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| NIPPON LIFE INSURANCE                                                      | Nippon Life Insurance Co                                                         | CUSIP: 654579AF8<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $195405.49    | 0.00%             | 2047-09-19      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                       | Mercedes-Benz Finance North America LLC                                          | CUSIP: 58769JBB2<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150676.48    | 0.00%             | 2026-11-13      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                     | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KBM1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    275000 | PA      | $256547.62    | 0.01%             | 2029-11-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                                     | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $254137.46    | 0.01%             | 2028-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| HYUNDAI CAPITAL SERVICES                                                   | Hyundai Capital Services Inc                                                     | CUSIP: 000000000<br>LEI: 549300MALMDAGL2ZJJ27 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $201105.37    | 0.00%             | 2027-02-05      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                                                      | Micron Technology Inc                                                            | CUSIP: 595112BV4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    465000 | PA      | $500186.23    | 0.01%             | 2029-11-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| 3M COMPANY                                                                 | 3M Co                                                                            | CUSIP: 88579YBJ9<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |    295000 | PA      | $272761.82    | 0.01%             | 2029-08-26      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Jamaica Government International Bonds                                     | Jamaica Government International Bonds                                           | CUSIP: 470160CA8<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |    400000 | PA      | $414500.30    | 0.01%             | 2028-04-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                                 | US Bancorp                                                                       | CUSIP: 91159HHS2<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79278.39     | 0.00%             | 2028-04-26      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                                                        | Delta Air Lines Inc                                                              | CUSIP: 247361A32<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    105000 | PA      | $106051.63    | 0.00%             | 2030-07-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALABAMA POWER CO                                                           | Alabama Power Co                                                                 | CUSIP: 010392FY9<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |    580000 | PA      | $574508.82    | 0.01%             | 2027-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                           | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137HBLV4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1007103.84   | 0.02%             | 2028-12-25      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                                    | HCA Inc                                                                          | CUSIP: 404121AJ4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    385000 | PA      | $394645.58    | 0.01%             | 2028-09-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                        | American Express Co                                                              | CUSIP: 025816DP1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    475000 | PA      | $479259.40    | 0.01%             | 2028-02-16      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BRIGHTHSE FIN GLBL FUND                                                    | Brighthouse Financial Global Funding                                             | CUSIP: 10921U2E7<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91857.46     | 0.00%             | 2028-06-28      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TEM3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    240000 | PA      | $233091.48    | 0.01%             | 2028-01-11      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                                                | PepsiCo Inc                                                                      | CUSIP: 713448ER5<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29258.52     | 0.00%             | 2027-03-19      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132D6AD2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7233486 | PA      | $6742878.96   | 0.15%             | 2036-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                                   | Enterprise Products Operating LLC                                                | CUSIP: 29379VBR3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    215000 | PA      | $212382.69    | 0.00%             | 2078-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GUARDIAN LIFE GLOB FUND                                                    | Guardian Life Global Funding                                                     | CUSIP: 40139LBK8<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202282.55    | 0.00%             | 2030-04-28      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                               | Barclays PLC                                                                     | CUSIP: 06738ECR4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    535000 | PA      | $552102.81    | 0.01%             | 2030-03-12      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                                             | Air Lease Corp                                                                   | CUSIP: 00914AAQ5<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    250000 | PA      | $232654.38    | 0.01%             | 2028-09-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG                                                   | Banco Bilbao Vizcaya Argentaria SA                                               | CUSIP: 05946KAL5<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $206229.79    | 0.00%             | 2028-09-14      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                               | Comcast Corp                                                                     | CUSIP: 20030NDK4<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    300000 | PA      | $294996.70    | 0.01%             | 2027-04-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| INDUSTRIAL BANK OF KOREA                                                   | Industrial Bank of Korea                                                         | CUSIP: 45604HAQ0<br>LEI: 988400RBIWE3YA18PK12 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $197653.60    | 0.00%             | 2029-09-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                      | Wells Fargo & Co                                                                 | CUSIP: 949746TB7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     90000 | PA      | $99889.95     | 0.00%             | 2029-11-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp                                                       | Westpac Banking Corp                                                             | CUSIP: 961214DK6<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    345000 | PA      | $340312.44    | 0.01%             | 2027-03-08      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                                           | Welltower OP LLC                                                                 | CUSIP: 95040QAH7<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54398.95     | 0.00%             | 2029-03-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                                               | NiSource Inc                                                                     | CUSIP: 65473PAN5<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    420000 | PA      | $428562.73    | 0.01%             | 2028-03-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FLEX LTD                                                                   | Flex Ltd                                                                         | CUSIP: 33938XAB1<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $200052.57    | 0.00%             | 2030-05-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                                    | International Bank for Reconstruction & Development                              | CUSIP: 459058JW4<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   2094000 | PA      | $1957145.75   | 0.04%             | 2028-04-20      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                                     | Roper Technologies Inc                                                           | CUSIP: 776696AG1<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    195000 | PA      | $194398.45    | 0.00%             | 2029-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HALEON US CAPITAL LLC                                                      | Haleon US Capital LLC                                                            | CUSIP: 36264FAK7<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |    690000 | PA      | $678550.27    | 0.02%             | 2027-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                           | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137HH5X5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $2001062.22   | 0.05%             | 2031-08-25      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                                          | Eversource Energy                                                                | CUSIP: 30040WAE8<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9720.01      | 0.00%             | 2028-01-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                                        | Nomura Holdings Inc                                                              | CUSIP: 65535HBH1<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $205551.41    | 0.00%             | 2028-01-18      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Perusahaan Penerbit SBSN Indonesia III                                     | Perusahaan Penerbit SBSN Indonesia III                                           | CUSIP: 71567RAU0<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    800000 | PA      | $804089.06    | 0.02%             | 2027-06-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd                                                                | Nutrien Ltd                                                                      | CUSIP: 67077MAT5<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $247034.69    | 0.01%             | 2029-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| PPG INDUSTRIES INC                                                         | PPG Industries Inc                                                               | CUSIP: 693506BR7<br>LEI: 549300BKPEP01R3V6C59 | Long             | DBT              | CORP              | US        |     45000 | PA      | $42170.04     | 0.00%             | 2029-08-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                                                | PepsiCo Inc                                                                      | CUSIP: 713448GD4<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    175000 | PA      | $175639.11    | 0.00%             | 2027-02-07      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                   | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668CG5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    330000 | PA      | $333599.21    | 0.01%             | 2029-03-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AON CORP                                                                   | Aon Corp                                                                         | CUSIP: 037389BE2<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |    300000 | PA      | $278063.62    | 0.01%             | 2030-05-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| CNX MIDSTREAM PART LP                                                      | CNX Midstream Partners LP                                                        | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $117942.65    | 0.00%             | 2030-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NIKE Inc                                                                   | NIKE Inc                                                                         | CUSIP: 654106AF0<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | DBT              | CORP              | US        |    275000 | PA      | $268761.23    | 0.01%             | 2026-11-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                                                | Swedbank AB                                                                      | CUSIP: 870195AC8<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |    220000 | PA      | $224576.70    | 0.01%             | 2029-11-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOME CO INC/THE                                                        | New Home Co Inc/The                                                              | CUSIP: 645370AF4<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |     95000 | PA      | $98579.91     | 0.00%             | 2029-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                                                              | Nordstrom Inc                                                                    | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    125000 | PA      | $113887.09    | 0.00%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EXPORT DEVELOPMNT CANADA                                                   | Export Development Canada                                                        | CUSIP: 30216BJW3<br>LEI: Z6MHCSLXHKYG4B6PHW02 | Long             | DBT              | NUSS              | CA        |   2310000 | PA      | $2306188.25   | 0.05%             | 2028-02-14      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ANALOG DEVICES INC                                                         | Analog Devices Inc                                                               | CUSIP: 032654AU9<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |    245000 | PA      | $226320.35    | 0.01%             | 2028-10-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| SIXTH STREET SPECIALTY                                                     | Sixth Street Specialty Lending Inc                                               | CUSIP: 83012AAB5<br>LEI: 549300TX61566GJWCN05 | Long             | DBT              | CORP              | US        |    145000 | PA      | $152127.65    | 0.00%             | 2028-08-14      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                                            | Madison IAQ LLC                                                                  | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    325000 | PA      | $316877.44    | 0.01%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TREEHOUSE FOODS INC                                                        | TreeHouse Foods Inc                                                              | CUSIP: 89469AAD6<br>LEI: 5493007M7EVHE470Q576 | Long             | DBT              | CORP              | US        |    160000 | PA      | $147236.09    | 0.00%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                               | Comcast Corp                                                                     | CUSIP: 20030NED9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    380000 | PA      | $382501.00    | 0.01%             | 2029-01-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                   | Benchmark 2024-V5 Mortgage Trust                                                 | CUSIP: 08163XBB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $507203.39    | 0.01%             | 2057-01-10      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV                                                    | Fidelity National Information Services Inc                                       | CUSIP: 31620MBS4<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |    185000 | PA      | $172497.79    | 0.00%             | 2028-03-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                                                | Equinor ASA                                                                      | CUSIP: 29446MAK8<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |    210000 | PA      | $192163.21    | 0.00%             | 2030-05-22      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                             | Amazon.com Inc                                                                   | CUSIP: 023135BY1<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    665000 | PA      | $622764.96    | 0.01%             | 2028-05-12      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| POWER FINANCE CORP LTD                                                     | Power Finance Corp Ltd                                                           | CUSIP: 000000000<br>LEI: 3358003Q6D9LIJJZ1614 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $193180.49    | 0.00%             | 2029-09-16      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                               | Barclays PLC                                                                     | CUSIP: 06738ECJ2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    445000 | PA      | $453827.55    | 0.01%             | 2027-09-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KOREA NATIONAL OIL CORP                                                    | Korea National Oil Corp                                                          | CUSIP: 000000000<br>LEI: 988400ZTQ08W926ONT36 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $198170.41    | 0.00%             | 2029-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COCA-COLA ICECEK AS                                                        | Coca-Cola Icecek AS                                                              | CUSIP: 000000000<br>LEI: 789000WT80VVLUWJDK41 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $195397.79    | 0.00%             | 2029-01-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP                                                      | Encompass Health Corp                                                            | CUSIP: 29261AAA8<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    265000 | PA      | $261007.24    | 0.01%             | 2028-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                     | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822CL6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    480000 | PA      | $484559.04    | 0.01%             | 2028-07-20      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                         | Meta Platforms Inc                                                               | CUSIP: 30303M8S4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    325000 | PA      | $326307.87    | 0.01%             | 2029-08-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                                                | PepsiCo Inc                                                                      | CUSIP: 713448FX1<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    255000 | PA      | $257632.69    | 0.01%             | 2029-07-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                                     | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    400000 | PA      | $388702.07    | 0.01%             | 2030-02-23      | Fixed         | 7.14%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                     | American Honda Finance Corp                                                      | CUSIP: 02665WEV9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    160000 | PA      | $165536.03    | 0.00%             | 2028-11-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds                                 | Philippines Government International Bonds                                       | CUSIP: 718286AY3<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    600000 | PA      | $723038.40    | 0.02%             | 2030-02-02      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD/RWLV CAP                                                     | Resorts World Las Vegas LLC / RWLV Capital Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $355448.02    | 0.01%             | 2029-04-16      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                     | Verizon Communications Inc                                                       | CUSIP: 92343VES9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    396000 | PA      | $389786.04    | 0.01%             | 2029-02-08      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                                                    | Corebridge Global Funding                                                        | CUSIP: 00138CBF4<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200903.40    | 0.00%             | 2030-06-06      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| MDC HOLDINGS INC                                                           | MDC Holdings Inc                                                                 | CUSIP: 552676AT5<br>LEI: 5299005FV4VNV75R8R35 | Long             | DBT              | CORP              | US        |     80000 | PA      | $76054.83     | 0.00%             | 2030-01-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Patterson-UTI Energy Inc                                                   | Patterson-UTI Energy Inc                                                         | CUSIP: 703481AB7<br>LEI: 254900XGFBKIXD6G0697 | Long             | DBT              | CORP              | US        |    190000 | PA      | $183896.70    | 0.00%             | 2028-02-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PDF0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    600000 | PA      | $601913.97    | 0.01%             | 2030-06-14      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| EMIRATES NBD BANK PJSC                                                     | Emirates NBD Bank PJSC                                                           | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $201316.90    | 0.00%             | 2030-01-22      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 31307ULW6<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     14930 | PA      | $14613.59     | 0.00%             | 2032-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                                                          | American Builders & Contractors Supply Co Inc                                    | CUSIP: 024747AF4<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121714.22    | 0.00%             | 2028-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Walmart Inc                                                                | Walmart Inc                                                                      | CUSIP: 931142EN9<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    240000 | PA      | $232733.75    | 0.01%             | 2029-07-08      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                        | Sirius XM Radio LLC                                                              | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    570000 | PA      | $542949.74    | 0.01%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GARTNER INC                                                                | Gartner Inc                                                                      | CUSIP: 366651AC1<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |    320000 | PA      | $315629.17    | 0.01%             | 2028-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SF HLDNG INVESTMENT 2021                                                   | SF Holding Investment 2021 Ltd                                                   | CUSIP: 000000000<br>LEI: 655600V9A105VPU0VS17 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $194647.67    | 0.00%             | 2026-11-17      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| PAYSAFE FIN PLC/PAYSAFE                                                    | Paysafe Finance PLC / Paysafe Holdings US Corp                                   | CUSIP: 70452AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    115000 | PA      | $105190.64    | 0.00%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDUSTRIAL BANK/HK                                                         | Industrial Bank Co Ltd/Hong Kong                                                 | CUSIP: 000000000<br>LEI: 3003007Y03W5HH1MXR96 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $199960.51    | 0.00%             | 2027-08-14      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| ATLAS WAREHOUSE LEND                                                       | Atlas Warehouse Lending Co LP                                                    | CUSIP: 049463AE2<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252223.67    | 0.01%             | 2030-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                                           | Arches Buyer Inc                                                                 | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |    160000 | PA      | $152825.51    | 0.00%             | 2028-12-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                                                    | KeyCorp                                                                          | CUSIP: 49326EEQ2<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202100.61    | 0.00%             | 2031-04-04      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| CONSTELLATION INSURC INC                                                   | Constellation Insurance Inc                                                      | CUSIP: 67740QAH9<br>LEI: 549300K609B872PZT291 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24633.09     | 0.00%             | 2030-01-24      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| NEWMARK GROUP INC                                                          | Newmark Group Inc                                                                | CUSIP: 65158NAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $169843.47    | 0.00%             | 2029-01-12      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp                                                       | Westpac Banking Corp                                                             | CUSIP: 961214DW0<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    335000 | PA      | $329120.86    | 0.01%             | 2028-01-25      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EVB2<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48878.63     | 0.00%             | 2026-09-14      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                      | Athene Global Funding                                                            | CUSIP: 04685A4C2<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198925.75    | 0.00%             | 2029-10-08      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| OPTION CARE HEALTH INC                                                     | Option Care Health Inc                                                           | CUSIP: 68404LAA0<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | DBT              | CORP              | US        |    150000 | PA      | $143360.82    | 0.00%             | 2029-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Brown & Brown Inc                                                          | Brown & Brown Inc                                                                | CUSIP: 115236AB7<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99497.24     | 0.00%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66 CO                                                             | Phillips 66 Co                                                                   | CUSIP: 718547AT9<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252630.39    | 0.01%             | 2027-12-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                             | NRG Energy Inc                                                                   | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    240000 | PA      | $239654.99    | 0.01%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                                            | Cigna Group/The                                                                  | CUSIP: 125523AZ3<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34011.33     | 0.00%             | 2027-10-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3133L8T39<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3945150 | PA      | $3589703.67   | 0.08%             | 2036-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                                     | Match Group Holdings II LLC                                                      | CUSIP: 57665RAJ5<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    105000 | PA      | $104604.48    | 0.00%             | 2029-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ACM7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    260000 | PA      | $263537.29    | 0.01%             | 2026-09-21      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                  | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F050486<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    178000 | PA      | $178478.97    | 0.00%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                                                      | Indonesia Government International Bond                                          | CUSIP: 455780DM5<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    300000 | PA      | $299998.22    | 0.01%             | 2027-09-20      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| LONGFOR HOLDINGS LTD                                                       | Longfor Group Holdings Ltd                                                       | CUSIP: 000000000<br>LEI: 254900UJX27B2F1JYR13 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $180010.96    | 0.00%             | 2028-01-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BAYER CORP/NJ                                                              | Bayer Corp/NJ                                                                    | CUSIP: 072732AC4<br>LEI: 54930050NR9YMICYZM28 | Long             | DBT              | CORP              | US        |    140000 | PA      | $145793.64    | 0.00%             | 2028-02-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CLK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8804000 | PA      | $8705642.86   | 0.20%             | 2029-08-31      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| LCPR SR SECURED FIN DAC                                                    | LCPR Senior Secured Financing DAC                                                | CUSIP: 50201DAA1<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |    390000 | PA      | $299115.30    | 0.01%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SHELL FINANCE US INC                                                       | Shell Finance US Inc                                                             | CUSIP: 822905AF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $277628.45    | 0.01%             | 2029-11-07      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BK AUSTR NY                                                   | Commonwealth Bank of Australia/New York NY                                       | CUSIP: 20271RAV2<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |    250000 | PA      | $251299.84    | 0.01%             | 2028-03-14      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                                    | Inter-American Development Bank                                                  | CUSIP: 4581X0DQ8<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    150000 | PA      | $139839.31    | 0.00%             | 2027-09-16      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                                                   | International Business Machines Corp                                             | CUSIP: 459200KX8<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    435000 | PA      | $436930.90    | 0.01%             | 2028-02-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                                     | Mizuho Financial Group Inc                                                       | CUSIP: 60687YDL0<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $399241.29    | 0.01%             | 2031-07-08      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                                                             | Solventum Corp                                                                   | CUSIP: 83444MAN1<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    220000 | PA      | $223421.21    | 0.01%             | 2027-02-25      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                     | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607LNG4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    335000 | PA      | $340551.09    | 0.01%             | 2028-04-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ACT2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    130000 | PA      | $131030.43    | 0.00%             | 2027-01-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                                       | Keurig Dr Pepper Inc                                                             | CUSIP: 49271VAJ9<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    200000 | PA      | $187765.61    | 0.00%             | 2030-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                   | EQT Corp                                                                         | CUSIP: 26884LAW9<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    232000 | PA      | $229322.36    | 0.01%             | 2029-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                               | Broadcom Inc                                                                     | CUSIP: 11135FCF6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255293.42    | 0.01%             | 2030-04-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc                                                          | Iron Mountain Inc                                                                | CUSIP: 46284VAE1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    240000 | PA      | $238779.43    | 0.01%             | 2028-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                                                    | Honeywell International Inc                                                      | CUSIP: 438516BL9<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    167000 | PA      | $163268.35    | 0.00%             | 2026-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC                                                        | Silgan Holdings Inc                                                              | CUSIP: 827048AW9<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |    190000 | PA      | $184541.53    | 0.00%             | 2028-02-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                                              | CommScope LLC                                                                    | CUSIP: 20338QAA1<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    295000 | PA      | $295157.58    | 0.01%             | 2027-03-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| HERTZ CORP/THE                                                             | Hertz Corp/The                                                                   | CUSIP: 428040DB2<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    300000 | PA      | $211450.84    | 0.00%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CGC9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19760000 | PA      | $19747650.00  | 0.45%             | 2027-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                    | BPCE SA                                                                          | CUSIP: 05571AAV7<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    285000 | PA      | $293039.60    | 0.01%             | 2030-01-18      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| TUTOR PERINI CORP                                                          | Tutor Perini Corp                                                                | CUSIP: 901109AG3<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | DBT              | CORP              | US        |     80000 | PA      | $89879.94     | 0.00%             | 2029-04-30      | Fixed         | 11.88%                | No            |                  2 | On Loan: No      |
| BANK OZK                                                                   | Bank OZK                                                                         | CUSIP: 06417NA94<br>LEI: 549300VYK2WBD7SST478 | Long             | DBT              | CORP              | US        |    135000 | PA      | $121887.20    | 0.00%             | 2031-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3133L8KR5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5498218 | PA      | $4995801.75   | 0.11%             | 2036-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SONOCO PRODUCTS CO                                                         | Sonoco Products Co                                                               | CUSIP: 835495AL6<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |    150000 | PA      | $139497.53    | 0.00%             | 2030-05-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| HARLEY-DAVIDSON FINL SER                                                   | Harley-Davidson Financial Services Inc                                           | CUSIP: 41283LBB0<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |    135000 | PA      | $137677.79    | 0.00%             | 2029-06-11      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CSX Corp                                                                   | CSX Corp                                                                         | CUSIP: 126408HM8<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    225000 | PA      | $224185.51    | 0.01%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| KFW                                                                        | Kreditanstalt fuer Wiederaufbau                                                  | CUSIP: 500769KC7<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |   2457000 | PA      | $2462424.15   | 0.06%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DOMTAR CORP                                                                | Domtar Corp                                                                      | CUSIP: 70478JAA2<br>LEI: XYSIJOU3HNVROZWNA008 | Long             | DBT              | CORP              | US        |    210000 | PA      | $182899.28    | 0.00%             | 2028-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                      | Mexico Government International Bonds                                            | CUSIP: 91087BBB5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    600000 | PA      | $620208.22    | 0.01%             | 2030-05-13      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NFE FINANCING LLC                                                          | NFE Financing LLC                                                                | CUSIP: 62909BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    945713 | PA      | $333665.40    | 0.01%             | 2029-11-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                                     | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    600000 | PA      | $605375.36    | 0.01%             | 2027-01-25      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| QUEST DIAGNOSTICS INC                                                      | Quest Diagnostics Inc                                                            | CUSIP: 74834LBE9<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90389.32     | 0.00%             | 2027-12-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                                   | Enterprise Products Operating LLC                                                | CUSIP: 29379VBL6<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198809.64    | 0.00%             | 2027-02-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| OXFORD FIN LLC/CO-ISS II                                                   | Oxford Finance LLC / Oxford Finance Co-Issuer II Inc                             | CUSIP: 69145LAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $134922.37    | 0.00%             | 2027-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BRF SA                                                                     | BRF SA                                                                           | CUSIP: 000000000<br>LEI: 254900MTXR9LUVQFU480 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $191571.62    | 0.00%             | 2030-01-24      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CCW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19500000 | PA      | $18800742.29  | 0.42%             | 2026-08-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                                   | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAE6<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    245000 | PA      | $256784.87    | 0.01%             | 2028-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ACD7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    292000 | PA      | $299109.38    | 0.01%             | 2028-03-30      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                             | Home Depot Inc/The                                                               | CUSIP: 437076CB6<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    440000 | PA      | $409260.57    | 0.01%             | 2030-04-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY GROUP                                                       | Ryan Specialty LLC                                                               | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    120000 | PA      | $115145.64    | 0.00%             | 2030-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent                                                      | American Homes 4 Rent LP                                                         | CUSIP: 02666TAA5<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |    170000 | PA      | $168540.61    | 0.00%             | 2028-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                                   | Univision Communications Inc                                                     | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    390000 | PA      | $400760.24    | 0.01%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MRT MID PART/MRT MID FIN                                                   | Martin Midstream Partners LP / Martin Midstream Finance Corp                     | CUSIP: 573334AK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $137629.83    | 0.00%             | 2028-02-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| TEGNA INC                                                                  | TEGNA Inc                                                                        | CUSIP: 87901JAH8<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |    300000 | PA      | $288378.27    | 0.01%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                                | Citibank NA                                                                      | CUSIP: 17325FBJ6<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    265000 | PA      | $266273.00    | 0.01%             | 2026-08-06      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                                                | Ivory Coast Government International Bond                                        | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    200000 | PA      | $200768.48    | 0.00%             | 2028-03-03      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| OTP BANK NYRT                                                              | OTP Bank Nyrt                                                                    | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | DBT              | CORP              | HU        |    200000 | PA      | $214829.09    | 0.00%             | 2033-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                           | GGAM Finance Ltd                                                                 | CUSIP: 36170JAA4<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $211351.07    | 0.00%             | 2028-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KOREA NATIONAL OIL CORP                                                    | Korea National Oil Corp                                                          | CUSIP: 000000000<br>LEI: 988400ZTQ08W926ONT36 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $201212.49    | 0.00%             | 2027-04-03      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140J8EY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    230999 | PA      | $225689.36    | 0.01%             | 2033-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ABB FINANCE USA INC                                                        | ABB Finance USA Inc                                                              | CUSIP: 00037BAF9<br>LEI: 5493002Y01YAFV45F528 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34926.70     | 0.00%             | 2028-04-03      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| MASSMUTUAL GLOBAL FUNDIN                                                   | MassMutual Global Funding II                                                     | CUSIP: 57629TBV8<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203134.54    | 0.00%             | 2030-01-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                         | Energy Transfer LP                                                               | CUSIP: 29278NAN3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    184000 | PA      | $186615.65    | 0.00%             | 2027-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BONOS BANCO CENT ARGENT                                                    | Bonos Para La Reconstruccion De Una Argentina Libre                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |    320000 | PA      | $314704.76    | 0.01%             | 2027-10-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                                   | Rogers Communications Inc                                                        | CUSIP: 775109CG4<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    515000 | PA      | $504348.59    | 0.01%             | 2027-03-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Regency Centers LP                                                         | Regency Centers LP                                                               | CUSIP: 75884RAX1<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |    340000 | PA      | $337611.11    | 0.01%             | 2028-03-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                                           | NTT Finance Corp                                                                 | CUSIP: 62954WAM7<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $203276.69    | 0.00%             | 2029-07-02      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| LG CHEM LTD                                                                | LG Chem Ltd                                                                      | CUSIP: 000000000<br>LEI: 988400IES4EIG7O06940 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $193962.83    | 0.00%             | 2026-07-07      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                                           | NTT Finance Corp                                                                 | CUSIP: 62954WAP0<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    255000 | PA      | $255271.00    | 0.01%             | 2027-07-16      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Tapestry Inc                                                               | Tapestry Inc                                                                     | CUSIP: 189754AC8<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |     32000 | PA      | $31748.82     | 0.00%             | 2027-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| WEST TECHNOLOGY GRP LLC                                                    | West Technology Group LLC                                                        | CUSIP: 956187AA6<br>LEI: 5493005Z5DB0O5S30R71 | Long             | DBT              | CORP              | US        |    149000 | PA      | $41657.42     | 0.00%             | 2027-04-10      | Fixed         | 8.50%                 | No            |                  3 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                                    | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              |  | US        |    435000 | PA      | $399053.25    | 0.01%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOC AVIATION USA CORP                                                      | BOC Aviation USA Corp                                                            | CUSIP: 000000000<br>LEI: 254900QKLTY6MF4Y3P65 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203117.70    | 0.00%             | 2029-01-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PDW3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    685000 | PA      | $697416.04    | 0.02%             | 2027-10-22      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| Cenovus Energy Inc                                                         | Cenovus Energy Inc                                                               | CUSIP: 15135UAM1<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $238508.44    | 0.01%             | 2027-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FORTIS INC                                                                 | Fortis Inc/Canada                                                                | CUSIP: 349553AM9<br>LEI: 549300MQYQ9Y065XPR71 | Long             | DBT              | CORP              | CA        |    367000 | PA      | $359931.56    | 0.01%             | 2026-10-04      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                                                   | Intercontinental Exchange Inc                                                    | CUSIP: 45866FAK0<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    350000 | PA      | $313751.57    | 0.01%             | 2030-06-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| KSA SUKUK LTD                                                              | KSA Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 635400XBJFPNCGN9CK71 | Long             | DBT              | NUSS              | KY        |    800000 | PA      | $753922.67    | 0.02%             | 2029-10-29      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC                                                       | Waste Management Inc                                                             | CUSIP: 94106LBQ1<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    145000 | PA      | $133522.64    | 0.00%             | 2029-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                                              | FirstCash Inc                                                                    | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    175000 | PA      | $171168.33    | 0.00%             | 2028-09-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| INNOVATE Corp                                                              | INNOVATE Corp                                                                    | CUSIP: 404139AJ6<br>LEI: 549300S6O246JWQQ1K58 | Long             | DBT              | CORP              | US        |     17000 | PA      | $14906.53     | 0.00%             | 2026-02-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CCCI TREASURE LTD                                                          | CCCI Treasure Ltd                                                                | CUSIP: 000000000<br>LEI: 222100QYJA4A1WYR6697 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $196173.48    | 0.00%             | 2026-11-21      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP                                                            | Nordea Bank Abp                                                                  | CUSIP: 65559CAE1<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |    360000 | PA      | $348119.18    | 0.01%             | 2026-09-30      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Republic Services Inc                                                      | Republic Services Inc                                                            | CUSIP: 760759AT7<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    275000 | PA      | $272798.91    | 0.01%             | 2028-05-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| MDGH GMTN RSC LTD                                                          | MDGH GMTN RSC Ltd                                                                | CUSIP: 000000000<br>LEI: 213800WRY6FRL9IXLT77 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $186388.08    | 0.00%             | 2030-05-21      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING                                                   | Met Tower Global Funding                                                         | CUSIP: 58989V2K9<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151615.16    | 0.00%             | 2028-01-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS                                                   | First Abu Dhabi Bank PJSC                                                        | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $200750.53    | 0.00%             | 2030-01-22      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                                                      | Amrize Finance US LLC                                                            | CUSIP: 43475RAA4<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200046.86    | 0.00%             | 2027-04-07      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| NBN CO LTD                                                                 | NBN Co Ltd                                                                       | CUSIP: 62878U2J0<br>LEI: 2549007CRZ2NT7S96A24 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $198095.40    | 0.00%             | 2029-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                                                       | Reworld Holding Corp                                                             | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    225000 | PA      | $214589.42    | 0.00%             | 2029-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CDG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18800000 | PA      | $18120703.17  | 0.41%             | 2026-10-31      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CEB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4664453.15   | 0.11%             | 2029-02-28      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                   | Benchmark 2024-V9 Mortgage Trust                                                 | CUSIP: 081919AN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $515188.59    | 0.01%             | 2057-08-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| AIA Group Ltd                                                              | AIA Group Ltd                                                                    | CUSIP: 00131LAH8<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | DBT              | CORP              | HK        |    300000 | PA      | $292265.91    | 0.01%             | 2029-04-09      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| QAZAQGAZ NC JSC                                                            | QazaqGaz NC JSC                                                                  | CUSIP: 000000000<br>LEI: 635400YGLXBBSVHONW39 | Long             | DBT              | CORP              | KZ        |    200000 | PA      | $196546.78    | 0.00%             | 2027-09-26      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| REVVITY INC                                                                | Revvity Inc                                                                      | CUSIP: 714046AM1<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |    160000 | PA      | $147404.35    | 0.00%             | 2028-09-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| TELESAT CANADA/TELESAT L                                                   | Telesat Canada / Telesat LLC                                                     | CUSIP: 87952VAR7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    175000 | PA      | $111528.10    | 0.00%             | 2026-12-06      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                                    | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BH4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    170000 | PA      | $169393.53    | 0.00%             | 2026-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                                                    | Corebridge Global Funding                                                        | CUSIP: 00138CBD9<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101034.79    | 0.00%             | 2028-01-07      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                       | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AK7<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    125000 | PA      | $117573.91    | 0.00%             | 2029-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| DEALER TIRE LLC/DT ISSR                                                    | Dealer Tire LLC / DT Issuer LLC                                                  | CUSIP: 24229JAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $171500.65    | 0.00%             | 2028-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX GRP HLD PLC                                                        | Phoenix Group Holdings PLC                                                       | CUSIP: 000000000<br>LEI: 2138001P49OLAEU33T68 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $198510.62    | 0.00%             | 2031-09-04      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                                         | Banco Santander SA                                                               | CUSIP: 05964HBB0<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    410000 | PA      | $421836.70    | 0.01%             | 2030-03-14      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                                     | Turkiye Government International Bonds                                           | CUSIP: 900123AL4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    400000 | PA      | $493301.62    | 0.01%             | 2030-01-15      | Fixed         | 11.88%                | No            |                  2 | On Loan: No      |
| SUNRISE HOLDCO IV BV                                                       | Sunrise HoldCo IV BV                                                             | CUSIP: 90320LAG2<br>LEI: 213800G1DU7LKI6ZCD69 | Long             | DBT              | CORP              | NL        |    150000 | PA      | $148901.87    | 0.00%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                        | Dominion Energy Inc                                                              | CUSIP: 25746UCY3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248668.98    | 0.01%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Diageo Capital PLC                                                         | Diageo Capital PLC                                                               | CUSIP: 25243YAZ2<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |    125000 | PA      | $123897.01    | 0.00%             | 2028-05-18      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                                   | RTX Corp                                                                         | CUSIP: 75513ECT6<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    415000 | PA      | $421161.90    | 0.01%             | 2026-11-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                                     | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $292640.12    | 0.01%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BAYPORT POLYMERS LLC                                                       | Bayport Polymers LLC                                                             | CUSIP: 073096AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $54810.35     | 0.00%             | 2027-04-14      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                                                   | Host Hotels & Resorts LP                                                         | CUSIP: 44107TAY2<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              |  | US        |     75000 | PA      | $70340.02     | 0.00%             | 2029-12-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| POWER FINANCE CORP LTD                                                     | Power Finance Corp Ltd                                                           | CUSIP: 73928RAA4<br>LEI: 3358003Q6D9LIJJZ1614 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $208440.50    | 0.00%             | 2028-12-06      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| APA CORP                                                                   | APA Corp                                                                         | CUSIP: 03743QAF5<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95637.50     | 0.00%             | 2030-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                                                      | Aon North America Inc                                                            | CUSIP: 03740MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $331800.63    | 0.01%             | 2029-03-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                   | Capital One Financial Corp                                                       | CUSIP: 14040HCV5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254858.36    | 0.01%             | 2030-07-26      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OSCAR ACQUISITIONCO LLC                                                    | Oscar AcquisitionCo LLC / Oscar Finance Inc                                      | CUSIP: 687785AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $137100.43    | 0.00%             | 2030-04-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                                          | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    100000 | PA      | $18483.78     | 0.00%             | 2029-05-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                        | Elevance Health Inc                                                              | CUSIP: 036752BG7<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135081.86    | 0.00%             | 2026-10-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DPL INC                                                                    | DPL Inc                                                                          | CUSIP: 233293AQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $122021.90    | 0.00%             | 2029-04-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                   | Florida Power & Light Co                                                         | CUSIP: 341081GP6<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151300.21    | 0.00%             | 2030-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CFJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  31950000 | PA      | $30996492.19  | 0.70%             | 2029-08-31      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                                              | AppLovin Corp                                                                    | CUSIP: 03831WAB4<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    305000 | PA      | $308506.83    | 0.01%             | 2029-12-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                                   | Penske Truck Leasing Co Lp / PTL Finance Corp                                    | CUSIP: 709599BN3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    271000 | PA      | $269943.65    | 0.01%             | 2027-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ONE GAS INC                                                                | ONE Gas Inc                                                                      | CUSIP: 68235PAH1<br>LEI: 549300HXDWI0LATTX840 | Long             | DBT              | CORP              | US        |     90000 | PA      | $80458.62     | 0.00%             | 2030-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Norfolk Southern Corp                                                      | Norfolk Southern Corp                                                            | CUSIP: 655844BZ0<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    249000 | PA      | $245413.70    | 0.01%             | 2028-08-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                      | Athene Global Funding                                                            | CUSIP: 04685A2K6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78324.73     | 0.00%             | 2026-11-12      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                                               | Stryker Corp                                                                     | CUSIP: 863667BC4<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    160000 | PA      | $162625.38    | 0.00%             | 2028-12-08      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL BDC                                                          | Golub Capital BDC Inc                                                            | CUSIP: 38173MAC6<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |    120000 | PA      | $114478.96    | 0.00%             | 2027-02-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140XD3V6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1750126 | PA      | $1593678.21   | 0.04%             | 2036-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC                                                        | AssuredPartners Inc                                                              | CUSIP: 04624VAB5<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174596.76    | 0.00%             | 2029-01-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                                           | Welltower OP LLC                                                                 | CUSIP: 95040QAN4<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |     85000 | PA      | $78640.00     | 0.00%             | 2029-01-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL FINANCIAL                                                    | Fidelity National Financial Inc                                                  | CUSIP: 31620RAH8<br>LEI: 549300CAZYIH39SYQ287 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119402.57    | 0.00%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                                                    | Nationwide Building Society                                                      | CUSIP: 63861VAK3<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    215000 | PA      | $219579.45    | 0.00%             | 2029-07-29      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ITHACA ENERGY NORTH                                                        | Ithaca Energy North Sea PLC                                                      | CUSIP: 46567TAC8<br>LEI: 213800BMMUN3AKWBIO91 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $206801.05    | 0.00%             | 2029-10-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| CDP FINANCIAL INC                                                          | CDP Financial Inc                                                                | CUSIP: 125094BG6<br>LEI: 549300OXMGVYFCBFV096 | Long             | DBT              | NUSS              | CA        |    570000 | PA      | $584668.44    | 0.01%             | 2029-06-05      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MDGH GMTN RSC LTD                                                          | MDGH GMTN RSC Ltd                                                                | CUSIP: 000000000<br>LEI: 213800WRY6FRL9IXLT77 | Long             | DBT              | CORP              | AE        |    400000 | PA      | $375352.02    | 0.01%             | 2029-11-07      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CORELOGIC INC                                                              | CoreLogic Inc                                                                    | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |    235000 | PA      | $221476.67    | 0.00%             | 2028-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                        | Fifth Third Bancorp                                                              | CUSIP: 316773DK3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    345000 | PA      | $362645.68    | 0.01%             | 2029-07-27      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| MASSMUTUAL GLOBAL FUNDIN                                                   | MassMutual Global Funding II                                                     | CUSIP: 57629WDL1<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |    430000 | PA      | $436737.66    | 0.01%             | 2027-12-07      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| FRONTIER FLORIDA LLC                                                       | Frontier Florida LLC                                                             | CUSIP: 362333AH9<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104212.49    | 0.00%             | 2028-02-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                               | Novelis Corp                                                                     | CUSIP: 670001AG1<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    265000 | PA      | $260717.78    | 0.01%             | 2026-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PACCAR FINANCIAL CORP                                                      | PACCAR Financial Corp                                                            | CUSIP: 69371RS56<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45340.54     | 0.00%             | 2026-08-10      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MISC CAPITAL TWO LABUAN                                                    | MISC Capital Two Labuan Ltd                                                      | CUSIP: 000000000<br>LEI: 9845000ED8376T875113 | Long             | DBT              | CORP              | MY        |    200000 | PA      | $196860.01    | 0.00%             | 2027-04-06      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP                                                     | Regions Financial Corp                                                           | CUSIP: 7591EPAU4<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |    165000 | PA      | $170435.17    | 0.00%             | 2030-06-06      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Voya Financial Inc                                                         | Voya Financial Inc                                                               | CUSIP: 929089AF7<br>LEI: 549300T065Z4KJ686G75 | Long             | DBT              | CORP              | US        |     70000 | PA      | $66951.27     | 0.00%             | 2048-01-23      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CIBANCO SA/PLA ADMIN                                                       | Cibanco SA Ibm / PLA Administradora Industrial S de RL de CV                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              |  | MX        |    200000 | PA      | $193770.29    | 0.00%             | 2029-07-18      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Nordstrom Inc                                                              | Nordstrom Inc                                                                    | CUSIP: 655664AS9<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    145000 | PA      | $141622.88    | 0.00%             | 2027-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                       | Bank of America Corp                                                             | CUSIP: 06051GGF0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    757000 | PA      | $748772.22    | 0.02%             | 2028-01-20      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| Norfolk Southern Corp                                                      | Norfolk Southern Corp                                                            | CUSIP: 655844AJ7<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |     85000 | PA      | $89959.74     | 0.00%             | 2027-05-15      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC                                                    | Consolidated Edison Co of New York Inc                                           | CUSIP: 209111FM0<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    160000 | PA      | $155919.97    | 0.00%             | 2027-11-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                                    | American Electric Power Co Inc                                                   | CUSIP: 025537AV3<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    495000 | PA      | $507951.64    | 0.01%             | 2027-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CFM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9000000 | PA      | $9037265.67   | 0.20%             | 2027-09-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                                       | Westpac Banking Corp                                                             | CUSIP: 961214FK4<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    392000 | PA      | $402223.03    | 0.01%             | 2027-11-18      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| TAKEDA PHARMACEUTICAL                                                      | Takeda Pharmaceutical Co Ltd                                                     | CUSIP: 874060AX4<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |    700000 | PA      | $625498.80    | 0.01%             | 2030-03-31      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                                                         | CP Atlas Buyer Inc                                                               | CUSIP: 12597YAD1<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |    150000 | PA      | $142434.27    | 0.00%             | 2031-01-15      | Fixed         | 12.75%                | No            |                  2 | On Loan: —       |
| TARGET CORP                                                                | Target Corp                                                                      | CUSIP: 87612EBM7<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |    425000 | PA      | $411677.58    | 0.01%             | 2027-01-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                     | Philip Morris International Inc                                                  | CUSIP: 718172DM8<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    180000 | PA      | $180149.54    | 0.00%             | 2027-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                     | Pacific Gas and Electric Co                                                      | CUSIP: 694308KL0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    305000 | PA      | $315249.03    | 0.01%             | 2029-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CAL5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17100000 | PA      | $15854906.25  | 0.36%             | 2027-09-30      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                                                     | Commonwealth Bank of Australia                                                   | CUSIP: 2027A0JT7<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |    190000 | PA      | $185807.27    | 0.00%             | 2027-09-19      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| BLACK HILLS CORP                                                           | Black Hills Corp                                                                 | CUSIP: 092113AV1<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |    215000 | PA      | $222197.15    | 0.01%             | 2028-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                 | Fiserv Inc                                                                       | CUSIP: 337738BD9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    290000 | PA      | $296345.09    | 0.01%             | 2028-03-02      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                   | Caterpillar Financial Services Corp                                              | CUSIP: 14913UAN0<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135355.25    | 0.00%             | 2026-10-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                     | PNC Financial Services Group Inc/The                                             | CUSIP: 693475BT1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    390000 | PA      | $399240.91    | 0.01%             | 2027-10-20      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SASOL Financing USA LLC                                                    | Sasol Financing USA LLC                                                          | CUSIP: 80386WAB1<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192627.13    | 0.00%             | 2028-09-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                      | Wells Fargo & Co                                                                 | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1348728.91   | 0.03%             | 2029-07-25      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| CHRISTUS HEALTH                                                            | CHRISTUS Health                                                                  | CUSIP: 17108JAA1<br>LEI: OQUVMAC1TV7BMO6XVW61 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99431.98     | 0.00%             | 2028-07-01      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 9128284N7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $24335937.50  | 0.55%             | 2028-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                                                      | Keysight Technologies Inc                                                        | CUSIP: 49338LAE3<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |    210000 | PA      | $210317.59    | 0.00%             | 2027-04-06      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 31418CCM4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    660111 | PA      | $631513.64    | 0.01%             | 2031-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                       | Bank of America Corp                                                             | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1845000 | PA      | $1801763.50   | 0.04%             | 2028-12-20      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                             | Morgan Stanley                                                                   | CUSIP: 61747YFZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    990000 | PA      | $1011176.42   | 0.02%             | 2031-04-17      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| KOMMUNEKREDIT                                                              | Kommunekredit                                                                    | CUSIP: 000000000<br>LEI: 529900D8QLTZ6PRLJL76 | Long             | DBT              | NUSS              | DK        |    400000 | PA      | $397169.97    | 0.01%             | 2028-05-24      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| RR DONNELLEY & SONS CO                                                     | RR Donnelley & Sons Co                                                           | CUSIP: 257867BK6<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    130000 | PA      | $126726.60    | 0.00%             | 2029-08-01      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| AVALONBAY COMMUNITIES                                                      | AvalonBay Communities Inc                                                        | CUSIP: 05348EBC2<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146023.83    | 0.00%             | 2028-01-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                      | Wells Fargo Commercial Mortgage Trust 2025-5C3                                   | CUSIP: 95004JAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $524067.14    | 0.01%             | 2058-01-15      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| VENTAS REALTY LP                                                           | Ventas Realty LP                                                                 | CUSIP: 92277GAU1<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              |  | US        |    150000 | PA      | $140296.41    | 0.00%             | 2030-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                                            | Sealed Air Corp                                                                  | CUSIP: 81211KAY6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    132000 | PA      | $128181.34    | 0.00%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132CWYW8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    158988 | PA      | $154965.56    | 0.00%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                                        | Oman Government International Bonds                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    400000 | PA      | $417520.94    | 0.01%             | 2027-10-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132CWXR0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3655996 | PA      | $3324094.86   | 0.08%             | 2037-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                               | UBS Group AG                                                                     | CUSIP: 225401AV0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    545000 | PA      | $564156.61    | 0.01%             | 2028-08-11      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                                                      | Bath & Body Works Inc                                                            | CUSIP: 501797AN4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    142000 | PA      | $142283.72    | 0.00%             | 2028-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                                                    | Procter & Gamble Co/The                                                          | CUSIP: 742718FH7<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    400000 | PA      | $379647.96    | 0.01%             | 2030-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                                                     | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $157491.85    | 0.00%             | 2030-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TLB9<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    170000 | PA      | $174863.42    | 0.00%             | 2028-09-11      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO                                                   | Virginia Electric and Power Co                                                   | CUSIP: 927804FV1<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49057.17     | 0.00%             | 2026-11-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| CANACOL ENERGY LTD                                                         | Canacol Energy Ltd                                                               | CUSIP: 000000000<br>LEI: 549300X5MNRWPMSM9N14 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $60660.19     | 0.00%             | 2028-11-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                       | Bank of America Corp                                                             | CUSIP: 06051GHM4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    915000 | PA      | $910735.61    | 0.02%             | 2029-07-23      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                                                   | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $229953.98    | 0.01%             | 2027-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO                                                   | Virginia Electric and Power Co                                                   | CUSIP: 927804FX7<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    275000 | PA      | $271687.34    | 0.01%             | 2027-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                  | ONEOK Inc                                                                        | CUSIP: 682680CL5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160294.68    | 0.00%             | 2026-07-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                  | Amgen Inc                                                                        | CUSIP: 031162CT5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    580000 | PA      | $561007.66    | 0.01%             | 2027-02-21      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                               | Broadcom Inc                                                                     | CUSIP: 11135FCA7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    240000 | PA      | $238652.04    | 0.01%             | 2028-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 059438AK7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    270000 | PA      | $286757.54    | 0.01%             | 2027-04-29      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| JACOBS ENGINEERING GROUP                                                   | Jacobs Engineering Group Inc                                                     | CUSIP: 469814AB3<br>LEI: 549300CZ8QS1GE53O776 | Long             | DBT              | CORP              | US        |    230000 | PA      | $240615.80    | 0.01%             | 2028-08-18      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| PROV ST JOSEPH HLTH OBL                                                    | Providence St Joseph Health Obligated Group                                      | CUSIP: 743820AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $184315.29    | 0.00%             | 2029-10-01      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                                                    | Global Partners LP / GLP Finance Corp                                            | CUSIP: 37954FAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $106386.73    | 0.00%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                                                     | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAD5<br>LEI: N/A                  | Long             | DBT              |  | US        |    165000 | PA      | $169081.90    | 0.00%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                     | UnitedHealth Group Inc                                                           | CUSIP: 91324PEU2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    395000 | PA      | $392501.74    | 0.01%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HKT Capital No 4 Ltd                                                       | HKT Capital No 4 Ltd                                                             | CUSIP: 000000000<br>LEI: 254900MLP05EG5KFTB45 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $196848.25    | 0.00%             | 2026-07-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                     | UnitedHealth Group Inc                                                           | CUSIP: 91324PDX7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    300000 | PA      | $267154.30    | 0.01%             | 2030-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE HOLDINGS FINA                                                   | Blackstone Holdings Finance Co LLC                                               | CUSIP: 09256BAJ6<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |    172000 | PA      | $167051.73    | 0.00%             | 2027-10-02      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138EPCS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5997 | PA      | $6100.71      | 0.00%             | 2044-12-01      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR                                                     | Blackstone Mortgage Trust Inc                                                    | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              |  | US        |    130000 | PA      | $137556.35    | 0.00%             | 2029-12-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| COLBUN SA                                                                  | Colbun SA                                                                        | CUSIP: 000000000<br>LEI: 5493003VQJLE2QB8IF36 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $197456.43    | 0.00%             | 2027-10-11      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| NESTLE HOLDINGS INC                                                        | Nestle Holdings Inc                                                              | CUSIP: 641062BG8<br>LEI: 549300EAEU8YV8MQXP30 | Long             | DBT              | CORP              | US        |    165000 | PA      | $168662.22    | 0.00%             | 2030-03-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                                                               | AutoZone Inc                                                                     | CUSIP: 053332BC5<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    265000 | PA      | $265817.26    | 0.01%             | 2028-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                             | Home Depot Inc/The                                                               | CUSIP: 437076CV2<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    255000 | PA      | $256925.78    | 0.01%             | 2026-09-30      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Abu Dhabi Government International Bonds                                   | Abu Dhabi Government International Bonds                                         | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |   1400000 | PA      | $1370204.65   | 0.03%             | 2027-10-11      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TDR3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    145000 | PA      | $142765.36    | 0.00%             | 2027-01-11      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                                  | IQVIA Inc                                                                        | CUSIP: 46266TAF5<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    380000 | PA      | $397438.59    | 0.01%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHOBANI HOLDCO II LLC                                                      | Chobani Holdco II LLC                                                            | CUSIP: 169918AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    208391 | PA      | $223997.01    | 0.01%             | 2029-10-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397G72<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251919.30    | 0.01%             | 2028-03-20      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV                                                    | Fidelity National Information Services Inc                                       | CUSIP: 31620MBJ4<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |    120000 | PA      | $116463.03    | 0.00%             | 2029-05-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NESTLE HOLDINGS INC                                                        | Nestle Holdings Inc                                                              | CUSIP: 641062BF0<br>LEI: 549300EAEU8YV8MQXP30 | Long             | DBT              | CORP              | US        |    205000 | PA      | $208994.95    | 0.00%             | 2028-03-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHINA EVERBRIGHT BANK/HK                                                   | China Everbright Bank Co Ltd/Hong Kong                                           | CUSIP: 000000000<br>LEI: 549300WVNR4RWTGIV379 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $199905.73    | 0.00%             | 2027-05-14      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| CD&R SMOKEY / RADIO SYS                                                    | CD&R Smokey Buyer Inc / Radio Systems Corp                                       | CUSIP: 12515KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $187091.14    | 0.00%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| POLARIS INC                                                                | Polaris Inc                                                                      | CUSIP: 731068AA0<br>LEI: 549300QJSN8UVWN1EI78 | Long             | DBT              | CORP              | US        |    160000 | PA      | $168673.81    | 0.00%             | 2029-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| AL RAJHI SUKUK LTD                                                         | Al Rajhi Sukuk Ltd                                                               | CUSIP: 000000000<br>LEI: 549300FHETHK3XGY8N60 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $400263.08    | 0.01%             | 2028-04-05      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                                                   | Targa Resources Partners LP / Targa Resources Partners Finance Corp              | CUSIP: 87612BBG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $159806.79    | 0.00%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                     | Standard Chartered PLC                                                           | CUSIP: 853254BS8<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $594259.10    | 0.01%             | 2031-04-01      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                        | Southern California Edison Co                                                    | CUSIP: 842400HS5<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    345000 | PA      | $352648.62    | 0.01%             | 2027-11-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                                      | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAL6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $222202.45    | 0.01%             | 2028-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                                                     | Energizer Holdings Inc                                                           | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    200000 | PA      | $189672.27    | 0.00%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CJW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23882000 | PA      | $23954765.59  | 0.54%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MOODY'S CORPORATION                                                        | Moody's Corp                                                                     | CUSIP: 615369AP0<br>LEI: 549300GCEDD8YCF5WU84 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99639.42     | 0.00%             | 2029-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                        | American Express Co                                                              | CUSIP: 025816DV8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    380000 | PA      | $384397.68    | 0.01%             | 2028-07-26      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                                    | Inter-American Development Bank                                                  | CUSIP: 4581X0EF1<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    250000 | PA      | $245447.01    | 0.01%             | 2029-09-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                                   | LABL Inc                                                                         | CUSIP: 50168AAA8<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    185000 | PA      | $174403.85    | 0.00%             | 2027-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                     | Verizon Communications Inc                                                       | CUSIP: 92343VFE9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    445000 | PA      | $419652.48    | 0.01%             | 2030-03-22      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIAL LIFE                                                   | Equitable Financial Life Global Funding                                          | CUSIP: 29449WAR8<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |    180000 | PA      | $181536.25    | 0.00%             | 2027-11-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                                    | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAK7<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $413826.13    | 0.01%             | 2028-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                    | BPCE SA                                                                          | CUSIP: 05571AAT2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $252576.87    | 0.01%             | 2027-01-18      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Cargill Inc                                                                | Cargill Inc                                                                      | CUSIP: 141781BK9<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9621.66      | 0.00%             | 2029-05-23      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                              | DISH DBS Corp                                                                    | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    910000 | PA      | $855920.48    | 0.02%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| STRATHCONA RESOURCES                                                       | Strathcona Resources Ltd/Alberta                                                 | CUSIP: 86304TAA6<br>LEI: 549300YNIUISTSZMLF56 | Long             | DBT              | CORP              | CA        |    175000 | PA      | $175255.59    | 0.00%             | 2026-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                       | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    270000 | PA      | $270097.45    | 0.01%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INC                                                     | Gran Tierra Energy Inc                                                           | CUSIP: 000000000<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |    200000 | PA      | $166929.70    | 0.00%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL BANK OF DUBAI                                                   | Commercial Bank of Dubai PSC                                                     | CUSIP: 000000000<br>LEI: 2138002DQL2YD4S8HE87 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $199550.50    | 0.00%             | 2026-04-21      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CORP                                                          | Toyota Motor Corp                                                                | CUSIP: 892331AQ2<br>LEI: 5493006W3QUS5LMH6R84 | Long             | DBT              | CORP              | JP        |    205000 | PA      | $209913.38    | 0.00%             | 2028-07-13      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                                                                | KeyBank NA/Cleveland OH                                                          | CUSIP: 49327M3F9<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    430000 | PA      | $442039.66    | 0.01%             | 2027-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                                                      | Rio Tinto Finance USA PLC                                                        | CUSIP: 76720AAQ9<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    115000 | PA      | $115303.93    | 0.00%             | 2027-03-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| WESTPAC BANKING CORP                                                       | Westpac Banking Corp                                                             | CUSIP: 961214EW9<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    400000 | PA      | $371927.11    | 0.01%             | 2028-11-20      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| HONG KONG                                                                  | Hong Kong Government International Bond                                          | CUSIP: 43858AAG5<br>LEI: 549300DSMAD69T7GGN13 | Long             | DBT              | NUSS              | HK        |    600000 | PA      | $606361.54    | 0.01%             | 2028-01-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                                               | Comcast Corp                                                                     | CUSIP: 20030NBY6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    421000 | PA      | $414691.77    | 0.01%             | 2027-02-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| VICTORIA'S SECRET & CO                                                     | Victoria's Secret & Co                                                           | CUSIP: 926400AA0<br>LEI: 5493006T3O70U3UWVF17 | Long             | DBT              | CORP              | US        |    180000 | PA      | $167407.86    | 0.00%             | 2029-07-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| TRI POINTE HOMES INC                                                       | Tri Pointe Homes Inc                                                             | CUSIP: 87265HAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $101037.44    | 0.00%             | 2028-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                        | Citigroup Commercial Mortgage Trust 2019-C7                                      | CUSIP: 17328CAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $179800.44    | 0.00%             | 2072-12-15      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                     | American Honda Finance Corp                                                      | CUSIP: 02665WFD8<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150971.58    | 0.00%             | 2027-03-12      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| WARBA SUKUK LTD                                                            | Warba Sukuk Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300BY1IZV1E6BKJ60 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $203148.16    | 0.00%             | 2029-07-10      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                      | Athene Global Funding                                                            | CUSIP: 04685A2P5<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47838.98     | 0.00%             | 2027-08-20      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Digital Realty Trust LP                                                    | Digital Realty Trust LP                                                          | CUSIP: 25389JAT3<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              |  | US        |    100000 | PA      | $100087.19    | 0.00%             | 2028-07-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| University of California                                                   | UNIV OF CALIFORNIA CA REVENUES                                                   | CUSIP: 91412HGF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $570251.04    | 0.01%             | 2027-05-15      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                   | Lloyds Banking Group PLC                                                         | CUSIP: 53944YAS2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    405000 | PA      | $399540.89    | 0.01%             | 2028-03-18      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                                   | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $224742.63    | 0.01%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                          | HSBC Holdings PLC                                                                | CUSIP: 404280DG1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    820000 | PA      | $829667.40    | 0.02%             | 2028-08-11      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Novartis Capital Corp                                                      | Novartis Capital Corp                                                            | CUSIP: 66989HAN8<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    380000 | PA      | $373593.28    | 0.01%             | 2027-05-17      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                       | Mercedes-Benz Finance North America LLC                                          | CUSIP: 58769JAK3<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    290000 | PA      | $291744.67    | 0.01%             | 2026-08-03      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING                                                         | CNO Global Funding                                                               | CUSIP: 18977W2F6<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126068.74    | 0.00%             | 2029-09-09      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                   | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MBC8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    270000 | PA      | $278198.28    | 0.01%             | 2028-06-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MASSMUTUAL GLOBAL FUNDIN                                                   | MassMutual Global Funding II                                                     | CUSIP: 57629W4S6<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |    205000 | PA      | $207543.09    | 0.00%             | 2027-04-09      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                                                   | International Business Machines Corp                                             | CUSIP: 459200LF6<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    235000 | PA      | $236790.80    | 0.01%             | 2028-02-10      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BCPE ULYSSES INTERMEDIAT                                                   | BCPE Ulysses Intermediate Inc                                                    | CUSIP: 05553LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $114980.43    | 0.00%             | 2027-04-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MOTHERSON GLOBAL INVSTMT                                                   | Motherson Global Investments BV                                                  | CUSIP: 000000000<br>LEI: 549300IC3G64XN1ETG11 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $202338.69    | 0.00%             | 2029-07-11      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| DELHI INTL AIRPORT                                                         | Delhi International Airport Ltd                                                  | CUSIP: 000000000<br>LEI: 335800HBF5DARYMEUD12 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $201838.66    | 0.00%             | 2026-10-31      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| DOLLAR GENERAL CORP                                                        | Dollar General Corp                                                              | CUSIP: 256677AK1<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |    275000 | PA      | $275669.32    | 0.01%             | 2027-11-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140J8M34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    281130 | PA      | $271403.64    | 0.01%             | 2032-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RELX CAPITAL INC                                                           | RELX Capital Inc                                                                 | CUSIP: 74949LAF9<br>LEI: 2R15C3RTKJN1RCBOV146 | Long             | DBT              | CORP              | US        |    270000 | PA      | $273273.02    | 0.01%             | 2030-03-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KEDRION SPA                                                                | Kedrion SpA                                                                      | CUSIP: 49272YAB9<br>LEI: 81560047FA58E1BEDF67 | Long             | DBT              | CORP              | IT        |    250000 | PA      | $242303.96    | 0.01%             | 2029-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DAE FUNDING LLC                                                            | DAE Funding LLC                                                                  | CUSIP: 000000000<br>LEI: 635400SZTPQL3Y1P2C76 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192077.79    | 0.00%             | 2028-03-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRS LLC                                                   | Saks Global Enterprises LLC                                                      | CUSIP: 79380MAA3<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |    645000 | PA      | $149952.18    | 0.00%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                                           | Duke Energy Corp                                                                 | CUSIP: 26441CBH7<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    250000 | PA      | $226653.11    | 0.01%             | 2030-06-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                                     | Asian Development Bank                                                           | CUSIP: 045167FP3<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    825000 | PA      | $811274.66    | 0.02%             | 2027-08-20      | Fixed         | 3.13%                 | No            |                  2 | On Loan: —       |
| Amgen Inc                                                                  | Amgen Inc                                                                        | CUSIP: 031162CJ7<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    337000 | PA      | $330670.98    | 0.01%             | 2026-08-19      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| LD HOLDINGS GROUP LLC                                                      | LD Holdings Group LLC                                                            | CUSIP: 521088AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $124302.76    | 0.00%             | 2028-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                                        | Intesa Sanpaolo SpA                                                              | CUSIP: 46115HBD8<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    205000 | PA      | $200729.33    | 0.00%             | 2028-01-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                                           | Vital Energy Inc                                                                 | CUSIP: 516806AH9<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27304.41     | 0.00%             | 2029-07-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Mastercard Inc                                                             | Mastercard Inc                                                                   | CUSIP: 57636QAG9<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |     85000 | PA      | $83680.38     | 0.00%             | 2026-11-21      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                         | Energy Transfer LP                                                               | CUSIP: 292480AL4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126361.77    | 0.00%             | 2028-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132A9U21<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    327655 | PA      | $319069.50    | 0.01%             | 2033-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CMY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3646000 | PA      | $3631757.81   | 0.08%             | 2027-04-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                                                   | Northwestern Mutual Global Funding                                               | CUSIP: 66815L2U2<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152522.36    | 0.00%             | 2030-01-13      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                                    | Simon Property Group LP                                                          | CUSIP: 828807DP9<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              |  | US        |    289000 | PA      | $276693.60    | 0.01%             | 2027-01-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| BANCO DO BRASIL (CAYMAN)                                                   | Banco do Brasil SA/Cayman                                                        | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $197310.04    | 0.00%             | 2029-01-11      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Kite Realty Group LP                                                       | Kite Realty Group LP                                                             | CUSIP: 49803XAA1<br>LEI: 549300X6R2GYI8Y3OD81 | Long             | DBT              |  | US        |     70000 | PA      | $69334.21     | 0.00%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                         | Credit Agricole SA                                                               | CUSIP: 22535WAR8<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $508515.99    | 0.01%             | 2031-05-27      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PAF3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    767000 | PA      | $754808.64    | 0.02%             | 2028-05-01      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| CAMELOT RETURN MERGER SU                                                   | Camelot Return Merger Sub Inc                                                    | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $193101.39    | 0.00%             | 2028-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CKX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33148000 | PA      | $33541632.50  | 0.76%             | 2029-06-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Bahrain Government International Bonds                                     | Bahrain Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    400000 | PA      | $410109.21    | 0.01%             | 2029-09-20      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SINOPEC GRP DEV 2018                                                       | Sinopec Group Overseas Development 2018 Ltd                                      | CUSIP: 000000000<br>LEI: 549300C6OZZ8LTVR8209 | Long             | DBT              | CORP              | VG        |    400000 | PA      | $381321.89    | 0.01%             | 2029-11-12      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ONTARIO (PROVINCE OF)                                                      | Province of Ontario Canada                                                       | CUSIP: 683234AW8<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |    645000 | PA      | $635328.06    | 0.01%             | 2029-09-17      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                   | AT&T Inc                                                                         | CUSIP: 00206RMX7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    375000 | PA      | $377880.11    | 0.01%             | 2030-08-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 9128285M8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22000000 | PA      | $21479218.86  | 0.48%             | 2028-11-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| SPECIALTY BUILDING PRODU                                                   | Specialty Building Products Holdings LLC / SBP Finance Corp                      | CUSIP: 84749AAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $142023.09    | 0.00%             | 2029-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                | Oracle Corp                                                                      | CUSIP: 68389XCN3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    240000 | PA      | $240837.95    | 0.01%             | 2030-05-06      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING                                                   | Met Tower Global Funding                                                         | CUSIP: 58989V2D5<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |    335000 | PA      | $323468.04    | 0.01%             | 2026-09-14      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                       | Bank of America Corp                                                             | CUSIP: 06051GGA1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    315000 | PA      | $308469.03    | 0.01%             | 2027-10-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY FLORIDA LLC                                                    | Duke Energy Florida LLC                                                          | CUSIP: 26444HAH4<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |    210000 | PA      | $194526.27    | 0.00%             | 2029-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NGPL PipeCo LLC                                                            | NGPL PipeCo LLC                                                                  | CUSIP: 62912XAF1<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |    157000 | PA      | $156117.96    | 0.00%             | 2027-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| KBC GROUP NV                                                               | KBC Group NV                                                                     | CUSIP: 48241FAB0<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | DBT              | CORP              | BE        |    305000 | PA      | $313860.79    | 0.01%             | 2029-01-19      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                        | American Express Co                                                              | CUSIP: 025816CS6<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    565000 | PA      | $549821.67    | 0.01%             | 2027-03-04      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                                                    | Procter & Gamble Co/The                                                          | CUSIP: 742718FG9<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    335000 | PA      | $327981.61    | 0.01%             | 2027-03-25      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                                          | Johnson & Johnson                                                                | CUSIP: 478160CP7<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    415000 | PA      | $390221.03    | 0.01%             | 2027-09-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                                                          | Cisco Systems Inc                                                                | CUSIP: 17275RBR2<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    770000 | PA      | $785401.88    | 0.02%             | 2029-02-26      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ASTON MARTIN CAPITAL HOL                                                   | Aston Martin Capital Holdings Ltd                                                | CUSIP: 04625HAJ8<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |    310000 | PA      | $295527.21    | 0.01%             | 2029-03-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                      | Wells Fargo Commercial Mortgage Trust 2016-NXS5                                  | CUSIP: 95000CBB8<br>LEI: 549300SGFUCMB43V8P22 | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4964645.90   | 0.11%             | 2059-01-15      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| SIXTH STREET LENDING PAR                                                   | Sixth Street Lending Partners                                                    | CUSIP: 829932AB8<br>LEI: 549300S9P1HMDERGCR64 | Long             | DBT              | CORP              | US        |    205000 | PA      | $211254.38    | 0.00%             | 2029-03-11      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                        | Fifth Third Bancorp                                                              | CUSIP: 316773DD9<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    345000 | PA      | $332885.64    | 0.01%             | 2027-11-01      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                                                        | FS KKR Capital Corp                                                              | CUSIP: 302635AN7<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    130000 | PA      | $134177.08    | 0.00%             | 2029-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HORMEL FOODS CORP                                                          | Hormel Foods Corp                                                                | CUSIP: 440452AH3<br>LEI: MSD54751OJP1FS2ND863 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65285.58     | 0.00%             | 2028-06-03      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp                                                           | BAT Capital Corp                                                                 | CUSIP: 05526DBP9<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    337000 | PA      | $337734.07    | 0.01%             | 2027-04-02      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                   | Lloyds Banking Group PLC                                                         | CUSIP: 539439AQ2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    490000 | PA      | $478739.32    | 0.01%             | 2028-11-07      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                      | Wells Fargo & Co                                                                 | CUSIP: 95000U3G6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    850000 | PA      | $894325.92    | 0.02%             | 2029-10-23      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Nevada Power Co                                                            | Nevada Power Co                                                                  | CUSIP: 641423CC0<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |    185000 | PA      | $180150.59    | 0.00%             | 2029-05-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                           | BAT Capital Corp                                                                 | CUSIP: 05526DBR5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    635000 | PA      | $599722.68    | 0.01%             | 2028-03-25      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                                                | Southern Co/The                                                                  | CUSIP: 842587DD6<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    220000 | PA      | $222960.18    | 0.01%             | 2027-08-01      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| MAF GLOBAL SECURITIES                                                      | MAF Global Securities Ltd                                                        | CUSIP: 000000000<br>LEI: 54930037VUDNYTS17017 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $206289.28    | 0.00%             | 2027-06-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SONOCO PRODUCTS CO                                                         | Sonoco Products Co                                                               | CUSIP: 835495AQ5<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89823.86     | 0.00%             | 2026-09-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PBR6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    490000 | PA      | $470869.86    | 0.01%             | 2028-06-01      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD CT                                                         | UBS AG/Stamford CT                                                               | CUSIP: 90261AAD4<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |    400000 | PA      | $402351.57    | 0.01%             | 2028-01-10      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                                                     | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AM6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $175039.06    | 0.00%             | 2028-06-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                     | Santander Drive Auto Receivables Trust 2025-2                                    | CUSIP: 80287NAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $502791.36    | 0.01%             | 2031-05-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| ALBEMARLE CORP                                                             | Albemarle Corp                                                                   | CUSIP: 012653AD3<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | DBT              | CORP              | US        |    265000 | PA      | $263142.81    | 0.01%             | 2027-06-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| PERTAMINA HULU ENERGI PT                                                   | Pertamina Hulu Energi PT                                                         | CUSIP: 74449AAA9<br>LEI: 2549003IT1KDHL64C037 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $202712.17    | 0.00%             | 2030-05-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LSB INDUSTRIES                                                             | LSB Industries Inc                                                               | CUSIP: 502160AN4<br>LEI: 5493001H215A0HG0MI71 | Long             | DBT              | CORP              | US        |    151000 | PA      | $148521.73    | 0.00%             | 2028-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GRAND CANYON UNIVERSITY                                                    | Grand Canyon University                                                          | CUSIP: 38528UAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $120706.86    | 0.00%             | 2028-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                   | Avolon Holdings Funding Ltd                                                      | CUSIP: 05401AAV3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    310000 | PA      | $319203.47    | 0.01%             | 2029-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                       | Mercedes-Benz Finance North America LLC                                          | CUSIP: 58769JBA4<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152591.05    | 0.00%             | 2029-11-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| UNILEVER CAPITAL CORP                                                      | Unilever Capital Corp                                                            | CUSIP: 904764BS5<br>LEI: MYF1DAS6G5WY7PRWCU78 | Long             | DBT              | CORP              | US        |    285000 | PA      | $290281.58    | 0.01%             | 2028-09-08      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL ISSR TR                                                   | Midcap Financial Issuer Trust                                                    | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $302402.96    | 0.01%             | 2028-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDEX CORP                                                                 | FedEx Corp                                                                       | CUSIP: 31428XCJ3<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195534.21    | 0.00%             | 2030-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                                                   | Corebridge Financial Inc                                                         | CUSIP: 21871XAF6<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    400000 | PA      | $390483.92    | 0.01%             | 2029-04-05      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                                           | Ryder System Inc                                                                 | CUSIP: 78355HKP3<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    135000 | PA      | $131917.47    | 0.00%             | 2026-12-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA                                                   | Export-Import Bank of Korea                                                      | CUSIP: 302154ED7<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $198646.28    | 0.00%             | 2027-09-11      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                                         | Howard Hughes Corp/The                                                           | CUSIP: 44267DAD9<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248522.31    | 0.01%             | 2028-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BACARDI LTD                                                                | Bacardi Ltd                                                                      | CUSIP: 000000000<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |    200000 | PA      | $200732.74    | 0.00%             | 2028-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                | BNP Paribas SA                                                                   | CUSIP: 09659W2W3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    405000 | PA      | $415606.12    | 0.01%             | 2030-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SABIC Capital II BV                                                        | SABIC Capital II BV                                                              | CUSIP: 000000000<br>LEI: 2138005PCUTH59D4RJ83 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $399166.51    | 0.01%             | 2028-10-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CONSUMERS ENERGY CO                                                        | Consumers Energy Co                                                              | CUSIP: 210518DX1<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |    190000 | PA      | $192132.28    | 0.00%             | 2030-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PDA1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    921000 | PA      | $918530.27    | 0.02%             | 2028-04-26      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAP INTL                                                     | TotalEnergies Capital International SA                                           | CUSIP: 89153VAT6<br>LEI: 549300U37G2I8G4RUG09 | Long             | DBT              | CORP              | FR        |    370000 | PA      | $349506.68    | 0.01%             | 2030-01-10      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                                    | Dell International LLC / EMC Corp                                                | CUSIP: 24703DBP5<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    215000 | PA      | $212783.95    | 0.00%             | 2030-02-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Banco General SA                                                           | Banco General SA                                                                 | CUSIP: 000000000<br>LEI: 549300B5C08LGDFB7205 | Long             | DBT              | CORP              | PA        |    200000 | PA      | $198319.08    | 0.00%             | 2027-08-07      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| WRKCo Inc                                                                  | WRKCo Inc                                                                        | CUSIP: 96145DAH8<br>LEI: 549300JEB576INN13W07 | Long             | DBT              | CORP              | US        |    170000 | PA      | $167919.57    | 0.00%             | 2028-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOAR WISE LTD                                                              | Soar Wise Ltd                                                                    | CUSIP: 000000000<br>LEI: 2138001423MK8G3BNM68 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $192972.44    | 0.00%             | 2030-03-28      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138ETQP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     64040 | PA      | $62929.25     | 0.00%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HP INC                                                                     | HP Inc                                                                           | CUSIP: 40434LAM7<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |    335000 | PA      | $338020.44    | 0.01%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN FINANCIAL GROUP                                                   | American Financial Group Inc/OH                                                  | CUSIP: 025932AP9<br>LEI: 549300AFOM7IVKIU1G39 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92514.23     | 0.00%             | 2030-04-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| ENACT HOLDINGS INC                                                         | Enact Holdings Inc                                                               | CUSIP: 29249EAA7<br>LEI: 9845003CA5664B741N19 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206822.38    | 0.00%             | 2029-05-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Waste Connections Inc                                                      | Waste Connections Inc                                                            | CUSIP: 941053AJ9<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |    160000 | PA      | $156151.38    | 0.00%             | 2029-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Republic of Angola                                                         | Angolan Government International Bond                                            | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    400000 | PA      | $387035.66    | 0.01%             | 2028-05-09      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                                              | LGI Homes Inc                                                                    | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |     75000 | PA      | $68329.34     | 0.00%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                        | American Express Co                                                              | CUSIP: 025816DB2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    454000 | PA      | $469107.65    | 0.01%             | 2027-11-05      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EWR6<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    470000 | PA      | $475851.59    | 0.01%             | 2028-01-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                                       | Garda World Security Corp                                                        | CUSIP: 36485MAK5<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    180000 | PA      | $178240.09    | 0.00%             | 2027-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EWK1<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    420000 | PA      | $419440.69    | 0.01%             | 2027-09-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| HUNT COS INC                                                               | Hunt Cos Inc                                                                     | CUSIP: 445587AE8<br>LEI: 549300ODPWDNCH5TKM49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195967.77    | 0.00%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| QIB SUKUK LTD                                                              | QIB Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 549300XDP1VCBZLCP049 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $412746.29    | 0.01%             | 2028-11-22      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| RPM International Inc                                                      | RPM International Inc                                                            | CUSIP: 749685AX1<br>LEI: 549300TJCKW4BRXPJ474 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99428.21     | 0.00%             | 2029-03-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| 180 MEDICAL INC                                                            | 180 Medical Inc                                                                  | CUSIP: 682357AA6<br>LEI: 254900ZB648OPWVFVX59 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94690.17     | 0.00%             | 2029-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                                          | Eversource Energy                                                                | CUSIP: 30040WAW8<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    280000 | PA      | $291786.37    | 0.01%             | 2029-02-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                                                        | Kimco Realty OP LLC                                                              | CUSIP: 49446RAS8<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |    155000 | PA      | $153192.49    | 0.00%             | 2027-04-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                           | Deutsche Bank AG/New York NY                                                     | CUSIP: 251526CU1<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    450000 | PA      | $478885.55    | 0.01%             | 2029-11-20      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MCN8<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $187238.70    | 0.00%             | 2029-01-14      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                                     | Mizuho Financial Group Inc                                                       | CUSIP: 60687YBX6<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    190000 | PA      | $180980.78    | 0.00%             | 2030-05-22      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES INC                                                   | Agilent Technologies Inc                                                         | CUSIP: 00846UAL5<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |    155000 | PA      | $144715.75    | 0.00%             | 2029-09-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CBB International Sukuk Programme Co. WLL                                  | CBB International Sukuk Programme Co. WLL                                        | CUSIP: 000000000<br>LEI: 5493006IRJ2IWXTNIM16 | Long             | DBT              | NUSS              | BH        |    400000 | PA      | $386214.26    | 0.01%             | 2027-09-16      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                                            | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AC8<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198021.26    | 0.00%             | 2028-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                                          | Ares Capital Corp                                                                | CUSIP: 04010LBB8<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    415000 | PA      | $392219.04    | 0.01%             | 2028-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CMV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25660000 | PA      | $25608880.40  | 0.58%             | 2027-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| QNB FINANCE LTD                                                            | QNB Finance Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300MY0DXTHQEX5O57 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $404237.79    | 0.01%             | 2029-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ANGLOGOLD HOLDINGS PLC                                                     | AngloGold Ashanti Holdings PLC                                                   | CUSIP: 03512TAF8<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |    200000 | PA      | $191247.40    | 0.00%             | 2028-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE SERVICE CORP                                                   | Health Care Service Corp A Mutual Legal Reserve Co                               | CUSIP: 42218SAF5<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |    200000 | PA      | $178441.23    | 0.00%             | 2030-06-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                          | NatWest Group PLC                                                                | CUSIP: 639057AS7<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    395000 | PA      | $399154.72    | 0.01%             | 2030-08-15      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                                                             | Merck & Co Inc                                                                   | CUSIP: 58933YBH7<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    210000 | PA      | $209750.50    | 0.00%             | 2028-05-17      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                                                     | Marriott International Inc/MD                                                    | CUSIP: 571903BE2<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299648.20    | 0.01%             | 2030-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                                             | Eli Lilly & Co                                                                   | CUSIP: 532457BV9<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    320000 | PA      | $311717.99    | 0.01%             | 2029-03-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                                                    | Oncor Electric Delivery Co LLC                                                   | CUSIP: 68233JCQ5<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199631.19    | 0.00%             | 2028-05-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                                   | Enterprise Products Operating LLC                                                | CUSIP: 29379VBN2<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    300000 | PA      | $296687.69    | 0.01%             | 2077-08-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KOOKMIN BANK                                                               | Kookmin Bank                                                                     | CUSIP: 50050HAX4<br>LEI: 549300XXMOJSIW8P4769 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $205669.43    | 0.00%             | 2029-05-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DAH SING BANK LTD                                                          | Dah Sing Bank Ltd                                                                | CUSIP: 000000000<br>LEI: 54930092R8KXPUNCUI17 | Long             | DBT              | CORP              | HK        |    250000 | PA      | $242305.19    | 0.01%             | 2031-11-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MILLENNIUM ESCROW CORP                                                     | Millennium Escrow Corp                                                           | CUSIP: 60041CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $227249.16    | 0.01%             | 2026-08-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                   | Capital One Financial Corp                                                       | CUSIP: 14040HCZ6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    440000 | PA      | $459477.47    | 0.01%             | 2029-06-08      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| Hyatt Hotels Corp                                                          | Hyatt Hotels Corp                                                                | CUSIP: 448579AG7<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    195000 | PA      | $193437.49    | 0.00%             | 2028-09-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EXPORT DEVELOPMNT CANADA                                                   | Export Development Canada                                                        | CUSIP: 30216BKH4<br>LEI: Z6MHCSLXHKYG4B6PHW02 | Long             | DBT              | NUSS              | CA        |      5000 | PA      | $4976.50      | 0.00%             | 2027-09-07      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MIRAE ASSET SECURITIES                                                     | Mirae Asset Securities Co Ltd                                                    | CUSIP: 000000000<br>LEI: 98840072S6T63E2V1291 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $207217.67    | 0.00%             | 2029-01-26      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK                                                           | Fifth Third Bank NA                                                              | CUSIP: 31677QBR9<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |    250000 | PA      | $241884.32    | 0.01%             | 2027-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL FINANCIAL GRP                                                    | Principal Financial Group Inc                                                    | CUSIP: 74251VAP7<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | DBT              | CORP              | US        |    195000 | PA      | $192590.61    | 0.00%             | 2028-02-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| BRUNSWICK CORP                                                             | Brunswick Corp/DE                                                                | CUSIP: 117043AW9<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | DBT              | CORP              | US        |    135000 | PA      | $138776.32    | 0.00%             | 2029-03-18      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                     | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406RBD8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    155000 | PA      | $153189.10    | 0.00%             | 2029-04-26      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP                                                     | Regions Financial Corp                                                           | CUSIP: 7591EPAT7<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |     55000 | PA      | $50855.38     | 0.00%             | 2028-08-12      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Bolivia Government International Bonds                                     | Bolivia Government International Bonds                                           | CUSIP: 000000000<br>LEI: 529900TGIRPY3SZXEB56 | Long             | DBT              | NUSS              | BO        |    400000 | PA      | $303918.83    | 0.01%             | 2028-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BK/NY                                                   | National Australia Bank Ltd/New York                                             | CUSIP: 63254AAS7<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |    485000 | PA      | $476735.16    | 0.01%             | 2026-07-12      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                       | Mercedes-Benz Finance North America LLC                                          | CUSIP: 58769JBC0<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150405.52    | 0.00%             | 2027-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP                                                      | Bank of Ireland Group PLC                                                        | CUSIP: 06279JAB5<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |    190000 | PA      | $184195.07    | 0.00%             | 2027-09-30      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                   | European Investment Bank                                                         | CUSIP: 298785KB1<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |   1010000 | PA      | $1015584.67   | 0.02%             | 2027-03-19      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GUARDIAN LIFE GLOB FUND                                                    | Guardian Life Global Funding                                                     | CUSIP: 40139LBH5<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |    115000 | PA      | $119590.34    | 0.00%             | 2028-10-02      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                             | Amazon.com Inc                                                                   | CUSIP: 023135BR6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    512000 | PA      | $485823.97    | 0.01%             | 2027-06-03      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT LIGHT & PWR                                                    | Connecticut Light and Power Co/The                                               | CUSIP: 207597EJ0<br>LEI: 549300O45IUXEDS1VZ32 | Long             | DBT              | CORP              | US        |    175000 | PA      | $171773.91    | 0.00%             | 2027-03-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                                     | Cloud Software Group Inc                                                         | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1159061.47   | 0.03%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Global Marine Inc                                                          | Global Marine Inc                                                                | CUSIP: 379352AL1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $83834.60     | 0.00%             | 2028-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                                     | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    600000 | PA      | $572299.61    | 0.01%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                                                         | BMW US Capital LLC                                                               | CUSIP: 05565EBJ3<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    255000 | PA      | $247123.48    | 0.01%             | 2029-04-18      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                                                        | NOVA Chemicals Corp                                                              | CUSIP: 66977WAU3<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $107643.95    | 0.00%             | 2030-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                  | ONEOK Inc                                                                        | CUSIP: 682680AY9<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    200000 | PA      | $190520.37    | 0.00%             | 2029-09-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                      | Athene Global Funding                                                            | CUSIP: 04685A4G3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    235000 | PA      | $239335.63    | 0.01%             | 2030-01-07      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 3128MMWW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     11370 | PA      | $11112.00     | 0.00%             | 2032-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                           | Bank of Montreal                                                                 | CUSIP: 06368FAJ8<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    470000 | PA      | $457864.61    | 0.01%             | 2027-03-08      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                     | American Honda Finance Corp                                                      | CUSIP: 02665WEM9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    380000 | PA      | $387058.17    | 0.01%             | 2028-07-07      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                                   | Penske Truck Leasing Co Lp / PTL Finance Corp                                    | CUSIP: 709599BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $95780.94     | 0.00%             | 2027-01-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI HC FIN AMER                                                     | Mitsubishi HC Finance America LLC                                                | CUSIP: 606790AC7<br>LEI: 3538008O2MCHLB9FAL82 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202719.37    | 0.00%             | 2029-10-24      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Churchill Downs Inc                                                        | Churchill Downs Inc                                                              | CUSIP: 171484AG3<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    180000 | PA      | $179721.61    | 0.00%             | 2027-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                                     | Asian Development Bank                                                           | CUSIP: 045167FH1<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |   2090000 | PA      | $2013612.90   | 0.05%             | 2027-01-20      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY CO LTD                                                         | Studio City Co Ltd                                                               | CUSIP: 86400GAC3<br>LEI: 984500V5401EFT095A58 | Long             | DBT              | CORP              | VG        |    130000 | PA      | $130925.25    | 0.00%             | 2027-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MANUF & TRADERS TRUST CO                                                   | Manufacturers & Traders Trust Co                                                 | CUSIP: 564760CC8<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250998.15    | 0.01%             | 2028-07-06      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | CALIFORNIA ST                                                                    | CUSIP: 13063EGT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506369.02    | 0.01%             | 2029-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CHUBB INA HOLDINGS LLC                                                     | Chubb INA Holdings LLC                                                           | CUSIP: 171239AL0<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |    230000 | PA      | $232795.92    | 0.01%             | 2029-08-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| KOREA LAND & HOUSING COR                                                   | Korea Land & Housing Corp                                                        | CUSIP: 000000000<br>LEI: 9884009ZN0XE8VIPAC02 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $199251.84    | 0.00%             | 2027-10-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TRUENOORD CAPITAL DAC                                                      | TrueNoord Capital DAC                                                            | CUSIP: 