# EDGAR Filing Document

**Accession Number:** 0001804196
**File Stem:** 0001752724-25-157958
**Filing Date:** 2025-6
**Character Count:** 160735
**Document Hash:** 0f6f26dc39d98f17e519bd7b8af2a415
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-157958.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-157958

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250731

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23511
- **FILM NUMBER:** 251077027

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

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

## Series and Classes Contracts Data

### iShares AAA CLO Active ETF (Series ID: S000079064)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000239899 | iShares AAA CLO Active ETF |  |

## Nport-Ex

April 30, 2025

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

2025 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

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

---

| |
|:---|
| **BlackRock ETF Trust II** |
| • iShares AAA CLO Active ETF \| CLOA \| NASDAQ |

---

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

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

------

Schedule of Investments (unaudited)

April 30, 2025

**iShares AAA CLO Active ETF**

**(Formerly BlackRock AAA CLO ETF)**

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Asset-Backed Securities** | **Asset-Backed Securities** | **Asset-Backed Securities** |
| &nbsp;&nbsp;&nbsp; 1988 CLO 5 Ltd., 5.80%, 07/15/37, <br> (3-mo. CME Term SOFR + 1.540%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; $2500 | $2502796 |
| 522 Funding CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 04/15/35, <br> (3-mo. CME Term SOFR + 1.330%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1750 | 1745815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.11%, 04/15/35, <br> (3-mo. CME Term SOFR + 1.850%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2500 | 2495000 |
| &nbsp;&nbsp;&nbsp; 720 East CLO IV Ltd., 5.86%, 04/15/37, <br> (3-mo. CME Term SOFR + 1.600%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 2002582 |
| &nbsp;&nbsp;&nbsp; AB BSL CLO 2 Ltd., 5.62%, 04/15/34, <br> (3-mo. CME Term SOFR + 1.362%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4700 | 4686166 |
| &nbsp;&nbsp;&nbsp; AB BSL CLO 3 Ltd., 5.52%, 04/20/38, <br> (3-mo. CME Term SOFR + 1.250%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 4948675 |
| &nbsp;&nbsp;&nbsp; AGL CLO 12 Ltd., 5.69%, 07/20/34, <br> (3-mo. CME Term SOFR + 1.422%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5102 | 5091105 |
| &nbsp;&nbsp;&nbsp; AGL CLO 29 Ltd., 5.84%, 04/21/37, <br> (3-mo. CME Term SOFR + 1.570%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1925 | 1924495 |
| &nbsp;&nbsp;&nbsp; AGL CLO 33 Ltd., 5.87%, 07/21/37, <br> (3-mo. CME Term SOFR + 1.600%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1985340 |
| &nbsp;&nbsp;&nbsp; AGL CLO 7 Ltd., 5.72%, 07/15/34, <br> (3-mo. CME Term SOFR + 1.462%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1310 | 1307853 |
| &nbsp;&nbsp;&nbsp; AGL Core CLO 15 Ltd., 5.68%, 01/20/35, <br> (3-mo. CME Term SOFR + 1.412%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4000 | 4000000 |
| &nbsp;&nbsp;&nbsp; AGL Core CLO 2 Ltd., 5.73%, 07/20/37, <br> (3-mo. CME Term SOFR + 1.460%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1000995 |
| &nbsp;&nbsp;&nbsp; AGL Core CLO 8 Ltd., 5.60%, 01/20/38, <br> (3-mo. CME Term SOFR + 1.330%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1000000 |
| &nbsp;&nbsp;&nbsp; AIMCO CLO, 5.59%, 10/17/37, <br> (3-mo. CME Term SOFR + 1.310%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 4987500 |
| &nbsp;&nbsp;&nbsp; AIMCO CLO 11 Ltd., 5.62%, 07/17/37, <br> (3-mo. CME Term SOFR + 1.340%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1800 | 1797433 |
| &nbsp;&nbsp;&nbsp; AIMCO CLO 14 Ltd., 5.52%, 04/20/34, <br> (3-mo. CME Term SOFR + 1.252%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1500 | 1493531 |
| &nbsp;&nbsp;&nbsp; AIMCO CLO 18 Ltd., 6.46%, 10/16/36, <br> (3-mo. CME Term SOFR + 2.200%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 2009800 |
| &nbsp;&nbsp;&nbsp; AIMCO CLO 23 Ltd., 5.39%, 04/20/38, <br> (3-mo. CME Term SOFR + 1.130%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 2956581 |
| &nbsp;&nbsp;&nbsp; AMMC CLO 28 Ltd., 5.82%, 07/20/37, <br> (3-mo. CME Term SOFR + 1.550%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2390 | 2389226 |
| &nbsp;&nbsp;&nbsp; AMMC CLO 31 Ltd., 5.60%, 02/20/38, <br> (3-mo. CME Term SOFR + 1.310%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 2994836 |
| &nbsp;&nbsp;&nbsp; Anchorage Capital CLO 24 Ltd., 5.69%, 07/15/37, <br> (3-mo. CME Term SOFR + 1.430%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 3000000 |
| &nbsp;&nbsp;&nbsp; Anchorage Capital CLO 7 Ltd., 5.84%, 04/28/37, <br> (3-mo. CME Term SOFR + 1.560%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 2000000 |
| &nbsp;&nbsp;&nbsp; Apidos CLO LII Ltd., 5.96%, 04/20/38, <br> (3-mo. CME Term SOFR + 1.700%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 969912 |
| &nbsp;&nbsp;&nbsp; Apidos CLO XX, 6.07%, 07/16/31, <br> (3-mo. CME Term SOFR + 1.812%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5560 | 5562779 |
| &nbsp;&nbsp;&nbsp; Apidos CLO XXXI, 5.62%, 04/15/31, <br> (3-mo. CME Term SOFR + 1.362%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1352 | 1351988 |
| &nbsp;&nbsp;&nbsp; Apidos CLO XXXIV, 5.68%, 01/20/35, <br> (3-mo. CME Term SOFR + 1.412%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4750 | 4740571 |
| &nbsp;&nbsp;&nbsp; Apidos CLO XXXIX Ltd., 5.57%, 04/21/35, <br> (3-mo. CME Term SOFR + 1.300%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3250 | 3246329 |
| &nbsp;&nbsp;&nbsp; Apidos CLO XXXVII, 5.66%, 10/22/34, <br> (3-mo. CME Term SOFR + 1.392%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3250 | 3250000 |