89785GAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    110000 | PA      | $113947.23    | 0.00%             | 2030-03-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                                     | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    910000 | PA      | $919748.07    | 0.02%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN                                                   | Brighthouse Financial Inc                                                        | CUSIP: 10922NAG8<br>LEI: 5493003T8SZSHOGGAW52 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150314.95    | 0.00%             | 2030-05-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Central Garden & Pet Co                                                    | Central Garden & Pet Co                                                          | CUSIP: 153527AM8<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84650.51     | 0.00%             | 2028-02-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| NVIDIA CORP                                                                | NVIDIA Corp                                                                      | CUSIP: 67066GAF1<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |    455000 | PA      | $429823.89    | 0.01%             | 2030-04-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| EXPORT DEVELOPMNT CANADA                                                   | Export Development Canada                                                        | CUSIP: 30216BKK7<br>LEI: Z6MHCSLXHKYG4B6PHW02 | Long             | DBT              | NUSS              | CA        |    365000 | PA      | $365023.70    | 0.01%             | 2030-06-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                          | Post Holdings Inc                                                                | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    430000 | PA      | $410753.03    | 0.01%             | 2030-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                                                       | BAT International Finance PLC                                                    | CUSIP: 05530QAP5<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |    275000 | PA      | $274101.85    | 0.01%             | 2028-03-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| KHAZANAH GLOBAL SUKUK                                                      | Khazanah Global Sukuk Bhd                                                        | CUSIP: 000000000<br>LEI: 213800VIN16ILYRCKD86 | Long             | DBT              | CORP              | MY        |    200000 | PA      | $200484.46    | 0.00%             | 2029-09-05      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                                    | American Electric Power Co Inc                                                   | CUSIP: 025537AZ4<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104557.77    | 0.00%             | 2054-12-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                                  | Apple Inc                                                                        | CUSIP: 037833DU1<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    500000 | PA      | $444808.59    | 0.01%             | 2030-05-11      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                                                   | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $117532.59    | 0.00%             | 2030-04-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                                     | Sempra                                                                           | CUSIP: 816851BU2<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98086.38     | 0.00%             | 2055-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                             | Morgan Stanley                                                                   | CUSIP: 61747YEK7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    805000 | PA      | $781426.73    | 0.02%             | 2028-01-21      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                  | ONEOK Inc                                                                        | CUSIP: 682680BH5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    210000 | PA      | $212202.40    | 0.00%             | 2026-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BIOGEN INC                                                                 | Biogen Inc                                                                       | CUSIP: 09062XAH6<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |    450000 | PA      | $403534.40    | 0.01%             | 2030-05-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| NORDIC INVESTMENT BANK                                                     | Nordic Investment Bank                                                           | CUSIP: 65562QBV6<br>LEI: 213800HYL1S7VAXG6Z48 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $197660.70    | 0.00%             | 2027-09-08      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO FINANCE 2                                                    | INEOS Quattro Finance 2 Plc                                                      | CUSIP: 45674GAB0<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |    130000 | PA      | $132254.84    | 0.00%             | 2029-03-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                                                          | International Finance Corp                                                       | CUSIP: 45950KCX6<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |    410000 | PA      | $394099.72    | 0.01%             | 2026-10-08      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Viking Cruises Ltd                                                         | Viking Cruises Ltd                                                               | CUSIP: 92676XAD9<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    270000 | PA      | $269673.11    | 0.01%             | 2027-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                                   | Enterprise Products Operating LLC                                                | CUSIP: 29379VBX0<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    350000 | PA      | $326690.20    | 0.01%             | 2030-01-31      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                                                   | Graphic Packaging International LLC                                              | CUSIP: 38869AAD9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    125000 | PA      | $116793.81    | 0.00%             | 2030-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Costco Wholesale Corp                                                      | Costco Wholesale Corp                                                            | CUSIP: 22160KAM7<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | DBT              | CORP              | US        |    277000 | PA      | $271944.79    | 0.01%             | 2027-05-18      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                  | ONEOK Inc                                                                        | CUSIP: 682680BB8<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    200000 | PA      | $186770.70    | 0.00%             | 2030-03-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                                                        | General Electric Co                                                              | CUSIP: 369604BZ5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124465.36    | 0.00%             | 2030-07-29      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                     | American Honda Finance Corp                                                      | CUSIP: 02665WFQ9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248924.46    | 0.01%             | 2029-09-05      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| NEUBERGER BERMAN GRP/FIN                                                   | Neuberger Berman Group LLC / Neuberger Berman Finance Corp                       | CUSIP: 64128XAG5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $183731.82    | 0.00%             | 2027-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL BDC                                                          | Golub Capital BDC Inc                                                            | CUSIP: 38173MAE2<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |    205000 | PA      | $208105.52    | 0.00%             | 2029-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Dupont De Nemours Inc                                                      | DuPont de Nemours Inc                                                            | CUSIP: 26078JAD2<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |    535000 | PA      | $541309.93    | 0.01%             | 2028-11-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| KIMBERLY-CLARK CORP                                                        | Kimberly-Clark Corp                                                              | CUSIP: 494368CB7<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | DBT              | CORP              | US        |    200000 | PA      | $189631.41    | 0.00%             | 2030-03-26      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| SMIC SG HOLDINGS PTE LTD                                                   | SMIC SG Holdings Pte Ltd                                                         | CUSIP: 000000000<br>LEI: 254900CQKQDZMZH3G563 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $203068.52    | 0.00%             | 2029-07-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                                               | AES Corp/The                                                                     | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    145000 | PA      | $139998.61    | 0.00%             | 2055-07-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp                                                             | Air Lease Corp                                                                   | CUSIP: 00912XBF0<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55119.64     | 0.00%             | 2028-10-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FOOT LOCKER INC                                                            | Foot Locker Inc                                                                  | CUSIP: 344849AA2<br>LEI: 549300X383CBNP6MTV94 | Long             | DBT              | CORP              | US        |    115000 | PA      | $108499.51    | 0.00%             | 2029-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                    | BPCE SA                                                                          | CUSIP: 056121AA4<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $254590.30    | 0.01%             | 2031-05-28      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                                     | Turkiye Government International Bonds                                           | CUSIP: 900123DF4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1200000 | PA      | $1311058.25   | 0.03%             | 2028-01-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| CVR PARTNERS/CVR NITROGE                                                   | CVR Partners LP / CVR Nitrogen Finance Corp                                      | CUSIP: 12663QAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    184000 | PA      | $182949.87    | 0.00%             | 2028-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                                        | Buckeye Partners LP                                                              | CUSIP: 118230AU5<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    175000 | PA      | $170893.35    | 0.00%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                                      | Panama Government International Bonds                                            | CUSIP: 698299BK9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    400000 | PA      | $360127.04    | 0.01%             | 2030-01-23      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST GAS CORP                                                         | Southwest Gas Corp                                                               | CUSIP: 845011AC9<br>LEI: OQQR1IQTGBKH0UR88X59 | Long             | DBT              | CORP              | US        |    100000 | PA      | $89539.51     | 0.00%             | 2030-06-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                                 | goeasy Ltd                                                                       | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    170000 | PA      | $179910.52    | 0.00%             | 2028-12-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                                              | Parkland Corp                                                                    | CUSIP: 70137WAL2<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $230140.67    | 0.01%             | 2030-05-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| HONDA MOTOR CO LTD                                                         | Honda Motor Co Ltd                                                               | CUSIP: 438127AD4<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | DBT              | CORP              | JP        |    300000 | PA      | $299634.76    | 0.01%             | 2028-07-08      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| PulteGroup Inc                                                             | PulteGroup Inc                                                                   | CUSIP: 745867AX9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $80389.09     | 0.00%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                         | Energy Transfer LP                                                               | CUSIP: 29278NAF0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    230000 | PA      | $232412.17    | 0.01%             | 2028-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                       | Glencore Funding LLC                                                             | CUSIP: 378272BY3<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55525.67     | 0.00%             | 2028-04-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| China Development Bank                                                     | China Development Bank                                                           | CUSIP: 000000000<br>LEI: 300300C1020111000029 | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $197682.31    | 0.00%             | 2027-01-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                                                    | Walt Disney Co/The                                                               | CUSIP: 254687FW1<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    275000 | PA      | $262676.79    | 0.01%             | 2028-01-13      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| MASHREQBANK PSC                                                            | Mashreqbank PSC                                                                  | CUSIP: 000000000<br>LEI: 5493000SA3K24EQKA103 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $206300.90    | 0.00%             | 2029-06-10      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust                                          | World Omni Auto Receivables Trust 2024-A                                         | CUSIP: 98164RAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $605807.82    | 0.01%             | 2029-12-17      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| WOORI BANK                                                                 | Woori Bank                                                                       | CUSIP: 000000000<br>LEI: 549300VUVMRL6RE7R376 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $203987.12    | 0.00%             | 2029-07-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC                                                        | Cardinal Health Inc                                                              | CUSIP: 14149YBN7<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203928.37    | 0.00%             | 2029-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                      | Truist Financial Corp                                                            | CUSIP: 89788MAC6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    200000 | PA      | $187754.72    | 0.00%             | 2027-08-03      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                           | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FG6X8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    804000 | PA      | $795248.13    | 0.02%             | 2028-05-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| LOUISIANA-PACIFIC CORP                                                     | Louisiana-Pacific Corp                                                           | CUSIP: 546347AM7<br>LEI: 549300C7E2UAO5BVRR75 | Long             | DBT              | CORP              | US        |    105000 | PA      | $100006.15    | 0.00%             | 2029-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| ASSURED GUARANTY US HLDG                                                   | Assured Guaranty US Holdings Inc                                                 | CUSIP: 04621WAF7<br>LEI: 5493007YCE0652G9TZ64 | Long             | DBT              | CORP              | US        |    115000 | PA      | $120225.64    | 0.00%             | 2028-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                                                | Walmart Inc                                                                      | CUSIP: 931142FN8<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    195000 | PA      | $195908.73    | 0.00%             | 2030-04-28      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                                             | NRG Energy Inc                                                                   | CUSIP: 629377CE0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225369.38    | 0.01%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DOLLAR GENERAL CORP                                                        | Dollar General Corp                                                              | CUSIP: 256677AG0<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |    300000 | PA      | $284682.46    | 0.01%             | 2030-04-03      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                        | Southern California Edison Co                                                    | CUSIP: 842400JF1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     95000 | PA      | $94718.53     | 0.00%             | 2026-09-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| HOLOGIC INC                                                                | Hologic Inc                                                                      | CUSIP: 436440AP6<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | DBT              | CORP              | US        |    300000 | PA      | $284073.41    | 0.01%             | 2029-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ELECTRIC POWER                                                   | Wisconsin Electric Power Co                                                      | CUSIP: 976656CM8<br>LEI: AENKIFMULUAWOUU8Q584 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18674.42     | 0.00%             | 2028-06-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| KONDOR FINANCE PLC (NAK)                                                   | NAK Naftogaz Ukraine via Kondor Finance PLC                                      | CUSIP: 000000000<br>LEI: 213800PUC1T9GI6EIO63 | Long             | DBT              | CORP              | GB        |    233512 | PA      | $182389.63    | 0.00%             | 2028-11-08      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                                   | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $237807.66    | 0.01%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                                            | AstraZeneca PLC                                                                  | CUSIP: 046353AN8<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $98093.98     | 0.00%             | 2027-06-12      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| HORMEL FOODS CORP                                                          | Hormel Foods Corp                                                                | CUSIP: 440452AK6<br>LEI: MSD54751OJP1FS2ND863 | Long             | DBT              | CORP              | US        |    185000 | PA      | $186285.46    | 0.00%             | 2027-03-30      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| EVERGY INC                                                                 | Evergy Inc                                                                       | CUSIP: 30034WAE6<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75758.79     | 0.00%             | 2055-06-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Pakistan Government International Bonds                                    | Pakistan Government International Bonds                                          | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |    400000 | PA      | $391960.06    | 0.01%             | 2027-12-05      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS                                                   | Huntington Ingalls Industries Inc                                                | CUSIP: 446413AT3<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |    150000 | PA      | $145986.62    | 0.00%             | 2030-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| HKT CAPITAL NO 5 LTD                                                       | HKT Capital No 5 Ltd                                                             | CUSIP: 000000000<br>LEI: 254900PW2WQ2W5M9NA17 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $190128.31    | 0.00%             | 2029-09-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK CHINA                                                   | Export-Import Bank of China/The                                                  | CUSIP: 000000000<br>LEI: 300300C1020211000045 | Long             | DBT              | NUSS              | CN        |    400000 | PA      | $394713.57    | 0.01%             | 2027-03-14      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132D6N48<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2868971 | PA      | $2623105.65   | 0.06%             | 2036-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GENUINE PARTS CO                                                           | Genuine Parts Co                                                                 | CUSIP: 372460AE5<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |    195000 | PA      | $206313.37    | 0.00%             | 2028-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                                         | Ford Motor Co                                                                    | CUSIP: 345370CR9<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    545000 | PA      | $541260.59    | 0.01%             | 2026-12-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Toyota Industries Corp                                                     | Toyota Industries Corp                                                           | CUSIP: 892330AC5<br>LEI: 35380000WKGEAHEMW830 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $194381.54    | 0.00%             | 2028-03-16      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                         | Credit Agricole SA                                                               | CUSIP: 22534PAE3<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    450000 | PA      | $454735.73    | 0.01%             | 2026-07-05      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                          | State Street Corp                                                                | CUSIP: 857477CU5<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    275000 | PA      | $276953.20    | 0.01%             | 2028-02-28      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI                                                   | SMBC Aviation Capital Finance DAC                                                | CUSIP: 78448TAL6<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $203734.60    | 0.00%             | 2029-04-03      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CGI INC                                                                    | CGI Inc                                                                          | CUSIP: 12532HAC8<br>LEI: 549300WSRCZY73ZG3090 | Long             | DBT              | CORP              | CA        |     45000 | PA      | $43470.37     | 0.00%             | 2026-09-14      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Hologic Inc                                                                | Hologic Inc                                                                      | CUSIP: 436440AM3<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | DBT              | CORP              | US        |    145000 | PA      | $143020.10    | 0.00%             | 2028-02-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| LENNOX INTERNATIONAL INC                                                   | Lennox International Inc                                                         | CUSIP: 526107AG2<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | DBT              | CORP              | US        |    205000 | PA      | $210515.76    | 0.00%             | 2028-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SM Energy Co                                                               | SM Energy Co                                                                     | CUSIP: 78454LAN0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    140000 | PA      | $140332.49    | 0.00%             | 2026-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                                                    | Astrazeneca Finance LLC                                                          | CUSIP: 04636NAK9<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    335000 | PA      | $337793.87    | 0.01%             | 2027-02-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 31418DEM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    338244 | PA      | $327844.06    | 0.01%             | 2034-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TLY9<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176895.02    | 0.00%             | 2027-03-19      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPN BANK FOR INT'L COOP                                                    | Japan Bank for International Cooperation                                         | CUSIP: 471048BT4<br>LEI: 549300TJ3QFYVCTSCJ29 | Long             | DBT              | NUSS              | JP        |    416000 | PA      | $406414.15    | 0.01%             | 2028-07-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Sutter Health                                                              | Sutter Health                                                                    | CUSIP: 86944BAD5<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |    108000 | PA      | $106010.41    | 0.00%             | 2028-08-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                                | BBCMS Mortgage Trust 2018-C2                                                     | CUSIP: 05491UBC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $491619.83    | 0.01%             | 2051-12-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| MUELLER WATER PRODUCTS                                                     | Mueller Water Products Inc                                                       | CUSIP: 624758AF5<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | DBT              | CORP              | US        |    140000 | PA      | $133802.31    | 0.00%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                                                            | Chevron USA Inc                                                                  | CUSIP: 166756AL0<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |    195000 | PA      | $183524.90    | 0.00%             | 2027-08-12      | Fixed         | 1.02%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                                                    | Corebridge Global Funding                                                        | CUSIP: 00138CBC1<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126205.23    | 0.00%             | 2029-12-03      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                                                        | Invitation Homes Operating Partnership LP                                        | CUSIP: 46188BAB8<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              |  | US        |    210000 | PA      | $196283.79    | 0.00%             | 2028-11-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                                        | Global Payments Inc                                                              | CUSIP: 891906AF6<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129399.97    | 0.00%             | 2028-06-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Lebanon Government International Bonds                                     | Lebanon Government International Bonds                                           | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    483000 | PA      | $89369.50     | 0.00%             | 2027-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MEXICO CITY ARPT TRUST                                                     | Mexico City Airport Trust                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    200000 | PA      | $198516.34    | 0.00%             | 2026-10-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                                      | Civitas Resources Inc                                                            | CUSIP: 097793AE3<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    152000 | PA      | $150379.58    | 0.00%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                   | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MBN4<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    200000 | PA      | $201529.36    | 0.00%             | 2028-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                                                      | Scotts Miracle-Gro Co/The                                                        | CUSIP: 810186AS5<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |    115000 | PA      | $110384.18    | 0.00%             | 2029-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                | BNP Paribas SA                                                                   | CUSIP: 09659W2Z6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    865000 | PA      | $881149.45    | 0.02%             | 2030-11-19      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                                                    | Walt Disney Co/The                                                               | CUSIP: 254687FQ4<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    360000 | PA      | $352166.92    | 0.01%             | 2030-03-22      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CMHI FINANCE BVI CO LTD                                                    | CMHI Finance BVI Co Ltd                                                          | CUSIP: 000000000<br>LEI: 549300KTVUL1BXLNPZ11 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $202562.26    | 0.00%             | 2028-08-06      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PT TOWER BERSAMA INFRAST                                                   | PT Tower Bersama Infrastructure Tbk                                              | CUSIP: 000000000<br>LEI: 213800ELUARKGNPAPY10 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $193402.11    | 0.00%             | 2027-05-02      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                                                    | Park River Holdings Inc                                                          | CUSIP: 70082LAB3<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |    100000 | PA      | $87423.24     | 0.00%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Pharmacia LLC                                                              | Pharmacia LLC                                                                    | CUSIP: 71713UAW2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $202736.33    | 0.00%             | 2028-12-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                                                | PepsiCo Inc                                                                      | CUSIP: 713448GA0<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176428.22    | 0.00%             | 2028-02-07      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                                   | New York Life Global Funding                                                     | CUSIP: 64952WFJ7<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    195000 | PA      | $193297.12    | 0.00%             | 2027-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: —       |
| B&G FOODS INC                                                              | B&G Foods Inc                                                                    | CUSIP: 05508WAB1<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |    175000 | PA      | $155249.05    | 0.00%             | 2027-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3133G6HZ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    142523 | PA      | $136371.99    | 0.00%             | 2034-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CITIC                                                                      | CITIC Ltd                                                                        | CUSIP: 000000000<br>LEI: 2549006I3Q3M98KHOT11 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $195001.36    | 0.00%             | 2027-02-17      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| OWENS & MINOR INC                                                          | Owens & Minor Inc                                                                | CUSIP: 690732AG7<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |    170000 | PA      | $153080.87    | 0.00%             | 2030-04-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Duke Energy Ohio Inc                                                       | Duke Energy Ohio Inc                                                             | CUSIP: 26442EAF7<br>LEI: L6KC0HABGHNFU1Z6QY21 | Long             | DBT              | CORP              | US        |    235000 | PA      | $229391.76    | 0.01%             | 2029-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| NBK TIER 1 LTD                                                             | NBK Tier 1 Ltd                                                                   | CUSIP: 000000000<br>LEI: 5493000G4QCCEE8YHF19 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $194679.57    | 0.00%             | 2026-08-24      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                       | Bank of America Corp                                                             | CUSIP: 06051GMT3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    885000 | PA      | $888655.97    | 0.02%             | 2029-05-09      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| JAPAN TOBACCO INC                                                          | Japan Tobacco Inc                                                                | CUSIP: 471105AC0<br>LEI: 353800Z0ENYBQO0XRJ31 | Long             | DBT              | CORP              | JP        |    250000 | PA      | $252446.25    | 0.01%             | 2028-05-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| KUNTARAHOITUS OYJ                                                          | Kuntarahoitus Oyj                                                                | CUSIP: 62628PAJ5<br>LEI: 529900HEKOENJHPNN480 | Long             | DBT              | NUSS              | FI        |    300000 | PA      | $302486.90    | 0.01%             | 2030-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                    | HCA Inc                                                                          | CUSIP: 404119CH0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    347000 | PA      | $339373.03    | 0.01%             | 2027-03-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                                                            | Xcel Energy Inc                                                                  | CUSIP: 98389BAU4<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |     85000 | PA      | $83555.78     | 0.00%             | 2026-12-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                 | Fiserv Inc                                                                       | CUSIP: 337738AU2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    860000 | PA      | $824962.79    | 0.02%             | 2029-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CHINA CITIC BANK INTL                                                      | China CITIC Bank International Ltd                                               | CUSIP: 000000000<br>LEI: 54930034UPFJV0NHXV95 | Long             | DBT              | CORP              | HK        |    250000 | PA      | $259188.02    | 0.01%             | 2033-12-05      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138WJR75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26243 | PA      | $25351.84     | 0.00%             | 2032-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EATON CORP                                                                 | Eaton Corp                                                                       | CUSIP: 278062AK0<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120269.71    | 0.00%             | 2028-05-18      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| GDZ ELEKTRIK DAGITIM AS                                                    | GDZ Elektrik Dagitim AS                                                          | CUSIP: 000000000<br>LEI: 984500B63B5766038A64 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $194948.64    | 0.00%             | 2029-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| KOBE US MIDCO 2 INC                                                        | Kobe US Midco 2 Inc                                                              | CUSIP: 499894AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     71162 | PA      | $63333.74     | 0.00%             | 2026-11-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| DARDEN RESTAURANTS INC                                                     | Darden Restaurants Inc                                                           | CUSIP: 237194AP0<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119789.65    | 0.00%             | 2027-10-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                                     | Mizuho Financial Group Inc                                                       | CUSIP: 60687YDF3<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    390000 | PA      | $400260.08    | 0.01%             | 2030-07-10      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PACIFIC NATIONAL FINANCE                                                   | Pacific National Finance Pty Ltd                                                 | CUSIP: 000000000<br>LEI: 213800SSTRDXLWWVF948 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $194589.41    | 0.00%             | 2028-03-22      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PACCAR FINANCIAL CORP                                                      | PACCAR Financial Corp                                                            | CUSIP: 69371RS64<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40864.47     | 0.00%             | 2028-08-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                   | EQT Corp                                                                         | CUSIP: 26884LAG4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    150000 | PA      | $162115.48    | 0.00%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| STEEL DYNAMICS INC                                                         | Steel Dynamics Inc                                                               | CUSIP: 858119BK5<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |    180000 | PA      | $170888.01    | 0.00%             | 2030-04-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| ANYWHERE RE GRP/REALOGY                                                    | Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp                          | CUSIP: 75606DAQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $116700.12    | 0.00%             | 2030-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                                                           | Coca-Cola Co/The                                                                 | CUSIP: 191216CV0<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    450000 | PA      | $398303.76    | 0.01%             | 2030-06-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                      | Truist Financial Corp                                                            | CUSIP: 05531GAB7<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    130000 | PA      | $126672.66    | 0.00%             | 2029-03-19      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                         | Energy Transfer LP                                                               | CUSIP: 292480AM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    165000 | PA      | $161728.27    | 0.00%             | 2029-09-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| SHEA HOMES LP/FNDG CP                                                      | Shea Homes LP / Shea Homes Funding Corp                                          | CUSIP: 82088KAK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $180978.56    | 0.00%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Jordan Government International Bonds                                      | Jordan Government International Bonds                                            | CUSIP: 000000000<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    200000 | PA      | $199403.07    | 0.00%             | 2027-01-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMS-OSRAM AG                                                               | ams-OSRAM AG                                                                     | CUSIP: 03217CAB2<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |    135000 | PA      | $145864.23    | 0.00%             | 2029-03-30      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                                   | Standard Industries Inc/NY                                                       | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    330000 | PA      | $325962.20    | 0.01%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Telefonica Emisiones SAU                                                   | Telefonica Emisiones SA                                                          | CUSIP: 87938WAT0<br>LEI: 549300Y5MFC4SW5Z3K71 | Long             | DBT              | CORP              | ES        |    442000 | PA      | $438595.98    | 0.01%             | 2027-03-08      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| KFC HLD/PIZZA HUT/TACO                                                     | KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC                   | CUSIP: 48250NAC9<br>LEI: 549300G2LG4YUB3MM115 | Long             | DBT              | CORP              | US        |    270000 | PA      | $268603.13    | 0.01%             | 2027-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                    | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1073885.15   | 0.02%             | 2031-04-23      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                                                   | Live Nation Entertainment Inc                                                    | CUSIP: 538034AX7<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    150000 | PA      | $145752.06    | 0.00%             | 2028-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                           | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137H9M71<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4895018 | PA      | $4783902.90   | 0.11%             | 2032-01-25      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| CDP FINANCIAL INC                                                          | CDP Financial Inc                                                                | CUSIP: 125094BE1<br>LEI: 549300OXMGVYFCBFV096 | Long             | DBT              | NUSS              | CA        |    415000 | PA      | $417527.40    | 0.01%             | 2028-07-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                                                    | Honeywell International Inc                                                      | CUSIP: 438516CY0<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    305000 | PA      | $308336.02    | 0.01%             | 2030-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                          | Newell Brands Inc                                                                | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151931.08    | 0.00%             | 2027-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL FINANCIAL GRP                                                    | Principal Financial Group Inc                                                    | CUSIP: 74251VAR3<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97227.85     | 0.00%             | 2029-05-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                                  | Apple Inc                                                                        | CUSIP: 037833EC0<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    925000 | PA      | $862120.56    | 0.02%             | 2028-02-08      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                                     | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $156681.11    | 0.00%             | 2029-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ERP OPERATING LP                                                           | ERP Operating LP                                                                 | CUSIP: 26884ABL6<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              |  | US        |    135000 | PA      | $128122.57    | 0.00%             | 2029-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Pfizer Inc                                                                 | Pfizer Inc                                                                       | CUSIP: 717081EA7<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    470000 | PA      | $462384.71    | 0.01%             | 2026-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                                                    | Asbury Automotive Group Inc                                                      | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    150000 | PA      | $143966.46    | 0.00%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| STORE CAPITAL LLC                                                          | Store Capital LLC                                                                | CUSIP: 862123AA4<br>LEI: 254900Z9PIEFQ6AYXK50 | Long             | DBT              |  | US        |    115000 | PA      | $116262.88    | 0.00%             | 2030-04-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Republic of Panama                                                         | Panama Government International Bond                                             | CUSIP: 698299AK0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $224436.94    | 0.01%             | 2029-04-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                    | BPCE SA                                                                          | CUSIP: 05583JAC6<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    425000 | PA      | $414856.77    | 0.01%             | 2027-10-23      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EURO STABILITY MECHANISM                                                   | European Stability Mechanism                                                     | CUSIP: 29881WAF9<br>LEI: 222100W4EEAQ77386N50 | Long             | DBT              | NUSS              | XX        |   1000000 | PA      | $1006450.79   | 0.02%             | 2026-09-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMAGGI LUX INTL SARL                                                       | Amaggi Luxembourg International Sarl                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    200000 | PA      | $195487.44    | 0.00%             | 2028-01-28      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                           | Crown Castle Inc                                                                 | CUSIP: 22822VBD2<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    265000 | PA      | $273214.27    | 0.01%             | 2029-06-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY SR INC                                                        | Arbor Realty SR Inc                                                              | CUSIP: 03881NAJ6<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              |  | US        |     60000 | PA      | $61274.70     | 0.00%             | 2030-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| OQ SAOC                                                                    | OQ SAOC                                                                          | CUSIP: 000000000<br>LEI: 549300YK417GKI6EQ392 | Long             | DBT              | CORP              | OM        |    200000 | PA      | $200645.61    | 0.00%             | 2028-05-06      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                                                     | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAZ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $215564.66    | 0.00%             | 2030-04-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SVCS                                                      | Universal Health Services Inc                                                    | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    275000 | PA      | $265674.32    | 0.01%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ELEC POWER                                                    | Southwestern Electric Power Co                                                   | CUSIP: 845437BR2<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |    320000 | PA      | $316358.70    | 0.01%             | 2028-09-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GLOBAL                                                   | Sammons Financial Group Global Funding                                           | CUSIP: 79587J2C6<br>LEI: 635400IPRNPM6HDHRS48 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100591.83    | 0.00%             | 2030-06-12      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    775000 | PA      | $791754.14    | 0.02%             | 2031-01-24      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| EASTMAN CHEMICAL CO                                                        | Eastman Chemical Co                                                              | CUSIP: 277432AZ3<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | DBT              | CORP              | US        |    240000 | PA      | $242740.72    | 0.01%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                         | BMW US Capital LLC                                                               | CUSIP: 05565ECE3<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    415000 | PA      | $421560.34    | 0.01%             | 2028-08-11      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                                                    | Honeywell International Inc                                                      | CUSIP: 438516CX2<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    510000 | PA      | $513460.73    | 0.01%             | 2027-07-30      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                   | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    115000 | PA      | $115054.30    | 0.00%             | 2027-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                                                    | Oncor Electric Delivery Co LLC                                                   | CUSIP: 68233JBU7<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    200000 | PA      | $184905.64    | 0.00%             | 2030-05-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                     | Venture Global LNG Inc                                                           | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    880000 | PA      | $959501.76    | 0.02%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                                   | Penske Truck Leasing Co Lp / PTL Finance Corp                                    | CUSIP: 709599AW4<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |    165000 | PA      | $162301.04    | 0.00%             | 2026-11-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC                                                       | Waste Management Inc                                                             | CUSIP: 94106LBT5<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    220000 | PA      | $221990.15    | 0.01%             | 2030-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CITIZENS BANK NA/RI                                                        | Citizens Bank NA/Providence RI                                                   | CUSIP: 75524KPG3<br>LEI: DRMSV1Q0EKMEXLAU1P80 | Long             | DBT              | CORP              | US        |    345000 | PA      | $344763.47    | 0.01%             | 2028-08-09      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| DOC DR LLC                                                                 | DOC DR LLC                                                                       | CUSIP: 71951QAA0<br>LEI: 549300P6Q1UMT0X60U20 | Long             | DBT              |  | US        |     70000 | PA      | $69679.12     | 0.00%             | 2027-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                           | Societe Generale SA                                                              | CUSIP: 83368RAW2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    365000 | PA      | $338261.35    | 0.01%             | 2030-01-22      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL SECS CLEARING                                                     | National Securities Clearing Corp                                                | CUSIP: 637639AK1<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254260.45    | 0.01%             | 2028-05-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                                                        | Sherwin-Williams Co/The                                                          | CUSIP: 824348BV7<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149522.80    | 0.00%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                                                    | Philippine Government International Bond                                         | CUSIP: 718286CQ8<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    200000 | PA      | $196189.14    | 0.00%             | 2027-03-29      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC                                                        | Cardinal Health Inc                                                              | CUSIP: 14149YBQ0<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85170.81     | 0.00%             | 2026-11-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                     | UnitedHealth Group Inc                                                           | CUSIP: 91324PEH1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    305000 | PA      | $300202.99    | 0.01%             | 2029-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hess Corp                                                                  | Hess Corp                                                                        | CUSIP: 42809HAG2<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    392000 | PA      | $391723.78    | 0.01%             | 2027-04-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CJN2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  24239000 | PA      | $24593116.76  | 0.56%             | 2028-11-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| INTERPUBLIC GROUP COS                                                      | Interpublic Group of Cos Inc/The                                                 | CUSIP: 460690BR0<br>LEI: 5493008IUOJ5VWTRC333 | Long             | DBT              | CORP              | US        |    215000 | PA      | $215126.04    | 0.00%             | 2030-03-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MCW8<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $417811.94    | 0.01%             | 2030-01-13      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                      | Wells Fargo & Co                                                                 | CUSIP: 95000U2J1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    930000 | PA      | $853061.29    | 0.02%             | 2031-02-11      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK                                                   | African Development Bank                                                         | CUSIP: 00828EEF2<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | XX        |   1026000 | PA      | $993508.53    | 0.02%             | 2026-07-22      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| FORTITUDE GROUP HOLDINGS                                                   | Fortitude Group Holdings LLC                                                     | CUSIP: 34966XAA6<br>LEI: 2549006R9ZUL08JFIH12 | Long             | DBT              | CORP              | US        |    225000 | PA      | $230845.18    | 0.01%             | 2030-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Amkor Technology Inc                                                       | Amkor Technology Inc                                                             | CUSIP: 031652BK5<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |    131000 | PA      | $130800.68    | 0.00%             | 2027-09-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                                                        | Avianca Midco 2 PLC                                                              | CUSIP: 05369YAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    400000 | PA      | $381098.39    | 0.01%             | 2028-12-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                                                     | Lumen Technologies Inc                                                           | CUSIP: 550241AA1<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |     70000 | PA      | $62712.41     | 0.00%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Verisk Analytics Inc                                                       | Verisk Analytics Inc                                                             | CUSIP: 92345YAF3<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |    105000 | PA      | $104156.59    | 0.00%             | 2029-03-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CABOT CORP                                                                 | Cabot Corp                                                                       | CUSIP: 127055AL5<br>LEI: K05C0SER542GQ6VLRO68 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63579.97     | 0.00%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LINDBLAD EXPEDITIONS LLC                                                   | Lindblad Expeditions LLC                                                         | CUSIP: 53523LAA8<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145293.69    | 0.00%             | 2027-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                  | Amgen Inc                                                                        | CUSIP: 031162DD9<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    500000 | PA      | $476395.02    | 0.01%             | 2029-02-22      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                             | Morgan Stanley                                                                   | CUSIP: 61747YFD2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    925000 | PA      | $939732.15    | 0.02%             | 2029-04-20      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                                     | Mizuho Financial Group Inc                                                       | CUSIP: 60687YCP2<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $205876.71    | 0.00%             | 2029-05-27      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTL INC                                                        | Somnigroup International Inc                                                     | CUSIP: 88023UAH4<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |    250000 | PA      | $237528.23    | 0.01%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                                     | Romania Government International Bonds                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    550000 | PA      | $558379.87    | 0.01%             | 2029-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FAIRFAX INDIA HOLDINGS                                                     | Fairfax India Holdings Corp                                                      | CUSIP: 000000000<br>LEI: 549300K2JHXU7AX7CV78 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $234444.44    | 0.01%             | 2028-02-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78017DAC2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    545000 | PA      | $555558.17    | 0.01%             | 2031-02-04      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| FTAI INFRA ESC HLDGS LLC                                                   | FTAI Infra Escrow Holdings LLC                                                   | CUSIP: 30327TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $211182.67    | 0.00%             | 2027-06-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                                        | Bank of Nova Scotia/The                                                          | CUSIP: 06418GAL1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $199746.15    | 0.00%             | 2028-09-08      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| NEWFOLD DIGITAL HLDGS GR                                                   | Newfold Digital Holdings Group Inc                                               | CUSIP: 650929AA0<br>LEI: 549300UTQC2651SB0W88 | Long             | DBT              | CORP              | US        |    160000 | PA      | $115471.41    | 0.00%             | 2028-10-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                                                   | Constellation Brands Inc                                                         | CUSIP: 21036PBS6<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75339.10     | 0.00%             | 2030-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                                    | SBA Communications Corp                                                          | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              |  | US        |    490000 | PA      | $481271.97    | 0.01%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ITAU UNIBANCO HLDG SA/KY                                                   | Itau Unibanco Holding SA/Cayman Island                                           | CUSIP: 46556W2E9<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | DBT              | CORP              | BR        |    400000 | PA      | $409838.25    | 0.01%             | 2030-02-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| WASTE CONNECTIONS INC                                                      | Waste Connections Inc                                                            | CUSIP: 94106BAA9<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |    190000 | PA      | $176119.09    | 0.00%             | 2030-02-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Gaci First Investment Co.                                                  | Gaci First Investment Co.                                                        | CUSIP: 000000000<br>LEI: 558600TU1PWGNLZ3XM88 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $606681.39    | 0.01%             | 2029-01-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                                        | Charles Schwab Corp/The                                                          | CUSIP: 808513CG8<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    165000 | PA      | $167206.00    | 0.00%             | 2026-08-24      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Murphy Oil USA Inc                                                         | Murphy Oil USA Inc                                                               | CUSIP: 626738AD0<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99805.12     | 0.00%             | 2027-05-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Ventas Realty LP                                                           | Ventas Realty LP                                                                 | CUSIP: 92277GAL1<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              |  | US        |    100000 | PA      | $98948.11     | 0.00%             | 2027-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| SIEMENS FINANCIERINGSMAT                                                   | Siemens Financieringsmaatschappij NV                                             | CUSIP: 82620KBD4<br>LEI: TAFO772JB70PDRN5VS48 | Long             | DBT              | CORP              | NL        |    350000 | PA      | $328596.05    | 0.01%             | 2028-03-11      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                                     | Asian Development Bank                                                           | CUSIP: 045167FL2<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    505000 | PA      | $469777.40    | 0.01%             | 2029-03-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                     | UnitedHealth Group Inc                                                           | CUSIP: 91324PDS8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    320000 | PA      | $300992.89    | 0.01%             | 2029-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                                                    | Stagwell Global LLC                                                              | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |    325000 | PA      | $312499.40    | 0.01%             | 2029-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                                           | Ryder System Inc                                                                 | CUSIP: 78355HKS7<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    110000 | PA      | $106719.24    | 0.00%             | 2026-09-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                                       | Boston Properties LP                                                             | CUSIP: 10112RBB9<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |    250000 | PA      | $236992.93    | 0.01%             | 2029-06-21      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AM9<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $88991.07     | 0.00%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                   | AT&T Inc                                                                         | CUSIP: 00206RJX1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    791000 | PA      | $761666.85    | 0.02%             | 2027-06-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA                                                   | Cooperatieve Rabobank UA                                                         | CUSIP: 74977RDR2<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $400824.98    | 0.01%             | 2028-08-22      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                     | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406RCB1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    350000 | PA      | $356323.39    | 0.01%             | 2031-02-11      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| CGI INC                                                                    | CGI Inc                                                                          | CUSIP: 12532HAK0<br>LEI: 549300WSRCZY73ZG3090 | Long             | DBT              | CORP              | CA        |    215000 | PA      | $217631.97    | 0.00%             | 2030-03-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FOUNDATION BUILDING M                                                      | Foundation Building Materials Inc                                                | CUSIP: 350392AA4<br>LEI: 549300ZVE6MONHB01I28 | Long             | DBT              | CORP              | US        |    125000 | PA      | $117282.33    | 0.00%             | 2029-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140J9D65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    379682 | PA      | $368554.36    | 0.01%             | 2032-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                                                   | Principal Life Global Funding II                                                 | CUSIP: 74256LFB0<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    145000 | PA      | $146814.02    | 0.00%             | 2029-11-27      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SVCS                                                      | Universal Health Services Inc                                                    | CUSIP: 913903BB5<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    160000 | PA      | $157759.56    | 0.00%             | 2029-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| KOREA DEVELOPMENT BANK                                                     | Korea Development Bank/The                                                       | CUSIP: 500630DN5<br>LEI: 549300ML2LNRZUCS7149 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $190217.03    | 0.00%             | 2027-04-25      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| BANCO BRADESCO (CAYMAN)                                                    | Banco Bradesco SA/Cayman Islands                                                 | CUSIP: 05947LBB3<br>LEI: 549300CTUU1RFXHQJE44 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $416839.82    | 0.01%             | 2030-01-22      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| HERC HOLDINGS INC                                                          | Herc Holdings Inc                                                                | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    350000 | PA      | $348576.40    | 0.01%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VIRTUSA CORP                                                               | Virtusa Corp                                                                     | CUSIP: 92837TAA0<br>LEI: C77OMXDER63WLJCSKT03 | Long             | DBT              | CORP              | US        |    115000 | PA      | $109866.13    | 0.00%             | 2028-12-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK                                                   | African Development Bank                                                         | CUSIP: 00828EEP0<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | XX        |    465000 | PA      | $468886.21    | 0.01%             | 2027-11-03      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| INTERPUBLIC GROUP COS                                                      | Interpublic Group of Cos Inc/The                                                 | CUSIP: 460690BP4<br>LEI: 5493008IUOJ5VWTRC333 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100049.13    | 0.00%             | 2028-10-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 3132LKA83<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     10093 | PA      | $9872.45      | 0.00%             | 2030-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ADQ7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151640.25    | 0.00%             | 2030-03-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY FIN                                                     | Berkshire Hathaway Finance Corp                                                  | CUSIP: 084664CU3<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |    150000 | PA      | $135330.13    | 0.00%             | 2030-03-12      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                     | PNC Financial Services Group Inc/The                                             | CUSIP: 693475BK0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    426000 | PA      | $434725.84    | 0.01%             | 2028-12-02      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| AFFINITY INTERACTIVE                                                       | Affinity Interactive                                                             | CUSIP: 00842XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    179000 | PA      | $98812.99     | 0.00%             | 2027-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                              | Citigroup Inc                                                                    | CUSIP: 172967LP4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    880000 | PA      | $865433.91    | 0.02%             | 2028-07-24      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600467.69    | 0.01%             | 2028-10-22      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 3128MMTJ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    141424 | PA      | $137884.02    | 0.00%             | 2030-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                                     | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $214705.35    | 0.00%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                               | Barclays PLC                                                                     | CUSIP: 06738ECP8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $406385.60    | 0.01%             | 2028-03-12      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                                                               | AutoZone Inc                                                                     | CUSIP: 053332AZ5<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    230000 | PA      | $224104.96    | 0.01%             | 2030-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78017DAH1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    330000 | PA      | $334320.72    | 0.01%             | 2031-05-02      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| RR DONNELLEY & SONS CO                                                     | RR Donnelley & Sons Co                                                           | CUSIP: 257867BJ9<br>LEI: SU4X0P4WWRGOQDTSV032 | Long             | DBT              | CORP              | US        |    325000 | PA      | $332361.02    | 0.01%             | 2029-08-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp                                                         | Union Pacific Corp                                                               | CUSIP: 907818CF3<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    160000 | PA      | $171928.50    | 0.00%             | 2029-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING                                                    | DCP Midstream Operating LP                                                       | CUSIP: 23311VAJ6<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    254000 | PA      | $258540.43    | 0.01%             | 2027-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CORP ANDINA DE FOMENTO                                                     | Corp Andina de Fomento                                                           | CUSIP: 219868CL8<br>LEI: UKZ46SXGNYCZK0UOZE76 | Long             | DBT              | NUSS              | XX        |    655000 | PA      | $672253.36    | 0.02%             | 2030-01-22      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                                                    | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92840JAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    285000 | PA      | $269243.76    | 0.01%             | 2030-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| PROVINCE OF SASKATCHEWAN                                                   | Province of Saskatchewan Canada                                                  | CUSIP: 803854KQ0<br>LEI: 549300FKDIB7OJMBSP83 | Long             | DBT              | NUSS              | CA        |     65000 | PA      | $63962.51     | 0.00%             | 2027-06-08      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT BK OF JAPAN                                                    | Development Bank of Japan Inc                                                    | CUSIP: 25159MBK2<br>LEI: 5493001HGBABMWFZUI25 | Long             | DBT              | NUSS              | JP        |    300000 | PA      | $302530.92    | 0.01%             | 2026-09-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BRISTOW GROUP INC                                                          | Bristow Group Inc                                                                | CUSIP: 11040GAA1<br>LEI: 5493005Q24EN3UC1PV68 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135394.60    | 0.00%             | 2028-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                            | CVS Health Corp                                                                  | CUSIP: 126650EB2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    315000 | PA      | $323237.63    | 0.01%             | 2029-06-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                                  | IQVIA Inc                                                                        | CUSIP: 46266TAD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206466.69    | 0.00%             | 2030-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Enel Chile SA                                                              | Enel Chile SA                                                                    | CUSIP: 29278DAA3<br>LEI: 549300YM5CWCAUVOPB53 | Long             | DBT              | CORP              | CL        |    415000 | PA      | $417400.74    | 0.01%             | 2028-06-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                                         | Banco Santander SA                                                               | CUSIP: 05964HBA2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    210000 | PA      | $212931.94    | 0.00%             | 2028-03-14      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CKR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25511000 | PA      | $25733224.79  | 0.58%             | 2027-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VERTIV GROUP CORPORATION                                                   | Vertiv Group Corp                                                                | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |    275000 | PA      | $267343.17    | 0.01%             | 2028-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                     | Standard Chartered PLC                                                           | CUSIP: 853254CN8<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    230000 | PA      | $245029.24    | 0.01%             | 2028-11-16      | Fixed         | 7.77%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY FINANCE                                                     | Alliant Energy Finance LLC                                                       | CUSIP: 01882YAE6<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |    145000 | PA      | $151455.24    | 0.00%             | 2029-03-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| TJX COS INC                                                                | TJX Cos Inc/The                                                                  | CUSIP: 872540AQ2<br>LEI: V167QI9I69W364E2DY52 | Long             | DBT              | CORP              | US        |    265000 | PA      | $259309.64    | 0.01%             | 2026-09-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                                    | International Bank for Reconstruction & Development                              | CUSIP: 459058HJ5<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    780000 | PA      | $712832.95    | 0.02%             | 2029-10-23      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED BK/NY                                                   | Standard Chartered Bank/New York                                                 | CUSIP: 85325X2B1<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $252385.51    | 0.01%             | 2027-12-03      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                                    | Inter-American Development Bank                                                  | CUSIP: 4581X0DG0<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   1150000 | PA      | $1079338.42   | 0.02%             | 2029-06-18      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                                                      | Keysight Technologies Inc                                                        | CUSIP: 49338LAF0<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |    160000 | PA      | $149927.96    | 0.00%             | 2029-10-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KB HOME                                                                    | KB Home                                                                          | CUSIP: 48666KBA6<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154376.13    | 0.00%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| KOMMUNALBANKEN AS                                                          | Kommunalbanken AS                                                                | CUSIP: 50048MDJ6<br>LEI: I7ETN0QQO2AHZZGHJ389 | Long             | DBT              | NUSS              | NO        |     55000 | PA      | $55011.72     | 0.00%             | 2028-01-19      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE HOLDINGS FINA                                                   | Blackstone Holdings Finance Co LLC                                               | CUSIP: 09261BAC4<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |    180000 | PA      | $166111.95    | 0.00%             | 2028-08-05      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTIVE INC                                                       | Sonic Automotive Inc                                                             | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |    190000 | PA      | $182727.23    | 0.00%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| PRICOA GLOBAL FUNDING 1                                                    | Pricoa Global Funding I                                                          | CUSIP: 74153WCW7<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150860.96    | 0.00%             | 2030-05-28      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                                       | Keurig Dr Pepper Inc                                                             | CUSIP: 49271VAW0<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126194.95    | 0.00%             | 2027-03-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| SK BATTERY AMERICA INC                                                     | SK Battery America Inc                                                           | CUSIP: 000000000<br>LEI: 54930012FBFVNU7RWO57 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200362.83    | 0.00%             | 2027-01-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MARATHON PETROLEUM CORP                                                    | Marathon Petroleum Corp                                                          | CUSIP: 56585ABK7<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |    315000 | PA      | $320925.46    | 0.01%             | 2030-03-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                                   | National Rural Utilities Cooperative Finance Corp                                | CUSIP: 637432NV3<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    150000 | PA      | $137394.66    | 0.00%             | 2030-03-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                                                     | CNH Industrial Capital LLC                                                       | CUSIP: 12592BAM6<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    185000 | PA      | $179655.00    | 0.00%             | 2026-07-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| USAA CAPITAL CORP                                                          | USAA Capital Corp                                                                | CUSIP: 90327QD97<br>LEI: 5493007XLF4LU3U2W757 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152610.12    | 0.00%             | 2027-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEWMONT / NEWCREST FIN                                                     | Newmont Corp / Newcrest Finance Pty Ltd                                          | CUSIP: 65163LAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $170673.83    | 0.00%             | 2030-05-13      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                         | Energy Transfer LP                                                               | CUSIP: 29273VAZ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    310000 | PA      | $316928.52    | 0.01%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GULF INTERNATIONAL BANK                                                    | Gulf International Bank BSC                                                      | CUSIP: 000000000<br>LEI: 558600JW2XPMLG97TV14 | Long             | DBT              | CORP              | BH        |    200000 | PA      | $205887.25    | 0.00%             | 2029-06-05      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KKR GRP FIN CO VI LLC                                                      | KKR Group Finance Co VI LLC                                                      | CUSIP: 48252AAA9<br>LEI: 549300TUJWGHJM3FSJ07 | Long             | DBT              | CORP              | US        |    240000 | PA      | $233386.17    | 0.01%             | 2029-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                      | Wells Fargo Commercial Mortgage Trust 2016-C35                                   | CUSIP: 95000FAT3<br>LEI: 549300MZIB10PDVAE312 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $980941.33    | 0.02%             | 2048-07-15      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| SYNAPTICS INC                                                              | Synaptics Inc                                                                    | CUSIP: 87157DAG4<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |    125000 | PA      | $117875.81    | 0.00%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ORIX CORP                                                                  | ORIX Corp                                                                        | CUSIP: 686330AS0<br>LEI: 35380016EMHNBOVYE123 | Long             | DBT              | CORP              | JP        |    220000 | PA      | $220613.86    | 0.00%             | 2029-09-10      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| OMEGA HLTHCARE INVESTORS                                                   | Omega Healthcare Investors Inc                                                   | CUSIP: 681936BP4<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              |  | US        |     75000 | PA      | $75225.88     | 0.00%             | 2030-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EXY0<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100383.13    | 0.00%             | 2027-01-08      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XEH5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    470000 | PA      | $483262.64    | 0.01%             | 2028-06-23      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                                                     | ConocoPhillips Co                                                                | CUSIP: 20826FBJ4<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    380000 | PA      | $384318.27    | 0.01%             | 2030-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| FELLS POINT FUNDING TR                                                     | Fells Point Funding Trust                                                        | CUSIP: 314382AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    152000 | PA      | $148542.24    | 0.00%             | 2027-01-31      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                   | AT&T Inc                                                                         | CUSIP: 00206RHJ4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    900000 | PA      | $897195.29    | 0.02%             | 2029-03-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                    | MPLX LP                                                                          | CUSIP: 55336VAS9<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    235000 | PA      | $236483.57    | 0.01%             | 2029-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ABU DHABI COMMERCIAL BNK                                                   | Abu Dhabi Commercial Bank PJSC                                                   | CUSIP: 000000000<br>LEI: 213800RWVKKIRX1AUH58 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $196470.25    | 0.00%             | 2027-03-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Textron Inc                                                                | Textron Inc                                                                      | CUSIP: 883203BX8<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |    175000 | PA      | $172410.06    | 0.00%             | 2027-03-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                                   | Rogers Communications Inc                                                        | CUSIP: 775109DG3<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $102372.08    | 0.00%             | 2055-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BWX TECHNOLOGIES INC                                                       | BWX Technologies Inc                                                             | CUSIP: 05605HAC4<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |    125000 | PA      | $120016.60    | 0.00%             | 2029-04-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| FORESIGHT ENERGY LLC                                                       | FORESIGHT ENERGY LLC                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       112 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| AMCOR GROUP FINANCE                                                        | Amcor Group Finance PLC                                                          | CUSIP: 02344BAA4<br>LEI: 2549008XHB8M1L64J275 | Long             | DBT              | CORP              | GB        |    182000 | PA      | $187203.15    | 0.00%             | 2029-05-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                                                      | Hightower Holding LLC                                                            | CUSIP: 43118DAA8<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99512.58     | 0.00%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HYSAN MTN LTD                                                              | Hysan MTN Ltd                                                                    | CUSIP: 000000000<br>LEI: 2549006HEQ2V3JUMNQ45 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $191747.67    | 0.00%             | 2027-06-02      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate Lending                                      | Cantor Commercial Real Estate Lending 2019-CF2                                   | CUSIP: 12528YAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $463926.25    | 0.01%             | 2052-11-15      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                     | Standard Chartered PLC                                                           | CUSIP: 853254CG3<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    555000 | PA      | $539084.07    | 0.01%             | 2028-01-12      | Fixed         | 2.61%                 | No            |                  2 | On Loan: No      |
| ACADEMY LTD                                                                | Academy Ltd                                                                      | CUSIP: 00401YAA8<br>LEI: 549300BN53IR80C35Z14 | Long             | DBT              | CORP              | US        |    132000 | PA      | $132084.92    | 0.00%             | 2027-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PITNEY BOWES INC                                                           | Pitney Bowes Inc                                                                 | CUSIP: 724479AQ3<br>LEI: 549300N2O26NW4ST6W55 | Long             | DBT              | CORP              | US        |    105000 | PA      | $105398.54    | 0.00%             | 2029-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                                             | Lowe's Cos Inc                                                                   | CUSIP: 548661AK3<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |     80000 | PA      | $85507.64     | 0.00%             | 2029-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                | BNP Paribas SA                                                                   | CUSIP: 09659W2M5<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    255000 | PA      | $240520.77    | 0.01%             | 2028-09-30      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                | Prologis LP                                                                      | CUSIP: 74340XBN0<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |     80000 | PA      | $77150.17     | 0.00%             | 2027-04-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Northwest Pipeline LLC                                                     | Northwest Pipeline LLC                                                           | CUSIP: 66775VAB1<br>LEI: 549300FFKMN9OW536A14 | Long             | DBT              | CORP              | US        |    135000 | PA      | $133775.96    | 0.00%             | 2027-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                                                          | Sysco Corp                                                                       | CUSIP: 871829BC0<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    392000 | PA      | $387566.84    | 0.01%             | 2026-07-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| SGSP AUSTRALIA ASSETS                                                      | SGSP Australia Assets Pty Ltd                                                    | CUSIP: 000000000<br>LEI: 254900BJJ12X7PJT5072 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $197329.99    | 0.00%             | 2026-07-29      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ANZ NEW ZEALAND INTL/LDN                                                   | ANZ New Zealand Int'l Ltd/London                                                 | CUSIP: 00182EBM0<br>LEI: 213800VD256NU2D97H12 | Long             | DBT              | CORP              | NZ        |    200000 | PA      | $183973.28    | 0.00%             | 2030-02-13      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Capital One Prime Auto Receivables Trust                                   | Capital One Prime Auto Receivables Trust 2024-1                                  | CUSIP: 14043NAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $502035.84    | 0.01%             | 2029-07-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NESTLE HOLDINGS INC                                                        | Nestle Holdings Inc                                                              | CUSIP: 641062BB9<br>LEI: 549300EAEU8YV8MQXP30 | Long             | DBT              | CORP              | US        |    225000 | PA      | $224912.82    | 0.01%             | 2027-10-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| GLOBE LIFE INC                                                             | Globe Life Inc                                                                   | CUSIP: 891027AS3<br>LEI: 5493001JFHKQOPP6XA71 | Long             | DBT              | CORP              | US        |    205000 | PA      | $205100.47    | 0.00%             | 2028-09-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                                  | Apple Inc                                                                        | CUSIP: 037833EN6<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    325000 | PA      | $314627.11    | 0.01%             | 2029-08-08      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FORTUNE STAR BVI LTD                                                       | Fortune Star BVI Ltd                                                             | CUSIP: 000000000<br>LEI: 2549008CU8NYQQRSNU62 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $205160.61    | 0.00%             | 2028-05-19      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                     | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822BM5<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    500000 | PA      | $476677.81    | 0.01%             | 2029-07-18      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                     | Federal Home Loan Banks                                                          | CUSIP: 3130AEB25<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $982553.92    | 0.02%             | 2028-06-09      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                                       | LifePoint Health Inc                                                             | CUSIP: 53219LAU3<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    150000 | PA      | $140839.25    | 0.00%             | 2029-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| Brink's Co/The                                                             | Brink's Co/The                                                                   | CUSIP: 109696AA2<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    225000 | PA      | $221799.71    | 0.01%             | 2027-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BOOKING HOLDINGS INC                                                       | Booking Holdings Inc                                                             | CUSIP: 09857LAR9<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |    450000 | PA      | $454532.21    | 0.01%             | 2030-04-13      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                                     | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    165000 | PA      | $160083.70    | 0.00%             | 2027-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEOGEN FOOD SAFE CORP                                                      | Neogen Food Safety Corp                                                          | CUSIP: 365417AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     54000 | PA      | $54542.76     | 0.00%             | 2030-07-20      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                                                        | Carrier Global Corp                                                              | CUSIP: 14448CAP9<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    380000 | PA      | $369670.64    | 0.01%             | 2027-02-15      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                       | Bank of America Corp                                                             | CUSIP: 06051GMK2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    900000 | PA      | $910839.74    | 0.02%             | 2029-01-24      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| AIRPORT AUTHORITY HK                                                       | Airport Authority                                                                | CUSIP: 000000000<br>LEI: 254900748HGC4RBR4O84 | Long             | DBT              | NUSS              | HK        |    200000 | PA      | $189114.28    | 0.00%             | 2028-03-08      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| NARRAGANSETT ELECTRIC                                                      | Narragansett Electric Co/The                                                     | CUSIP: 631005BH7<br>LEI: VAI0KZ806W8MCH0BCZ61 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4901.90      | 0.00%             | 2028-08-01      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                                                   | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     96000 | PA      | $96048.55     | 0.00%             | 2027-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                   | Florida Power & Light Co                                                         | CUSIP: 341081GK7<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    535000 | PA      | $545783.17    | 0.01%             | 2028-04-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                                                     | Marriott International Inc/MD                                                    | CUSIP: 571903BL6<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    245000 | PA      | $248027.04    | 0.01%             | 2029-04-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                                                         | Macquarie Bank Ltd                                                               | CUSIP: 55608PBT0<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |    245000 | PA      | $249008.89    | 0.01%             | 2027-07-02      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                                             | Starbucks Corp                                                                   | CUSIP: 855244BN8<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75237.84     | 0.00%             | 2028-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SNAM SPA                                                                   | Snam SpA                                                                         | CUSIP: 83304JAA5<br>LEI: 8156002278562044AF79 | Long             | DBT              | CORP              | IT        |    200000 | PA      | $201160.83    | 0.00%             | 2030-05-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS                                                     | Galaxy Pipeline Assets Bidco Ltd                                                 | CUSIP: 000000000<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |    160685 | PA      | $155304.56    | 0.00%             | 2027-09-30      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                             | Morgan Stanley                                                                   | CUSIP: 6174467Y9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    600000 | PA      | $598420.62    | 0.01%             | 2026-09-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| SM Energy Co                                                               | SM Energy Co                                                                     | CUSIP: 78454LAP5<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    235000 | PA      | $234812.32    | 0.01%             | 2027-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| STONEMOR INC                                                               | StoneMor Inc                                                                     | CUSIP: 86184WAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $118562.90    | 0.00%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                                             | Azorra Finance Ltd                                                               | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    170000 | PA      | $176991.58    | 0.00%             | 2030-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                                    | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    432000 | PA      | $422909.02    | 0.01%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| JSC KASPI.KZ                                                               | JSC Kaspi.kz                                                                     | CUSIP: 000000000<br>LEI: 2549003YU6FARG8OAZ13 | Long             | DBT              | CORP              | KZ        |    200000 | PA      | $203867.35    | 0.00%             | 2030-03-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AUTOMATIC DATA PROCESSNG                                                   | Automatic Data Processing Inc                                                    | CUSIP: 053015AG8<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | DBT              | CORP              | US        |    250000 | PA      | $234419.05    | 0.01%             | 2028-05-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                                            | BAE Systems PLC                                                                  | CUSIP: 05523RAJ6<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    380000 | PA      | $388890.22    | 0.01%             | 2029-03-26      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                             | Home Depot Inc/The                                                               | CUSIP: 437076CN0<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    290000 | PA      | $283714.11    | 0.01%             | 2027-04-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                                             | Open Text Corp                                                                   | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    340000 | PA      | $351096.73    | 0.01%             | 2027-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| QUEST DIAGNOSTICS INC                                                      | Quest Diagnostics Inc                                                            | CUSIP: 74834LBF6<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |    190000 | PA      | $191009.99    | 0.00%             | 2029-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FORD OTOMOTIV SANAYI AS                                                    | Ford Otomotiv Sanayi AS                                                          | CUSIP: 000000000<br>LEI: 7890006XJG6ZE2H34671 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $201639.32    | 0.00%             | 2029-04-25      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| GUARDIAN LIFE GLOB FUND                                                    | Guardian Life Global Funding                                                     | CUSIP: 40139LBJ1<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123777.86    | 0.00%             | 2029-09-26      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                                                     | Brookfield Finance Inc                                                           | CUSIP: 11271LAE2<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $197454.47    | 0.00%             | 2030-04-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                                                | Southern Co/The                                                                  | CUSIP: 842587CV7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    565000 | PA      | $558842.05    | 0.01%             | 2026-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AHP HEALTH PARTN                                                           | AHP Health Partners Inc                                                          | CUSIP: 00150LAB7<br>LEI: 549300QMM8MQ6SM5KX05 | Long             | DBT              | CORP              | US        |     95000 | PA      | $91755.85     | 0.00%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                             | Morgan Stanley Capital I Trust 2019-L3                                           | CUSIP: 61691UBJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125000 | PA      | $113864.29    | 0.00%             | 2052-11-15      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| BLOCK COMMUNICATIONS INC                                                   | Block Communications Inc                                                         | CUSIP: 093645AJ8<br>LEI: M5G68A9OHJWIL4SFC742 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94117.78     | 0.00%             | 2028-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ILLUMINA INC                                                               | Illumina Inc                                                                     | CUSIP: 452327AP4<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |    130000 | PA      | $132864.24    | 0.00%             | 2027-12-13      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                                                    | Nationwide Building Society                                                      | CUSIP: 63859UBH5<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    345000 | PA      | $333201.90    | 0.01%             | 2026-10-13      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Enel Americas SA                                                           | Enel Americas SA                                                                 | CUSIP: 29274FAF1<br>LEI: 549300LKH11TFCJLZK20 | Long             | DBT              | CORP              | CL        |    244000 | PA      | $242141.16    | 0.01%             | 2026-10-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                                    | American Electric Power Co Inc                                                   | CUSIP: 025537AJ0<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |     80000 | PA      | $77878.26     | 0.00%             | 2027-11-13      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                                     | Comstock Resources Inc                                                           | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    290000 | PA      | $273602.09    | 0.01%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CORP ANDINA DE FOMENTO                                                     | Corp Andina de Fomento                                                           | CUSIP: 219868CK0<br>LEI: UKZ46SXGNYCZK0UOZE76 | Long             | DBT              | NUSS              | XX        |    560000 | PA      | $558383.63    | 0.01%             | 2028-01-07      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                                   | Olympus Water US Holding Corp                                                    | CUSIP: 16308NAA2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |     95000 | PA      | $96528.44     | 0.00%             | 2027-10-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GLOBAL                                                   | Sammons Financial Group Global Funding                                           | CUSIP: 79587J2A0<br>LEI: 635400IPRNPM6HDHRS48 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127073.04    | 0.00%             | 2029-12-10      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138MKSW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     52538 | PA      | $51532.04     | 0.00%             | 2028-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| 3M COMPANY                                                                 | 3M Co                                                                            | CUSIP: 88579YBQ3<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176838.40    | 0.00%             | 2030-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                       | OneMain Finance Corp                                                             | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    245000 | PA      | $250186.45    | 0.01%             | 2029-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                   | Celanese US Holdings LLC                                                         | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    399000 | PA      | $409341.80    | 0.01%             | 2027-07-15      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140J9W56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    117371 | PA      | $114919.95    | 0.00%             | 2032-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Group Inc                                                   | Liberty Mutual Group Inc                                                         | CUSIP: 53079EBG8<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    330000 | PA      | $329513.88    | 0.01%             | 2029-02-01      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| TEAM HEALTH HOLDINGS INC                                                   | Team Health Holdings Inc                                                         | CUSIP: 87817AAE7<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55267.98     | 0.00%             | 2028-06-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ADC8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    210000 | PA      | $213596.99    | 0.00%             | 2029-06-24      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                      | Truist Financial Corp                                                            | CUSIP: 89788MAU6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    350000 | PA      | $354844.00    | 0.01%             | 2031-05-20      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                                                   | Intercontinental Exchange Inc                                                    | CUSIP: 45866FAV6<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    400000 | PA      | $400259.12    | 0.01%             | 2029-06-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST LP                                                    | Digital Realty Trust LP                                                          | CUSIP: 25389JAV8<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              |  | US        |    338000 | PA      | $345834.38    | 0.01%             | 2028-01-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                                                      | Blue Owl Capital Corp                                                            | CUSIP: 69121KAF1<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    180000 | PA      | $173403.67    | 0.00%             | 2027-01-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140X4Z66<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     19782 | PA      | $19655.53     | 0.00%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                                                   | Ferrellgas LP / Ferrellgas Finance Corp                                          | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $230861.83    | 0.01%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                                               | Entegris Inc                                                                     | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    480000 | PA      | $470088.70    | 0.01%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC                                                    | Consolidated Edison Co of New York Inc                                           | CUSIP: 209111FS7<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124072.60    | 0.00%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                                                       | Lockheed Martin Corp                                                             | CUSIP: 539830CL1<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    195000 | PA      | $194384.01    | 0.00%             | 2030-08-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| L-BANK BW FOERDERBANK                                                      | Landeskreditbank Baden-Wuerttemberg Foerderbank                                  | CUSIP: 000000000<br>LEI: 0SK1ILSPWNVBNQWU0W18 | Long             | DBT              | CORP              | DE        |     65000 | PA      | $65536.70     | 0.00%             | 2028-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ARCHER-DANIELS-MIDLAND C                                                   | Archer-Daniels-Midland Co                                                        | CUSIP: 039482AB0<br>LEI: 549300LO13MQ9HYSTR83 | Long             | DBT              | CORP              | US        |    305000 | PA      | $289835.47    | 0.01%             | 2030-03-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CSX Corp                                                                   | CSX Corp                                                                         | CUSIP: 126408HJ5<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    320000 | PA      | $316241.05    | 0.01%             | 2028-03-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                                                     | Morgan Stanley Bank NA                                                           | CUSIP: 61690U7W4<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509040.53    | 0.01%             | 2026-10-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                                                  | Prosus NV                                                                        | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $391066.52    | 0.01%             | 2027-01-19      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| Kuwait International Government Bonds                                      | Kuwait International Government Bonds                                            | CUSIP: 000000000<br>LEI: 549300FSC1YD0D9XX589 | Long             | DBT              | NUSS              | KW        |   1400000 | PA      | $1379118.97   | 0.03%             | 2027-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                                                     | Aviation Capital Group LLC                                                       | CUSIP: 05369AAN1<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    280000 | PA      | $290336.64    | 0.01%             | 2028-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                                                                | PNC Bank NA                                                                      | CUSIP: 69349LAS7<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |    250000 | PA      | $232359.12    | 0.01%             | 2029-10-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Protective Life Corp                                                       | Protective Life Corp                                                             | CUSIP: 743674BD4<br>LEI: 549300ZWIT8J8Y2EXL07 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14873.19     | 0.00%             | 2028-09-30      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                                                   | Devon Energy Corp                                                                | CUSIP: 25179MBE2<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50003.23     | 0.00%             | 2028-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                                                   | Constellation Brands Inc                                                         | CUSIP: 21036PBF4<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    150000 | PA      | $138616.84    | 0.00%             | 2030-05-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EWZ8<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303958.47    | 0.01%             | 2030-06-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PRAIRIE ACQUIROR LP                                                        | Prairie Acquiror LP                                                              | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129584.02    | 0.00%             | 2029-08-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CBB International Sukuk Programme Co. WLL                                  | CBB International Sukuk Programme Co. WLL                                        | CUSIP: 000000000<br>LEI: 5493006IRJ2IWXTNIM16 | Long             | DBT              | NUSS              | BH        |    200000 | PA      | $196598.40    | 0.00%             | 2027-03-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Corp. Nacional del Cobre de Chile                                          | Corp. Nacional del Cobre de Chile                                                | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    600000 | PA      | $587797.48    | 0.01%             | 2027-08-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC                                                          | General Mills Inc                                                                | CUSIP: 370334DA9<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |    260000 | PA      | $263248.47    | 0.01%             | 2030-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                                        | Bank of Nova Scotia/The                                                          | CUSIP: 06418GAD9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    205000 | PA      | $210307.99    | 0.00%             | 2028-06-12      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NCB TIER 1 SUKUK LTD                                                       | NCB Tier 1 Sukuk Ltd                                                             | CUSIP: 000000000<br>LEI: 549300DJLY2JZABDD193 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $388952.52    | 0.01%             | 2026-07-26      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PETRONAS ENERGY CANADA                                                     | Petronas Energy Canada Ltd                                                       | CUSIP: 000000000<br>LEI: 5493001PEB90YGTDC638 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $188749.23    | 0.00%             | 2028-03-23      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                                   | RTX Corp                                                                         | CUSIP: 913017BA6<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    125000 | PA      | $138564.75    | 0.00%             | 2029-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING                                                         | CNO Global Funding                                                               | CUSIP: 18977W2G4<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135716.37    | 0.00%             | 2027-12-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                         | Ally Financial Inc                                                               | CUSIP: 02005NBP4<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    220000 | PA      | $203034.23    | 0.00%             | 2028-11-02      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                     | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822DK7<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $204221.15    | 0.00%             | 2031-04-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| ALPEK SA DE CV                                                             | Alpek SAB de CV                                                                  | CUSIP: 000000000<br>LEI: 549300PWKJTP62D4IQ66 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $187467.29    | 0.00%             | 2029-09-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                       | Bank of America Corp                                                             | CUSIP: 06051GGC7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    345000 | PA      | $342925.37    | 0.01%             | 2027-11-25      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| POWER FINANCE CORP LTD                                                     | Power Finance Corp Ltd                                                           | CUSIP: 000000000<br>LEI: 3358003Q6D9LIJJZ1614 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $197990.58    | 0.00%             | 2029-06-18      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KOREA                                                          | Korea International Bond                                                         | CUSIP: 50064FAX2<br>LEI: 549300O0QCVSQGPGDT58 | Long             | DBT              | NUSS              | KR        |    400000 | PA      | $404665.66    | 0.01%             | 2029-07-03      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KUWAIT PROJECTS CO SPC L                                                   | Kuwait Projects Co SPC Ltd                                                       | CUSIP: 000000000<br>LEI: 254900BQTJEWBK1TAN59 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $188153.14    | 0.00%             | 2026-10-29      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY FLORIDA LLC                                                    | Duke Energy Florida LLC                                                          | CUSIP: 26444HAJ0<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |    150000 | PA      | $132139.07    | 0.00%             | 2030-06-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                                                   | Brandywine Operating Partnership LP                                              | CUSIP: 105340AQ6<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |    125000 | PA      | $120523.52    | 0.00%             | 2027-11-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP                                                     | Bunge Ltd Finance Corp                                                           | CUSIP: 120568BG4<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |    270000 | PA      | $264838.40    | 0.01%             | 2026-04-21      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                         | Energy Transfer LP                                                               | CUSIP: 29273VAR1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    260000 | PA      | $264572.59    | 0.01%             | 2026-12-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                                                    | Corebridge Global Funding                                                        | CUSIP: 00138CAX6<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112069.36    | 0.00%             | 2029-01-12      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds                          | Argentina Republic Government International Bonds                                | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    160000 | PA      | $123200.00    | 0.00%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| SONOCO PRODUCTS CO                                                         | Sonoco Products Co                                                               | CUSIP: 835495AN2<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |    195000 | PA      | $188116.98    | 0.00%             | 2027-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                                   | National Rural Utilities Cooperative Finance Corp                                | CUSIP: 63743HFT4<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |     95000 | PA      | $94635.48     | 0.00%             | 2027-09-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 3128MMU35<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     61425 | PA      | $59615.56     | 0.00%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                                                   | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $270880.00    | 0.01%             | 2028-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MEDTRONIC GLOBAL HLDINGS                                                   | Medtronic Global Holdings SCA                                                    | CUSIP: 58507LBB4<br>LEI: 549300JXMTTP8GKYIX14 | Long             | DBT              | CORP              | LU        |    265000 | PA      | $264966.56    | 0.01%             | 2028-03-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                   | Mars Inc                                                                         | CUSIP: 571676AJ4<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    185000 | PA      | $179076.63    | 0.00%             | 2026-07-16      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                   | EQT Corp                                                                         | CUSIP: 26884LBG3<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152645.59    | 0.00%             | 2027-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                           | Deutsche Bank AG/New York NY                                                     | CUSIP: 25160PAM9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    255000 | PA      | $260194.58    | 0.01%             | 2027-09-09      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ACJ4<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    155000 | PA      | $160133.82    | 0.00%             | 2030-06-26      | Fixed         | 5.70%                 | No            |                  2 | On Loan: —       |
| BRINKER INTERNATIONAL IN                                                   | Brinker International Inc                                                        | CUSIP: 109641AK6<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |    100000 | PA      | $106104.01    | 0.00%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| JERA CO INC                                                                | JERA Co Inc                                                                      | CUSIP: 000000000<br>LEI: 353800OO5E7W1FV1SB75 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $196651.75    | 0.00%             | 2027-04-14      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| EQUITABLE AMERICA GLOBAL                                                   | Equitable America Global Funding                                                 | CUSIP: 29446Q2B8<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251981.33    | 0.01%             | 2030-06-09      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CLIFFORD CAP CREDIT SLN                                                    | Clifford Capital Credit Solutions Pte Ltd                                        | CUSIP: 000000000<br>LEI: 549300H4QHGSBXBALF78 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $204604.52    | 0.00%             | 2030-01-14      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIAL LIFE                                                   | Equitable Financial Life Global Funding                                          | CUSIP: 29449WAL1<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |    265000 | PA      | $255542.86    | 0.01%             | 2026-11-12      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| GREENFIRE RESOURCES LTD                                                    | Greenfire Resources Ltd                                                          | CUSIP: 39525UAA5<br>LEI: 254900MTS0G2VGMJW059 | Long             | DBT              | CORP              | CA        |     69000 | PA      | $72621.17     | 0.00%             | 2028-10-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                       | Bank of America Corp                                                             | CUSIP: 06051GKJ7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    645000 | PA      | $626573.31    | 0.01%             | 2028-02-04      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                                          | Eversource Energy                                                                | CUSIP: 30040WAQ1<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    213000 | PA      | $207581.04    | 0.00%             | 2027-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                      | Wells Fargo Commercial Mortgage Trust 2018-C43                                   | CUSIP: 95001LAX0<br>LEI: 549300RVQJTKIK3XGD11 | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $486115.23    | 0.01%             | 2051-03-15      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| SPRINT SPECTRUM / SPEC I                                                   | Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC  | CUSIP: 85208NAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    286000 | PA      | $286875.68    | 0.01%             | 2028-03-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                       | Bank of America Corp                                                             | CUSIP: 06051GHV4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    740000 | PA      | $703978.51    | 0.02%             | 2030-07-23      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| INTL DEVELOPMENT ASSOC                                                     | International Development Association                                            | CUSIP: 000000000<br>LEI: P41R60HC414IWQA1XW02 | Long             | DBT              | NUSS              | XX        |    350000 | PA      | $329551.31    | 0.01%             | 2027-06-10      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                      | Wells Fargo & Co                                                                 | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    910000 | PA      | $920214.90    | 0.02%             | 2029-04-23      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                      | Tenet Healthcare Corp                                                            | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    625000 | PA      | $630838.31    | 0.01%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIE                                                   | Compass Group Diversified Holdings LLC                                           | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |    300000 | PA      | $278635.02    | 0.01%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                        | Southern California Edison Co                                                    | CUSIP: 842400GQ0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    195000 | PA      | $190821.89    | 0.00%             | 2029-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD                                                        | Macquarie Group Ltd                                                              | CUSIP: 55608JAX6<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |    160000 | PA      | $152828.69    | 0.00%             | 2028-04-14      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                      | Toronto-Dominion Bank/The                                                        | CUSIP: 89115A2S0<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    610000 | PA      | $616228.58    | 0.01%             | 2026-07-17      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                                   | Acadia Healthcare Co Inc                                                         | CUSIP: 00404AAN9<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148086.08    | 0.00%             | 2028-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PEDIATRIX MEDICAL GROUP                                                    | Pediatrix Medical Group Inc                                                      | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $122389.88    | 0.00%             | 2030-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                   | Avolon Holdings Funding Ltd                                                      | CUSIP: 05401AAR2<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    739000 | PA      | $703113.07    | 0.02%             | 2027-11-18      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| APOLLO CMMRL REAL EST FI                                                   | Apollo Commercial Real Estate Finance Inc                                        | CUSIP: 03762UAD7<br>LEI: 549300E0AN7M2AQHSY29 | Long             | DBT              |  | US        |    150000 | PA      | $142447.50    | 0.00%             | 2029-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| EXELON CORP                                                                | Exelon Corp                                                                      | CUSIP: 30161NBB6<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    320000 | PA      | $311519.22    | 0.01%             | 2027-03-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY PARTNERS LL                                                   | Viper Energy Partners LLC                                                        | CUSIP: 92764MAA2<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59799.61     | 0.00%             | 2030-08-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                                     | WESCO Distribution Inc                                                           | CUSIP: 95081QAQ7<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    280000 | PA      | $287117.74    | 0.01%             | 2029-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SYSTEM ENERGY RESOURCES                                                    | System Energy Resources Inc                                                      | CUSIP: 871911AU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    353000 | PA      | $365476.41    | 0.01%             | 2028-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CMN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14839000 | PA      | $14961885.47  | 0.34%             | 2028-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTERNATIONAL                                                     | American International Group Inc                                                 | CUSIP: 026874DW4<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151987.40    | 0.00%             | 2030-05-07      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                                   | Sri Lanka Government International Bonds                                         | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    317238 | PA      | $301007.16    | 0.01%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132CWC85<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    155266 | PA      | $152961.85    | 0.00%             | 2034-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                | Prologis LP                                                                      | CUSIP: 74340XBV2<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |    435000 | PA      | $426237.25    | 0.01%             | 2027-12-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                                    | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAG0<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124054.36    | 0.00%             | 2027-09-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                                   | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AF8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295906.91    | 0.01%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ZIGGO BOND CO BV                                                           | Ziggo Bond Co BV                                                                 | CUSIP: 98953GAD7<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |    150000 | PA      | $130915.30    | 0.00%             | 2030-02-28      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                                   | National Rural Utilities Cooperative Finance Corp                                | CUSIP: 63743HFK3<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111420.48    | 0.00%             | 2026-11-13      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                      | Wells Fargo Commercial Mortgage Trust 2018-C47                                   | CUSIP: 95002DBR9<br>LEI: 549300VHRKFNCWVN9Y77 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $983058.71    | 0.02%             | 2061-09-15      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| Pfizer Inc                                                                 | Pfizer Inc                                                                       | CUSIP: 717081ET6<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    560000 | PA      | $546388.21    | 0.01%             | 2029-03-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                               | UBS Group AG                                                                     | CUSIP: 225401AP3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    900000 | PA      | $879829.59    | 0.02%             | 2031-04-01      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                                   | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    225000 | PA      | $231606.20    | 0.01%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                   | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668CQ3<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    190000 | PA      | $192821.35    | 0.00%             | 2030-03-27      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| America Movil SAB de CV                                                    | America Movil SAB de CV                                                          | CUSIP: 02364WBH7<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    320000 | PA      | $308819.16    | 0.01%             | 2029-04-22      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                     | Philip Morris International Inc                                                  | CUSIP: 718172CV9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    563000 | PA      | $571652.05    | 0.01%             | 2027-11-17      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                                                                 | VMware LLC                                                                       | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    495000 | PA      | $479512.74    | 0.01%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                                             | NRG Energy Inc                                                                   | CUSIP: 629377CL4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    105000 | PA      | $103254.33    | 0.00%             | 2029-06-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                         | Energy Transfer LP                                                               | CUSIP: 29273VAP5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    475000 | PA      | $486823.29    | 0.01%             | 2028-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| OAKTREE STRATEGIC CREDIT                                                   | Oaktree Strategic Credit Fund                                                    | CUSIP: 67403AAF6<br>LEI: 2549006RRE0JC7G43241 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50268.47     | 0.00%             | 2030-07-15      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                   | Caterpillar Financial Services Corp                                              | CUSIP: 14913UAU4<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    285000 | PA      | $289251.43    | 0.01%             | 2029-11-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                        | Southern California Edison Co                                                    | CUSIP: 842400GU1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    150000 | PA      | $132347.29    | 0.00%             | 2030-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CARD CO LTD                                                        | Hyundai Card Co Ltd                                                              | CUSIP: 000000000<br>LEI: 988400S1WSELQL3GVR75 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $206819.71    | 0.00%             | 2029-04-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                                | BBCMS Trust 2021-C10                                                             | CUSIP: 05551VBG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $465654.47    | 0.01%             | 2054-07-15      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| AVALONBAY COMMUNITIES                                                      | AvalonBay Communities Inc                                                        | CUSIP: 053484AC5<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              |  | US        |    150000 | PA      | $138951.42    | 0.00%             | 2028-12-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                                        | Bank of Nova Scotia/The                                                          | CUSIP: 06417XAP6<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    375000 | PA      | $379810.49    | 0.01%             | 2030-02-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                                       | Keurig Dr Pepper Inc                                                             | CUSIP: 49271VAZ3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99793.21     | 0.00%             | 2028-05-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 9128283W8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19445312.60  | 0.44%             | 2028-02-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GOTO GROUP INC                                                             | GoTo Group Inc                                                                   | CUSIP: 38349YAA3<br>LEI: 549300D12V5KRBV00592 | Long             | DBT              | CORP              | US        |    116750 | PA      | $98421.42     | 0.00%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS/CANADA WON                                                       | Six Flags Entertainment Corp / Canada's Wonderland Co / Magnum Management Corp   | CUSIP: 150190AE6<br>LEI: 549300TUVLNQQ6BVKH61 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97170.92     | 0.00%             | 2029-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                                             | Air Lease Corp                                                                   | CUSIP: 00914AAU6<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    325000 | PA      | $331053.89    | 0.01%             | 2028-02-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ABU DHABI FUTURE ENERGY                                                    | Abu Dhabi Future Energy Co Pjsc Masdar                                           | CUSIP: 000000000<br>LEI: 213800BBECR1I9FTPZ70 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $202296.46    | 0.00%             | 2029-07-25      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                                    | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $211103.34    | 0.00%             | 2030-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                                               | CaixaBank SA                                                                     | CUSIP: 12803RAL8<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $200317.28    | 0.00%             | 2031-07-03      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                      | Athene Global Funding                                                            | CUSIP: 04685A3D1<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    320000 | PA      | $309239.04    | 0.01%             | 2026-10-02      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                                                   | Svenska Handelsbanken AB                                                         | CUSIP: 86959LAL7<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |    265000 | PA      | $263574.11    | 0.01%             | 2027-06-10      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                         | Realty Income Corp                                                               | CUSIP: 756109BK9<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |    130000 | PA      | $122946.22    | 0.00%             | 2029-12-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                                                   | Hudson Pacific Properties LP                                                     | CUSIP: 44409MAB2<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              | CORP              | US        |    135000 | PA      | $117688.11    | 0.00%             | 2029-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: —       |
| UNIVISION COMMUNICATIONS                                                   | Univision Communications Inc                                                     | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    265000 | PA      | $263719.08    | 0.01%             | 2030-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ERP Operating LP                                                           | ERP Operating LP                                                                 | CUSIP: 26884ABJ1<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44073.03     | 0.00%             | 2028-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MOSAIC CO                                                                  | Mosaic Co/The                                                                    | CUSIP: 61945CAH6<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | DBT              | CORP              | US        |    177000 | PA      | $181289.02    | 0.00%             | 2028-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                                   | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    420000 | PA      | $410276.03    | 0.01%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                                 | US Bancorp                                                                       | CUSIP: 91159HHN3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     95000 | PA      | $93242.83     | 0.00%             | 2026-07-22      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE OP CO                                                       | Public Storage Operating Co                                                      | CUSIP: 74460DAC3<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              |  | US        |     50000 | PA      | $48791.59     | 0.00%             | 2027-09-15      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                                           | Duke Energy Corp                                                                 | CUSIP: 26441CCB9<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125783.06    | 0.00%             | 2027-01-05      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp                                                    | John Deere Capital Corp                                                          | CUSIP: 24422ETW9<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    150000 | PA      | $145812.56    | 0.00%             | 2027-09-08      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                                    | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    575000 | PA      | $574703.50    | 0.01%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                             | Morgan Stanley                                                                   | CUSIP: 6174468G7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    940000 | PA      | $936445.98    | 0.02%             | 2030-01-23      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ADB0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201869.59    | 0.00%             | 2027-06-24      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                                          | General Motors Co                                                                | CUSIP: 37045VBA7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    155000 | PA      | $158861.91    | 0.00%             | 2030-04-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                                                    | European Bank for Reconstruction & Development                                   | CUSIP: 29874QFA7<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |   1065000 | PA      | $1071286.31   | 0.02%             | 2029-01-25      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Exelon Corp                                                                | Exelon Corp                                                                      | CUSIP: 30161NAX9<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    400000 | PA      | $392337.08    | 0.01%             | 2030-04-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                                                   | Intercontinental Exchange Inc                                                    | CUSIP: 45866FAJ3<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108120.04    | 0.00%             | 2028-09-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SINOPEC GRP OVERSEAS DEV                                                   | Sinopec Group Overseas Development 2016 Ltd                                      | CUSIP: 000000000<br>LEI: 5299002BJODD4TLAOX51 | Long             | DBT              | CORP              | VG        |    600000 | PA      | $588895.20    | 0.01%             | 2026-09-29      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SPECTRA ENERGY PARTNERS                                                    | Spectra Energy Partners LP                                                       | CUSIP: 84756NAH2<br>LEI: 2HKVXE7U4NF5B6UGSU72 | Long             | DBT              | CORP              | US        |    215000 | PA      | $211885.92    | 0.00%             | 2026-10-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                                                | Walmart Inc                                                                      | CUSIP: 931142FL2<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150066.92    | 0.00%             | 2027-04-28      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                      | Wells Fargo & Co                                                                 | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $1039818.35   | 0.02%             | 2028-04-22      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| PEPSICO SINGAPORE FIN                                                      | Pepsico Singapore Financing I Pte Ltd                                            | CUSIP: 713466AB6<br>LEI: 254900DOMTCMUFROFJ76 | Long             | DBT              | CORP              | SG        |    180000 | PA      | $181600.14    | 0.00%             | 2029-02-16      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                                                         | Macquarie Bank Ltd                                                               | CUSIP: 55608PBQ6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |    315000 | PA      | $319182.69    | 0.01%             | 2026-12-07      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                  | ONEOK Inc                                                                        | CUSIP: 682680BS1<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    150000 | PA      | $140218.47    | 0.00%             | 2030-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                 | US Bancorp                                                                       | CUSIP: 91159HJK7<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    515000 | PA      | $517520.15    | 0.01%             | 2029-02-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BRINK'S CO/THE                                                             | Brink's Co/The                                                                   | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87054.00     | 0.00%             | 2029-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                          | HSBC Holdings PLC                                                                | CUSIP: 404280CL1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    450000 | PA      | $426264.57    | 0.01%             | 2028-09-22      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| PepsiCo Inc                                                                | PepsiCo Inc                                                                      | CUSIP: 713448DN5<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68530.27     | 0.00%             | 2026-10-06      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                                                                | Ovintiv Inc                                                                      | CUSIP: 69047QAB8<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    265000 | PA      | $271575.55    | 0.01%             | 2028-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Intel Corp                                                                 | Intel Corp                                                                       | CUSIP: 458140AX8<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    320000 | PA      | $312126.69    | 0.01%             | 2027-05-11      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| PROVINCE OF QUEBEC                                                         | Province of Quebec Canada                                                        | CUSIP: 748148M91<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |    950000 | PA      | $963813.52    | 0.02%             | 2029-04-03      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PACCAR FINANCIAL CORP                                                      | PACCAR Financial Corp                                                            | CUSIP: 69371RT55<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110397.81    | 0.00%             | 2026-11-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                     | PNC Financial Services Group Inc/The                                             | CUSIP: 693475AT2<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    315000 | PA      | $308494.01    | 0.01%             | 2027-05-19      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                        | American Tower Corp                                                              | CUSIP: 03027XCC2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    190000 | PA      | $194281.61    | 0.00%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                         | BMO 2024-5C6 Mortgage Trust                                                      | CUSIP: 05593QAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $199430.74    | 0.00%             | 2057-09-15      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| ADVOCATE HEALTH CORP                                                       | Advocate Health & Hospitals Corp                                                 | CUSIP: 007589AA2<br>LEI: 549300AEHU3PPOUCIL87 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9864.48      | 0.00%             | 2028-08-15      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp                                                           | FirstEnergy Corp                                                                 | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |    517000 | PA      | $510651.89    | 0.01%             | 2027-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| China Resources Land Ltd                                                   | China Resources Land Ltd                                                         | CUSIP: 000000000<br>LEI: 5299001HL0TU7X15HK51 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $194374.04    | 0.00%             | 2029-02-26      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                          | Iron Mountain Inc                                                                | CUSIP: 46284VAF8<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    290000 | PA      | $283619.76    | 0.01%             | 2029-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                                           | Ryder System Inc                                                                 | CUSIP: 78355HLA5<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91007.90     | 0.00%             | 2027-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                                                     | Williams Cos Inc/The                                                             | CUSIP: 969457CK4<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    290000 | PA      | $296953.77    | 0.01%             | 2028-08-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                           | Altice France SA                                                                 | CUSIP: 02156LAE1<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    145000 | PA      | $127007.85    | 0.00%             | 2029-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                                                    | Procter & Gamble Co/The                                                          | CUSIP: 742718FZ7<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    285000 | PA      | $284617.62    | 0.01%             | 2028-01-26      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| FMR LLC                                                                    | FMR LLC                                                                          | CUSIP: 302508AQ9<br>LEI: 6X064LF7Y6B4DKF2GZ26 | Long             | DBT              | CORP              | US        |    215000 | PA      | $238314.66    | 0.01%             | 2029-06-15      | Fixed         | 7.57%                 | No            |                  2 | On Loan: No      |