| &nbsp;&nbsp;&nbsp; Ares Loan Funding IV Ltd., 6.01%, 10/15/36, <br> (3-mo. CME Term SOFR + 1.750%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2290 | 2293430 |
| &nbsp;&nbsp;&nbsp; ARES Loan Funding VIII Ltd., 5.54%, 01/24/38, <br> (3-mo. CME Term SOFR + 1.250%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 6500 | 6433340 |
| &nbsp;&nbsp;&nbsp; Ares LVI CLO Ltd., 5.53%, 01/25/38, <br> (3-mo. CME Term SOFR + 1.250%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1988230 |
| &nbsp;&nbsp;&nbsp; ARES LXVII CLO Ltd., 5.47%, 01/25/38, <br> (3-mo. CME Term SOFR + 1.190%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1986000 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; ARES XLIII CLO Ltd., 5.61%, 01/15/38, <br> (3-mo. CME Term SOFR + 1.350%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; $3020 | $3013960 |
| &nbsp;&nbsp;&nbsp; ARES XXXIX CLO Ltd., 5.69%, 07/18/37, <br> (3-mo. CME Term SOFR + 1.420%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2500 | 2495000 |
| Bain Capital Credit CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.08%, 07/24/36, <br> (3-mo. CME Term SOFR + 1.800%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1700 | 1703185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 01/21/38, <br> (3-mo. CME Term SOFR + 1.330%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 999189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 07/25/37, <br> (3-mo. CME Term SOFR + 1.400%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4355 | 4354939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 04/22/35, <br> (3-mo. CME Term SOFR + 1.320%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1994934 |
| &nbsp;&nbsp;&nbsp; Ballyrock CLO 14 Ltd., 5.97%, 07/20/37, <br> (3-mo. CME Term SOFR + 1.700%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 990400 |
| &nbsp;&nbsp;&nbsp; Ballyrock CLO 19 Ltd., 5.60%, 04/20/35, <br> (3-mo. CME Term SOFR + 1.330%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1500 | 1500000 |
| &nbsp;&nbsp;&nbsp; Ballyrock CLO 2 Ltd., 5.72%, 02/20/36, <br> (3-mo. CME Term SOFR + 1.400%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2840 | 2836672 |
| Ballyrock CLO 23 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.26%, 04/25/36, <br> (3-mo. CME Term SOFR + 1.980%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3250 | 3258478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.48%, 04/25/36, <br> (3-mo. CME Term SOFR + 3.200%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1002218 |
| &nbsp;&nbsp;&nbsp; Ballyrock CLO 26 Ltd., 5.79%, 07/25/37, <br> (3-mo. CME Term SOFR + 1.510%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 998031 |
| &nbsp;&nbsp;&nbsp; Ballyrock CLO Ltd., 6.08%, 10/20/31, <br> (3-mo. CME Term SOFR + 1.812%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1001200 |
| &nbsp;&nbsp;&nbsp; BBAM U.S. CLO I Ltd., 5.46%, 03/30/38, <br> (3-mo. CME Term SOFR + 1.200%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1973826 |
| &nbsp;&nbsp;&nbsp; Beechwood Park CLO Ltd., 5.58%, 01/17/35, <br> (3-mo. CME Term SOFR + 1.300%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 2993916 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXI Ltd. Series 2020 <br> 21A, Class A1R, 5.69%, 10/15/34, <br> (3-mo. CME Term SOFR + 1.432%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 5000000 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXII Ltd., 5.62%, <br> 04/20/35, (3-mo. CME Term SOFR + 1.350%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1998000 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXIX, 5.46%, 01/25/38, <br> (3-mo. CME Term SOFR + 1.180%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 2977558 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXVI Ltd., 5.65%, <br> 07/20/37, (3-mo. CME Term SOFR + 1.380%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 999355 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXVII Ltd., 5.64%, <br> 10/20/37, (3-mo. CME Term SOFR + 1.370%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4500 | 4500000 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXXIII Ltd., 6.03%, <br> 01/25/36, (3-mo. CME Term SOFR + 1.750%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 2002590 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXXVII Ltd., 5.70%, <br> 01/25/38, (3-mo. CME Term SOFR + 1.350%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 6250 | 6250000 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXXVIII Ltd., 5.62%, <br> 01/25/38, (3-mo. CME Term SOFR + 1.310%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 4990000 |
| &nbsp;&nbsp;&nbsp; Birch Grove CLO 12 Ltd., 5.51%, 04/22/38, <br> (3-mo. CME Term SOFR + 1.170%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1500 | 1481253 |
| &nbsp;&nbsp;&nbsp; Birch Grove CLO 2 Ltd., 5.67%, 10/19/37, <br> (3-mo. CME Term SOFR + 1.400%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 3000519 |
| &nbsp;&nbsp;&nbsp; Birch Grove CLO 3 Ltd., 5.53%, 01/19/38, <br> (3-mo. CME Term SOFR + 1.260%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4000 | 3981823 |
| &nbsp;&nbsp;&nbsp; Birch Grove CLO 4 Ltd., 5.74%, 07/15/37, <br> (3-mo. CME Term SOFR + 1.480%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5820 | 5809816 |
| &nbsp;&nbsp;&nbsp; Birch Grove CLO 5 Ltd., 5.68%, 10/20/37, <br> (3-mo. CME Term SOFR + 1.410%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2500 | 2500778 |
| &nbsp;&nbsp;&nbsp; Birch Grove CLO 7 Ltd., 6.07%, 10/20/36, <br> (3-mo. CME Term SOFR + 1.800%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2750 | 2751643 |
| &nbsp;&nbsp;&nbsp; Birch Grove CLO 8 Ltd., 5.90%, 04/20/37, <br> (3-mo. CME Term SOFR + 1.630%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5210 | 5217546 |
| &nbsp;&nbsp;&nbsp; Birch Grove CLO 9 Ltd., 5.67%, 10/22/37, <br> (3-mo. CME Term SOFR + 1.400%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1750 | 1750356 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**iShares AAA CLO Active ETF**