| MID-AMERICA APARTMENTS                                                     | Mid-America Apartments LP                                                        | CUSIP: 59523UAQ0<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              |  | US        |    195000 | PA      | $191891.77    | 0.00%             | 2029-03-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                               | Ford Credit Auto Owner Trust 2024-D                                              | CUSIP: 34535VAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $504049.96    | 0.01%             | 2030-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TKL8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    305000 | PA      | $312953.85    | 0.01%             | 2027-11-10      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                                    | American Electric Power Co Inc                                                   | CUSIP: 025537AN1<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    130000 | PA      | $117386.55    | 0.00%             | 2030-03-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| CADILLAC FAIRVIEW PRP TR                                                   | Ontario Teachers' Cadillac Fairview Properties Trust                             | CUSIP: 68327LAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    315000 | PA      | $309065.50    | 0.01%             | 2029-02-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CONDUENT BUS SERVICES                                                      | Conduent Business Services LLC / Conduent State & Local Solutions Inc            | CUSIP: 20679LAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $147635.52    | 0.00%             | 2029-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust                               | American Express Credit Account Master Trust                                     | CUSIP: 02589BAC4<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1028401.61   | 0.02%             | 2030-09-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| OAKTREE STRATEGIC CREDIT                                                   | Oaktree Strategic Credit Fund                                                    | CUSIP: 67403AAE9<br>LEI: 2549006RRE0JC7G43241 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112846.70    | 0.00%             | 2029-07-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| TELUS Corp                                                                 | TELUS Corp                                                                       | CUSIP: 87971MBF9<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | DBT              | CORP              | CA        |     89000 | PA      | $87468.37     | 0.00%             | 2027-09-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CHINA CINDA 2020 I MNGMN                                                   | China Cinda 2020 I Management Ltd                                                | CUSIP: 000000000<br>LEI: 549300ZIBIB6Z9RSNU64 | Long             | DBT              | CORP              | VG        |    400000 | PA      | $391446.16    | 0.01%             | 2027-01-28      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CA MAGNUM HOLDINGS                                                         | CA Magnum Holdings                                                               | CUSIP: 000000000<br>LEI: 549300ZRDHFR078MFZ78 | Long             | DBT              | CORP              | MU        |    400000 | PA      | $397130.70    | 0.01%             | 2026-10-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                                                | Ally Auto Receivables Trust 2024-2                                               | CUSIP: 02007NAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $598470.05    | 0.01%             | 2029-07-16      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| ROBLOX CORP                                                                | ROBLOX Corp                                                                      | CUSIP: 771049AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $282063.95    | 0.01%             | 2030-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| THE CAMPBELLS COMPANY                                                      | The Campbell's Company                                                           | CUSIP: 134429BN8<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    155000 | PA      | $158018.16    | 0.00%             | 2029-03-21      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Carlisle Cos Inc                                                           | Carlisle Cos Inc                                                                 | CUSIP: 142339AH3<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245919.27    | 0.01%             | 2027-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SUZANO AUSTRIA GMBH                                                        | Suzano Austria GmbH                                                              | CUSIP: 86964WAF9<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |    510000 | PA      | $523657.55    | 0.01%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                                                   | Canadian Pacific Railway Co                                                      | CUSIP: 13648TAC1<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |     55000 | PA      | $51452.40     | 0.00%             | 2029-11-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                                      | Uber Technologies Inc                                                            | CUSIP: 90353TAN0<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297632.67    | 0.01%             | 2030-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| MAREX GROUP PLC                                                            | Marex Group PLC                                                                  | CUSIP: 566539AB8<br>LEI: 549300DWX0SVICJAL507 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $151572.60    | 0.00%             | 2028-05-08      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                                                   | Targa Resources Partners LP / Targa Resources Partners Finance Corp              | CUSIP: 87612BBN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $235016.25    | 0.01%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                                                | Southern Co/The                                                                  | CUSIP: 842587DH7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     35000 | PA      | $32702.36     | 0.00%             | 2028-03-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| RADIAN GROUP INC                                                           | Radian Group Inc                                                                 | CUSIP: 750236AW1<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |    261000 | PA      | $260453.78    | 0.01%             | 2027-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PARK-OHIO INDUSTRIES INC                                                   | Park-Ohio Industries Inc                                                         | CUSIP: 700677AS6<br>LEI: 5493006LQUO5SLMNYM18 | Long             | DBT              | CORP              | US        |     85000 | PA      | $81609.85     | 0.00%             | 2030-08-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                                                   | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                        | CUSIP: 71568QAJ6<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $194289.34    | 0.00%             | 2029-07-17      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KOREA HOUSING FINANCE CO                                                   | Korea Housing Finance Corp                                                       | CUSIP: 000000000<br>LEI: 9884002AAOBT56QW9B80 | Long             | DBT              | NUSS              | KR        |    400000 | PA      | $402230.84    | 0.01%             | 2028-02-24      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                                                     | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAB9<br>LEI: N/A                  | Long             | DBT              |  | US        |    240000 | PA      | $239222.04    | 0.01%             | 2028-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                         | BMO 2024-5C7 Mortgage Trust                                                      | CUSIP: 09660WAY7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $924382.60    | 0.02%             | 2057-11-15      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                      | Wells Fargo & Co                                                                 | CUSIP: 95000U3J0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    855000 | PA      | $872566.76    | 0.02%             | 2030-01-23      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ONTARIO TEACHERS' FINANC                                                   | Ontario Teachers' Finance Trust                                                  | CUSIP: 68329AAP3<br>LEI: 635400ZZE5J8OXXBBY26 | Long             | DBT              | NUSS              | CA        |   1445000 | PA      | $1450530.94   | 0.03%             | 2028-04-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                     | Philip Morris International Inc                                                  | CUSIP: 718172CZ0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    459000 | PA      | $464606.90    | 0.01%             | 2028-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                           | Crown Castle Inc                                                                 | CUSIP: 22822VAN1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |     55000 | PA      | $51655.04     | 0.00%             | 2029-11-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                 | Fiserv Inc                                                                       | CUSIP: 337738BM9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250480.13    | 0.01%             | 2030-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK                                                   | African Development Bank                                                         | CUSIP: 00828EER6<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | XX        |   1245000 | PA      | $1258894.87   | 0.03%             | 2028-03-14      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| DIB SUKUK LTD                                                              | DIB Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 549300U3ZMUHC2JQLL56 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $200255.55    | 0.00%             | 2028-08-16      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| GLOBAL INFRASTRUCTURE SO                                                   | Global Infrastructure Solutions Inc                                              | CUSIP: 37960XAA5<br>LEI: 2549003BGLQITAJ6ZT28 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119342.47    | 0.00%             | 2029-06-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NARRAGANSETT ELECTRIC                                                      | Narragansett Electric Co/The                                                     | CUSIP: 631005BJ3<br>LEI: VAI0KZ806W8MCH0BCZ61 | Long             | DBT              | CORP              | US        |    185000 | PA      | $175847.96    | 0.00%             | 2030-04-09      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| NH INVESTMENT & SECS                                                       | NH Investment & Securities Co Ltd                                                | CUSIP: 000000000<br>LEI: 549300LQ6NXDW1B8NT42 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $193570.24    | 0.00%             | 2026-10-07      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                              | Carnival Corp                                                                    | CUSIP: 143658BW1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     80000 | PA      | $84073.04     | 0.00%             | 2029-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138EP5N0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     53844 | PA      | $52989.75     | 0.00%             | 2030-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                                    | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $167658.16    | 0.00%             | 2029-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SIERRACOL ENRGY ANDINA                                                     | SierraCol Energy Andina LLC                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $187397.26    | 0.00%             | 2028-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CONSOLIDATED                                                     | Coca-Cola Consolidated Inc                                                       | CUSIP: 191098AM4<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | DBT              | CORP              | US        |    160000 | PA      | $164012.48    | 0.00%             | 2029-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                                             | Azorra Finance Ltd                                                               | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |     70000 | PA      | $71489.75     | 0.00%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CHAMPIONS FINANCING INC                                                    | Champions Financing Inc                                                          | CUSIP: 15870LAA6<br>LEI: 391200ZDD75EGEUJ7625 | Long             | DBT              | CORP              | US        |    180000 | PA      | $166625.46    | 0.00%             | 2029-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| EXPORT-IMPORT BANK KOREA                                                   | Export-Import Bank of Korea                                                      | CUSIP: 302154EE5<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $197845.77    | 0.00%             | 2029-09-11      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CGH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14701000 | PA      | $14563178.13  | 0.33%             | 2028-01-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                   | Caterpillar Financial Services Corp                                              | CUSIP: 14912L6T3<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19622.44     | 0.00%             | 2026-08-09      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT                                                   | Science Applications International Corp                                          | CUSIP: 808625AA5<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    120000 | PA      | $117953.31    | 0.00%             | 2028-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397ZR7<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    400000 | PA      | $391169.36    | 0.01%             | 2029-05-03      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                   | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1140000 | PA      | $1085003.68   | 0.02%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                                                     | CNH Industrial Capital LLC                                                       | CUSIP: 12592BAS3<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    190000 | PA      | $193212.43    | 0.00%             | 2029-04-20      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                                   | National Rural Utilities Cooperative Finance Corp                                | CUSIP: 63743HFG2<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    190000 | PA      | $192293.53    | 0.00%             | 2028-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                                             | Eli Lilly & Co                                                                   | CUSIP: 532457CK2<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    325000 | PA      | $328105.72    | 0.01%             | 2029-02-09      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CBP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $18648437.60  | 0.42%             | 2028-02-29      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| Bank Gospodarstwa Krajowego                                                | Bank Gospodarstwa Krajowego                                                      | CUSIP: 000000000<br>LEI: 259400BCOV9JJIGLYF05 | Long             | DBT              | NUSS              | PL        |    200000 | PA      | $210739.58    | 0.00%             | 2028-10-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION                                                         | Kohl's Corp                                                                      | CUSIP: 500255AY0<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |    105000 | PA      | $109017.01    | 0.00%             | 2030-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Eaton Corp                                                                 | Eaton Corp                                                                       | CUSIP: 278062AG9<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |    260000 | PA      | $254220.92    | 0.01%             | 2027-09-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                                                   | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    900000 | PA      | $899654.29    | 0.02%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MGM CHINA HOLDINGS LTD                                                     | MGM China Holdings Ltd                                                           | CUSIP: 55300RAG6<br>LEI: 529900VZFN87OS7WJM66 | Long             | DBT              | CORP              | KY        |    260000 | PA      | $257664.62    | 0.01%             | 2027-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Darden Restaurants Inc                                                     | Darden Restaurants Inc                                                           | CUSIP: 237194AL9<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | DBT              | CORP              | US        |     26000 | PA      | $25712.64     | 0.00%             | 2027-05-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| SWEDISH EXPORT CREDIT                                                      | Svensk Exportkredit AB                                                           | CUSIP: 01021NAA0<br>LEI: 1FOLRR5RWTWWI397R131 | Long             | DBT              | NUSS              | SE        |    400000 | PA      | $402487.61    | 0.01%             | 2029-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78016FZU1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    453000 | PA      | $468338.86    | 0.01%             | 2027-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                                                             | AutoNation Inc                                                                   | CUSIP: 05329WAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $143767.31    | 0.00%             | 2028-08-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| RPM International Inc                                                      | RPM International Inc                                                            | CUSIP: 749685AV5<br>LEI: 549300TJCKW4BRXPJ474 | Long             | DBT              | CORP              | US        |    145000 | PA      | $143130.94    | 0.00%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp                                                             | Starbucks Corp                                                                   | CUSIP: 855244AR0<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    255000 | PA      | $252265.77    | 0.01%             | 2028-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                                      | GFL Environmental Inc                                                            | CUSIP: 36168QAP9<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $145061.59    | 0.00%             | 2029-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                | Prologis LP                                                                      | CUSIP: 74340XBX8<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |    149000 | PA      | $147493.64    | 0.00%             | 2028-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dollar General Corp                                                        | Dollar General Corp                                                              | CUSIP: 256677AE5<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |    202000 | PA      | $199799.65    | 0.00%             | 2027-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MITSUI FUDOSAN CO LTD                                                      | Mitsui Fudosan Co Ltd                                                            | CUSIP: 60683MAC3<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $195561.54    | 0.00%             | 2029-01-24      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY                                                    | Cooperatieve Rabobank UA/NY                                                      | CUSIP: 21688AAY8<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    265000 | PA      | $268415.81    | 0.01%             | 2026-10-05      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                                                    | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 049362AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    250000 | PA      | $242533.35    | 0.01%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MIDWEST CONNECTOR CAPIT                                                    | Midwest Connector Capital Co LLC                                                 | CUSIP: 59833CAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $232773.23    | 0.01%             | 2029-04-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MAGNA INTERNATIONAL INC                                                    | Magna International Inc                                                          | CUSIP: 559222BA1<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | DBT              | CORP              | CA        |    110000 | PA      | $111781.83    | 0.00%             | 2029-03-14      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BLUELINX HOLDING                                                           | BlueLinx Holdings Inc                                                            | CUSIP: 09624HAA7<br>LEI: 549300YSX7GU28F5I540 | Long             | DBT              | CORP              | US        |     90000 | PA      | $87608.00     | 0.00%             | 2029-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                                                     | Protective Life Global Funding                                                   | CUSIP: 74368CCA0<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |    160000 | PA      | $161473.76    | 0.00%             | 2029-12-09      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                                                   | Albion Financing 1 SARL / Aggreko Holdings Inc                                   | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    415000 | PA      | $427306.04    | 0.01%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK                                                   | African Development Bank                                                         | CUSIP: 00828EEZ8<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | XX        |    685000 | PA      | $685412.31    | 0.02%             | 2027-02-25      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                                   | Performance Food Group Inc                                                       | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    300000 | PA      | $288424.03    | 0.01%             | 2029-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                                                    | Nationwide Building Society                                                      | CUSIP: 63861VAE7<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    390000 | PA      | $379841.72    | 0.01%             | 2030-07-18      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| CONSUMERS ENERGY CO                                                        | Consumers Energy Co                                                              | CUSIP: 210518DW3<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |    245000 | PA      | $246933.14    | 0.01%             | 2029-05-30      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                                                    | Jefferies Financial Group Inc                                                    | CUSIP: 47233WBM0<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    370000 | PA      | $382585.41    | 0.01%             | 2028-07-21      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HELIX ENERGY SOLUTIONS                                                     | Helix Energy Solutions Group Inc                                                 | CUSIP: 42330PAL1<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | DBT              | CORP              | US        |    105000 | PA      | $109597.76    | 0.00%             | 2029-03-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| KIA CORP                                                                   | Kia Corp                                                                         | CUSIP: 000000000<br>LEI: 988400V8MJK9N7OI5X76 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $193132.24    | 0.00%             | 2026-10-16      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Benchmark 2024-V8 Mortgage Trust                                           | Benchmark 2024-V8 Mortgage Trust                                                 | CUSIP: 08190AAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    140000 | PA      | $147633.24    | 0.00%             | 2057-07-15      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                                                   | Yapi ve Kredi Bankasi AS                                                         | CUSIP: 000000000<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $201569.53    | 0.00%             | 2029-10-10      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                                      | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $162019.36    | 0.00%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                                        | Altice Financing SA                                                              | CUSIP: 02154CAJ2<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    110000 | PA      | $100978.92    | 0.00%             | 2027-07-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| Highwoods Realty LP                                                        | Highwoods Realty LP                                                              | CUSIP: 431282AQ5<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63581.82     | 0.00%             | 2028-03-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| GREENTOWN CHINA HLDGS                                                      | Greentown China Holdings Ltd                                                     | CUSIP: 000000000<br>LEI: 529900BLBC6YDNWS8530 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $204482.19    | 0.00%             | 2028-02-24      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                   | BMARK 2023-V4                                                                    | CUSIP: 081926AG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $264910.76    | 0.01%             | 2056-11-15      | Variable      | 7.46%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140QRLW1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    864960 | PA      | $843075.92    | 0.02%             | 2038-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GF                                                       | American National Global Funding                                                 | CUSIP: 02771D2A1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $152617.58    | 0.00%             | 2030-01-28      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                                                        | Avianca Midco 2 PLC                                                              | CUSIP: 05369YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    200000 | PA      | $186052.53    | 0.00%             | 2030-02-14      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CEC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19349218.80  | 0.44%             | 2027-02-28      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                                    | Colombia Government International Bonds                                          | CUSIP: 195325DR3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    600000 | PA      | $526980.88    | 0.01%             | 2030-01-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD                                                   | Alimentation Couche-Tard Inc                                                     | CUSIP: 01626PAH9<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | CA        |    245000 | PA      | $240855.64    | 0.01%             | 2027-07-26      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK OP LLC                                                          | Healthpeak OP LLC                                                                | CUSIP: 42250PAD5<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              |  | US        |    260000 | PA      | $240709.75    | 0.01%             | 2028-12-01      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| PRICOA GLOBAL FUNDING 1                                                    | Pricoa Global Funding I                                                          | CUSIP: 74153WCT4<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151714.94    | 0.00%             | 2026-08-28      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIAL LIFE                                                   | Equitable Financial Life Global Funding                                          | CUSIP: 29449WAQ0<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |    115000 | PA      | $117760.32    | 0.00%             | 2028-03-03      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY                                                       | Carpenter Technology Corp                                                        | CUSIP: 144285AL7<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135494.33    | 0.00%             | 2028-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                                           | Berry Global Inc                                                                 | CUSIP: 08576PAF8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    201000 | PA      | $192808.50    | 0.00%             | 2027-01-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| CAISSE D'AMORT DETTE SOC                                                   | Caisse d'Amortissement de la Dette Sociale                                       | CUSIP: 12802D2R6<br>LEI: 969500P04DQJS4BPM574 | Long             | DBT              | NUSS              | FR        |    900000 | PA      | $893692.89    | 0.02%             | 2027-09-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                   | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MAB1<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    435000 | PA      | $427795.69    | 0.01%             | 2027-07-21      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                                     | BP Capital Markets America Inc                                                   | CUSIP: 10373QAZ3<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    280000 | PA      | $276831.21    | 0.01%             | 2027-04-14      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                                   | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257268.66    | 0.01%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XFB7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    380000 | PA      | $385398.76    | 0.01%             | 2030-01-07      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| WYNN LAS VEGAS LLC/CORP                                                    | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp                                 | CUSIP: 983130AX3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    268000 | PA      | $267654.40    | 0.01%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MCKESSON CORP                                                              | McKesson Corp                                                                    | CUSIP: 581557BW4<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201116.05    | 0.00%             | 2030-05-30      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                                       | Saudi Government International Bonds                                             | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    800000 | PA      | $805111.53    | 0.02%             | 2028-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                                    | Imperial Brands Finance PLC                                                      | CUSIP: 45262BAJ2<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $199632.84    | 0.00%             | 2028-06-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENN ENERGY HOLDINGS LTD                                                    | ENN Energy Holdings Ltd                                                          | CUSIP: 000000000<br>LEI: 549300V7BXPWT6WIPR03 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $398876.22    | 0.01%             | 2027-05-17      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                               | Enbridge Inc                                                                     | CUSIP: 29250NCA1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    195000 | PA      | $197336.49    | 0.00%             | 2027-04-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                                   | Electricite de France SA                                                         | CUSIP: 268317AY0<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    535000 | PA      | $551967.74    | 0.01%             | 2029-04-22      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                     | Santander Drive Auto Receivables Trust 2024-1                                    | CUSIP: 80288AAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    430000 | PA      | $432129.00    | 0.01%             | 2028-12-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| AMN HEALTHCARE INC                                                         | AMN Healthcare Inc                                                               | CUSIP: 00175PAB9<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |    175000 | PA      | $171056.14    | 0.00%             | 2027-10-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| WESTPAC NEW ZEALAND LTD                                                    | Westpac New Zealand Ltd                                                          | CUSIP: 96122FAA5<br>LEI: 549300MW73M5PK1PNG73 | Long             | DBT              | CORP              | NZ        |    205000 | PA      | $207045.80    | 0.00%             | 2028-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| TENGIZCHEVROIL FIN CO IN                                                   | Tengizchevroil Finance Co International Ltd                                      | CUSIP: 000000000<br>LEI: 5493001VEV2XTJIBZH31 | Long             | DBT              | CORP              | BM        |    400000 | PA      | $395540.13    | 0.01%             | 2026-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                                                               | SK Hynix Inc                                                                     | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |    400000 | PA      | $410242.13    | 0.01%             | 2029-01-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| MONDELEZ INTERNATIONAL                                                     | Mondelez International Inc                                                       | CUSIP: 609207BF1<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74762.89     | 0.00%             | 2028-05-06      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                                                        | Clarivate Science Holdings Corp                                                  | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $257931.38    | 0.01%             | 2029-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CALUMET SPECIALTY PROD                                                     | Calumet Specialty Products Partners LP / Calumet Finance Corp                    | CUSIP: 131477AV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $98962.79     | 0.00%             | 2027-01-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: —       |
| CITIC                                                                      | CITIC Ltd                                                                        | CUSIP: 000000000<br>LEI: 2549006I3Q3M98KHOT11 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $186879.43    | 0.00%             | 2030-02-25      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| FIRST HORIZON CORP                                                         | First Horizon Corp                                                               | CUSIP: 320517AE5<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101716.12    | 0.00%             | 2031-03-07      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| LINEAGE OP LP                                                              | Lineage OP LP                                                                    | CUSIP: 53567YAA7<br>LEI: 254900CSRDL1G4SRQE89 | Long             | DBT              |  | US        |     25000 | PA      | $25108.36     | 0.00%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                                                     | Energizer Holdings Inc                                                           | CUSIP: 29272WAC3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194640.51    | 0.00%             | 2028-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                                                               | 7-Eleven Inc                                                                     | CUSIP: 817826AD2<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |    445000 | PA      | $412674.29    | 0.01%             | 2028-02-10      | Fixed         | 1.30%                 | No            |                  2 | On Loan: —       |
| INTER-AMERICAN DEVEL BK                                                    | Inter-American Development Bank                                                  | CUSIP: 4581X0EM6<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    370000 | PA      | $371582.17    | 0.01%             | 2027-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS FINANCE INC                                                    | BAE Systems Finance Inc                                                          | CUSIP: 11041RAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $105713.27    | 0.00%             | 2027-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Southwest Gas Corp                                                         | Southwest Gas Corp                                                               | CUSIP: 845011AA3<br>LEI: OQQR1IQTGBKH0UR88X59 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48875.04     | 0.00%             | 2028-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                                                         | Rithm Capital Corp                                                               | CUSIP: 64828TAC6<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              |  | US        |     45000 | PA      | $45834.76     | 0.00%             | 2030-07-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KILROY REALTY LP                                                           | Kilroy Realty LP                                                                 | CUSIP: 49427RAP7<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              |  | US        |    150000 | PA      | $135616.91    | 0.00%             | 2030-02-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                                                     | Motorola Solutions Inc                                                           | CUSIP: 620076BY4<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101397.55    | 0.00%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                                     | Asian Development Bank                                                           | CUSIP: 045167GL1<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    485000 | PA      | $488056.51    | 0.01%             | 2030-05-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                                     | SCIH Salt Holdings Inc                                                           | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    365000 | PA      | $354410.80    | 0.01%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LONGFOR HOLDINGS LTD                                                       | Longfor Group Holdings Ltd                                                       | CUSIP: 000000000<br>LEI: 254900UJX27B2F1JYR13 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $164163.57    | 0.00%             | 2029-09-16      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                                    | Simon Property Group LP                                                          | CUSIP: 828807DL8<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              |  | US        |    360000 | PA      | $338558.83    | 0.01%             | 2028-02-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| 3M COMPANY                                                                 | 3M Co                                                                            | CUSIP: 88579YAV3<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |    162000 | PA      | $157997.49    | 0.00%             | 2026-09-19      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CAISSE D'AMORT DETTE SOC                                                   | Caisse d'Amortissement de la Dette Sociale                                       | CUSIP: 12802D2S4<br>LEI: 969500P04DQJS4BPM574 | Long             | DBT              | NUSS              | FR        |    425000 | PA      | $435677.42    | 0.01%             | 2030-01-22      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                                        | Resideo Funding Inc                                                              | CUSIP: 76119LAB7<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |     98000 | PA      | $92129.68     | 0.00%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                                       | Las Vegas Sands Corp                                                             | CUSIP: 517834AF4<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    270000 | PA      | $257699.13    | 0.01%             | 2029-08-08      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                       | Glencore Funding LLC                                                             | CUSIP: 378272AN8<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    410000 | PA      | $405799.66    | 0.01%             | 2027-03-27      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                      | Wells Fargo & Co                                                                 | CUSIP: 95000U2D4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    800000 | PA      | $792919.87    | 0.02%             | 2029-01-24      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                                                  | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C31                      | CUSIP: 61766RAZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3075000 | PA      | $3001168.60   | 0.07%             | 2049-11-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                                        | Muthoot Finance Ltd                                                              | CUSIP: 62828M2D2<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $200312.14    | 0.00%             | 2029-04-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                              | Citigroup Inc                                                                    | CUSIP: 172967AR2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    280000 | PA      | $295470.64    | 0.01%             | 2028-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CORP ANDINA DE FOMENTO                                                     | Corp Andina de Fomento                                                           | CUSIP: 219868CH7<br>LEI: UKZ46SXGNYCZK0UOZE76 | Long             | DBT              | NUSS              | XX        |    985000 | PA      | $1011740.60   | 0.02%             | 2027-04-26      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EMERSON ELECTRIC CO                                                        | Emerson Electric Co                                                              | CUSIP: 291011BQ6<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | DBT              | CORP              | US        |    260000 | PA      | $241771.22    | 0.01%             | 2028-12-21      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CICC HK FINANCE 2016 MTN                                                   | CICC Hong Kong Finance 2016 MTN Ltd                                              | CUSIP: 000000000<br>LEI: 529900N4NO8N9ILCZC31 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $201410.21    | 0.00%             | 2026-07-18      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                              | Citigroup Inc                                                                    | CUSIP: 172967PF2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    970000 | PA      | $987549.73    | 0.02%             | 2030-02-13      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| California Earthquake Authority                                            | CALIFORNIA ST EARTHQUAKE AUTH                                                    | CUSIP: 13017HAP1<br>LEI: 254900P2MGLOUH3QS859 | Long             | DBT              | MUN               | US        |    135000 | PA      | $136378.72    | 0.00%             | 2027-07-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EUU1<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194813.15    | 0.00%             | 2029-03-07      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Lyb Finance Co Bv                                                          | LYB Finance Co BV                                                                | CUSIP: 61238QAA6<br>LEI: 549300BBGA3CFHX0KS75 | Long             | DBT              | CORP              | NL        |     91000 | PA      | $95540.55     | 0.00%             | 2027-03-15      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                        | Sirius XM Radio LLC                                                              | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    307500 | PA      | $300676.34    | 0.01%             | 2026-09-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                                     | Banque Federative du Credit Mutuel SA                                            | CUSIP: 06675FBA4<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $202840.74    | 0.00%             | 2026-07-13      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| CSX Corp                                                                   | CSX Corp                                                                         | CUSIP: 126408HH9<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    315000 | PA      | $309020.20    | 0.01%             | 2027-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTION                                                   | Consensus Cloud Solutions Inc                                                    | CUSIP: 20848VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $79646.91     | 0.00%             | 2026-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                      | Athene Global Funding                                                            | CUSIP: 04685A3X7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152121.26    | 0.00%             | 2027-07-09      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| COUNCIL OF EUROPE                                                          | Council Of Europe Development Bank                                               | CUSIP: 222213BG4<br>LEI: 549300UYNXMI821WYG82 | Long             | DBT              | NUSS              | XX        |    205000 | PA      | $209200.60    | 0.00%             | 2030-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                                   | Electricite de France SA                                                         | CUSIP: 28504DAB9<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    710000 | PA      | $729342.22    | 0.02%             | 2028-05-23      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 3128MFKV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    332970 | PA      | $316916.07    | 0.01%             | 2033-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                                          | Johnson & Johnson                                                                | CUSIP: 478160DG6<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    225000 | PA      | $226484.52    | 0.01%             | 2027-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Constellation Brands Inc                                                   | Constellation Brands Inc                                                         | CUSIP: 21036PBC1<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100401.68    | 0.00%             | 2028-11-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                                          | Ares Capital Corp                                                                | CUSIP: 04010LBG7<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    260000 | PA      | $266326.98    | 0.01%             | 2029-07-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| NBK SPC LTD                                                                | NBK SPC Ltd                                                                      | CUSIP: 000000000<br>LEI: 549300P1ANDK86KWB419 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $193037.15    | 0.00%             | 2027-09-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                                                   | Principal Life Global Funding II                                                 | CUSIP: 74256LBG3<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    150000 | PA      | $138705.13    | 0.00%             | 2029-09-16      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 31418EKK5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    309859 | PA      | $302050.07    | 0.01%             | 2037-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                                              | Aircastle Ltd                                                                    | CUSIP: 00928QAU5<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    305000 | PA      | $290984.67    | 0.01%             | 2028-01-26      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                     | Philip Morris International Inc                                                  | CUSIP: 718172CP2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    200000 | PA      | $179220.78    | 0.00%             | 2030-05-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Incora Top Holdco LLC                                                      | Incora Top Holdco LLC                                                            | CUSIP: 45338U101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6956 | NS      | $167848.28    | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| American Tower Corp                                                        | American Tower Corp                                                              | CUSIP: 03027XAR1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |     90000 | PA      | $88278.57     | 0.00%             | 2028-01-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                                | Citibank NA                                                                      | CUSIP: 17325FBP2<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    750000 | PA      | $761853.55    | 0.02%             | 2030-05-29      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                                                   | Comision Federal de Electricidad                                                 | CUSIP: 000000000<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $198841.14    | 0.00%             | 2030-01-24      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                   | Capital One Financial Corp                                                       | CUSIP: 14040HDG7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    275000 | PA      | $282525.23    | 0.01%             | 2030-07-26      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN                                                   | RHP Hotel Properties LP / RHP Finance Corp                                       | CUSIP: 749571AG0<br>LEI: N/A                  | Long             | DBT              |  | US        |    200000 | PA      | $194595.52    | 0.00%             | 2029-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Teleflex Inc                                                               | Teleflex Inc                                                                     | CUSIP: 879369AF3<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |    185000 | PA      | $182032.72    | 0.00%             | 2027-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                                                           | AMC Networks Inc                                                                 | CUSIP: 00164VAF0<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |      7000 | PA      | $5601.40      | 0.00%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AGREE LP                                                                   | Agree LP                                                                         | CUSIP: 008513AB9<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              |  | US        |    100000 | PA      | $93463.52     | 0.00%             | 2028-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                                                         | PBF Holding Co LLC / PBF Finance Corp                                            | CUSIP: 69318FAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    279000 | PA      | $268574.74    | 0.01%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                      | Toronto-Dominion Bank/The                                                        | CUSIP: 89115KAB6<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    220000 | PA      | $221783.61    | 0.01%             | 2030-06-03      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| El Salvador Government International Bonds                                 | El Salvador Government International Bonds                                       | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    200000 | PA      | $211873.43    | 0.00%             | 2030-04-17      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                                   | Occidental Petroleum Corp                                                        | CUSIP: 674599DZ5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    195000 | PA      | $204965.55    | 0.00%             | 2027-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF GAS CO                                                      | Southern California Gas Co                                                       | CUSIP: 842434CW0<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |    605000 | PA      | $590888.35    | 0.01%             | 2027-04-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE TECH LLC                                                         | CommScope Technologies LLC                                                       | CUSIP: 20338HAB9<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |    215000 | PA      | $210445.99    | 0.00%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GATX Corp                                                                  | GATX Corp                                                                        | CUSIP: 361448BA0<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    115000 | PA      | $112060.04    | 0.00%             | 2028-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                                      | Ellucian Holdings Inc                                                            | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    205000 | PA      | $207873.71    | 0.00%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHINA OVERSEAS FIN                                                         | China Overseas Finance Cayman VII Ltd                                            | CUSIP: 000000000<br>LEI: 3003003EQA2BE4U94Y86 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $199294.01    | 0.00%             | 2028-04-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TURK IHRACAT KR BK                                                         | Turkiye Ihracat Kredi Bankasi AS                                                 | CUSIP: 000000000<br>LEI: 789000JVRVYLAXGDWR11 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $209529.45    | 0.00%             | 2027-01-28      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SUZANO AUSTRIA GMBH                                                        | Suzano Austria GmbH                                                              | CUSIP: 86964WAL6<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |    155000 | PA      | $143765.63    | 0.00%             | 2028-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                                                | Equinor ASA                                                                      | CUSIP: 29446MAE2<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |    290000 | PA      | $284532.78    | 0.01%             | 2027-04-06      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                                          | Eversource Energy                                                                | CUSIP: 30040WAR9<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    175000 | PA      | $175215.08    | 0.00%             | 2027-07-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Entergy Louisiana LLC                                                      | Entergy Louisiana LLC                                                            | CUSIP: 29364WAW8<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48662.11     | 0.00%             | 2028-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                         | Realty Income Corp                                                               | CUSIP: 756109CF9<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |    155000 | PA      | $156628.02    | 0.00%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                                   | Occidental Petroleum Corp                                                        | CUSIP: 674599EH4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    295000 | PA      | $296569.26    | 0.01%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                      | Toronto-Dominion Bank/The                                                        | CUSIP: 89116CQJ9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $301597.62    | 0.01%             | 2034-09-10      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                                            | McDonald's Corp                                                                  | CUSIP: 58013MFU3<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    252000 | PA      | $255662.64    | 0.01%             | 2028-08-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AMC ENTERTAINMENT HLDGS                                                    | AMC Entertainment Holdings Inc                                                   | CUSIP: 00165CBA1<br>LEI: 549300ZO77UNR6NRBR11 | Long             | DBT              | CORP              | US        |    285000 | PA      | $242468.60    | 0.01%             | 2029-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| BLACKSTONE SECURED LEND                                                    | Blackstone Secured Lending Fund                                                  | CUSIP: 09261XAK8<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149234.32    | 0.00%             | 2030-06-30      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                   | Builders FirstSource Inc                                                         | CUSIP: 12008RAN7<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    160000 | PA      | $156763.22    | 0.00%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Woodside Finance Ltd                                                       | Woodside Finance Ltd                                                             | CUSIP: 980236AP8<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |    195000 | PA      | $189892.63    | 0.00%             | 2028-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                                       | Westpac Banking Corp                                                             | CUSIP: 961214FC2<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    345000 | PA      | $343929.40    | 0.01%             | 2027-08-26      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                          | NatWest Group PLC                                                                | CUSIP: 780097BP5<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $292517.70    | 0.01%             | 2028-05-22      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                   | Lloyds Banking Group PLC                                                         | CUSIP: 53944YBC6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $404278.77    | 0.01%             | 2028-11-26      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Boardwalk Pipelines LP                                                     | Boardwalk Pipelines LP                                                           | CUSIP: 096630AF5<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |    210000 | PA      | $209348.82    | 0.00%             | 2027-07-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| LANDWIRTSCH. RENTENBANK                                                    | Landwirtschaftliche Rentenbank                                                   | CUSIP: 515110CD4<br>LEI: 529900Z3J0N6S0F7CT25 | Long             | DBT              | CORP              | DE        |   1310000 | PA      | $1308281.52   | 0.03%             | 2028-06-14      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO                                                   | Columbia Pipelines Holding Co LLC                                                | CUSIP: 19828AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $249510.93    | 0.01%             | 2028-08-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| PLAYTIKA HOLDING CORP                                                      | Playtika Holding Corp                                                            | CUSIP: 72815LAA5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | DBT              | CORP              | US        |    180000 | PA      | $165043.14    | 0.00%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EVF3<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    110000 | PA      | $105795.17    | 0.00%             | 2027-03-09      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                           | Societe Generale SA                                                              | CUSIP: 83368JKF6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    225000 | PA      | $223513.08    | 0.01%             | 2026-08-19      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                                              | DTE Energy Co                                                                    | CUSIP: 233331BN6<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    300000 | PA      | $306628.40    | 0.01%             | 2030-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                                           | Ryder System Inc                                                                 | CUSIP: 78355HKW8<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204375.07    | 0.00%             | 2028-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Vinci SA                                                                   | Vinci SA                                                                         | CUSIP: 927320AA9<br>LEI: 213800WFQ334R8UXUG83 | Long             | DBT              | CORP              | FR        |    305000 | PA      | $297702.22    | 0.01%             | 2029-04-10      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY FIN                                                     | Berkshire Hathaway Finance Corp                                                  | CUSIP: 084664CZ2<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |    245000 | PA      | $238390.76    | 0.01%             | 2027-03-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Steel Dynamics Inc                                                         | Steel Dynamics Inc                                                               | CUSIP: 858119BF6<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90048.78     | 0.00%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ACURIS FIN US/ACURIS FIN                                                   | Acuris Finance US Inc / Acuris Finance SARL                                      | CUSIP: 00511BAE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $158252.94    | 0.00%             | 2029-08-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| KB SECURITIES CO LTD                                                       | KB Securities Co Ltd                                                             | CUSIP: 000000000<br>LEI: 549300Q7SEZ32KPGBL06 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $193800.58    | 0.00%             | 2026-11-01      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY ENERG                                                   | Berkshire Hathaway Energy Co                                                     | CUSIP: 084659AM3<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |    175000 | PA      | $170562.30    | 0.00%             | 2028-04-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| EXPORT DEVELOPMNT CANADA                                                   | Export Development Canada                                                        | CUSIP: 30216BJR4<br>LEI: Z6MHCSLXHKYG4B6PHW02 | Long             | DBT              | NUSS              | CA        |     50000 | PA      | $49065.68     | 0.00%             | 2027-05-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                                                | Southern Co/The                                                                  | CUSIP: 842587DS3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    265000 | PA      | $274596.42    | 0.01%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HP INC                                                                     | HP Inc                                                                           | CUSIP: 40434LAK1<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |    340000 | PA      | $332689.76    | 0.01%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                      | American Airlines Inc                                                            | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    230000 | PA      | $234620.00    | 0.01%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| ANZ BANK NEW ZEALAND LTD                                                   | ANZ Bank New Zealand Ltd                                                         | CUSIP: 00182YAA3<br>LEI: HZSN7FQBPO5IEWYIGC72 | Long             | DBT              | CORP              | NZ        |    210000 | PA      | $212269.93    | 0.00%             | 2032-08-11      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GRP NY                                                   | Australia & New Zealand Banking Group Ltd/New York NY                            | CUSIP: 05253JAZ4<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |    350000 | PA      | $352453.85    | 0.01%             | 2027-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MIRAE ASSET SECURITIES                                                     | Mirae Asset Securities Co Ltd                                                    | CUSIP: 000000000<br>LEI: 98840072S6T63E2V1291 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $202068.10    | 0.00%             | 2028-03-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                                      | Molina Healthcare Inc                                                            | CUSIP: 60855RAJ9<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    280000 | PA      | $268173.87    | 0.01%             | 2028-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ADVANTAGE SALES & MARKET                                                   | Advantage Sales & Marketing Inc                                                  | CUSIP: 00775PAA5<br>LEI: 549300T4O24KQDED1182 | Long             | DBT              | CORP              | US        |    170000 | PA      | $128195.91    | 0.00%             | 2028-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CFH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18447000 | PA      | $18151559.86  | 0.41%             | 2027-08-31      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                     | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607LWT6<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    215000 | PA      | $218550.22    | 0.00%             | 2026-10-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CGP0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11066000 | PA      | $11093665.00  | 0.25%             | 2028-02-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                                                               | WP Carey Inc                                                                     | CUSIP: 92936UAF6<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |    115000 | PA      | $111847.22    | 0.00%             | 2029-07-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| ZZ TRANSPO DEVEL INV GRP                                                   | Zhengzhou Transportation Development Investment Group Co Ltd                     | CUSIP: 000000000<br>LEI: 3003002SY3HQ5YNSQQ10 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $199860.82    | 0.00%             | 2027-10-31      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78016EZD2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    330000 | PA      | $326229.36    | 0.01%             | 2027-05-04      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MDG2<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    380000 | PA      | $393666.66    | 0.01%             | 2028-09-14      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                                                       | Lockheed Martin Corp                                                             | CUSIP: 539830CC1<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    220000 | PA      | $221474.84    | 0.00%             | 2029-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                      | Mexico Government International Bonds                                            | CUSIP: 91087BAU4<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    600000 | PA      | $609071.20    | 0.01%             | 2028-02-09      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Getty Images Inc                                                           | Getty Images Inc                                                                 | CUSIP: 374276AJ2<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |    110000 | PA      | $107072.02    | 0.00%             | 2027-03-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: —       |
| MIZUHO FINANCIAL GROUP                                                     | Mizuho Financial Group Inc                                                       | CUSIP: 60687YAM1<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    300000 | PA      | $292438.44    | 0.01%             | 2027-09-11      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| ITC HOLDINGS CORP                                                          | ITC Holdings Corp                                                                | CUSIP: 465685AQ8<br>LEI: 549300HTO5U9D3SLE207 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185074.97    | 0.00%             | 2030-05-14      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                               | Broadcom Inc                                                                     | CUSIP: 11135FCK5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    365000 | PA      | $365127.14    | 0.01%             | 2030-07-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                         | BMW US Capital LLC                                                               | CUSIP: 05565EBW4<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    295000 | PA      | $285323.16    | 0.01%             | 2026-08-12      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                           | Deutsche Bank AG/New York NY                                                     | CUSIP: 251526CW7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    190000 | PA      | $195870.48    | 0.00%             | 2029-05-10      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| RIZAL COMMERCIAL BANKING                                                   | Rizal Commercial Banking Corp                                                    | CUSIP: 000000000<br>LEI: CIKZWI6KV077KV2E2J69 | Long             | DBT              | CORP              | PH        |    200000 | PA      | $203888.03    | 0.00%             | 2029-01-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                                                     | Clearway Energy Operating LLC                                                    | CUSIP: 18539UAC9<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    280000 | PA      | $275130.74    | 0.01%             | 2028-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 31418EYV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     86366 | PA      | $84143.04     | 0.00%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHINHAN BANK                                                               | Shinhan Bank Co Ltd                                                              | CUSIP: 82460EAL4<br>LEI: 5493003P813VL21KG928 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $195977.39    | 0.00%             | 2027-09-20      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS PRIVATE CR                                                   | Goldman Sachs Private Credit Corp                                                | CUSIP: 38152BAA9<br>LEI: 549300TD27G6372IYJ65 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50380.75     | 0.00%             | 2028-05-06      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HUSKY INJECTION / TITAN                                                    | Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC                      | CUSIP: 44805RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    290000 | PA      | $299234.27    | 0.01%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Export-Import Bank of China                                                | Export-Import Bank of China                                                      | CUSIP: 000000000<br>LEI: 300300C1020211000045 | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $200253.02    | 0.00%             | 2027-11-05      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                                                      | Continental Resources Inc/OK                                                     | CUSIP: 212015AU5<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |    327000 | PA      | $316643.13    | 0.01%             | 2026-11-15      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| CLEVELAND ELECTRIC ILLUM                                                   | Cleveland Electric Illuminating Co/The                                           | CUSIP: 186108CK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    420000 | PA      | $406887.43    | 0.01%             | 2028-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| RAND PARENT LLC                                                            | Rand Parent LLC                                                                  | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $251387.18    | 0.01%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ADOBE INC                                                                  | Adobe Inc                                                                        | CUSIP: 00724PAD1<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | DBT              | CORP              | US        |    395000 | PA      | $362551.13    | 0.01%             | 2030-02-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                                    | Colombia Government International Bonds                                          | CUSIP: 195325DP7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    400000 | PA      | $382965.81    | 0.01%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                                                 | Viasat Inc                                                                       | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |    220000 | PA      | $219195.48    | 0.00%             | 2027-04-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                                           | MGM Resorts International                                                        | CUSIP: 552953CD1<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134527.24    | 0.00%             | 2026-09-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                           | CSC Holdings LLC                                                                 | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    305000 | PA      | $306530.89    | 0.01%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| TWDC Enterprises 18 Corp                                                   | TWDC Enterprises 18 Corp                                                         | CUSIP: 25468PDV5<br>LEI: 7260JQNI6SCF9FIV2392 | Long             | DBT              | CORP              | US        |    290000 | PA      | $284146.78    | 0.01%             | 2027-06-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Veritas US Inc                                                             | Veritas US Inc 2024 Priority Term Loan                                           | CUSIP: 000000000<br>LEI: 549300RFUWCPWS8FQ104 | Long             | LON              | CORP              | US        |      1718 | PA      | $1725.31      | 0.00%             | 2029-12-09      | Floating      | 12.30%                | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                                     | Blackstone Private Credit Fund                                                   | CUSIP: 09261HBU0<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151180.14    | 0.00%             | 2029-11-22      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| VF CORP                                                                    | VF Corp                                                                          | CUSIP: 918204BB3<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |    130000 | PA      | $124126.44    | 0.00%             | 2027-04-23      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| KOREA INV & SECS CO LTD                                                    | Korea Investment & Securities Co Ltd                                             | CUSIP: 000000000<br>LEI: 549300R8VJDW3X6CD250 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $194926.14    | 0.00%             | 2026-07-19      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| MANULIFE FINANCIAL CORP                                                    | Manulife Financial Corp                                                          | CUSIP: 56501RAK2<br>LEI: 5493007GBX87QOZACS27 | Long             | DBT              | CORP              | CA        |     95000 | PA      | $91879.56     | 0.00%             | 2027-05-19      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S                                                                  | Sotheby's                                                                        | CUSIP: 835898AH0<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |    255000 | PA      | $251954.70    | 0.01%             | 2027-10-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PPL CAPITAL FUNDING INC                                                    | PPL Capital Funding Inc                                                          | CUSIP: 69352PAQ6<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97959.15     | 0.00%             | 2030-04-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                                                     | Penn Entertainment Inc                                                           | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $101961.56    | 0.00%             | 2029-07-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| MUTUAL OF OMAHA GLOBAL                                                     | Mutual of Omaha Cos Global Funding                                               | CUSIP: 62829D2E9<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |    165000 | PA      | $166101.33    | 0.00%             | 2029-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                                     | Asian Development Bank                                                           | CUSIP: 045167GH0<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |   1103000 | PA      | $1089304.56   | 0.02%             | 2029-08-28      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                      | Mexico Government International Bonds                                            | CUSIP: 91087BAH3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    600000 | PA      | $553690.10    | 0.01%             | 2030-04-16      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                                                     | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAN7<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150035.39    | 0.00%             | 2028-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Entergy Louisiana LLC                                                      | Entergy Louisiana LLC                                                            | CUSIP: 29364WAY4<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    175000 | PA      | $170895.09    | 0.00%             | 2026-10-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397C92<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    440000 | PA      | $453859.92    | 0.01%             | 2028-05-12      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| JAMES HARDIE INTL FIN                                                      | James Hardie International Finance DAC                                           | CUSIP: 47032FAB5<br>LEI: 635400G32A4Q1LVQ8M88 | Long             | DBT              | CORP              | IE        |     70000 | PA      | $69412.45     | 0.00%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ECOLAB INC                                                                 | Ecolab Inc                                                                       | CUSIP: 278865BE9<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |    240000 | PA      | $243967.16    | 0.01%             | 2030-03-24      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                                                         | Leviathan Bond Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |    200000 | PA      | $198829.15    | 0.00%             | 2027-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                                                                | PNC Bank NA                                                                      | CUSIP: 69353RFZ6<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249965.37    | 0.01%             | 2028-07-21      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                                   | Marsh & McLennan Cos Inc                                                         | CUSIP: 571748BG6<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    445000 | PA      | $445448.22    | 0.01%             | 2029-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                                                      | Huntington Bancshares Inc/OH                                                     | CUSIP: 446150BB9<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    330000 | PA      | $329044.04    | 0.01%             | 2028-08-04      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| INTL DEVELOPMENT ASSOC                                                     | International Development Association                                            | CUSIP: 45939FAA5<br>LEI: P41R60HC414IWQA1XW02 | Long             | DBT              | NUSS              | XX        |   1290000 | PA      | $1306533.14   | 0.03%             | 2029-06-11      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                        | Citigroup Commercial Mortgage Trust 2018-B2                                      | CUSIP: 17327FAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $976288.63    | 0.02%             | 2051-03-10      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                           | Crown Castle Inc                                                                 | CUSIP: 22822VBF7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    165000 | PA      | $166087.56    | 0.00%             | 2029-09-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MIWD HLDCO II/MIWD FIN                                                     | MIWD Holdco II LLC / MIWD Finance Corp                                           | CUSIP: 55337PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $143143.72    | 0.00%             | 2030-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| ONCOR ELECTRIC DELIVERY                                                    | Oncor Electric Delivery Co LLC                                                   | CUSIP: 68233JCY8<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150416.64    | 0.00%             | 2027-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                                        | Bank of Nova Scotia/The                                                          | CUSIP: 06417XAD3<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    304000 | PA      | $293969.73    | 0.01%             | 2027-02-02      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CAU5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23100000 | PA      | $21416226.68  | 0.48%             | 2027-10-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| DANA INC                                                                   | Dana Inc                                                                         | CUSIP: 235825AF3<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    159000 | PA      | $158899.98    | 0.00%             | 2027-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CN OVERSEAS FIN KY VIII                                                    | China Overseas Finance Cayman VIII Ltd                                           | CUSIP: 000000000<br>LEI: 300300JLMTEWBKJNL662 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $182877.37    | 0.00%             | 2030-03-02      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BORGWARNER INC                                                             | BorgWarner Inc                                                                   | CUSIP: 099724AL0<br>LEI: 549300DSFX2IE88NSX47 | Long             | DBT              | CORP              | US        |    445000 | PA      | $430096.59    | 0.01%             | 2027-07-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Belo Corp                                                                  | Belo Corp                                                                        | CUSIP: 080555AF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $144313.57    | 0.00%             | 2027-09-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CPI CG INC                                                                 | CPI CG Inc                                                                       | CUSIP: 12598FAC3<br>LEI: 254900H3R50WH1B1LB48 | Long             | DBT              | CORP              | US        |     93000 | PA      | $97155.65     | 0.00%             | 2029-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| STEEL DYNAMICS INC                                                         | Steel Dynamics Inc                                                               | CUSIP: 858119BN9<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14116.47     | 0.00%             | 2027-10-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                                                                 | Arcosa Inc                                                                       | CUSIP: 039653AA8<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |    125000 | PA      | $120519.61    | 0.00%             | 2029-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                                           | Ryder System Inc                                                                 | CUSIP: 78355HKZ1<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    155000 | PA      | $159002.03    | 0.00%             | 2029-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                                                       | WEC Energy Group Inc                                                             | CUSIP: 92939UAJ5<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    290000 | PA      | $293917.36    | 0.01%             | 2027-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Waste Connections Inc                                                      | Waste Connections Inc                                                            | CUSIP: 941053AH3<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |    140000 | PA      | $139796.63    | 0.00%             | 2028-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138WF2G0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3611 | PA      | $3542.46      | 0.00%             | 2030-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MASTEC INC                                                                 | MasTec Inc                                                                       | CUSIP: 576323AP4<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |    145000 | PA      | $143431.39    | 0.00%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL AUTO HO/AAG FH UK                                                   | Global Auto Holdings Ltd/AAG FH UK Ltd                                           | CUSIP: 00033YAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    155000 | PA      | $154515.24    | 0.00%             | 2029-08-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                                                         | Pacific Life Global Funding II                                                   | CUSIP: 6944PL2H1<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13751.04     | 0.00%             | 2028-09-21      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| EBAY INC                                                                   | eBay Inc                                                                         | CUSIP: 278642AW3<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |    305000 | PA      | $282039.07    | 0.01%             | 2030-03-11      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT LIGHT & PWR                                                    | Connecticut Light and Power Co/The                                               | CUSIP: 207597ER2<br>LEI: 549300O45IUXEDS1VZ32 | Long             | DBT              | CORP              | US        |    130000 | PA      | $130876.58    | 0.00%             | 2029-01-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| DCLI BIDCO LLC                                                             | Dcli Bidco LLC                                                                   | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |    145000 | PA      | $147909.06    | 0.00%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                                                   | Sumitomo Mitsui Trust Bank Ltd                                                   | CUSIP: 86563VBZ1<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    435000 | PA      | $437443.98    | 0.01%             | 2030-03-13      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BRITISH COLUMBIA PROV OF                                                   | Province of British Columbia Canada                                              | CUSIP: 110709AJ1<br>LEI: 54930058TO7MEKUHWL16 | Long             | DBT              | NUSS              | CA        |    615000 | PA      | $628819.79    | 0.01%             | 2028-11-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC                                                       | Noble Finance II LLC                                                             | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    435000 | PA      | $442548.72    | 0.01%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                                   | RTX Corp                                                                         | CUSIP: 75513EBY6<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31672.03     | 0.00%             | 2027-08-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PDG8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1015000 | PA      | $1022975.79   | 0.02%             | 2028-07-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| EOG RESOURCES INC                                                          | EOG Resources Inc                                                                | CUSIP: 26875PAX9<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    255000 | PA      | $255721.87    | 0.01%             | 2028-07-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                                                   | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $114758.60    | 0.00%             | 2026-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                                                     | Commonwealth Bank of Australia                                                   | CUSIP: 2027A0KX6<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |    310000 | PA      | $313636.17    | 0.01%             | 2030-03-14      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| NORDSON CORP                                                               | Nordson Corp                                                                     | CUSIP: 655663AA0<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | DBT              | CORP              | US        |    115000 | PA      | $118290.40    | 0.00%             | 2028-09-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc                                                        | Gilead Sciences Inc                                                              | CUSIP: 375558BM4<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    480000 | PA      | $470339.53    | 0.01%             | 2027-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| KOREA MIDLAND POWER CO                                                     | Korea Midland Power Co Ltd                                                       | CUSIP: 000000000<br>LEI: 988400Z1HCY1QUPS1W65 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $193520.28    | 0.00%             | 2026-08-09      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 3128MFKU1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    304711 | PA      | $290580.65    | 0.01%             | 2033-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LABORATORY CORP OF AMER                                                    | Laboratory Corp of America Holdings                                              | CUSIP: 50540RAU6<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9851.07      | 0.00%             | 2027-09-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Simon Property Group LP                                                    | Simon Property Group LP                                                          | CUSIP: 828807DC8<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |    225000 | PA      | $221088.53    | 0.00%             | 2027-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                           | Deutsche Bank AG/New York NY                                                     | CUSIP: 25160PAH0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    440000 | PA      | $426810.10    | 0.01%             | 2028-01-07      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                                                    | Exxon Mobil Corp                                                                 | CUSIP: 30231GBD3<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    217000 | PA      | $212876.50    | 0.00%             | 2026-08-16      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| CNAC HK Finbridge Co Ltd                                                   | CNAC HK Finbridge Co Ltd                                                         | CUSIP: 000000000<br>LEI: 549300US1UQ7R7WABI28 | Long             | DBT              | CORP              | HK        |    600000 | PA      | $593484.89    | 0.01%             | 2027-07-19      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                              | Citigroup Inc                                                                    | CUSIP: 172967ML2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    700000 | PA      | $641050.56    | 0.01%             | 2031-01-29      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                                     | BP Capital Markets America Inc                                                   | CUSIP: 10373QAV2<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    265000 | PA      | $260351.38    | 0.01%             | 2027-01-16      | Fixed         | 3.02%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                   | Capital One Financial Corp                                                       | CUSIP: 14040HBK0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    395000 | PA      | $391303.19    | 0.01%             | 2026-07-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI CORP                                                            | Mitsubishi Corp                                                                  | CUSIP: 606769AJ6<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | DBT              | CORP              | JP        |    235000 | PA      | $239531.90    | 0.01%             | 2029-07-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PROVINCE OF QUEBEC                                                         | Province of Quebec Canada                                                        | CUSIP: 748148SD6<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |   1265000 | PA      | $1252029.16   | 0.03%             | 2028-04-13      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PAX4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    810000 | PA      | $809096.04    | 0.02%             | 2029-12-05      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MAY6<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    140000 | PA      | $137287.20    | 0.00%             | 2028-01-17      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| AIRPORT AUTHORITY HK                                                       | Airport Authority                                                                | CUSIP: 00946AAL8<br>LEI: 254900748HGC4RBR4O84 | Long             | DBT              | NUSS              | HK        |    400000 | PA      | $405794.70    | 0.01%             | 2028-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                        | Petroleos Mexicanos                                                              | CUSIP: 71654QCB6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    750000 | PA      | $753389.62    | 0.02%             | 2026-08-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| GATES CORPORATION/DE                                                       | Gates Corp/DE                                                                    | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |    170000 | PA      | $175096.25    | 0.00%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397G23<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196439.23    | 0.00%             | 2029-09-06      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR                                                   | Corp Financiera de Desarrollo SA                                                 | CUSIP: 000000000<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |    200000 | PA      | $206061.22    | 0.00%             | 2029-04-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                                     | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BG5<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    235000 | PA      | $233945.05    | 0.01%             | 2027-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140J8RJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    276650 | PA      | $268431.40    | 0.01%             | 2032-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ABU DHABI NATIONAL ENERG                                                   | Abu Dhabi National Energy Co PJSC                                                | CUSIP: 000000000<br>LEI: 213800UNJSVQFNUYYW03 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $187240.24    | 0.00%             | 2028-04-29      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                 | AbbVie Inc                                                                       | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1610000 | PA      | $1535157.70   | 0.03%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397E74<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    225000 | PA      | $226521.66    | 0.01%             | 2027-05-17      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| KASIKORNBANK PCL HK                                                        | Kasikornbank PCL/Hong Kong                                                       | CUSIP: 000000000<br>LEI: 5493004COSQ54937AW41 | Long             | DBT              | CORP              | TH        |    400000 | PA      | $389759.27    | 0.01%             | 2031-10-02      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132D6BH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3002593 | PA      | $2657714.91   | 0.06%             | 2037-02-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                   | EQT Corp                                                                         | CUSIP: 26884LAY5<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    170000 | PA      | $175133.64    | 0.00%             | 2029-04-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| KONTOOR BRANDS INC                                                         | Kontoor Brands Inc                                                               | CUSIP: 50050NAA1<br>LEI: 549300M0CPXV65RFF271 | Long             | DBT              | CORP              | US        |    115000 | PA      | $106972.88    | 0.00%             | 2029-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                                     | Blackstone Private Credit Fund                                                   | CUSIP: 09261HBR7<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44828.59     | 0.00%             | 2027-09-26      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MCKESSON CORP                                                              | McKesson Corp                                                                    | CUSIP: 581557BT1<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116828.83    | 0.00%             | 2028-07-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NORTH HAVEN PRIVATE INC                                                    | North Haven Private Income Fund LLC                                              | CUSIP: 65960NAB6<br>LEI: 2549002BFPESF1EH2765 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89035.83     | 0.00%             | 2030-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| STATE OF ISRAEL                                                            | Israel Government International Bond                                             | CUSIP: 46514BRN9<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    600000 | PA      | $610330.60    | 0.01%             | 2029-03-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                                          | General Motors Co                                                                | CUSIP: 37045VAU4<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    490000 | PA      | $509544.52    | 0.01%             | 2027-10-01      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust                                                | Volkswagen Auto Lease Trust 2025-A                                               | CUSIP: 92868WAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $500960.40    | 0.01%             | 2028-06-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                                     | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    400000 | PA      | $409984.66    | 0.01%             | 2029-03-24      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                           | Altice France SA                                                                 | CUSIP: 02156LAA9<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    520000 | PA      | $484348.61    | 0.01%             | 2027-02-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| CAMDEN PROPERTY TRUST                                                      | Camden Property Trust                                                            | CUSIP: 133131AZ5<br>LEI: 5493002MYX22OHYJBD89 | Long             | DBT              |  | US        |    200000 | PA      | $185496.38    | 0.00%             | 2030-05-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| BANK LEUMI LE-ISRAEL                                                       | Bank Leumi Le-Israel BM                                                          | CUSIP: 000000000<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | DBT              | CORP              | IL        |    200000 | PA      | $200566.73    | 0.00%             | 2027-07-27      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ADANI PORTS AND SPECIAL                                                    | Adani Ports & Special Economic Zone Ltd                                          | CUSIP: 000000000<br>LEI: 335800QOAXP5TM7OYP69 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $189748.27    | 0.00%             | 2029-07-03      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| KHAZANAH GLOBAL SUKUK                                                      | Khazanah Global Sukuk Bhd                                                        | CUSIP: 000000000<br>LEI: 213800VIN16ILYRCKD86 | Long             | DBT              | CORP              | MY        |    400000 | PA      | $401986.79    | 0.01%             | 2028-06-01      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                     | Standard Chartered PLC                                                           | CUSIP: 853254CX6<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $214634.60    | 0.00%             | 2030-02-08      | Fixed         | 7.02%                 | No            |                  2 | On Loan: No      |
| MASSMUTUAL GLOBAL FUNDIN                                                   | MassMutual Global Funding II                                                     | CUSIP: 57629TBW6<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200820.58    | 0.00%             | 2028-03-27      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CLEARWATER PAPER CORP                                                      | Clearwater Paper Corp                                                            | CUSIP: 18538RAJ2<br>LEI: 549300HCVV19GXN4P292 | Long             | DBT              | CORP              | US        |     80000 | PA      | $75444.23     | 0.00%             | 2028-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                                                           | Coca-Cola Co/The                                                                 | CUSIP: 191216DD9<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    334000 | PA      | $308870.77    | 0.01%             | 2028-03-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| ERP OPERATING LP                                                           | ERP Operating LP                                                                 | CUSIP: 26884ABM4<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              |  | US        |    180000 | PA      | $165349.40    | 0.00%             | 2030-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                         | Realty Income Corp                                                               | CUSIP: 756109BS2<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |     20000 | PA      | $20169.02     | 0.00%             | 2028-12-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS                                                   | Public Service Enterprise Group Inc                                              | CUSIP: 744573AY2<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    260000 | PA      | $266438.44    | 0.01%             | 2029-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| HUNTSMAN INTERNATIONAL L                                                   | Huntsman International LLC                                                       | CUSIP: 44701QBE1<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |    220000 | PA      | $209160.59    | 0.00%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                                        | Braskem Netherlands Finance BV                                                   | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $283954.30    | 0.01%             | 2030-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ZEGONA FINANCE PLC                                                         | Zegona Finance PLC                                                               | CUSIP: 98927UAA5<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |    275000 | PA      | $292929.42    | 0.01%             | 2029-07-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                                       | YPF SA                                                                           | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    200000 | PA      | $206631.69    | 0.00%             | 2029-06-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| AIR LIQUIDE FINANCE                                                        | Air Liquide Finance SA                                                           | CUSIP: 00913RAF3<br>LEI: 549300YGXL5Z3R14K812 | Long             | DBT              | CORP              | FR        |    210000 | PA      | $194499.80    | 0.00%             | 2029-09-10      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | WISCONSIN ST GEN FUND ANNUAL APPROP REVENUE                                      | CUSIP: 977100GH3<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    215000 | PA      | $211527.33    | 0.00%             | 2027-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                                           | Duke Energy Corp                                                                 | CUSIP: 26441CBP9<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    189000 | PA      | $181055.31    | 0.00%             | 2082-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NASDAQ INC                                                                 | Nasdaq Inc                                                                       | CUSIP: 63111XAH4<br>LEI: 549300L8X1Q78ERXFD06 | Long             | DBT              | CORP              | US        |    372000 | PA      | $381920.31    | 0.01%             | 2028-06-28      | Fixed         | 5.35%                 | No            |                  2 | On Loan: —       |
| PRICOA GLOBAL FUNDING 1                                                    | Pricoa Global Funding I                                                          | CUSIP: 74153WCP2<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |    495000 | PA      | $478336.32    | 0.01%             | 2026-09-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| SIMMONS FOOD INC/SIMMONS                                                   | Simmons Foods Inc/Simmons Prepared Foods Inc/Simmons Pet Food Inc/Simmons Feed   | CUSIP: 82873MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $246087.24    | 0.01%             | 2029-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                     | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406RAV9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    180000 | PA      | $173055.35    | 0.00%             | 2026-10-15      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| IBM INTERNAT CAPITAL                                                       | IBM International Capital Pte Ltd                                                | CUSIP: 449276AC8<br>LEI: 2549007KTXQQBYZO7485 | Long             | DBT              | CORP              | SG        |    180000 | PA      | $181227.23    | 0.00%             | 2029-02-05      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING                                                         | CNO Global Funding                                                               | CUSIP: 18977W2D1<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |    215000 | PA      | $219877.45    | 0.00%             | 2027-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                              | Citigroup Inc                                                                    | CUSIP: 172967JC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    325000 | PA      | $323789.84    | 0.01%             | 2026-11-20      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ESCROW RCN CORP                                                            | ESCROW RCN CORP                                                                  | CUSIP: 749ESCAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $0.00         | 0.00%             | 2023-04-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| WASTE MANAGEMENT INC                                                       | Waste Management Inc                                                             | CUSIP: 94106LCA5<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    185000 | PA      | $182123.87    | 0.00%             | 2029-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KEN GARFF AUTOMOTIVE LLC                                                   | Ken Garff Automotive LLC                                                         | CUSIP: 48850PAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    152000 | PA      | $147983.66    | 0.00%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FRANKLIN BSP CAPITAL CO                                                    | Franklin BSP Capital Corp                                                        | CUSIP: 35250VAB0<br>LEI: 549300KJEVMKATLINB36 | Long             | DBT              | CORP              | US        |    135000 | PA      | $139888.76    | 0.00%             | 2029-06-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                                                   | Devon Energy Corp                                                                | CUSIP: 25179MBD4<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    165000 | PA      | $165338.58    | 0.00%             | 2027-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Realty Income Corp                                                         | Realty Income Corp                                                               | CUSIP: 756109AU8<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |    195000 | PA      | $191868.25    | 0.00%             | 2028-01-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                                     | Match Group Holdings II LLC                                                      | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    143000 | PA      | $139724.85    | 0.00%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Republic of Panama                                                         | Panama Government International Bond                                             | CUSIP: 698299AD6<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    350000 | PA      | $378303.20    | 0.01%             | 2027-09-30      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                                        | Nomura Holdings Inc                                                              | CUSIP: 65535HBC2<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $206236.75    | 0.00%             | 2029-07-06      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                                    | HCA Inc                                                                          | CUSIP: 404119BU2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    390000 | PA      | $389238.79    | 0.01%             | 2027-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                                   | Rogers Communications Inc                                                        | CUSIP: 775109BS9<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    260000 | PA      | $256916.89    | 0.01%             | 2082-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                                          | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    470000 | PA      | $86998.98     | 0.00%             | 2027-11-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OmGrid Funding Ltd                                                         | OmGrid Funding Ltd                                                               | CUSIP: 000000000<br>LEI: 549300L1HIVZ83RMAP18 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $200749.78    | 0.00%             | 2027-05-16      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ARABIAN CENTRES SUKUK II                                                   | Arabian Centres Sukuk II Ltd                                                     | CUSIP: 000000000<br>LEI: 549300X92PKHJD8UYG94 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $377026.88    | 0.01%             | 2026-10-07      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Roper Technologies Inc                                                     | Roper Technologies Inc                                                           | CUSIP: 776743AF3<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84374.19     | 0.00%             | 2028-09-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                     | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822CE2<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    315000 | PA      | $312421.53    | 0.01%             | 2028-04-19      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| OMNICOM GROUP INC                                                          | Omnicom Group Inc                                                                | CUSIP: 681919BB1<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | DBT              | CORP              | US        |    180000 | PA      | $163005.36    | 0.00%             | 2030-04-30      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                                                     | CenterPoint Energy Inc                                                           | CUSIP: 15189TBG1<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    220000 | PA      | $226508.09    | 0.01%             | 2029-06-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                                                           | Coca-Cola Co/The                                                                 | CUSIP: 191216DJ6<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |     90000 | PA      | $84512.63     | 0.00%             | 2028-03-05      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                                                       | Freeport-McMoRan Inc                                                             | CUSIP: 35671DCG8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    175000 | PA      | $173303.52    | 0.00%             | 2028-08-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| KOOKMIN BANK                                                               | Kookmin Bank                                                                     | CUSIP: 000000000<br>LEI: 549300XXMOJSIW8P4769 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $199886.39    | 0.00%             | 2028-05-08      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FUNDING LLC                                                     | NXP BV / NXP Funding LLC                                                         | CUSIP: 62947QBC1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    180000 | PA      | $185383.21    | 0.00%             | 2028-12-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES                                                   | International Flavors & Fragrances Inc                                           | CUSIP: 459506AK7<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69631.62     | 0.00%             | 2028-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY PENN ELECTRI                                                   | FirstEnergy Pennsylvania Electric Co                                             | CUSIP: 591894CC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $167908.97    | 0.00%             | 2029-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                                   | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    350000 | PA      | $357567.23    | 0.01%             | 2029-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                                                | Walmart Inc                                                                      | CUSIP: 931142ES8<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    685000 | PA      | $633162.67    | 0.01%             | 2028-09-22      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EXF1<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    210000 | PA      | $210803.83    | 0.00%             | 2027-01-08      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                                                | Chemours Co/The                                                                  | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    180000 | PA      | $152534.19    | 0.00%             | 2029-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                         | Ally Financial Inc                                                               | CUSIP: 02005NBW9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116453.79    | 0.00%             | 2031-01-17      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ACH8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    625000 | PA      | $640377.86    | 0.01%             | 2028-06-26      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| SWISS RE FINANCE LUX                                                       | Swiss Re Finance Luxembourg SA                                                   | CUSIP: 87089NAA8<br>LEI: 549300CLQZ6TM98LW631 | Long             | DBT              | CORP              | LU        |    225000 | PA      | $224618.39    | 0.01%             | 2049-04-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| S&P GLOBAL INC                                                             | S&P Global Inc                                                                   | CUSIP: 78409VBH6<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    504000 | PA      | $489978.31    | 0.01%             | 2027-03-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| HELMERICH & PAYNE INC                                                      | Helmerich & Payne Inc                                                            | CUSIP: 423452AM3<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | DBT              | CORP              | US        |    110000 | PA      | $106281.34    | 0.00%             | 2029-12-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: —       |
| CHARTER COMM OPT LLC/CAP                                                   | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    442000 | PA      | $437146.92    | 0.01%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                          | HSBC Holdings PLC                                                                | CUSIP: 404280EM7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    525000 | PA      | $530471.08    | 0.01%             | 2028-11-19      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SHANGHAI COMMERCIAL BANK                                                   | Shanghai Commercial Bank Ltd                                                     | CUSIP: 000000000<br>LEI: 549300DLWZLXC60CXS69 | Long             | DBT              | CORP              | HK        |    250000 | PA      | $254997.46    | 0.01%             | 2033-02-28      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                                           | Ryder System Inc                                                                 | CUSIP: 78355HLD9<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55629.36     | 0.00%             | 2029-12-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AMEREN CORP                                                                | Ameren Corp                                                                      | CUSIP: 023608AQ5<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |    180000 | PA      | $182975.40    | 0.00%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CTR PARTNERSHIP/CARETRST                                                   | CTR Partnership LP / CareTrust Capital Corp                                      | CUSIP: 126458AE8<br>LEI: N/A                  | Long             | DBT              |  | US        |    135000 | PA      | $130431.55    | 0.00%             | 2028-06-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| BANK OF EAST ASIA LTD                                                      | Bank of East Asia Ltd/The                                                        | CUSIP: 000000000<br>LEI: CO6GC26LCGGRTUESIP55 | Long             | DBT              | CORP              | HK        |    250000 | PA      | $246691.15    | 0.01%             | 2032-04-22      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BK/NY                                                   | National Australia Bank Ltd/New York                                             | CUSIP: 632525CK5<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |    250000 | PA      | $251792.80    | 0.01%             | 2030-06-13      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CFC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  29479000 | PA      | $28087959.69  | 0.63%             | 2029-07-31      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                                                   | Burlington Northern Santa Fe LLC                                                 | CUSIP: 12189LBA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $176942.87    | 0.00%             | 2027-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                                                | Southern Co/The                                                                  | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    339000 | PA      | $333836.51    | 0.01%             | 2051-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CNPC GLOBAL CAPITAL                                                        | CNPC Global Capital Ltd                                                          | CUSIP: 000000000<br>LEI: 254900BS1UPERUNF4860 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $180457.61    | 0.00%             | 2030-06-23      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Nucor Corp                                                                 | Nucor Corp                                                                       | CUSIP: 670346AP0<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79226.53     | 0.00%             | 2028-05-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                                          | Iliad Holding SASU                                                               | CUSIP: 449691AC8<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    275000 | PA      | $279115.77    | 0.01%             | 2028-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XDA1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    181000 | PA      | $174182.95    | 0.00%             | 2027-08-20      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| QatarEnergy                                                                | QatarEnergy                                                                      | CUSIP: 000000000<br>LEI: 254900QTESJKJ3P87J26 | Long             | DBT              | CORP              | QA        |    600000 | PA      | $579444.97    | 0.01%             | 2026-09-12      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                                                     | Marvell Technology Inc                                                           | CUSIP: 573874AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    195000 | PA      | $202448.58    | 0.00%             | 2029-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                                  | Apple Inc                                                                        | CUSIP: 037833ET3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    530000 | PA      | $529706.46    | 0.01%             | 2028-05-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                       | Edison International                                                             | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    175000 | PA      | $172893.44    | 0.00%             | 2053-06-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                                      | Foundry JV Holdco LLC                                                            | CUSIP: 350930AB9<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    245000 | PA      | $255643.03    | 0.01%             | 2030-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                               | Alphabet Inc                                                                     | CUSIP: 02079KAJ6<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    340000 | PA      | $318889.32    | 0.01%             | 2027-08-15      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                                    | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 654740BT5<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185235.60    | 0.00%             | 2028-03-09      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                                         | Banco Santander SA                                                               | CUSIP: 05964HBF1<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $406420.40    | 0.01%             | 2028-07-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| P&L DEV LLC/PLD FIN CORP                                                   | P&L Development LLC / PLD Finance Corp                                           | CUSIP: 69306RAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100081 | PA      | $103501.39    | 0.00%             | 2029-05-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                                                        | Ashtead Capital Inc                                                              | CUSIP: 045054AN3<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    225000 | PA      | $217780.49    | 0.00%             | 2026-08-12      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| TELENET FINANCE LUX NOTE                                                   | Telenet Finance Luxembourg Notes Sarl                                            | CUSIP: 000000000<br>LEI: 2138007RI9GLJPCC3E25 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $197185.64    | 0.00%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| APH/APH2/APH3/AQUARIAN                                                     | APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $231859.05    | 0.01%             | 2029-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                                                   | Constellation Brands Inc                                                         | CUSIP: 21036PBK3<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    249000 | PA      | $248227.51    | 0.01%             | 2027-05-09      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| BANCO INTERNAC DEL PERU                                                    | Banco Internacional del Peru SAA Interbank                                       | CUSIP: 000000000<br>LEI: 5493001TRCGXJLRLHN14 | Long             | DBT              | CORP              | PE        |    200000 | PA      | $196346.01    | 0.00%             | 2026-10-04      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                     | PNC Financial Services Group Inc/The                                             | CUSIP: 693475BX2<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    525000 | PA      | $542837.22    | 0.01%             | 2030-05-14      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                                                   | International Business Machines Corp                                             | CUSIP: 459200LG4<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    345000 | PA      | $349674.06    | 0.01%             | 2030-02-10      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 31418CYZ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40698 | PA      | $40158.61     | 0.00%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MTR CORP LTD                                                               | MTR Corp Ltd                                                                     | CUSIP: 000000000<br>LEI: 254900IH4U9NHH9AQM97 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $202208.88    | 0.00%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                                                   | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                       | CUSIP: 46590XAN6<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    100000 | PA      | $94885.95     | 0.00%             | 2029-02-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                               | Centene Corp                                                                     | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    600000 | PA      | $540212.06    | 0.01%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XBQ8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    331000 | PA      | $328320.09    | 0.01%             | 2026-10-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds                                       | Chile Government International Bonds                                             | CUSIP: 168863EB0<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    600000 | PA      | $607449.10    | 0.01%             | 2029-01-22      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                               | Ford Credit Auto Owner Trust 2024-A                                              | CUSIP: 34535EAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2100000 | PA      | $2116613.10   | 0.05%             | 2028-12-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                     | American Honda Finance Corp                                                      | CUSIP: 02665WFE6<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    220000 | PA      | $222854.07    | 0.01%             | 2029-03-13      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AIR PRODUCTS & CHEMICALS                                                   | Air Products and Chemicals Inc                                                   | CUSIP: 009158BN5<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100058.38    | 0.00%             | 2028-06-11      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                                                      | NGL Energy Operating LLC / NGL Energy Finance Corp                               | CUSIP: 62922LAC2<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |    280000 | PA      | $277176.19    | 0.01%             | 2029-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                                        | Wells Fargo Bank NA                                                              | CUSIP: 94988J6D4<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |    670000 | PA      | $676666.74    | 0.02%             | 2026-08-07      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| JDE PEET'S NV                                                              | JDE Peet's NV                                                                    | CUSIP: 47216QAB9<br>LEI: 724500EHG519SE5ZRT89 | Long             | DBT              | CORP              | NL        |    265000 | PA      | $251981.59    | 0.01%             | 2027-01-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FIN                                                    | Consolidated Energy Finance SA                                                   | CUSIP: 20914UAF3<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    170000 | PA      | $141742.97    | 0.00%             | 2028-10-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NUCOR CORP                                                                 | Nucor Corp                                                                       | CUSIP: 670346AZ8<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150891.94    | 0.00%             | 2030-06-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                                      | GFL Environmental Inc                                                            | CUSIP: 36168QAL8<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $242188.81    | 0.01%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp                                                             | Starbucks Corp                                                                   | CUSIP: 855244AT6<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    300000 | PA      | $291505.98    | 0.01%             | 2029-08-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS                                                   | Public Service Enterprise Group Inc                                              | CUSIP: 744573BA3<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    185000 | PA      | $187240.13    | 0.00%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                                                   | Thermo Fisher Scientific Inc                                                     | CUSIP: 883556BZ4<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    250000 | PA      | $234054.92    | 0.01%             | 2029-10-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| General Mills Inc                                                          | General Mills Inc                                                                | CUSIP: 370334CG7<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |    345000 | PA      | $343439.90    | 0.01%             | 2028-04-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| UDR Inc                                                                    | UDR Inc                                                                          | CUSIP: 90265EAP5<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99782.07     | 0.00%             | 2029-01-26      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR                                                     | Blackstone Mortgage Trust Inc                                                    | CUSIP: 09257WAD2<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              |  | US        |    110000 | PA      | $106728.77    | 0.00%             | 2027-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                                                            | Xcel Energy Inc                                                                  | CUSIP: 98388MAB3<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    265000 | PA      | $253545.32    | 0.01%             | 2027-03-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                                                    | Bayer US Finance II LLC                                                          | CUSIP: 07274NAL7<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $1047559.80   | 0.02%             | 2028-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                   | Caterpillar Financial Services Corp                                              | CUSIP: 14913UAR1<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150712.04    | 0.00%             | 2027-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                                    | Sasol Financing USA LLC                                                          | CUSIP: 000000000<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    400000 | PA      | $399124.91    | 0.01%             | 2029-05-03      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                          | Newell Brands Inc                                                                | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    160000 | PA      | $159075.48    | 0.00%             | 2029-09-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| LANDWIRTSCH. RENTENBANK                                                    | Landwirtschaftliche Rentenbank                                                   | CUSIP: 515110CF9<br>LEI: 529900Z3J0N6S0F7CT25 | Long             | DBT              | CORP              | DE        |    181000 | PA      | $185101.38    | 0.00%             | 2029-04-17      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                                                | Oracle Corp                                                                      | CUSIP: 68389XBV6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $930470.17    | 0.02%             | 2030-04-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| BEAZER HOMES USA                                                           | Beazer Homes USA Inc                                                             | CUSIP: 07556QBR5<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124683.39    | 0.00%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                           | T-Mobile USA Inc                                                                 | CUSIP: 87264ABV6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    755000 | PA      | $725492.44    | 0.02%             | 2029-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                   | European Investment Bank                                                         | CUSIP: 298785KC9<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |   1555000 | PA      | $1599714.34   | 0.04%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                          | State Street Corp                                                                | CUSIP: 857477CD3<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    360000 | PA      | $362663.13    | 0.01%             | 2026-08-03      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                                     | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $353888.96    | 0.01%             | 2029-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ATP TOW/ANDEAN TELECOM                                                     | ATP Tower Holdings / Andean Telecom Partners Chile SpA / Andean Tower Partners C | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    200000 | PA      | $203221.96    | 0.00%             | 2030-02-03      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                                      | Uber Technologies Inc                                                            | CUSIP: 90353TAE0<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    637000 | PA      | $639391.32    | 0.01%             | 2027-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC                                                         | Conagra Brands Inc                                                               | CUSIP: 205887CK6<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150300.37    | 0.00%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 3132KFWH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    241502 | PA      | $231112.71    | 0.01%             | 2032-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Visa Inc                                                                   | Visa Inc                                                                         | CUSIP: 92826CAH5<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58375.41     | 0.00%             | 2027-09-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                         | Energy Transfer LP                                                               | CUSIP: 29273VAS9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    300000 | PA      | $313782.43    | 0.01%             | 2028-12-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| BANIJAY ENTERTAINMENT                                                      | Banijay Entertainment SAS                                                        | CUSIP: 060335AB2<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |    135000 | PA      | $139981.03    | 0.00%             | 2029-05-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                                    | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAC9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    237000 | PA      | $227351.59    | 0.01%             | 2026-09-16      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                               | Navient Corp                                                                     | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    215000 | PA      | $212600.81    | 0.00%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASSOC BANC-CORP                                                            | Associated Banc-Corp                                                             | CUSIP: 045487AD7<br>LEI: 549300N3CIN473IW5094 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72143.74     | 0.00%             | 2030-08-29      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                      | Athene Global Funding                                                            | CUSIP: 04685A2V2<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    265000 | PA      | $250976.58    | 0.01%             | 2028-03-24      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                                             | Air Lease Corp                                                                   | CUSIP: 00914AAV4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152699.41    | 0.00%             | 2029-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Unilever Capital Corp                                                      | Unilever Capital Corp                                                            | CUSIP: 904764AY3<br>LEI: MYF1DAS6G5WY7PRWCU78 | Long             | DBT              | CORP              | US        |    290000 | PA      | $283793.16    | 0.01%             | 2027-05-05      | Fixed         | 2.90%                 | 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        |    150000 | PA      | $156176.82    | 0.00%             | 2029-07-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                                                   | British Telecommunications PLC                                                   | CUSIP: 11102AAF8<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $148054.34    | 0.00%             | 2081-11-23      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| China Government International Bonds                                       | China Government International Bonds                                             | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    400000 | PA      | $387474.47    | 0.01%             | 2026-10-26      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ACE5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155574.80    | 0.00%             | 2030-04-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CHEVRON PHILLIPS CHEM CO                                                   | Chevron Phillips Chemical Co LLC / Chevron Phillips Chemical Co LP               | CUSIP: 166754AX9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $126014.06    | 0.00%             | 2030-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                     | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607PHT4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    225000 | PA      | $224929.67    | 0.01%             | 2027-09-11      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TGU3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    225000 | PA      | $203903.11    | 0.00%             | 2030-02-13      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                                                   | Hudson Pacific Properties LP                                                     | CUSIP: 44409MAC0<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |    120000 | PA      | $96057.26     | 0.00%             | 2030-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140QHP33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1105976 | PA      | $1032854.10   | 0.02%             | 2036-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HANWHA Q CELLS AMERICA                                                     | Hanwha Q Cells Americas Holdings Corp                                            | CUSIP: 000000000<br>LEI: 988400471QDZGCLXRM35 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201889.94    | 0.00%             | 2028-07-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW FORTRESS ENERGY INC                                                    | New Fortress Energy Inc                                                          | CUSIP: 644393AC4<br>LEI: 254900EICTYTCHA5X705 | Long             | DBT              | CORP              | US        |     15000 | PA      | $3500.39      | 0.00%             | 2029-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES TRUST                                       | Mercedes-Benz Auto Receivables Trust 2025-1                                      | CUSIP: 58773DAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1008292.59   | 0.02%             | 2029-12-17      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| KOREA GAS CORP                                                             | Korea Gas Corp                                                                   | CUSIP: 50066CAQ2<br>LEI: 988400TFZILHBD5M3R71 | Long             | DBT              | NUSS              | KR        |    400000 | PA      | $387615.20    | 0.01%             | 2026-07-13      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| ELASTIC NV                                                                 | Elastic NV                                                                       | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |    170000 | PA      | $161652.05    | 0.00%             | 2029-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| HALEON US CAPITAL LLC                                                      | Haleon US Capital LLC                                                            | CUSIP: 36264FAL5<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |    265000 | PA      | $256003.82    | 0.01%             | 2029-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                 | US Bancorp                                                                       | CUSIP: 91159HJF8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    775000 | PA      | $776212.29    | 0.02%             | 2028-07-22      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK OP LLC                                                          | Healthpeak OP LLC                                                                | CUSIP: 42250PAA1<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              |  | US        |    290000 | PA      | $271503.25    | 0.01%             | 2030-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PPG INDUSTRIES INC                                                         | PPG Industries Inc                                                               | CUSIP: 693506BS5<br>LEI: 549300BKPEP01R3V6C59 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91021.77     | 0.00%             | 2030-06-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                                           | Ryder System Inc                                                                 | CUSIP: 78355HLC1<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |     80000 | PA      | $81043.22     | 0.00%             | 2029-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                                           | Altria Group Inc                                                                 | CUSIP: 02209SBS1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    155000 | PA      | $156411.69    | 0.00%             | 2028-02-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                           | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FMTT9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    450000 | PA      | $397234.30    | 0.01%             | 2034-04-25      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                             | Morgan Stanley                                                                   | CUSIP: 61747YFF7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    670000 | PA      | $687848.42    | 0.02%             | 2029-07-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                        | Southern California Edison Co                                                    | CUSIP: 842400EB5<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15640.70     | 0.00%             | 2029-04-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                                             | Mastercard Inc                                                                   | CUSIP: 57636QAR5<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    345000 | PA      | $340454.37    | 0.01%             | 2027-03-26      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| JAPAN INT'L COOP AGENCY                                                    | Japan International Cooperation Agency                                           | CUSIP: 47109LAJ3<br>LEI: 254900XEIG78M2AJB031 | Long             | DBT              | NUSS              | JP        |    300000 | PA      | $300627.21    | 0.01%             | 2030-05-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                                           | CSC Holdings LLC                                                                 | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    605000 | PA      | $478259.33    | 0.01%             | 2029-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL                                                   | Jackson National Life Global Funding                                             | CUSIP: 46849LVC2<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150512.62    | 0.00%             | 2027-01-13      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                         | Banco Santander SA                                                               | CUSIP: 05964HAF2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    250000 | PA      | $245410.54    | 0.01%             | 2028-02-23      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| DELHI INTL AIRPORT                                                         | Delhi International Airport Ltd                                                  | CUSIP: 000000000<br>LEI: 335800HBF5DARYMEUD12 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $205648.90    | 0.00%             | 2029-06-04      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| BSF SUKUK CO LIMITED                                                       | BSF Sukuk Co Ltd                                                                 | CUSIP: 000000000<br>LEI: 2549001XXO8PLKLMHF84 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $201217.67    | 0.00%             | 2029-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ZIGGO BV                                                                   | Ziggo BV                                                                         | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |    290000 | PA      | $267641.81    | 0.01%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                                                   | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    155000 | PA      | $141135.80    | 0.00%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397C68<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    365000 | PA      | $386002.18    | 0.01%             | 2030-03-06      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| ATI INC                                                                    | ATI Inc                                                                          | CUSIP: 01741RAH5<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129780.55    | 0.00%             | 2027-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132CWYG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    646345 | PA      | $615377.02    | 0.01%             | 2037-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GENERAL DYNAMICS CORP                                                      | General Dynamics Corp                                                            | CUSIP: 369550BL1<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |    375000 | PA      | $371139.68    | 0.01%             | 2027-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                                                            | DTE Electric Co                                                                  | CUSIP: 23338VAU0<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    185000 | PA      | $186511.44    | 0.00%             | 2026-12-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                                                   | Constellation Brands Inc                                                         | CUSIP: 21036PBQ0<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    185000 | PA      | $186469.34    | 0.00%             | 2029-01-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                     | Santander Drive Auto Receivables Trust 2024-4                                    | CUSIP: 802919AF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $251669.76    | 0.01%             | 2031-12-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                                          | Ares Capital Corp                                                                | CUSIP: 04010LBE2<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205938.30    | 0.00%             | 2027-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140E9J80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     41309 | PA      | $40122.67     | 0.00%             | 2031-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CLP POWER HK FINANCING                                                     | CLP Power Hong Kong Financing Ltd                                                | CUSIP: 000000000<br>LEI: 254900SBJOP9O3YV1271 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $180536.87    | 0.00%             | 2030-06-30      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV                                                   | Asian Infrastructure Investment Bank/The                                         | CUSIP: 000000000<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |    120000 | PA      | $119830.59    | 0.00%             | 2027-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FIRST-CITIZENS BANK/TRST                                                   | First-Citizens Bank & Trust Co                                                   | CUSIP: 125581GX0<br>LEI: L9VVX1KT5TFTKS0MLF66 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46542.26     | 0.00%             | 2028-03-09      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                                    | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153AW2<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    170000 | PA      | $165524.92    | 0.00%             | 2028-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                                                   | Plains All American Pipeline LP / PAA Finance Corp                               | CUSIP: 72650RBL5<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |    145000 | PA      | $144942.57    | 0.00%             | 2026-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                                          | Vedanta Resources Finance II PLC                                                 | CUSIP: 000000000<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $409643.01    | 0.01%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: —       |