**(Formerly BlackRock AAA CLO ETF)**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; Birch Grove CLO Ltd., 5.87%, 07/17/37, <br> (3-mo. CME Term SOFR + 1.590%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; $5000 | $5006759 |
| &nbsp;&nbsp;&nbsp; Brant Point CLO Ltd., 6.22%, 07/20/37, <br> (3-mo. CME Term SOFR + 1.950%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1700 | 1688270 |
| &nbsp;&nbsp;&nbsp; Bridge Street CLO I Ltd., 5.82%, 07/20/37, <br> (3-mo. CME Term SOFR + 1.550%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1001216 |
| &nbsp;&nbsp;&nbsp; Bridge Street CLO Ltd., 5.48%, 04/20/38, <br> (3-mo. CME Term SOFR + 1.220%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1975758 |
| Bryant Park Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 04/15/37, <br> (3-mo. CME Term SOFR + 1.620%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1920 | 1922717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.32%, 10/18/36, <br> (3-mo. CME Term SOFR + 2.050%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 3009021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.89%, 05/15/37, <br> (3-mo. CME Term SOFR + 1.570%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1500 | 1501807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.66%, 10/15/37, <br> (3-mo. CME Term SOFR + 1.400%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1350 | 1350199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 01/18/38, <br> (3-mo. CME Term SOFR + 1.340%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1998616 |
| &nbsp;&nbsp;&nbsp; Canyon Capital CLO Ltd., 5.44%, 04/15/38, <br> (3-mo. CME Term SOFR + 1.180%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2500 | 2478750 |
| &nbsp;&nbsp;&nbsp; Canyon CLO Ltd., 5.69%, 10/15/34, <br> (3-mo. CME Term SOFR + 1.432%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2500 | 2496237 |
| Carlyle U.S. CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 04/20/31, <br> (3-mo. CME Term SOFR + 1.862%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 997600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 04/15/35, <br> (3-mo. CME Term SOFR + 1.320%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 2992345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.82%, 04/20/37, <br> (3-mo. CME Term SOFR + 1.550%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 3003189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 04/15/35, <br> (3-mo. CME Term SOFR + 1.390%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 998382 |
| CarVal CLO IX-C