| MUTUAL OF OMAHA GLOBAL                                                     | Mutual of Omaha Cos Global Funding                                               | CUSIP: 62829D2D1<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253135.58    | 0.01%             | 2027-04-09      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                                                | Vistra Operations Co LLC                                                         | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    435000 | PA      | $432830.95    | 0.01%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                                                         | Ingersoll Rand Inc                                                               | CUSIP: 45687VAD8<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |    220000 | PA      | $225328.67    | 0.01%             | 2029-06-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EYD5<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200316.42    | 0.00%             | 2028-06-05      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| RAYMOND JAMES FINANCIAL                                                    | Raymond James Financial Inc                                                      | CUSIP: 754730AG4<br>LEI: RGUZHJ05YTITL6D76949 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151497.47    | 0.00%             | 2030-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                                                    | Corebridge Global Funding                                                        | CUSIP: 00138CAU2<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    215000 | PA      | $217592.97    | 0.00%             | 2026-07-02      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION                                                   | FirstEnergy Transmission LLC                                                     | CUSIP: 33767BAD1<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |    150000 | PA      | $142717.72    | 0.00%             | 2028-09-15      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                                                   | Thermo Fisher Scientific Inc                                                     | CUSIP: 883556DA7<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    360000 | PA      | $368299.77    | 0.01%             | 2029-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                                                             | AutoNation Inc                                                                   | CUSIP: 05329WAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $99132.14     | 0.00%             | 2030-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                            | Danske Bank A/S                                                                  | CUSIP: 23636ABH3<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    395000 | PA      | $408505.14    | 0.01%             | 2030-03-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                    | Bristol-Myers Squibb Co                                                          | CUSIP: 110122EF1<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    580000 | PA      | $591012.45    | 0.01%             | 2029-02-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                                      | Mineral Resources Ltd                                                            | CUSIP: 603051AD5<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    175000 | PA      | $177924.77    | 0.00%             | 2030-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| HYATT HOTELS CORP                                                          | Hyatt Hotels Corp                                                                | CUSIP: 448579AU6<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75778.90     | 0.00%             | 2028-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PBP0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    900000 | PA      | $833005.79    | 0.02%             | 2031-05-13      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                                    | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153AG7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    105000 | PA      | $110573.55    | 0.00%             | 2027-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                           | Societe Generale SA                                                              | CUSIP: 83368RBW1<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $204541.34    | 0.00%             | 2030-01-19      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2020-1 A PTT                                                    | United Airlines 2020-1 Class A Pass Through Trust                                | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    365089 | PA      | $371693.77    | 0.01%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CFY2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18700000 | PA      | $18656171.88  | 0.42%             | 2029-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp                                                             | Air Lease Corp                                                                   | CUSIP: 00912XAV6<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    190000 | PA      | $187579.60    | 0.00%             | 2027-04-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                                                | PepsiCo Inc                                                                      | CUSIP: 713448EL8<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    300000 | PA      | $282382.25    | 0.01%             | 2029-07-29      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| CHINA MODERN DAIRY HOLDI                                                   | China Modern Dairy Holdings Ltd                                                  | CUSIP: 000000000<br>LEI: 549300TAELI2JXTKK009 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $194796.95    | 0.00%             | 2026-07-14      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| ARROW ELECTRONICS INC                                                      | Arrow Electronics Inc                                                            | CUSIP: 04273WAF8<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |    175000 | PA      | $177350.49    | 0.00%             | 2029-08-21      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| OEKB OEST. KONTROLLBANK                                                    | Oesterreichische Kontrollbank AG                                                 | CUSIP: 676167CJ6<br>LEI: 5299000OVRLMF858L016 | Long             | DBT              | CORP              | AT        |    300000 | PA      | $302068.42    | 0.01%             | 2028-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NBN CO LTD                                                                 | NBN Co Ltd                                                                       | CUSIP: 62878U2D3<br>LEI: 2549007CRZ2NT7S96A24 | Long             | DBT              | CORP              | AU        |    140000 | PA      | $134527.01    | 0.00%             | 2027-01-08      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EWV7<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |     81000 | PA      | $82332.30     | 0.00%             | 2028-03-03      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                                   | National Rural Utilities Cooperative Finance Corp                                | CUSIP: 637432NS0<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146484.05    | 0.00%             | 2029-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES INC                                                   | Agilent Technologies Inc                                                         | CUSIP: 00846UAM3<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |    105000 | PA      | $93667.00     | 0.00%             | 2030-06-04      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                                   | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    310000 | PA      | $282507.01    | 0.01%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| INTER-AMERICAN DEVEL BK                                                    | Inter-American Development Bank                                                  | CUSIP: 4581X0DC9<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    630000 | PA      | $614864.00    | 0.01%             | 2028-09-18      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                                                | PepsiCo Inc                                                                      | CUSIP: 713448FW3<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    245000 | PA      | $247534.34    | 0.01%             | 2026-11-10      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| NEDER WATERSCHAPSBANK                                                      | Nederlandse Waterschapsbank NV                                                   | CUSIP: 63983TEJ0<br>LEI: JLP5FSPH9WPSHY3NIM24 | Long             | DBT              | NUSS              | NL        |    500000 | PA      | $504964.17    | 0.01%             | 2029-02-28      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HARLEY-DAVIDSON FINL SER                                                   | Harley-Davidson Financial Services Inc                                           | CUSIP: 41284VAC6<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |    230000 | PA      | $237856.66    | 0.01%             | 2028-03-10      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CLOROX COMPANY                                                             | Clorox Co/The                                                                    | CUSIP: 189054AY5<br>LEI: 54930044KVSC06Z79I06 | Long             | DBT              | CORP              | US        |    105000 | PA      | $104982.34    | 0.00%             | 2029-05-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140QLUA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2251393 | PA      | $2096977.88   | 0.05%             | 2036-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| THE CAMPBELLS COMPANY                                                      | The Campbell's Company                                                           | CUSIP: 134429BG3<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    380000 | PA      | $377434.41    | 0.01%             | 2028-03-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ACR6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    250000 | PA      | $263321.73    | 0.01%             | 2029-01-16      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PBJ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    930000 | PA      | $927241.22    | 0.02%             | 2031-03-24      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                      | Athene Global Funding                                                            | CUSIP: 04685A3Q2<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    350000 | PA      | $359849.37    | 0.01%             | 2029-01-09      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| PRA Health Sciences Inc                                                    | PRA Health Sciences Inc                                                          | CUSIP: 45569KAA1<br>LEI: 549300R1HR1VWWHIAK47 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195535.85    | 0.00%             | 2026-07-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds                                       | Chile Government International Bonds                                             | CUSIP: 168863DX3<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    400000 | PA      | $390245.48    | 0.01%             | 2027-01-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT BANK OF KAZA                                                   | Development Bank of Kazakhstan JSC                                               | CUSIP: 000000000<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | NUSS              | KZ        |    200000 | PA      | $202528.47    | 0.00%             | 2029-10-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY                                                    | Cooperatieve Rabobank UA/NY                                                      | CUSIP: 21688ABD3<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $253133.66    | 0.01%             | 2027-03-05      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                                            | AdaptHealth LLC                                                                  | CUSIP: 00653VAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $134451.19    | 0.00%             | 2028-08-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                                                          | Cisco Systems Inc                                                                | CUSIP: 17275RBW1<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    260000 | PA      | $262502.38    | 0.01%             | 2028-02-24      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                                    | Metropolitan Life Global Funding I                                               | CUSIP: 59217GFR5<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    240000 | PA      | $243964.26    | 0.01%             | 2029-01-08      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                      | Athene Global Funding                                                            | CUSIP: 04685A4E8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    325000 | PA      | $326470.24    | 0.01%             | 2027-01-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BLACKROCK CASH FUNDS                                                       | BlackRock Cash Funds: Treasury, SL Agency Shares                                 | CUSIP: 066922477<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  35019780 | NS      | $35033787.78  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CEF4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  24048000 | PA      | $23471223.87  | 0.53%             | 2027-03-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WESTPAC NEW ZEALAND LTD                                                    | Westpac New Zealand Ltd                                                          | CUSIP: 96122FAB3<br>LEI: 549300MW73M5PK1PNG73 | Long             | DBT              | CORP              | NZ        |    200000 | PA      | $201944.42    | 0.00%             | 2027-02-26      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78017DAM0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $300258.75    | 0.01%             | 2031-08-06      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140XHX36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1303399 | PA      | $1153690.78   | 0.03%             | 2037-08-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| HEICO CORP                                                                 | HEICO Corp                                                                       | CUSIP: 422806AA7<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | DBT              | CORP              | US        |    130000 | PA      | $132534.12    | 0.00%             | 2028-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                                         | Expand Energy Corp                                                               | CUSIP: 845467AR0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    280000 | PA      | $280353.60    | 0.01%             | 2029-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| INDIAN RAILWAY FINANCE                                                     | Indian Railway Finance Corp Ltd                                                  | CUSIP: 000000000<br>LEI: 335800F2JHSOGXQEBY56 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $196168.67    | 0.00%             | 2027-12-13      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| SNF GROUP SACA                                                             | SNF Group SACA                                                                   | CUSIP: 7846ELAD9<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |    130000 | PA      | $125424.15    | 0.00%             | 2027-03-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| WACHOVIA CORP                                                              | Wachovia Corp                                                                    | CUSIP: 337358BH7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102744.83    | 0.00%             | 2026-08-01      | Fixed         | 7.57%                 | No            |                  2 | On Loan: No      |
| HANWHA LIFE INSURANCE                                                      | Hanwha Life Insurance Co Ltd                                                     | CUSIP: 000000000<br>LEI: 988400ZKCI3R9DQHR320 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $195036.42    | 0.00%             | 2032-02-04      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                                        | Charles Schwab Corp/The                                                          | CUSIP: 808513CJ2<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    305000 | PA      | $321867.60    | 0.01%             | 2029-11-17      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| CubeSmart LP                                                               | CubeSmart LP                                                                     | CUSIP: 22966RAD8<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              |  | US        |     45000 | PA      | $44249.71     | 0.00%             | 2026-09-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CHX2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14382000 | PA      | $14581999.69  | 0.33%             | 2028-08-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Consumers Energy Co                                                        | Consumers Energy Co                                                              | CUSIP: 210518DC7<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98479.37     | 0.00%             | 2028-11-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| BIOCON BIOLOGICS GLOBAL                                                    | Biocon Biologics Global PLC                                                      | CUSIP: 000000000<br>LEI: 254900PMQN51VACG2D55 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $188534.12    | 0.00%             | 2029-10-09      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| MUTUAL OF OMAHA GLOBAL                                                     | Mutual of Omaha Cos Global Funding                                               | CUSIP: 62829D2A7<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101304.53    | 0.00%             | 2026-07-27      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                   | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668BS0<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    510000 | PA      | $506279.64    | 0.01%             | 2027-06-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                                     | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              |  | US        |    407000 | PA      | $403700.05    | 0.01%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                                                   | Sabine Pass Liquefaction LLC                                                     | CUSIP: 785592AX4<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    600000 | PA      | $596557.48    | 0.01%             | 2030-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ERAC USA Finance LLC                                                       | ERAC USA Finance LLC                                                             | CUSIP: 26884TAR3<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |    260000 | PA      | $256155.21    | 0.01%             | 2026-12-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140X5DK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    277595 | PA      | $265336.23    | 0.01%             | 2034-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                        | Toyota Auto Receivables 2025-C Owner Trust                                       | CUSIP: 89238VAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $748047.65    | 0.02%             | 2031-01-15      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| Flex Ltd                                                                   | Flex Ltd                                                                         | CUSIP: 33938XAA3<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |    155000 | PA      | $155615.45    | 0.00%             | 2029-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NORINCHUKIN BANK                                                           | Norinchukin Bank/The                                                             | CUSIP: 656029AN5<br>LEI: 5493007VSMFZCPV1NB83 | Long             | DBT              | CORP              | JP        |    205000 | PA      | $206908.09    | 0.00%             | 2029-10-16      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| TJX COS INC                                                                | TJX Cos Inc/The                                                                  | CUSIP: 872540AT6<br>LEI: V167QI9I69W364E2DY52 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24481.99     | 0.00%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                        | Medline Borrower LP                                                              | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    780000 | PA      | $765352.36    | 0.02%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                             | Home Depot Inc/The                                                               | CUSIP: 437076DB5<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253024.76    | 0.01%             | 2027-06-25      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GEORGIA-PACIFIC LLC                                                        | Georgia-Pacific LLC                                                              | CUSIP: 37331NAR2<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120227.02    | 0.00%             | 2028-06-30      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                           | Crown Castle Inc                                                                 | CUSIP: 22822VBA8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    465000 | PA      | $468882.39    | 0.01%             | 2028-01-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EXPORT DEVELOPMNT CANADA                                                   | Export Development Canada                                                        | CUSIP: 30216BKC5<br>LEI: Z6MHCSLXHKYG4B6PHW02 | Long             | DBT              | NUSS              | CA        |    945000 | PA      | $950073.28    | 0.02%             | 2029-02-13      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                                                     | Williams Cos Inc/The                                                             | CUSIP: 88339WAB2<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    420000 | PA      | $424445.45    | 0.01%             | 2029-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                                                      | Bread Financial Holdings Inc                                                     | CUSIP: 018581AP3<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |    280000 | PA      | $300381.32    | 0.01%             | 2029-03-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| BANCO VOTORANTIM SA/LUX                                                    | Banco Votorantim SA/Luxembourg                                                   | CUSIP: 000000000<br>LEI: X2EUTZGMHS8RBQFIUS93 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $203087.86    | 0.00%             | 2028-04-08      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BAKER HUGHES LLC/CO-OBL                                                    | Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc                          | CUSIP: 05723KAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    490000 | PA      | $478670.52    | 0.01%             | 2027-12-15      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                     | UnitedHealth Group Inc                                                           | CUSIP: 91324PEG3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    435000 | PA      | $430314.27    | 0.01%             | 2027-05-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| GUARDIAN LIFE GLOB FUND                                                    | Guardian Life Global Funding                                                     | CUSIP: 40139LBA0<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |     45000 | PA      | $41975.48     | 0.00%             | 2027-11-19      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                                        | Bank of Nova Scotia/The                                                          | CUSIP: 0641598K5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    355000 | PA      | $342957.63    | 0.01%             | 2026-09-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES DREDGE&DOCK                                                    | Great Lakes Dredge & Dock Corp                                                   | CUSIP: 390607AF6<br>LEI: 549300H65E3MZ1CX0P05 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94812.81     | 0.00%             | 2029-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                | BNP Paribas SA                                                                   | CUSIP: 09659W2H6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    260000 | PA      | $263867.15    | 0.01%             | 2030-01-10      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| DOVER CORP                                                                 | Dover Corp                                                                       | CUSIP: 260003AP3<br>LEI: 549300FMC2ALGA7N9E80 | Long             | DBT              | CORP              | US        |     85000 | PA      | $79883.71     | 0.00%             | 2029-11-04      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| CANPACK SA/CANPACK US                                                      | Canpack SA / Canpack US LLC                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    200000 | PA      | $186888.12    | 0.00%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTL GROUP                                                        | American International Group Inc                                                 | CUSIP: 026874DR5<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94950.91     | 0.00%             | 2030-06-30      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| PSP CAPITAL INC                                                            | PSP Capital Inc                                                                  | CUSIP: 69376P2E4<br>LEI: 549300B456N0WEIC5249 | Long             | DBT              | NUSS              | CA        |    400000 | PA      | $394828.95    | 0.01%             | 2029-10-02      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                      | Level 3 Financing Inc                                                            | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    145000 | PA      | $121530.02    | 0.00%             | 2029-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| KNOWLEDGE CITY INV GROUP                                                   | Knowledge City Guangzhou Investment Group Co Ltd                                 | CUSIP: 000000000<br>LEI: 836800EORCQ98V2FUW69 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $201344.02    | 0.00%             | 2028-03-11      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MidAmerican Energy Co                                                      | MidAmerican Energy Co                                                            | CUSIP: 595620AT2<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    325000 | PA      | $317618.15    | 0.01%             | 2029-04-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| MUTUAL OF OMAHA GLOBAL                                                     | Mutual of Omaha Cos Global Funding                                               | CUSIP: 62829D2G4<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49965.13     | 0.00%             | 2028-06-09      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                                                | PepsiCo Inc                                                                      | CUSIP: 713448GL6<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174206.84    | 0.00%             | 2029-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                                                | Oracle Corp                                                                      | CUSIP: 68389XBD6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94218.50     | 0.00%             | 2030-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                                          | Johnson & Johnson                                                                | CUSIP: 478160CK8<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    560000 | PA      | $545522.03    | 0.01%             | 2028-01-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397D42<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $210212.22    | 0.00%             | 2030-06-10      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| GREAT-WEST LIFECO FIN 18                                                   | Great-West Lifeco Finance 2018 LP                                                | CUSIP: 39138QAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $64079.13     | 0.00%             | 2028-05-17      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| OIL & NATURAL GAS CORP L                                                   | Oil & Natural Gas Corp Ltd                                                       | CUSIP: 000000000<br>LEI: 335800FPDZ9MRSNO7N41 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $189371.21    | 0.00%             | 2029-12-05      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| WEEKLEY HOMES LLC/ FINAN                                                   | Weekley Homes LLC / Weekley Finance Corp                                         | CUSIP: 948565AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $130247.78    | 0.00%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BRIGHTSTAR LOTTERY PLC                                                     | Brightstar Lottery PLC                                                           | CUSIP: 460599AD5<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    240000 | PA      | $242448.64    | 0.01%             | 2027-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ADIB CAPITAL INVEST THRE                                                   | Adib Capital Invest 3 Ltd                                                        | CUSIP: 000000000<br>LEI: 254900DBMFZCZH3KL232 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $207662.04    | 0.00%             | 2028-07-18      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| UNUM GROUP                                                                 | Unum Group                                                                       | CUSIP: 91529YAN6<br>LEI: 549300E32YFDO6TZ8R31 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97849.82     | 0.00%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                                                | Swedbank AB                                                                      | CUSIP: 87020PAX5<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |    200000 | PA      | $203540.80    | 0.00%             | 2026-09-12      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140J5EJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    401083 | PA      | $383949.38    | 0.01%             | 2032-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                                    | International Bank for Reconstruction & Development                              | CUSIP: 459058LR2<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   1895000 | PA      | $1907542.25   | 0.04%             | 2030-03-20      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| REC LTD                                                                    | REC Ltd                                                                          | CUSIP: 000000000<br>LEI: 335800B4YRYWAMIJZ374 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $194382.22    | 0.00%             | 2027-01-13      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    440000 | PA      | $389169.16    | 0.01%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT BANK OF KAZA                                                   | Development Bank of Kazakhstan JSC                                               | CUSIP: 000000000<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | NUSS              | KZ        |    200000 | PA      | $201910.75    | 0.00%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 31418CEC4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    268548 | PA      | $256742.11    | 0.01%             | 2031-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FRONTIER NORTH INC                                                         | Frontier North Inc                                                               | CUSIP: 362337AK3<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61774.53     | 0.00%             | 2028-02-15      | Fixed         | 6.73%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                             | Morgan Stanley                                                                   | CUSIP: 61747YFQ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    740000 | PA      | $766442.90    | 0.02%             | 2030-04-18      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| HONDA MOTOR CO LTD                                                         | Honda Motor Co Ltd                                                               | CUSIP: 438127AE2<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | DBT              | CORP              | JP        |    300000 | PA      | $300184.46    | 0.01%             | 2030-07-08      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| DIB SUKUK LTD                                                              | DIB Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 549300U3ZMUHC2JQLL56 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $387523.45    | 0.01%             | 2027-02-16      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| STATE GRID OVERSEAS INV                                                    | State Grid Overseas Investment BVI Ltd                                           | CUSIP: 000000000<br>LEI: 3003006V8BHG5158QO96 | Long             | DBT              | CORP              | VG        |    400000 | PA      | $394750.30    | 0.01%             | 2027-05-04      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                                                   | Prudential Financial Inc                                                         | CUSIP: 74432QCG8<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    150000 | PA      | $136075.59    | 0.00%             | 2030-03-10      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| AHEAD DB HOLDINGS LLC                                                      | Ahead DB Holdings LLC                                                            | CUSIP: 00867FAA6<br>LEI: 254900L07WFL833JX193 | Long             | DBT              | CORP              | US        |    130000 | PA      | $130254.61    | 0.00%             | 2028-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE                                                      | United Parcel Service Inc                                                        | CUSIP: 911312AY2<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63465.36     | 0.00%             | 2026-11-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| KOREA HYDRO & NUCLEAR PO                                                   | Korea Hydro & Nuclear Power Co Ltd                                               | CUSIP: 000000000<br>LEI: 9884008CRY5MLCN8OQ43 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $202850.04    | 0.00%             | 2028-07-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KBR INC                                                                    | KBR Inc                                                                          | CUSIP: 48242WAC0<br>LEI: 254900OFQDXZRKRCV808 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72286.29     | 0.00%             | 2028-09-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                                    | Royal Caribbean Cruises Ltd                                                      | CUSIP: 780153BK7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    285000 | PA      | $286321.61    | 0.01%             | 2027-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust                               | American Express Credit Account Master Trust                                     | CUSIP: 02582JKP4<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $701605.36    | 0.02%             | 2030-04-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| ADAMS HOMES INC                                                            | Adams Homes Inc                                                                  | CUSIP: 00623PAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    103000 | PA      | $106633.37    | 0.00%             | 2028-10-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                                       | Las Vegas Sands Corp                                                             | CUSIP: 517834AK3<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128565.49    | 0.00%             | 2029-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                                            | Nordea Bank Abp                                                                  | CUSIP: 65557FAH9<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |     75000 | PA      | $74135.47     | 0.00%             | 2033-09-13      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                                                   | Yapi ve Kredi Bankasi AS                                                         | CUSIP: 000000000<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $420445.96    | 0.01%             | 2034-01-17      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140QMPG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    909118 | PA      | $805897.50    | 0.02%             | 2036-11-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                                                           | Georgia Power Co                                                                 | CUSIP: 373334KV2<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55552.69     | 0.00%             | 2027-02-23      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEDER FINANCIERINGS-MAAT                                                   | Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV               | CUSIP: 000000000<br>LEI: XTC5E2QFTEF0435JWL77 | Long             | DBT              | NUSS              | NL        |    200000 | PA      | $202218.68    | 0.00%             | 2028-04-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                                     | Romania Government International Bonds                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    500000 | PA      | $517794.71    | 0.01%             | 2028-02-17      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO                                                   | Jaguar Land Rover Automotive PLC                                                 | CUSIP: 47010BAM6<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |    125000 | PA      | $124510.71    | 0.00%             | 2029-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE TELEKOM INT FIN                                                   | Deutsche Telekom International Finance BV                                        | CUSIP: 25156PBB8<br>LEI: 529900ERDFHS6C1M4U58 | Long             | DBT              | CORP              | NL        |    305000 | PA      | $305142.96    | 0.01%             | 2028-06-21      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                                                       | RLJ Lodging Trust LP                                                             | CUSIP: 74965LAA9<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |    195000 | PA      | $192025.32    | 0.00%             | 2026-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                                   | Baxter International Inc                                                         | CUSIP: 071813CP2<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    420000 | PA      | $390246.07    | 0.01%             | 2028-12-01      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                                          | Rakuten Group Inc                                                                | CUSIP: 75102WAA6<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |     95000 | PA      | $93418.07     | 0.00%             | 2026-04-22      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                                   | National Rural Utilities Cooperative Finance Corp                                | CUSIP: 63743HFX5<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    155000 | PA      | $157990.21    | 0.00%             | 2030-02-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                             | Home Depot Inc/The                                                               | CUSIP: 437076BN1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    290000 | PA      | $283272.78    | 0.01%             | 2026-09-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                                   | National Rural Utilities Cooperative Finance Corp                                | CUSIP: 63743HFJ6<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    240000 | PA      | $244733.46    | 0.01%             | 2028-09-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| TGNR INTERMEDIATE HOLDIN                                                   | TGNR Intermediate Holdings LLC                                                   | CUSIP: 77289KAA3<br>LEI: 5493007AZNVKZ5HEMT23 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194910.10    | 0.00%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE                                                     | Edgewell Personal Care Co                                                        | CUSIP: 28035QAB8<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |    150000 | PA      | $141983.25    | 0.00%             | 2029-04-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CUBESMART LP                                                               | CubeSmart LP                                                                     | CUSIP: 22966RAH9<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              |  | US        |    160000 | PA      | $148624.17    | 0.00%             | 2028-12-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp                                                           | BAT Capital Corp                                                                 | CUSIP: 05526DBN4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302902.83    | 0.01%             | 2030-04-02      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                                       | Boston Properties LP                                                             | CUSIP: 10112RBC7<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |    180000 | PA      | $165282.20    | 0.00%             | 2030-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| GUSAP III LP                                                               | GUSAP III LP                                                                     | CUSIP: 000000000<br>LEI: 549300WY05UJ7WTHIN64 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194119.95    | 0.00%             | 2030-01-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                                     | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    450000 | PA      | $458178.19    | 0.01%             | 2028-07-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Eni SpA                                                                    | Eni SpA                                                                          | CUSIP: 26874RAE8<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |    250000 | PA      | $251534.26    | 0.01%             | 2028-09-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                   | Capital One Financial Corp                                                       | CUSIP: 14040HCX1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    360000 | PA      | $367488.30    | 0.01%             | 2029-02-01      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| PUMA INTERNATIONAL FINAN                                                   | Puma International Financing SA                                                  | CUSIP: 74588YAB6<br>LEI: 222100YFBPO7IDRUBR17 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $206642.39    | 0.00%             | 2029-04-25      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA                                                   | Export-Import Bank of Korea                                                      | CUSIP: 302154EK1<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |    400000 | PA      | $409494.55    | 0.01%             | 2030-01-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NEWMONT CORP                                                               | Newmont Corp                                                                     | CUSIP: 651639AX4<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | DBT              | CORP              | US        |    245000 | PA      | $230677.04    | 0.01%             | 2029-10-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                                                             | Hertz Corp/The                                                                   | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    370000 | PA      | $386752.28    | 0.01%             | 2029-07-15      | Fixed         | 12.63%                | No            |                  2 | On Loan: —       |
| FEDEX CORP                                                                 | FedEx Corp                                                                       | CUSIP: 31428XBV7<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |    295000 | PA      | $279065.78    | 0.01%             | 2029-08-05      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                                      | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $213583.47    | 0.00%             | 2030-06-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                         | Realty Income Corp                                                               | CUSIP: 756109BH6<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |    205000 | PA      | $200451.94    | 0.00%             | 2028-01-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                           | Crown Castle Inc                                                                 | CUSIP: 22822VAH4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    237000 | PA      | $232693.96    | 0.01%             | 2027-09-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                                                   | Discovery Communications LLC                                                     | CUSIP: 25470DCA5<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    225000 | PA      | $209594.07    | 0.00%             | 2029-05-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                                                        | Century Communities Inc                                                          | CUSIP: 156504AL6<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |    195000 | PA      | $195117.27    | 0.00%             | 2027-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LEND                                                    | Blackstone Secured Lending Fund                                                  | CUSIP: 09261XAJ1<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |    205000 | PA      | $206608.41    | 0.00%             | 2028-04-13      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| LANDWIRTSCH. RENTENBANK                                                    | Landwirtschaftliche Rentenbank                                                   | CUSIP: 000000000<br>LEI: 529900Z3J0N6S0F7CT25 | Long             | DBT              | CORP              | DE        |    435000 | PA      | $419954.22    | 0.01%             | 2029-05-21      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ANDREW W MELLON FOUNDATI                                                   | Andrew W Mellon Foundation/The                                                   | CUSIP: 03444RAB4<br>LEI: HVIJIPOQ5TXYVD3NET54 | Long             | DBT              | CORP              | US        |     40000 | PA      | $37507.19     | 0.00%             | 2027-08-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| BROADCOM CRP / CAYMN FI                                                    | Broadcom Corp / Broadcom Cayman Finance Ltd                                      | CUSIP: 11134LAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    910000 | PA      | $902426.29    | 0.02%             | 2027-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                                                   | Comision Federal de Electricidad                                                 | CUSIP: 000000000<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |    400000 | PA      | $387893.16    | 0.01%             | 2029-05-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                                                   | Canadian Pacific Railway Co                                                      | CUSIP: 13648TAA5<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $134641.15    | 0.00%             | 2030-03-05      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                                                   | Intercontinental Exchange Inc                                                    | CUSIP: 45866FAU8<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    730000 | PA      | $725856.54    | 0.02%             | 2027-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                                               | Stryker Corp                                                                     | CUSIP: 863667BJ9<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    175000 | PA      | $175703.62    | 0.00%             | 2027-02-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| KOMMUNALBANKEN AS                                                          | Kommunalbanken AS                                                                | CUSIP: 50048MDF4<br>LEI: I7ETN0QQO2AHZZGHJ389 | Long             | DBT              | NUSS              | NO        |    910000 | PA      | $875541.53    | 0.02%             | 2027-01-20      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| PATTERSON-UTI ENERGY INC                                                   | Patterson-UTI Energy Inc                                                         | CUSIP: 703481AC5<br>LEI: 254900XGFBKIXD6G0697 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59342.98     | 0.00%             | 2029-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                                         | Banco Santander SA                                                               | CUSIP: 05964HAQ8<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    655000 | PA      | $650230.39    | 0.01%             | 2028-03-24      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CFB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21440000 | PA      | $20950062.55  | 0.47%             | 2027-07-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES                                                        | Abbott Laboratories                                                              | CUSIP: 002824BP4<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    185000 | PA      | $172516.36    | 0.00%             | 2028-01-30      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc                                                                  | IQVIA Inc                                                                        | CUSIP: 449934AD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    305000 | PA      | $304186.01    | 0.01%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                                                            | Sands China Ltd                                                                  | CUSIP: 80007RAL9<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $192651.73    | 0.00%             | 2030-06-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                                   | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBG4<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    605000 | PA      | $606013.35    | 0.01%             | 2027-03-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                                                     | John Deere Owner Trust 2024-C                                                    | CUSIP: 477911AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1430000 | PA      | $1424440.32   | 0.03%             | 2029-06-15      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| STORE CAPITAL LLC                                                          | Store Capital LLC                                                                | CUSIP: 862121AA8<br>LEI: 5493004EA6C9IHDZ7N66 | Long             | DBT              |  | US        |    120000 | PA      | $118435.36    | 0.00%             | 2028-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SUMITOMO LIFE INSUR                                                        | Sumitomo Life Insurance Co                                                       | CUSIP: 86564CAB6<br>LEI: 549300I5OQCDADQSPI57 | Long             | DBT              | CORP              | JP        |    485000 | PA      | $473825.89    | 0.01%             | 2077-09-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAF SUKUK LTD                                                              | MAF Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 549300IS9H0W5N2N4K34 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $199253.80    | 0.00%             | 2029-05-14      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY                                                    | Cooperatieve Rabobank UA/NY                                                      | CUSIP: 21688ABM3<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $250668.54    | 0.01%             | 2027-05-27      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                          | NatWest Group PLC                                                                | CUSIP: 78009PEH0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    560000 | PA      | $567259.35    | 0.01%             | 2030-01-27      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132D56Z0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1685179 | PA      | $1500718.72   | 0.03%             | 2036-02-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                                        | Global Payments Inc                                                              | CUSIP: 37940XAD4<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    300000 | PA      | $273701.18    | 0.01%             | 2030-05-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| WESTLAKE CORP                                                              | Westlake Corp                                                                    | CUSIP: 960413AW2<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94138.83     | 0.00%             | 2030-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                                           | CSC Holdings LLC                                                                 | CUSIP: 126307AS6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    305000 | PA      | $280602.14    | 0.01%             | 2028-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                                    | International Bank for Reconstruction & Development                              | CUSIP: 459058JX2<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    195000 | PA      | $189033.25    | 0.00%             | 2026-07-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                                       | Westpac Banking Corp                                                             | CUSIP: 961214EL3<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $186761.61    | 0.00%             | 2030-01-16      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| HERSHEY COMPANY                                                            | Hershey Co/The                                                                   | CUSIP: 427866BD9<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | DBT              | CORP              | US        |    100000 | PA      | $92740.21     | 0.00%             | 2029-11-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                          | NatWest Group PLC                                                                | CUSIP: 639057AF5<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    335000 | PA      | $341335.00    | 0.01%             | 2028-09-30      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE / IRELAND DAC                                                    | Aircastle Ltd / Aircastle Ireland DAC                                            | CUSIP: 00929JAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    150000 | PA      | $151335.47    | 0.00%             | 2030-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                                     | Santander Holdings USA Inc                                                       | CUSIP: 80282KAZ9<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295069.12    | 0.01%             | 2026-10-05      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                                                    | VistaJet Malta Finance PLC / Vista Management Holding Inc                        | CUSIP: 92840JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    165000 | PA      | $165564.76    | 0.00%             | 2027-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| LKQ CORP                                                                   | LKQ Corp                                                                         | CUSIP: 501889AD1<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204716.76    | 0.00%             | 2028-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                                        | Nomura Holdings Inc                                                              | CUSIP: 65535HAZ2<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    420000 | PA      | $406240.66    | 0.01%             | 2027-01-22      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                   | European Investment Bank                                                         | CUSIP: 298785JP2<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |   1635000 | PA      | $1569053.65   | 0.04%             | 2026-10-26      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                                                   | International Business Machines Corp                                             | CUSIP: 459200JR3<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123154.79    | 0.00%             | 2027-01-27      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| SCIL IV LLC / SCIL USA H                                                   | SCIL IV LLC / SCIL USA Holdings LLC                                              | CUSIP: 78397UAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $273305.49    | 0.01%             | 2026-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                                    | SBA Communications Corp                                                          | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              |  | US        |    450000 | PA      | $419413.68    | 0.01%             | 2029-02-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                            | Danske Bank A/S                                                                  | CUSIP: 23636ABB6<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    345000 | PA      | $333627.18    | 0.01%             | 2027-09-10      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| INRETAIL CONSUMER                                                          | InRetail Consumer                                                                | CUSIP: 000000000<br>LEI: 254900BI1YXHZ31NSP51 | Long             | DBT              | CORP              | PE        |    200000 | PA      | $191134.51    | 0.00%             | 2028-03-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                                         | Ford Motor Co                                                                    | CUSIP: 345370CX6<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    130000 | PA      | $150605.41    | 0.00%             | 2030-04-22      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                                                                 | VMware LLC                                                                       | CUSIP: 928563AC9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    430000 | PA      | $425003.55    | 0.01%             | 2027-08-21      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| B&G FOODS INC                                                              | B&G Foods Inc                                                                    | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |    245000 | PA      | $229136.29    | 0.01%             | 2028-09-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AFRICA FINANCE CORP                                                        | Africa Finance Corp                                                              | CUSIP: 00830YAD3<br>LEI: 213800LXFHRRXIJRXW97 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $187213.71    | 0.00%             | 2028-04-28      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| HONDURAS GOVERNMENT                                                        | Honduras Government International Bond                                           | CUSIP: 000000000<br>LEI: 5493002DW1JNBNG17615 | Long             | DBT              | NUSS              | HN        |    200000 | PA      | $199493.20    | 0.00%             | 2027-01-19      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                 | Fiserv Inc                                                                       | CUSIP: 337738BG2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    210000 | PA      | $214986.99    | 0.00%             | 2028-08-21      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140J8ZC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    470225 | PA      | $449827.76    | 0.01%             | 2033-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                                        | Charles Schwab Corp/The                                                          | CUSIP: 808513BP9<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    320000 | PA      | $302227.94    | 0.01%             | 2028-03-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds                                 | Philippines Government International Bonds                                       | CUSIP: 718286CG0<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    400000 | PA      | $391619.04    | 0.01%             | 2029-01-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                                                   | Hudson Pacific Properties LP                                                     | CUSIP: 44409MAD8<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |    105000 | PA      | $100578.45    | 0.00%             | 2028-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| ROCHESTER GAS & ELECTRIC                                                   | Rochester Gas and Electric Corp                                                  | CUSIP: 771367CD9<br>LEI: 549300DD8M80WFTQO509 | Long             | DBT              | CORP              | US        |    190000 | PA      | $185992.24    | 0.00%             | 2027-06-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                             | Morgan Stanley                                                                   | CUSIP: 61747YFA8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    877000 | PA      | $890058.97    | 0.02%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                                        | CDW LLC / CDW Finance Corp                                                       | CUSIP: 12513GBF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $237068.73    | 0.01%             | 2029-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ADOBE INC                                                                  | Adobe Inc                                                                        | CUSIP: 00724PAE9<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | DBT              | CORP              | US        |    160000 | PA      | $161829.61    | 0.00%             | 2027-04-04      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                                         | Banco Santander SA                                                               | CUSIP: 05964HAS4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    515000 | PA      | $521628.90    | 0.01%             | 2027-08-18      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FIN LTD                                                   | Transocean Titan Financing Ltd                                                   | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    158333 | PA      | $162344.45    | 0.00%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| KOREA DEVELOPMENT BANK                                                     | Korea Development Bank/The                                                       | CUSIP: 000000000<br>LEI: 549300ML2LNRZUCS7149 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $201532.91    | 0.00%             | 2027-06-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                                                             | Merck & Co Inc                                                                   | CUSIP: 58933YBD6<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    310000 | PA      | $287809.06    | 0.01%             | 2028-12-10      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                                                         | Pacific Life Global Funding II                                                   | CUSIP: 6944PL3C1<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135039.02    | 0.00%             | 2029-08-28      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                                         | Expand Energy Corp                                                               | CUSIP: 165167DG9<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    230000 | PA      | $230707.56    | 0.01%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                               | Enbridge Inc                                                                     | CUSIP: 29250NCJ2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    175000 | PA      | $176492.03    | 0.00%             | 2030-06-20      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| SHERWIN-WILLIAMS CO                                                        | Sherwin-Williams Co/The                                                          | CUSIP: 824348BL9<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    150000 | PA      | $135506.74    | 0.00%             | 2030-05-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| SHEA HOMES LP/FNDG CP                                                      | Shea Homes LP / Shea Homes Funding Corp                                          | CUSIP: 82088KAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $72441.12     | 0.00%             | 2029-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NRW.BANK                                                                   | NRW Bank                                                                         | CUSIP: 000000000<br>LEI: 52990002O5KK6XOGJ020 | Long             | DBT              | CORP              | DE        |    462000 | PA      | $464954.73    | 0.01%             | 2027-03-08      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                      | Wells Fargo & Co                                                                 | CUSIP: 95000U2G7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1004244.28   | 0.02%             | 2030-10-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds                    | Republic of South Africa Government International Bonds                          | CUSIP: 836205AW4<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $199272.46    | 0.00%             | 2027-09-27      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                                                            | Chevron USA Inc                                                                  | CUSIP: 166756BD7<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |    300000 | PA      | $304362.18    | 0.01%             | 2030-04-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                                                    | Honeywell International Inc                                                      | CUSIP: 438516CQ7<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    170000 | PA      | $173484.32    | 0.00%             | 2029-09-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                                       | Westpac Banking Corp                                                             | CUSIP: 961214FN8<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    325000 | PA      | $337970.76    | 0.01%             | 2028-11-17      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                      | Level 3 Financing Inc                                                            | CUSIP: 527298CB7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    275000 | PA      | $258535.73    | 0.01%             | 2029-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                   | Caterpillar Financial Services Corp                                              | CUSIP: 14913R2G1<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    215000 | PA      | $202007.49    | 0.00%             | 2027-09-14      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                                | BBCMS Mortgage Trust 2018-C2                                                     | CUSIP: 05491UBD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $791520.93    | 0.02%             | 2051-12-15      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| NLG GLOBAL FUNDING                                                         | NLG Global Funding                                                               | CUSIP: 62915W2A0<br>LEI: 635400SKBQOWEJZLTW68 | Long             | DBT              | CORP              | US        |    165000 | PA      | $169682.54    | 0.00%             | 2030-01-23      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                                     | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAL9<br>LEI: N/A                  | Long             | DBT              |  | US        |    225000 | PA      | $217762.19    | 0.00%             | 2029-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                                                   | Devon Energy Corp                                                                | CUSIP: 25179MBF9<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    190000 | PA      | $188232.88    | 0.00%             | 2030-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENTERGY CORP                                                               | Entergy Corp                                                                     | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    320000 | PA      | $331899.70    | 0.01%             | 2054-12-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| TRI POINTE HOMES INC                                                       | Tri Pointe Homes Inc                                                             | CUSIP: 87265HAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $99592.52     | 0.00%             | 2027-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NETAPP INC                                                                 | NetApp Inc                                                                       | CUSIP: 64110DAK0<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $181799.68    | 0.00%             | 2030-06-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EXT1<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    215000 | PA      | $219166.55    | 0.00%             | 2029-06-11      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                     | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406RBK2<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    155000 | PA      | $155918.00    | 0.00%             | 2030-07-26      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                                                      | Northrop Grumman Corp                                                            | CUSIP: 666807BS0<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4992.19      | 0.00%             | 2030-05-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| APOLLO MANAGEMENT HOLDIN                                                   | Apollo Management Holdings LP                                                    | CUSIP: 03765HAF8<br>LEI: 5493006XQW0V5K38YM64 | Long             | DBT              | CORP              | US        |    150000 | PA      | $136469.31    | 0.00%             | 2030-06-05      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                 | Fiserv Inc                                                                       | CUSIP: 337738AT5<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    490000 | PA      | $484063.50    | 0.01%             | 2026-07-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                                          | Service Corp International/US                                                    | CUSIP: 817565BT0<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56940.03     | 0.00%             | 2027-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| TMS INTERNATIONAL CORP                                                     | TMS International Corp/DE                                                        | CUSIP: 87261QAC7<br>LEI: 549300L4K0F1YF8WKF23 | Long             | DBT              | CORP              | US        |    115000 | PA      | $109498.90    | 0.00%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Netflix Inc                                                                | Netflix Inc                                                                      | CUSIP: 64110LAS5<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    629000 | PA      | $638931.15    | 0.01%             | 2028-04-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                         | Energy Transfer LP                                                               | CUSIP: 29273VBD1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    205000 | PA      | $208991.02    | 0.00%             | 2030-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                                   | Occidental Petroleum Corp                                                        | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    390000 | PA      | $391098.48    | 0.01%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| JPN BANK FOR INT'L COOP                                                    | Japan Bank for International Cooperation                                         | CUSIP: 471048BQ0<br>LEI: 549300TJ3QFYVCTSCJ29 | Long             | DBT              | NUSS              | JP        |    530000 | PA      | $514118.35    | 0.01%             | 2027-11-16      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                               | UBS Group AG                                                                     | CUSIP: 90352JAC7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    510000 | PA      | $505891.41    | 0.01%             | 2028-03-23      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                                   | RTX Corp                                                                         | CUSIP: 913017CR8<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    360000 | PA      | $352244.46    | 0.01%             | 2027-05-04      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                                               | Comcast Corp                                                                     | CUSIP: 20030NBW0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    459000 | PA      | $445892.78    | 0.01%             | 2027-01-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                       | Bank of America Corp                                                             | CUSIP: 06051GJZ3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    935000 | PA      | $874976.07    | 0.02%             | 2029-06-14      | Fixed         | 2.09%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED                                                   | AmeriTex HoldCo Intermediate LLC                                                 | CUSIP: 030727AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $201725.63    | 0.00%             | 2028-10-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: —       |
| STARBUCKS CORP                                                             | Starbucks Corp                                                                   | CUSIP: 855244BG3<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    260000 | PA      | $261696.86    | 0.01%             | 2027-02-08      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| OTIS WORLDWIDE CORP                                                        | Otis Worldwide Corp                                                              | CUSIP: 68902VAK3<br>LEI: 549300ZLBKR8VSU25153 | Long             | DBT              | CORP              | US        |    450000 | PA      | $413928.58    | 0.01%             | 2030-02-15      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                                                          | L3Harris Technologies Inc                                                        | CUSIP: 413875AW5<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    245000 | PA      | $244796.04    | 0.01%             | 2028-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TMJ1<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |     95000 | PA      | $95187.74     | 0.00%             | 2026-08-07      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                                    | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     87000 | PA      | $86569.69     | 0.00%             | 2027-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FMC CORP                                                                   | FMC Corp                                                                         | CUSIP: 302491AT2<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24554.29     | 0.00%             | 2026-10-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL METALS CO                                                       | Commercial Metals Co                                                             | CUSIP: 201723AQ6<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |     90000 | PA      | $85455.04     | 0.00%             | 2030-01-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CDP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  24000000 | PA      | $22087500.00  | 0.50%             | 2028-12-31      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| TITAN INTERNATIONAL INC                                                    | Titan International Inc                                                          | CUSIP: 88830MAM4<br>LEI: 254900CXRGBE7C4B5A06 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124661.12    | 0.00%             | 2028-04-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CCV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19000000 | PA      | $17487421.97  | 0.39%             | 2028-08-31      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| ODEON FINCO PLC                                                            | Odeon Finco PLC                                                                  | CUSIP: 67585LAA3<br>LEI: 9845003ECF9901CC5382 | Long             | DBT              | CORP              | GB        |    120000 | PA      | $125210.89    | 0.00%             | 2027-11-01      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                      | Tenet Healthcare Corp                                                            | CUSIP: 88033GDH0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196618.17    | 0.00%             | 2028-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                     | Standard Chartered PLC                                                           | CUSIP: 853254DB3<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    295000 | PA      | $299976.58    | 0.01%             | 2028-05-14      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| UL SOLUTIONS INC                                                           | UL Solutions Inc                                                                 | CUSIP: 903731AA5<br>LEI: 549300F7CUV5ESKV9P71 | Long             | DBT              | CORP              | US        |    130000 | PA      | $136243.56    | 0.00%             | 2028-10-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                                     | Roper Technologies Inc                                                           | CUSIP: 776743AG1<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    190000 | PA      | $178676.76    | 0.00%             | 2029-09-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| SPEEDWAY MOT/SPEEDWAY FD                                                   | Speedway Motorsports LLC / Speedway Funding II Inc                               | CUSIP: 84779MAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $128597.80    | 0.00%             | 2027-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                        | American Tower Corp                                                              | CUSIP: 03027XAW0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    515000 | PA      | $499898.12    | 0.01%             | 2029-08-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC                                                         | Conagra Brands Inc                                                               | CUSIP: 205887CJ9<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176142.55    | 0.00%             | 2026-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SOFTBANK CORP                                                              | SOFTBANK CORP                                                                    | CUSIP: 83405KAA0<br>LEI: 353800M1YCTS9JRBJ535 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $199285.60    | 0.00%             | 2030-07-09      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                                    | Metropolitan Life Global Funding I                                               | CUSIP: 59217GEG0<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    300000 | PA      | $280033.39    | 0.01%             | 2030-04-09      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                                                 | Humana Inc                                                                       | CUSIP: 444859BQ4<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    507000 | PA      | $483941.33    | 0.01%             | 2027-02-03      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140EY4Q1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     46729 | PA      | $45391.84     | 0.00%             | 2031-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FORTREA HOLDINGS INC                                                       | Fortrea Holdings Inc                                                             | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |    165000 | PA      | $150702.82    | 0.00%             | 2030-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Autodesk Inc                                                               | Autodesk Inc                                                                     | CUSIP: 052769AE6<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113192.21    | 0.00%             | 2027-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL CAP FND                                                      | Golub Capital Private Credit Fund                                                | CUSIP: 38179RAD7<br>LEI: 254900B5KBW6OY1F9951 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100411.01    | 0.00%             | 2030-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                          | State Street Corp                                                                | CUSIP: 857477BS1<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    245000 | PA      | $237159.62    | 0.01%             | 2028-02-07      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                                                    | Honeywell International Inc                                                      | CUSIP: 438516CL8<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    265000 | PA      | $264641.49    | 0.01%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140E7KF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15721 | PA      | $15281.56     | 0.00%             | 2030-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPN BANK FOR INT'L COOP                                                    | Japan Bank for International Cooperation                                         | CUSIP: 471048AZ1<br>LEI: 549300TJ3QFYVCTSCJ29 | Long             | DBT              | NUSS              | JP        |    635000 | PA      | $619395.68    | 0.01%             | 2026-11-04      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| AVALONBAY COMMUNITIES                                                      | AvalonBay Communities Inc                                                        | CUSIP: 05348EBG3<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              |  | US        |    200000 | PA      | $181783.85    | 0.00%             | 2030-03-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                           | Societe Generale SA                                                              | CUSIP: 83368RCC4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $304938.08    | 0.01%             | 2029-04-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CIMB BANK BHD                                                              | CIMB Bank Bhd                                                                    | CUSIP: 12570TAA9<br>LEI: SR3J0ZUTXT7OTFT2VU03 | Long             | DBT              | CORP              | MY        |    200000 | PA      | $191236.33    | 0.00%             | 2027-07-20      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| COUNCIL OF EUROPE                                                          | Council Of Europe Development Bank                                               | CUSIP: 222213BF6<br>LEI: 549300UYNXMI821WYG82 | Long             | DBT              | NUSS              | XX        |    385000 | PA      | $388865.30    | 0.01%             | 2027-06-11      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NIKE INC                                                                   | NIKE Inc                                                                         | CUSIP: 654106AJ2<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | DBT              | CORP              | US        |    390000 | PA      | $380683.48    | 0.01%             | 2027-03-27      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SCENTRE GROUP TRUST 1/2                                                    | Scentre Group Trust 1 / Scentre Group Trust 2                                    | CUSIP: 80622GAE4<br>LEI: N/A                  | Long             | DBT              |  | AU        |    200000 | PA      | $197648.24    | 0.00%             | 2030-05-28      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132CWMP6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2431553 | PA      | $2369950.53   | 0.05%             | 2034-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PACCAR FINANCIAL CORP                                                      | PACCAR Financial Corp                                                            | CUSIP: 69371RT63<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |    185000 | PA      | $186864.52    | 0.00%             | 2028-03-03      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVT SUKUK                                                       | Perusahaan Penerbit SBSN Indonesia III                                           | CUSIP: 000000000<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $204525.15    | 0.00%             | 2029-07-02      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Darling Ingredients Inc                                                    | Darling Ingredients Inc                                                          | CUSIP: 237266AH4<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |    160000 | PA      | $159747.73    | 0.00%             | 2027-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                                           | Welltower OP LLC                                                                 | CUSIP: 95040QAJ3<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    225000 | PA      | $212581.37    | 0.00%             | 2030-01-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| TVF VARLIK KIRALAMA AS                                                     | TVF Varlik Kiralama AS                                                           | CUSIP: 000000000<br>LEI: 7890008K3XQXPH1NO713 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $202487.42    | 0.00%             | 2030-01-23      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| GRUPO AEROMEXICO SAB                                                       | Grupo Aeromexico SAB de CV                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    200000 | PA      | $196754.89    | 0.00%             | 2029-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ALLEGHANY CORP                                                             | Alleghany Corp                                                                   | CUSIP: 017175AE0<br>LEI: 549300DCJE6AYX159479 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144814.76    | 0.00%             | 2030-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| ZORLU ENERJI ELEKTRIK                                                      | Zorlu Enerji Elektrik Uretim AS                                                  | CUSIP: 000000000<br>LEI: 7890005B5CSNL39OYO75 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $194760.37    | 0.00%             | 2030-04-23      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| SYNOVUS FINANCIAL CORP                                                     | Synovus Financial Corp                                                           | CUSIP: 87161CAP0<br>LEI: 549300EIUS8UN5JTLE54 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102794.75    | 0.00%             | 2030-11-01      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138WFAN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11718 | PA      | $11295.42     | 0.00%             | 2030-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                          | HSBC Holdings PLC                                                                | CUSIP: 404280EN5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    745000 | PA      | $760609.35    | 0.02%             | 2030-11-19      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                     | American Honda Finance Corp                                                      | CUSIP: 02665WFK2<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201655.70    | 0.00%             | 2027-07-09      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ISDB TRUST NO 2                                                            | Isdb Trust Services NO 2 SARL                                                    | CUSIP: 000000000<br>LEI: 222100S88XMYHA1E3547 | Long             | DBT              | CORP              | LU        |   2300000 | PA      | $2327181.75   | 0.05%             | 2028-03-14      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MITSUI SUMITOMO INSURANC                                                   | Mitsui Sumitomo Insurance Co Ltd                                                 | CUSIP: 606839AB4<br>LEI: 5493006KRZ0SJO41LZ83 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $198159.26    | 0.00%             | 2029-03-06      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GRAHAM PACKAGING/GPC CAP                                                   | Graham Packaging Co Inc                                                          | CUSIP: 384701AA6<br>LEI: 549300YS0ZFT826HIK72 | Long             | DBT              | CORP              | US        |    170000 | PA      | $169492.15    | 0.00%             | 2028-08-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ADVANCED MICRO DEVICES                                                     | Advanced Micro Devices Inc                                                       | CUSIP: 007903BJ5<br>LEI: R2I72C950HOYXII45366 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10034.70     | 0.00%             | 2028-03-24      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| BAKER HUGHES LLC/CO-OBL                                                    | Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc                          | CUSIP: 05724BAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $149978.22    | 0.00%             | 2030-05-01      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                   | European Investment Bank                                                         | CUSIP: 298785JT4<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |   1385000 | PA      | $1363896.74   | 0.03%             | 2027-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Tyson Foods Inc                                                            | Tyson Foods Inc                                                                  | CUSIP: 902494BK8<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    265000 | PA      | $262921.90    | 0.01%             | 2029-03-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| COTERRA ENERGY INC                                                         | Coterra Energy Inc                                                               | CUSIP: 127097AG8<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |     77000 | PA      | $76060.47     | 0.00%             | 2027-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                             | Bombardier Inc                                                                   | CUSIP: 097751BV2<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $50151.18     | 0.00%             | 2026-06-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                                                         | Pacific Life Global Funding II                                                   | CUSIP: 6944PL2W8<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101094.76    | 0.00%             | 2026-08-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                     | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822CT9<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $206453.44    | 0.00%             | 2031-02-22      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN                                                     | Cogent Communications Group LLC / Cogent Finance Inc                             | CUSIP: 19240WAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $85252.68     | 0.00%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                                                        | Sherwin-Williams Co/The                                                          | CUSIP: 824348BJ4<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    250000 | PA      | $235552.54    | 0.01%             | 2029-08-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| HASBRO INC                                                                 | Hasbro Inc                                                                       | CUSIP: 418056AZ0<br>LEI: 549300NUB6D2R1ITYR45 | Long             | DBT              | CORP              | US        |    285000 | PA      | $274705.38    | 0.01%             | 2029-11-19      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BACARDI LTD / MARTINI BV                                                   | Bacardi Ltd / Bacardi-Martini BV                                                 | CUSIP: 05635JAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    150000 | PA      | $152177.05    | 0.00%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                                                        | FS KKR Capital Corp                                                              | CUSIP: 302635AK3<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    255000 | PA      | $235195.57    | 0.01%             | 2028-10-12      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                     | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KBY5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    488000 | PA      | $470309.75    | 0.01%             | 2027-01-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                                                | Swedbank AB                                                                      | CUSIP: 87020PAY3<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |    200000 | PA      | $205424.40    | 0.00%             | 2029-03-14      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                             | Morgan Stanley                                                                   | CUSIP: 61744YAK4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    945000 | PA      | $928201.90    | 0.02%             | 2028-07-22      | Variable      | 3.59%                 | No            |                  2 | On Loan: No      |
| COASTAL EMERALD LTD                                                        | Coastal Emerald Ltd                                                              | CUSIP: 000000000<br>LEI: 213800VJW5J633T5WS61 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $206107.94    | 0.00%             | 2027-05-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                                    | National Bank of Canada                                                          | CUSIP: 63307A3A1<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |    325000 | PA      | $327672.65    | 0.01%             | 2027-07-02      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL                                                   | Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl              | CUSIP: 42329HAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $75534.14     | 0.00%             | 2028-05-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                 | US Bancorp                                                                       | CUSIP: 91159HJQ4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    410000 | PA      | $420869.03    | 0.01%             | 2030-01-23      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                    | Goldman Sachs Group Inc/The                                                      | CUSIP: 38145GAH3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    794000 | PA      | $783779.15    | 0.02%             | 2026-11-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                     | American Honda Finance Corp                                                      | CUSIP: 02665WEK3<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151021.61    | 0.00%             | 2026-07-07      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                                                | Nutrien Ltd                                                                      | CUSIP: 67077MAW8<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $139421.12    | 0.00%             | 2030-05-13      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Co.                                                      | Saudi Arabian Oil Co.                                                            | CUSIP: 000000000<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    800000 | PA      | $772519.53    | 0.02%             | 2029-04-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                                                                 | Leidos Inc                                                                       | CUSIP: 52532XAF2<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196419.62    | 0.00%             | 2030-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                      | Toronto-Dominion Bank/The                                                        | CUSIP: 89115A2Y7<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    255000 | PA      | $259607.69    | 0.01%             | 2029-04-05      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| POSCO                                                                      | POSCO                                                                            | CUSIP: 000000000<br>LEI: 9884000N94NH7G6LQ816 | Long             | DBT              | CORP              | KR        |    385000 | PA      | $394340.29    | 0.01%             | 2028-01-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132D6HX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1354473 | PA      | $1315038.49   | 0.03%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| THOR INDUSTRIES                                                            | Thor Industries Inc                                                              | CUSIP: 885160AA9<br>LEI: 254900XZO1228PDSG060 | Long             | DBT              | CORP              | US        |    150000 | PA      | $140664.54    | 0.00%             | 2029-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| INTER-AMERICAN DEVEL BK                                                    | Inter-American Development Bank                                                  | CUSIP: 4581X0ES3<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   1275000 | PA      | $1302590.02   | 0.03%             | 2030-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bahrain Government International Bonds                                     | Bahrain Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    400000 | PA      | $413035.02    | 0.01%             | 2028-10-12      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SWEDISH EXPORT CREDIT                                                      | Svensk Exportkredit AB                                                           | CUSIP: 01021NAB8<br>LEI: 1FOLRR5RWTWWI397R131 | Long             | DBT              | NUSS              | SE        |    465000 | PA      | $462124.27    | 0.01%             | 2027-09-13      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                           | BAT Capital Corp                                                                 | CUSIP: 05526DBJ3<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    317000 | PA      | $312654.01    | 0.01%             | 2026-09-06      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| China Cinda Finance 2017                                                   | China Cinda Finance 2017 I Ltd                                                   | CUSIP: 000000000<br>LEI: 549300FRGSV52FLG5T09 | Long             | DBT              | CORP              | VG        |    400000 | PA      | $397895.54    | 0.01%             | 2027-03-09      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESOR                                                   | Marriott Ownership Resorts Inc                                                   | CUSIP: 57164PAH9<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |    150000 | PA      | $143155.46    | 0.00%             | 2029-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COOPER-STANDARD AUTOMOTI                                                   | Cooper-Standard Automotive Inc                                                   | CUSIP: 216762AJ3<br>LEI: ITCH5B3Q4RTX2PH9UN62 | Long             | DBT              | CORP              | US        |    131684 | PA      | $113464.64    | 0.00%             | 2027-05-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CJF9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17732000 | PA      | $18257033.53  | 0.41%             | 2028-10-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                               | Ecopetrol SA                                                                     | CUSIP: 279158AT6<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    400000 | PA      | $429310.83    | 0.01%             | 2029-01-19      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| MTR CORP CI LTD                                                            | MTR Corp CI Ltd                                                                  | CUSIP: 000000000<br>LEI: 254900SEVE6JAZLGDW04 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $195697.67    | 0.00%             | 2026-11-02      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| STATE BANK INDIA/LONDON                                                    | State Bank of India/London                                                       | CUSIP: 000000000<br>LEI: 5493001JZ37UBBZF6L49 | Long             | DBT              | CORP              | IN        |    400000 | PA      | $389517.06    | 0.01%             | 2026-07-13      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| LFS TOPCO LLC                                                              | LFS Topco LLC                                                                    | CUSIP: 50203TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $120880.47    | 0.00%             | 2030-07-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CORONADO FINANCE PTY LTD                                                   | Coronado Finance Pty Ltd                                                         | CUSIP: 21979LAB2<br>LEI: 549300NS5FS0W548RE27 | Long             | DBT              | CORP              | AU        |    135000 | PA      | $103042.66    | 0.00%             | 2029-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: —       |
| MAGNERA CORP                                                               | Magnera Corp                                                                     | CUSIP: 377320AA4<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |    145000 | PA      | $127937.74    | 0.00%             | 2029-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHILE ELEC PEC SPA                                                         | Chile Electricity PEC SpA                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |    182056 | PA      | $161104.92    | 0.00%             | 2028-01-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AKER BP ASA                                                                | Aker BP ASA                                                                      | CUSIP: 00973RAL7<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    150000 | PA      | $154116.50    | 0.00%             | 2028-06-13      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| EXCELERATE ENERGY LP                                                       | Excelerate Energy LP                                                             | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |    240000 | PA      | $251330.37    | 0.01%             | 2030-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                  | ONEOK Inc                                                                        | CUSIP: 682680CB7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    330000 | PA      | $328641.76    | 0.01%             | 2027-09-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Digital Realty Trust LP                                                    | Digital Realty Trust LP                                                          | CUSIP: 25389JAR7<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |    535000 | PA      | $527637.91    | 0.01%             | 2027-08-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                           | BAT Capital Corp                                                                 | CUSIP: 05526DBH7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38386.19     | 0.00%             | 2029-09-06      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| AL RAJHI SUKUK                                                             | Al Rajhi Bank                                                                    | CUSIP: 000000000<br>LEI: 558600BQZS4Y1DTU8589 | Long             | DBT              | CORP              | SA        |    400000 | PA      | $406009.46    | 0.01%             | 2029-05-16      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SEASPAN CORP                                                               | Seaspan Corp                                                                     | CUSIP: 81254UAK2<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |    200000 | PA      | $190360.74    | 0.00%             | 2029-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CK HUTCH INTL 17 II LTD                                                    | CK Hutchison International 17 II Ltd                                             | CUSIP: 12563XAC5<br>LEI: 254900F7C0PB6TKONV55 | Long             | DBT              | CORP              | KY        |     15000 | PA      | $14605.74     | 0.00%             | 2027-09-29      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| JOY TRSR ASSETS HLD                                                        | Joy Treasure Assets Holdings Inc                                                 | CUSIP: 000000000<br>LEI: 2549002TXU15P8D3F498 | Long             | DBT              | CORP              | VG        |    400000 | PA      | $379916.35    | 0.01%             | 2029-09-24      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                                             | Eli Lilly & Co                                                                   | CUSIP: 532457CJ5<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    365000 | PA      | $366867.59    | 0.01%             | 2027-02-09      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC                                                    | O'Reilly Automotive Inc                                                          | CUSIP: 67103HAM9<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121785.96    | 0.00%             | 2026-11-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                                                        | Clarivate Science Holdings Corp                                                  | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    272000 | PA      | $260453.30    | 0.01%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                        | American Tower Corp                                                              | CUSIP: 03027XBR0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    257000 | PA      | $248217.61    | 0.01%             | 2026-09-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| YARA INTERNATIONAL ASA                                                     | Yara International ASA                                                           | CUSIP: 984851AG0<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | DBT              | CORP              | NO        |    200000 | PA      | $185076.07    | 0.00%             | 2030-06-04      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132CWM84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2195174 | PA      | $2102752.67   | 0.05%             | 2032-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                                         | Advance Auto Parts Inc                                                           | CUSIP: 00751YAJ5<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120558.13    | 0.00%             | 2028-03-09      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CCE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7129000 | PA      | $6629413.08   | 0.15%             | 2028-05-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| CANADA GOVERNMENT                                                          | Canada Government International Bond                                             | CUSIP: 43358BAB9<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |   1110000 | PA      | $1111580.01   | 0.03%             | 2030-03-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORDIC INVESTMENT BANK                                                     | Nordic Investment Bank                                                           | CUSIP: 65562QC29<br>LEI: 213800HYL1S7VAXG6Z48 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $198016.55    | 0.00%             | 2030-05-09      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY DIRECT                                                      | Morgan Stanley Direct Lending Fund                                               | CUSIP: 61774AAD5<br>LEI: 549300QEX22T2J8IB029 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99240.29     | 0.00%             | 2027-02-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| Georgia-Pacific LLC                                                        | Georgia-Pacific LLC                                                              | CUSIP: 373298BR8<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |    122000 | PA      | $137629.58    | 0.00%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ITC Holdings Corp                                                          | ITC Holdings Corp                                                                | CUSIP: 465685AP0<br>LEI: 549300HTO5U9D3SLE207 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19465.43     | 0.00%             | 2027-11-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                                    | National Bank of Canada                                                          | CUSIP: 63307A3B9<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |    275000 | PA      | $273897.16    | 0.01%             | 2029-10-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                    | Bristol-Myers Squibb Co                                                          | CUSIP: 110122CP1<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    695000 | PA      | $670550.38    | 0.02%             | 2029-07-26      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                                                      | Hightower Holding LLC                                                            | CUSIP: 43118DAB6<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |    120000 | PA      | $127617.18    | 0.00%             | 2030-01-31      | Fixed         | 9.13%                 | No            |                  2 | On Loan: —       |
| CHARLES RIVER LABORATORI                                                   | Charles River Laboratories International Inc                                     | CUSIP: 159864AE7<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194192.02    | 0.00%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                                             | Fannie Mae-Aces                                                                  | CUSIP: 3136BCFX3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    489178 | PA      | $433237.60    | 0.01%             | 2030-05-25      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| QNB BANK AS                                                                | QNB Bank AS                                                                      | CUSIP: 000000000<br>LEI: 789000Q21SW842S9IJ58 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $208107.82    | 0.00%             | 2029-05-21      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                                       | Saudi Government International Bonds                                             | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |   1000000 | PA      | $1009979.75   | 0.02%             | 2030-01-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                                      | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAE9<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    250000 | PA      | $245502.44    | 0.01%             | 2028-07-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TELEFLEX INC                                                               | Teleflex Inc                                                                     | CUSIP: 879369AG1<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |    150000 | PA      | $145391.85    | 0.00%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T                                                   | Diversified Healthcare Trust                                                     | CUSIP: 81721MAM1<br>LEI: N/A                  | Long             | DBT              |  | US        |    165000 | PA      | $152927.23    | 0.00%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                                                    | Walt Disney Co/The                                                               | CUSIP: 254687DK9<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    105000 | PA      | $103880.00    | 0.00%             | 2026-11-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                                                   | Macquarie Airfinance Holdings Ltd                                                | CUSIP: 55609NAF5<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    245000 | PA      | $247310.08    | 0.01%             | 2028-03-27      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                        | Synchrony Financial                                                              | CUSIP: 87165BAL7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118768.49    | 0.00%             | 2026-08-04      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                                   | Marsh & McLennan Cos Inc                                                         | CUSIP: 571748CA8<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    330000 | PA      | $333121.49    | 0.01%             | 2030-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                     | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406RBX4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    290000 | PA      | $293180.21    | 0.01%             | 2028-07-21      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                    | BPCE SA                                                                          | CUSIP: 05571AAQ8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    305000 | PA      | $311395.40    | 0.01%             | 2027-10-19      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                                                   | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300090.65    | 0.01%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                                      | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAB3<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    200000 | PA      | $191707.11    | 0.00%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CENTRAL INTL DVLPMNT BVI                                                   | Central International Development BVI Ltd                                        | CUSIP: 000000000<br>LEI: 655600LG6TIBTHAAMT06 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $200386.89    | 0.00%             | 2027-08-19      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3133GGX57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1406397 | PA      | $1241597.20   | 0.03%             | 2037-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ADOBE INC                                                                  | Adobe Inc                                                                        | CUSIP: 00724PAJ8<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205451.06    | 0.00%             | 2030-01-17      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                                                   | Live Nation Entertainment Inc                                                    | CUSIP: 538034AV1<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    375000 | PA      | $379256.63    | 0.01%             | 2027-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TURKIYE VAKIFLAR BANKASI                                                   | Turkiye Vakiflar Bankasi TAO                                                     | CUSIP: 000000000<br>LEI: 789000KAIHOLSQKQ9858 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $208145.46    | 0.00%             | 2034-10-05      | Fixed         | 8.99%                 | No            |                  2 | On Loan: No      |
| TURK IHRACAT KR BK                                                         | Turkiye Ihracat Kredi Bankasi AS                                                 | CUSIP: 000000000<br>LEI: 789000JVRVYLAXGDWR11 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $205454.67    | 0.00%             | 2028-02-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                                                   | Western Midstream Operating LP                                                   | CUSIP: 958254AH7<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39701.35     | 0.00%             | 2028-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                                   | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    380000 | PA      | $268302.65    | 0.01%             | 2030-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                                                | PepsiCo Inc                                                                      | CUSIP: 713448ES3<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    440000 | PA      | $410555.12    | 0.01%             | 2030-03-19      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| DIANJIAN HAIYU LTD                                                         | Dianjian Haiyu Ltd                                                               | CUSIP: 000000000<br>LEI: 30030053J86AJARAGD28 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $199219.36    | 0.00%             | 2027-09-10      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                                   | Hess Midstream Operations LP                                                     | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $164254.08    | 0.00%             | 2028-06-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| IND & COMM BK CHINA/NY                                                     | Industrial & Commercial Bank of China Ltd/New York NY                            | CUSIP: 45580KAK4<br>LEI: 5493002ERZU2K9PZDL40 | Long             | DBT              | CORP              | CN        |    250000 | PA      | $245501.76    | 0.01%             | 2027-11-08      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                            | CSAIL 2018-CX11 Commercial Mortgage Trust                                        | CUSIP: 12652UAZ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $388212.26    | 0.01%             | 2051-04-15      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| KANSAI ELECTRIC POWER CO                                                   | Kansai Electric Power Co Inc/The                                                 | CUSIP: 000000000<br>LEI: 353800PFUKP5ONPJNZ86 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $203478.98    | 0.00%             | 2030-02-26      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| General Mills Inc                                                          | General Mills Inc                                                                | CUSIP: 370334BZ6<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |    215000 | PA      | $211125.24    | 0.00%             | 2027-02-10      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                                                        | Buckeye Partners LP                                                              | CUSIP: 118230AR2<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    115000 | PA      | $112219.24    | 0.00%             | 2027-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                                              | ZF North America Capital Inc                                                     | CUSIP: 98877DAE5<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    180000 | PA      | $174353.44    | 0.00%             | 2030-04-14      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| KazMunayGas National Co. JSC                                               | KazMunayGas National Co. JSC                                                     | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |    400000 | PA      | $404150.90    | 0.01%             | 2030-04-24      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| eBay Inc                                                                   | eBay Inc                                                                         | CUSIP: 278642AU7<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |    161000 | PA      | $158813.97    | 0.00%             | 2027-06-05      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                                                     | CenterPoint Energy Inc                                                           | CUSIP: 15189TBH9<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104235.74    | 0.00%             | 2055-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                                                   | Principal Life Global Funding II                                                 | CUSIP: 74256LES4<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    300000 | PA      | $288735.85    | 0.01%             | 2026-11-17      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| TRANE TECH FIN LTD                                                         | Trane Technologies Financing Ltd                                                 | CUSIP: 456873AD0<br>LEI: 549300A5OEF3CJI2CO89 | Long             | DBT              | CORP              | IE        |    170000 | PA      | $166646.81    | 0.00%             | 2029-03-21      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| WESTERN-SOUTHERN GLOBAL                                                    | Western-Southern Global Funding                                                  | CUSIP: 95954A2A0<br>LEI: 635400PFYEGVSGK4VB37 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125993.14    | 0.00%             | 2030-05-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                   | Florida Power & Light Co                                                         | CUSIP: 402479CF4<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |     63000 | PA      | $61911.71     | 0.00%             | 2027-05-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| COBRA ACQUISITIONCO LLC                                                    | Cobra AcquisitionCo LLC                                                          | CUSIP: 19106CAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51975.49     | 0.00%             | 2029-11-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                                             | Wynn Macau Ltd                                                                   | CUSIP: 98313RAE6<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    275000 | PA      | $264508.86    | 0.01%             | 2029-12-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| OTIS WORLDWIDE CORP                                                        | Otis Worldwide Corp                                                              | CUSIP: 68902VAJ6<br>LEI: 549300ZLBKR8VSU25153 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96612.43     | 0.00%             | 2027-04-05      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | CALIFORNIA ST                                                                    | CUSIP: 13063EBP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $207169.02    | 0.00%             | 2029-09-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Prudential Financial Inc                                                   | Prudential Financial Inc                                                         | CUSIP: 744320AW2<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    185000 | PA      | $181869.54    | 0.00%             | 2047-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                      | Directv Financing LLC                                                            | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $219146.63    | 0.00%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| RIYAD T1 SUKUK LTD                                                         | Riyad T1 Sukuk Ltd                                                               | CUSIP: 000000000<br>LEI: 254900U0H7PYCRKOV841 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $195447.67    | 0.00%             | 2029-10-03      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Roper Technologies Inc                                                     | Roper Technologies Inc                                                           | CUSIP: 776743AD8<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109007.88    | 0.00%             | 2026-12-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| PTTEP TREASURY CENTER CO                                                   | PTTEP Treasury Center Co Ltd                                                     | CUSIP: 000000000<br>LEI: 2549006WFOUPZX6TZG08 | Long             | DBT              | CORP              | TH        |    200000 | PA      | $192592.09    | 0.00%             | 2027-06-10      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc                                                    | O'Reilly Automotive Inc                                                          | CUSIP: 67103HAF4<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    377000 | PA      | $370931.45    | 0.01%             | 2027-09-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                   | Vistra Operations Co LLC                                                         | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    385000 | PA      | $384537.29    | 0.01%             | 2027-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS                                                   | First Abu Dhabi Bank PJSC                                                        | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $199653.30    | 0.00%             | 2028-04-24      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| INSTALLED BUILDING PRODU                                                   | Installed Building Products Inc                                                  | CUSIP: 45780RAA9<br>LEI: 549300I95Y9P9YM5FI86 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89765.92     | 0.00%             | 2028-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                   | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MBL8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    370000 | PA      | $369107.50    | 0.01%             | 2029-09-10      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| IND & COMM BK OF CHINA                                                     | Industrial & Commercial Bank of China Ltd                                        | CUSIP: 000000000<br>LEI: 5493002ERZU2K9PZDL40 | Long             | DBT              | CORP              | CN        |   3150000 | PA      | $3092993.82   | 0.07%             | 2026-09-24      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FUNDING ASIA                                                    | Prudential Funding Asia PLC                                                      | CUSIP: 744330AA9<br>LEI: 2549005TNASWKLR0XC37 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $283253.44    | 0.01%             | 2030-04-14      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                     | Pacific Gas and Electric Co                                                      | CUSIP: 694308JW8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    375000 | PA      | $356370.41    | 0.01%             | 2028-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                                                            | Chevron USA Inc                                                                  | CUSIP: 166756BB1<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |    365000 | PA      | $367765.91    | 0.01%             | 2028-02-26      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| HUDBAY MINERALS INC                                                        | Hudbay Minerals Inc                                                              | CUSIP: 000000000<br>LEI: 894500LX3TMESP27BE29 | Long             | DBT              | CORP              | CA        |    175000 | PA      | $175974.63    | 0.00%             | 2029-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| FIVE POINT OP CO LP/FIVE                                                   | Five Point Operating Co LP / Five Point Capital Corp                             | CUSIP: 33834YAB4<br>LEI: N/A                  | Long             | SN               | CORP              | US        |    157115 | PA      | $158703.30    | 0.00%             | 2028-01-15      | Variable      | 10.50%                | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                                   | iHeartCommunications Inc                                                         | CUSIP: 45174HBG1<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |     10000 | PA      | $8256.55      | 0.00%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| INTUIT INC                                                                 | Intuit Inc                                                                       | CUSIP: 46124HAE6<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | DBT              | CORP              | US        |    245000 | PA      | $247277.84    | 0.01%             | 2026-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA PUBLIC SERVICE                                                     | Arizona Public Service Co                                                        | CUSIP: 040555CZ5<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |    150000 | PA      | $139507.25    | 0.00%             | 2029-08-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| BAYTEX ENERGY CORP                                                         | Baytex Energy Corp                                                               | CUSIP: 07317QAJ4<br>LEI: 549300R5LTV2H7I1I079 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $254362.37    | 0.01%             | 2030-04-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TNA9<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203918.14    | 0.00%             | 2030-01-09      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ARES STRATEGIC INCOME FU                                                   | Ares Strategic Income Fund                                                       | CUSIP: 04020EAG2<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |    285000 | PA      | $286435.62    | 0.01%             | 2028-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                      | Mexico Government International Bonds                                            | CUSIP: 91087BAF7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    600000 | PA      | $591721.41    | 0.01%             | 2029-04-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                                                   | Principal Life Global Funding II                                                 | CUSIP: 74256LEY1<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    160000 | PA      | $163045.16    | 0.00%             | 2029-01-25      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                                        | Bank of Nova Scotia/The                                                          | CUSIP: 06418BAE8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    245000 | PA      | $239585.67    | 0.01%             | 2027-03-11      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                                    | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $182853.35    | 0.00%             | 2029-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                   | AT&T Inc                                                                         | CUSIP: 00206RHV7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    128000 | PA      | $126217.46    | 0.00%             | 2026-07-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| CITY OF BUENOS AIRES                                                       | Ciudad Autonoma De Buenos Aires/Government Bonds                                 | CUSIP: 000000000<br>LEI: 5299007MC8RF52X0ON96 | Long             | DBT              | NUSS              | AR        |    133340 | PA      | $134762.64    | 0.00%             | 2027-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BAKER HUGHES LLC/CO-OBL                                                    | Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc                          | CUSIP: 05724BAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $266241.40    | 0.01%             | 2026-12-15      | Fixed         | 2.06%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                    | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GES9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    228000 | PA      | $233559.83    | 0.01%             | 2027-01-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| QORVO INC                                                                  | Qorvo Inc                                                                        | CUSIP: 74736KAH4<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |    285000 | PA      | $276435.84    | 0.01%             | 2029-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WOODSIDE FINANCE LTD                                                       | Woodside Finance Ltd                                                             | CUSIP: 980236AT0<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |    370000 | PA      | $375310.62    | 0.01%             | 2030-05-19      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                                 | Grifols SA                                                                       | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    230000 | PA      | $221500.29    | 0.00%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC                                                       | Kyndryl Holdings Inc                                                             | CUSIP: 50155QAJ9<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |    219000 | PA      | $212102.30    | 0.00%             | 2026-10-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CJA0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19392000 | PA      | $19810140.00  | 0.45%             | 2028-09-30      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES INC                                                   | Agilent Technologies Inc                                                         | CUSIP: 00846UAQ4<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174250.73    | 0.00%             | 2027-09-09      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CFL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  29108000 | PA      | $29051148.58  | 0.66%             | 2029-09-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SHAOXING CITY INV GRP                                                      | Shaoxing City Investment Group Ltd                                               | CUSIP: 000000000<br>LEI: 3003006W7JO7TLFNRW68 | Long             | DBT              | CORP              | CN        |    400000 | PA      | $388189.73    | 0.01%             | 2026-08-19      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Marathon Petroleum Corp                                                    | Marathon Petroleum Corp                                                          | CUSIP: 56585ABC5<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100637.19    | 0.00%             | 2026-12-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO                                                     | Global Atlantic Fin Co                                                           | CUSIP: 37959GAG2<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    200000 | PA      | $208929.55    | 0.00%             | 2054-10-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| VALERO ENERGY CORP                                                         | Valero Energy Corp                                                               | CUSIP: 91913YBF6<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |    165000 | PA      | $167973.83    | 0.00%             | 2030-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                                       | Westpac Banking Corp                                                             | CUSIP: 961214GC1<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    275000 | PA      | $274858.14    | 0.01%             | 2030-07-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| DNB BANK ASA                                                               | DNB Bank ASA                                                                     | CUSIP: 23341CAE3<br>LEI: 549300GKFG0RYRRQ1414 | Long             | DBT              | CORP              | NO        |    230000 | PA      | $232567.93    | 0.01%             | 2030-11-05      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                                       | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    600000 | PA      | $605601.27    | 0.01%             | 2027-01-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                                     | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAJ4<br>LEI: N/A                  | Long             | DBT              |  | US        |    245000 | PA      | $247644.57    | 0.01%             | 2027-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALDAR SUKUK NO 2 LTD                                                       | Aldar Sukuk No 2 Ltd                                                             | CUSIP: 000000000<br>LEI: 54930010JDA2VE3MB531 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $193244.92    | 0.00%             | 2029-10-22      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                                                          | Nexstar Media Inc                                                                | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    330000 | PA      | $320669.52    | 0.01%             | 2028-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CMS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15320000 | PA      | $15317606.25  | 0.35%             | 2028-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                                    | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $154053.22    | 0.00%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ANALOG DEVICES INC                                                         | Analog Devices Inc                                                               | CUSIP: 032654BE4<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |    210000 | PA      | $210353.24    | 0.00%             | 2030-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ESTEE LAUDER CO INC                                                        | Estee Lauder Cos Inc/The                                                         | CUSIP: 29736RAQ3<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | DBT              | CORP              | US        |    200000 | PA      | $183662.75    | 0.00%             | 2030-04-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                     | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KAV2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38468.08     | 0.00%             | 2077-12-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FIN US INC                                                      | Stellantis Finance US Inc                                                        | CUSIP: 85855CAD2<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202229.84    | 0.00%             | 2028-01-12      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                            | CVS Health Corp                                                                  | CUSIP: 126650DW7<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    310000 | PA      | $314217.71    | 0.01%             | 2029-01-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ELEC POWER                                                    | Southwestern Electric Power Co                                                   | CUSIP: 845437BP6<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |     42000 | PA      | $41053.80     | 0.00%             | 2026-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CNTL AMR BOTTLING CORP                                                     | Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    300000 | PA      | $290954.84    | 0.01%             | 2029-04-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                                                         | Ingersoll Rand Inc                                                               | CUSIP: 45687VAC0<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |    240000 | PA      | $243111.05    | 0.01%             | 2027-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                                                   | Sumitomo Mitsui Trust Bank Ltd                                                   | CUSIP: 86563VBE8<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    215000 | PA      | $216877.18    | 0.00%             | 2027-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                       | Edison International                                                             | CUSIP: 281020AN7<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15133.14     | 0.00%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| M&T BANK CORPORATION                                                       | M&T Bank Corp                                                                    | CUSIP: 55261FAU8<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100587.47    | 0.00%             | 2029-01-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| CAMDEN PROPERTY TRUST                                                      | Camden Property Trust                                                            | CUSIP: 133131AX0<br>LEI: 5493002MYX22OHYJBD89 | Long             | DBT              |  | US        |    200000 | PA      | $190208.10    | 0.00%             | 2029-07-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Santos Finance Ltd                                                         | Santos Finance Ltd                                                               | CUSIP: 000000000<br>LEI: 213800BKUBSWG53XNS94 | Long             | DBT              | CORP              | AU        |    300000 | PA      | $301822.27    | 0.01%             | 2029-03-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Eskom Holdings SOC Ltd                                                     | Eskom Holdings SOC Ltd                                                           | CUSIP: 000000000<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    200000 | PA      | $210821.47    | 0.00%             | 2028-08-10      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PCW4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    500000 | PA      | $488381.47    | 0.01%             | 2028-02-24      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                                     | Sempra                                                                           | CUSIP: 816851BA6<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73226.91     | 0.00%             | 2027-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DARTMOUTH COLLEGE                                                          | Trustees of Dartmouth College                                                    | CUSIP: 89837RAE2<br>LEI: JVPL1XBV6YI9538FWQ05 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69860.27     | 0.00%             | 2030-06-01      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                                        | Dominion Energy Inc                                                              | CUSIP: 25746UDY2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    280000 | PA      | $281109.57    | 0.01%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                               | UBS Group AG                                                                     | CUSIP: 902613AH1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    615000 | PA      | $595538.60    | 0.01%             | 2027-08-10      | Fixed         | 1.49%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL SPECIALTY F                                                   | Bain Capital Specialty Finance Inc                                               | CUSIP: 05684BAD9<br>LEI: 549300V2JL72R0EYBK64 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129478.29    | 0.00%             | 2030-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                         | BMW US Capital LLC                                                               | CUSIP: 05565EBL8<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    300000 | PA      | $294363.57    | 0.01%             | 2030-04-09      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK                                                      | Toronto-Dominion Bank/The                                                        | CUSIP: 89114TZN5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $231932.04    | 0.01%             | 2027-01-12      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| CADILLAC FAIRVIEW PRP TR                                                   | Ontario Teachers' Cadillac Fairview Properties Trust                             | CUSIP: 68327LAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    250000 | PA      | $246598.10    | 0.01%             | 2027-03-20      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                         | Credit Agricole SA                                                               | CUSIP: 225313AM7<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $278676.64    | 0.01%             | 2030-01-14      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BEASLEY MEZ HLDGS LLC                                                      | Beasley Mezzanine Holdings LLC                                                   | CUSIP: 07403VAB5<br>LEI: 549300VK8LJV1TK18D38 | Long             | DBT              | CORP              | US        |     62000 | PA      | $23877.21     | 0.00%             | 2028-08-01      | Fixed         | 9.20%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                       | Bank of America Corp                                                             | CUSIP: 06051GGR4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    615000 | PA      | $604513.10    | 0.01%             | 2028-07-21      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| UNDER ARMOUR INC                                                           | Under Armour Inc                                                                 | CUSIP: 904311AD9<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25600.94     | 0.00%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CHEVRON PHILLIPS CHEM CO                                                   | Chevron Phillips Chemical Co LLC / Chevron Phillips Chemical Co LP               | CUSIP: 166754AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $24517.28     | 0.00%             | 2028-06-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 9128282R0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20350000 | PA      | $19679085.94  | 0.44%             | 2027-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PCP9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    829000 | PA      | $800761.70    | 0.02%             | 2027-09-22      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO                                                   | Columbia Pipelines Holding Co LLC                                                | CUSIP: 19828AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $176907.80    | 0.00%             | 2026-08-15      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                        | American Tower Corp                                                              | CUSIP: 03027XCG3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    140000 | PA      | $142814.00    | 0.00%             | 2029-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| COTY/HFC PRESTIGE/INT US                                                   | Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC             | CUSIP: 222070AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $151777.73    | 0.00%             | 2029-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                   | Caterpillar Financial Services Corp                                              | CUSIP: 14913UAQ3<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    175000 | PA      | $175740.95    | 0.00%             | 2029-08-16      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| AFRICA FINANCE CORP                                                        | Africa Finance Corp                                                              | CUSIP: 000000000<br>LEI: 213800LXFHRRXIJRXW97 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $187540.38    | 0.00%             | 2029-10-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                                             | Wynn Macau Ltd                                                                   | CUSIP: 98313RAH9<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    425000 | PA      | $420261.79    | 0.01%             | 2028-08-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                              | Citigroup Inc                                                                    | CUSIP: 172967ME8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    815000 | PA      | $797615.75    | 0.02%             | 2030-03-20      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| AGRICULTURAL BK CHINA/HK                                                   | Agricultural Bank of China Ltd/Hong Kong                                         | CUSIP: 000000000<br>LEI: 549300E7TSGLCOVSY746 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $193551.39    | 0.00%             | 2027-03-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                                                | Nutrien Ltd                                                                      | CUSIP: 67077MBA5<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |    205000 | PA      | $207298.31    | 0.00%             | 2028-03-27      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                                                          | Nexstar Media Inc                                                                | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    510000 | PA      | $509118.35    | 0.01%             | 2027-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CRP                                                   | California Resources Corp                                                        | CUSIP: 13057QAK3<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |    265000 | PA      | $272157.68    | 0.01%             | 2029-06-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| KB Home                                                                    | KB Home                                                                          | CUSIP: 48666KAX7<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |    130000 | PA      | $132806.02    | 0.00%             | 2027-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                                     | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAH8<br>LEI: N/A                  | Long             | DBT              |  | US        |    173000 | PA      | $172150.96    | 0.00%             | 2026-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                                                       | Boston Properties LP                                                             | CUSIP: 10112RBA1<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |    235000 | PA      | $232747.93    | 0.01%             | 2028-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                          | HSBC Holdings PLC                                                                | CUSIP: 404280BT5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    885000 | PA      | $883467.87    | 0.02%             | 2029-06-19      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                                                   | Altice France Holding SA                                                         | CUSIP: 02156TAA2<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |    320000 | PA      | $117665.87    | 0.00%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                                      | GFL Environmental Inc                                                            | CUSIP: 36168QAN4<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    225000 | PA      | $220180.90    | 0.00%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                      | Tenet Healthcare Corp                                                            | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    700000 | PA      | $700065.71    | 0.02%             | 2028-10-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| COMPET TEAM TECH LTD                                                       | Competition Team Technologies Ltd                                                | CUSIP: 000000000<br>LEI: 254900B6P01H4XAT6880 | Long             | DBT              | CORP              | BS        |    200000 | PA      | $197666.78    | 0.00%             | 2029-03-12      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                                                          | Cisco Systems Inc                                                                | CUSIP: 17275RBL5<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    450000 | PA      | $441597.91    | 0.01%             | 2026-09-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BANK OF CHINA/SYDNEY                                                       | Bank of China Ltd/Sydney                                                         | CUSIP: 000000000<br>LEI: 25490064D4J0UOZ7XS89 | Long             | DBT              | CORP              | CN        |    400000 | PA      | $400785.94    | 0.01%             | 2027-09-30      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| CoreCivic Inc                                                              | CoreCivic Inc                                                                    | CUSIP: 21871NAA9<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88005.39     | 0.00%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VISA INC                                                                   | Visa Inc                                                                         | CUSIP: 92826CAL6<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |    485000 | PA      | $467380.23    | 0.01%             | 2027-04-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| AEP Texas Inc                                                              | AEP Texas Inc                                                                    | CUSIP: 00108WAH3<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39383.03     | 0.00%             | 2028-06-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                                           | Deutsche Bank AG                                                                 | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    300000 | PA      | $305076.80    | 0.01%             | 2028-09-01      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                        | Petroleos Mexicanos                                                              | CUSIP: 71654QCP5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    400000 | PA      | $398362.17    | 0.01%             | 2029-01-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AXA SA                                                                     | AXA SA                                                                           | CUSIP: 000000000<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $200340.22    | 0.00%             | 2047-01-17      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| TSMC ARIZONA CORP                                                          | TSMC Arizona Corp                                                                | CUSIP: 872898AF8<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |    360000 | PA      | $356873.99    | 0.01%             | 2027-04-22      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PRECISION DRILLING CORP                                                    | Precision Drilling Corp                                                          | CUSIP: 740212AM7<br>LEI: 549300WF2OE8T5BP4B84 | Long             | DBT              | CORP              | CA        |    130000 | PA      | $129849.99    | 0.00%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| STATE STREET BANK & TR                                                     | State Street Bank & Trust Co                                                     | CUSIP: 857449AE2<br>LEI: 571474TGEMMWANRLN572 | Long             | DBT              | CORP              | US        |    255000 | PA      | $259565.92    | 0.01%             | 2029-11-23      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                                                        | Travel + Leisure Co                                                              | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    205000 | PA      | $206562.43    | 0.00%             | 2026-07-31      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| LENNAR CORP                                                                | Lennar Corp                                                                      | CUSIP: 526057CY8<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152790.32    | 0.00%             | 2030-07-30      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SUNNY OPTICAL TECH                                                         | Sunny Optical Technology Group Co Ltd                                            | CUSIP: 000000000<br>LEI: 3003004QIVP0DFVVWM94 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $202039.32    | 0.00%             | 2026-07-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| IFFIM                                                                      | International Finance Facility for Immunisation Co                               | CUSIP: 000000000<br>LEI: 549300ILK2NRULX3HX87 | Long             | DBT              | NUSS              | GB        |     95000 | PA      | $95084.56     | 0.00%             | 2027-10-29      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                                    | Starwood Property Trust Inc                                                      | CUSIP: 85571BAU9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    145000 | PA      | $142248.40    | 0.00%             | 2026-07-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                                        | Bank of Nova Scotia/The                                                          | CUSIP: 06418GAP2<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $403892.18    | 0.01%             | 2029-02-14      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| GRAFTECH FINANCE INC                                                       | GrafTech Finance Inc                                                             | CUSIP: 384311AC0<br>LEI: 1Z010BU876CF2HDBIN43 | Long             | DBT              | CORP              | US        |    170000 | PA      | $122837.04    | 0.00%             | 2029-12-23      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| KEY BANK NA                                                                | KeyBank NA/Cleveland OH                                                          | CUSIP: 49306SAA4<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    220000 | PA      | $219622.29    | 0.00%             | 2027-12-14      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| ENGIE ENERGIA CHILE SA                                                     | Engie Energia Chile SA                                                           | CUSIP: 000000000<br>LEI: 5493000FIKCC3ZDWTO77 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $185691.59    | 0.00%             | 2030-01-28      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Ventas Realty LP                                                           | Ventas Realty LP                                                                 | CUSIP: 92277GAJ6<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59035.61     | 0.00%             | 2026-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138WGVM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     29403 | PA      | $28817.99     | 0.00%             | 2031-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Perusahaan Penerbit SBSN Indonesia III                                     | Perusahaan Penerbit SBSN Indonesia III                                           | CUSIP: 71567RAK2<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    400000 | PA      | $402119.18    | 0.01%             | 2028-03-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Aflac Inc                                                                  | Aflac Inc                                                                        | CUSIP: 001055AQ5<br>LEI: 549300N0B7DOGLXWPP39 | Long             | DBT              | CORP              | US        |    145000 | PA      | $142474.37    | 0.00%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                                                       | RLJ Lodging Trust LP                                                             | CUSIP: 74965LAB7<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |    150000 | PA      | $140055.42    | 0.00%             | 2029-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140QNZF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    184084 | PA      | $170908.39    | 0.00%             | 2037-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                               | Barclays PLC                                                                     | CUSIP: 06738ECU7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $402519.90    | 0.01%             | 2030-09-10      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                                    | Zayo Group Holdings Inc                                                          | CUSIP: 98919VAB1<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    330000 | PA      | $297995.66    | 0.01%             | 2028-03-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                    | Bristol-Myers Squibb Co                                                          | CUSIP: 110122DP0<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    405000 | PA      | $378897.28    | 0.01%             | 2027-11-13      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER CAPITAL C                                                   | American Water Capital Corp                                                      | CUSIP: 03040WAS4<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |    140000 | PA      | $137777.45    | 0.00%             | 2028-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                                                      | Indonesia Government International Bond                                          | CUSIP: 455780DT0<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $200802.61    | 0.00%             | 2029-03-10      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ACUSHNET CO                                                                | Acushnet Co                                                                      | CUSIP: 005095AA2<br>LEI: 549300H805O14KEFES79 | Long             | DBT              | CORP              | US        |    110000 | PA      | $114854.45    | 0.00%             | 2028-10-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                                     | Banque Federative du Credit Mutuel SA                                            | CUSIP: 06675FBC0<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    210000 | PA      | $211845.14    | 0.00%             | 2027-01-23      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                                                     | UnitedHealth Group Inc                                                           | CUSIP: 91324PDE9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    360000 | PA      | $349329.14    | 0.01%             | 2027-10-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                        | American Tower Corp                                                              | CUSIP: 03027XAX8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    194000 | PA      | $189190.54    | 0.00%             | 2027-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PAYPAL HOLDINGS INC                                                        | PayPal Holdings Inc                                                              | CUSIP: 70450YAK9<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |    265000 | PA      | $263419.34    | 0.01%             | 2027-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| PAYPAL HOLDINGS INC                                                        | PayPal Holdings Inc                                                              | CUSIP: 70450YAE3<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |    400000 | PA      | $376487.84    | 0.01%             | 2029-10-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN CORP                                                          | NorthWestern Corp                                                                | CUSIP: 66807TAA0<br>LEI: 3BPWMBHR1R9SHUN7J795 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101498.66    | 0.00%             | 2030-03-21      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                                      | Mineral Resources Ltd                                                            | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    355000 | PA      | $368838.41    | 0.01%             | 2028-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                                           | Paramount Global                                                                 | CUSIP: 124857AX1<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |     84000 | PA      | $81410.17     | 0.00%             | 2028-06-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                                                      | Bath & Body Works Inc                                                            | CUSIP: 501797AR5<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153622.02    | 0.00%             | 2029-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| DENSO CORP                                                                 | Denso Corp                                                                       | CUSIP: 24872BAB6<br>LEI: 549300RYPA10CQM3QK38 | Long             | DBT              | CORP              | JP        |    190000 | PA      | $188670.71    | 0.00%             | 2029-09-11      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| HAZINE MUSTESARLIGI VARL                                                   | Hazine Mustesarligi Varlik Kiralama AS                                           | CUSIP: 000000000<br>LEI: 6354003QFJP7RDXEOZ20 | Long             | DBT              | NUSS              | TR        |    600000 | PA      | $601596.47    | 0.01%             | 2030-04-26      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EMIRATES NBD BANK PJSC                                                     | Emirates NBD Bank PJSC                                                           | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $204849.70    | 0.00%             | 2029-11-26      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                                     | Diamondback Energy Inc                                                           | CUSIP: 25278XAX7<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    260000 | PA      | $262733.28    | 0.01%             | 2027-04-18      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| NEDER FINANCIERINGS-MAAT                                                   | Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV               | CUSIP: 000000000<br>LEI: XTC5E2QFTEF0435JWL77 | Long             | DBT              | NUSS              | NL        |    200000 | PA      | $202923.09    | 0.00%             | 2029-06-12      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ATMOS ENERGY CORP                                                          | Atmos Energy Corp                                                                | CUSIP: 049560AR6<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |    115000 | PA      | $107354.73    | 0.00%             | 2029-09-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| BNG BANK NV                                                                | BNG Bank NV                                                                      | CUSIP: 05591F2S8<br>LEI: 529900GGYMNGRQTDOO93 | Long             | DBT              | NUSS              | NL        |    985000 | PA      | $971944.82    | 0.02%             | 2028-05-19      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| ELI LILLY & CO                                                             | Eli Lilly & Co                                                                   | CUSIP: 532457CV8<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    380000 | PA      | $387231.49    | 0.01%             | 2030-02-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                          | NatWest Group PLC                                                                | CUSIP: 780097BL4<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $397022.62    | 0.01%             | 2030-05-08      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CLQ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6732000 | PA      | $6725162.85   | 0.15%             | 2027-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                       | Bank of America Corp                                                             | CUSIP: 06051GLV9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    620000 | PA      | $629326.47    | 0.01%             | 2027-09-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                                                                 | Mattel Inc                                                                       | CUSIP: 577081BF8<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    200000 | PA      | $191708.86    | 0.00%             | 2029-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CSI MTN LTD                                                                | CSI MTN Ltd                                                                      | CUSIP: 000000000<br>LEI: 2549008F29JNGIBO2O60 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $200285.52    | 0.00%             | 2027-10-22      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TMS1<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    385000 | PA      | $385457.99    | 0.01%             | 2027-10-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| AIR PRODUCTS & CHEMICALS                                                   | Air Products and Chemicals Inc                                                   | CUSIP: 009158AY2<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38379.17     | 0.00%             | 2027-05-15      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTION                                                   | Consensus Cloud Solutions Inc                                                    | CUSIP: 20848VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $114415.11    | 0.00%             | 2028-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TRUST FIBRAUNO                                                             | Trust Fibra Uno                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              |  | MX        |    200000 | PA      | $190620.44    | 0.00%             | 2030-01-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                                 | DaVita Inc                                                                       | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    825000 | PA      | $787323.59    | 0.02%             | 2030-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XBT2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    160000 | PA      | $159248.68    | 0.00%             | 2027-01-17      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| TRIMAS CORP                                                                | TriMas Corp                                                                      | CUSIP: 896215AH3<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | DBT              | CORP              | US        |    125000 | PA      | $119923.80    | 0.00%             | 2029-04-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                   | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668CL4<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200117.40    | 0.00%             | 2027-08-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                      | Truist Financial Corp                                                            | CUSIP: 89788MAB8<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    200000 | PA      | $177485.69    | 0.00%             | 2030-06-05      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| KFW                                                                        | Kreditanstalt fuer Wiederaufbau                                                  | CUSIP: 000000000<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |   3221000 | PA      | $3218622.06   | 0.07%             | 2028-06-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BROADCOM CRP / CAYMN FI                                                    | Broadcom Corp / Broadcom Cayman Finance Ltd                                      | CUSIP: 11134LAR0<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | XX        |    250000 | PA      | $244615.51    | 0.01%             | 2028-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CARRIAGE SERVICES INC                                                      | Carriage Services Inc                                                            | CUSIP: 143905AP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $117006.68    | 0.00%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                            | CVS Health Corp                                                                  | CUSIP: 126650DG2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    540000 | PA      | $511670.64    | 0.01%             | 2029-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| LIONS GATE CAPITAL HOLD                                                    | Starz Capital Holdings LLC                                                       | CUSIP: 53627NAE1<br>LEI: 549300MWJHNLR35C0837 | Long             | DBT              | CORP              | US        |    100000 | PA      | $82778.93     | 0.00%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| NATIONAL RURAL UTIL COOP                                                   | National Rural Utilities Cooperative Finance Corp                                | CUSIP: 637432NP6<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    300000 | PA      | $293027.53    | 0.01%             | 2028-02-07      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                        | American Tower Corp                                                              | CUSIP: 03027XBY5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    325000 | PA      | $333131.28    | 0.01%             | 2028-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                                       | Las Vegas Sands Corp                                                             | CUSIP: 517834AJ6<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101664.36    | 0.00%             | 2027-06-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                                                 | Carvana Co                                                                       | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    475000 | PA      | $496893.04    | 0.01%             | 2030-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                          | Post Holdings Inc                                                                | CUSIP: 737446AP9<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    350000 | PA      | $347031.60    | 0.01%             | 2029-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NVIDIA CORP                                                                | NVIDIA Corp                                                                      | CUSIP: 67066GAM6<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |    475000 | PA      | $443394.53    | 0.01%             | 2028-06-15      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| 10 RENEW POWER SUBSIDIAR                                                   | ReNew Wind Energy AP2 / ReNew Power Pvt Ltd other 9 Subsidiaries                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |    200000 | PA      | $190530.52    | 0.00%             | 2028-07-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                                             | Mastercard Inc                                                                   | CUSIP: 57636QAP9<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    480000 | PA      | $460926.63    | 0.01%             | 2030-03-26      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Entergy Arkansas LLC                                                       | Entergy Arkansas LLC                                                             | CUSIP: 29364DAV2<br>LEI: 549300A0I5ONUIFMLP35 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54678.06     | 0.00%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2016-2 AA PTT                                                   | United Airlines 2016-2 Class AA Pass Through Trust                               | CUSIP: 90932EAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190205 | PA      | $179349.10    | 0.00%             | 2028-10-07      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                                               | Entegris Inc                                                                     | CUSIP: 29362UAC8<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121684.25    | 0.00%             | 2028-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                                                        | Travel + Leisure Co                                                              | CUSIP: 98310WAQ1<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95953.24     | 0.00%             | 2030-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NCL FINANCE LTD                                                            | NCL Finance Ltd                                                                  | CUSIP: 62888HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    185000 | PA      | $187588.97    | 0.00%             | 2028-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                | BNP Paribas SA                                                                   | CUSIP: 09659W2R4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    365000 | PA      | $338312.71    | 0.01%             | 2029-09-15      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                                    | Dell International LLC / EMC Corp                                                | CUSIP: 24703TAG1<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    540000 | PA      | $554432.72    | 0.01%             | 2029-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| JOHNSON CONTROLS/TYCO FI                                                   | Johnson Controls International plc / Tyco Fire & Security Finance SCA            | CUSIP: 477921AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    205000 | PA      | $212181.89    | 0.00%             | 2029-04-19      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CEW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19743750.00  | 0.45%             | 2027-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| KRATON CORP                                                                | Kraton Corp                                                                      | CUSIP: 000000000<br>LEI: 894500IZY1GHOLAVZL83 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201952.78    | 0.00%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138WJSA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13056 | PA      | $12644.60     | 0.00%             | 2031-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Zoetis Inc                                                                 | Zoetis Inc                                                                       | CUSIP: 98978VAL7<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    272000 | PA      | $264770.30    | 0.01%             | 2027-09-12      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                                                   | Svenska Handelsbanken AB                                                         | CUSIP: 86959LAS2<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |    250000 | PA      | $250927.46    | 0.01%             | 2028-05-23      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                                    | Metropolitan Life Global Funding I                                               | CUSIP: 59217GDC0<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    150000 | PA      | $142655.88    | 0.00%             | 2029-06-17      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46625HRY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    905000 | PA      | $895600.05    | 0.02%             | 2028-02-01      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                     | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KCW8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    235000 | PA      | $242499.87    | 0.01%             | 2054-09-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| CADENCE DESIGN SYS INC                                                     | Cadence Design Systems Inc                                                       | CUSIP: 127387AM0<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79927.40     | 0.00%             | 2027-09-10      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                                     | Turkiye Government International Bonds                                           | CUSIP: 900123DH0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    600000 | PA      | $661819.46    | 0.01%             | 2029-03-14      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| SNF GROUP SACA                                                             | SNF Group SACA                                                                   | CUSIP: 7846ELAE7<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |    105000 | PA      | $96493.95     | 0.00%             | 2030-03-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co                                                    | Bristol-Myers Squibb Co                                                          | CUSIP: 110122BB3<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39434.56     | 0.00%             | 2027-02-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AES PANAMA GENERATION HL                                                   | AES Panama Generation Holdings SRL                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |    376335 | PA      | $343884.40    | 0.01%             | 2030-05-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LIQUID TELECOM FINANCE                                                     | Liquid Telecommunications Financing Plc                                          | CUSIP: 000000000<br>LEI: 635400MXAVJRJJCWVI87 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $171203.92    | 0.00%             | 2026-09-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                                                            | Xcel Energy Inc                                                                  | CUSIP: 98389BAY6<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    150000 | PA      | $142128.49    | 0.00%             | 2030-06-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| WARRIOR MET COAL INC                                                       | Warrior Met Coal Inc                                                             | CUSIP: 93627CAB7<br>LEI: 549300152B1S9YKBYV79 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46048.20     | 0.00%             | 2028-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                                           | Paramount Global                                                                 | CUSIP: 124857AZ6<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    160000 | PA      | $155725.75    | 0.00%             | 2029-06-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                    | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GB60<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    975000 | PA      | $973940.75    | 0.02%             | 2030-10-23      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD / BORR FIN                                                    | Borr IHC Ltd / Borr Finance LLC                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    356098 | PA      | $341227.24    | 0.01%             | 2028-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 31418ECV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    777072 | PA      | $721279.55    | 0.02%             | 2037-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Spirit AeroSystems Inc                                                     | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAK6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    225000 | PA      | $221377.49    | 0.00%             | 2028-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| S&P GLOBAL INC                                                             | S&P Global Inc                                                                   | CUSIP: 78409VBG8<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    305000 | PA      | $304287.92    | 0.01%             | 2029-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                   | AT&T Inc                                                                         | CUSIP: 00206RDQ2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    557000 | PA      | $555140.43    | 0.01%             | 2027-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                                                        | CommonSpirit Health                                                              | CUSIP: 20268JAB9<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    290000 | PA      | $276580.84    | 0.01%             | 2029-10-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Texas Instruments Inc                                                      | Texas Instruments Inc                                                            | CUSIP: 882508BC7<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    135000 | PA      | $131261.13    | 0.00%             | 2027-11-03      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                              | TransDigm Inc                                                                    | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    630000 | PA      | $642897.05    | 0.01%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                                   | National Rural Utilities Cooperative Finance Corp                                | CUSIP: 63743HFW7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90783.75     | 0.00%             | 2028-02-07      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                                     | Mizuho Financial Group Inc                                                       | CUSIP: 60687YAG4<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $196482.10    | 0.00%             | 2026-09-13      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                                    | Starwood Property Trust Inc                                                      | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    125000 | PA      | $126263.38    | 0.00%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                               | Barclays PLC                                                                     | CUSIP: 06738EBD6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    435000 | PA      | $438729.79    | 0.01%             | 2029-05-16      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| TURKIYE VAKIFLAR BANKASI                                                   | Turkiye Vakiflar Bankasi TAO                                                     | CUSIP: 000000000<br>LEI: 789000KAIHOLSQKQ9858 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $199534.04    | 0.00%             | 2030-01-07      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CJC6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21715000 | PA      | $21840539.84  | 0.49%             | 2026-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| IMOLA MERGER CORP                                                          | Imola Merger Corp                                                                | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $581726.26    | 0.01%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                                                   | Yapi ve Kredi Bankasi AS                                                         | CUSIP: 000000000<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $215097.37    | 0.00%             | 2028-10-16      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                                           | ABN AMRO Bank NV                                                                 | CUSIP: 00084DBA7<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |    375000 | PA      | $381778.68    | 0.01%             | 2027-09-18      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                                             | Transocean Inc                                                                   | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |    280000 | PA      | $290197.13    | 0.01%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                                                               | AutoZone Inc                                                                     | CUSIP: 053332BM3<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25550.14     | 0.00%             | 2030-06-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| EMAAR SUKUK LTD                                                            | Emaar Sukuk Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300NZHOOO6634T541 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $193854.86    | 0.00%             | 2029-09-17      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MOTION BONDCO DAC                                                          | Motion Bondco DAC                                                                | CUSIP: 61978XAA5<br>LEI: 635400KFD3IETNQLA755 | Long             | DBT              | CORP              | IE        |    145000 | PA      | $138038.16    | 0.00%             | 2027-11-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| GPD COS INC                                                                | GPD Cos Inc                                                                      | CUSIP: 36260VAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    101789 | PA      | $88361.19     | 0.00%             | 2029-12-31      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| WISCONSIN ELECTRIC POWER                                                   | Wisconsin Electric Power Co                                                      | CUSIP: 976656CQ9<br>LEI: AENKIFMULUAWOUU8Q584 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86792.03     | 0.00%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                           | Deutsche Bank AG/New York NY                                                     | CUSIP: 251526DA4<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    450000 | PA      | $457424.41    | 0.01%             | 2031-05-09      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                                     | Mizuho Financial Group Inc                                                       | CUSIP: 60687YDH9<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $202928.80    | 0.00%             | 2031-05-13      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| ENERFLEX LTD                                                               | Enerflex Ltd                                                                     | CUSIP: 29269RAA3<br>LEI: 54930014N7872VUS3F89 | Long             | DBT              | CORP              | CA        |    194000 | PA      | $199823.56    | 0.00%             | 2027-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                     | Pacific Gas and Electric Co                                                      | CUSIP: 694308JK4<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    385000 | PA      | $373623.21    | 0.01%             | 2028-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| China Government International Bonds                                       | China Government International Bonds                                             | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    400000 | PA      | $391338.17    | 0.01%             | 2027-11-02      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                 | US Bancorp                                                                       | CUSIP: 91159HJT8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    230000 | PA      | $233463.74    | 0.01%             | 2031-02-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| EMIRATES NBD BANK PJSC                                                     | Emirates NBD Bank PJSC                                                           | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $205173.59    | 0.00%             | 2027-10-21      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BNG BANK NV                                                                | BNG Bank NV                                                                      | CUSIP: 05591F2W9<br>LEI: 529900GGYMNGRQTDOO93 | Long             | DBT              | NUSS              | NL        |    400000 | PA      | $402201.33    | 0.01%             | 2027-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| TORONTO-DOMINION BANK                                                      | Toronto-Dominion Bank/The                                                        | CUSIP: 89115A3C4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    290000 | PA      | $292800.28    | 0.01%             | 2029-12-17      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                       | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AN1<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    230000 | PA      | $228662.60    | 0.01%             | 2030-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                                                   | Northwestern Mutual Global Funding                                               | CUSIP: 66815L2M0<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121955.73    | 0.00%             | 2028-06-12      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE OP CO                                                       | Public Storage Operating Co                                                      | CUSIP: 74460WAD9<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              |  | US        |    200000 | PA      | $187291.13    | 0.00%             | 2028-05-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| ANYWHERE REAL EST/CO-ISS                                                   | Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp                         | CUSIP: 75606DAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $191523.56    | 0.00%             | 2030-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| Norfolk Southern Corp                                                      | Norfolk Southern Corp                                                            | CUSIP: 655844BT4<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    155000 | PA      | $151616.63    | 0.00%             | 2027-06-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                                   | Saudi Government International Bond                                              | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |   1400000 | PA      | $1377778.58   | 0.03%             | 2026-10-26      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                                                            | Yum! Brands Inc                                                                  | CUSIP: 988498AL5<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    225000 | PA      | $221721.97    | 0.01%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ATLANTIC CITY ELECTRIC                                                     | Atlantic City Electric Co                                                        | CUSIP: 048303CH2<br>LEI: 549300S5TW3VP5V06B73 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24750.66     | 0.00%             | 2028-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                                        | Synchrony Financial                                                              | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201390.43    | 0.00%             | 2031-03-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                                                              | Amphenol Corp                                                                    | CUSIP: 032095AJ0<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    270000 | PA      | $252511.49    | 0.01%             | 2030-02-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets PLC                                                     | BP Capital Markets PLC                                                           | CUSIP: 05565QDN5<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |    494000 | PA      | $484333.43    | 0.01%             | 2027-09-19      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| H.B. FULLER CO                                                             | HB Fuller Co                                                                     | CUSIP: 359694AB2<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |     85000 | PA      | $83441.60     | 0.00%             | 2027-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GATX CORP                                                                  | GATX Corp                                                                        | CUSIP: 361448BP7<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30344.71     | 0.00%             | 2027-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                     | Verizon Communications Inc                                                       | CUSIP: 92343VER1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1268387.18   | 0.03%             | 2028-09-21      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                           | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FDES7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1300000 | PA      | $1259118.43   | 0.03%             | 2032-04-25      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                               | UBS Group AG                                                                     | CUSIP: 902613BJ6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    915000 | PA      | $937891.53    | 0.02%             | 2030-02-08      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                   | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BR4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $372044.47    | 0.01%             | 2029-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CSX Corp                                                                   | CSX Corp                                                                         | CUSIP: 126408HE6<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    185000 | PA      | $181113.52    | 0.00%             | 2026-11-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| COLGATE-PALMOLIVE CO                                                       | Colgate-Palmolive Co                                                             | CUSIP: 194162AT0<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134719.67    | 0.00%             | 2030-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                                           | LPL Holdings Inc                                                                 | CUSIP: 50212YAN4<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25148.83     | 0.00%             | 2028-04-03      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| OSHKOSH CORP                                                               | Oshkosh Corp                                                                     | CUSIP: 688225AH4<br>LEI: 549300FEKNPCFSA2B506 | Long             | DBT              | CORP              | US        |     90000 | PA      | $84048.19     | 0.00%             | 2030-03-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| WOORI BANK                                                                 | Woori Bank                                                                       | CUSIP: 98105GAP7<br>LEI: 549300VUVMRL6RE7R376 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $201512.88    | 0.00%             | 2029-01-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| OVERSEA-CHINESE BANKING                                                    | Oversea-Chinese Banking Corp Ltd                                                 | CUSIP: 000000000<br>LEI: 5493007O3QFXCPOGWK22 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $206279.66    | 0.00%             | 2034-05-21      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                   | EQT Corp                                                                         | CUSIP: 26884LAL3<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110671.11    | 0.00%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                     | PNC Financial Services Group Inc/The                                             | CUSIP: 693475CB9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    320000 | PA      | $327963.27    | 0.01%             | 2031-01-29      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| Gaci First Investment Co.                                                  | Gaci First Investment Co.                                                        | CUSIP: 000000000<br>LEI: 558600TU1PWGNLZ3XM88 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $403494.25    | 0.01%             | 2027-10-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                                                     | Fairfax Financial Holdings Ltd                                                   | CUSIP: 303901BB7<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |    235000 | PA      | $236386.36    | 0.01%             | 2028-04-17      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Allison Transmission Inc                                                   | Allison Transmission Inc                                                         | CUSIP: 019736AF4<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150604.06    | 0.00%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DP WORLD CRESCENT LTD                                                      | DP World Crescent Ltd                                                            | CUSIP: 000000000<br>LEI: 21380096JRTWB8TL9236 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $193394.65    | 0.00%             | 2029-07-18      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                         | BMW US Capital LLC                                                               | CUSIP: 05565ECP8<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75086.33     | 0.00%             | 2026-08-13      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                                   | Hess Midstream Operations LP                                                     | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $217746.57    | 0.00%             | 2030-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                                             | Owens-Brockway Glass Container Inc                                               | CUSIP: 69073TAT0<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200166.57    | 0.00%             | 2027-05-13      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                | Oracle Corp                                                                      | CUSIP: 68389XCH6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    415000 | PA      | $440021.08    | 0.01%             | 2029-11-09      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78016FZW7<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    274000 | PA      | $277807.84    | 0.01%             | 2028-01-12      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                      | Truist Financial Corp                                                            | CUSIP: 89788MAG7<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    385000 | PA      | $382923.32    | 0.01%             | 2028-06-06      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                                          | Service Corp International/US                                                    | CUSIP: 817565CD4<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    185000 | PA      | $183237.82    | 0.00%             | 2027-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                     | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KDJ6<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    330000 | PA      | $335992.60    | 0.01%             | 2030-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138WHQK1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    410036 | PA      | $393449.28    | 0.01%             | 2031-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138WKXZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     65542 | PA      | $64052.94     | 0.00%             | 2032-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                                                  | Apple Inc                                                                        | CUSIP: 037833BZ2<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    800000 | PA      | $786096.87    | 0.02%             | 2026-08-04      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| TELEDYNE TECHNOLOGIES IN                                                   | Teledyne Technologies Inc                                                        | CUSIP: 879360AD7<br>LEI: 549300VSMO9KYQWDND94 | Long             | DBT              | CORP              | US        |    105000 | PA      | $99443.98     | 0.00%             | 2028-04-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| SHARJAH SUKUK PROGRAM                                                      | Sharjah Sukuk Program Ltd                                                        | CUSIP: 000000000<br>LEI: 549300N3BQ9P6RRMVV02 | Long             | DBT              | NUSS              | KY        |    400000 | PA      | $393269.92    | 0.01%             | 2028-03-14      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| Constellation Brands Inc                                                   | Constellation Brands Inc                                                         | CUSIP: 21036PAS7<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    215000 | PA      | $211450.86    | 0.00%             | 2027-05-09      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| STAR LEASING CO LLC                                                        | Star Leasing Co LLC                                                              | CUSIP: 854938AA5<br>LEI: 549300WXKNX4PT3HSN71 | Long             | DBT              | CORP              | US        |    170000 | PA      | $167773.95    | 0.00%             | 2030-02-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                       | Glencore Funding LLC                                                             | CUSIP: 378272BR8<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    175000 | PA      | $177047.79    | 0.00%             | 2027-04-04      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Wastewater Revenue | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILS COMMISSION WSTWTR                      | CUSIP: 79768HJN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252373.68    | 0.01%             | 2027-10-01      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV                                                   | Asian Infrastructure Investment Bank/The                                         | CUSIP: 04522KAJ5<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |   1155000 | PA      | $1157042.43   | 0.03%             | 2028-01-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                                                           | Arches Buyer Inc                                                                 | CUSIP: 039524AA1<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |    315000 | PA      | $303639.89    | 0.01%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                                                    | Howard Midstream Energy Partners LLC                                             | CUSIP: 442722AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $182898.25    | 0.00%             | 2028-07-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| PepsiCo Inc                                                                | PepsiCo Inc                                                                      | CUSIP: 713448DY1<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    415000 | PA      | $405125.67    | 0.01%             | 2027-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA G&E CO                                                            | Oklahoma Gas and Electric Co                                                     | CUSIP: 678858BV2<br>LEI: 549300VJ8YXGPO8EV472 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94696.94     | 0.00%             | 2030-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                                                       | BAT International Finance PLC                                                    | CUSIP: 05530QAQ3<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |    340000 | PA      | $355161.49    | 0.01%             | 2029-02-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| ONESKY FLIGHT LLC                                                          | OneSky Flight LLC                                                                | CUSIP: 68278CAA3<br>LEI: 549300PM6NEPXGG5B882 | Long             | DBT              | CORP              | US        |    165000 | PA      | $173891.58    | 0.00%             | 2029-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                 | US Bancorp                                                                       | CUSIP: 91159HJM3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    650000 | PA      | $672571.83    | 0.02%             | 2029-06-12      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| FED CAISSES DESJARDINS                                                     | Federation des Caisses Desjardins du Quebec                                      | CUSIP: 31429KAL7<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |    290000 | PA      | $297398.53    | 0.01%             | 2029-04-26      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                                            | Madison IAQ LLC                                                                  | CUSIP: 55760LAA5<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    230000 | PA      | $222615.79    | 0.01%             | 2028-06-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132D6AM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    287286 | PA      | $267623.84    | 0.01%             | 2036-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| EVERGY METRO                                                               | Evergy Metro Inc                                                                 | CUSIP: 30037DAA3<br>LEI: 1128SIJQ26096WL7IO82 | Long             | DBT              | CORP              | US        |    150000 | PA      | $135489.87    | 0.00%             | 2030-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: —       |
| VISTRA CORP                                                                | Vistra Operations Co LLC                                                         | CUSIP: 92840VAA0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299734.06    | 0.01%             | 2026-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United Utilities PLC                                                       | United Utilities PLC                                                             | CUSIP: 91311QAC9<br>LEI: 213800KYT12UFB2VE455 | Long             | DBT              | CORP              | GB        |    120000 | PA      | $127406.27    | 0.00%             | 2028-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                                     | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    455000 | PA      | $451575.46    | 0.01%             | 2027-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                    | Hyundai Capital America                                                          | CUSIP: 44891CAK9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195535.69    | 0.00%             | 2026-09-27      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Jordan Government International Bonds                                      | Jordan Government International Bonds                                            | CUSIP: 000000000<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    400000 | PA      | $412894.95    | 0.01%             | 2029-01-13      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PEG7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    855000 | PA      | $886097.61    | 0.02%             | 2030-04-22      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                                           | Paramount Global                                                                 | CUSIP: 124857AR4<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |     94000 | PA      | $91476.74     | 0.00%             | 2027-01-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY                                                       | Carpenter Technology Corp                                                        | CUSIP: 144285AM5<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77228.30     | 0.00%             | 2030-03-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| BGC GROUP INC                                                              | BGC Group Inc                                                                    | CUSIP: 05555LAC5<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |    175000 | PA      | $177032.32    | 0.00%             | 2030-04-02      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE OP CO                                                       | Public Storage Operating Co                                                      | CUSIP: 74460WAF4<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              |  | US        |    175000 | PA      | $179494.93    | 0.00%             | 2029-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TMK8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    325000 | PA      | $326982.38    | 0.01%             | 2029-08-09      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                         | Energy Transfer LP                                                               | CUSIP: 86765BAT6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    195000 | PA      | $193904.31    | 0.00%             | 2026-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Prologis LP                                                                | Prologis LP                                                                      | CUSIP: 74340XBH3<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |    100000 | PA      | $98694.58     | 0.00%             | 2028-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                                                     | CNH Industrial Capital LLC                                                       | CUSIP: 12592BAT1<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74862.57     | 0.00%             | 2027-10-08      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TOLL BROS FINANCE CORP                                                     | Toll Brothers Finance Corp                                                       | CUSIP: 88947EAS9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    194000 | PA      | $194421.43    | 0.00%             | 2027-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                                     | Nigeria Government International Bonds                                           | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    400000 | PA      | $397469.17    | 0.01%             | 2027-11-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CORP                                                          | Toyota Motor Corp                                                                | CUSIP: 892331AS8<br>LEI: 5493006W3QUS5LMH6R84 | Long             | DBT              | CORP              | JP        |    150000 | PA      | $149741.25    | 0.00%             | 2027-06-30      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| CNTRL PARENT/CDK GLB INC                                                   | Central Parent Inc / CDK Global Inc                                              | CUSIP: 15477CAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $185412.27    | 0.00%             | 2029-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                                           | Welltower OP LLC                                                                 | CUSIP: 95040QAD6<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    480000 | PA      | $479102.36    | 0.01%             | 2028-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK                                                   | Huntington National Bank/The                                                     | CUSIP: 44644MAJ0<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |    250000 | PA      | $259073.39    | 0.01%             | 2030-01-10      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                                                      | Indonesia Government International Bond                                          | CUSIP: 455780DZ6<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $207009.29    | 0.00%             | 2030-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LATAM AIRLINES GROUP SA                                                    | Latam Airlines Group SA                                                          | CUSIP: 000000000<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |    400000 | PA      | $412468.68    | 0.01%             | 2030-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 31418EDH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    403331 | PA      | $374372.68    | 0.01%             | 2037-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| APOLLO MANAGEMENT HOLDIN                                                   | Apollo Management Holdings LP                                                    | CUSIP: 03765HAD3<br>LEI: 5493006XQW0V5K38YM64 | Long             | DBT              | CORP              | US        |    210000 | PA      | $210636.67    | 0.00%             | 2029-02-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| Conagra Brands Inc                                                         | Conagra Brands Inc                                                               | CUSIP: 205887CC4<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |    345000 | PA      | $346348.31    | 0.01%             | 2028-11-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| INTUIT INC                                                                 | Intuit Inc                                                                       | CUSIP: 46124HAF3<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | DBT              | CORP              | US        |    305000 | PA      | $312958.70    | 0.01%             | 2028-09-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| INDIANA MICHIGAN POWER                                                     | Indiana Michigan Power Co                                                        | CUSIP: 454889AS5<br>LEI: JHR9V15J0ZRG02MIRD06 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98569.55     | 0.00%             | 2028-05-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| GATX Corp                                                                  | GATX Corp                                                                        | CUSIP: 361448AY9<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    172000 | PA      | $169217.13    | 0.00%             | 2026-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                                                   | Aptiv Swiss Holdings Ltd                                                         | CUSIP: 03835VAG1<br>LEI: 254900HTTDFIJZ32GX53 | Long             | DBT              | CORP              | JE        |    150000 | PA      | $148278.83    | 0.00%             | 2029-03-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                      | American Airlines Inc                                                            | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    300000 | PA      | $313504.73    | 0.01%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TATA CAPITAL LTD                                                           | Tata Capital Ltd                                                                 | CUSIP: 000000000<br>LEI: 335800TXSHN87ZZ57925 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $202314.80    | 0.00%             | 2028-07-21      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| TYSON FOODS INC                                                            | Tyson Foods Inc                                                                  | CUSIP: 902494BL6<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153959.44    | 0.00%             | 2029-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| QIB SUKUK LTD                                                              | QIB Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 549300XDP1VCBZLCP049 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $199030.91    | 0.00%             | 2029-09-17      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| NESTLE HOLDINGS INC                                                        | Nestle Holdings Inc                                                              | CUSIP: 641062AS3<br>LEI: 549300EAEU8YV8MQXP30 | Long             | DBT              | CORP              | US        |    395000 | PA      | $369902.75    | 0.01%             | 2027-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                             | NRG Energy Inc                                                                   | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    150000 | PA      | $140820.97    | 0.00%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                                     | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    300000 | PA      | $273190.61    | 0.01%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ADL8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251654.33    | 0.01%             | 2028-01-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                           | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137F64P9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1971373 | PA      | $1866130.57   | 0.04%             | 2027-09-25      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                | BNP Paribas SA                                                                   | CUSIP: 09659W2C7<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    565000 | PA      | $551177.15    | 0.01%             | 2027-11-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                                                | Equinix Inc                                                                      | CUSIP: 29444UBR6<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |     65000 | PA      | $60781.18     | 0.00%             | 2028-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                                                  | Apple Inc                                                                        | CUSIP: 037833CR9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    390000 | PA      | $384103.08    | 0.01%             | 2027-05-11      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                                           | AmWINS Group Inc                                                                 | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    250000 | PA      | $242715.67    | 0.01%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES                             | BlackRock Cash Funds: Treasury, SL Agency Shares                                 | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |    100000 | NS      | $100000.00    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                   | Lloyds Banking Group PLC                                                         | CUSIP: 53944YAZ6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    410000 | PA      | $414463.48    | 0.01%             | 2028-01-05      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC                                                           | Credit Acceptance Corp                                                           | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $216838.59    | 0.00%             | 2028-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                          | HSBC Holdings PLC                                                                | CUSIP: 404280EW5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $610665.11    | 0.01%             | 2031-05-13      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| NY STATE ELECTRIC & GAS                                                    | New York State Electric & Gas Corp                                               | CUSIP: 649840CQ6<br>LEI: 549300GEC6J0YHUXA160 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98323.65     | 0.00%             | 2026-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                                        | Exeter Automobile Receivables Trust 2024-2                                       | CUSIP: 30166DAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2017135.12   | 0.05%             | 2029-05-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                       | Bank of America Corp                                                             | CUSIP: 06051GHQ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    900000 | PA      | $884416.23    | 0.02%             | 2030-02-07      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| KOREA DEVELOPMENT BANK                                                     | Korea Development Bank/The                                                       | CUSIP: 500630EJ3<br>LEI: 549300ML2LNRZUCS7149 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $201466.57    | 0.00%             | 2030-02-03      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp                                                       | Westpac Banking Corp                                                             | CUSIP: 961214DC4<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    290000 | PA      | $285173.27    | 0.01%             | 2026-08-19      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PDX1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    655000 | PA      | $686156.31    | 0.02%             | 2029-10-23      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO                                                   | Scientific Games Holdings LP/Scientific Games US FinCo Inc                       | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $226538.77    | 0.01%             | 2030-03-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| KOREA GAS CORP                                                             | Korea Gas Corp                                                                   | CUSIP: 50066CAU3<br>LEI: 988400TFZILHBD5M3R71 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $202449.85    | 0.00%             | 2028-07-05      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GS CALTEX CORP                                                             | GS Caltex Corp                                                                   | CUSIP: 000000000<br>LEI: 988400KLBPXB4WMBUX18 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $203670.61    | 0.00%             | 2028-08-07      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                                                        | Rocket Software Inc                                                              | CUSIP: 77314EAA6<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194401.27    | 0.00%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Aramark Services Inc                                                       | Aramark Services Inc                                                             | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |    385000 | PA      | $381246.44    | 0.01%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                     | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607L8C0<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    430000 | PA      | $436571.82    | 0.01%             | 2027-06-28      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| CMS Energy Corp                                                            | CMS Energy Corp                                                                  | CUSIP: 125896BS8<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    110000 | PA      | $107860.02    | 0.00%             | 2027-08-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| TSMC GLOBAL LTD                                                            | TSMC Global Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300N2ZLI21P85T117 | Long             | DBT              | CORP              | VG        |    400000 | PA      | $399524.69    | 0.01%             | 2027-07-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 31410LUK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     86753 | PA      | $84792.20     | 0.00%             | 2032-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY PENN ELECTRI                                                   | FirstEnergy Pennsylvania Electric Co                                             | CUSIP: 708696BY4<br>LEI: O1PLQWO3TX952VMBJ146 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48332.09     | 0.00%             | 2028-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                      | Level 3 Financing Inc                                                            | CUSIP: 527298BS1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    100000 | PA      | $85068.79     | 0.00%             | 2029-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| OCEANEERING INTL INC                                                       | Oceaneering International Inc                                                    | CUSIP: 675232AD4<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65069.20     | 0.00%             | 2028-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| BANK OF NY MELLON CORP                                                     | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406RCH8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65117.87     | 0.00%             | 2028-06-09      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                       | Verizon Master Trust                                                             | CUSIP: 92348KDE0<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $997634.97    | 0.02%             | 2030-08-20      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                    | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GWV2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    800000 | PA      | $785212.28    | 0.02%             | 2029-04-23      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                                                          | GXO Logistics Inc                                                                | CUSIP: 36262GAF8<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    215000 | PA      | $223568.59    | 0.01%             | 2029-05-06      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Aon Corp                                                                   | Aon Corp                                                                         | CUSIP: 037389BB8<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |    140000 | PA      | $140295.93    | 0.00%             | 2028-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SINGTEL GROUP TREASURY                                                     | SingTel Group Treasury Pte Ltd                                                   | CUSIP: 000000000<br>LEI: 2549002FQJ4364A54N70 | Long             | DBT              | CORP              | SG        |    400000 | PA      | $371773.45    | 0.01%             | 2029-08-28      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                                   | Hess Midstream Operations LP                                                     | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $175119.86    | 0.00%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Republic of Korea                                                          | Korea International Bond                                                         | CUSIP: 50064FAM6<br>LEI: 549300O0QCVSQGPGDT58 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $195857.24    | 0.00%             | 2027-01-19      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Walmart Inc                                                                | Walmart Inc                                                                      | CUSIP: 931142EE9<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    470000 | PA      | $465855.62    | 0.01%             | 2028-06-26      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                                     | Sempra                                                                           | CUSIP: 816851BQ1<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    213000 | PA      | $214405.58    | 0.00%             | 2026-08-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BANK OF COMMUNICATION HK                                                   | Bank of Communications Hong Kong Ltd                                             | CUSIP: 000000000<br>LEI: 254900BIDL79UKUMX541 | Long             | DBT              | CORP              | HK        |    350000 | PA      | $342355.55    | 0.01%             | 2031-07-08      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 3128MMU76<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     35856 | PA      | $34784.37     | 0.00%             | 2031-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                                             | Open Text Corp                                                                   | CUSIP: 683715AC0<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    270000 | PA      | $260120.56    | 0.01%             | 2028-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds                                   | Indonesia Government International Bonds                                         | CUSIP: 455780CH7<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $203138.03    | 0.00%             | 2029-02-11      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ARES STRATEGIC INCOME FU                                                   | Ares Strategic Income Fund                                                       | CUSIP: 04020EAB3<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204729.53    | 0.00%             | 2029-08-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                                                    | GA Global Funding Trust                                                          | CUSIP: 36143L2R5<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153652.94    | 0.00%             | 2030-01-13      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                   | Service Properties Trust                                                         | CUSIP: 44106MBB7<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    124000 | PA      | $109293.26    | 0.00%             | 2029-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                                            | McDonald's Corp                                                                  | CUSIP: 58013MFJ8<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    230000 | PA      | $215296.15    | 0.00%             | 2029-09-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                                           | Welltower OP LLC                                                                 | CUSIP: 95040QAK0<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    239000 | PA      | $233176.26    | 0.01%             | 2027-02-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| ENOVA INTERNATIONAL INC                                                    | Enova International Inc                                                          | CUSIP: 29357KAK9<br>LEI: 549300O8XOCQSB49UO63 | Long             | DBT              | CORP              | US        |    150000 | PA      | $157158.54    | 0.00%             | 2029-08-01      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                        | COMM 2015-CCRE27 Mortgage Trust                                                  | CUSIP: 12635QBG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    949898 | PA      | $947857.24    | 0.02%             | 2048-10-10      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CORP                                                          | Toyota Motor Corp                                                                | CUSIP: 892331AU3<br>LEI: 5493006W3QUS5LMH6R84 | Long             | DBT              | CORP              | JP        |     75000 | PA      | $74968.45     | 0.00%             | 2030-06-30      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                                                   | Northwestern Mutual Global Funding                                               | CUSIP: 66815L2V0<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201040.98    | 0.00%             | 2028-03-21      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Walmart Inc                                                                | Walmart Inc                                                                      | CUSIP: 931142CH4<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    240000 | PA      | $247040.18    | 0.01%             | 2027-04-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TRANSMONTAIGNE PARTNERS                                                    | TransMontaigne Partners LLC                                                      | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $156747.94    | 0.00%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                     | Philip Morris International Inc                                                  | CUSIP: 718172DT3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    155000 | PA      | $153897.16    | 0.00%             | 2030-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78016HZX1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    360000 | PA      | $361674.42    | 0.01%             | 2027-07-23      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Asian Development Bank                                                     | Asian Development Bank                                                           | CUSIP: 045167EG4<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |   1035000 | PA      | $1006809.48   | 0.02%             | 2028-01-19      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| European Investment Bank                                                   | European Investment Bank                                                         | CUSIP: 298785HM1<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |    210000 | PA      | $204007.74    | 0.00%             | 2027-05-24      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| STL HOLDING CO LLC                                                         | STL Holding Co LLC                                                               | CUSIP: 861036AB7<br>LEI: 984500BC2I63E7F48656 | Long             | DBT              | CORP              | US        |     80000 | PA      | $83205.16     | 0.00%             | 2029-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                               | Navient Corp                                                                     | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    225000 | PA      | $220149.07    | 0.00%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Whirlpool Corp                                                             | Whirlpool Corp                                                                   | CUSIP: 963320AW6<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    260000 | PA      | $253955.12    | 0.01%             | 2029-02-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AIR CANADA 2015-1A PTT                                                     | Air Canada 2015-1 Class A Pass Through Trust                                     | CUSIP: 009090AA9<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |     66015 | PA      | $64377.35     | 0.00%             | 2027-03-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| BGC GROUP INC                                                              | BGC Group Inc                                                                    | CUSIP: 088929AC8<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |    130000 | PA      | $138521.89    | 0.00%             | 2028-05-25      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                                     | Daimler Truck Finance North America LLC                                          | CUSIP: 233853AM2<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246283.68    | 0.01%             | 2027-04-07      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR                                                   | Corp Financiera de Desarrollo SA                                                 | CUSIP: 000000000<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |    200000 | PA      | $189739.39    | 0.00%             | 2027-09-28      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                                             | NRG Energy Inc                                                                   | CUSIP: 629377CH3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    225000 | PA      | $222495.72    | 0.01%             | 2029-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                                                    | Talen Energy Supply LLC                                                          | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    360000 | PA      | $382644.90    | 0.01%             | 2030-06-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST LP                                                    | Digital Realty Trust LP                                                          | CUSIP: 25389JAU0<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              |  | US        |    195000 | PA      | $187861.87    | 0.00%             | 2029-07-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                                                | PepsiCo Inc                                                                      | CUSIP: 713448GH5<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109521.20    | 0.00%             | 2030-07-23      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                                                   | International Business Machines Corp                                             | CUSIP: 459200KH3<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    120000 | PA      | $114665.68    | 0.00%             | 2027-05-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| ALUMINA PTY LTD                                                            | Alumina Pty Ltd                                                                  | CUSIP: 02220AAA5<br>LEI: 2138002VD9MW2WT8HR38 | Long             | DBT              | CORP              | AU        |    150000 | PA      | $151734.88    | 0.00%             | 2030-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ONTARIO (PROVINCE OF)                                                      | Province of Ontario Canada                                                       | CUSIP: 683234AQ1<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |    510000 | PA      | $483402.79    | 0.01%             | 2027-05-21      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP                                                               | Chevron Corp                                                                     | CUSIP: 166764BX7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    610000 | PA      | $588259.40    | 0.01%             | 2027-05-11      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                                           | NTT Finance Corp                                                                 | CUSIP: 62954WAQ8<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $200447.44    | 0.00%             | 2028-07-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                            | CVS Health Corp                                                                  | CUSIP: 126650DJ6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    455000 | PA      | $436399.22    | 0.01%             | 2030-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WINTRUST FINANCIAL CORP                                                    | Wintrust Financial Corp                                                          | CUSIP: 97650WAG3<br>LEI: Q774KI4AW80FHFW33O61 | Long             | DBT              | CORP              | US        |     55000 | PA      | $53956.73     | 0.00%             | 2029-06-06      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ECOLAB INC                                                                 | Ecolab Inc                                                                       | CUSIP: 278865BP4<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |    355000 | PA      | $363884.44    | 0.01%             | 2028-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                                                     | Marriott International Inc/MD                                                    | CUSIP: 571903BJ1<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    330000 | PA      | $334099.53    | 0.01%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN                                                   | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $151371.95    | 0.00%             | 2030-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                         | Roche Holdings Inc                                                               | CUSIP: 771196BW1<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |    630000 | PA      | $585012.18    | 0.01%             | 2028-12-13      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                                                   | Jones Deslauriers Insurance Management Inc                                       | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    210000 | PA      | $221596.37    | 0.01%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                                                   | Jefferies Finance LLC / JFIN Co-Issuer Corp                                      | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    335000 | PA      | $323128.30    | 0.01%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                     | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607PVQ4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    265000 | PA      | $270444.04    | 0.01%             | 2031-01-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                                         | Union Pacific Corp                                                               | CUSIP: 907818FJ2<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |     70000 | PA      | $67813.83     | 0.00%             | 2027-02-05      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                                       | Saudi Government International Bonds                                             | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    800000 | PA      | $800298.96    | 0.02%             | 2030-04-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                                            | McDonald's Corp                                                                  | CUSIP: 58013MFZ2<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100605.89    | 0.00%             | 2030-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| RAILWORKS HOLDINGS LP/R                                                    | Railworks Holdings LP / Railworks Rally Inc                                      | CUSIP: 75079MAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $102287.18    | 0.00%             | 2028-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3133L8UY9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1159150 | PA      | $1056986.66   | 0.02%             | 2037-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                             | Home Depot Inc/The                                                               | CUSIP: 437076CH3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    267000 | PA      | $246397.10    | 0.01%             | 2028-09-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XCY0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    300000 | PA      | $281870.09    | 0.01%             | 2030-06-21      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| BOYNE USA INC                                                              | Boyne USA Inc                                                                    | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $194066.06    | 0.00%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CEE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $18959375.00  | 0.43%             | 2029-03-31      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Aon Corp                                                                   | Aon Corp                                                                         | CUSIP: 037389BC6<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |    260000 | PA      | $253558.91    | 0.01%             | 2029-05-02      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| STATE OF ISRAEL                                                            | Israel Government International Bond                                             | CUSIP: 46514Y8A8<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    800000 | PA      | $816649.82    | 0.02%             | 2030-02-19      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GEO GROUP INC/THE                                                          | GEO Group Inc/The                                                                | CUSIP: 36162JAG1<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |    195000 | PA      | $206825.99    | 0.00%             | 2029-04-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| L-BANK BW FOERDERBANK                                                      | Landeskreditbank Baden-Wuerttemberg Foerderbank                                  | CUSIP: 000000000<br>LEI: 0SK1ILSPWNVBNQWU0W18 | Long             | DBT              | CORP              | DE        |     10000 | PA      | $10210.78     | 0.00%             | 2030-02-13      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| OWENS CORNING                                                              | Owens Corning                                                                    | CUSIP: 690742AN1<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86452.53     | 0.00%             | 2027-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EPR Properties                                                             | EPR Properties                                                                   | CUSIP: 26884UAE9<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              |  | US        |    175000 | PA      | $174917.79    | 0.00%             | 2028-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| STATE STREET BANK & TR                                                     | State Street Bank & Trust Co                                                     | CUSIP: 857449AC6<br>LEI: 571474TGEMMWANRLN572 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251141.13    | 0.01%             | 2026-11-25      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| ESTEE LAUDER CO INC                                                        | Estee Lauder Cos Inc/The                                                         | CUSIP: 29736RAS9<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200039.53    | 0.00%             | 2028-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                                                                | MetLife Inc                                                                      | CUSIP: 59156RBZ0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302283.47    | 0.01%             | 2030-03-23      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                        | American Express Co                                                              | CUSIP: 025816DY2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    425000 | PA      | $433649.30    | 0.01%             | 2031-01-30      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                    | Bristol-Myers Squibb Co                                                          | CUSIP: 110122DD7<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    175000 | PA      | $172417.55    | 0.00%             | 2027-11-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                                                      | Blue Owl Capital Corp                                                            | CUSIP: 69121KAE4<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    280000 | PA      | $275962.69    | 0.01%             | 2026-07-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                              | Citigroup Inc                                                                    | CUSIP: 172967NG2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    865000 | PA      | $844848.21    | 0.02%             | 2028-02-24      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MAK6<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $196582.13    | 0.00%             | 2026-10-19      | Fixed         | 3.01%                 | No            |                  2 | On Loan: No      |
| DXC TECHNOLOGY CO                                                          | DXC Technology Co                                                                | CUSIP: 23355LAM8<br>LEI: 549300DOVZ3EDJB7O259 | Long             | DBT              | CORP              | US        |    175000 | PA      | $162736.36    | 0.00%             | 2028-09-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA NA                                                         | Bank of America NA                                                               | CUSIP: 06428CAA2<br>LEI: B4TYDEB6GKMZO031MB27 | Long             | DBT              | CORP              | US        |    500000 | PA      | $505412.40    | 0.01%             | 2026-08-18      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| STANLEY BLACK & DECKER I                                                   | Stanley Black & Decker Inc                                                       | CUSIP: 854502AH4<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109276.33    | 0.00%             | 2028-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ACCESS BANK PLC                                                            | Access Bank PLC                                                                  | CUSIP: 000000000<br>LEI: 029200328C3N9YI2D660 | Long             | DBT              | CORP              | NG        |    200000 | PA      | $198935.76    | 0.00%             | 2026-09-21      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK                                                   | African Development Bank                                                         | CUSIP: 00828EFH7<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | XX        |      5000 | PA      | $4994.47      | 0.00%             | 2028-06-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                                                      | Six Flags Entertainment Corp                                                     | CUSIP: 83001AAC6<br>LEI: 549300JYTDUAA4JQ3717 | Long             | DBT              | CORP              | US        |    160000 | PA      | $159675.51    | 0.00%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                                    | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $353431.81    | 0.01%             | 2029-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 912828U24<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17600000 | PA      | $17138000.00  | 0.39%             | 2026-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN BANK & TRUS                                                   | Metropolitan Bank & Trust Co                                                     | CUSIP: 000000000<br>LEI: 549300SQYI82RVWFN715 | Long             | DBT              | CORP              | PH        |    200000 | PA      | $205221.72    | 0.00%             | 2029-03-06      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                                                   | Sumitomo Mitsui Trust Bank Ltd                                                   | CUSIP: 86563VBM0<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    170000 | PA      | $175411.09    | 0.00%             | 2028-09-14      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EWE5<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193720.18    | 0.00%             | 2029-04-18      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| WEIR GROUP INC                                                             | Weir Group Inc                                                                   | CUSIP: 94877DAA2<br>LEI: 2138009WEPEV2V98AV65 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253084.64    | 0.01%             | 2030-05-06      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD                                                   | Cheniere Corpus Christi Holdings LLC                                             | CUSIP: 16412XAJ4<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    260000 | PA      | $250065.00    | 0.01%             | 2029-11-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CHOICE HOTELS INTL INC                                                     | Choice Hotels International Inc                                                  | CUSIP: 169905AF3<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |    105000 | PA      | $99666.93     | 0.00%             | 2029-12-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc                                                       | Keurig Dr Pepper Inc                                                             | CUSIP: 26138EAX7<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122750.12    | 0.00%             | 2027-06-15      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                                     | Santander Holdings USA Inc                                                       | CUSIP: 80282KBG0<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    215000 | PA      | $224888.33    | 0.01%             | 2029-06-12      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL CAP FND                                                      | Golub Capital Private Credit Fund                                                | CUSIP: 38179RAE5<br>LEI: 254900B5KBW6OY1F9951 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49827.38     | 0.00%             | 2028-08-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                                    | Inter-American Development Bank                                                  | CUSIP: 4581X0EH7<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   3460000 | PA      | $3465527.87   | 0.08%             | 2028-01-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| ALLIANT ENERGY FINANCE                                                     | Alliant Energy Finance LLC                                                       | CUSIP: 01882YAF3<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |    155000 | PA      | $156146.68    | 0.00%             | 2027-06-06      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| COLGATE-PALMOLIVE CO                                                       | Colgate-Palmolive Co                                                             | CUSIP: 194162AN3<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | DBT              | CORP              | US        |    160000 | PA      | $156773.03    | 0.00%             | 2027-08-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                                                             | Merck & Co Inc                                                                   | CUSIP: 58933YAZ8<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    355000 | PA      | $309289.00    | 0.01%             | 2030-06-24      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                   | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MAE5<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    235000 | PA      | $231137.65    | 0.01%             | 2028-01-23      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES STEEL CORP                                                   | United States Steel Corp                                                         | CUSIP: 912909AU2<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151271.88    | 0.00%             | 2029-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                                          | Lithia Motors Inc                                                                | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    230000 | PA      | $217373.75    | 0.00%             | 2029-06-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SEPLAT ENERGY PLC                                                          | SEPLAT Energy PLC                                                                | CUSIP: 000000000<br>LEI: 029200711C4S4CB2E982 | Long             | DBT              | CORP              | NG        |    200000 | PA      | $205688.43    | 0.00%             | 2030-03-21      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                                                   | TK Elevator US Newco Inc                                                         | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |    475000 | PA      | $473252.74    | 0.01%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                                                            | Sands China Ltd                                                                  | CUSIP: 80007RAQ8<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $185023.65    | 0.00%             | 2029-03-08      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Vulcan Materials Co                                                        | Vulcan Materials Co                                                              | CUSIP: 929160AT6<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84282.55     | 0.00%             | 2027-04-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                                                     | Protective Life Global Funding                                                   | CUSIP: 74368CBY9<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153712.73    | 0.00%             | 2029-06-12      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                                           | Hewlett Packard Enterprise Co                                                    | CUSIP: 42824CBP3<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    215000 | PA      | $220240.88    | 0.00%             | 2028-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Atmos Energy Corp                                                          | Atmos Energy Corp                                                                | CUSIP: 049560AN5<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |    185000 | PA      | $180872.40    | 0.00%             | 2027-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CCBL CAYMAN 1 CORP                                                         | CCBL Cayman 1 Corp Ltd                                                           | CUSIP: 000000000<br>LEI: 549300PPQILFPZT13E12 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $194782.42    | 0.00%             | 2026-07-22      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                                           | Cinemark USA Inc                                                                 | CUSIP: 172441BF3<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |    255000 | PA      | $253315.94    | 0.01%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SNB SUKUK LTD                                                              | SNB Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 549300NDOY781U1WVO54 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $202543.78    | 0.00%             | 2029-02-27      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                                     | BP Capital Markets America Inc                                                   | CUSIP: 10373QCB4<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    205000 | PA      | $208689.19    | 0.00%             | 2029-11-25      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78017DAK4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    375000 | PA      | $375243.56    | 0.01%             | 2029-08-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                         | Meta Platforms Inc                                                               | CUSIP: 30303M8L9<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    430000 | PA      | $435580.42    | 0.01%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| PROCTER & GAMBLE CO/THE                                                    | Procter & Gamble Co/The                                                          | CUSIP: 742718GF0<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    205000 | PA      | $206632.40    | 0.00%             | 2029-01-29      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                                                   | Sumitomo Mitsui Trust Bank Ltd                                                   | CUSIP: 86563VBA6<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    195000 | PA      | $189966.23    | 0.00%             | 2027-03-10      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                                      | Brazil Government International Bonds                                            | CUSIP: 105756CA6<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    600000 | PA      | $587318.21    | 0.01%             | 2029-05-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 3128MFF29<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     35246 | PA      | $34489.85     | 0.00%             | 2032-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CAPSTONE BORROWER INC                                                      | Capstone Borrower Inc                                                            | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |    230000 | PA      | $239375.82    | 0.01%             | 2030-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PACCAR FINANCIAL CORP                                                      | PACCAR Financial Corp                                                            | CUSIP: 69371RT48<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84206.51     | 0.00%             | 2029-09-26      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                                                         | F&G Global Funding                                                               | CUSIP: 30321L2D3<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192050.53    | 0.00%             | 2027-04-11      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                                                   | TerraForm Power Operating LLC                                                    | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    200000 | PA      | $191828.30    | 0.00%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                                    | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAF2<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    215000 | PA      | $221342.48    | 0.00%             | 2028-09-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| AMER AIRLN 15-1 A PTT                                                      | American Airlines 2015-1 Class A Pass Through Trust                              | CUSIP: 023770AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    182325 | PA      | $177173.02    | 0.00%             | 2027-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                                                | Exelon Corp                                                                      | CUSIP: 30161NBM2<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    215000 | PA      | $219925.14    | 0.00%             | 2029-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS                                                   | Hughes Satellite Systems Corp                                                    | CUSIP: 444454AF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $163328.38    | 0.00%             | 2026-08-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| BANCO INBURSA                                                              | Banco Inbursa SA Institucion De Banca Multiple Grupo Financiero Inbursa          | CUSIP: 000000000<br>LEI: 9598007PWYZP4GP23S45 | Long             | DBT              | CORP              | MX        |    150000 | PA      | $148943.39    | 0.00%             | 2027-04-11      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                                     | WESCO Distribution Inc                                                           | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    400000 | PA      | $405566.89    | 0.01%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Assurant Inc                                                               | Assurant Inc                                                                     | CUSIP: 04621XAK4<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5102.28      | 0.00%             | 2048-03-27      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CORP ANDINA DE FOMENTO                                                     | Corp Andina de Fomento                                                           | CUSIP: 219868CJ3<br>LEI: UKZ46SXGNYCZK0UOZE76 | Long             | DBT              | NUSS              | XX        |    755000 | PA      | $771958.32    | 0.02%             | 2029-01-24      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Equinor ASA                                                                | Equinor ASA                                                                      | CUSIP: 24820RAG3<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |    215000 | PA      | $229571.10    | 0.01%             | 2028-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                                                     | Penn Entertainment Inc                                                           | CUSIP: 707569AS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $134333.45    | 0.00%             | 2027-01-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| HASBRO INC                                                                 | Hasbro Inc                                                                       | CUSIP: 418056AY3<br>LEI: 549300NUB6D2R1ITYR45 | Long             | DBT              | CORP              | US        |    190000 | PA      | $187418.78    | 0.00%             | 2026-11-19      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| EDWARDS LIFESCIENCES COR                                                   | Edwards Lifesciences Corp                                                        | CUSIP: 28176EAD0<br>LEI: YA13X31F3V31L8TMPR58 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249434.43    | 0.01%             | 2028-06-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| NOV INC                                                                    | NOV Inc                                                                          | CUSIP: 637071AM3<br>LEI: 549300EHF3IW1AR6U008 | Long             | DBT              | CORP              | US        |    155000 | PA      | $148549.52    | 0.00%             | 2029-12-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: —       |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CMG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  32072000 | PA      | $32475405.79  | 0.73%             | 2030-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                     | American Honda Finance Corp                                                      | CUSIP: 02665WEB3<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185589.92    | 0.00%             | 2029-01-12      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                        | Elevance Health Inc                                                              | CUSIP: 036752AN3<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    300000 | PA      | $269929.97    | 0.01%             | 2030-05-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78016EZZ3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    315000 | PA      | $303851.40    | 0.01%             | 2026-11-02      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                                              | PRA Group Inc                                                                    | CUSIP: 69354NAE6<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    126000 | PA      | $128948.66    | 0.00%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CHE4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4159000 | PA      | $4129432.13   | 0.09%             | 2028-05-31      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| PROGRESSIVE CORP                                                           | Progressive Corp/The                                                             | CUSIP: 743315AR4<br>LEI: 529900TACNVLY9DCR586 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34085.90     | 0.00%             | 2027-01-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC                                                       | Howmet Aerospace Inc                                                             | CUSIP: 013817AJ0<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255036.09    | 0.01%             | 2027-02-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 3128MMS20<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |    150446 | PA      | $145665.78    | 0.00%             | 2030-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MOHAWK INDUSTRIES INC                                                      | Mohawk Industries Inc                                                            | CUSIP: 608190AM6<br>LEI: 549300JI1115MG3Q6322 | Long             | DBT              | CORP              | US        |    220000 | PA      | $228174.35    | 0.01%             | 2028-09-18      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                                                   | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    625000 | PA      | $591264.42    | 0.01%             | 2028-04-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ARIS WATER HOLDINGS LLC                                                    | Aris Water Holdings LLC                                                          | CUSIP: 04041NAA0<br>LEI: 5493007AWQW8ZKCHVV46 | Long             | DBT              | CORP              | US        |    155000 | PA      | $159056.94    | 0.00%             | 2030-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CMA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9270000 | PA      | $9340249.27   | 0.21%             | 2029-11-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                               | Novelis Corp                                                                     | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    225000 | PA      | $231688.44    | 0.01%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                                                     | Protective Life Global Funding                                                   | CUSIP: 74368CBP8<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |    235000 | PA      | $236066.22    | 0.01%             | 2027-07-06      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                                                   | Fortescue Treasury Pty Ltd                                                       | CUSIP: 30251GBA4<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    225000 | PA      | $220892.68    | 0.00%             | 2027-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                                               | QUALCOMM Inc                                                                     | CUSIP: 747525BU6<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150728.34    | 0.00%             | 2030-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RXO INC                                                                    | RXO Inc                                                                          | CUSIP: 98379JAA3<br>LEI: 549300KL8CA6GP8XPM30 | Long             | DBT              | CORP              | US        |    115000 | PA      | $117372.06    | 0.00%             | 2027-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                    | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GWZ3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1106969.97   | 0.02%             | 2029-05-01      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 31418CXA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    132288 | PA      | $130601.03    | 0.00%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                                   | LABL Inc                                                                         | CUSIP: 50168QAD7<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    140000 | PA      | $110889.27    | 0.00%             | 2029-11-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| NEW YORK LIFE GLOBAL FDG                                                   | New York Life Global Funding                                                     | CUSIP: 64952WCX9<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    325000 | PA      | $315417.39    | 0.01%             | 2028-01-10      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                       | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AH4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    175000 | PA      | $175192.13    | 0.00%             | 2027-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Leggett & Platt Inc                                                        | Leggett & Platt Inc                                                              | CUSIP: 524660AY3<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193623.50    | 0.00%             | 2027-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LOEWS CORP                                                                 | Loews Corp                                                                       | CUSIP: 540424AT5<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | DBT              | CORP              | US        |    150000 | PA      | $141676.45    | 0.00%             | 2030-05-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                                                         | Macquarie Bank Ltd                                                               | CUSIP: 55608PBX1<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $200064.07    | 0.00%             | 2028-06-12      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                                      | Guatemala Government Bond                                                        | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    200000 | PA      | $196417.69    | 0.00%             | 2030-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CK HUTCHISON INTL 23                                                       | CK Hutchison International 23 Ltd                                                | CUSIP: 12570FAA9<br>LEI: 2549003AJI1YI8883K46 | Long             | DBT              | CORP              | KY        |    455000 | PA      | $457057.72    | 0.01%             | 2028-04-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SAUDI ELECTRICITY SUKUK                                                    | Saudi Electricity Sukuk Programme Co                                             | CUSIP: 000000000<br>LEI: 549300KZ4IZK3RMUO096 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $406963.26    | 0.01%             | 2030-02-18      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-3 AA PTT                                                   | American Airlines 2016-3 Class AA Pass Through Trust                             | CUSIP: 023771R91<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     39487 | PA      | $37414.14     | 0.00%             | 2028-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL AUTO HO/AAG FH UK                                                   | Global Auto Holdings Ltd/AAG FH UK Ltd                                           | CUSIP: 00033GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    160000 | PA      | $149008.26    | 0.00%             | 2029-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                                   | Marsh & McLennan Cos Inc                                                         | CUSIP: 571748BY7<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    260000 | PA      | $261540.26    | 0.01%             | 2027-11-08      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                                                          | International Finance Corp                                                       | CUSIP: 45950KDD9<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |    845000 | PA      | $858330.40    | 0.02%             | 2028-07-13      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                             | Morgan Stanley                                                                   | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    920000 | PA      | $921455.25    | 0.02%             | 2030-10-18      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| CMB INTERNATIONAL LEASIN                                                   | CMB International Leasing Management Ltd                                         | CUSIP: 000000000<br>LEI: 5493003RO1EBM4E5IG13 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $193714.11    | 0.00%             | 2026-09-16      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| PROVINCE OF SASKATCHEWAN                                                   | Province of Saskatchewan Canada                                                  | CUSIP: 803854KW7<br>LEI: 549300FKDIB7OJMBSP83 | Long             | DBT              | NUSS              | CA        |    280000 | PA      | $286122.11    | 0.01%             | 2030-01-28      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| HALLIBURTON CO                                                             | Halliburton Co                                                                   | CUSIP: 406216BL4<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |    250000 | PA      | $232436.56    | 0.01%             | 2030-03-01      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| ASB BANK LIMITED                                                           | ASB Bank Ltd                                                                     | CUSIP: 00216LAF0<br>LEI: 549300IBZWZL1KTPF918 | Long             | DBT              | CORP              | NZ        |    215000 | PA      | $219584.04    | 0.00%             | 2027-11-29      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP                                                               | Chevron Corp                                                                     | CUSIP: 166764BY5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $409361.21    | 0.01%             | 2030-05-11      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| Dollar Tree Inc                                                            | Dollar Tree Inc                                                                  | CUSIP: 256746AH1<br>LEI: 549300PMSTQITB1WHR43 | Long             | DBT              | CORP              | US        |    422000 | PA      | $417980.63    | 0.01%             | 2028-05-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| NESTLE HOLDINGS INC                                                        | Nestle Holdings Inc                                                              | CUSIP: 641062BL7<br>LEI: 549300EAEU8YV8MQXP30 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153341.30    | 0.00%             | 2028-09-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                                                   | Prime Security Services Borrower LLC / Prime Finance Inc                         | CUSIP: 74166MAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $318536.45    | 0.01%             | 2027-08-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 31418DZ39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    180958 | PA      | $168628.52    | 0.00%             | 2036-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| KFH SUKUK CO                                                               | KFH Sukuk Co                                                                     | CUSIP: 000000000<br>LEI: 5493008FLJYWGCMZDN21 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $201750.03    | 0.00%             | 2029-01-17      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO                                                   | Virginia Electric and Power Co                                                   | CUSIP: 927804GH1<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    350000 | PA      | $346459.58    | 0.01%             | 2027-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NBN CO LTD                                                                 | NBN Co Ltd                                                                       | CUSIP: 62878U2F8<br>LEI: 2549007CRZ2NT7S96A24 | Long             | DBT              | CORP              | AU        |    475000 | PA      | $493276.65    | 0.01%             | 2028-10-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc                                                       | Keurig Dr Pepper Inc                                                             | CUSIP: 26138EAU3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    170000 | PA      | $166476.69    | 0.00%             | 2026-09-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| PACCAR FINANCIAL CORP                                                      | PACCAR Financial Corp                                                            | CUSIP: 69371RR65<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |    180000 | PA      | $174069.76    | 0.00%             | 2027-02-04      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| EMBECTA CORP                                                               | Embecta Corp                                                                     | CUSIP: 29082KAA3<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |    150000 | PA      | $136033.21    | 0.00%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132CWG32<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    359237 | PA      | $345269.12    | 0.01%             | 2033-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 912828YX2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9684375.00   | 0.22%             | 2026-12-31      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| JM SMUCKER CO                                                              | J M Smucker Co/The                                                               | CUSIP: 832696AS7<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |    100000 | PA      | $90944.40     | 0.00%             | 2030-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                    | Bristol-Myers Squibb Co                                                          | CUSIP: 110122DE5<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    510000 | PA      | $506047.22    | 0.01%             | 2028-02-20      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| KOREA DEVELOPMENT BANK                                                     | Korea Development Bank/The                                                       | CUSIP: 500630EG9<br>LEI: 549300ML2LNRZUCS7149 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $201564.09    | 0.00%             | 2028-02-03      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                                                     | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    150000 | PA      | $158649.98    | 0.00%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                      | Toronto-Dominion Bank/The                                                        | CUSIP: 89115A2U5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    315000 | PA      | $324747.16    | 0.01%             | 2028-07-17      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                                       | WR Grace Holdings LLC                                                            | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    350000 | PA      | $323025.17    | 0.01%             | 2029-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| THERMO FISHER SCIENTIFIC                                                   | Thermo Fisher Scientific Inc                                                     | CUSIP: 883556CV2<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    195000 | PA      | $195999.30    | 0.00%             | 2026-08-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| KOREA HYDRO & NUCLEAR PO                                                   | Korea Hydro & Nuclear Power Co Ltd                                               | CUSIP: 000000000<br>LEI: 9884008CRY5MLCN8OQ43 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $200690.48    | 0.00%             | 2029-07-29      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                                     | Asian Development Bank                                                           | CUSIP: 045167ER0<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    605000 | PA      | $553319.30    | 0.01%             | 2030-01-24      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| CASCADES INC/USA INC                                                       | Cascades Inc/Cascades USA Inc                                                    | CUSIP: 14739LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    145000 | PA      | $141774.58    | 0.00%             | 2028-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                                        | Muthoot Finance Ltd                                                              | CUSIP: 62828M2C4<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $204751.75    | 0.00%             | 2028-02-14      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CNOOC FINANCE 2013 LTD                                                     | CNOOC Finance 2013 Ltd                                                           | CUSIP: 12625GAF1<br>LEI: 5493006KAH3PSSMCES09 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $189898.17    | 0.00%             | 2029-09-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                                                     | Mondelez International Inc                                                       | CUSIP: 609207BC8<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |    160000 | PA      | $162174.18    | 0.00%             | 2029-02-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LYB INTERNATIONAL FINANC                                                   | LYB International Finance II BV                                                  | CUSIP: 50247WAB3<br>LEI: 549300ZSNDBYN4Z4VZ93 | Long             | DBT              | CORP              | NL        |    235000 | PA      | $230868.75    | 0.01%             | 2027-03-02      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                             | Morgan Stanley                                                                   | CUSIP: 61747YEC5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    865000 | PA      | $839450.14    | 0.02%             | 2027-07-20      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| CITIC                                                                      | CITIC Ltd                                                                        | CUSIP: 000000000<br>LEI: 2549006I3Q3M98KHOT11 | Long             | DBT              | CORP              | HK        |    400000 | PA      | $395875.81    | 0.01%             | 2027-02-28      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                        | American Express Co                                                              | CUSIP: 025816DU0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    395000 | PA      | $409568.45    | 0.01%             | 2030-04-25      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| AEP TEXAS INC                                                              | AEP Texas Inc                                                                    | CUSIP: 00108WAS9<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |    205000 | PA      | $211133.60    | 0.00%             | 2029-05-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CBZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6684000 | PA      | $6228130.35   | 0.14%             | 2028-04-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR9                                                            | BANK5 2024-5YR9                                                                  | CUSIP: 06644VBG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1545434.22   | 0.03%             | 2057-08-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    460000 | PA      | $464107.97    | 0.01%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CHEVRON PHILLIPS CHEM CO                                                   | Chevron Phillips Chemical Co LLC / Chevron Phillips Chemical Co LP               | CUSIP: 166754AP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    314000 | PA      | $309763.80    | 0.01%             | 2026-12-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Kennametal Inc                                                             | Kennametal Inc                                                                   | CUSIP: 489170AE0<br>LEI: 549300GZDSG25XUV0Y08 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69991.61     | 0.00%             | 2028-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                                          | Brown & Brown Inc                                                                | CUSIP: 115236AJ0<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150402.62    | 0.00%             | 2028-06-23      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                             | Sabre GLBL Inc                                                                   | CUSIP: 78573NAM4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    400000 | PA      | $422287.25    | 0.01%             | 2030-07-15      | Fixed         | 11.13%                | No            |                  2 | On Loan: No      |
| SCENTRE GROUP TRUST 1/2                                                    | Scentre Group Trust 1 / Scentre Group Trust 2                                    | CUSIP: 80622GAC8<br>LEI: N/A                  | Long             | DBT              |  | AU        |    250000 | PA      | $246572.26    | 0.01%             | 2027-03-23      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                                                      | Duke Energy Carolinas LLC                                                        | CUSIP: 26442CAS3<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    140000 | PA      | $137602.49    | 0.00%             | 2026-12-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ARAB ENERGY FUND                                                           | Arab Energy Fund /The                                                            | CUSIP: 03845EAD4<br>LEI: 213800A54KIUYH5YD185 | Long             | DBT              | NUSS              | XX        |    400000 | PA      | $412104.28    | 0.01%             | 2029-05-02      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| SUNNY EXPRESS                                                              | Sunny Express Enterprises Corp                                                   | CUSIP: 000000000<br>LEI: 254900RHBSC69QS5NZ68 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $195650.48    | 0.00%             | 2027-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                              | TransDigm Inc                                                                    | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    750000 | PA      | $767728.51    | 0.02%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DUBAI DOF SUKUK LTD                                                        | Dubai DOF Sukuk Ltd                                                              | CUSIP: 000000000<br>LEI: 549300FL2U4Z16IJI576 | Long             | DBT              | NUSS              | KY        |    400000 | PA      | $410071.24    | 0.01%             | 2029-04-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                        | Fifth Third Bancorp                                                              | CUSIP: 316773DG2<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    315000 | PA      | $316183.13    | 0.01%             | 2030-07-28      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| AIRPORT AUTHORITY HK                                                       | Airport Authority                                                                | CUSIP: 00946AAH7<br>LEI: 254900748HGC4RBR4O84 | Long             | DBT              | NUSS              | HK        |    200000 | PA      | $205031.43    | 0.00%             | 2030-01-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD                                                    | Global Aircraft Leasing Co Ltd                                                   | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    340000 | PA      | $350402.97    | 0.01%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                                    | National Bank of Canada                                                          | CUSIP: 63307A2X2<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |    260000 | PA      | $268332.27    | 0.01%             | 2028-12-18      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                                                      | American Homes 4 Rent LP                                                         | CUSIP: 02666TAK3<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |    205000 | PA      | $206343.82    | 0.00%             | 2030-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AIB GROUP PLC                                                              | AIB Group PLC                                                                    | CUSIP: 00135TAD6<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $210951.76    | 0.00%             | 2029-09-13      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| EMIRATES NBD BANK PJSC                                                     | Emirates NBD Bank PJSC                                                           | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $193878.79    | 0.00%             | 2027-02-27      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya Government International Bonds                           | Republic of Kenya Government International Bonds                                 | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    400000 | PA      | $395309.85    | 0.01%             | 2028-02-28      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corp                                                        | Kimberly-Clark Corp                                                              | CUSIP: 494368BZ5<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | DBT              | CORP              | US        |    250000 | PA      | $241542.79    | 0.01%             | 2029-04-25      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC                                                        | DENTSPLY SIRONA Inc                                                              | CUSIP: 24906PAA7<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |    200000 | PA      | $181757.12    | 0.00%             | 2030-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| EQUIFAX INC                                                                | Equifax Inc                                                                      | CUSIP: 294429AX3<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |    115000 | PA      | $115743.88    | 0.00%             | 2029-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BANK OF PHILIPPINE ISLAN                                                   | Bank of the Philippine Islands                                                   | CUSIP: 000000000<br>LEI: 549300UW4UH6XT2X8C50 | Long             | DBT              | CORP              | PH        |    200000 | PA      | $204829.31    | 0.00%             | 2029-03-26      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                        | Synchrony Financial                                                              | CUSIP: 87165BAM5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    165000 | PA      | $161868.11    | 0.00%             | 2027-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                                    | Inter-American Development Bank                                                  | CUSIP: 4581X0EN4<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |   1600000 | PA      | $1608914.78   | 0.04%             | 2029-02-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                          | State Street Corp                                                                | CUSIP: 857477CL5<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    305000 | PA      | $308464.59    | 0.01%             | 2027-03-18      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| LAM RESEARCH CORP                                                          | Lam Research Corp                                                                | CUSIP: 512807AV0<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4449.19      | 0.00%             | 2030-06-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINANCE                                                    | Sumitomo Mitsui Finance & Leasing Co Ltd                                         | CUSIP: 000000000<br>LEI: 5493004ZIDB3D67KKA03 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $203269.78    | 0.00%             | 2030-05-01      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| MOODY'S CORPORATION                                                        | Moody's Corp                                                                     | CUSIP: 615369AM7<br>LEI: 549300GCEDD8YCF5WU84 | Long             | DBT              | CORP              | US        |    180000 | PA      | $175822.25    | 0.00%             | 2028-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140XFE56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1177667 | PA      | $1071608.43   | 0.02%             | 2036-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CNM9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1098000 | PA      | $1097742.66   | 0.02%             | 2028-07-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KIA CORP                                                                   | Kia Corp                                                                         | CUSIP: 000000000<br>LEI: 988400V8MJK9N7OI5X76 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $194355.11    | 0.00%             | 2027-02-14      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                             | Morgan Stanley                                                                   | CUSIP: 61746BEF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    925000 | PA      | $915963.68    | 0.02%             | 2027-01-20      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| BOLIVIA GOVERNMENT                                                         | Bolivian Government International Bond                                           | CUSIP: 000000000<br>LEI: 529900TGIRPY3SZXEB56 | Long             | DBT              | NUSS              | BO        |    200000 | PA      | $151920.92    | 0.00%             | 2030-03-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                                                    | Nationwide Building Society                                                      | CUSIP: 63861VAJ6<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    405000 | PA      | $413609.04    | 0.01%             | 2027-10-18      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| Duke Energy Florida LLC                                                    | Duke Energy Florida LLC                                                          | CUSIP: 26444HAE1<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |    170000 | PA      | $168170.51    | 0.00%             | 2028-07-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| RONGSHI INTERNATIONAL FI                                                   | Rongshi International Finance Ltd                                                | CUSIP: 000000000<br>LEI: 5493002NOQBAWLD8YZ55 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $195175.16    | 0.00%             | 2029-05-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Smithfield Foods Inc                                                       | Smithfield Foods Inc                                                             | CUSIP: 832248AZ1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    222000 | PA      | $219361.09    | 0.00%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MONGOLIA INTL BOND                                                         | Mongolia Government International Bond                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | MN        |    200000 | PA      | $199442.49    | 0.00%             | 2030-02-25      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CDF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9239062.50   | 0.21%             | 2028-10-31      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| KT CORP                                                                    | KT Corp                                                                          | CUSIP: 000000000<br>LEI: 9884005ACF8449EANY26 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $197886.14    | 0.00%             | 2028-02-02      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    780000 | PA      | $793769.82    | 0.02%             | 2028-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Asian Development Bank                                                     | Asian Development Bank                                                           | CUSIP: 045167DU4<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    150000 | PA      | $146946.01    | 0.00%             | 2027-01-12      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                       | M&T Bank Corp                                                                    | CUSIP: 55261FAY0<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116276.72    | 0.00%             | 2031-07-08      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION EN GEN LLC                                                   | Constellation Energy Generation LLC                                              | CUSIP: 210385AB6<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    255000 | PA      | $262648.42    | 0.01%             | 2028-03-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| WORKDAY INC                                                                | Workday Inc                                                                      | CUSIP: 98138HAG6<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |    350000 | PA      | $344464.51    | 0.01%             | 2027-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OEKB OEST. KONTROLLBANK                                                    | Oesterreichische Kontrollbank AG                                                 | CUSIP: 676167CM9<br>LEI: 5299000OVRLMF858L016 | Long             | DBT              | CORP              | AT        |    670000 | PA      | $677499.66    | 0.02%             | 2027-05-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S/BIDFAIR HLD                                                      | Sotheby's/Bidfair Holdings Inc                                                   | CUSIP: 83600GAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $81541.41     | 0.00%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DUKHAN TIER 1 SUKUK                                                        | Dukhan Tier 1 Sukuk Ltd                                                          | CUSIP: 000000000<br>LEI: 549300OZUVI5LYGOQM18 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $195391.12    | 0.00%             | 2026-07-14      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                   | Vistra Operations Co LLC                                                         | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    352000 | PA      | $347114.03    | 0.01%             | 2027-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ACA3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    280000 | PA      | $258724.32    | 0.01%             | 2028-09-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                                                     | Morgan Stanley Bank NA                                                           | CUSIP: 61690DK72<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    700000 | PA      | $708637.47    | 0.02%             | 2029-01-12      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                             | Morgan Stanley                                                                   | CUSIP: 61747YFK6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    715000 | PA      | $729481.75    | 0.02%             | 2030-01-16      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| MUMTALAKAT SUKUK HOLDING                                                   | Mumtalakat Sukuk Holding Co                                                      | CUSIP: 000000000<br>LEI: 549300EN7U0YPUUKDX15 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $194122.07    | 0.00%             | 2027-01-21      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| TRINET GROUP INC                                                           | TriNet Group Inc                                                                 | CUSIP: 896288AA5<br>LEI: 5299003FJVBETSFKE990 | Long             | DBT              | CORP              | US        |    150000 | PA      | $139219.24    | 0.00%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TKJ3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    405000 | PA      | $407115.65    | 0.01%             | 2027-09-20      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                    | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GA87<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    670000 | PA      | $695503.74    | 0.02%             | 2030-04-25      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                                               | ADT Security Corp/The                                                            | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    275000 | PA      | $263232.08    | 0.01%             | 2029-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                                     | Banque Federative du Credit Mutuel SA                                            | CUSIP: 06675FAY3<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    390000 | PA      | $377278.65    | 0.01%             | 2026-10-04      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                           | Bank of Montreal                                                                 | CUSIP: 06368LWU6<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    275000 | PA      | $285427.38    | 0.01%             | 2028-09-25      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| CITADEL LP                                                                 | Citadel LP                                                                       | CUSIP: 17288XAD6<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |    185000 | PA      | $190604.84    | 0.00%             | 2030-01-23      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AFFILIATED MANAGERS GROU                                                   | Affiliated Managers Group Inc                                                    | CUSIP: 008252AP3<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | DBT              | CORP              | US        |    100000 | PA      | $93701.77     | 0.00%             | 2030-06-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP                                                           | Lamar Media Corp                                                                 | CUSIP: 513075BW0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $122776.58    | 0.00%             | 2029-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                           | Altice France SA                                                                 | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    625000 | PA      | $543055.74    | 0.01%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SG Commercial Mortgage Securities Trust                                    | SG Commercial Mortgage Securities Trust 2016-C5                                  | CUSIP: 78419CAE4<br>LEI: 549300SZQW4U3UN4A157 | Long             | ABS-MBS          | CORP              | US        |     49648 | PA      | $49507.30     | 0.00%             | 2048-10-10      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                            | CVS Health Corp                                                                  | CUSIP: 126650CX6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1505000 | PA      | $1494584.78   | 0.03%             | 2028-03-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                                                     | Marriott International Inc/MD                                                    | CUSIP: 571903BB8<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45181.00     | 0.00%             | 2028-12-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| KSA Sukuk Ltd                                                              | KSA Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 635400XBJFPNCGN9CK71 | Long             | DBT              | NUSS              | KY        |    400000 | PA      | $398059.25    | 0.01%             | 2029-01-19      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                                               | CaixaBank SA                                                                     | CUSIP: 12803RAB0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    275000 | PA      | $280731.81    | 0.01%             | 2027-09-13      | Fixed         | 6.68%                 | No            |                  2 | On Loan: No      |
| ELEMENT SOLUTIONS INC                                                      | Element Solutions Inc                                                            | CUSIP: 28618MAA4<br>LEI: 549300FLGN6P5CU20J91 | Long             | DBT              | CORP              | US        |    275000 | PA      | $264883.43    | 0.01%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ABC SUPPLY CO INC                                                          | American Builders & Contractors Supply Co Inc                                    | CUSIP: 024747AG2<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94203.87     | 0.00%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                     | Venture Global LNG Inc                                                           | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    425000 | PA      | $431052.55    | 0.01%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                                                   | Citizens Financial Group Inc                                                     | CUSIP: 174610BF1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    300000 | PA      | $309728.34    | 0.01%             | 2030-01-23      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                               | Barclays PLC                                                                     | CUSIP: 06738ECX1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $404395.16    | 0.01%             | 2029-02-25      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                                                     | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAB1<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    175000 | PA      | $179144.32    | 0.00%             | 2028-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Bunge Ltd Finance Corp                                                     | Bunge Ltd Finance Corp                                                           | CUSIP: 120568AX8<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |    145000 | PA      | $143146.74    | 0.00%             | 2026-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                                           | Duke Energy Corp                                                                 | CUSIP: 26441CCC7<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    140000 | PA      | $141595.96    | 0.00%             | 2029-01-05      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL BDC                                                          | Golub Capital BDC Inc                                                            | CUSIP: 38173MAD4<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |    170000 | PA      | $178332.58    | 0.00%             | 2028-12-05      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                     | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822CY8<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $203737.36    | 0.00%             | 2029-04-19      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                                              | DTE Energy Co                                                                    | CUSIP: 233331BC0<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    145000 | PA      | $138721.15    | 0.00%             | 2029-06-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                            | OREGON ST                                                                        | CUSIP: 68607LXQ5<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    275948 | PA      | $280699.14    | 0.01%             | 2027-06-01      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| JPN BANK FOR INT'L COOP                                                    | Japan Bank for International Cooperation                                         | CUSIP: 471048CQ9<br>LEI: 549300TJ3QFYVCTSCJ29 | Long             | DBT              | NUSS              | JP        |    425000 | PA      | $396707.24    | 0.01%             | 2029-02-16      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                              | Citigroup Inc                                                                    | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    650000 | PA      | $650612.71    | 0.01%             | 2028-05-07      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| SITIOS LATINOAMERICA                                                       | Sitios Latinoamerica SAB de CV                                                   | CUSIP: 000000000<br>LEI: 984500D2C0CDC0BFDD35 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $205002.79    | 0.00%             | 2029-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                         | VICI Properties LP                                                               | CUSIP: 925650AC7<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |    300000 | PA      | $301448.64    | 0.01%             | 2030-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| JAPAN INT'L COOP AGENCY                                                    | Japan International Cooperation Agency                                           | CUSIP: 47109LAG9<br>LEI: 254900XEIG78M2AJB031 | Long             | DBT              | NUSS              | JP        |    650000 | PA      | $647186.83    | 0.01%             | 2028-05-23      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                                                         | PBF HOLDING CO LLC                                                               | CUSIP: 69318FAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $198211.31    | 0.00%             | 2030-03-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| CALUMET SPECIALTY PROD                                                     | Calumet Specialty Products Partners LP / Calumet Finance Corp                    | CUSIP: 131477AW1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $95908.39     | 0.00%             | 2028-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| PINNACLE WEST CAPITAL                                                      | Pinnacle West Capital Corp                                                       | CUSIP: 723484AM3<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |    155000 | PA      | $156411.38    | 0.00%             | 2028-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                              | Citigroup Inc                                                                    | CUSIP: 172967LW9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    705000 | PA      | $696550.95    | 0.02%             | 2029-04-23      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                  | Boeing Co/The                                                                    | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1269755.69   | 0.03%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CSN ISLANDS XI CORP                                                        | CSN Inova Ventures                                                               | CUSIP: 000000000<br>LEI: 222100R8R68DM7VM3661 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $381866.35    | 0.01%             | 2028-01-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| HOME DEPOT INC                                                             | Home Depot Inc/The                                                               | CUSIP: 437076BW1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    350000 | PA      | $347540.59    | 0.01%             | 2028-12-06      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                                    | International Bank for Reconstruction & Development                              | CUSIP: 459058KL6<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    225000 | PA      | $221959.09    | 0.01%             | 2029-09-21      | Fixed         | 3.63%                 | No            |                  2 | On Loan: —       |
| SENSATA TECHNOLOGIES BV                                                    | Sensata Technologies BV                                                          | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |    300000 | PA      | $285140.51    | 0.01%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                                                   | Plains All American Pipeline LP / PAA Finance Corp                               | CUSIP: 72650RBM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $228949.77    | 0.01%             | 2029-12-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Export-Import Bank of India                                                | Export-Import Bank of India                                                      | CUSIP: 30216KAA0<br>LEI: 335800OFZ8YEIVN1QI11 | Long             | DBT              | NUSS              | IN        |    400000 | PA      | $394712.94    | 0.01%             | 2026-08-05      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| KROGER CO                                                                  | Kroger Co/The                                                                    | CUSIP: 501044DL2<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    240000 | PA      | $241283.47    | 0.01%             | 2029-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                                                           | LG Energy Solution Ltd                                                           | CUSIP: 000000000<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $202760.53    | 0.00%             | 2030-04-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                                   | Standard Industries Inc/NY                                                       | CUSIP: 853496AC1<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    270000 | PA      | $269998.26    | 0.01%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRANE TECH GLOB HOLD                                                       | Trane Technologies Global Holding Co Ltd                                         | CUSIP: 45687AAP7<br>LEI: 549300UCF0D858BIOV83 | Long             | DBT              | CORP              | US        |    180000 | PA      | $177335.34    | 0.00%             | 2028-08-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                           | Societe Generale SA                                                              | CUSIP: 83368RAM4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    535000 | PA      | $536598.30    | 0.01%             | 2028-09-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                                                    | Shell International Finance BV                                                   | CUSIP: 822582CG5<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |    150000 | PA      | $139939.95    | 0.00%             | 2030-04-06      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL BDC                                                          | Golub Capital BDC Inc                                                            | CUSIP: 38173MAB8<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |    240000 | PA      | $233752.76    | 0.01%             | 2026-08-24      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MASTEC INC                                                                 | MasTec Inc                                                                       | CUSIP: 576323AT6<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |    235000 | PA      | $243486.59    | 0.01%             | 2029-06-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                                      | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    220000 | PA      | $232147.98    | 0.01%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                               | Barclays PLC                                                                     | CUSIP: 06738ECD5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    480000 | PA      | $507556.61    | 0.01%             | 2028-11-02      | Fixed         | 7.39%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140XDLB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2023629 | PA      | $1843602.99   | 0.04%             | 2036-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                               | Centene Corp                                                                     | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    700000 | PA      | $638670.56    | 0.01%             | 2028-07-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| NORDSON CORP                                                               | Nordson Corp                                                                     | CUSIP: 655663AC6<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149228.60    | 0.00%             | 2029-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                | Prologis LP                                                                      | CUSIP: 74340XBM2<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |    300000 | PA      | $272043.99    | 0.01%             | 2030-04-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Equinor ASA                                                                | Equinor ASA                                                                      | CUSIP: 656531AM2<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |    200000 | PA      | $211605.32    | 0.00%             | 2027-09-23      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO G & E                                                            | San Diego Gas & Electric Co                                                      | CUSIP: 797440CE2<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |    160000 | PA      | $162843.51    | 0.00%             | 2028-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| EMERGENT BIOSOLUTIONS                                                      | Emergent BioSolutions Inc                                                        | CUSIP: 29089QAC9<br>LEI: 549300YW6TUOX8BE5103 | Long             | DBT              | CORP              | US        |    130000 | PA      | $100354.27    | 0.00%             | 2028-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                        | Southern California Edison Co                                                    | CUSIP: 842400JC8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    195000 | PA      | $196865.57    | 0.00%             | 2029-06-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| MATTHEWS INTERNATIONAL C                                                   | Matthews International Corp                                                      | CUSIP: 577128AC5<br>LEI: 549300ZVC5O0ATML6U61 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104095.86    | 0.00%             | 2027-10-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| EMPRESA NACIONAL DE TELE                                                   | Empresa Nacional de Telecomunicaciones SA                                        | CUSIP: 000000000<br>LEI: 529900N4SUIP0URJT330 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $199835.70    | 0.00%             | 2026-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                   | Mars Inc                                                                         | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1010000 | PA      | $1015592.14   | 0.02%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CHALCO HK INVESTMENT                                                       | Chalco Hong Kong Investment Co Ltd                                               | CUSIP: 000000000<br>LEI: 549300F6W7ZYN8BF2K08 | Long             | DBT              | CORP              | VG        |    300000 | PA      | $292796.06    | 0.01%             | 2026-07-28      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Lazard Group LLC                                                           | Lazard Group LLC                                                                 | CUSIP: 52107QAK1<br>LEI: FI94J2CJ1D7BIGVMS874 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128656.30    | 0.00%             | 2029-03-11      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                           | Deutsche Bank AG/New York NY                                                     | CUSIP: 25160PAQ0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    300000 | PA      | $304888.87    | 0.01%             | 2029-01-10      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                       | OneMain Finance Corp                                                             | CUSIP: 682691AC4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    180000 | PA      | $171676.04    | 0.00%             | 2028-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TLD5<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202695.36    | 0.00%             | 2026-11-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                                   | New York Life Global Funding                                                     | CUSIP: 64952WEQ2<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    395000 | PA      | $388708.80    | 0.01%             | 2027-04-07      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| RELIANCE STAND LIFE II                                                     | Reliance Standard Life Global Funding II                                         | CUSIP: 75951AAQ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $250599.31    | 0.01%             | 2026-09-28      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                                           | NTT Finance Corp                                                                 | CUSIP: 62954WAK1<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    210000 | PA      | $209453.79    | 0.00%             | 2027-07-27      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                                        | Nomura Holdings Inc                                                              | CUSIP: 65535HBF5<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $202697.32    | 0.00%             | 2027-07-06      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| ECOLAB INC                                                                 | Ecolab Inc                                                                       | CUSIP: 278865BQ2<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30053.59     | 0.00%             | 2028-06-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                                   | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    250000 | PA      | $244384.90    | 0.01%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397B93<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    250000 | PA      | $227413.10    | 0.01%             | 2029-02-10      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                   | Caterpillar Financial Services Corp                                              | CUSIP: 14913UAE0<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    215000 | PA      | $215755.55    | 0.00%             | 2027-01-08      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                                                       | Freeport-McMoRan Inc                                                             | CUSIP: 35671DCE3<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    245000 | PA      | $241257.48    | 0.01%             | 2028-03-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                           | Deutsche Bank AG/New York NY                                                     | CUSIP: 251526CS6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    470000 | PA      | $492217.90    | 0.01%             | 2029-01-18      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                                                    | Reliance Industries Ltd                                                          | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | DBT              | CORP              | IN        |    250000 | PA      | $244789.74    | 0.01%             | 2027-11-30      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| Clover Holdings SPV III LLC                                                | Clover Holdings SPV III LLC 2024 USD Term Loan                                   | CUSIP: 000000000<br>LEI: 549300RFUWCPWS8FQ104 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2027-12-09      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                                          | General Motors Co                                                                | CUSIP: 37045VAY6<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    390000 | PA      | $398930.86    | 0.01%             | 2029-10-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                                                        | Bangkok Bank PCL/Hong Kong                                                       | CUSIP: 000000000<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |    200000 | PA      | $198584.36    | 0.00%             | 2027-06-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| UNITI GRP/UNITI HLD/CSL                                                    | Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC                      | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              |  | US        |    210000 | PA      | $198612.04    | 0.00%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                                                | Chemours Co/The                                                                  | CUSIP: 163851AE8<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    190000 | PA      | $186030.27    | 0.00%             | 2027-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                                    | Imperial Brands Finance PLC                                                      | CUSIP: 45262BAC7<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    275000 | PA      | $266153.34    | 0.01%             | 2029-07-26      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BANQUE SAUDI FRANSI                                                        | Banque Saudi Fransi                                                              | CUSIP: 000000000<br>LEI: 558600N07EDF4ATYR106 | Long             | DBT              | CORP              | SA        |    400000 | PA      | $399876.01    | 0.01%             | 2028-05-31      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                                             | Mastercard Inc                                                                   | CUSIP: 57636QBA1<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    160000 | PA      | $159890.38    | 0.00%             | 2028-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| UNILEVER CAPITAL CORP                                                      | Unilever Capital Corp                                                            | CUSIP: 904764BH9<br>LEI: MYF1DAS6G5WY7PRWCU78 | Long             | DBT              | CORP              | US        |    240000 | PA      | $220540.22    | 0.00%             | 2029-09-06      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                                     | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    320000 | PA      | $304098.68    | 0.01%             | 2029-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                                                     | Anglo American Capital PLC                                                       | CUSIP: 000000000<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $207650.98    | 0.00%             | 2030-04-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                                      | Nabors Industries Inc                                                            | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    195000 | PA      | $193169.02    | 0.00%             | 2030-01-31      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                              | DISH DBS Corp                                                                    | CUSIP: 25470XBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $230205.56    | 0.01%             | 2028-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI HC FIN AMER                                                     | Mitsubishi HC Finance America LLC                                                | CUSIP: 606790AB9<br>LEI: 3538008O2MCHLB9FAL82 | Long             | DBT              | CORP              | US        |    215000 | PA      | $221673.78    | 0.01%             | 2028-09-12      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 31418EBD1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7395356 | PA      | $6545924.36   | 0.15%             | 2037-02-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PART                                                     | Brixmor Operating Partnership LP                                                 | CUSIP: 11120VAK9<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              |  | US        |    290000 | PA      | $273434.04    | 0.01%             | 2028-04-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BAPCO ENERGIES SUKUK LTD                                                   | Bapco Energies Sukuk Ltd                                                         | CUSIP: 000000000<br>LEI: 54930062R6OFRHBRAI29 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $196828.04    | 0.00%             | 2029-04-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                                      | Freedom Mortgage Corp                                                            | CUSIP: 35640YAK3<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    250000 | PA      | $267293.78    | 0.01%             | 2028-10-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| METHANEX CORP                                                              | Methanex Corp                                                                    | CUSIP: 59151KAL2<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |    205000 | PA      | $201386.62    | 0.00%             | 2029-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                   | Benchmark 2024-V6 Mortgage Trust                                                 | CUSIP: 081927AB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1037196.35   | 0.02%             | 2057-03-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| WUHAN METRO                                                                | Wuhan Metro Group Co Ltd                                                         | CUSIP: 000000000<br>LEI: 549300CGD0XKNKRS4R50 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $199274.80    | 0.00%             | 2027-10-22      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                                    | Zayo Group Holdings Inc                                                          | CUSIP: 98919VAA3<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    450000 | PA      | $427844.18    | 0.01%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PepsiCo Inc                                                                | PepsiCo Inc                                                                      | CUSIP: 713448EG9<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    145000 | PA      | $158140.72    | 0.00%             | 2029-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                              | Citigroup Inc                                                                    | CUSIP: 17308CC53<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    650000 | PA      | $606629.28    | 0.01%             | 2030-11-05      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                                                  | Apple Inc                                                                        | CUSIP: 037833DK3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    360000 | PA      | $352271.89    | 0.01%             | 2027-11-13      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                                                          | Hyatt Hotels Corp                                                                | CUSIP: 448579AQ5<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50832.90     | 0.00%             | 2027-01-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMEREN CORP                                                                | Ameren Corp                                                                      | CUSIP: 023608AK8<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |     35000 | PA      | $32673.27     | 0.00%             | 2028-03-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CH ROBINSON WORLDWIDE                                                      | CH Robinson Worldwide Inc                                                        | CUSIP: 12541WAA8<br>LEI: 529900WNWN5L0OVDHA79 | Long             | DBT              | CORP              | US        |    240000 | PA      | $238898.78    | 0.01%             | 2028-04-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| SA GLOBAL SUKUK LTD                                                        | SA Global Sukuk Ltd                                                              | CUSIP: 000000000<br>LEI: 5493007DFAVKU7UOGR47 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $591626.84    | 0.01%             | 2029-10-02      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BDC INC                                                      | Goldman Sachs BDC Inc                                                            | CUSIP: 38147UAE7<br>LEI: 6D01AGSGBNZIJSN77043 | Long             | DBT              | CORP              | US        |    140000 | PA      | $142787.06    | 0.00%             | 2027-03-11      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                     | PNC Financial Services Group Inc/The                                             | CUSIP: 693475CD5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303270.33    | 0.01%             | 2031-05-13      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                      | Mexico Government International Bonds                                            | CUSIP: 91087BAE0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    600000 | PA      | $587455.03    | 0.01%             | 2028-01-11      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Cox Communications Inc                                                     | Cox Communications Inc                                                           | CUSIP: 224044CJ4<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |    127000 | PA      | $124027.33    | 0.00%             | 2027-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                                                         | BMW US Capital LLC                                                               | CUSIP: 05565EAY1<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78716.82     | 0.00%             | 2028-04-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ESTEE LAUDER CO INC                                                        | Estee Lauder Cos Inc/The                                                         | CUSIP: 29736RAJ9<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147176.23    | 0.00%             | 2027-03-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                                                    | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 019579AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    390000 | PA      | $378420.10    | 0.01%             | 2028-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EUY3<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    150000 | PA      | $141735.13    | 0.00%             | 2029-07-18      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| SHARJAH SUKUK PROGRAM                                                      | Sharjah Sukuk Program Ltd                                                        | CUSIP: 000000000<br>LEI: 549300N3BQ9P6RRMVV02 | Long             | DBT              | NUSS              | KY        |    200000 | PA      | $187438.08    | 0.00%             | 2029-10-23      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                     | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607PHS6<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    220000 | PA      | $219936.07    | 0.00%             | 2030-09-11      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                                     | Match Group Holdings II LLC                                                      | CUSIP: 57665RAG1<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    190000 | PA      | $188456.02    | 0.00%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE NA                                                             | Capital One NA                                                                   | CUSIP: 25466AAP6<br>LEI: X05BVSK68TQ7YTOSNR22 | Long             | DBT              | CORP              | US        |    260000 | PA      | $261085.10    | 0.01%             | 2028-09-13      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                               | Barclays PLC                                                                     | CUSIP: 06738EBK0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    415000 | PA      | $416236.92    | 0.01%             | 2030-06-20      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                                        | Nomura Holdings Inc                                                              | CUSIP: 65535HBB4<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    220000 | PA      | $205949.79    | 0.00%             | 2029-01-22      | Fixed         | 2.71%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                                                   | Delta Air Lines Inc / SkyMiles IP Ltd                                            | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1060000 | PA      | $1061173.85   | 0.02%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LEEWARD RENEWABL                                                           | Leeward Renewable Energy Operations LLC                                          | CUSIP: 524590AA4<br>LEI: 254900EVJU1A57NUX379 | Long             | DBT              | CORP              | US        |    130000 | PA      | $122018.41    | 0.00%             | 2029-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SUN HUNG KAI PROP (CAP)                                                    | Sun Hung Kai Properties Capital Market Ltd                                       | CUSIP: 000000000<br>LEI: 222100WJDEUAP4JLW867 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $194785.31    | 0.00%             | 2029-02-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                                | Citibank NA                                                                      | CUSIP: 17325FBK3<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    545000 | PA      | $553977.61    | 0.01%             | 2029-08-06      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| TELUS Corp                                                                 | TELUS Corp                                                                       | CUSIP: 87971MBD4<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | DBT              | CORP              | CA        |    145000 | PA      | $141305.26    | 0.00%             | 2027-02-16      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 912828ZN3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18000000 | PA      | $16953046.92  | 0.38%             | 2027-04-30      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| WESTPAC NEW ZEALAND LTD                                                    | Westpac New Zealand Ltd                                                          | CUSIP: 96122FAE7<br>LEI: 549300MW73M5PK1PNG73 | Long             | DBT              | CORP              | NZ        |    200000 | PA      | $202855.69    | 0.00%             | 2030-02-27      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                  | Amgen Inc                                                                        | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1196501.29   | 0.03%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| FORTUNE STAR BVI LTD                                                       | Fortune Star BVI Ltd                                                             | CUSIP: 000000000<br>LEI: 2549008CU8NYQQRSNU62 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $195031.77    | 0.00%             | 2027-01-27      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INC                                                      | Texas Instruments Inc                                                            | CUSIP: 882508BG8<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    260000 | PA      | $240413.77    | 0.01%             | 2029-09-04      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL FINANCIAL                                                    | Fidelity National Financial Inc                                                  | CUSIP: 31620RAJ4<br>LEI: 549300CAZYIH39SYQ287 | Long             | DBT              | CORP              | US        |    200000 | PA      | $186799.77    | 0.00%             | 2030-06-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                              | Citigroup Inc                                                                    | CUSIP: 172967KY6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    985000 | PA      | $969950.28    | 0.02%             | 2026-10-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                   | European Investment Bank                                                         | CUSIP: 298785JJ6<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $185974.35    | 0.00%             | 2027-10-21      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                                                   | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                        | CUSIP: 71568QAN7<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $184970.24    | 0.00%             | 2030-06-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                                                    | GA Global Funding Trust                                                          | CUSIP: 36143L2L8<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    355000 | PA      | $362744.49    | 0.01%             | 2029-01-08      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST GAS CORP                                                         | Southwest Gas Corp                                                               | CUSIP: 845011AF2<br>LEI: OQQR1IQTGBKH0UR88X59 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66744.97     | 0.00%             | 2027-12-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL BANK OF DUBAI                                                   | Commercial Bank of Dubai PSC                                                     | CUSIP: 000000000<br>LEI: 2138002DQL2YD4S8HE87 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $203797.40    | 0.00%             | 2028-06-14      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| ADANI ELECTRICITY MUMBAI                                                   | Adani Electricity Mumbai Ltd                                                     | CUSIP: 000000000<br>LEI: 335800AIC1B5EBFVUC38 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $183444.59    | 0.00%             | 2030-02-12      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| GLAXOSMITHKLINE CAPITAL                                                    | GlaxoSmithKline Capital PLC                                                      | CUSIP: 377373AH8<br>LEI: 549300U0LV41VX7LEP38 | Long             | DBT              | CORP              | GB        |    290000 | PA      | $280612.11    | 0.01%             | 2029-06-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AVERY DENNISON CORP                                                        | Avery Dennison Corp                                                              | CUSIP: 053611AK5<br>LEI: 549300PW7VPFCYKLIV37 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91611.10     | 0.00%             | 2030-04-30      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| ARCHER-DANIELS-MIDLAND C                                                   | Archer-Daniels-Midland Co                                                        | CUSIP: 039483BL5<br>LEI: 549300LO13MQ9HYSTR83 | Long             | DBT              | CORP              | US        |    352000 | PA      | $345382.88    | 0.01%             | 2026-08-11      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                                     | Banque Federative du Credit Mutuel SA                                            | CUSIP: 06675DCR1<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $200554.68    | 0.00%             | 2028-10-16      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                               | Enbridge Inc                                                                     | CUSIP: 29250NBW4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    255000 | PA      | $258901.27    | 0.01%             | 2026-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL SERVICES                                                   | Hyundai Capital Services Inc                                                     | CUSIP: 000000000<br>LEI: 549300MALMDAGL2ZJJ27 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $195634.80    | 0.00%             | 2027-08-29      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                                                      | Huntington Bancshares Inc/OH                                                     | CUSIP: 446150BE3<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    355000 | PA      | $362436.03    | 0.01%             | 2031-01-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                                                                | Viatris Inc                                                                      | CUSIP: 92556VAC0<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |    300000 | PA      | $285489.04    | 0.01%             | 2027-06-22      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                                                        | American Tower Corp                                                              | CUSIP: 03027XAM2<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    200000 | PA      | $195916.99    | 0.00%             | 2027-01-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                                         | Howard Hughes Corp/The                                                           | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $190816.47    | 0.00%             | 2029-02-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| KIRBY CORPORATION                                                          | Kirby Corp                                                                       | CUSIP: 497266AC0<br>LEI: I7NO6FZO5GUCG585T325 | Long             | DBT              | CORP              | US        |    140000 | PA      | $138413.19    | 0.00%             | 2028-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Danone SA                                                                  | Danone SA                                                                        | CUSIP: 23636TAE0<br>LEI: 969500KMUQ2B6CBAF162 | Long             | DBT              | CORP              | FR        |    695000 | PA      | $681660.57    | 0.02%             | 2026-11-02      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                                        | Charles Schwab Corp/The                                                          | CUSIP: 808513CD5<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    575000 | PA      | $594082.04    | 0.01%             | 2029-05-19      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Mineral Resources Ltd                                                      | Mineral Resources Ltd                                                            | CUSIP: 603051AA1<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    230000 | PA      | $230678.72    | 0.01%             | 2027-05-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                            | CVS Health Corp                                                                  | CUSIP: 126650DF4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    262000 | PA      | $257655.06    | 0.01%             | 2026-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KOREA NATIONAL OIL CORP                                                    | Korea National Oil Corp                                                          | CUSIP: 000000000<br>LEI: 988400ZTQ08W926ONT36 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $202677.07    | 0.00%             | 2029-04-03      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NORINCHUKIN BANK                                                           | Norinchukin Bank/The                                                             | CUSIP: 656029AG0<br>LEI: 5493007VSMFZCPV1NB83 | Long             | DBT              | CORP              | JP        |    205000 | PA      | $197153.72    | 0.00%             | 2026-09-22      | Fixed         | 1.28%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                    | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GYM0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1415000 | PA      | $1370468.96   | 0.03%             | 2027-10-21      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| CAISSE D'AMORT DETTE SOC                                                   | Caisse d'Amortissement de la Dette Sociale                                       | CUSIP: 12802D2M7<br>LEI: 969500P04DQJS4BPM574 | Long             | DBT              | NUSS              | FR        |   3940000 | PA      | $3907651.22   | 0.09%             | 2028-05-24      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| OI EUROPEAN GROUP BV                                                       | OI European Group BV                                                             | CUSIP: 67777LAD5<br>LEI: 72450053F5WRDY8CDZ66 | Long             | DBT              | CORP              | NL        |    125000 | PA      | $118423.88    | 0.00%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                                                             | TD SYNNEX Corp                                                                   | CUSIP: 87162WAH3<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |    110000 | PA      | $102885.56    | 0.00%             | 2028-08-09      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| DREAM FINDERS HOMES INC                                                    | Dream Finders Homes Inc                                                          | CUSIP: 26154DAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $103490.38    | 0.00%             | 2028-08-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| WINDSOR HOLDINGS III LLC                                                   | Windsor Holdings III LLC                                                         | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |    240000 | PA      | $254806.67    | 0.01%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MBW9<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    425000 | PA      | $393221.90    | 0.01%             | 2030-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                                                   | Principal Life Global Funding II                                                 | CUSIP: 74256LFC8<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100842.21    | 0.00%             | 2028-01-09      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PARTNERRE FINANCE B LLC                                                    | PartnerRe Finance B LLC                                                          | CUSIP: 70213BAB7<br>LEI: 549300O0FAGHK2F79881 | Long             | DBT              | CORP              | US        |    185000 | PA      | $178727.38    | 0.00%             | 2029-07-02      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                         | BMW US Capital LLC                                                               | CUSIP: 05565ECJ2<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    210000 | PA      | $212451.17    | 0.00%             | 2029-04-02      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NEVADA POWER CO                                                            | Nevada Power Co                                                                  | CUSIP: 641423CD8<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |    125000 | PA      | $113849.11    | 0.00%             | 2030-05-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                                                     | Commonwealth Bank of Australia                                                   | CUSIP: 2027A0JZ3<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |    145000 | PA      | $144084.79    | 0.00%             | 2028-03-16      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                          | State Street Corp                                                                | CUSIP: 857477DA8<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90280.73     | 0.00%             | 2028-04-24      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                                                   | New Enterprise Stone & Lime Co Inc                                               | CUSIP: 644274AH5<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |    205000 | PA      | $203548.87    | 0.00%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BRIGHTSTAR LOTTERY PLC                                                     | Brightstar Lottery PLC                                                           | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $198466.68    | 0.00%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| General Dynamics Corp                                                      | General Dynamics Corp                                                            | CUSIP: 369550BC1<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |    280000 | PA      | $277314.16    | 0.01%             | 2028-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GOTO GROUP INC                                                             | GoTo Group Inc                                                                   | CUSIP: 38349YAB1<br>LEI: 549300D12V5KRBV00592 | Long             | DBT              | CORP              | US        |    131750 | PA      | $44759.43     | 0.00%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                             | Morgan Stanley                                                                   | CUSIP: 61747YEV3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    486000 | PA      | $504461.06    | 0.01%             | 2028-10-18      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                                                          | L3Harris Technologies Inc                                                        | CUSIP: 502431AS8<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152779.59    | 0.00%             | 2029-06-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                                          | Johnson & Johnson                                                                | CUSIP: 478160CU6<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    360000 | PA      | $368294.22    | 0.01%             | 2029-06-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN INVEST CO                                                   | Inter-American Investment Corp                                                   | CUSIP: 45828Q2C0<br>LEI: 5493001X4LH60PFRL744 | Long             | DBT              | NUSS              | XX        |    745000 | PA      | $760487.10    | 0.02%             | 2028-09-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| OEKB OEST. KONTROLLBANK                                                    | Oesterreichische Kontrollbank AG                                                 | CUSIP: 676167CF4<br>LEI: 5299000OVRLMF858L016 | Long             | DBT              | CORP              | AT        |    255000 | PA      | $253013.44    | 0.01%             | 2027-09-09      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| SINOPEC GRP DEV 2018                                                       | Sinopec Group Overseas Development 2018 Ltd                                      | CUSIP: 000000000<br>LEI: 549300C6OZZ8LTVR8209 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $187565.09    | 0.00%             | 2030-05-13      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS/CANADA WON                                                       | Six Flags Entertainment Corp / Canada's Wonderland Co / Magnum Management Corp   | CUSIP: 150190AB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $184545.15    | 0.00%             | 2027-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                                                 | Humana Inc                                                                       | CUSIP: 444859BK7<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    140000 | PA      | $131566.28    | 0.00%             | 2029-08-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| WISCONSIN POWER & LIGHT                                                    | Wisconsin Power and Light Co                                                     | CUSIP: 976826BM8<br>LEI: JWBYHVQVMY66CVCOSO49 | Long             | DBT              | CORP              | US        |    145000 | PA      | $137287.68    | 0.00%             | 2029-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                                     | Mizuho Financial Group Inc                                                       | CUSIP: 60687YBA6<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $186345.49    | 0.00%             | 2030-09-13      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| NEVADA POWER CO                                                            | Nevada Power Co                                                                  | CUSIP: 641423CH9<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49841.29     | 0.00%             | 2055-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                                     | Asian Development Bank                                                           | CUSIP: 045167FZ1<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |   1270000 | PA      | $1290810.69   | 0.03%             | 2028-08-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                                                          | Hyatt Hotels Corp                                                                | CUSIP: 448579AR3<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    220000 | PA      | $223733.24    | 0.01%             | 2029-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Empresas Publicas de Medellin ESP                                          | Empresas Publicas de Medellin ESP                                                | CUSIP: 000000000<br>LEI: 549300SU25TO8EMXB434 | Long             | DBT              | CORP              | CO        |    400000 | PA      | $370325.56    | 0.01%             | 2029-07-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                       | Enel Finance International NV                                                    | CUSIP: 29278GAW8<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $250678.44    | 0.01%             | 2027-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                                                      | Alibaba Group Holding Ltd                                                        | CUSIP: 01609WAT9<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    865000 | PA      | $847507.95    | 0.02%             | 2027-12-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                                                            | Xcel Energy Inc                                                                  | CUSIP: 98389BAV2<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108901.89    | 0.00%             | 2028-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                                             | Lowe's Cos Inc                                                                   | CUSIP: 548661DU8<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    350000 | PA      | $351177.75    | 0.01%             | 2030-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                                                               | SK Hynix Inc                                                                     | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |    385000 | PA      | $399762.18    | 0.01%             | 2028-01-17      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                                        | NCL Corp Ltd                                                                     | CUSIP: 62886HBN0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $262814.17    | 0.01%             | 2029-01-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                   | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668CK6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200008.52    | 0.00%             | 2026-08-14      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                   | AT&T Inc                                                                         | CUSIP: 00206RKG6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    785000 | PA      | $734906.68    | 0.02%             | 2028-02-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                                                   | Santander UK Group Holdings PLC                                                  | CUSIP: 80281LAR6<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    365000 | PA      | $353336.60    | 0.01%             | 2028-01-11      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                                                     | Aviation Capital Group LLC                                                       | CUSIP: 05369AAQ4<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    160000 | PA      | $162648.16    | 0.00%             | 2029-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Eni SpA                                                                    | Eni SpA                                                                          | CUSIP: 26874RAJ7<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |    345000 | PA      | $343232.69    | 0.01%             | 2029-05-09      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                                  | Apple Inc                                                                        | CUSIP: 037833EH9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    790000 | PA      | $730640.24    | 0.02%             | 2028-08-05      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| PENSKE AUTOMOTIVE GROUP                                                    | Penske Automotive Group Inc                                                      | CUSIP: 70959WAK9<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | DBT              | CORP              | US        |    150000 | PA      | $141989.42    | 0.00%             | 2029-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                                                    | Pfizer Investment Enterprises Pte Ltd                                            | CUSIP: 716973AC6<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |   1285000 | PA      | $1291166.39   | 0.03%             | 2028-05-19      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                        | American Express Co                                                              | CUSIP: 025816EJ4<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    475000 | PA      | $473863.79    | 0.01%             | 2029-07-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| CNAC HK Finbridge Co Ltd                                                   | CNAC HK Finbridge Co Ltd                                                         | CUSIP: 000000000<br>LEI: 549300US1UQ7R7WABI28 | Long             | DBT              | CORP              | HK        |    600000 | PA      | $605975.71    | 0.01%             | 2028-03-14      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                                                       | Talos Production Inc                                                             | CUSIP: 87485LAD6<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |    195000 | PA      | $199987.07    | 0.00%             | 2029-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING                                                    | Alcoa Nederland Holding BV                                                       | CUSIP: 013822AC5<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |    155000 | PA      | $155440.95    | 0.00%             | 2028-05-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                          | HSBC Holdings PLC                                                                | CUSIP: 404280CX5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $387906.15    | 0.01%             | 2027-11-22      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CAY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23800000 | PA      | $22074500.00  | 0.50%             | 2027-11-30      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                     | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406RAU1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     90000 | PA      | $83764.60     | 0.00%             | 2028-07-14      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                                                        | Go Daddy Operating Co LLC / GD Finance Co Inc                                    | CUSIP: 38016LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $224119.29    | 0.01%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ISDB TRUST NO 2                                                            | Isdb Trust Services NO 2 SARL                                                    | CUSIP: 000000000<br>LEI: 222100S88XMYHA1E3547 | Long             | DBT              | CORP              | LU        |    400000 | PA      | $397963.45    | 0.01%             | 2029-10-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                                           | Ryder System Inc                                                                 | CUSIP: 78355HKV0<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    205000 | PA      | $211104.41    | 0.00%             | 2028-03-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP                                                      | ON Semiconductor Corp                                                            | CUSIP: 682189AQ8<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |    250000 | PA      | $241265.39    | 0.01%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                        | Toyota Auto Receivables 2024-D Owner Trust                                       | CUSIP: 89239TAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1000982.97   | 0.02%             | 2029-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| NEWS CORP                                                                  | News Corp                                                                        | CUSIP: 65249BAA7<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |    320000 | PA      | $305845.07    | 0.01%             | 2029-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                         | Ally Financial Inc                                                               | CUSIP: 02005NBQ2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    245000 | PA      | $245420.20    | 0.01%             | 2027-06-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EMPRESA NACIONAL DEL PET                                                   | Empresa Nacional del Petroleo                                                    | CUSIP: 000000000<br>LEI: 549300YP3P0JZBLIV197 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $201643.82    | 0.00%             | 2029-11-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KELLANOVA                                                                  | Kellanova                                                                        | CUSIP: 487836BW7<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | DBT              | CORP              | US        |    295000 | PA      | $295603.24    | 0.01%             | 2028-05-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| PACCAR FINANCIAL CORP                                                      | PACCAR Financial Corp                                                            | CUSIP: 69371RS80<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |    180000 | PA      | $181861.41    | 0.00%             | 2029-01-31      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                                        | CDW LLC / CDW Finance Corp                                                       | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    326000 | PA      | $317413.90    | 0.01%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| SHINHAN BANK                                                               | Shinhan Bank Co Ltd                                                              | CUSIP: 82460EAQ3<br>LEI: 5493003P813VL21KG928 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $192836.99    | 0.00%             | 2026-10-21      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| NATIONAL SECS CLEARING                                                     | National Securities Clearing Corp                                                | CUSIP: 637639AM7<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254283.42    | 0.01%             | 2029-06-26      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| INTL DEVELOPMENT ASSOC                                                     | International Development Association                                            | CUSIP: 45939E2E9<br>LEI: P41R60HC414IWQA1XW02 | Long             | DBT              | NUSS              | XX        |    600000 | PA      | $599345.56    | 0.01%             | 2030-06-11      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WESTLAKE CORP                                                              | Westlake Corp                                                                    | CUSIP: 960413AT9<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | DBT              | CORP              | US        |    325000 | PA      | $321312.64    | 0.01%             | 2026-08-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                           | GGAM Finance Ltd                                                                 | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    210000 | PA      | $216352.17    | 0.00%             | 2027-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Suzano Austria GmbH                                                        | Suzano Austria GmbH                                                              | CUSIP: 000000000<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |    200000 | PA      | $201839.56    | 0.00%             | 2026-07-14      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                                                    | Park River Holdings Inc                                                          | CUSIP: 70082LAA5<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |    125000 | PA      | $107988.61    | 0.00%             | 2029-02-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                         | Energy Transfer LP                                                               | CUSIP: 226373AQ1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    575000 | PA      | $575146.96    | 0.01%             | 2027-05-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                                                   | Brandywine Operating Partnership LP                                              | CUSIP: 105340AS2<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |    150000 | PA      | $161113.73    | 0.00%             | 2029-04-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| EDP FINANCE BV                                                             | EDP Finance BV                                                                   | CUSIP: 26835PAH3<br>LEI: 5299007L43AQDFOW5739 | Long             | DBT              | CORP              | NL        |    235000 | PA      | $219897.86    | 0.00%             | 2028-01-24      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIAL LIFE                                                   | Equitable Financial Life Global Funding                                          | CUSIP: 29449WAB3<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23453.39     | 0.00%             | 2027-08-27      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| KFW                                                                        | Kreditanstalt fuer Wiederaufbau                                                  | CUSIP: 500769KG8<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |    990000 | PA      | $980776.00    | 0.02%             | 2027-08-27      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL USA INC                                                         | Murphy Oil USA Inc                                                               | CUSIP: 626738AE8<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146076.39    | 0.00%             | 2029-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                              | Boeing Co/The                                                                    | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    465000 | PA      | $490670.14    | 0.01%             | 2029-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                                     | Daimler Truck Finance North America LLC                                          | CUSIP: 233853AQ3<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    265000 | PA      | $268297.20    | 0.01%             | 2028-01-19      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Heineken NV                                                                | Heineken NV                                                                      | CUSIP: 423012AF0<br>LEI: 724500K5PTPSST86UQ23 | Long             | DBT              | CORP              | NL        |    375000 | PA      | $367279.40    | 0.01%             | 2028-01-29      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                   | European Investment Bank                                                         | CUSIP: 298785JQ0<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |    365000 | PA      | $349987.46    | 0.01%             | 2027-03-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| CABLEVISION LIGHTPATH                                                      | Cablevision Lightpath LLC                                                        | CUSIP: 12687GAB5<br>LEI: 5493002ZVBLRLGES1R71 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129468.57    | 0.00%             | 2028-09-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| GEORGIAN RAILWAY JSC                                                       | Georgian Railway JSC                                                             | CUSIP: 000000000<br>LEI: 2138005UZV4ZT2B2ZO19 | Long             | DBT              | CORP              | GE        |    200000 | PA      | $183642.71    | 0.00%             | 2028-06-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 9128283F5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20900000 | PA      | $20142375.00  | 0.45%             | 2027-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                                                                 | Carvana Co                                                                       | CUSIP: 146869AL6<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    225066 | PA      | $230546.42    | 0.01%             | 2028-12-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC                                                          | General Mills Inc                                                                | CUSIP: 370334CW2<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |    215000 | PA      | $221757.17    | 0.01%             | 2028-10-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MIDWEST GMNG BOR/MWG FIN                                                   | Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp                        | CUSIP: 59833DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $216857.54    | 0.00%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                                                         | BMW US Capital LLC                                                               | CUSIP: 05565EAT2<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    187000 | PA      | $183546.24    | 0.00%             | 2027-04-06      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC                                                   | Elanco Animal Health Inc                                                         | CUSIP: 28414HAG8<br>LEI: 549300SHPNDCE059M934 | Long             | DBT              | CORP              | US        |    250000 | PA      | $258841.15    | 0.01%             | 2028-08-28      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| CUMMINS INC                                                                | Cummins Inc                                                                      | CUSIP: 231021AY2<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75100.27     | 0.00%             | 2028-05-09      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SUCI SECOND INVEST CO                                                      | Suci Second Investment Co                                                        | CUSIP: 000000000<br>LEI: 558600VUMCHBIHACQF76 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $398555.40    | 0.01%             | 2027-09-10      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                                       | Westpac Banking Corp                                                             | CUSIP: 961214FV0<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    150000 | PA      | $150542.57    | 0.00%             | 2026-10-20      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Perusahaan Penerbit SBSN Indonesia III                                     | Perusahaan Penerbit SBSN Indonesia III                                           | CUSIP: 71567RAP1<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $185155.93    | 0.00%             | 2030-06-23      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                                          | Kinder Morgan Inc                                                                | CUSIP: 494553AD2<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    375000 | PA      | $379854.00    | 0.01%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bausch Health Cos Inc                                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AF4<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $73704.02     | 0.00%             | 2029-05-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                                                       | Lockheed Martin Corp                                                             | CUSIP: 539830BV0<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    335000 | PA      | $341483.96    | 0.01%             | 2027-11-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CRH America Finance Inc                                                    | CRH America Finance Inc                                                          | CUSIP: 12636YAC6<br>LEI: 549300WEVUODRJ4CWK56 | Long             | DBT              | CORP              | US        |    230000 | PA      | $227393.87    | 0.01%             | 2028-04-04      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                                                   | Sumitomo Mitsui Trust Bank Ltd                                                   | CUSIP: 86563VBT5<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $199982.18    | 0.00%             | 2027-09-10      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STORAGE TECHNOLOG                                             | SEAGATE DATA STORAGE TECHNOLOG                                                   | CUSIP: 81180LAL9<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     80000 | PA      | $72172.16     | 0.00%             | 2029-07-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                   | Caterpillar Financial Services Corp                                              | CUSIP: 14913R2U0<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    250000 | PA      | $241333.32    | 0.01%             | 2027-01-08      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                                                          | Rakuten Group Inc                                                                | CUSIP: 75102WAM0<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    175000 | PA      | $173766.93    | 0.00%             | 2029-12-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFIN CORP                                                       | Parker-Hannifin Corp                                                             | CUSIP: 701094AS3<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |    305000 | PA      | $306177.39    | 0.01%             | 2029-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| McKesson Corp                                                              | McKesson Corp                                                                    | CUSIP: 581557BJ3<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54456.02     | 0.00%             | 2028-02-16      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BANCO BTG PACTUAL/CAYMAN                                                   | Banco BTG Pactual SA/Cayman Islands                                              | CUSIP: 05971BAK5<br>LEI: 2549002JHJ73KGETOK78 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $206087.02    | 0.00%             | 2029-04-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ERAC USA FINANCE LLC                                                       | ERAC USA Finance LLC                                                             | CUSIP: 26884TAV4<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |    360000 | PA      | $363016.38    | 0.01%             | 2028-05-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| KIOXIA HOLDINGS CORP                                                       | Kioxia Holdings Corp                                                             | CUSIP: 49726JAA6<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |     50000 | PA      | $49827.50     | 0.00%             | 2030-07-24      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MBU3<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $186800.42    | 0.00%             | 2029-09-27      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                                   | Hilton Domestic Operating Co Inc                                                 | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    165000 | PA      | $167645.12    | 0.00%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Nokia OYJ                                                                  | Nokia Oyj                                                                        | CUSIP: 654902AE5<br>LEI: 549300A0JPRWG1KI7U06 | Long             | DBT              | CORP              | FI        |    205000 | PA      | $203152.11    | 0.00%             | 2027-06-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                                                    | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBB5<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    165000 | PA      | $149770.72    | 0.00%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| BSF SUKUK CO LIMITED                                                       | BSF Sukuk Co Ltd                                                                 | CUSIP: 000000000<br>LEI: 2549001XXO8PLKLMHF84 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $204262.42    | 0.00%             | 2030-01-21      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                                    | International Bank for Reconstruction & Development                              | CUSIP: 459058JC8<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   1005000 | PA      | $870040.26    | 0.02%             | 2030-05-14      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| CENCORA INC                                                                | Cencora Inc                                                                      | CUSIP: 03073EAP0<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39115.80     | 0.00%             | 2027-12-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| ALCON FINANCE CORP                                                         | Alcon Finance Corp                                                               | CUSIP: 01400EAD5<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |    200000 | PA      | $183393.68    | 0.00%             | 2030-05-27      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| WRKCo Inc                                                                  | WRKCo Inc                                                                        | CUSIP: 92940PAE4<br>LEI: 549300JEB576INN13W07 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295473.01    | 0.01%             | 2028-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                    | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GXH2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    750000 | PA      | $729601.28    | 0.02%             | 2030-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ALLEGION PLC                                                               | Allegion plc                                                                     | CUSIP: 01748TAB7<br>LEI: 984500560CAC2E6FB757 | Long             | DBT              | CORP              | IE        |    100000 | PA      | $95551.97     | 0.00%             | 2029-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA                                                   | SeaWorld Parks & Entertainment Inc                                               | CUSIP: 81282UAG7<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |    225000 | PA      | $219471.39    | 0.00%             | 2029-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance BV                                                | Petrobras Global Finance BV                                                      | CUSIP: 71647NAY5<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $510022.89    | 0.01%             | 2028-01-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ASGN INCORPORATED                                                          | ASGN Inc                                                                         | CUSIP: 00191UAA0<br>LEI: LZBNYYCBUKY537072438 | Long             | DBT              | CORP              | US        |    180000 | PA      | $175250.21    | 0.00%             | 2028-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| WRKCo Inc                                                                  | WRKCo Inc                                                                        | CUSIP: 96145DAD7<br>LEI: 549300JEB576INN13W07 | Long             | DBT              | CORP              | US        |    105000 | PA      | $102771.97    | 0.00%             | 2027-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Boston Scientific Corp                                                     | Boston Scientific Corp                                                           | CUSIP: 101137AS6<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14928.17     | 0.00%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                      | Athene Global Funding                                                            | CUSIP: 04685A4A6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225789.29    | 0.01%             | 2026-08-27      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                                                     | NXP BV / NXP Funding LLC / NXP USA Inc                                           | CUSIP: 62954HAV0<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | XX        |    322000 | PA      | $318560.74    | 0.01%             | 2029-06-18      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| EVERGY KANSAS CENTRAL                                                      | Evergy Kansas Central Inc                                                        | CUSIP: 30036FAE1<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85618.49     | 0.00%             | 2028-03-13      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                                   | Penske Truck Leasing Co Lp / PTL Finance Corp                                    | CUSIP: 709599BW3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $285674.63    | 0.01%             | 2028-08-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| SCHLUMBERGER HLDGS CORP                                                    | Schlumberger Holdings Corp                                                       | CUSIP: 806851AK7<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88978.75     | 0.00%             | 2028-05-17      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| ABJA INVESTMENT CO                                                         | ABJA Investment Co Pte Ltd                                                       | CUSIP: 000000000<br>LEI: 254900E6OE5YJ9WCCU19 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $202581.79    | 0.00%             | 2028-01-24      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CHINA CONSTRUCTION BANK                                                    | China Construction Bank Corp                                                     | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | DBT              | CORP              | CN        |   1000000 | PA      | $974781.81    | 0.02%             | 2032-01-21      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| KUNTARAHOITUS OYJ                                                          | Kuntarahoitus Oyj                                                                | CUSIP: 62628PAG1<br>LEI: 529900HEKOENJHPNN480 | Long             | DBT              | NUSS              | FI        |    970000 | PA      | $954272.77    | 0.02%             | 2029-10-09      | Fixed         | 3.63%                 | No            |                  2 | On Loan: —       |
| BANK OF NY MELLON CORP                                                     | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406RAF4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    255000 | PA      | $250208.19    | 0.01%             | 2028-01-29      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GRP NY                                                   | Australia & New Zealand Banking Group Ltd/New York NY                            | CUSIP: 05253JB34<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |    310000 | PA      | $313766.93    | 0.01%             | 2027-07-16      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                       | Mercedes-Benz Finance North America LLC                                          | CUSIP: 58769JAU1<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    185000 | PA      | $185932.36    | 0.00%             | 2027-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                                          | Johnson & Johnson                                                                | CUSIP: 478160DH4<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    190000 | PA      | $192496.35    | 0.00%             | 2028-03-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                   | Avolon Holdings Funding Ltd                                                      | CUSIP: 05401AAW1<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    170000 | PA      | $170669.51    | 0.00%             | 2028-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| NIAGARA MOHAWK POWER                                                       | Niagara Mohawk Power Corp                                                        | CUSIP: 65364UAN6<br>LEI: 3T97Y9RR5EN5Y18QHB56 | Long             | DBT              | CORP              | US        |    150000 | PA      | $132443.80    | 0.00%             | 2030-06-27      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                           | Societe Generale SA                                                              | CUSIP: 83368RAK8<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    325000 | PA      | $321805.10    | 0.01%             | 2027-01-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA                                                   | Export-Import Bank of Korea                                                      | CUSIP: 302154DR7<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |    400000 | PA      | $399396.16    | 0.01%             | 2027-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MID-AMERICA APARTMENTS                                                     | Mid-America Apartments LP                                                        | CUSIP: 59523UAT4<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              |  | US        |    175000 | PA      | $168586.15    | 0.00%             | 2026-09-15      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| Ahold Finance USA LLC                                                      | Ahold Finance USA LLC                                                            | CUSIP: 008685AB5<br>LEI: 549300XB4647UBM7K822 | Long             | DBT              | CORP              | US        |    110000 | PA      | $119158.27    | 0.00%             | 2029-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                                                      | Republic Services Inc                                                            | CUSIP: 760759BB5<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    215000 | PA      | $219017.70    | 0.00%             | 2029-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                       | Edison International                                                             | CUSIP: 281020AW7<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    205000 | PA      | $213864.10    | 0.00%             | 2029-11-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: —       |
| CANADA GOVERNMENT                                                          | Canada Government International Bond                                             | CUSIP: 43358BAA1<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |   1000000 | PA      | $1022873.05   | 0.02%             | 2029-04-30      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp                                                       | Westpac Banking Corp                                                             | CUSIP: 961214DF7<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    470000 | PA      | $466097.96    | 0.01%             | 2031-11-23      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                           | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137H9D71<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $1911058.80   | 0.04%             | 2029-09-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ACCO BRANDS CORP                                                           | ACCO Brands Corp                                                                 | CUSIP: 00081TAK4<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | DBT              | CORP              | US        |    175000 | PA      | $155012.26    | 0.00%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Bunge Ltd Finance Corp                                                     | Bunge Ltd Finance Corp                                                           | CUSIP: 120568AZ3<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118513.46    | 0.00%             | 2027-09-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                               | Comcast Corp                                                                     | CUSIP: 20030NEA5<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    231000 | PA      | $235985.99    | 0.01%             | 2027-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MDM9<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $205587.33    | 0.00%             | 2029-07-09      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| RAIN CARBON INC                                                            | Rain Carbon Inc                                                                  | CUSIP: 75079LAB7<br>LEI: 25490038N6JQH7QXUK52 | Long             | DBT              | CORP              | US        |    125000 | PA      | $134563.96    | 0.00%             | 2029-09-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: —       |
| COSAN LUXEMBOURG SA                                                        | Cosan Luxembourg SA                                                              | CUSIP: 000000000<br>LEI: 222100ZY943WERK7RZ38 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $195249.68    | 0.00%             | 2029-09-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| L-BANK BW FOERDERBANK                                                      | Landeskreditbank Baden-Wuerttemberg Foerderbank                                  | CUSIP: 000000000<br>LEI: 0SK1ILSPWNVBNQWU0W18 | Long             | DBT              | CORP              | DE        |    510000 | PA      | $470032.73    | 0.01%             | 2028-10-12      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                                                         | Ingersoll Rand Inc                                                               | CUSIP: 45687VAA4<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |    180000 | PA      | $184633.59    | 0.00%             | 2028-08-14      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140E75F3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     12960 | PA      | $12609.16     | 0.00%             | 2030-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OWENS & MINOR INC                                                          | Owens & Minor Inc                                                                | CUSIP: 690732AF9<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |    145000 | PA      | $126096.40    | 0.00%             | 2029-03-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| GENESIS ENERGY LP/FIN                                                      | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $158659.67    | 0.00%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ANALOG DEVICES INC                                                         | Analog Devices Inc                                                               | CUSIP: 032654BA2<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24656.57     | 0.00%             | 2027-06-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| China Government International Bonds                                       | China Government International Bonds                                             | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    400000 | PA      | $398282.03    | 0.01%             | 2028-10-19      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Weyerhaeuser Co                                                            | Weyerhaeuser Co                                                                  | CUSIP: 962166BX1<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              | CORP              | US        |    240000 | PA      | $234897.46    | 0.01%             | 2029-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397C35<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    485000 | PA      | $502384.25    | 0.01%             | 2027-11-04      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                         | BMO 2024-5C6 Mortgage Trust                                                      | CUSIP: 05593QAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $203584.96    | 0.00%             | 2057-09-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS INC                                                   | iHeartCommunications Inc                                                         | CUSIP: 45174HBJ5<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    201750 | PA      | $169559.29    | 0.00%             | 2029-05-01      | Fixed         | 9.13%                 | No            |                  2 | On Loan: —       |
| MARRIOTT INTERNATIONAL                                                     | Marriott International Inc/MD                                                    | CUSIP: 571903BP7<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    235000 | PA      | $237317.98    | 0.01%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Merck Sharp & Dohme Corp                                                   | Merck Sharp & Dohme Corp                                                         | CUSIP: 589331AE7<br>LEI: MZK1AT00SJV4XB7WNL71 | Long             | DBT              | CORP              | US        |    175000 | PA      | $184205.58    | 0.00%             | 2028-12-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                     | American Honda Finance Corp                                                      | CUSIP: 02665WDZ1<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    415000 | PA      | $400571.42    | 0.01%             | 2026-09-09      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                      | Athene Global Funding                                                            | CUSIP: 04685A4R9<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150981.87    | 0.00%             | 2030-07-17      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| ABU DHABI COMMERCIAL BNK                                                   | Abu Dhabi Commercial Bank PJSC                                                   | CUSIP: 000000000<br>LEI: 213800RWVKKIRX1AUH58 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $200264.28    | 0.00%             | 2035-03-10      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| ATS CORP                                                                   | ATS Corp                                                                         | CUSIP: 001940AC9<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $95094.61     | 0.00%             | 2028-12-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                   | Caterpillar Financial Services Corp                                              | CUSIP: 14913R2Q9<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    244000 | PA      | $235832.22    | 0.01%             | 2026-09-14      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                                                | Oracle Corp                                                                      | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    903000 | PA      | $886943.12    | 0.02%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                                         | Kennedy-Wilson Inc                                                               | CUSIP: 489399AL9<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |    200000 | PA      | $187692.11    | 0.00%             | 2029-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                                             | Whirlpool Corp                                                                   | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    160000 | PA      | $159624.44    | 0.00%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| BROADRIDGE FINANCIAL SOL                                                   | Broadridge Financial Solutions Inc                                               | CUSIP: 11133TAD5<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | DBT              | CORP              | US        |     60000 | PA      | $56003.42     | 0.00%             | 2029-12-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CONCENTRIX CORP                                                            | Concentrix Corp                                                                  | CUSIP: 20602DAA9<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |    230000 | PA      | $233755.75    | 0.01%             | 2026-08-02      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN                                                    | Aethon United BR LP / Aethon United Finance Corp                                 | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $324707.94    | 0.01%             | 2029-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                                                     | Morgan Stanley Bank NA                                                           | CUSIP: 61690U8G8<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    550000 | PA      | $549141.97    | 0.01%             | 2027-10-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| GENUINE PARTS CO                                                           | Genuine Parts Co                                                                 | CUSIP: 372460AF2<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |    265000 | PA      | $268046.90    | 0.01%             | 2029-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DUQUESNE LIGHT HOLDINGS                                                    | Duquesne Light Holdings Inc                                                      | CUSIP: 266233AG0<br>LEI: 4CUJ1D8WDXK9X7QI6B93 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43471.58     | 0.00%             | 2027-08-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                                                   | Thermo Fisher Scientific Inc                                                     | CUSIP: 883556CZ3<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    390000 | PA      | $393366.48    | 0.01%             | 2026-12-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                                                            | Chevron USA Inc                                                                  | CUSIP: 166756AS5<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144315.55    | 0.00%             | 2029-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CINTAS CORPORATION NO. 2                                                   | Cintas Corp No 2                                                                 | CUSIP: 17252MAN0<br>LEI: 549300QVUQTTKMTE0G41 | Long             | DBT              | CORP              | US        |    320000 | PA      | $316811.11    | 0.01%             | 2027-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| ANTERO RESOURCES CORP                                                      | Antero Resources Corp                                                            | CUSIP: 03674XAQ9<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |    190000 | PA      | $193952.65    | 0.00%             | 2029-02-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                              | Citigroup Inc                                                                    | CUSIP: 172967MS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $906828.67    | 0.02%             | 2031-06-03      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE                                                      | United Parcel Service Inc                                                        | CUSIP: 911312BY1<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    230000 | PA      | $231428.02    | 0.01%             | 2030-04-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| IPALCO ENTERPRISES INC                                                     | IPALCO Enterprises Inc                                                           | CUSIP: 462613AP5<br>LEI: 5493000YFVK2DZX0JV43 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144109.71    | 0.00%             | 2030-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| KOREA OCEAN BUSINESS CO                                                    | Korea Ocean Business Corp                                                        | CUSIP: 000000000<br>LEI: 988400706OU5BSJ8ZG26 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $201753.98    | 0.00%             | 2030-05-09      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                    | BPCE SA                                                                          | CUSIP: 05571AAX3<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    255000 | PA      | $261425.57    | 0.01%             | 2029-05-30      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                                               | CD 2017-CD6 Mortgage Trust                                                       | CUSIP: 125039AJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $187238.80    | 0.00%             | 2050-11-13      | Variable      | 3.91%                 | No            |                  2 | On Loan: No      |
| ITALY GOV'T INT BOND                                                       | Republic of Italy Government International Bond                                  | CUSIP: 465410BY3<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |      5000 | PA      | $4696.53      | 0.00%             | 2029-10-17      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                                           | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    290000 | PA      | $297122.35    | 0.01%             | 2030-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST AIRLINES CO                                                      | Southwest Airlines Co                                                            | CUSIP: 844741BF4<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |    150000 | PA      | $136429.74    | 0.00%             | 2030-02-10      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| SNB FUNDING LTD                                                            | SNB Funding Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300PT73WJRNMAKE44 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $200333.94    | 0.00%             | 2029-07-11      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE INC                                                       | Global Net Lease Inc                                                             | CUSIP: 02608AAA7<br>LEI: 549300NUYANCT5SU8Z65 | Long             | DBT              |  | US        |    105000 | PA      | $101172.49    | 0.00%             | 2028-09-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                     | PNC Financial Services Group Inc/The                                             | CUSIP: 693475BR5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    747000 | PA      | $770046.37    | 0.02%             | 2029-06-12      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| ANTERO RESOURCES CORP                                                      | Antero Resources Corp                                                            | CUSIP: 03674XAS5<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |    155000 | PA      | $153980.14    | 0.00%             | 2030-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                                                            | Xcel Energy Inc                                                                  | CUSIP: 98389BBD1<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75480.38     | 0.00%             | 2028-03-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds                    | Republic of South Africa Government International Bonds                          | CUSIP: 836205BA1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    600000 | PA      | $577851.89    | 0.01%             | 2029-09-30      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                                                   | CenterPoint Energy Houston Electric LLC                                          | CUSIP: 15189XAQ1<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    137000 | PA      | $134291.39    | 0.00%             | 2026-09-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                                                    | Light & Wonder International Inc                                                 | CUSIP: 80874YBC3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250321.77    | 0.01%             | 2028-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTN                                                   | Piedmont Operating Partnership LP                                                | CUSIP: 720198AG5<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |    220000 | PA      | $242587.38    | 0.01%             | 2028-07-20      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                   | EQT Corp                                                                         | CUSIP: 26884LAQ2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    155000 | PA      | $159413.76    | 0.00%             | 2028-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                                                    | Jefferies Financial Group Inc                                                    | CUSIP: 47233JBH0<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    300000 | PA      | $292905.87    | 0.01%             | 2030-01-23      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                                   | National Rural Utilities Cooperative Finance Corp                                | CUSIP: 637432NN1<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58677.95     | 0.00%             | 2027-04-25      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| TRIDENT TPI HOLDINGS INC                                                   | Trident TPI Holdings Inc                                                         | CUSIP: 89616RAC3<br>LEI: 549300TPLK304J3RNC85 | Long             | DBT              | CORP              | US        |    200000 | PA      | $213845.63    | 0.00%             | 2028-12-31      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| HLF FIN SARL LLC/HERBALI                                                   | HLF Financing Sarl LLC / Herbalife International Inc                             | CUSIP: 40390DAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $167714.22    | 0.00%             | 2029-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                                                    | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    117000 | PA      | $116302.42    | 0.00%             | 2027-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                        | COMM 2016-COR1 Mortgage Trust                                                    | CUSIP: 12594MBC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5440000 | PA      | $5339233.30   | 0.12%             | 2049-10-10      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| PACCAR FINANCIAL CORP                                                      | PACCAR Financial Corp                                                            | CUSIP: 69371RT30<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150822.45    | 0.00%             | 2027-08-06      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ROLLS-ROYCE PLC                                                            | Rolls-Royce PLC                                                                  | CUSIP: 77578JAC2<br>LEI: X57JK1U580XATGR67572 | Long             | DBT              | CORP              | GB        |    330000 | PA      | $337535.00    | 0.01%             | 2027-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                  | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F042483<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    112000 | PA      | $110641.95    | 0.00%             | 2039-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 31307PWW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     63688 | PA      | $62008.07     | 0.00%             | 2030-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XFE1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    285000 | PA      | $287907.27    | 0.01%             | 2028-04-04      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                                                   | Blue Racer Midstream LLC / Blue Racer Finance Corp                               | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $140010.62    | 0.00%             | 2029-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                                                     | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BS9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45777.70     | 0.00%             | 2030-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Hydro-Quebec                                                               | Hydro-Quebec                                                                     | CUSIP: 448814DF7<br>LEI: 6THEVG93PYJH84S4D167 | Long             | DBT              | NUSS              | CA        |    100000 | PA      | $121271.56    | 0.00%             | 2030-04-15      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CMU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30177000 | PA      | $30247727.34  | 0.68%             | 2030-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HILLENBRAND INC                                                            | Hillenbrand Inc                                                                  | CUSIP: 431571AF5<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |    145000 | PA      | $146955.57    | 0.00%             | 2029-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                                        | Nomura Holdings Inc                                                              | CUSIP: 65535HAY5<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    350000 | PA      | $326657.08    | 0.01%             | 2028-07-14      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL                                                   | Jackson National Life Global Funding                                             | CUSIP: 46849LUY5<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |    185000 | PA      | $187543.75    | 0.00%             | 2028-04-12      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                                                   | Svenska Handelsbanken AB                                                         | CUSIP: 86959LAQ6<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |    250000 | PA      | $253655.69    | 0.01%             | 2027-05-28      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                                          | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    620000 | PA      | $114713.18    | 0.00%             | 2026-11-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pakistan Global Sukuk Programme Co. Ltd.                                   | Pakistan Global Sukuk Programme Co. Ltd.                                         | CUSIP: 000000000<br>LEI: 213800X5OY6CVYNY1M70 | Long             | DBT              | NUSS              | PK        |    400000 | PA      | $400612.47    | 0.01%             | 2029-01-31      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                       | Mercedes-Benz Finance North America LLC                                          | CUSIP: 58769JAC1<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    225000 | PA      | $228820.50    | 0.01%             | 2027-11-29      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                | Oracle Corp                                                                      | CUSIP: 68389XCM5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    255000 | PA      | $255609.61    | 0.01%             | 2028-05-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CMH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20365000 | PA      | $20384887.64  | 0.46%             | 2027-01-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CMD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20622000 | PA      | $20984496.20  | 0.47%             | 2029-12-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BROOKLYN UNION GAS CO                                                      | Brooklyn Union Gas Co/The                                                        | CUSIP: 114259AV6<br>LEI: 83BQ1DXS6VA5GZFK8S35 | Long             | DBT              | CORP              | US        |    193000 | PA      | $192814.49    | 0.00%             | 2027-08-05      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140E2HL8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6408 | PA      | $6299.04      | 0.00%             | 2030-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                                     | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    200000 | PA      | $188556.92    | 0.00%             | 2028-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                                        | Charles Schwab Corp/The                                                          | CUSIP: 808513AQ8<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    225000 | PA      | $221024.94    | 0.00%             | 2027-03-02      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                                                   | Macquarie Airfinance Holdings Ltd                                                | CUSIP: 55609NAC2<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    165000 | PA      | $171618.64    | 0.00%             | 2029-03-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                                    | International Bank for Reconstruction & Development                              | CUSIP: 459058GE7<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    315000 | PA      | $304884.56    | 0.01%             | 2027-11-22      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                                                         | F&G Global Funding                                                               | CUSIP: 30321L2J0<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128049.67    | 0.00%             | 2030-01-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CHINA TAIPING INSURANCE                                                    | China Taiping Insurance Holdings Co Ltd                                          | CUSIP: 000000000<br>LEI: 529900C2G37NOIADYW07 | Long             | DBT              | CORP              | HK        |    800000 | PA      | $832730.93    | 0.02%             | 2028-03-09      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| SNB SUKUK LTD                                                              | SNB Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 549300NDOY781U1WVO54 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $386451.52    | 0.01%             | 2027-01-19      | Fixed         | 2.34%                 | No            |                  2 | On Loan: No      |
| PNC Bank NA                                                                | PNC Bank NA                                                                      | CUSIP: 69353RFJ2<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |    320000 | PA      | $312096.84    | 0.01%             | 2028-01-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                                                        | Rocket Software Inc                                                              | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    260000 | PA      | $268296.68    | 0.01%             | 2028-11-28      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| KENVUE INC                                                                 | Kenvue Inc                                                                       | CUSIP: 49177JAH5<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |    255000 | PA      | $261264.95    | 0.01%             | 2030-03-22      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                                                     | Aviation Capital Group LLC                                                       | CUSIP: 05369AAR2<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55005.69     | 0.00%             | 2027-04-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                                                         | Vodafone Group PLC                                                               | CUSIP: 92857WBQ2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    630000 | PA      | $659463.59    | 0.01%             | 2079-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UPBOUND GROUP INC                                                          | Upbound Group Inc                                                                | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |    165000 | PA      | $160854.98    | 0.00%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ADU8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85345.61     | 0.00%             | 2027-06-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NATIONAL CENTRAL COOLING                                                   | National Central Cooling Co PJSC                                                 | CUSIP: 000000000<br>LEI: 254900E7M1Y3DXGQ1283 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $203544.87    | 0.00%             | 2030-03-05      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                                      | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    355000 | PA      | $371208.88    | 0.01%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                                           | Ryder System Inc                                                                 | CUSIP: 78355HKU2<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109681.76    | 0.00%             | 2027-06-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                 | Intel Corp                                                                       | CUSIP: 458140BQ2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    329000 | PA      | $324512.02    | 0.01%             | 2027-03-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NRW.BANK                                                                   | NRW Bank                                                                         | CUSIP: 000000000<br>LEI: 52990002O5KK6XOGJ020 | Long             | DBT              | CORP              | DE        |     64000 | PA      | $64667.04     | 0.00%             | 2028-01-24      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS INC                                                     | Radiology Partners Inc                                                           | CUSIP: 75041VAC8<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |    225000 | PA      | $222939.47    | 0.01%             | 2030-02-15      | Fixed         | 9.78%                 | No            |                  2 | On Loan: No      |
| CARGILL INC                                                                | Cargill Inc                                                                      | CUSIP: 141781BV5<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |    240000 | PA      | $237330.72    | 0.01%             | 2027-04-22      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| PROVINCE OF ALBERTA                                                        | Province of Alberta Canada                                                       | CUSIP: 013051EA1<br>LEI: LQPXMHHNJKIPJYE53543 | Long             | DBT              | NUSS              | CA        |    330000 | PA      | $323742.75    | 0.01%             | 2028-03-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS                                                   | First Abu Dhabi Bank PJSC                                                        | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | DBT              | CORP              | AE        |    400000 | PA      | $412221.76    | 0.01%             | 2034-04-04      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                                               | Stryker Corp                                                                     | CUSIP: 863667BL4<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    305000 | PA      | $310077.51    | 0.01%             | 2030-02-10      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                                    | Imperial Brands Finance PLC                                                      | CUSIP: 45262BAG8<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $359861.06    | 0.01%             | 2030-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                                                     | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AL8<br>LEI: H36E1IF6YS0OBMHM6168 | Long             | DBT              | CORP              | US        |    175000 | PA      | $173966.53    | 0.00%             | 2027-05-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| QUALCOMM Inc                                                               | QUALCOMM Inc                                                                     | CUSIP: 747525AU7<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    465000 | PA      | $457919.92    | 0.01%             | 2027-05-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| WEA FINANCE LLC                                                            | WEA Finance LLC                                                                  | CUSIP: 92928QAH1<br>LEI: 3CYEJKBUJZO3UW777J80 | Long             | DBT              |  | US        |    265000 | PA      | $257743.61    | 0.01%             | 2027-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| DARLING INGREDIENTS INC                                                    | Darling Ingredients Inc                                                          | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301857.89    | 0.01%             | 2030-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EYF0<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149438.55    | 0.00%             | 2030-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                                                   | Prime Security Services Borrower LLC / Prime Finance Inc                         | CUSIP: 74166MAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $304980.14    | 0.01%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EXB0<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    495000 | PA      | $506221.44    | 0.01%             | 2028-07-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                                     | Asian Development Bank                                                           | CUSIP: 045167FW8<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |   2781000 | PA      | $2768745.69   | 0.06%             | 2028-04-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BROOKLYN UNION GAS CO                                                      | Brooklyn Union Gas Co/The                                                        | CUSIP: 114259AT1<br>LEI: 83BQ1DXS6VA5GZFK8S35 | Long             | DBT              | CORP              | US        |    120000 | PA      | $116457.40    | 0.00%             | 2029-03-04      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| HIGHWOODS REALTY LP                                                        | Highwoods Realty LP                                                              | CUSIP: 431282AS1<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              |  | US        |    135000 | PA      | $123127.60    | 0.00%             | 2030-02-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| KOREA NATIONAL OIL CORP                                                    | Korea National Oil Corp                                                          | CUSIP: 000000000<br>LEI: 988400ZTQ08W926ONT36 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $198439.02    | 0.00%             | 2027-09-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                                   | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 69867DAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    590000 | PA      | $593223.25    | 0.01%             | 2027-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AIB GROUP PLC                                                              | AIB Group PLC                                                                    | CUSIP: 00135TAF1<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $203375.71    | 0.00%             | 2031-05-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| CENCORA INC                                                                | Cencora Inc                                                                      | CUSIP: 03073EAW5<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202101.25    | 0.00%             | 2029-12-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                       | Glencore Funding LLC                                                             | CUSIP: 378272BZ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254135.16    | 0.01%             | 2030-04-01      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                      | Toronto-Dominion Bank/The                                                        | CUSIP: 89114TZT2<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    444000 | PA      | $433081.72    | 0.01%             | 2027-03-10      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                                      | HUB International Ltd                                                            | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    165000 | PA      | $163788.34    | 0.00%             | 2029-12-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NORINCHUKIN BANK                                                           | Norinchukin Bank/The                                                             | CUSIP: 656029AL9<br>LEI: 5493007VSMFZCPV1NB83 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $203318.29    | 0.00%             | 2028-03-09      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| BELLRING BRANDS INC                                                        | BellRing Brands Inc                                                              | CUSIP: 07831CAA1<br>LEI: 549300S3BOK5CMTS8054 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103738.02    | 0.00%             | 2030-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LEND                                                    | Blackstone Secured Lending Fund                                                  | CUSIP: 09261XAD4<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |    210000 | PA      | $200885.64    | 0.00%             | 2027-02-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397B51<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    275000 | PA      | $258063.08    | 0.01%             | 2028-02-16      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME                                                     | Blue Owl Credit Income Corp                                                      | CUSIP: 69120VAM3<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68282.28     | 0.00%             | 2026-09-23      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CLB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6069000 | PA      | $6079668.15   | 0.14%             | 2026-07-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA                                                   | Cooperatieve Rabobank UA                                                         | CUSIP: 74977RDT8<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $257103.44    | 0.01%             | 2030-03-05      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CGB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19951562.60  | 0.45%             | 2029-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                    | BPCE SA                                                                          | CUSIP: 05571AAR6<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    370000 | PA      | $391257.75    | 0.01%             | 2029-10-19      | Fixed         | 6.71%                 | No            |                  2 | On Loan: No      |
| SIGNAL PARENT INC                                                          | Signal Parent Inc                                                                | CUSIP: 82666QAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $31637.71     | 0.00%             | 2029-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| JPN BANK FOR INT'L COOP                                                    | Japan Bank for International Cooperation                                         | CUSIP: 471048CX4<br>LEI: 549300TJ3QFYVCTSCJ29 | Long             | DBT              | NUSS              | JP        |   2010000 | PA      | $2039701.85   | 0.05%             | 2028-07-19      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY PENN ELECTRI                                                   | FirstEnergy Pennsylvania Electric Co                                             | CUSIP: 591894CE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $61070.15     | 0.00%             | 2028-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                          | HSBC Holdings PLC                                                                | CUSIP: 404280EQ8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    560000 | PA      | $563491.53    | 0.01%             | 2029-03-03      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                                                    | Asbury Automotive Group Inc                                                      | CUSIP: 043436AV6<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    210000 | PA      | $201740.29    | 0.00%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                             | Morgan Stanley                                                                   | CUSIP: 61761JZN2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    769000 | PA      | $762533.12    | 0.02%             | 2027-04-23      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK                                                   | Huntington National Bank/The                                                     | CUSIP: 44644MAF8<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |    275000 | PA      | $275118.01    | 0.01%             | 2028-05-17      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                                                        | Ashtead Capital Inc                                                              | CUSIP: 045054AJ2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196109.49    | 0.00%             | 2028-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                      | Tenet Healthcare Corp                                                            | CUSIP: 88033GDR8<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    380000 | PA      | $365501.61    | 0.01%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                                   | Sri Lanka Government International Bonds                                         | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    303590 | PA      | $274034.81    | 0.01%             | 2030-01-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| SEPCO VIRGIN LTD                                                           | Sepco Virgin Ltd                                                                 | CUSIP: 000000000<br>LEI: 549300QPKCSVLNE57D29 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $199999.93    | 0.00%             | 2029-07-21      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                                    | Inter-American Development Bank                                                  | CUSIP: 4581X0EV6<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    150000 | PA      | $148453.86    | 0.00%             | 2030-06-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| QATARENERGY LNG S3                                                         | Qatarenergy LNG S3                                                               | CUSIP: 75405UAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | QA        |     95125 | PA      | $96699.99     | 0.00%             | 2027-09-30      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| Baidu Inc                                                                  | Baidu Inc                                                                        | CUSIP: 056752AJ7<br>LEI: 254900AL64IANZYI1E02 | Long             | DBT              | CORP              | KY        |     80000 | PA      | $78777.88     | 0.00%             | 2027-07-06      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                                                     | Banque Federative du Credit Mutuel SA                                            | CUSIP: 06675DCE0<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    235000 | PA      | $236235.24    | 0.01%             | 2027-07-13      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AAR ESCROW ISSUER LLC                                                      | AAR Escrow Issuer LLC                                                            | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $179610.06    | 0.00%             | 2029-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                        | Southern California Edison Co                                                    | CUSIP: 842400HU0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202242.14    | 0.00%             | 2028-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                                        | Petroleos Mexicanos                                                              | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    500000 | PA      | $527255.45    | 0.01%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| TKC HOLDINGS INC                                                           | TKC Holdings Inc                                                                 | CUSIP: 87256YAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $205495.22    | 0.00%             | 2029-05-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY RES                                                     | CenterPoint Energy Resources Corp                                                | CUSIP: 15189WAL4<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84078.23     | 0.00%             | 2028-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                                                     | Morgan Stanley Bank NA                                                           | CUSIP: 61690U8E3<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504969.41    | 0.01%             | 2028-07-14      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| KOREA ELECTRIC POWER CO                                                    | Korea Electric Power Corp                                                        | CUSIP: 000000000<br>LEI: 988400QG33WS7JEIV602 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $198284.23    | 0.00%             | 2027-06-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| China Government International Bonds                                       | China Government International Bonds                                             | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $202403.47    | 0.00%             | 2027-11-20      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                                                           | LG Energy Solution Ltd                                                           | CUSIP: 000000000<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $201846.08    | 0.00%             | 2026-09-25      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ANYWHERE RE GRP/REALOGY                                                    | Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp                          | CUSIP: 75606DAV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $156508.39    | 0.00%             | 2030-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CHK0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16000000 | PA      | $16051250.08  | 0.36%             | 2028-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 3128MMZB2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    329140 | PA      | $319655.27    | 0.01%             | 2034-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                                                         | F&G Global Funding                                                               | CUSIP: 30321L2G6<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |    105000 | PA      | $107199.65    | 0.00%             | 2027-06-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132D56Q0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2594584 | PA      | $2371453.57   | 0.05%             | 2035-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                     | Philip Morris International Inc                                                  | CUSIP: 718172DR7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    185000 | PA      | $183763.56    | 0.00%             | 2028-04-28      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                                    | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $101178.89    | 0.00%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PATRICK INDUSTRIES INC                                                     | Patrick Industries Inc                                                           | CUSIP: 703343AD5<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96989.65     | 0.00%             | 2029-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                  | ONEOK Inc                                                                        | CUSIP: 682680BJ1<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257917.84    | 0.01%             | 2028-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                     | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822DG6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    320000 | PA      | $326505.89    | 0.01%             | 2031-01-16      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| TURK TELEKOMUNIKASYON AS                                                   | Turk Telekomunikasyon AS                                                         | CUSIP: 000000000<br>LEI: 789000A2TXOI10JZLF90 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $206134.85    | 0.00%             | 2029-05-20      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CFAMC II CO LTD                                                            | CFAMC II Co Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300BHVD63HE2GHX17 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $199827.57    | 0.00%             | 2026-11-22      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XEX0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202547.12    | 0.00%             | 2027-07-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                   | Mars Inc                                                                         | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    580000 | PA      | $580832.32    | 0.01%             | 2027-03-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| NEW MOUNTAIN FINANCE COR                                                   | New Mountain Finance Corp                                                        | CUSIP: 647551AF7<br>LEI: 549300L1MPTT1H7SES77 | Long             | DBT              | CORP              | US        |    105000 | PA      | $107333.39    | 0.00%             | 2029-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                     | Philip Morris International Inc                                                  | CUSIP: 718172CJ6<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    315000 | PA      | $302403.69    | 0.01%             | 2029-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                           | Bank of Montreal                                                                 | CUSIP: 06368LAQ9<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    310000 | PA      | $311907.23    | 0.01%             | 2027-09-14      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ZHONGYUAN ZHICHENG CO                                                      | Zhongyuan Zhicheng Co Ltd                                                        | CUSIP: 000000000<br>LEI: 300300EML582HGX8DB82 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $203478.69    | 0.00%             | 2027-06-20      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                 | Intel Corp                                                                       | CUSIP: 458140CE8<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    520000 | PA      | $523754.04    | 0.01%             | 2028-02-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CBQ FINANCE LTD                                                            | CBQ Finance Ltd                                                                  | CUSIP: 000000000<br>LEI: 213800FNEMX56U9OHK56 | Long             | DBT              | CORP              | BM        |    200000 | PA      | $204785.21    | 0.00%             | 2029-03-28      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GUARDIAN LIFE GLOB FUND                                                    | Guardian Life Global Funding                                                     | CUSIP: 40139LBF9<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |    330000 | PA      | $323860.69    | 0.01%             | 2027-03-29      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Cox Communications Inc                                                     | Cox Communications Inc                                                           | CUSIP: 224044CG0<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |    450000 | PA      | $443151.19    | 0.01%             | 2026-09-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                                   | Enterprise Products Operating LLC                                                | CUSIP: 29379VBV4<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    350000 | PA      | $333673.25    | 0.01%             | 2029-07-31      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                                                          | GXO Logistics Inc                                                                | CUSIP: 36262GAB7<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    150000 | PA      | $145769.76    | 0.00%             | 2026-07-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Adnoc Murban Rsc Ltd.                                                      | Adnoc Murban Rsc Ltd.                                                            | CUSIP: 000000000<br>LEI: 213800OWGH7RAYG61M70 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $198682.16    | 0.00%             | 2029-09-11      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ENTERGY CORP                                                               | Entergy Corp                                                                     | CUSIP: 29364GAN3<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    160000 | PA      | $149567.70    | 0.00%             | 2028-06-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                                                           | Coca-Cola Co/The                                                                 | CUSIP: 191216CR9<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    370000 | PA      | $365899.38    | 0.01%             | 2027-03-25      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                                                       | Kaiser Aluminum Corp                                                             | CUSIP: 483007AJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $166014.25    | 0.00%             | 2028-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                                                      | Huntington Bancshares Inc/OH                                                     | CUSIP: 446150BC7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    290000 | PA      | $303213.32    | 0.01%             | 2029-08-21      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                        | Southern California Edison Co                                                    | CUSIP: 842400HQ9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    190000 | PA      | $190051.64    | 0.00%             | 2027-06-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                                                   | Northwestern Mutual Global Funding                                               | CUSIP: 66815L2W8<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150737.85    | 0.00%             | 2030-06-03      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138Y9SR0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27719 | PA      | $26764.87     | 0.00%             | 2030-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BK/NY                                                   | National Australia Bank Ltd/New York                                             | CUSIP: 63253QAE4<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |    340000 | PA      | $346349.53    | 0.01%             | 2028-06-13      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Gaci First Investment Co.                                                  | Gaci First Investment Co.                                                        | CUSIP: 000000000<br>LEI: 558600TU1PWGNLZ3XM88 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $613029.04    | 0.01%             | 2030-01-29      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                     | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822BH6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    415000 | PA      | $406203.34    | 0.01%             | 2029-03-07      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                              | Citigroup Inc                                                                    | CUSIP: 172967PN5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    380000 | PA      | $385124.82    | 0.01%             | 2034-11-19      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MBC3<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $198020.90    | 0.00%             | 2028-07-19      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| WILLIAM CARTER                                                             | William Carter Co/The                                                            | CUSIP: 96926JAC1<br>LEI: TGI2A0HXEYNQPU7TYV27 | Long             | DBT              | CORP              | US        |    160000 | PA      | $158831.85    | 0.00%             | 2027-03-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                                        | Charles Schwab Corp/The                                                          | CUSIP: 808513BY0<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    519000 | PA      | $504150.66    | 0.01%             | 2027-03-03      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INC                                                      | Texas Instruments Inc                                                            | CUSIP: 882508CE2<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    115000 | PA      | $115685.26    | 0.00%             | 2027-02-08      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CHQ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19518000 | PA      | $19650661.50  | 0.44%             | 2028-07-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3133GFCG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1260338 | PA      | $1147416.69   | 0.03%             | 2036-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SECURITY BANK CORP                                                         | Security Bank Corp                                                               | CUSIP: 000000000<br>LEI: 549300JSVDZIR2CPTP95 | Long             | DBT              | CORP              | PH        |    200000 | PA      | $204977.45    | 0.00%             | 2029-05-14      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                                      | HUB International Ltd                                                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    980000 | PA      | $1022084.81   | 0.02%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc                                                          | Iron Mountain Inc                                                                | CUSIP: 46284VAC5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    310000 | PA      | $307690.08    | 0.01%             | 2027-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                                          | Johnson & Johnson                                                                | CUSIP: 478160AJ3<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    155000 | PA      | $171933.91    | 0.00%             | 2029-09-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                   | Capital One Financial Corp                                                       | CUSIP: 14040HDB8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    305000 | PA      | $314096.83    | 0.01%             | 2027-10-29      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| SHENWAN HNGYUAN INTL FIN                                                   | Shenwan Hongyuan International Finance Ltd                                       | CUSIP: 000000000<br>LEI: 655600HI7E64512O6T76 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $194622.81    | 0.00%             | 2026-07-14      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                        | Sirius XM Radio LLC                                                              | CUSIP: 82967NBA5<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    480000 | PA      | $474717.75    | 0.01%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN MIGUEL GLOBAL POWER                                                    | San Miguel Global Power Holdings Corp                                            | CUSIP: 000000000<br>LEI: 549300HBCE80QXKII590 | Long             | DBT              | CORP              | PH        |    200000 | PA      | $193578.41    | 0.00%             | 2026-12-09      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                                                   | Corebridge Financial Inc                                                         | CUSIP: 21871XAD1<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    540000 | PA      | $531904.84    | 0.01%             | 2027-04-05      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                                          | Ares Capital Corp                                                                | CUSIP: 04010LBF9<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    295000 | PA      | $301676.50    | 0.01%             | 2029-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA                                                   | Export-Import Bank of Korea                                                      | CUSIP: 302154EJ4<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $201589.44    | 0.00%             | 2028-01-14      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                         | Realty Income Corp                                                               | CUSIP: 756109CB8<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |    170000 | PA      | $167137.08    | 0.00%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INVERSIONES CMPC SA                                                        | Inversiones CMPC SA                                                              | CUSIP: 000000000<br>LEI: 549300G475ACIABB4385 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $198477.40    | 0.00%             | 2027-04-04      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                                                     | Marriott International Inc/MD                                                    | CUSIP: 571903BR3<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120727.07    | 0.00%             | 2030-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                                           | Hewlett Packard Enterprise Co                                                    | CUSIP: 42824CBR9<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299774.49    | 0.01%             | 2026-09-25      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                | Prologis LP                                                                      | CUSIP: 74340XCG4<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |    180000 | PA      | $182821.83    | 0.00%             | 2028-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CORECIVIC INC                                                              | CoreCivic Inc                                                                    | CUSIP: 21871NAC5<br>LEI: 529900JFA3K6PTLT8B15 | Long             | DBT              | CORP              | US        |    160000 | PA      | $169273.44    | 0.00%             | 2029-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                                                      | Blue Owl Capital Corp                                                            | CUSIP: 69121KAH7<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    315000 | PA      | $315636.59    | 0.01%             | 2029-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Corp. Nacional del Cobre de Chile                                          | Corp. Nacional del Cobre de Chile                                                | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $185977.21    | 0.00%             | 2030-01-14      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Asian Development Bank                                                     | Asian Development Bank                                                           | CUSIP: 045167DR1<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |     85000 | PA      | $82920.10     | 0.00%             | 2026-08-14      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                                                         | Vodafone Group PLC                                                               | CUSIP: 92857WBV1<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $244684.95    | 0.01%             | 2081-06-04      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                                        | Kinetik Holdings LP                                                              | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    305000 | PA      | $311424.16    | 0.01%             | 2028-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV                                                   | Asian Infrastructure Investment Bank/The                                         | CUSIP: 04522KAL0<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |   1305000 | PA      | $1311727.33   | 0.03%             | 2029-01-18      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                                     | Blackstone Private Credit Fund                                                   | CUSIP: 09261HBS5<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99066.42     | 0.00%             | 2030-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                                                    | GA Global Funding Trust                                                          | CUSIP: 36143L2G9<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    300000 | PA      | $289794.87    | 0.01%             | 2027-01-06      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| TC PipeLines LP                                                            | TC PipeLines LP                                                                  | CUSIP: 87233QAC2<br>LEI: 6HL0C5LCIE4TN8UZHL06 | Long             | DBT              | CORP              | US        |    123000 | PA      | $121587.66    | 0.00%             | 2027-05-25      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                                       | Westpac Banking Corp                                                             | CUSIP: 961214EF6<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    350000 | PA      | $338399.16    | 0.01%             | 2034-07-24      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| RELIANCE STAND LIFE II                                                     | Reliance Standard Life Global Funding II                                         | CUSIP: 75951AAN8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $82046.86     | 0.00%             | 2027-01-21      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                    | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GWB6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    919000 | PA      | $911567.28    | 0.02%             | 2027-01-26      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                                                                | Paychex Inc                                                                      | CUSIP: 704326AA5<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |    470000 | PA      | $480153.32    | 0.01%             | 2030-04-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CHINA MERCHANTS BANK/LUX                                                   | China Merchants Bank Co Ltd/Luxembourg Branch                                    | CUSIP: 000000000<br>LEI: 549300L51ZEIQOS58R74 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $193192.55    | 0.00%             | 2026-09-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Ecolab Inc                                                                 | Ecolab Inc                                                                       | CUSIP: 278865BD1<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24428.38     | 0.00%             | 2027-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| M/I HOMES INC                                                              | M/I Homes Inc                                                                    | CUSIP: 55305BAS0<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |    152000 | PA      | $150608.59    | 0.00%             | 2028-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MEITUAN                                                                    | Meituan                                                                          | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $398894.92    | 0.01%             | 2029-10-02      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| HUZHOU CITY INV DEV GP                                                     | Huzhou City Investment Development Group Co Ltd                                  | CUSIP: 000000000<br>LEI: 300300F9FDCTGIGJG647 | Long             | DBT              | CORP              | CN        |    400000 | PA      | $398369.27    | 0.01%             | 2027-12-05      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| RENESAS ELECTRONICS CORP                                                   | Renesas Electronics Corp                                                         | CUSIP: 75972BAB7<br>LEI: 5299000EPC47VJQOFB81 | Long             | DBT              | CORP              | JP        |    280000 | PA      | $270564.52    | 0.01%             | 2026-11-25      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                             | Amazon.com Inc                                                                   | CUSIP: 023135CG9<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    420000 | PA      | $410343.47    | 0.01%             | 2029-04-13      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| VOC Escrow Ltd                                                             | VOC Escrow Ltd                                                                   | CUSIP: 91832VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    220000 | PA      | $217937.81    | 0.00%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHINA LIFE INSU OVERS/HK                                                   | China Life Insurance Overseas Co Ltd/Hong Kong                                   | CUSIP: 000000000<br>LEI: 254900GB3V5T9KMKQT53 | Long             | DBT              | CORP              | CN        |    600000 | PA      | $611894.01    | 0.01%             | 2033-08-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                                                | Exelon Corp                                                                      | CUSIP: 30161NBJ9<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    275000 | PA      | $279665.66    | 0.01%             | 2028-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SIB SUKUK CO III LTD                                                       | SIB Sukuk Co III Ltd                                                             | CUSIP: 000000000<br>LEI: 549300VEBV0EQP2FCP08 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $202701.61    | 0.00%             | 2030-02-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ALLSTATE CORP                                                              | Allstate Corp/The                                                                | CUSIP: 020002BD2<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122971.79    | 0.00%             | 2026-12-15      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BK THAILND                                                   | Export Import Bank of Thailand                                                   | CUSIP: 000000000<br>LEI: 549300ITFBNFH0H6FK36 | Long             | DBT              | NUSS              | TH        |    200000 | PA      | $205591.83    | 0.00%             | 2029-05-16      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                                                       | Lockheed Martin Corp                                                             | CUSIP: 539830BZ1<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    180000 | PA      | $181032.33    | 0.00%             | 2028-05-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Leggett & Platt Inc                                                        | Leggett & Platt Inc                                                              | CUSIP: 524660AZ0<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | DBT              | CORP              | US        |    155000 | PA      | $151348.67    | 0.00%             | 2029-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Lear Corp                                                                  | Lear Corp                                                                        | CUSIP: 521865BA2<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | DBT              | CORP              | US        |    145000 | PA      | $142370.52    | 0.00%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PT PERTAMINA (PERSERO)                                                     | Pertamina Persero PT                                                             | CUSIP: 69370RAD9<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $192639.85    | 0.00%             | 2029-07-30      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                                                   | Principal Life Global Funding II                                                 | CUSIP: 74256LFA2<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150411.55    | 0.00%             | 2027-08-19      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                                                   | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                        | CUSIP: 71568QAC1<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |    600000 | PA      | $594668.45    | 0.01%             | 2027-05-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| State of Israel                                                            | Israel Government International Bond                                             | CUSIP: 46513YJH2<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    600000 | PA      | $579164.19    | 0.01%             | 2028-01-17      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Republic of El Salvador                                                    | El Salvador Government International Bond                                        | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    150000 | PA      | $155787.85    | 0.00%             | 2029-02-28      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| Bombardier Inc                                                             | Bombardier Inc                                                                   | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     57000 | PA      | $57183.73     | 0.00%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BLUE OWL TECHNOLOGY FIN                                                    | Blue Owl Technology Finance Corp II                                              | CUSIP: 69121JAB3<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |    235000 | PA      | $240604.85    | 0.01%             | 2029-04-04      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                    | HCA Inc                                                                          | CUSIP: 404119CZ0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    240000 | PA      | $245084.04    | 0.01%             | 2030-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KOREA DEVELOPMENT BANK                                                     | Korea Development Bank/The                                                       | CUSIP: 500630ED6<br>LEI: 549300ML2LNRZUCS7149 | Long             | DBT              | NUSS              | KR        |    600000 | PA      | $604666.85    | 0.01%             | 2029-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CNL1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3372000 | PA      | $3359486.71   | 0.08%             | 2027-06-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ADTALEM GLOBAL EDUCATION                                                   | Adtalem Global Education Inc                                                     | CUSIP: 00737WAA7<br>LEI: 549300Z467EZLMODV621 | Long             | DBT              | CORP              | US        |    121000 | PA      | $119531.34    | 0.00%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BK AUSTR NY                                                   | Commonwealth Bank of Australia/New York NY                                       | CUSIP: 20271RAU4<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |    250000 | PA      | $251031.48    | 0.01%             | 2026-11-27      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                                   | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 74841CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $212596.22    | 0.00%             | 2029-03-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                   | Toyota Motor Credit Corp                                                         | CUSIP: 89236TKD6<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    260000 | PA      | $260718.27    | 0.01%             | 2029-06-29      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                                                            | DTE Electric Co                                                                  | CUSIP: 23338VAN6<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |     45000 | PA      | $42338.92     | 0.00%             | 2028-04-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                                              | Parkland Corp                                                                    | CUSIP: 70137WAG3<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $231098.05    | 0.01%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL                                                   | Jackson National Life Global Funding                                             | CUSIP: 46849LVE8<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154187.77    | 0.00%             | 2030-01-13      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| MATTAMY GROUP CORP                                                         | Mattamy Group Corp                                                               | CUSIP: 57701RAM4<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |    170000 | PA      | $163076.60    | 0.00%             | 2030-03-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CKG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30000000 | PA      | $30217968.90  | 0.68%             | 2029-03-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                     | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KBW9<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    465000 | PA      | $434718.32    | 0.01%             | 2028-06-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                                   | Performance Food Group Inc                                                       | CUSIP: 69346VAA7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    325000 | PA      | $324671.92    | 0.01%             | 2027-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 3128MMSA2<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     54848 | PA      | $53691.81     | 0.00%             | 2029-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                                                  | Apple Inc                                                                        | CUSIP: 037833DB3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    320000 | PA      | $312579.53    | 0.01%             | 2027-09-12      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| HELMERICH & PAYNE INC                                                      | Helmerich & Payne Inc                                                            | CUSIP: 423452AL5<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | DBT              | CORP              | US        |    105000 | PA      | $103900.34    | 0.00%             | 2027-12-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: —       |
| PHILIP MORRIS INTL INC                                                     | Philip Morris International Inc                                                  | CUSIP: 718172DG1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    330000 | PA      | $334296.46    | 0.01%             | 2029-02-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                           | Crown Castle Inc                                                                 | CUSIP: 22822VAZ4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    297000 | PA      | $289054.91    | 0.01%             | 2027-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| EMIRATES NBD BANK PJSC                                                     | Emirates NBD Bank PJSC                                                           | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $203146.88    | 0.00%             | 2029-01-31      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CLS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12876000 | PA      | $12874491.06  | 0.29%             | 2026-10-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                                                   | Cheniere Energy Partners LP                                                      | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    475000 | PA      | $469996.53    | 0.01%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Southwest Airlines Co                                                      | Southwest Airlines Co                                                            | CUSIP: 844741BE7<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14569.30     | 0.00%             | 2027-11-16      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                           | Deutsche Bank AG/New York NY                                                     | CUSIP: 25160PAN7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    315000 | PA      | $321979.98    | 0.01%             | 2027-07-13      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140QHQ57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1295778 | PA      | $1179852.58   | 0.03%             | 2036-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ERP Operating LP                                                           | ERP Operating LP                                                                 | CUSIP: 26884ABF9<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              |  | US        |    145000 | PA      | $142211.38    | 0.00%             | 2026-11-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                                           | MGM Resorts International                                                        | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253649.47    | 0.01%             | 2029-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD                                                   | Alimentation Couche-Tard Inc                                                     | CUSIP: 01626PAM8<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | CA        |    230000 | PA      | $214528.26    | 0.00%             | 2030-01-25      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                                                 | Humana Inc                                                                       | CUSIP: 444859BT8<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    250000 | PA      | $242119.58    | 0.01%             | 2029-03-23      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| KROGER CO                                                                  | Kroger Co/The                                                                    | CUSIP: 501044DJ7<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24693.80     | 0.00%             | 2027-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| SWEDISH EXPORT CREDIT                                                      | Svensk Exportkredit AB                                                           | CUSIP: 87031CAL7<br>LEI: 1FOLRR5RWTWWI397R131 | Long             | DBT              | NUSS              | SE        |    485000 | PA      | $486390.62    | 0.01%             | 2028-06-14      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BOCOM LEASING MGMT                                                         | Bocom Leasing Management Hong Kong Co Ltd                                        | CUSIP: 000000000<br>LEI: 549300VK5E35PN5ZZX74 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $201481.41    | 0.00%             | 2027-06-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MGIC INVESTMENT CORP                                                       | MGIC Investment Corp                                                             | CUSIP: 552848AG8<br>LEI: 254900S8483WM4M98R28 | Long             | DBT              | CORP              | US        |    275000 | PA      | $274687.74    | 0.01%             | 2028-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PT PERTAMINA (PERSERO)                                                     | Pertamina Persero PT                                                             | CUSIP: 69370RAF4<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $186835.74    | 0.00%             | 2030-01-21      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                   | Lloyds Banking Group PLC                                                         | CUSIP: 539439BD0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $201189.97    | 0.00%             | 2029-06-13      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                                      | Brazil Government International Bonds                                            | CUSIP: 105756BZ2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1000000 | PA      | $995976.92    | 0.02%             | 2028-01-13      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                                               | CaixaBank SA                                                                     | CUSIP: 12803RAK0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $199752.62    | 0.00%             | 2029-07-03      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                     | Bank of New York Mellon Corp/The                                                 | CUSIP: 06406RBN6<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301322.77    | 0.01%             | 2029-02-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                                                | Nutrien Ltd                                                                      | CUSIP: 67077MBE7<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $124974.41    | 0.00%             | 2027-03-12      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                                                   | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAA7<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149273.36    | 0.00%             | 2028-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BAPCO ENERGIES BSCC                                                        | Bapco Energies BSC Closed                                                        | CUSIP: 000000000<br>LEI: 549300OBH16L6TS6IW50 | Long             | DBT              | CORP              | BH        |    200000 | PA      | $212497.38    | 0.00%             | 2028-11-07      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ACY1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127192.66    | 0.00%             | 2029-03-19      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP                                                      | Freedom Mortgage Corp                                                            | CUSIP: 35640YAJ6<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    180000 | PA      | $180072.48    | 0.00%             | 2027-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CFZ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19180000 | PA      | $19163517.28  | 0.43%             | 2027-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ENCINO ACQUISITION PARTN                                                   | Encino Acquisition Partners Holdings LLC                                         | CUSIP: 29254BAA5<br>LEI: 549300BUKUEKT2UE4T49 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255312.50    | 0.01%             | 2028-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                                          | Kinder Morgan Inc                                                                | CUSIP: 49456BAP6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    480000 | PA      | $478561.58    | 0.01%             | 2028-03-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132A8TN9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    884555 | PA      | $864921.81    | 0.02%             | 2030-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                           | T-Mobile USA Inc                                                                 | CUSIP: 87264ACZ6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    425000 | PA      | $430199.73    | 0.01%             | 2028-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MAIN STREET CAPITAL CORP                                                   | Main Street Capital Corp                                                         | CUSIP: 56035LAE4<br>LEI: 5493001FS9QJLJNF3E20 | Long             | DBT              | CORP              | US        |    232000 | PA      | $227719.22    | 0.01%             | 2026-07-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                                     | Egypt Government International Bond                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    400000 | PA      | $398666.26    | 0.01%             | 2028-02-21      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138MFPY7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11202 | PA      | $11020.17     | 0.00%             | 2027-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                                                         | Leviathan Bond Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |    200000 | PA      | $197517.47    | 0.00%             | 2030-06-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                                          | Kinder Morgan Inc                                                                | CUSIP: 49456BAU5<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193111.85    | 0.00%             | 2026-11-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC                                                       | Howmet Aerospace Inc                                                             | CUSIP: 022249AU0<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |    155000 | PA      | $162831.64    | 0.00%             | 2028-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132CWP99<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2325978 | PA      | $2139978.52   | 0.05%             | 2035-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CLEAN HARBORS INC                                                          | Clean Harbors Inc                                                                | CUSIP: 184496AP2<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4912.79      | 0.00%             | 2029-07-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC CO                                                          | Union Electric Co                                                                | CUSIP: 906548CR1<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |    150000 | PA      | $140724.67    | 0.00%             | 2030-03-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                                            | BAE Systems PLC                                                                  | CUSIP: 05523RAH0<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    205000 | PA      | $206839.96    | 0.00%             | 2027-03-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| QATARENERGY LNG S3                                                         | Qatarenergy LNG S3                                                               | CUSIP: 75405UAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | QA        |    117400 | PA      | $119272.00    | 0.00%             | 2027-09-30      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA                                                   | Export-Import Bank of Korea                                                      | CUSIP: 302154EA3<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $200842.10    | 0.00%             | 2027-01-11      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                                     | Comstock Resources Inc                                                           | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    375000 | PA      | $371782.80    | 0.01%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                                           | MGM Resorts International                                                        | CUSIP: 552953CF6<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    219000 | PA      | $219765.96    | 0.00%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46625HNJ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    185000 | PA      | $185149.67    | 0.00%             | 2027-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC                                                               | HSBC USA Inc                                                                     | CUSIP: 40428HR95<br>LEI: 549300LBOHZ4QSIWU288 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200937.41    | 0.00%             | 2028-06-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                                           | UWM Holdings LLC                                                                 | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $225242.53    | 0.01%             | 2030-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CKA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14809000 | PA      | $14829246.72  | 0.33%             | 2027-02-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                    | BPCE SA                                                                          | CUSIP: 05583JAK8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    320000 | PA      | $309641.76    | 0.01%             | 2027-10-19      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| MidAmerican Energy Co                                                      | MidAmerican Energy Co                                                            | CUSIP: 595620AQ8<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    105000 | PA      | $103016.67    | 0.00%             | 2027-05-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                                     | Diamondback Energy Inc                                                           | CUSIP: 25278XAY5<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254578.66    | 0.01%             | 2030-01-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CFT3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $20053125.00  | 0.45%             | 2029-10-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WELLTEC INTERNATIONAL                                                      | Welltec International ApS                                                        | CUSIP: 95039LAA6<br>LEI: 549300MW4UJ1X7Q4F350 | Long             | DBT              | CORP              | DK        |     70000 | PA      | $69983.36     | 0.00%             | 2026-10-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Highwoods Realty LP                                                        | Highwoods Realty LP                                                              | CUSIP: 431282AR3<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              |  | US        |    105000 | PA      | $101939.12    | 0.00%             | 2029-04-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CK HUTCHISON INTL 19 II                                                    | CK Hutchison International 19 II Ltd                                             | CUSIP: 12563DAA3<br>LEI: 2549000ZHWNMHC09DR77 | Long             | DBT              | CORP              | KY        |     30000 | PA      | $28026.30     | 0.00%             | 2029-09-06      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Park-Ohio Industries Inc                                                   | Park-Ohio Industries Inc                                                         | CUSIP: 700677AR8<br>LEI: 5493006LQUO5SLMNYM18 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110019.36    | 0.00%             | 2027-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                                     | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $146276.81    | 0.00%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 912828X88<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21450000 | PA      | $20858449.33  | 0.47%             | 2027-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                              | Citigroup Inc                                                                    | CUSIP: 172967KU4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    195000 | PA      | $193334.39    | 0.00%             | 2028-07-25      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                                    | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $243023.50    | 0.01%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Transelec SA                                                               | Transelec SA                                                                     | CUSIP: 89366LAE4<br>LEI: 549300DPF7MAL5F6CR86 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $193624.93    | 0.00%             | 2029-01-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                                     | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    200000 | PA      | $200202.30    | 0.00%             | 2027-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PBE5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1080187.57   | 0.02%             | 2030-10-15      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| Church & Dwight Co Inc                                                     | Church & Dwight Co Inc                                                           | CUSIP: 171340AN2<br>LEI: POOXSI30AWAQGYJZC921 | Long             | DBT              | CORP              | US        |    245000 | PA      | $239565.55    | 0.01%             | 2027-08-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| COLGATE-PALMOLIVE CO                                                       | Colgate-Palmolive Co                                                             | CUSIP: 194162AR4<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101208.95    | 0.00%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                                                   | Citizens Financial Group Inc                                                     | CUSIP: 174610AT2<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    200000 | PA      | $186906.36    | 0.00%             | 2030-04-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                                           | CSC Holdings LLC                                                                 | CUSIP: 126307AY3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    310000 | PA      | $250812.61    | 0.01%             | 2028-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                          | HSBC Holdings PLC                                                                | CUSIP: 404280ER6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    410000 | PA      | $415308.57    | 0.01%             | 2031-03-03      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                        | American Tower Corp                                                              | CUSIP: 03027XBV1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    257000 | PA      | $253343.81    | 0.01%             | 2027-03-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                                                    | Morgan Stanley Private Bank NA                                                   | CUSIP: 61776NVE0<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |    785000 | PA      | $784489.54    | 0.02%             | 2028-07-06      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| ATLANTICA SUSTAIN INFRA                                                    | Atlantica Sustainable Infrastructure Ltd                                         | CUSIP: 04916WAA2<br>LEI: 549300ITBBGKJ651R879 | Long             | DBT              | CORP              | GB        |    125000 | PA      | $120692.61    | 0.00%             | 2028-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ANTARES HOLDINGS                                                           | Antares Holdings LP                                                              | CUSIP: 03666HAF8<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |    260000 | PA      | $273990.60    | 0.01%             | 2028-08-11      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                   | AT&T Inc                                                                         | CUSIP: 00206RHW5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    235000 | PA      | $232774.13    | 0.01%             | 2027-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV                                                   | Asian Infrastructure Investment Bank/The                                         | CUSIP: 04522KAH9<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |    205000 | PA      | $204073.98    | 0.00%             | 2027-09-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                                   | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    305000 | PA      | $313325.28    | 0.01%             | 2030-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OCEANEERING INTL INC                                                       | Oceaneering International Inc                                                    | CUSIP: 675232AB8<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100715.00    | 0.00%             | 2028-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Trinidad & Tobago Government International Bonds                           | Trinidad & Tobago Government International Bonds                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |    400000 | PA      | $393998.85    | 0.01%             | 2026-08-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                | BNP Paribas SA                                                                   | CUSIP: 05581KAH4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    565000 | PA      | $575159.43    | 0.01%             | 2030-01-09      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                        | American Express Co                                                              | CUSIP: 025816CP2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    575000 | PA      | $565093.15    | 0.01%             | 2027-05-03      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| KOOKMIN BANK                                                               | Kookmin Bank                                                                     | CUSIP: 000000000<br>LEI: 549300XXMOJSIW8P4769 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $198309.41    | 0.00%             | 2029-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MOLEX ELECTRONICS TECH                                                     | Molex Electronic Technologies LLC                                                | CUSIP: 60856BAE4<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75059.13     | 0.00%             | 2028-04-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                               | Enbridge Inc                                                                     | CUSIP: 29250NCH6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $100384.50    | 0.00%             | 2028-06-20      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                                     | BP Capital Markets America Inc                                                   | CUSIP: 10373QAE0<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    619000 | PA      | $616922.46    | 0.01%             | 2028-11-06      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                             | Amazon.com Inc                                                                   | CUSIP: 023135CF1<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    763000 | PA      | $752363.69    | 0.02%             | 2027-04-13      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                                            | AstraZeneca PLC                                                                  | CUSIP: 046353AT5<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |    305000 | PA      | $302073.33    | 0.01%             | 2029-01-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| H.B. FULLER CO                                                             | HB Fuller Co                                                                     | CUSIP: 40410KAA3<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |     90000 | PA      | $86877.23     | 0.00%             | 2028-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OAKTREE SPECIALTY LEND                                                     | Oaktree Specialty Lending Corp                                                   | CUSIP: 67401PAC2<br>LEI: 549300J6MGCEU5928620 | Long             | DBT              | CORP              | US        |    130000 | PA      | $124998.66    | 0.00%             | 2027-01-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| BOISE CASCADE COMPANY                                                      | Boise Cascade Co                                                                 | CUSIP: 09739DAD2<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | DBT              | CORP              | US        |    120000 | PA      | $116482.64    | 0.00%             | 2030-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE BANK NA                                                    | JPMorgan Chase Bank NA                                                           | CUSIP: 48125LRU8<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504720.59    | 0.01%             | 2026-12-08      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| NIKE INC                                                                   | NIKE Inc                                                                         | CUSIP: 654106AK9<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | DBT              | CORP              | US        |    440000 | PA      | $413154.50    | 0.01%             | 2030-03-27      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46625HRX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    355000 | PA      | $349248.82    | 0.01%             | 2027-12-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| TC ZIRAAT BANKASI AS                                                       | TC Ziraat Bankasi AS                                                             | CUSIP: 000000000<br>LEI: 213800K5KTZFSUS8MR51 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $208172.76    | 0.00%             | 2034-08-02      | Fixed         | 8.99%                 | No            |                  2 | On Loan: No      |
| PROG HOLDINGS INC                                                          | PROG Holdings Inc                                                                | CUSIP: 74319RAA9<br>LEI: 549300DHYTLBOVRXIG52 | Long             | DBT              | CORP              | US        |    175000 | PA      | $168922.19    | 0.00%             | 2029-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SHRIRAM FINANCE LTD                                                        | Shriram Finance Ltd                                                              | CUSIP: 000000000<br>LEI: 335800TM2YO24B76XL26 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $203286.84    | 0.00%             | 2027-04-22      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                                   | CHS/Community Health Systems Inc                                                 | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    450000 | PA      | $393788.40    | 0.01%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                                                         | F&G Global Funding                                                               | CUSIP: 30321L2C5<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |     80000 | PA      | $73399.23     | 0.00%             | 2028-09-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                      | Truist Financial Corp                                                            | CUSIP: 89788MAE2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    315000 | PA      | $293152.68    | 0.01%             | 2029-06-07      | Fixed         | 1.89%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                            | CSAIL 2019-C18 Commercial Mortgage Trust                                         | CUSIP: 12597DAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    710000 | PA      | $662652.98    | 0.01%             | 2052-12-15      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                                        | Dominion Energy Inc                                                              | CUSIP: 25746UDT3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    250000 | PA      | $261510.44    | 0.01%             | 2055-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY                                                    | Cooperatieve Rabobank UA/NY                                                      | CUSIP: 21688ABK7<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    265000 | PA      | $269274.69    | 0.01%             | 2028-01-21      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                                              | ZF North America Capital Inc                                                     | CUSIP: 98877DAD7<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    180000 | PA      | $179206.10    | 0.00%             | 2028-04-14      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                                                               | AutoZone Inc                                                                     | CUSIP: 053332BE1<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125638.29    | 0.00%             | 2026-07-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY DIRECT                                                      | Morgan Stanley Direct Lending Fund                                               | CUSIP: 61774AAG8<br>LEI: 549300QEX22T2J8IB029 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75430.96     | 0.00%             | 2030-05-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHENGDU COMM INVST GROUP                                                   | Chengdu Communications Investment Group Co Ltd                                   | CUSIP: 000000000<br>LEI: 5493004CBNAV0VR4W243 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $200238.75    | 0.00%             | 2027-12-13      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ESSENT GROUP LTD                                                           | Essent Group Ltd                                                                 | CUSIP: 29669JAA7<br>LEI: 254900QUO860OUT6ZF83 | Long             | DBT              | CORP              | BM        |    145000 | PA      | $150329.11    | 0.00%             | 2029-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SHIRE ACQ INV IRELAND DA                                                   | Shire Acquisitions Investments Ireland DAC                                       | CUSIP: 82481LAD1<br>LEI: 549300XK5HGW68R8K327 | Long             | DBT              | CORP              | IE        |    421000 | PA      | $415050.74    | 0.01%             | 2026-09-23      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                          | HSBC Holdings PLC                                                                | CUSIP: 404280DU0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    705000 | PA      | $730787.02    | 0.02%             | 2029-03-09      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD CT                                                         | UBS AG/Stamford CT                                                               | CUSIP: 22550L2G5<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |    547000 | PA      | $530050.18    | 0.01%             | 2026-08-07      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| GRUBHUB HOLDINGS INC                                                       | GrubHub Holdings Inc                                                             | CUSIP: 40010PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $166345.08    | 0.00%             | 2027-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| HONG KONG                                                                  | Hong Kong Government International Bond                                          | CUSIP: 43858AAP5<br>LEI: 549300DSMAD69T7GGN13 | Long             | DBT              | NUSS              | HK        |    400000 | PA      | $401927.20    | 0.01%             | 2027-07-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| TENNESSEE GAS PIPELINE                                                     | Tennessee Gas Pipeline Co LLC                                                    | CUSIP: 880451AV1<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |     30000 | PA      | $32073.04     | 0.00%             | 2028-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                             | Bombardier Inc                                                                   | CUSIP: 097751BX8<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $251066.90    | 0.01%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                                                        | Bangkok Bank PCL/Hong Kong                                                       | CUSIP: 000000000<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |    200000 | PA      | $198645.27    | 0.00%             | 2028-09-19      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                                                   | Charles River Laboratories International Inc                                     | CUSIP: 159864AG2<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    160000 | PA      | $150560.82    | 0.00%             | 2029-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BMW FINANCE NV                                                             | BMW Finance NV                                                                   | CUSIP: 05600LAC0<br>LEI: 5299006ZHG3IXU0PNJ56 | Long             | DBT              | CORP              | NL        |    230000 | PA      | $215493.94    | 0.00%             | 2029-08-14      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| XHR LP                                                                     | XHR LP                                                                           | CUSIP: 98372MAC9<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              |  | US        |    150000 | PA      | $144947.93    | 0.00%             | 2029-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                                                             | Solventum Corp                                                                   | CUSIP: 83444MAP6<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    475000 | PA      | $488680.17    | 0.01%             | 2029-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                       | OneMain Finance Corp                                                             | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    255000 | PA      | $248819.84    | 0.01%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                                                   | Eagle Funding Luxco Sarl                                                         | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |   1500000 | PA      | $1510043.03   | 0.03%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLP POWER HK FINANCE LTD                                                   | CLP Power HK Finance Ltd                                                         | CUSIP: 000000000<br>LEI: 254900V6QHCRGVD95V85 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $204527.26    | 0.00%             | 2030-04-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CCBL CAYMAN 1 CORP                                                         | CCBL Cayman 1 Corp Ltd                                                           | CUSIP: 000000000<br>LEI: 549300PPQILFPZT13E12 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $193568.87    | 0.00%             | 2026-09-15      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PBD7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    803000 | PA      | $780495.11    | 0.02%             | 2030-05-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                          | Newell Brands Inc                                                                | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    225000 | PA      | $218701.72    | 0.00%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CKE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23921000 | PA      | $24009769.40  | 0.54%             | 2027-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AGENCE FRANCAISE DEVELOP                                                   | Agence Francaise de Developpement EPIC                                           | CUSIP: 000000000<br>LEI: 9695008K5N8MKIT4XJ91 | Long             | DBT              | NUSS              | FR        |    200000 | PA      | $198841.96    | 0.00%             | 2027-06-15      | Fixed         | 4.00%                 | 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        |    375000 | PA      | $352823.23    | 0.01%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| WARNERMEDIA HOLDINGS INC                                                   | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    480000 | PA      | $451621.79    | 0.01%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| LANDWIRTSCH. RENTENBANK                                                    | Landwirtschaftliche Rentenbank                                                   | CUSIP: 515110CG7<br>LEI: 529900Z3J0N6S0F7CT25 | Long             | DBT              | CORP              | DE        |    130000 | PA      | $130874.75    | 0.00%             | 2030-05-28      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                                                     | UnitedHealth Group Inc                                                           | CUSIP: 91324PDP4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122789.17    | 0.00%             | 2028-12-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                  | Amgen Inc                                                                        | CUSIP: 031162CU2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    380000 | PA      | $347236.77    | 0.01%             | 2030-02-21      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                            | CVS Health Corp                                                                  | CUSIP: 126650BJ8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102922.80    | 0.00%             | 2027-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Hasbro Inc                                                                 | Hasbro Inc                                                                       | CUSIP: 418056AV9<br>LEI: 549300NUB6D2R1ITYR45 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19576.99     | 0.00%             | 2027-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                                                   | Aptiv Swiss Holdings Ltd                                                         | CUSIP: 03837AAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |     50000 | PA      | $50313.25     | 0.00%             | 2054-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BANCO NACIONAL COM EXT                                                     | Banco Nacional de Comercio Exterior SNC/Cayman Islands                           | CUSIP: 000000000<br>LEI: 4469000001BL6VG3DH44 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $191871.79    | 0.00%             | 2031-08-11      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| ACCENTURE CAPITAL INC                                                      | Accenture Capital Inc                                                            | CUSIP: 00440KAB9<br>LEI: 254900FRO0P7RIINYT25 | Long             | DBT              | CORP              | US        |    375000 | PA      | $370615.50    | 0.01%             | 2029-10-04      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                      | Level 3 Financing Inc                                                            | CUSIP: 527298BR3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    115000 | PA      | $104777.30    | 0.00%             | 2028-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CHINA CINDA FINANCE 2017                                                   | China Cinda Finance 2017 I Ltd                                                   | CUSIP: 000000000<br>LEI: 549300FRGSV52FLG5T09 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $200413.12    | 0.00%             | 2029-02-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INC                                                      | Texas Instruments Inc                                                            | CUSIP: 882508BK9<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    205000 | PA      | $198182.78    | 0.00%             | 2026-09-15      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| MEIJI YASUDA LIFE INSURA                                                   | Meiji Yasuda Life Insurance Co                                                   | CUSIP: 585270AC5<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |    360000 | PA      | $358560.95    | 0.01%             | 2048-04-26      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                                               | Enbridge Inc                                                                     | CUSIP: 29250NAR6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    160000 | PA      | $157606.17    | 0.00%             | 2027-07-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                      | Wells Fargo Commercial Mortgage Trust 2025-5C3                                   | CUSIP: 95004JAH7<br>LEI: 54930012YCNUERXJ1I74 | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $504962.39    | 0.01%             | 2058-01-15      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PAR7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    690000 | PA      | $681838.02    | 0.02%             | 2029-04-23      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| BWX TECHNOLOGIES INC                                                       | BWX Technologies Inc                                                             | CUSIP: 05605HAB6<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |    125000 | PA      | $120981.82    | 0.00%             | 2028-06-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                                                | Southern Co/The                                                                  | CUSIP: 842587DQ7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    310000 | PA      | $314010.41    | 0.01%             | 2028-06-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| KeySpan Gas East Corp                                                      | KeySpan Gas East Corp                                                            | CUSIP: 49338CAB9<br>LEI: K8TS3HOE1568DUBUJL44 | Long             | DBT              | CORP              | US        |    285000 | PA      | $278550.70    | 0.01%             | 2026-08-15      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                                   | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    175000 | PA      | $175112.18    | 0.00%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HANWHA TOTALENERGIES                                                       | Hanwha Totalenergies Petrochemical Co Ltd                                        | CUSIP: 000000000<br>LEI: 988400G0X7SXITD3EI81 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $201109.86    | 0.00%             | 2029-07-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ABU DHABI COMMERCIAL BNK                                                   | Abu Dhabi Commercial Bank PJSC                                                   | CUSIP: 000000000<br>LEI: 213800RWVKKIRX1AUH58 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $201713.41    | 0.00%             | 2030-02-26      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Pfizer Inc                                                                 | Pfizer Inc                                                                       | CUSIP: 717081EP4<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    320000 | PA      | $315144.74    | 0.01%             | 2028-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| L-BANK BW FOERDERBANK                                                      | Landeskreditbank Baden-Wuerttemberg Foerderbank                                  | CUSIP: 000000000<br>LEI: 0SK1ILSPWNVBNQWU0W18 | Long             | DBT              | CORP              | DE        |    120000 | PA      | $119657.70    | 0.00%             | 2027-01-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS LLC                                                             | NCR Atleos Corp                                                                  | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |    425000 | PA      | $460545.05    | 0.01%             | 2029-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                   | Celanese US Holdings LLC                                                         | CUSIP: 15089QAK0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    115000 | PA      | $110808.76    | 0.00%             | 2026-08-05      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| MSCI INC                                                                   | MSCI Inc                                                                         | CUSIP: 55354GAH3<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |    335000 | PA      | $323852.82    | 0.01%             | 2029-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 912828YQ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12500000 | PA      | $12124023.50  | 0.27%             | 2026-10-31      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                                                          | Ares Capital Corp                                                                | CUSIP: 04010LBA0<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    362000 | PA      | $353438.79    | 0.01%             | 2026-07-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Qatar Government International Bonds                                       | Qatar Government International Bonds                                             | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |   1200000 | PA      | $1191342.50   | 0.03%             | 2029-03-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANCO DO BRASIL (CAYMAN)                                                   | Banco do Brasil SA/Cayman                                                        | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $205213.00    | 0.00%             | 2030-04-18      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                                                        | Bangkok Bank PCL/Hong Kong                                                       | CUSIP: 000000000<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |    400000 | PA      | $372566.13    | 0.01%             | 2034-09-25      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                                                            | Mercer International Inc                                                         | CUSIP: 588056BC4<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |     93000 | PA      | $93789.45     | 0.00%             | 2028-10-01      | Fixed         | 12.88%                | No            |                  2 | On Loan: No      |
| Gaci First Investment Co.                                                  | Gaci First Investment Co.                                                        | CUSIP: 000000000<br>LEI: 558600TU1PWGNLZ3XM88 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $401660.18    | 0.01%             | 2030-02-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EUB3<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63324.70     | 0.00%             | 2028-01-06      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                                        | Charles Schwab Corp/The                                                          | CUSIP: 808513BC8<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    210000 | PA      | $212203.39    | 0.00%             | 2030-03-22      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                           | Bank of Montreal                                                                 | CUSIP: 06368FAC3<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    440000 | PA      | $424883.02    | 0.01%             | 2026-09-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                          | NatWest Group PLC                                                                | CUSIP: 639057AP3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    305000 | PA      | $318266.37    | 0.01%             | 2034-06-01      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| LINDBLAD EXPEDITIONS HO                                                    | Lindblad Expeditions Holdings Inc                                                | CUSIP: 535219AA7<br>LEI: 549300GSPW24GZE6R597 | Long             | DBT              | CORP              | US        |     80000 | PA      | $83385.97     | 0.00%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                                                       | Targa Resources Corp                                                             | CUSIP: 87612KAA0<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    232000 | PA      | $234716.75    | 0.01%             | 2027-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                     | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607PVP6<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    275000 | PA      | $276607.01    | 0.01%             | 2028-01-13      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CLR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  38238000 | PA      | $38524785.00  | 0.87%             | 2029-10-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| FRESENIUS MED CARE III                                                     | Fresenius Medical Care US Finance III Inc                                        | CUSIP: 35805BAC2<br>LEI: 5299006ZHLMXOOUVTU44 | Long             | DBT              | CORP              | US        |    105000 | PA      | $100843.49    | 0.00%             | 2026-12-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| BALL CORP                                                                  | Ball Corp                                                                        | CUSIP: 058498AY2<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255251.62    | 0.01%             | 2028-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CNOOC FINANCE 2015 US                                                      | CNOOC Finance 2015 USA LLC                                                       | CUSIP: 12634MAE0<br>LEI: 549300Q3CTIH31RFPO82 | Long             | DBT              | CORP              | US        |    400000 | PA      | $400322.52    | 0.01%             | 2028-05-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SP GROUP TREASURY PTE                                                      | SP Group Treasury Pte Ltd                                                        | CUSIP: 84612MAA3<br>LEI: 6354004HB4CUEDLMXY86 | Long             | DBT              | CORP              | SG        |    250000 | PA      | $242620.56    | 0.01%             | 2029-02-27      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                                                    | National Australia Bank Ltd                                                      | CUSIP: 6325C0EB3<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |    445000 | PA      | $430510.12    | 0.01%             | 2027-01-12      | Fixed         | 1.89%                 | No            |                  2 | On Loan: No      |
| SSM HEALTH CARE                                                            | SSM Health Care Corp                                                             | CUSIP: 784710AC9<br>LEI: 5493000QP6H63JFPC580 | Long             | DBT              | CORP              | US        |    157000 | PA      | $158793.20    | 0.00%             | 2028-06-01      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| CRH SMW FINANCE DAC                                                        | CRH SMW Finance DAC                                                              | CUSIP: 12704PAA6<br>LEI: 54930044475SH442C864 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $205055.25    | 0.00%             | 2029-05-21      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                                      | Civitas Resources Inc                                                            | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    415000 | PA      | $427262.84    | 0.01%             | 2028-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC                                                           | Vail Resorts Inc                                                                 | CUSIP: 91879QAQ2<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30156.19     | 0.00%             | 2030-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CGNPC INTERNATIONAL LTD                                                    | CGNPC International Ltd                                                          | CUSIP: 000000000<br>LEI: 3003007JIKH4XTQVZT05 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $196953.71    | 0.00%             | 2027-12-11      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                                     | Turkiye Government International Bonds                                           | CUSIP: 900123CP3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    400000 | PA      | $393717.99    | 0.01%             | 2028-02-17      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CSL FINANCE PLC                                                            | CSL Finance PLC                                                                  | CUSIP: 12661PAA7<br>LEI: 2549007CCNBNAF4HBC02 | Long             | DBT              | CORP              | GB        |    195000 | PA      | $193237.59    | 0.00%             | 2027-04-27      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                                                | Equinix Inc                                                                      | CUSIP: 29444UBE5<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |    305000 | PA      | $288008.94    | 0.01%             | 2029-11-18      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                                                   | Constellation Brands Inc                                                         | CUSIP: 21036PBE7<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    265000 | PA      | $251372.45    | 0.01%             | 2029-08-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| GOODMAN US FIN THREE                                                       | Goodman US Finance Three LLC                                                     | CUSIP: 38239JAA9<br>LEI: N/A                  | Long             | DBT              |  | US        |    130000 | PA      | $126972.26    | 0.00%             | 2028-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                                           | Deutsche Bank AG                                                                 | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    300000 | PA      | $303476.80    | 0.01%             | 2026-09-01      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                                     | Dominican Republic International Bonds                                           | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    500000 | PA      | $499382.08    | 0.01%             | 2029-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HAZINE MUSTESARLIGI VARL                                                   | Hazine Mustesarligi Varlik Kiralama AS                                           | CUSIP: 000000000<br>LEI: 6354003QFJP7RDXEOZ20 | Long             | DBT              | NUSS              | TR        |    800000 | PA      | $854051.78    | 0.02%             | 2029-01-14      | Fixed         | 8.51%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132D6BS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    432372 | PA      | $401328.56    | 0.01%             | 2037-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                  | Amgen Inc                                                                        | CUSIP: 031162DB3<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    445000 | PA      | $410817.06    | 0.01%             | 2028-08-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                                                   | Healthcare Realty Holdings LP                                                    | CUSIP: 42225UAG9<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              |  | US        |    200000 | PA      | $185652.72    | 0.00%             | 2030-02-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| SWIRE PACIFIC MTN FIN                                                      | Swire Pacific Mtn Financing HK Ltd                                               | CUSIP: 000000000<br>LEI: 549300UKPSWGA4VYA949 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $186858.69    | 0.00%             | 2030-01-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| FINANCE OF AMERICA FUNDI                                                   | Finance of America Funding LLC                                                   | CUSIP: 317386AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     63428 | PA      | $57747.26     | 0.00%             | 2026-11-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| PRINCIPAL LFE GLB FND II                                                   | Principal Life Global Funding II                                                 | CUSIP: 74256LEP0<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    315000 | PA      | $304780.09    | 0.01%             | 2026-08-16      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC                                                         | Conagra Brands Inc                                                               | CUSIP: 205887CF7<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |    365000 | PA      | $339337.47    | 0.01%             | 2027-11-01      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| GARTNER INC                                                                | Gartner Inc                                                                      | CUSIP: 366651AG2<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |    205000 | PA      | $194570.60    | 0.00%             | 2029-06-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| FORTUNE BRANDS INNOVATIO                                                   | Fortune Brands Innovations Inc                                                   | CUSIP: 34964CAE6<br>LEI: 54930032LHW54PQUJD44 | Long             | DBT              | CORP              | US        |    180000 | PA      | $170315.10    | 0.00%             | 2029-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AFRICAN DEVELOPMENT BANK                                                   | African Development Bank                                                         | CUSIP: 00828EEY1<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | XX        |    745000 | PA      | $750334.59    | 0.02%             | 2027-01-04      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AGENCE FRANCAISE DEVELOP                                                   | Agence Francaise de Developpement EPIC                                           | CUSIP: 000000000<br>LEI: 9695008K5N8MKIT4XJ91 | Long             | DBT              | NUSS              | FR        |    600000 | PA      | $596599.81    | 0.01%             | 2027-09-21      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                                                           | LG Energy Solution Ltd                                                           | CUSIP: 000000000<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $203197.61    | 0.00%             | 2029-07-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| VIDEOTRON LTD                                                              | Videotron Ltd                                                                    | CUSIP: 92660FAN4<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |    110000 | PA      | $105105.14    | 0.00%             | 2029-06-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: —       |
| Ameriprise Financial Inc                                                   | Ameriprise Financial Inc                                                         | CUSIP: 03076CAH9<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24591.86     | 0.00%             | 2026-09-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                                         | Banco Santander SA                                                               | CUSIP: 05971KAC3<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    280000 | PA      | $267396.81    | 0.01%             | 2029-06-27      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| D.R. HORTON INC                                                            | DR Horton Inc                                                                    | CUSIP: 23331ABQ1<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |    242000 | PA      | $232882.52    | 0.01%             | 2026-10-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                          | HSBC Holdings PLC                                                                | CUSIP: 404280EF2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    550000 | PA      | $558934.57    | 0.01%             | 2028-05-17      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                                        | Exeter Automobile Receivables Trust 2024-2                                       | CUSIP: 30166DAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1015441.35   | 0.02%             | 2030-02-15      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                        | Toyota Auto Receivables 2025-B Owner Trust                                       | CUSIP: 89231HAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100265.65    | 0.00%             | 2029-11-15      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| SATURN OIL & GAS INC                                                       | Saturn Oil & Gas Inc                                                             | CUSIP: 80412LAA5<br>LEI: 549300G6BWJ7K6PIIY73 | Long             | DBT              | CORP              | CA        |    176000 | PA      | $174251.65    | 0.00%             | 2029-06-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: —       |
| CREDIT AGRICOLE SA                                                         | Credit Agricole SA                                                               | CUSIP: 22534PAC7<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    280000 | PA      | $287174.63    | 0.01%             | 2028-07-12      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA                                                   | Export-Import Bank of Korea                                                      | CUSIP: 302154EF2<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $202054.72    | 0.00%             | 2029-09-11      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                       | Glencore Funding LLC                                                             | CUSIP: 378272BS6<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    440000 | PA      | $450590.69    | 0.01%             | 2029-04-04      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                       | Glencore Funding LLC                                                             | CUSIP: 378272BK3<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    375000 | PA      | $382402.64    | 0.01%             | 2028-05-08      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC                                                       | Howmet Aerospace Inc                                                             | CUSIP: 443201AB4<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |    185000 | PA      | $176533.57    | 0.00%             | 2029-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BRIGHTHSE FIN GLBL FUND                                                    | Brighthouse Financial Global Funding                                             | CUSIP: 10921U2J6<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202377.53    | 0.00%             | 2027-04-09      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| MITSUI & CO                                                                | Mitsui & Co Ltd                                                                  | CUSIP: 000000000<br>LEI: 2NRSB4GOU9DD6CNW5R48 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $198876.31    | 0.00%             | 2029-09-12      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                   | Benchmark 2023-V2 Mortgage Trust                                                 | CUSIP: 08163TAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $303459.40    | 0.01%             | 2055-05-15      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| KeyCorp                                                                    | KeyCorp                                                                          | CUSIP: 49326EEG4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    185000 | PA      | $183400.65    | 0.00%             | 2028-04-30      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp                                                      | Northrop Grumman Corp                                                            | CUSIP: 666807BN1<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    695000 | PA      | $677494.94    | 0.02%             | 2028-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                                               | Drive Auto Receivables Trust 2024-2                                              | CUSIP: 26207AAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     80000 | PA      | $79388.11     | 0.00%             | 2032-05-17      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                           | Societe Generale SA                                                              | CUSIP: 83368RBM3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    375000 | PA      | $376857.00    | 0.01%             | 2027-06-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| JOY TRSR ASSETS HLD                                                        | Joy Treasure Assets Holdings Inc                                                 | CUSIP: 000000000<br>LEI: 2549002TXU15P8D3F498 | Long             | DBT              | CORP              | VG        |    400000 | PA      | $411812.72    | 0.01%             | 2029-06-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132CWQ80<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    501248 | PA      | $468371.20    | 0.01%             | 2035-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PACCAR FINANCIAL CORP                                                      | PACCAR Financial Corp                                                            | CUSIP: 69371RT71<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100788.49    | 0.00%             | 2030-05-08      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ANZ NEW ZEALAND INTL/LDN                                                   | ANZ New Zealand Int'l Ltd/London                                                 | CUSIP: 00182EBU2<br>LEI: 213800VD256NU2D97H12 | Long             | DBT              | CORP              | NZ        |    270000 | PA      | $277464.48    | 0.01%             | 2028-08-14      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT                                                   | Element Fleet Management Corp                                                    | CUSIP: 286181AP7<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |    180000 | PA      | $181550.12    | 0.00%             | 2030-03-25      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| KOREA NATIONAL OIL CORP                                                    | Korea National Oil Corp                                                          | CUSIP: 50066RAG1<br>LEI: 988400ZTQ08W926ONT36 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $196474.97    | 0.00%             | 2027-03-27      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                     | UnitedHealth Group Inc                                                           | CUSIP: 91324PFG2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    390000 | PA      | $393891.59    | 0.01%             | 2030-01-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                   | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668CN0<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200376.07    | 0.00%             | 2027-03-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING                                                   | Met Tower Global Funding                                                         | CUSIP: 58989V2H6<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |    160000 | PA      | $164324.79    | 0.00%             | 2029-04-12      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                       | OneMain Finance Corp                                                             | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    215000 | PA      | $210772.37    | 0.00%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ABL0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    200000 | PA      | $212159.13    | 0.00%             | 2030-04-08      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140GYNH8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20461 | PA      | $19992.14     | 0.00%             | 2032-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP                                                      | Lincoln National Corp                                                            | CUSIP: 534187BJ7<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    150000 | PA      | $140266.30    | 0.00%             | 2030-01-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF PHILIPPINES                                                    | Philippine Government International Bond                                         | CUSIP: 718286CV7<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    200000 | PA      | $203053.08    | 0.00%             | 2027-10-13      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                     | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822AN4<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    430000 | PA      | $425411.20    | 0.01%             | 2027-02-22      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                                                             | Microsoft Corp                                                                   | CUSIP: 594918BY9<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1260826.81   | 0.03%             | 2027-02-06      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| FMC CORP                                                                   | FMC Corp                                                                         | CUSIP: 302491AU9<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |    155000 | PA      | $144360.47    | 0.00%             | 2029-10-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                   | Capital One Financial Corp                                                       | CUSIP: 14040HCN3<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    375000 | PA      | $358163.80    | 0.01%             | 2030-03-01      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| Indonesia Asahan Aluminium PT/Mineral Industri Indonesia Persero PT        | Indonesia Asahan Aluminium PT/Mineral Industri Indonesia Persero PT              | CUSIP: 000000000<br>LEI: 2549008P48EB9SN2OI80 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $204790.55    | 0.00%             | 2030-05-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PACCAR FINANCIAL CORP                                                      | PACCAR Financial Corp                                                            | CUSIP: 69371RT22<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |    155000 | PA      | $157101.42    | 0.00%             | 2027-05-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                     | American Honda Finance Corp                                                      | CUSIP: 02665WED9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120694.19    | 0.00%             | 2028-01-12      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| MUANG THAI LIFE ASSURANC                                                   | Muang Thai Life Assurance PCL                                                    | CUSIP: 000000000<br>LEI: 549300V70GAMNLTH3D74 | Long             | DBT              | CORP              | TH        |    200000 | PA      | $195349.10    | 0.00%             | 2037-01-27      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| State Board of Administration Finance Corp                                 | FLORIDA ST BRD OF ADMIN FIN CORP REVENUE                                         | CUSIP: 341271AE4<br>LEI: 549300S34SOJ0RULXM35 | Long             | DBT              | MUN               | US        |    250000 | PA      | $237472.02    | 0.01%             | 2027-07-01      | Fixed         | 1.71%                 | No            |                  2 | On Loan: —       |
| APA INFRASTRUCTURE LTD                                                     | APA Infrastructure Ltd                                                           | CUSIP: 00205GAD9<br>LEI: 261700SS8OEHDOCOUJ33 | Long             | DBT              | CORP              | AU        |    305000 | PA      | $303090.58    | 0.01%             | 2027-07-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                                     | Sempra                                                                           | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    378000 | PA      | $364960.94    | 0.01%             | 2052-04-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                   | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    155000 | PA      | $157955.08    | 0.00%             | 2027-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                    | MPLX LP                                                                          | CUSIP: 55336VAR1<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    170000 | PA      | $167696.83    | 0.00%             | 2028-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KOMMUNEKREDIT                                                              | Kommunekredit                                                                    | CUSIP: 000000000<br>LEI: 529900D8QLTZ6PRLJL76 | Long             | DBT              | NUSS              | DK        |    200000 | PA      | $201391.42    | 0.00%             | 2027-03-05      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                                        | NatWest Markets PLC                                                              | CUSIP: 63906YAP3<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $203225.21    | 0.00%             | 2030-03-21      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                                                   | Aptiv Swiss Holdings Ltd                                                         | CUSIP: 03837AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    200000 | PA      | $198870.09    | 0.00%             | 2029-09-13      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                                   | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $244743.09    | 0.01%             | 2027-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                                             | Var Energi ASA                                                                   | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    320000 | PA      | $338546.07    | 0.01%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                                                   | Canadian Pacific Railway Co                                                      | CUSIP: 13645RBJ2<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    175000 | PA      | $177203.85    | 0.00%             | 2030-03-30      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                                                   | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |    315000 | PA      | $306133.28    | 0.01%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                           | Bank of Montreal                                                                 | CUSIP: 06368BGS1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    450000 | PA      | $437386.05    | 0.01%             | 2032-12-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Duke Energy Florida LLC                                                    | Duke Energy Florida LLC                                                          | CUSIP: 26444HAC5<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |    240000 | PA      | $236257.75    | 0.01%             | 2027-01-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                                     | Turkiye Government International Bonds                                           | CUSIP: 900123CK4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    800000 | PA      | $796631.56    | 0.02%             | 2026-10-09      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING                                                   | Met Tower Global Funding                                                         | CUSIP: 58989V2J2<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148724.83    | 0.00%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                                                     | Commonwealth Bank of Australia                                                   | CUSIP: 202712BK0<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |    305000 | PA      | $288948.41    | 0.01%             | 2034-09-12      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                                         | CNX Resources Corp                                                               | CUSIP: 12653CAJ7<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149879.65    | 0.00%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Weyerhaeuser Co                                                            | Weyerhaeuser Co                                                                  | CUSIP: 962166AW4<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              |  | US        |     35000 | PA      | $36652.19     | 0.00%             | 2027-10-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| ARES FINANCE CO II LLC                                                     | Ares Finance Co II LLC                                                           | CUSIP: 04015KAB6<br>LEI: 54930012GWL4VKKENG46 | Long             | DBT              | CORP              | US        |    105000 | PA      | $97630.17     | 0.00%             | 2030-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| KOREA DEVELOPMENT BANK                                                     | Korea Development Bank/The                                                       | CUSIP: 500630DR6<br>LEI: 549300ML2LNRZUCS7149 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $193744.20    | 0.00%             | 2027-02-24      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| NEWCASTLE COAL INFRASTRU                                                   | Newcastle Coal Infrastructure Group Pty Ltd                                      | CUSIP: 65106WAA3<br>LEI: 549300YAJ8XYYGW2TZ32 | Long             | DBT              | CORP              | AU        |     37900 | PA      | $37354.77     | 0.00%             | 2027-09-29      | Fixed         | 4.40%                 | No            |                  2 | On Loan: —       |
| SUMITOMO MITSUI FINL GRP                                                   | Sumitomo Mitsui Financial Group Inc                                              | CUSIP: 86562MCM0<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    290000 | PA      | $280852.10    | 0.01%             | 2027-01-14      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                              | Citigroup Inc                                                                    | CUSIP: 172967LS8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    805000 | PA      | $787325.89    | 0.02%             | 2028-10-27      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| MASHREQ AL ISLAMI SUKUK                                                    | Mashreq AL Islami Sukuk Co Ltd                                                   | CUSIP: 000000000<br>LEI: 254900AIOT8L0TZT5O08 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $201614.10    | 0.00%             | 2030-04-22      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                                            | IHS Holding Ltd                                                                  | CUSIP: 000000000<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $196682.23    | 0.00%             | 2028-11-29      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Unilever Capital Corp                                                      | Unilever Capital Corp                                                            | CUSIP: 904764BC0<br>LEI: MYF1DAS6G5WY7PRWCU78 | Long             | DBT              | CORP              | US        |    415000 | PA      | $408102.32    | 0.01%             | 2028-03-22      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                       | Enel Finance International NV                                                    | CUSIP: 29278GAA6<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    260000 | PA      | $256003.47    | 0.01%             | 2027-05-25      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| BCEG HONGKONG CO LTD                                                       | BCEG HongKong Co Ltd                                                             | CUSIP: 000000000<br>LEI: 3003005SOPRBUDFEY106 | Long             | DBT              | CORP              | HK        |    400000 | PA      | $389921.71    | 0.01%             | 2026-07-02      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| KOREA DEVELOPMENT BANK                                                     | Korea Development Bank/The                                                       | CUSIP: 500630DG0<br>LEI: 549300ML2LNRZUCS7149 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $193188.61    | 0.00%             | 2026-07-19      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| ACPRODUCTS HOLDINGS INC                                                    | ACProducts Holdings Inc                                                          | CUSIP: 92641PAA4<br>LEI: 254900KTNXVUUHWHBF39 | Long             | DBT              | CORP              | US        |    165000 | PA      | $74580.96     | 0.00%             | 2029-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                               | Comcast Corp                                                                     | CUSIP: 20030NEH0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    295000 | PA      | $302600.46    | 0.01%             | 2029-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                                                   | Suburban Propane Partners LP/Suburban Energy Finance Corp                        | CUSIP: 864486AK1<br>LEI: JJAX4X60DE65EYFOTY73 | Long             | DBT              | CORP              | US        |    105000 | PA      | $104619.63    | 0.00%             | 2027-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                   | AT&T Inc                                                                         | CUSIP: 00206RGQ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    965000 | PA      | $957626.49    | 0.02%             | 2030-02-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XEQ5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    210000 | PA      | $212780.32    | 0.00%             | 2027-05-08      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                        | Fifth Third Bancorp                                                              | CUSIP: 316773DJ6<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    232000 | PA      | $241153.22    | 0.01%             | 2028-10-27      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                                                    | Public Service Electric and Gas Co                                               | CUSIP: 74456QBS4<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44039.88     | 0.00%             | 2027-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AIA GROUP LTD                                                              | AIA Group Ltd                                                                    | CUSIP: 00131LAJ4<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | DBT              | CORP              | HK        |    300000 | PA      | $287082.32    | 0.01%             | 2030-04-07      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                                                        | Kimco Realty OP LLC                                                              | CUSIP: 49446RAX7<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |    385000 | PA      | $362320.86    | 0.01%             | 2028-03-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                                             | Eli Lilly & Co                                                                   | CUSIP: 532457BP2<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113005.03    | 0.00%             | 2027-05-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                                                        | Century Communities Inc                                                          | CUSIP: 156504AM4<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |    150000 | PA      | $138142.76    | 0.00%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BORGWARNER INC                                                             | BorgWarner Inc                                                                   | CUSIP: 099724AP1<br>LEI: 549300DSFX2IE88NSX47 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75775.26     | 0.00%             | 2029-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| HEALTHEQUITY INC                                                           | HealthEquity Inc                                                                 | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |    175000 | PA      | $168680.10    | 0.00%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                                                     | Marvell Technology Inc                                                           | CUSIP: 573874AR5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $125085.88    | 0.00%             | 2030-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LABL INC                                                                   | LABL Inc                                                                         | CUSIP: 50168QAE5<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |     90000 | PA      | $83281.20     | 0.00%             | 2028-11-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC                                                    | Booz Allen Hamilton Inc                                                          | CUSIP: 09951LAA1<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    143000 | PA      | $138703.26    | 0.00%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                   | Celanese US Holdings LLC                                                         | CUSIP: 15089QAZ7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    225000 | PA      | $227651.95    | 0.01%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust                               | American Express Credit Account Master Trust                                     | CUSIP: 02582JKR0<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $302408.62    | 0.01%             | 2032-04-15      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| GRAFTECH GLOBAL ENTERPRI                                                   | GrafTech Global Enterprises Inc                                                  | CUSIP: 38431AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $124110.56    | 0.00%             | 2029-12-23      | Fixed         | 9.88%                 | No            |                  2 | On Loan: —       |
| WMG ACQUISITION CORP                                                       | WMG Acquisition Corp                                                             | CUSIP: 92933BAT1<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |    160000 | PA      | $150247.74    | 0.00%             | 2029-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PBL9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    875000 | PA      | $799430.23    | 0.02%             | 2031-04-22      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                                                      | Duke Energy Carolinas LLC                                                        | CUSIP: 26442CBP8<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152603.82    | 0.00%             | 2030-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| RANGE RESOURCES CORP                                                       | Range Resources Corp                                                             | CUSIP: 75281ABK4<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |    155000 | PA      | $150677.69    | 0.00%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                                                     | AthenaHealth Group Inc                                                           | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    700000 | PA      | $688177.43    | 0.02%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Gohl Capital Ltd                                                           | Gohl Capital Ltd                                                                 | CUSIP: 000000000<br>LEI: 254900TF7OK6KSDZA888 | Long             | DBT              | CORP              | IM        |    400000 | PA      | $395857.54    | 0.01%             | 2027-01-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| INTERFACE INC                                                              | Interface Inc                                                                    | CUSIP: 458665AS5<br>LEI: 549300VXZWQOIDFPU355 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98680.25     | 0.00%             | 2028-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                                                   | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp               | CUSIP: 505742AM8<br>LEI: N/A                  | Long             | DBT              |  | US        |    230000 | PA      | $225886.17    | 0.01%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                                   | Baxter International Inc                                                         | CUSIP: 071813CL1<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    497000 | PA      | $478206.68    | 0.01%             | 2027-02-01      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD                                                   | Cheniere Corpus Christi Holdings LLC                                             | CUSIP: 16412XAG0<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    502000 | PA      | $505669.10    | 0.01%             | 2027-06-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| TELECOMMUNICATIONS CO TE                                                   | Telecommunications co Telekom Srbija AD Belgrade                                 | CUSIP: 000000000<br>LEI: 254900OVY0XI1DFYC092 | Long             | DBT              | CORP              | RS        |    200000 | PA      | $200410.80    | 0.00%             | 2029-10-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CF Industries Inc                                                          | CF Industries Inc                                                                | CUSIP: 12527GAH6<br>LEI: 5FVKT86LAD2F40NPC183 | Long             | DBT              | CORP              | US        |    160000 | PA      | $159831.19    | 0.00%             | 2026-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                      | Wells Fargo Commercial Mortgage Trust 2017-C39                                   | CUSIP: 95000XAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4837314.70   | 0.11%             | 2050-09-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                         | BMW US Capital LLC                                                               | CUSIP: 05565ECR4<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120290.37    | 0.00%             | 2029-08-13      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| DANA INC                                                                   | Dana Inc                                                                         | CUSIP: 235825AG1<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125025.06    | 0.00%             | 2028-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                                                         | CP Atlas Buyer Inc                                                               | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35323.04     | 0.00%             | 2030-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                        | American Express Co                                                              | CUSIP: 025816DH9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    470000 | PA      | $481763.45    | 0.01%             | 2029-07-27      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                        | Dominion Energy Inc                                                              | CUSIP: 25746UCK3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    145000 | PA      | $142421.09    | 0.00%             | 2026-08-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Black Hills Corp                                                           | Black Hills Corp                                                                 | CUSIP: 092113AM1<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97890.72     | 0.00%             | 2027-01-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| SK INVICTUS INTERMEDIATE                                                   | SK Invictus Intermediate II Sarl                                                 | CUSIP: 29977LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    200000 | PA      | $194425.33    | 0.00%             | 2029-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ICON INVESTMENTS SIX DAC                                                   | Icon Investments Six DAC                                                         | CUSIP: 45115AAB0<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |    230000 | PA      | $238362.44    | 0.01%             | 2029-05-08      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| CME GROUP INC                                                              | CME Group Inc                                                                    | CUSIP: 12572QAL9<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250027.11    | 0.01%             | 2030-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| DIB SUKUK LTD                                                              | DIB Sukuk Ltd                                                                    | CUSIP: 000000000<br>LEI: 549300U3ZMUHC2JQLL56 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $202805.74    | 0.00%             | 2029-03-04      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                           | Altice France SA                                                                 | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    750000 | PA      | $654949.15    | 0.01%             | 2029-07-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                                                        | American Tower Corp                                                              | CUSIP: 03027XAU4<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    230000 | PA      | $225024.96    | 0.01%             | 2029-03-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| CHINALCO CAPITAL HOLDING                                                   | Chinalco Capital Holdings Ltd                                                    | CUSIP: 000000000<br>LEI: 5493003PX4GYVUD3CQ19 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $195263.64    | 0.00%             | 2027-02-24      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                               | Broadcom Inc                                                                     | CUSIP: 11135FBE0<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    210000 | PA      | $197913.22    | 0.00%             | 2028-02-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                                      | Bausch Health Cos Inc                                                            | CUSIP: 071734AH0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    135000 | PA      | $113062.67    | 0.00%             | 2028-01-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                                                        | Delta Air Lines Inc                                                              | CUSIP: 247361ZT8<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    160000 | PA      | $153298.26    | 0.00%             | 2029-10-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Toledo Hospital/The                                                        | Toledo Hospital/The                                                              | CUSIP: 889184AC1<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |    115000 | PA      | $115180.41    | 0.00%             | 2028-11-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| WH FINANCIAL HOLDINGS                                                      | Wuhan Financial Holdings Group Co Ltd                                            | CUSIP: 000000000<br>LEI: 3003005XLJWUBV4K8S69 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $199509.03    | 0.00%             | 2027-11-05      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| 3M COMPANY                                                                 | 3M Co                                                                            | CUSIP: 88579YBN0<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |    190000 | PA      | $178392.78    | 0.00%             | 2030-04-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| STILLWATER MINING CO                                                       | Stillwater Mining Co                                                             | CUSIP: 000000000<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196025.02    | 0.00%             | 2026-11-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                               | Enbridge Inc                                                                     | CUSIP: 29250NBX2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $251067.40    | 0.01%             | 2028-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MASSMUTUAL GLOBAL FUNDIN                                                   | MassMutual Global Funding II                                                     | CUSIP: 57629W6H8<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |    205000 | PA      | $209203.82    | 0.00%             | 2028-06-14      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                                       | Egypt Government International Bonds                                             | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    400000 | PA      | $391576.27    | 0.01%             | 2027-09-30      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140XCPY8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    244771 | PA      | $223180.10    | 0.01%             | 2036-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ROP Sukuk Trust                                                            | ROP Sukuk Trust                                                                  | CUSIP: 000000000<br>LEI: 254900RB1RTZ84ZMF446 | Long             | DBT              | NUSS              | PH        |    400000 | PA      | $407937.32    | 0.01%             | 2029-06-06      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK OP LLC                                                          | Healthpeak OP LLC                                                                | CUSIP: 40414LAR0<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              |  | US        |    135000 | PA      | $129734.16    | 0.00%             | 2029-07-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| STORE CAPITAL LLC                                                          | Store Capital LLC                                                                | CUSIP: 862121AB6<br>LEI: 254900Z9PIEFQ6AYXK50 | Long             | DBT              |  | US        |     60000 | PA      | $59088.75     | 0.00%             | 2029-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC                                                    | Consolidated Edison Co of New York Inc                                           | CUSIP: 209111FX6<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    150000 | PA      | $143836.19    | 0.00%             | 2030-04-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| NNN REIT INC                                                               | NNN REIT Inc                                                                     | CUSIP: 637417AK2<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              |  | US        |    385000 | PA      | $377052.13    | 0.01%             | 2027-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Asian Development Bank                                                     | Asian Development Bank                                                           | CUSIP: 045167EC3<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |     90000 | PA      | $87209.58     | 0.00%             | 2027-08-10      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                                                | Wayfair LLC                                                                      | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    255000 | PA      | $259383.33    | 0.01%             | 2029-10-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| UNILEVER CAPITAL CORP                                                      | Unilever Capital Corp                                                            | CUSIP: 904764BU0<br>LEI: MYF1DAS6G5WY7PRWCU78 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100147.94    | 0.00%             | 2027-08-12      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                                                          | L3Harris Technologies Inc                                                        | CUSIP: 502431AP4<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    450000 | PA      | $455525.56    | 0.01%             | 2027-01-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bonds                                       | Ghana Government International Bonds                                             | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    938800 | PA      | $891876.69    | 0.02%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD                                                   | Primo Water Holdings Inc / Triton Water Holdings Inc                             | CUSIP: 74168RAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $235537.38    | 0.01%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                                     | Daimler Truck Finance North America LLC                                          | CUSIP: 233853AY6<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    165000 | PA      | $166751.07    | 0.00%             | 2027-09-25      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                                                      | Republic Services Inc                                                            | CUSIP: 760759AV2<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    175000 | PA      | $159512.25    | 0.00%             | 2030-03-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                                                  | Prosus NV                                                                        | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $200337.14    | 0.00%             | 2027-07-06      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| AVALONBAY COMMUNITIES                                                      | AvalonBay Communities Inc                                                        | CUSIP: 05348EBA6<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              |  | US        |    193000 | PA      | $189635.28    | 0.00%             | 2027-05-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                        | Sirius XM Radio LLC                                                              | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    380000 | PA      | $375222.61    | 0.01%             | 2029-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CARLYLE SECURED LENDING                                                    | Carlyle Secured Lending Inc                                                      | CUSIP: 872280AA0<br>LEI: 5493003POT0JT6WD1D83 | Long             | DBT              | CORP              | US        |     85000 | PA      | $87426.32     | 0.00%             | 2030-02-18      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN INVEST CO                                                   | Inter-American Investment Corp                                                   | CUSIP: 45828Q2E6<br>LEI: 5493001X4LH60PFRL744 | Long             | DBT              | NUSS              | XX        |    395000 | PA      | $391769.11    | 0.01%             | 2027-02-17      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                               | UBS Group AG                                                                     | CUSIP: 225401BC1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    390000 | PA      | $399300.78    | 0.01%             | 2027-12-22      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                                    | Colombia Government International Bonds                                          | CUSIP: 195325DL6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    600000 | PA      | $588291.85    | 0.01%             | 2027-04-25      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                                     | Santander Holdings USA Inc                                                       | CUSIP: 80282KAP1<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    375000 | PA      | $374465.37    | 0.01%             | 2027-07-13      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                                                     | Mondelez International Inc                                                       | CUSIP: 609207AM7<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |     95000 | PA      | $94524.60     | 0.00%             | 2028-05-07      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                                   | National Rural Utilities Cooperative Finance Corp                                | CUSIP: 637432PB5<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62766.70     | 0.00%             | 2053-09-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                     | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KBJ8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    195000 | PA      | $188361.59    | 0.00%             | 2029-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Entergy Corp                                                               | Entergy Corp                                                                     | CUSIP: 29364GAJ2<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    285000 | PA      | $279876.56    | 0.01%             | 2026-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH AMERICAS                                                     | Bausch Health Americas Inc                                                       | CUSIP: 91911XAW4<br>LEI: KOO0397YRO83WY5MGD97 | Long             | DBT              | CORP              | US        |    205000 | PA      | $203192.96    | 0.00%             | 2027-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Ferguson Finance PLC                                                       | Ferguson Finance PLC                                                             | CUSIP: 314890AA2<br>LEI: 2138003A7ZEU931DZL61 | Long             | DBT              | CORP              | GB        |    205000 | PA      | $203946.83    | 0.00%             | 2028-10-24      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| REDE D'OR FINANCE SARL                                                     | Rede D'or Finance Sarl                                                           | CUSIP: 000000000<br>LEI: 549300FDE772OLJUCP79 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $189877.19    | 0.00%             | 2030-01-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE SERVICE CORP                                                   | Health Care Service Corp A Mutual Legal Reserve Co                               | CUSIP: 42218SAK4<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55976.22     | 0.00%             | 2029-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                | BNP Paribas SA                                                                   | CUSIP: 09659W3D4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $403909.32    | 0.01%             | 2031-05-09      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| NUCOR CORP                                                                 | Nucor Corp                                                                       | CUSIP: 670346AY1<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |    310000 | PA      | $309738.55    | 0.01%             | 2027-05-23      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                                                               | AutoZone Inc                                                                     | CUSIP: 053332BJ0<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    175000 | PA      | $178882.78    | 0.00%             | 2029-07-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PEBBLEBROOK HOTEL/FINANC                                                   | Pebblebrook Hotel LP / PEB Finance Corp                                          | CUSIP: 70510LAA7<br>LEI: N/A                  | Long             | DBT              |  | US        |    115000 | PA      | $115097.74    | 0.00%             | 2029-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                                                                | Viatris Inc                                                                      | CUSIP: 92556VAD8<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |    400000 | PA      | $354650.59    | 0.01%             | 2030-06-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                                                              | Amphenol Corp                                                                    | CUSIP: 032095AP6<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    190000 | PA      | $194470.36    | 0.00%             | 2029-04-05      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                                                   | Live Nation Entertainment Inc                                                    | CUSIP: 538034AR0<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    315000 | PA      | $310201.60    | 0.01%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMER AIRLN 14-1 A PTT                                                      | American Airlines 2014-1 Class A Pass Through Trust                              | CUSIP: 02377AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    119760 | PA      | $117427.91    | 0.00%             | 2026-10-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd                                                                | Nutrien Ltd                                                                      | CUSIP: 67077MAE8<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |     35000 | PA      | $34712.52     | 0.00%             | 2026-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HONGKONG LAND FINANCE                                                      | Hongkong Land Finance Cayman Islands Co Ltd/The                                  | CUSIP: 000000000<br>LEI: 254900OHTMO343QAXN81 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $185010.63    | 0.00%             | 2030-05-27      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| FAR EAST HORIZON LTD                                                       | Far East Horizon Ltd                                                             | CUSIP: 000000000<br>LEI: 549300S9XRGO1ZPUHE62 | Long             | DBT              | CORP              | HK        |    400000 | PA      | $407053.40    | 0.01%             | 2027-04-16      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BOUBYAN TIER 1 SUK LTD                                                     | Boubyan Tier 1 Sukuk Ltd                                                         | CUSIP: 000000000<br>LEI: 549300Z4Q7ROZ0OUJO40 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $193637.51    | 0.00%             | 2026-10-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                         | Realty Income Corp                                                               | CUSIP: 756109CA0<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |    110000 | PA      | $104010.82    | 0.00%             | 2028-03-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                                                     | Westinghouse Air Brake Technologies Corp                                         | CUSIP: 960386AM2<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    379000 | PA      | $380985.13    | 0.01%             | 2028-09-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-1 AA PTT                                                   | American Airlines 2016-1 Class AA Pass Through Trust                             | CUSIP: 02376UAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85790 | PA      | $83166.25     | 0.00%             | 2028-01-15      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                 | Intel Corp                                                                       | CUSIP: 458140CF5<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202978.08    | 0.00%             | 2030-02-10      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                                           | Altria Group Inc                                                                 | CUSIP: 02209SBQ5<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    165000 | PA      | $173198.68    | 0.00%             | 2028-11-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                           | GGAM Finance Ltd                                                                 | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    100000 | PA      | $100402.32    | 0.00%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                                                     | Anglo American Capital PLC                                                       | CUSIP: 034863AR1<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    225000 | PA      | $225382.86    | 0.01%             | 2027-04-10      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KOMMUNINVEST I SVERIGE                                                     | Kommuninvest I Sverige AB                                                        | CUSIP: 50046PCW3<br>LEI: EV2XZWMLLXF2QRX0CD47 | Long             | DBT              | NUSS              | SE        |     50000 | PA      | $50011.39     | 0.00%             | 2027-04-21      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                           | Bank of Montreal                                                                 | CUSIP: 06368L3K0<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    385000 | PA      | $391982.00    | 0.01%             | 2027-06-04      | Fixed         | 5.37%                 | No            |                  2 | On Loan: —       |
| MARRIOTT INTERNATIONAL                                                     | Marriott International Inc/MD                                                    | CUSIP: 571903BN2<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    190000 | PA      | $196122.24    | 0.00%             | 2028-10-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                                                          | Hyatt Hotels Corp                                                                | CUSIP: 448579AJ1<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103175.56    | 0.00%             | 2030-04-23      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                                     | Mizuho Financial Group Inc                                                       | CUSIP: 60687YAR0<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    455000 | PA      | $451463.13    | 0.01%             | 2028-03-05      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY INC                                                        | Cheniere Energy Inc                                                              | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |    570000 | PA      | $567169.56    | 0.01%             | 2028-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                    | John Deere Capital Corp                                                          | CUSIP: 24422EXZ7<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176981.50    | 0.00%             | 2028-01-07      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Quest Diagnostics Inc                                                      | Quest Diagnostics Inc                                                            | CUSIP: 74834LBA7<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |    155000 | PA      | $153878.80    | 0.00%             | 2029-06-30      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| TRONOX INC                                                                 | Tronox Inc                                                                       | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |    335000 | PA      | $259823.32    | 0.01%             | 2029-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                                           | Duke Energy Corp                                                                 | CUSIP: 26441CBS3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    565000 | PA      | $564052.83    | 0.01%             | 2028-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                                                           | Aretec Group Inc                                                                 | CUSIP: 040133AA8<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124995.77    | 0.00%             | 2029-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHINA GREATWALL VI                                                         | China Great Wall International Holdings VI Ltd                                   | CUSIP: 000000000<br>LEI: 2549002WXX0AM0J4J905 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $201510.36    | 0.00%             | 2028-04-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTERNATIONA                                                   | Weatherford International Ltd                                                    | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $513770.64    | 0.01%             | 2030-04-30      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY RES                                                     | CenterPoint Energy Resources Corp                                                | CUSIP: 15189YAG1<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |    380000 | PA      | $388415.50    | 0.01%             | 2028-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                           | Deutsche Bank AG/New York NY                                                     | CUSIP: 251526CV9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    305000 | PA      | $309532.10    | 0.01%             | 2028-02-08      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd                                                         | Athene Holding Ltd                                                               | CUSIP: 04686JAA9<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    475000 | PA      | $470542.22    | 0.01%             | 2028-01-12      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| HARLEY-DAVIDSON FINL SER                                                   | Harley-Davidson Financial Services Inc                                           | CUSIP: 41283LBA2<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |    145000 | PA      | $141327.78    | 0.00%             | 2027-02-14      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| HERSHEY COMPANY                                                            | Hershey Co/The                                                                   | CUSIP: 427866BK3<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60581.10     | 0.00%             | 2028-02-24      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PDU7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    765000 | PA      | $783333.69    | 0.02%             | 2029-07-24      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                                          | Eversource Energy                                                                | CUSIP: 30040WAY4<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135882.48    | 0.00%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                                                     | GE HealthCare Technologies Inc                                                   | CUSIP: 36267VAF0<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    595000 | PA      | $609900.11    | 0.01%             | 2027-11-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                                   | Penske Truck Leasing Co Lp / PTL Finance Corp                                    | CUSIP: 709599BZ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $153362.84    | 0.00%             | 2029-03-30      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Abu Dhabi Government International Bonds                                   | Abu Dhabi Government International Bonds                                         | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |    800000 | PA      | $750122.67    | 0.02%             | 2029-09-30      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                 | Intel Corp                                                                       | CUSIP: 458140BT6<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    270000 | PA      | $247575.16    | 0.01%             | 2028-08-12      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| LG ELECTRONICS INC                                                         | LG Electronics Inc                                                               | CUSIP: 000000000<br>LEI: 988400RMQFTGZIOG0609 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $203130.95    | 0.00%             | 2027-04-24      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                  | ONEOK Inc                                                                        | CUSIP: 682680CC5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    185000 | PA      | $183133.71    | 0.00%             | 2029-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA                                                   | Export-Import Bank of Korea                                                      | CUSIP: 30217G2C3<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $184972.05    | 0.00%             | 2028-10-19      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                     | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822BY9<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    765000 | PA      | $742347.95    | 0.02%             | 2027-07-20      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 912828ZB9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6400000 | PA      | $6120000.00   | 0.14%             | 2027-02-28      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                                               | NiSource Inc                                                                     | CUSIP: 65473PAR6<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155857.71    | 0.00%             | 2054-11-30      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| F&G ANNUITIES & LIFE INC                                                   | F&G Annuities & Life Inc                                                         | CUSIP: 30190AAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $180294.89    | 0.00%             | 2029-06-04      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ITC HOLDINGS CORP                                                          | ITC Holdings Corp                                                                | CUSIP: 465685AR6<br>LEI: 549300HTO5U9D3SLE207 | Long             | DBT              | CORP              | US        |    540000 | PA      | $543339.18    | 0.01%             | 2027-09-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                                             | Fannie Mae-Aces                                                                  | CUSIP: 3136AV7G8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    770192 | PA      | $753973.19    | 0.02%             | 2027-02-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                               | Synopsys Inc                                                                     | CUSIP: 871607AA5<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    545000 | PA      | $545697.07    | 0.01%             | 2027-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| XP INC                                                                     | XP Inc                                                                           | CUSIP: 000000000<br>LEI: 5493008KDA8NBZRJST80 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $203808.37    | 0.00%             | 2029-07-02      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CCJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17800000 | PA      | $17272257.77  | 0.39%             | 2026-06-30      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS                                                   | First Abu Dhabi Bank PJSC                                                        | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $204104.91    | 0.00%             | 2035-01-16      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Phillips 66                                                                | Phillips 66                                                                      | CUSIP: 718546AR5<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |    335000 | PA      | $330507.97    | 0.01%             | 2028-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE TELEKOM INT FIN                                                   | Deutsche Telekom International Finance BV                                        | CUSIP: 25156PBA0<br>LEI: 529900ERDFHS6C1M4U58 | Long             | DBT              | CORP              | NL        |    210000 | PA      | $207136.06    | 0.00%             | 2027-01-19      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FIN USA LTD                                                   | BHP Billiton Finance USA Ltd                                                     | CUSIP: 055451BC1<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |    340000 | PA      | $347576.62    | 0.01%             | 2028-09-08      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| LA MONDIALE                                                                | La Mondiale SAM                                                                  | CUSIP: 000000000<br>LEI: 969500L0T16HX3R78P61 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $201071.20    | 0.00%             | 2047-01-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SATS TREASURY PTE LTD                                                      | Sats Treasury Pte Ltd                                                            | CUSIP: 000000000<br>LEI: 254900I8S3NS01XMTR57 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $202702.29    | 0.00%             | 2029-01-23      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                | BNP Paribas SA                                                                   | CUSIP: 09659W2V5<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    575000 | PA      | $582095.79    | 0.01%             | 2029-01-13      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                                                    | Nationwide Building Society                                                      | CUSIP: 63861VAH0<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    275000 | PA      | $277295.91    | 0.01%             | 2027-07-27      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                                                        | Coinbase Global Inc                                                              | CUSIP: 19260QAC1<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |    330000 | PA      | $310706.56    | 0.01%             | 2028-10-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                                                         | Pacific Life Global Funding II                                                   | CUSIP: 69448TAC5<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201046.51    | 0.00%             | 2028-05-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                                   | Service Properties Trust                                                         | CUSIP: 44106MAX0<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |    120000 | PA      | $111898.39    | 0.00%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 31418D5B4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1345431 | PA      | $1192138.74   | 0.03%             | 2036-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                                                    | K Hovnanian Enterprises Inc                                                      | CUSIP: 48251UAM0<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |    135000 | PA      | $145928.46    | 0.00%             | 2029-09-30      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                                        | Oman Government International Bonds                                              | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    800000 | PA      | $816285.08    | 0.02%             | 2028-01-17      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 912828Z78<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30700000 | PA      | $29571535.23  | 0.67%             | 2027-01-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                                              | CommScope LLC                                                                    | CUSIP: 203372AV9<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    207000 | PA      | $204942.97    | 0.00%             | 2028-07-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| BLACK HILLS CORP                                                           | Black Hills Corp                                                                 | CUSIP: 092113AT6<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |    100000 | PA      | $90208.67     | 0.00%             | 2030-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| KR SMES & STARTUPS AGEN                                                    | Korea SMEs and Startups Agency                                                   | CUSIP: 000000000<br>LEI: 988400052G1DUHESDM19 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $194922.61    | 0.00%             | 2026-08-30      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                                                    | Honeywell International Inc                                                      | CUSIP: 438516CJ3<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    301000 | PA      | $306264.40    | 0.01%             | 2028-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| TOUCAN FINCO LTD/CAN/US                                                    | Toucan FinCo Ltd/Toucan FinCo Can Inc/Toucan FinCo US LLC                        | CUSIP: 89157UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    225000 | PA      | $230205.80    | 0.01%             | 2030-05-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XFH4<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150816.09    | 0.00%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                     | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KCH1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    370000 | PA      | $371274.51    | 0.01%             | 2027-07-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| DP WORLD CRESCENT LTD                                                      | DP World Crescent Ltd                                                            | CUSIP: 000000000<br>LEI: 21380096JRTWB8TL9236 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $191613.18    | 0.00%             | 2030-01-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DOLLAR GENERAL CORP                                                        | Dollar General Corp                                                              | CUSIP: 256677AN5<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111891.58    | 0.00%             | 2028-07-05      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| NATIONAL CENTRAL COOLING                                                   | National Central Cooling Co PJSC                                                 | CUSIP: 000000000<br>LEI: 254900E7M1Y3DXGQ1283 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $190227.14    | 0.00%             | 2027-10-21      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DIEBOLD NIXDORF INC                                                        | Diebold Nixdorf Inc                                                              | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |    280000 | PA      | $296791.11    | 0.01%             | 2030-03-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                                                   | Altice France Holding SA                                                         | CUSIP: 02156TAB0<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |    270000 | PA      | $99086.05     | 0.00%             | 2027-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GRIFFON CORPORATION                                                        | Griffon Corp                                                                     | CUSIP: 398433AP7<br>LEI: 5493000C2SGNC7ZN3242 | Long             | DBT              | CORP              | US        |    295000 | PA      | $293460.15    | 0.01%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| HP INC                                                                     | HP Inc                                                                           | CUSIP: 40434LAB1<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |    325000 | PA      | $316735.53    | 0.01%             | 2027-06-17      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                                                      | Rio Tinto Finance USA PLC                                                        | CUSIP: 76720AAS5<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    450000 | PA      | $456754.55    | 0.01%             | 2030-03-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                   | European Investment Bank                                                         | CUSIP: 298785KG0<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |   1865000 | PA      | $1907101.07   | 0.04%             | 2030-03-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BOC AVIATION USA CORP                                                      | BOC Aviation USA Corp                                                            | CUSIP: 66980Q2D8<br>LEI: 254900QKLTY6MF4Y3P65 | Long             | DBT              | CORP              | US        |    200000 | PA      | $207392.61    | 0.00%             | 2028-11-09      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PENTAIR FINANCE SARL                                                       | Pentair Finance Sarl                                                             | CUSIP: 709629AR0<br>LEI: 549300H2U8U8TZPV3T89 | Long             | DBT              | CORP              | LU        |    110000 | PA      | $109496.10    | 0.00%             | 2029-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JB HUNT TRANSPRT SVCS                                                      | JB Hunt Transport Services Inc                                                   | CUSIP: 445658CG0<br>LEI: 549300XCD1MPI1C5GK90 | Long             | DBT              | CORP              | US        |    245000 | PA      | $248182.39    | 0.01%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XEU6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    355000 | PA      | $362594.69    | 0.01%             | 2029-07-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                             | Home Depot Inc/The                                                               | CUSIP: 437076DC3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    415000 | PA      | $421673.59    | 0.01%             | 2029-06-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CSSC CAPITAL 2015 LTD                                                      | CSSC Capital 2015 Ltd                                                            | CUSIP: 000000000<br>LEI: 549300K934XNVEY4JJ41 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $186729.51    | 0.00%             | 2030-02-13      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Netflix Inc                                                                | Netflix Inc                                                                      | CUSIP: 64110LAT3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    590000 | PA      | $618784.62    | 0.01%             | 2028-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                               | UBS Group AG                                                                     | CUSIP: 902613AA6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    420000 | PA      | $396343.32    | 0.01%             | 2030-08-13      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                     | PNC Financial Services Group Inc/The                                             | CUSIP: 693475BV6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    325000 | PA      | $328804.13    | 0.01%             | 2028-01-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140GVKY0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14735 | PA      | $14380.80     | 0.00%             | 2032-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                     | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822CN2<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    390000 | PA      | $396477.70    | 0.01%             | 2028-09-13      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE                                                      | United Parcel Service Inc                                                        | CUSIP: 911312BM7<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    450000 | PA      | $438687.69    | 0.01%             | 2027-11-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| State Street Corp                                                          | State Street Corp                                                                | CUSIP: 857477BD4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148887.69    | 0.00%             | 2029-12-03      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 3128MMX24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     69220 | PA      | $67444.32     | 0.00%             | 2033-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138ETQU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    124637 | PA      | $120845.82    | 0.00%             | 2031-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                        | American Express Co                                                              | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    475000 | PA      | $479041.27    | 0.01%             | 2029-04-25      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| KROGER CO                                                                  | Kroger Co/The                                                                    | CUSIP: 501044DE8<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    335000 | PA      | $327673.22    | 0.01%             | 2026-10-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                                                        | FS KKR Capital Corp                                                              | CUSIP: 302635AM9<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    120000 | PA      | $127111.14    | 0.00%             | 2029-01-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                             | Hyundai Auto Receivables Trust 2024-C                                            | CUSIP: 448976AD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1535000 | PA      | $1537892.98   | 0.03%             | 2029-05-15      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PCJ3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    685000 | PA      | $641931.43    | 0.01%             | 2029-06-01      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                   | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBL6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    400000 | PA      | $392007.17    | 0.01%             | 2027-03-15      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| Walmart Inc                                                                | Walmart Inc                                                                      | CUSIP: 931142BF9<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    100000 | PA      | $113862.78    | 0.00%             | 2030-02-15      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                                                    | Inter-American Development Bank                                                  | CUSIP: 4581X0CY2<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    455000 | PA      | $441381.76    | 0.01%             | 2027-07-07      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| WUHAN URBAN CONSTRUCTION                                                   | Wuhan Urban Construction Group Co Ltd                                            | CUSIP: 000000000<br>LEI: 549300COGKUP1D5V6086 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $203004.75    | 0.00%             | 2027-06-24      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| DIB TIER 1 SUKUK 4                                                         | DIB Tier 1 Sukuk 4 Ltd                                                           | CUSIP: 000000000<br>LEI: 549300IQG21X8RDVRG95 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $197016.59    | 0.00%             | 2026-05-19      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ARDAGH PKG FIN/HLDGS USA                                                   | Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc                           | CUSIP: 03969AAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    255000 | PA      | $126880.32    | 0.00%             | 2027-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                         | Credit Agricole SA                                                               | CUSIP: 22535WAJ6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $523892.37    | 0.01%             | 2029-10-03      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW USA INFRA HLDS                                                   | South Bow USA Infrastructure Holdings LLC                                        | CUSIP: 83007CAC6<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    305000 | PA      | $304863.48    | 0.01%             | 2029-10-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                                                        | American Tower Corp                                                              | CUSIP: 03027XAP5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    139000 | PA      | $136627.10    | 0.00%             | 2027-07-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                              | Citigroup Inc                                                                    | CUSIP: 17327CAT0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    875000 | PA      | $871437.69    | 0.02%             | 2030-09-19      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| KOREA HYDRO & NUCLEAR PO                                                   | Korea Hydro & Nuclear Power Co Ltd                                               | CUSIP: 000000000<br>LEI: 9884008CRY5MLCN8OQ43 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $199245.22    | 0.00%             | 2027-07-27      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| KELLANOVA                                                                  | Kellanova                                                                        | CUSIP: 487836BU1<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122390.77    | 0.00%             | 2027-11-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| YI BRIGHT INTL                                                             | YI Bright International Ltd                                                      | CUSIP: 000000000<br>LEI: 300300WJ3Y9W361V6456 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $203982.54    | 0.00%             | 2027-06-20      | Fixed         | 6.68%                 | No            |                  2 | On Loan: No      |
| Constellation Brands Inc                                                   | Constellation Brands Inc                                                         | CUSIP: 21036PAQ1<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54419.80     | 0.00%             | 2026-12-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS                                                   | Public Service Enterprise Group Inc                                              | CUSIP: 744573AV8<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    255000 | PA      | $262779.49    | 0.01%             | 2027-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                       | Verizon Master Trust                                                             | CUSIP: 92348KBS1<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4025926.40   | 0.09%             | 2029-06-20      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                                           | LPL Holdings Inc                                                                 | CUSIP: 50212YAC8<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    285000 | PA      | $283440.05    | 0.01%             | 2027-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                                                          | International Finance Corp                                                       | CUSIP: 45950KDH0<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |    685000 | PA      | $691861.71    | 0.02%             | 2029-07-02      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                       | OneMain Finance Corp                                                             | CUSIP: 682695AA9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    265000 | PA      | $277777.61    | 0.01%             | 2029-01-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                                                      | RIO TINTO FIN USA PLC                                                            | CUSIP: 76720AAR7<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    220000 | PA      | $220927.00    | 0.00%             | 2028-03-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BK/NY                                                   | National Australia Bank Ltd/New York                                             | CUSIP: 63254ABE7<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |    430000 | PA      | $427334.18    | 0.01%             | 2027-06-09      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| LCPR SR SECURED FIN DAC                                                    | LCPR Senior Secured Financing DAC                                                | CUSIP: 50201DAD5<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |    215000 | PA      | $146117.92    | 0.00%             | 2029-07-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER                                                   | Banco de Credito del Peru S.A.                                                   | CUSIP: 05971V2H7<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |    200000 | PA      | $200539.37    | 0.00%             | 2035-03-10      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                                                      | Blue Owl Capital Corp                                                            | CUSIP: 69122JAC0<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62709.35     | 0.00%             | 2027-04-13      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                 | Intel Corp                                                                       | CUSIP: 458140BZ2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    210000 | PA      | $204361.52    | 0.00%             | 2029-08-05      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                               | Enbridge Inc                                                                     | CUSIP: 29250NCG8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $130259.05    | 0.00%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| POSCO                                                                      | POSCO                                                                            | CUSIP: 000000000<br>LEI: 9884000N94NH7G6LQ816 | Long             | DBT              | CORP              | KR        |    204000 | PA      | $202906.31    | 0.00%             | 2027-08-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NUVEEN LLC                                                                 | Nuveen LLC                                                                       | CUSIP: 67080LAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $161079.90    | 0.00%             | 2030-01-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| VICTRA HLDG/VICTRA FIN                                                     | Victra Holdings LLC / Victra Finance Corp                                        | CUSIP: 92648DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $146678.87    | 0.00%             | 2029-09-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME                                                     | Blue Owl Credit Income Corp                                                      | CUSIP: 69120VAW1<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    195000 | PA      | $207144.33    | 0.00%             | 2029-01-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| PAPA JOHN'S INTERNATIONA                                                   | Papa John's International Inc                                                    | CUSIP: 698813AA0<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95869.97     | 0.00%             | 2029-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ENGIE SA                                                                   | Engie SA                                                                         | CUSIP: 29286DAA3<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | DBT              | CORP              | FR        |    285000 | PA      | $290902.40    | 0.01%             | 2029-04-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                         | Realty Income Corp                                                               | CUSIP: 756109BG8<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |    243000 | PA      | $241168.51    | 0.01%             | 2027-08-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ANTARES HOLDINGS                                                           | Antares Holdings LP                                                              | CUSIP: 03666HAD3<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |    250000 | PA      | $240429.15    | 0.01%             | 2027-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 31418FE60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2358598 | PA      | $2289929.45   | 0.05%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                                                         | BMW US Capital LLC                                                               | CUSIP: 05565EBE4<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    195000 | PA      | $192270.92    | 0.00%             | 2028-08-14      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| GYP HOLDINGS III CORP                                                      | GYP Holdings III Corp                                                            | CUSIP: 36261NAA5<br>LEI: 549300055I1KJWZH9690 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101076.87    | 0.00%             | 2029-05-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SLM CORP                                                                   | SLM Corp                                                                         | CUSIP: 78442PGF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $129835.23    | 0.00%             | 2030-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LIBERTY UTILITIES CO                                                       | Liberty Utilities Co                                                             | CUSIP: 531542AA6<br>LEI: 549300UN1FEYPC5BKW09 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112645.69    | 0.00%             | 2029-01-31      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                                      | Williams Scotsman Inc                                                            | CUSIP: 96950GAE2<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    170000 | PA      | $167175.50    | 0.00%             | 2028-08-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                     | Philip Morris International Inc                                                  | CUSIP: 718172DC0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    115000 | PA      | $117867.34    | 0.00%             | 2028-09-07      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                               | Novelis Corp                                                                     | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    500000 | PA      | $479034.29    | 0.01%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                   | Ford Motor Credit Co LLC                                                         | CUSIP: 345397ZW6<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    245000 | PA      | $243167.73    | 0.01%             | 2026-08-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| MONGOLIA INTL BOND                                                         | Mongolia Government International Bond                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | MN        |    200000 | PA      | $211205.38    | 0.00%             | 2028-01-19      | Fixed         | 8.65%                 | No            |                  2 | On Loan: No      |
| CHINA CINDA 2020 I MNGMN                                                   | China Cinda 2020 I Management Ltd                                                | CUSIP: 000000000<br>LEI: 549300ZIBIB6Z9RSNU64 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $194619.66    | 0.00%             | 2027-03-18      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CubeSmart LP                                                               | CubeSmart LP                                                                     | CUSIP: 22966RAE6<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              |  | US        |    105000 | PA      | $103916.31    | 0.00%             | 2029-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                                     | Asian Development Bank                                                           | CUSIP: 045167EP4<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    605000 | PA      | $554073.76    | 0.01%             | 2029-09-19      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140M2RB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1007804 | PA      | $916577.66    | 0.02%             | 2036-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PSA TREASURY PTE LTD                                                       | PSA Treasury Pte Ltd                                                             | CUSIP: 000000000<br>LEI: 254900X7FR3V7789SL36 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $182558.86    | 0.00%             | 2030-04-30      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                                                          | INEOS Finance PLC                                                                | CUSIP: 44984WAJ6<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $199290.26    | 0.00%             | 2029-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SUN HUNG KAI PROP (CAP)                                                    | Sun Hung Kai Properties Capital Market Ltd                                       | CUSIP: 000000000<br>LEI: 222100WJDEUAP4JLW867 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $186414.22    | 0.00%             | 2030-01-21      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ABU DHABI GOVT INT'L                                                       | Abu Dhabi Government International Bond                                          | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |    800000 | PA      | $766904.84    | 0.02%             | 2030-04-16      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                           | T-Mobile USA Inc                                                                 | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2105000 | PA      | $2041774.73   | 0.05%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                                        | NCL Corp Ltd                                                                     | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    225000 | PA      | $238837.49    | 0.01%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA LTD                                                      | Rio Tinto Finance USA Ltd                                                        | CUSIP: 767201AD8<br>LEI: 213800RX94ZKEZXPKH58 | Long             | DBT              | CORP              | AU        |    270000 | PA      | $290808.56    | 0.01%             | 2028-07-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Lennar Corp                                                                | Lennar Corp                                                                      | CUSIP: 526057CD4<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |    352000 | PA      | $353115.34    | 0.01%             | 2027-11-29      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| IDEX CORP                                                                  | IDEX Corp                                                                        | CUSIP: 45167RAJ3<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | DBT              | CORP              | US        |    105000 | PA      | $106166.57    | 0.00%             | 2029-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                                                        | White Cap Buyer LLC                                                              | CUSIP: 96350RAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $199562.82    | 0.00%             | 2028-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| OEKB OEST. KONTROLLBANK                                                    | Oesterreichische Kontrollbank AG                                                 | CUSIP: 676167CP2<br>LEI: 5299000OVRLMF858L016 | Long             | DBT              | CORP              | AT        |    365000 | PA      | $371950.14    | 0.01%             | 2030-01-24      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Abu Dhabi Government International Bonds                                   | Abu Dhabi Government International Bonds                                         | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |    400000 | PA      | $373655.23    | 0.01%             | 2028-06-02      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| XINGCHENG BVI                                                              | Xingcheng Bvi Ltd                                                                | CUSIP: 000000000<br>LEI: 655600FFMBOY3ZM8Q607 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $193035.80    | 0.00%             | 2026-10-08      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140QHPV1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1091926 | PA      | $994372.05    | 0.02%             | 2036-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                   | Benchmark 2020-B21 Mortgage Trust                                                | CUSIP: 08163LAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    397155 | PA      | $387116.41    | 0.01%             | 2053-12-17      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| ZIPRECRUITER INC                                                           | ZipRecruiter Inc                                                                 | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |    170000 | PA      | $129074.07    | 0.00%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAZOON ASSETS CO SAOC                                                      | Mazoon Assets Co SAOC                                                            | CUSIP: 000000000<br>LEI: 6354003TDIRN5Y6LJP91 | Long             | DBT              | CORP              | OM        |    200000 | PA      | $201285.96    | 0.00%             | 2027-11-08      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MIRAE ASSET SECURITIES                                                     | Mirae Asset Securities Co Ltd                                                    | CUSIP: 000000000<br>LEI: 98840072S6T63E2V1291 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $202950.94    | 0.00%             | 2027-01-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CCL INDUSTRIES INC                                                         | CCL Industries Inc                                                               | CUSIP: 124900AD3<br>LEI: 549300TD3EMSRRC0YH75 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $184877.25    | 0.00%             | 2030-06-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                                                     | Marriott International Inc/MD                                                    | CUSIP: 571903AY9<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    140000 | PA      | $138466.20    | 0.00%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIEMENS FINANCIERINGSMAT                                                   | Siemens Financieringsmaatschappij NV                                             | CUSIP: 826200AD9<br>LEI: TAFO772JB70PDRN5VS48 | Long             | DBT              | CORP              | NL        |    555000 | PA      | $565083.81    | 0.01%             | 2026-08-17      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Indonesia Asahan Aluminium PT/Mineral Industri Indonesia Persero PT        | Indonesia Asahan Aluminium PT/Mineral Industri Indonesia Persero PT              | CUSIP: 000000000<br>LEI: 2549008P48EB9SN2OI80 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $212005.69    | 0.00%             | 2028-11-15      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                                                    | Honeywell International Inc                                                      | CUSIP: 438516CE4<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    550000 | PA      | $523276.78    | 0.01%             | 2027-03-01      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                          | HSBC Holdings PLC                                                                | CUSIP: 404280ED7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $411426.04    | 0.01%             | 2030-03-04      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                                                    | Sasol Financing USA LLC                                                          | CUSIP: 80386WAC9<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197377.80    | 0.00%             | 2026-09-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ECOLAB INC                                                                 | Ecolab Inc                                                                       | CUSIP: 278865BL3<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |    365000 | PA      | $351091.63    | 0.01%             | 2027-02-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Abu Dhabi Government International Bonds                                   | Abu Dhabi Government International Bonds                                         | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |    600000 | PA      | $615000.44    | 0.01%             | 2029-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                                    | Imperial Brands Finance PLC                                                      | CUSIP: 45262BAF0<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    310000 | PA      | $318659.92    | 0.01%             | 2027-07-27      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CASTLE PEAK PWR FIN CO                                                     | Castle Peak Power Finance Co Ltd                                                 | CUSIP: 000000000<br>LEI: 254900LYMFL8O07R2452 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $195834.41    | 0.00%             | 2027-07-25      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                               | Broadcom Inc                                                                     | CUSIP: 11135FCE9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    425000 | PA      | $429647.32    | 0.01%             | 2028-04-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                               | UBS Group AG                                                                     | CUSIP: 225401AC2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    705000 | PA      | $700402.34    | 0.02%             | 2028-01-09      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                                | BBCMS Mortgage Trust 2024-5C29                                                   | CUSIP: 05555PAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $305066.45    | 0.01%             | 2057-09-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                     | Pacific Gas and Electric Co                                                      | CUSIP: 694308KW6<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150803.15    | 0.00%             | 2028-06-04      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                                   | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    305000 | PA      | $288421.47    | 0.01%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| Experian Finance PLC                                                       | Experian Finance PLC                                                             | CUSIP: 30217AAB9<br>LEI: 635400RKRK5EGXSPC782 | Long             | DBT              | CORP              | GB        |    210000 | PA      | $208543.50    | 0.00%             | 2029-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                                                   | Santander UK Group Holdings PLC                                                  | CUSIP: 80281LAV7<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $310299.73    | 0.01%             | 2031-04-15      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XDW3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    514000 | PA      | $516643.09    | 0.01%             | 2027-04-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNA                                                   | Compass Minerals International Inc                                               | CUSIP: 20451NAG6<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |     54000 | PA      | $54130.53     | 0.00%             | 2027-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHINA CINDA 2020 I MNGMN                                                   | China Cinda 2020 I Management Ltd                                                | CUSIP: 000000000<br>LEI: 549300ZIBIB6Z9RSNU64 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $202160.81    | 0.00%             | 2027-07-23      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2014-2 A PTT                                                    | United Airlines 2014-2 Class A Pass Through Trust                                | CUSIP: 90932QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    172337 | PA      | $169946.73    | 0.00%             | 2026-09-03      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Trimble Inc                                                                | Trimble Inc                                                                      | CUSIP: 896239AC4<br>LEI: 549300E2MI7NSZFQWS19 | Long             | DBT              | CORP              | US        |    165000 | PA      | $166708.72    | 0.00%             | 2028-06-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                                   | Olympus Water US Holding Corp                                                    | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    255000 | PA      | $242914.61    | 0.01%             | 2028-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                                    | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAQ4<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $199833.33    | 0.00%             | 2029-05-09      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BK OF ENGLAND EURO NOTE                                                    | Bank of England Euro Note                                                        | CUSIP: 38376HAK4<br>LEI: YUEDD7W89PH0FV8Q2S28 | Long             | DBT              | NUSS              | GB        |    575000 | PA      | $578639.33    | 0.01%             | 2027-03-05      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                                                      | Becton Dickinson & Co                                                            | CUSIP: 075887BW8<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    597000 | PA      | $589828.11    | 0.01%             | 2027-06-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INC                                                      | Texas Instruments Inc                                                            | CUSIP: 882508BV5<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    235000 | PA      | $237673.73    | 0.01%             | 2028-02-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                            | Danske Bank A/S                                                                  | CUSIP: 23636ABJ9<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    200000 | PA      | $199107.57    | 0.00%             | 2030-10-02      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                             | Morgan Stanley                                                                   | CUSIP: 61744YAP3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    975000 | PA      | $958936.50    | 0.02%             | 2029-01-24      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| JUNIPER NETWORKS INC                                                       | Juniper Networks Inc                                                             | CUSIP: 48203RAM6<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | DBT              | CORP              | US        |    130000 | PA      | $125801.63    | 0.00%             | 2029-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PAYPAL HOLDINGS INC                                                        | PayPal Holdings Inc                                                              | CUSIP: 70450YAD5<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |    205000 | PA      | $201105.39    | 0.00%             | 2026-10-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| INNOPHOS HOLDINGS INC                                                      | Innophos Holdings Inc                                                            | CUSIP: 45774NAD0<br>LEI: XQ0331QX53IRX25OY417 | Long             | DBT              | CORP              | US        |    150825 | PA      | $152640.28    | 0.00%             | 2029-06-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                               | Broadcom Inc                                                                     | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    715000 | PA      | $729270.61    | 0.02%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138ERJC5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     17848 | PA      | $17584.01     | 0.00%             | 2030-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LENNOX INTERNATIONAL INC                                                   | Lennox International Inc                                                         | CUSIP: 526107AF4<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | DBT              | CORP              | US        |    160000 | PA      | $151449.54    | 0.00%             | 2027-08-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| NVIDIA Corp                                                                | NVIDIA Corp                                                                      | CUSIP: 67066GAE4<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |    326000 | PA      | $322367.26    | 0.01%             | 2026-09-16      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                        | American Express Co                                                              | CUSIP: 025816DG1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    380000 | PA      | $382976.43    | 0.01%             | 2027-07-28      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| CENTRAIS ELETRICAS BRASI                                                   | Centrais Eletricas Brasileiras SA                                                | CUSIP: 000000000<br>LEI: 254900I8KYDELP4B4Z08 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $189783.74    | 0.00%             | 2030-02-04      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Netflix Inc                                                                | Netflix Inc                                                                      | CUSIP: 64110LAU0<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    255000 | PA      | $264686.51    | 0.01%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TRANSALTA CORP                                                             | TransAlta Corp                                                                   | CUSIP: 89346DAH0<br>LEI: 984500EE2ADD850F1C96 | Long             | DBT              | CORP              | CA        |    115000 | PA      | $119693.73    | 0.00%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GUARDIAN LIFE GLOB FUND                                                    | Guardian Life Global Funding                                                     | CUSIP: 40139LBE2<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46055.43     | 0.00%             | 2028-09-16      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| TURKIYE IS BANKASI A.S                                                     | Turkiye Is Bankasi AS                                                            | CUSIP: 000000000<br>LEI: 789000FIRX9MDN0KTM91 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $206741.61    | 0.00%             | 2029-06-12      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ICON INVESTMENTS SIX DAC                                                   | Icon Investments Six DAC                                                         | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |    210000 | PA      | $213589.57    | 0.00%             | 2027-05-08      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                               | Broadcom Inc                                                                     | CUSIP: 11135FBD2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152789.65    | 0.00%             | 2030-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MCKESSON CORP                                                              | McKesson Corp                                                                    | CUSIP: 581557BV6<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149373.60    | 0.00%             | 2029-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JAPAN TOBACCO INC                                                          | Japan Tobacco Inc                                                                | CUSIP: 471105AD8<br>LEI: 353800Z0ENYBQO0XRJ31 | Long             | DBT              | CORP              | JP        |    250000 | PA      | $256247.61    | 0.01%             | 2030-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                             | Bombardier Inc                                                                   | CUSIP: 097751BZ3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    225000 | PA      | $233670.64    | 0.01%             | 2029-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ZOETIS INC                                                                 | Zoetis Inc                                                                       | CUSIP: 98978VAS2<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    200000 | PA      | $178928.78    | 0.00%             | 2030-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| D.R. HORTON INC                                                            | DR Horton Inc                                                                    | CUSIP: 23331ABP3<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |    140000 | PA      | $131376.11    | 0.00%             | 2027-10-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                                                | Gap Inc/The                                                                      | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |    215000 | PA      | $198115.53    | 0.00%             | 2029-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XDP8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    325000 | PA      | $303335.18    | 0.01%             | 2028-10-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                                        | NatWest Markets PLC                                                              | CUSIP: 63906YAH1<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |    270000 | PA      | $274837.92    | 0.01%             | 2027-05-17      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                      | Truist Financial Corp                                                            | CUSIP: 89788MAL6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    560000 | PA      | $565035.37    | 0.01%             | 2029-01-26      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                                                   | Canadian Pacific Railway Co                                                      | CUSIP: 13645RAY0<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    205000 | PA      | $203017.33    | 0.00%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Roche Holdings Inc                                                         | Roche Holdings Inc                                                               | CUSIP: 771196BP6<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |    235000 | PA      | $231216.08    | 0.01%             | 2028-09-17      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                                                    | Nationwide Building Society                                                      | CUSIP: 63861VAF4<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    245000 | PA      | $238830.24    | 0.01%             | 2028-02-16      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| Nordstrom Inc                                                              | Nordstrom Inc                                                                    | CUSIP: 655664AH3<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102581.06    | 0.00%             | 2028-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                    | Hyundai Capital America                                                          | CUSIP: 44891ABT3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    280000 | PA      | $261616.12    | 0.01%             | 2028-01-10      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                     | PNC Financial Services Group Inc/The                                             | CUSIP: 693475AZ8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    595000 | PA      | $549923.71    | 0.01%             | 2030-01-22      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| GATX Corp                                                                  | GATX Corp                                                                        | CUSIP: 361448BC6<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109797.74    | 0.00%             | 2028-11-07      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                                                   | Thermo Fisher Scientific Inc                                                     | CUSIP: 883556CK6<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    195000 | PA      | $180376.91    | 0.00%             | 2028-10-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46625HJZ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    600000 | PA      | $597916.49    | 0.01%             | 2026-12-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                | Oracle Corp                                                                      | CUSIP: 68389XCD5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    550000 | PA      | $520668.44    | 0.01%             | 2028-03-25      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                             | Morgan Stanley                                                                   | CUSIP: 61746BCY0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    340000 | PA      | $346144.38    | 0.01%             | 2026-08-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Waste Management Inc                                                       | Waste Management Inc                                                             | CUSIP: 94106LBE8<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    330000 | PA      | $322139.66    | 0.01%             | 2027-11-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| SUMITOMO CORP                                                              | Sumitomo Corp                                                                    | CUSIP: 000000000<br>LEI: V82KK8NH1P0JS71FJC05 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $203170.02    | 0.00%             | 2029-07-03      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                                      | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    432900 | PA      | $421784.17    | 0.01%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132D6NZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2940698 | PA      | $2694313.12   | 0.06%             | 2036-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & CO                                                             | McCormick & Co Inc/MD                                                            | CUSIP: 579780AN7<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |    179000 | PA      | $175682.61    | 0.00%             | 2027-08-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                                                      | Novartis Capital Corp                                                            | CUSIP: 66989HAQ1<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    445000 | PA      | $431333.66    | 0.01%             | 2027-02-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                                                | PepsiCo Inc                                                                      | CUSIP: 713448GB8<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    300000 | PA      | $304215.22    | 0.01%             | 2030-02-07      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CKJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7569000 | PA      | $7631680.78   | 0.17%             | 2027-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                     | Mitsubishi UFJ Financial Group Inc                                               | CUSIP: 606822BR4<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    350000 | PA      | $320689.40    | 0.01%             | 2030-02-25      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| STATE GRID OVERSEAS INV                                                    | State Grid Overseas Investment BVI Ltd                                           | CUSIP: 000000000<br>LEI: 3003006V8BHG5158QO96 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $199764.36    | 0.00%             | 2028-05-02      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FULL HOUSE RESORTS INC                                                     | Full House Resorts Inc                                                           | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |    140000 | PA      | $135400.33    | 0.00%             | 2028-02-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                                   | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $147580.43    | 0.00%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HYUNDAI MOTOR TURKIYE                                                      | Hyundai Motor Turkiye Otomotiv AS                                                | CUSIP: 000000000<br>LEI: 789000YZQRPU4RDKPA38 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $194114.59    | 0.00%             | 2026-07-12      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                     | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    435000 | PA      | $427459.31    | 0.01%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                      | Level 3 Financing Inc                                                            | CUSIP: 527298BV4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    402410 | PA      | $457117.71    | 0.01%             | 2029-11-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP                                                       | Western Digital Corp                                                             | CUSIP: 958102AQ8<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |    175000 | PA      | $162810.75    | 0.00%             | 2029-02-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Commonwealth Edison Co                                                     | Commonwealth Edison Co                                                           | CUSIP: 202795JN1<br>LEI: D8YOXB8L2ZDC8P7Q0771 | Long             | DBT              | CORP              | US        |    215000 | PA      | $211256.18    | 0.00%             | 2028-08-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATI                                                   | Consolidated Communications Inc                                                  | CUSIP: 20903XAF0<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253899.74    | 0.01%             | 2028-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                                     | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1155000 | PA      | $1166532.02   | 0.03%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                           | Bank of Montreal                                                                 | CUSIP: 06368MJG0<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    180000 | PA      | $182284.86    | 0.00%             | 2029-01-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                                                   | Liberty Mutual Group Inc                                                         | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    175000 | PA      | $170225.81    | 0.00%             | 2051-12-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ANZ BANK NEW ZEALAND LTD                                                   | ANZ Bank New Zealand Ltd                                                         | CUSIP: 00182YAC9<br>LEI: HZSN7FQBPO5IEWYIGC72 | Long             | DBT              | CORP              | NZ        |    190000 | PA      | $195096.64    | 0.00%             | 2034-07-10      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138ETQT6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    135635 | PA      | $131590.20    | 0.00%             | 2031-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING                                                   | Met Tower Global Funding                                                         | CUSIP: 58989V2G8<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150984.29    | 0.00%             | 2027-01-16      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                                                 | Humana Inc                                                                       | CUSIP: 444859BN1<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150797.09    | 0.00%             | 2030-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TASEKO MINES LTD                                                           | Taseko Mines Ltd                                                                 | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $156591.10    | 0.00%             | 2030-05-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO                                                   | Virginia Electric and Power Co                                                   | CUSIP: 927804GB4<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    135000 | PA      | $127621.78    | 0.00%             | 2029-07-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| SAMRUK KAZYNA JSC                                                          | Fund of National Welfare Samruk-Kazyna JSC                                       | CUSIP: 000000000<br>LEI: 213800N83GBAZJ4ER974 | Long             | DBT              | CORP              | KZ        |    200000 | PA      | $192144.72    | 0.00%             | 2026-10-28      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                                                   | Alexandria Real Estate Equities Inc                                              | CUSIP: 015271AT6<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |     55000 | PA      | $50918.71     | 0.00%             | 2029-12-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138WFWW2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     67591 | PA      | $65706.87     | 0.00%             | 2030-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA PUBLIC SERVICE                                                     | Arizona Public Service Co                                                        | CUSIP: 040555CW2<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24174.27     | 0.00%             | 2027-09-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                              | Carnival Corp                                                                    | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    300000 | PA      | $304545.41    | 0.01%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                                    | Simon Property Group LP                                                          | CUSIP: 828807DF1<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              |  | US        |    350000 | PA      | $324827.10    | 0.01%             | 2029-09-13      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| ABU DHABI COMMERCIAL BNK                                                   | Abu Dhabi Commercial Bank PJSC                                                   | CUSIP: 000000000<br>LEI: 213800RWVKKIRX1AUH58 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $211507.59    | 0.00%             | 2028-11-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132CWXS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1088893 | PA      | $995584.32    | 0.02%             | 2036-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| JD.COM INC                                                                 | JD.com Inc                                                                       | CUSIP: 47215PAE6<br>LEI: 549300HVTWB0GJZ16V92 | Long             | DBT              | CORP              | KY        |    255000 | PA      | $243584.17    | 0.01%             | 2030-01-14      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                                                    | Honeywell International Inc                                                      | CUSIP: 438516BU9<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    225000 | PA      | $211648.41    | 0.00%             | 2029-08-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                         | Ally Financial Inc                                                               | CUSIP: 02005NBZ2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66198.28     | 0.00%             | 2029-05-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| TC ZIRAAT BANKASI AS                                                       | TC Ziraat Bankasi AS                                                             | CUSIP: 000000000<br>LEI: 213800K5KTZFSUS8MR51 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $201362.00    | 0.00%             | 2030-02-04      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132D6N55<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6501822 | PA      | $5947428.80   | 0.13%             | 2036-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| TSMC ARIZONA CORP                                                          | TSMC Arizona Corp                                                                | CUSIP: 872898AG6<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198515.44    | 0.00%             | 2029-04-22      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| FONDO MIVIVIENDA SA                                                        | Fondo MIVIVIENDA SA                                                              | CUSIP: 000000000<br>LEI: 549300X41PNOK11PZ670 | Long             | DBT              | NUSS              | PE        |    150000 | PA      | $149848.96    | 0.00%             | 2027-04-12      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                    | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GZK3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    878000 | PA      | $852058.26    | 0.02%             | 2028-02-24      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                                           | Paramount Global                                                                 | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    205000 | PA      | $197422.16    | 0.00%             | 2057-02-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                               | Broadcom Inc                                                                     | CUSIP: 11135FBZ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    415000 | PA      | $420003.53    | 0.01%             | 2027-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                                                   | Sumitomo Mitsui Trust Bank Ltd                                                   | CUSIP: 86563VBH1<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $205122.33    | 0.00%             | 2028-03-09      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                                   | National Rural Utilities Cooperative Finance Corp                                | CUSIP: 63743HFM9<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    160000 | PA      | $161026.46    | 0.00%             | 2027-02-05      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| INGEVITY CORP                                                              | Ingevity Corp                                                                    | CUSIP: 45688CAB3<br>LEI: 5493009UTFC4B5IMGF87 | Long             | DBT              | CORP              | US        |    180000 | PA      | $171035.72    | 0.00%             | 2028-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| OAKTREE SPECIALTY LEND                                                     | Oaktree Specialty Lending Corp                                                   | CUSIP: 67401PAD0<br>LEI: 549300J6MGCEU5928620 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113210.08    | 0.00%             | 2029-02-15      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                                                | Equinor ASA                                                                      | CUSIP: 29446MAL6<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |    105000 | PA      | $105093.80    | 0.00%             | 2028-06-02      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds                                 | Philippines Government International Bonds                                       | CUSIP: 718286CC9<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    800000 | PA      | $773707.45    | 0.02%             | 2028-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WEA Finance LLC                                                            | WEA Finance LLC                                                                  | CUSIP: 92928QAE8<br>LEI: 3CYEJKBUJZO3UW777J80 | Long             | DBT              |  | US        |    175000 | PA      | $171332.58    | 0.00%             | 2028-09-20      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ELDORADO GOLD CORP                                                         | Eldorado Gold Corp                                                               | CUSIP: 000000000<br>LEI: 5493004PWQ01YDD1IH62 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $199981.97    | 0.00%             | 2029-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VeriSign Inc                                                               | VeriSign Inc                                                                     | CUSIP: 92343EAL6<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | DBT              | CORP              | US        |     95000 | PA      | $94941.45     | 0.00%             | 2027-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Gold Pool                                                            | CUSIP: 3128MMUC5<br>LEI: 254900HROIFWPRGM1V77 | Long             | ABS-MBS          | USGSE             | US        |     65582 | PA      | $63782.79     | 0.00%             | 2030-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140QLF84<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    156363 | PA      | $145693.19    | 0.00%             | 2036-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NSTAR Electric Co                                                          | NSTAR Electric Co                                                                | CUSIP: 67021CAN7<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |    145000 | PA      | $139136.25    | 0.00%             | 2029-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                                                   | Canadian Pacific Railway Co                                                      | CUSIP: 13645RBE3<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    356000 | PA      | $343655.41    | 0.01%             | 2026-12-02      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| BONOS BANCO CENT ARGENT                                                    | Bonos Para La Reconstruccion De Una Argentina Libre                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AR        |    320000 | PA      | $310805.27    | 0.01%             | 2027-10-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC                                                            | Global Atlantic Fin Co                                                           | CUSIP: 37959GAC1<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    235000 | PA      | $230059.38    | 0.01%             | 2051-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CK HUTCHISON INTL 24                                                       | CK Hutchison International 24 Ltd                                                | CUSIP: 17887UAA3<br>LEI: 254900GAYV1MAUETUO84 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $205675.61    | 0.00%             | 2029-04-26      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PINNACLE WEST CAPITAL                                                      | Pinnacle West Capital Corp                                                       | CUSIP: 723484AN1<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45867.36     | 0.00%             | 2030-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ALPHA STAR HO IX LTD                                                       | Alpha Star Holding IX Ltd                                                        | CUSIP: 000000000<br>LEI: 254900IL2SBV9ANGBE89 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $204037.83    | 0.00%             | 2028-08-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                                    | Starwood Property Trust Inc                                                      | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    145000 | PA      | $149158.65    | 0.00%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BRITISH COLUMBIA PROV OF                                                   | Province of British Columbia Canada                                              | CUSIP: 110709AL6<br>LEI: 54930058TO7MEKUHWL16 | Long             | DBT              | NUSS              | CA        |    845000 | PA      | $868009.51    | 0.02%             | 2029-04-24      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CMZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25129000 | PA      | $25054398.28  | 0.57%             | 2030-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PTC Inc                                                                    | PTC Inc                                                                          | CUSIP: 69370CAC4<br>LEI: 54930050SSMU8SKDJ030 | Long             | DBT              | CORP              | US        |    163000 | PA      | $158795.48    | 0.00%             | 2028-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| QIIB SENIOR ORYX LTD                                                       | QIIB Senior Oryx Ltd                                                             | CUSIP: 000000000<br>LEI: 549300A07UNNRZ2DVQ26 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $203368.53    | 0.00%             | 2029-01-24      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GLAXOSMITHKLINE CAPITAL                                                    | GLAXOSMITHKLINE CAPITAL                                                          | CUSIP: 377373AM7<br>LEI: 549300U0LV41VX7LEP38 | Long             | DBT              | CORP              | GB        |    125000 | PA      | $125307.07    | 0.00%             | 2027-03-12      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                                                   | Santander UK Group Holdings PLC                                                  | CUSIP: 80281LAT2<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $520416.24    | 0.01%             | 2029-01-10      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                    | MPLX LP                                                                          | CUSIP: 55336VBN9<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297970.70    | 0.01%             | 2027-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CSL FINANCE PLC                                                            | CSL Finance PLC                                                                  | CUSIP: 12661PAB5<br>LEI: 2549007CCNBNAF4HBC02 | Long             | DBT              | CORP              | GB        |      5000 | PA      | $4948.85      | 0.00%             | 2029-04-27      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| ARAB ENERGY FUND                                                           | Arab Energy Fund /The                                                            | CUSIP: 000000000<br>LEI: 213800A54KIUYH5YD185 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $204021.86    | 0.00%             | 2030-02-26      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ADOBE INC                                                                  | Adobe Inc                                                                        | CUSIP: 00724PAC3<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72847.89     | 0.00%             | 2027-02-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| LANDWIRTSCH. RENTENBANK                                                    | Landwirtschaftliche Rentenbank                                                   | CUSIP: 515110BT0<br>LEI: 529900Z3J0N6S0F7CT25 | Long             | DBT              | CORP              | DE        |    362000 | PA      | $350340.14    | 0.01%             | 2027-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DP World Crescent Ltd.                                                     | DP World Crescent Ltd.                                                           | CUSIP: 000000000<br>LEI: 21380096JRTWB8TL9236 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $401481.62    | 0.01%             | 2028-09-26      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| EASTERN GAS TRAN                                                           | Eastern Gas Transmission & Storage Inc                                           | CUSIP: 276480AH3<br>LEI: H2VQBNB3NSKRM5QWBI71 | Long             | DBT              | CORP              | US        |    125000 | PA      | $117774.58    | 0.00%             | 2029-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LAND NORDRHEIN-WESTFALEN                                                   | State of North Rhine-Westphalia Germany                                          | CUSIP: 000000000<br>LEI: 529900VWPV1LPOHGJ702 | Long             | DBT              | NUSS              | DE        |    400000 | PA      | $404364.26    | 0.01%             | 2030-02-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3138WEMY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     36136 | PA      | $35195.53     | 0.00%             | 2030-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TRANSCONT GAS PIPE LINE                                                    | Transcontinental Gas Pipe Line Co LLC                                            | CUSIP: 893574AP8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $188121.88    | 0.00%             | 2030-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                       | Mercedes-Benz Finance North America LLC                                          | CUSIP: 58769JAW7<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252108.82    | 0.01%             | 2029-08-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Lennar Corp                                                                | Lennar Corp                                                                      | CUSIP: 526057CV4<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65282.71     | 0.00%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XFJ0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152552.27    | 0.00%             | 2030-07-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                       | Royal Bank of Canada                                                             | CUSIP: 78016HZV5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $204249.85    | 0.00%             | 2029-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT INC                                                              | Open Text Holdings Inc                                                           | CUSIP: 683720AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $257375.98    | 0.01%             | 2030-02-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                                                   | Northwestern Mutual Global Funding                                               | CUSIP: 66815L2F5<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |    322000 | PA      | $310265.29    | 0.01%             | 2027-01-11      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CRH America Finance Inc                                                    | CRH America Finance Inc                                                          | CUSIP: 12636YAA0<br>LEI: 549300WEVUODRJ4CWK56 | Long             | DBT              | CORP              | US        |    210000 | PA      | $205929.48    | 0.00%             | 2027-05-09      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| DEERE & COMPANY                                                            | Deere & Co                                                                       | CUSIP: 244199BD6<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | DBT              | CORP              | US        |    105000 | PA      | $109364.43    | 0.00%             | 2029-10-16      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                        | JPMorgan Chase & Co                                                              | CUSIP: 46647PEL6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    705000 | PA      | $711808.40    | 0.02%             | 2028-07-22      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| EMIRATES NBD BANK PJSC                                                     | Emirates NBD Bank PJSC                                                           | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $208249.24    | 0.00%             | 2028-10-11      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DAI-ICHI LIFE INSURANCE                                                    | Dai-ichi Life Insurance Co Ltd/The                                               | CUSIP: 23380YAD9<br>LEI: 3538001235ACEIORUV72 | Long             | DBT              | CORP              | JP        |    850000 | PA      | $840589.97    | 0.02%             | 2026-07-24      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                                             | Lowe's Cos Inc                                                                   | CUSIP: 548661EG8<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    272000 | PA      | $267425.27    | 0.01%             | 2027-04-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| BOS FUNDING LTD                                                            | BOS Funding Ltd                                                                  | CUSIP: 000000000<br>LEI: 635400PTLHUGAMGH6I34 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $416489.79    | 0.01%             | 2028-03-14      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                                                   | Citizens Financial Group Inc                                                     | CUSIP: 174610AR6<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    117000 | PA      | $115039.01    | 0.00%             | 2026-07-27      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Amgen Inc                                                                  | Amgen Inc                                                                        | CUSIP: 031162CQ1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    165000 | PA      | $160794.01    | 0.00%             | 2027-11-02      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                                                             | Merck & Co Inc                                                                   | CUSIP: 58933YBJ3<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199947.45    | 0.00%             | 2030-05-17      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                                          | Johnson & Johnson                                                                | CUSIP: 478160CE2<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    285000 | PA      | $280388.49    | 0.01%             | 2027-03-03      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| MAXAM PRILL SARL                                                           | Maxam Prill Sarl                                                                 | CUSIP: 57779MAA8<br>LEI: 984500C4C5B820A6B691 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $195711.33    | 0.00%             | 2030-07-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TTM TECHNOLOGIES INC                                                       | TTM Technologies Inc                                                             | CUSIP: 87305RAK5<br>LEI: 549300SC4BDOIS008048 | Long             | DBT              | CORP              | US        |    150000 | PA      | $142897.25    | 0.00%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ADANI PORTS AND SPECIAL                                                    | Adani Ports & Special Economic Zone Ltd                                          | CUSIP: 000000000<br>LEI: 335800QOAXP5TM7OYP69 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $193606.05    | 0.00%             | 2027-07-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FED CAISSES DESJARDINS                                                     | Federation des Caisses Desjardins du Quebec                                      | CUSIP: 31429KAH6<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |    205000 | PA      | $205442.03    | 0.00%             | 2027-08-23      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132D6NR7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4665986 | PA      | $4372295.71   | 0.10%             | 2035-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NORINCHUKIN BANK                                                           | Norinchukin Bank/The                                                             | CUSIP: 656029AJ4<br>LEI: 5493007VSMFZCPV1NB83 | Long             | DBT              | CORP              | JP        |    210000 | PA      | $210461.94    | 0.00%             | 2027-09-14      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                   | Florida Power & Light Co                                                         | CUSIP: 341081GN1<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    195000 | PA      | $195699.67    | 0.00%             | 2028-05-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| COEUR MINING INC                                                           | Coeur Mining Inc                                                                 | CUSIP: 192108BC1<br>LEI: 5493003AVK173D48DR70 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97098.90     | 0.00%             | 2029-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                                               | ING Groep NV                                                                     | CUSIP: 456837BB8<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    450000 | PA      | $446257.18    | 0.01%             | 2028-03-28      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                                     | Daimler Truck Finance North America LLC                                          | CUSIP: 233853AV2<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    160000 | PA      | $161072.84    | 0.00%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                                                   | Encore Capital Group Inc                                                         | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    150000 | PA      | $158716.65    | 0.00%             | 2029-04-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bonds                                     | Hungary Government International Bonds                                           | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    400000 | PA      | $403945.42    | 0.01%             | 2029-06-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CAISSE D'AMORT DETTE SOC                                                   | Caisse d'Amortissement de la Dette Sociale                                       | CUSIP: 12802D2P0<br>LEI: 969500P04DQJS4BPM574 | Long             | DBT              | NUSS              | FR        |   1000000 | PA      | $1000427.19   | 0.02%             | 2027-01-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Abu Dhabi Developmental Holding Co. PJSC                                   | Abu Dhabi Developmental Holding Co. PJSC                                         | CUSIP: 000000000<br>LEI: 254900G082ZFKTCR2Q75 | Long             | DBT              | CORP              | AE        |    400000 | PA      | $411753.50    | 0.01%             | 2029-05-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL BANK OF DUBAI                                                   | Commercial Bank of Dubai PSC                                                     | CUSIP: 000000000<br>LEI: 2138002DQL2YD4S8HE87 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $201368.93    | 0.00%             | 2029-10-10      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                                              | ZF North America Capital Inc                                                     | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    250000 | PA      | $237752.26    | 0.01%             | 2030-04-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KOREA DEVELOPMENT BANK                                                     | Korea Development Bank/The                                                       | CUSIP: 500630DW5<br>LEI: 549300ML2LNRZUCS7149 | Long             | DBT              | NUSS              | KR        |    400000 | PA      | $400864.00    | 0.01%             | 2028-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                                        | Dominion Energy Inc                                                              | CUSIP: 25746UDW6<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254285.53    | 0.01%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                           | Duke Energy Corp                                                                 | CUSIP: 26441CAS4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    195000 | PA      | $191121.61    | 0.00%             | 2026-09-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORPORATION                                                      | CMG Media Corp                                                                   | CUSIP: 125773AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $170378.96    | 0.00%             | 2029-06-18      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                                                   | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                        | CUSIP: 71568QAG2<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $204383.42    | 0.00%             | 2029-01-25      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HOLDCO PREFERRED STOCK                                                     | HOLDCO PREFERRED STOCK                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       104 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| KOREA ELECTRIC POWER CO                                                    | Korea Electric Power Corp                                                        | CUSIP: 000000000<br>LEI: 988400QG33WS7JEIV602 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $201305.35    | 0.00%             | 2028-02-13      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                                                     | UnitedHealth Group Inc                                                           | CUSIP: 91324PDK5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    475000 | PA      | $468461.59    | 0.01%             | 2028-06-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                                                     | Clydesdale Acquisition Holdings Inc                                              | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151765.19    | 0.00%             | 2029-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                                                   | Walgreens Boots Alliance Inc                                                     | CUSIP: 931427AS7<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |    155000 | PA      | $150032.04    | 0.00%             | 2030-04-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ONE GAS INC                                                                | ONE Gas Inc                                                                      | CUSIP: 68235PAN8<br>LEI: 549300HXDWI0LATTX840 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153478.06    | 0.00%             | 2029-04-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                       | Mercedes-Benz Finance North America LLC                                          | CUSIP: 58769JAR8<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151351.71    | 0.00%             | 2029-01-11      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                      | Toronto-Dominion Bank/The                                                        | CUSIP: 89114TZG0<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    505000 | PA      | $487579.54    | 0.01%             | 2026-09-10      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                          | Herc Holdings Inc                                                                | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    490000 | PA      | $505965.65    | 0.01%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                                         | Banco Santander SA                                                               | CUSIP: 05964HBJ3<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    290000 | PA      | $300094.42    | 0.01%             | 2030-01-17      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| SWEDISH EXPORT CREDIT                                                      | Svensk Exportkredit AB                                                           | CUSIP: 87031CAE3<br>LEI: 1FOLRR5RWTWWI397R131 | Long             | DBT              | NUSS              | SE        |     75000 | PA      | $72726.25     | 0.00%             | 2027-03-22      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ABU DHABI COMMERCIAL BNK                                                   | Abu Dhabi Commercial Bank PJSC                                                   | CUSIP: 000000000<br>LEI: 213800RWVKKIRX1AUH58 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $206401.61    | 0.00%             | 2029-01-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                                       | Saudi Government International Bonds                                             | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    600000 | PA      | $581913.44    | 0.01%             | 2027-02-03      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ISTANBUL METROPOLITAN MU                                                   | Istanbul Metropolitan Municipality                                               | CUSIP: 000000000<br>LEI: 213800T1VDQSNKA2MD76 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $216891.90    | 0.00%             | 2028-12-06      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| GEORGIA-PACIFIC LLC                                                        | Georgia-Pacific LLC                                                              | CUSIP: 37331NAK7<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |    300000 | PA      | $271557.14    | 0.01%             | 2030-04-30      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Republic of Iraq                                                           | Iraq International Bond                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | IQ        |    312500 | PA      | $310192.29    | 0.01%             | 2028-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                                  | Apple Inc                                                                        | CUSIP: 037833DN7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    605000 | PA      | $590741.52    | 0.01%             | 2026-09-11      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                                                          | Service Corp International/US                                                    | CUSIP: 817565CE2<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    225000 | PA      | $222806.70    | 0.01%             | 2029-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| AS MILEAGE PLAN IP LTD                                                     | AS Mileage Plan IP Ltd                                                           | CUSIP: 00218QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    250000 | PA      | $248143.11    | 0.01%             | 2029-10-20      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                             | Home Depot Inc/The                                                               | CUSIP: 437076BT8<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    435000 | PA      | $422628.33    | 0.01%             | 2027-09-14      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                                                    | Astrazeneca Finance LLC                                                          | CUSIP: 04636NAL7<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    360000 | PA      | $366576.52    | 0.01%             | 2029-02-26      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| EPR Properties                                                             | EPR Properties                                                                   | CUSIP: 26884UAC3<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              |  | US        |    155000 | PA      | $154517.54    | 0.00%             | 2026-12-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                     | Pacific Gas and Electric Co                                                      | CUSIP: 694308KF3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    165000 | PA      | $167099.96    | 0.00%             | 2027-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CELULOSA ARAUCO CONSTITU                                                   | Celulosa Arauco y Constitucion SA                                                | CUSIP: 000000000<br>LEI: 549300QEKV8G0AMNQD28 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $193352.19    | 0.00%             | 2029-04-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Province of Quebec                                                         | Province of Quebec Canada                                                        | CUSIP: 748149AN1<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |    320000 | PA      | $312641.15    | 0.01%             | 2027-04-12      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                                                         | Pacific Life Global Funding II                                                   | CUSIP: 6944PL2D0<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |    100000 | PA      | $93447.44     | 0.00%             | 2028-01-20      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                             | Amazon.com Inc                                                                   | CUSIP: 023135BS4<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    600000 | PA      | $529121.83    | 0.01%             | 2030-06-03      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                                     | BP Capital Markets America Inc                                                   | CUSIP: 10373QBX7<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    380000 | PA      | $384351.61    | 0.01%             | 2029-04-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                                                   | Targa Resources Partners LP / Targa Resources Partners Finance Corp              | CUSIP: 87612BBQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    255000 | PA      | $258990.06    | 0.01%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                       | Bank of America Corp                                                             | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1910000 | PA      | $1857394.30   | 0.04%             | 2027-07-22      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                                        | Buckeye Partners LP                                                              | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    145000 | PA      | $150193.98    | 0.00%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OHIO POWER COMPANY                                                         | Ohio Power Co                                                                    | CUSIP: 677415CS8<br>LEI: 06ZODLC132CY1O2Y7D77 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91879.96     | 0.00%             | 2030-04-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| XIAOMI BEST TIME INTL                                                      | Xiaomi Best Time International Ltd                                               | CUSIP: 000000000<br>LEI: 254900IGJCVEY8WNJT74 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $190041.74    | 0.00%             | 2030-04-29      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Emaar Sukuk Ltd                                                            | Emaar Sukuk Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300NZHOOO6634T541 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $197235.57    | 0.00%             | 2026-09-15      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                                         | Regal Rexnord Corp                                                               | CUSIP: 758750AM5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    395000 | PA      | $406380.46    | 0.01%             | 2028-04-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                                                         | Royalty Pharma PLC                                                               | CUSIP: 78081BAJ2<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    217000 | PA      | $205353.99    | 0.00%             | 2027-09-02      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                                             | Starbucks Corp                                                                   | CUSIP: 855244AV1<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    176000 | PA      | $169346.42    | 0.00%             | 2027-03-12      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                 | Fannie Mae Pool                                                                  | CUSIP: 3140QHET8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1273551 | PA      | $1163588.28   | 0.03%             | 2036-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE NA                                                             | Capital One NA                                                                   | CUSIP: 25466AAJ0<br>LEI: X05BVSK68TQ7YTOSNR22 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247431.64    | 0.01%             | 2026-07-27      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| LSEGA FINANCING PLC                                                        | LSEGA Financing PLC                                                              | CUSIP: 50220PAC7<br>LEI: 2138009YFYTGEHZNNZ09 | Long             | DBT              | CORP              | GB        |    355000 | PA      | $333041.26    | 0.01%             | 2028-04-06      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| KRAKATAU POSCO PT                                                          | Krakatau Posco PT                                                                | CUSIP: 000000000<br>LEI: 98450003F1F2D08D9C16 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $201664.30    | 0.00%             | 2027-06-11      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                                                       | Kraft Heinz Foods Co                                                             | CUSIP: 50077LBC9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    497000 | PA      | $490917.00    | 0.01%             | 2027-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                                     | Turkiye Government International Bonds                                           | CUSIP: 900123CQ1<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    800000 | PA      | $805145.31    | 0.02%             | 2028-10-24      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| PacifiCorp                                                                 | PacifiCorp                                                                       | CUSIP: 695114CU0<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    130000 | PA      | $125042.45    | 0.00%             | 2029-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                     | Philip Morris International Inc                                                  | CUSIP: 718172CW7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    445000 | PA      | $464273.51    | 0.01%             | 2029-11-17      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                                                   | Electricite de France SA                                                         | CUSIP: 268317AU8<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    580000 | PA      | $578140.96    | 0.01%             | 2028-09-21      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HONDA MOTOR CO LTD                                                         | Honda Motor Co Ltd                                                               | CUSIP: 438127AB8<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | DBT              | CORP              | JP        |    512000 | PA      | $496869.64    | 0.01%             | 2027-03-10      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                                     | Turkiye Government International Bonds                                           | CUSIP: 900123CL2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |   1000000 | PA      | $1007498.18   | 0.02%             | 2027-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Textron Inc                                                                | Textron Inc                                                                      | CUSIP: 883203CA7<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |    105000 | PA      | $102330.16    | 0.00%             | 2029-09-17      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                                                     | Aviation Capital Group LLC                                                       | CUSIP: 05369AAS0<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150999.04    | 0.00%             | 2030-04-10      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| STATE OIL CO OF THE AZER                                                   | State Oil Co of the Azerbaijan Republic                                          | CUSIP: 000000000<br>LEI: 2549002HARR1VE257O76 | Long             | DBT              | CORP              | AZ        |    200000 | PA      | $211745.61    | 0.00%             | 2030-03-18      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                       | Mercedes-Benz Finance North America LLC                                          | CUSIP: 58769JAQ0<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150655.14    | 0.00%             | 2027-01-11      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                                                          | Expedia Group Inc                                                                | CUSIP: 30212PBK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    286000 | PA      | $286279.63    | 0.01%             | 2027-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AIR PRODUCTS & CHEMICALS                                                   | Air Products and Chemicals Inc                                                   | CUSIP: 009158BC9<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | DBT              | CORP              | US        |    270000 | PA      | $242859.66    | 0.01%             | 2030-05-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                             | Sabre GLBL Inc                                                                   | CUSIP: 78573NAJ1<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    121000 | PA      | $122893.07    | 0.00%             | 2027-06-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                                      | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $208455.25    | 0.00%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                                     | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAK1<br>LEI: N/A                  | Long             | DBT              |  | US        |     60000 | PA      | $59449.70     | 0.00%             | 2028-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                                   | New York Life Global Funding                                                     | CUSIP: 64952WFN8<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176163.62    | 0.00%             | 2030-06-03      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                                         | Honda Auto Receivables 2024-3 Owner Trust                                        | CUSIP: 43813YAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1203049.19   | 0.03%             | 2029-03-21      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CMB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5534000 | PA      | $5546105.63   | 0.13%             | 2027-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OFFICE PPTY INCOME TRST                                                    | Office Properties Income Trust                                                   | CUSIP: 67623CAM1<br>LEI: N/A                  | Long             | DBT              |  | US        |    129398 | PA      | $106695.58    | 0.00%             | 2027-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                                  | Apple Inc                                                                        | CUSIP: 037833EY2<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299995.65    | 0.01%             | 2028-05-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                          | HSBC Holdings PLC                                                                | CUSIP: 404280CH0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $366160.63    | 0.01%             | 2031-06-04      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                                                     | UnitedHealth Group Inc                                                           | CUSIP: 91324PCW0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    253000 | PA      | $249725.93    | 0.01%             | 2027-01-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CNAC HK FINBRIDGE CO LTD                                                   | CNAC HK Finbridge Co Ltd                                                         | CUSIP: 000000000<br>LEI: 549300US1UQ7R7WABI28 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $193815.95    | 0.00%             | 2029-06-19      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| QUINCY HEALTH LLC                                                          | QUINCY HEALTH LLC                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       978 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SALESFORCE INC                                                             | Salesforce Inc                                                                   | CUSIP: 79466LAF1<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    540000 | PA      | $534584.06    | 0.01%             | 2028-04-11      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BANCO DO BRASIL (CAYMAN)                                                   | Banco do Brasil SA/Cayman                                                        | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $196691.21    | 0.00%             | 2026-09-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW CAN INFRA HOLD                                                   | South Bow Canadian Infrastructure Holdings Ltd                                   | CUSIP: 836720AF9<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $103304.38    | 0.00%             | 2055-03-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| WOORI BANK                                                                 | Woori Bank                                                                       | CUSIP: 98105GAL6<br>LEI: 549300VUVMRL6RE7R376 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $193206.33    | 0.00%             | 2027-01-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTN                                                   | Piedmont Operating Partnership LP                                                | CUSIP: 720198AJ9<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |    165000 | PA      | $172611.20    | 0.00%             | 2029-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                     | General Motors Financial Co Inc                                                  | CUSIP: 37045XEZ5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    330000 | PA      | $329464.53    | 0.01%             | 2029-10-06      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                      | Mexico Government International Bonds                                            | CUSIP: 91087BAY6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    400000 | PA      | $400403.33    | 0.01%             | 2029-05-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                                    | Dell International LLC / EMC Corp                                                | CUSIP: 24703TAM8<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    305000 | PA      | $309351.31    | 0.01%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                     | Philip Morris International Inc                                                  | CUSIP: 718172CB3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122023.40    | 0.00%             | 2027-08-17      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| KOREA DEVELOPMENT BANK                                                     | Korea Development Bank/The                                                       | CUSIP: 500630EH7<br>LEI: 549300ML2LNRZUCS7149 | Long             | DBT              | NUSS              | KR        |    400000 | PA      | $409386.70    | 0.01%             | 2030-02-03      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ABU DHABI DEVELOPMENT HO                                                   | Abu Dhabi Developmental Holding Co PJSC                                          | CUSIP: 000000000<br>LEI: 254900G082ZFKTCR2Q75 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $199339.41    | 0.00%             | 2030-05-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CLOROX COMPANY                                                             | Clorox Co/The                                                                    | CUSIP: 189054AV1<br>LEI: 54930044KVSC06Z79I06 | Long             | DBT              | CORP              | US        |     85000 | PA      | $82850.78     | 0.00%             | 2027-10-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| IBM INTERNAT CAPITAL                                                       | IBM International Capital Pte Ltd                                                | CUSIP: 449276AB0<br>LEI: 2549007KTXQQBYZO7485 | Long             | DBT              | CORP              | SG        |    165000 | PA      | $165467.66    | 0.00%             | 2027-02-05      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                                     | Santander Holdings USA Inc                                                       | CUSIP: 80282KBF2<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    335000 | PA      | $348856.12    | 0.01%             | 2029-03-09      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA                                                   | Export-Import Bank of Korea                                                      | CUSIP: 000000000<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $202299.31    | 0.00%             | 2028-11-21      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| BANK MANDIRI PT                                                            | Bank Mandiri Persero Tbk PT                                                      | CUSIP: 000000000<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $201367.65    | 0.00%             | 2028-03-24      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL SPECIALTY F                                                   | Bain Capital Specialty Finance Inc                                               | CUSIP: 05684BAC1<br>LEI: 549300V2JL72R0EYBK64 | Long             | DBT              | CORP              | US        |    140000 | PA      | $135765.69    | 0.00%             | 2026-10-13      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                                   | Enterprise Products Operating LLC                                                | CUSIP: 29379VCJ0<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    225000 | PA      | $224738.83    | 0.01%             | 2028-06-20      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| RENAISSANCERE FINANCE                                                      | RenaissanceRe Finance Inc                                                        | CUSIP: 75973QAA5<br>LEI: 54930048ETFU7B0OJ457 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19621.05     | 0.00%             | 2027-07-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                                      | Panama Government International Bonds                                            | CUSIP: 698299BF0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    400000 | PA      | $387143.60    | 0.01%             | 2028-03-17      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                                | BBCMS Mortgage Trust 2024-C28                                                    | CUSIP: 07336WAX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1028090.17   | 0.02%             | 2057-09-15      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                                             | CVR Energy Inc                                                                   | CUSIP: 12662PAF5<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    180000 | PA      | $176847.01    | 0.00%             | 2029-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PHH ESCROW ISS LCC/PHH C                                                   | PHH Escrow Issuer LLC/PHH Corp                                                   | CUSIP: 716964AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $150298.17    | 0.00%             | 2029-11-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT                                                   | Element Fleet Management Corp                                                    | CUSIP: 286181AK8<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |    280000 | PA      | $294036.90    | 0.01%             | 2028-12-04      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| ARES STRATEGIC INCOME FU                                                   | Ares Strategic Income Fund                                                       | CUSIP: 04020EAL1<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99718.39     | 0.00%             | 2028-09-09      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| TAMPA ELECTRIC CO                                                          | Tampa Electric Co                                                                | CUSIP: 875127BM3<br>LEI: WS423EPRKJIIJUITXD73 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116602.55    | 0.00%             | 2029-03-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                                                     | Williams Cos Inc/The                                                             | CUSIP: 969457CR9<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174328.84    | 0.00%             | 2030-06-30      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                         | BMO 2024-5C7 Mortgage Trust                                                      | CUSIP: 09660WAX9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $410500.15    | 0.01%             | 2057-11-15      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| ZHEJIANG ENERGY INTL LTD                                                   | Zhejiang Energy International Ltd                                                | CUSIP: 000000000<br>LEI: 3003001GY0MK7Y7R9393 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $194135.21    | 0.00%             | 2026-07-20      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP                                                      | Encompass Health Corp                                                            | CUSIP: 29261AAB6<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244006.66    | 0.01%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                       | Edison International                                                             | CUSIP: 281020BC0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    160000 | PA      | $162443.69    | 0.00%             | 2030-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                                        | Bank of Nova Scotia/The                                                          | CUSIP: 06418JAA9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    330000 | PA      | $333855.47    | 0.01%             | 2026-12-07      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CNT PRNT/CDK GLO II/FIN                                                    | Central Parent LLC / CDK Global II LLC / CDK Financing Co Inc                    | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $190859.79    | 0.00%             | 2029-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                                                     | Delek Logistics Partners LP / Delek Logistics Finance Corp                       | CUSIP: 24665FAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $165505.21    | 0.00%             | 2028-06-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| MYT HOLDING LLC SHS                                                        | MYT HOLDING LLC SHS                                                              | CUSIP: 55406N103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                               | Alphabet Inc                                                                     | CUSIP: 02079KAK3<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    290000 | PA      | $289079.31    | 0.01%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHOBANI LLC/FINANCE CORP                                                   | Chobani LLC / Chobani Finance Corp Inc                                           | CUSIP: 17027NAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $122709.11    | 0.00%             | 2028-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                     | Pacific Gas and Electric Co                                                      | CUSIP: 694308HS9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48860.58     | 0.00%             | 2027-03-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| AG ISSUER LLC                                                              | AG Issuer LLC                                                                    | CUSIP: 00119LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $174901.58    | 0.00%             | 2028-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MID-AMERICA APARTMENTS                                                     | Mid-America Apartments LP                                                        | CUSIP: 59523UAP2<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              |  | US        |     10000 | PA      | $9952.42      | 0.00%             | 2028-06-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| KOREA DEVELOPMENT BANK                                                     | Korea Development Bank/The                                                       | CUSIP: 500630EA2<br>LEI: 549300ML2LNRZUCS7149 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $206565.62    | 0.00%             | 2028-10-23      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CHINA RAILWAY XUNJIE                                                       | China Railway Xunjie Co Ltd                                                      | CUSIP: 000000000<br>LEI: 300300YS8XX94W7OT806 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $197626.92    | 0.00%             | 2026-07-28      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                                                     | Millicom International Cellular SA                                               | CUSIP: 000000000<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    180000 | PA      | $179934.11    | 0.00%             | 2029-03-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                                                   | Caterpillar Financial Services Corp                                              | CUSIP: 14913UAV2<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    175000 | PA      | $175718.71    | 0.00%             | 2027-01-07      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO                                                   | Virginia Electric and Power Co                                                   | CUSIP: 927804FZ2<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    165000 | PA      | $163275.08    | 0.00%             | 2028-04-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Yara International ASA                                                     | Yara International ASA                                                           | CUSIP: 984851AF2<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | DBT              | CORP              | NO        |    350000 | PA      | $350117.67    | 0.01%             | 2028-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                                                     | Sunoco LP / Sunoco Finance Corp                                                  | CUSIP: 86765LAQ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $184893.89    | 0.00%             | 2027-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                                                   | Microchip Technology Inc                                                         | CUSIP: 595017BE3<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |    320000 | PA      | $323501.14    | 0.01%             | 2029-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| PATTERN ENERGY OP LP/PAT                                                   | Pattern Energy Operations LP / Pattern Energy Operations Inc                     | CUSIP: 70339PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $227697.34    | 0.01%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AMERIPRISE FINANCIAL INC                                                   | Ameriprise Financial Inc                                                         | CUSIP: 03076CAN6<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | DBT              | CORP              | US        |    185000 | PA      | $192484.98    | 0.00%             | 2028-12-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                                                          | Sysco Corp                                                                       | CUSIP: 871829BL0<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    300000 | PA      | $316036.31    | 0.01%             | 2030-04-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| KOREA NATIONAL OIL CORP                                                    | Korea National Oil Corp                                                          | CUSIP: 000000000<br>LEI: 988400ZTQ08W926ONT36 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $200550.65    | 0.00%             | 2028-03-31      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                                                          | Cisco Systems Inc                                                                | CUSIP: 17275RBQ4<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    470000 | PA      | $474234.76    | 0.01%             | 2027-02-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                                                        | Go Daddy Operating Co LLC / GD Finance Co Inc                                    | CUSIP: 38016LAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $234746.95    | 0.01%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                                                   | British Telecommunications PLC                                                   | CUSIP: 11102AAE1<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    155000 | PA      | $146918.47    | 0.00%             | 2029-11-08      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| EREGLI DEMIR VE CELIK                                                      | Eregli Demir ve Celik Fabrikalari TAS                                            | CUSIP: 000000000<br>LEI: 789000VYQF5IDGG49908 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $207143.32    | 0.00%             | 2029-07-23      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                     | U.S. Treasury Notes                                                              | CUSIP: 91282CKP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $15367968.75  | 0.35%             | 2029-04-30      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| OAKTREE STRATEGIC CREDIT                                                   | Oaktree Strategic Credit Fund                                                    | CUSIP: 67403AAB5<br>LEI: 2549006RRE0JC7G43241 | Long             | DBT              | CORP              | US        |    110000 | PA      | $118463.34    | 0.00%             | 2028-11-14      | Fixed         | 8.40%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO                                                     | Global Atlantic Fin Co                                                           | CUSIP: 37959GAA5<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    170000 | PA      | $165570.02    | 0.00%             | 2029-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| SINGTEL GROUP TREASURY                                                     | SingTel Group Treasury Pte Ltd                                                   | CUSIP: 000000000<br>LEI: 2549002FQJ4364A54N70 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $197485.41    | 0.00%             | 2028-08-28      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Analog Devices Inc                                                         | Analog Devices Inc                                                               | CUSIP: 032654AN5<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |    210000 | PA      | $207771.43    | 0.00%             | 2026-12-05      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM                                                   | Amcor Flexibles North America Inc                                                | CUSIP: 02344AAD0<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |    220000 | PA      | $223045.63    | 0.01%             | 2030-03-17      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| KIMMERIDGE TEXAS GAS LLC                                                   | Kimmeridge Texas Gas LLC                                                         | CUSIP: 49446BAA2<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154112.86    | 0.00%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd                                                        | Macquarie Group Ltd                                                              | CUSIP: 55608JAP3<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |    190000 | PA      | $192054.26    | 0.00%             | 2030-01-15      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                                       | Chart Industries Inc                                                             | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    435000 | PA      | $455699.63    | 0.01%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                                   | Rogers Communications Inc                                                        | CUSIP: 775109DE8<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    370000 | PA      | $374618.38    | 0.01%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                                                       | Targa Resources Corp                                                             | CUSIP: 87612GAE1<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    345000 | PA      | $361223.33    | 0.01%             | 2029-03-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                | Freddie Mac Pool                                                                 | CUSIP: 3132D57D8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1837777 | PA      | $1631363.69   | 0.04%             | 2036-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                                                      | Huntington Bancshares Inc/OH                                                     | CUSIP: 446150AS3<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    230000 | PA      | $210420.15    | 0.00%             | 2030-02-04      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                                           | Berry Global Inc                                                                 | CUSIP: 08576PAL5<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153538.70    | 0.00%             | 2028-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                         | BMO 2024-5C8 Mortgage Trust                                                      | CUSIP: 09661XAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $720296.00    | 0.02%             | 2057-12-15      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| KOREA DEVELOPMENT BANK                                                     | Korea Development Bank/The                                                       | CUSIP: 500630EC8<br>LEI: 549300ML2LNRZUCS7149 | Long             | DBT              | NUSS              | KR        |    600000 | PA      | $602603.17    | 0.01%             | 2027-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| WEST CHINA CEMENT LTD                                                      | West China Cement Ltd                                                            | CUSIP: 000000000<br>LEI: 529900MMG3NBTIWPPR63 | Long             | DBT              | CORP              | JE        |    200000 | PA      | $183753.33    | 0.00%             | 2026-07-08      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| TRANSURBAN FINANCE CO                                                      | Transurban Finance Co Pty Ltd                                                    | CUSIP: 89400PAG8<br>LEI: 54930081LPJMUMEA6E57 | Long             | DBT              | CORP              | AU        |    210000 | PA      | $206151.97    | 0.00%             | 2027-03-22      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                                           | Ryder System Inc                                                                 | CUSIP: 78355HLF4<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125733.02    | 0.00%             | 2030-06-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Oztel Holdings SPC Ltd                                                     | Oztel Holdings SPC Ltd                                                           | CUSIP: 000000000<br>LEI: 549300RABIG0RH4JYT64 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $208421.09    | 0.00%             | 2028-04-24      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                                    | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $252263.35    | 0.01%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                                     | Egypt Government International Bond                                              | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    600000 | PA      | $605076.09    | 0.01%             | 2029-03-01      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV L                                                   | MajorDrive Holdings IV LLC                                                       | CUSIP: 56085RAA8<br>LEI: 25490044R1FR5N8FIT62 | Long             | DBT              | CORP              | US        |    155000 | PA      | $127995.77    | 0.00%             | 2029-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| STAPLES INC                                                                | Staples Inc                                                                      | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    720000 | PA      | $674601.62    | 0.02%             | 2029-09-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| STATE GRID OVERSEAS INV                                                    | State Grid Overseas Investment BVI Ltd                                           | CUSIP: 000000000<br>LEI: 3003006V8BHG5158QO96 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $193041.05    | 0.00%             | 2026-09-08      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                                             | Lowe's Cos Inc                                                                   | CUSIP: 548661DR5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    455000 | PA      | $442997.71    | 0.01%             | 2029-04-05      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| PERTAMINA GEOTHERMAL ENE                                                   | Pertamina Geothermal Energy PT                                                   | CUSIP: 000000000<br>LEI: 2549009CVV6Y7H26NV14 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $201966.58    | 0.00%             | 2028-04-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| NATIONAL SECS CLEARING                                                     | National Securities Clearing Corp                                                | CUSIP: 637639AH8<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |    270000 | PA      | $274625.93    | 0.01%             | 2027-11-21      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BRASKEM IDESA SAPI                                                         | Braskem Idesa SAPI                                                               | CUSIP: 000000000<br>LEI: YH0V7ZHY352ITDGEYB83 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $141749.50    | 0.00%             | 2029-11-15      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| SCHLUMBERGER HLDGS CORP                                                    | Schlumberger Holdings Corp                                                       | CUSIP: 806851AH4<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |    210000 | PA      | $209112.59    | 0.00%             | 2029-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                                               | ING Groep NV                                                                     | CUSIP: 456837BR3<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $203003.91    | 0.00%             | 2031-03-25      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                                       | WR Grace Holdings LLC                                                            | CUSIP: 92943GAD3<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    220000 | PA      | $218772.92    | 0.00%             | 2027-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MINMETALS BOUNTEOUS FIN                                                    | Minmetals Bounteous Finance BVI Ltd                                              | CUSIP: 000000000<br>LEI: 3003005FATJ63Y0MR949 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $199175.53    | 0.00%             | 2026-07-27      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                                                     | Morgan Stanley Bank NA                                                           | CUSIP: 61690U8A1<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    395000 | PA      | $397215.47    | 0.01%             | 2028-01-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                                                 | Terex Corp                                                                       | CUSIP: 880779BA0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    175000 | PA      | $170814.30    | 0.00%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                   | Capital One Financial Corp                                                       | CUSIP: 14040HCE3<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246591.36    | 0.01%             | 2027-05-11      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Humana Inc                                                                 | Humana Inc                                                                       | CUSIP: 444859BF8<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39680.20     | 0.00%             | 2027-03-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP SUKUK LTD                                                   | AIR Lease Corp Sukuk Ltd                                                         | CUSIP: 00914QAA5<br>LEI: 549300FDSPH65OVJVS35 | Long             | DBT              | CORP              | KY        |    210000 | PA      | $213629.28    | 0.00%             | 2028-04-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| COUNCIL OF EUROPE                                                          | Council Of Europe Development Bank                                               | CUSIP: 222213BE9<br>LEI: 549300UYNXMI821WYG82 | Long             | DBT              | NUSS              | XX        |    920000 | PA      | $924178.91    | 0.02%             | 2029-01-24      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** iShares Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer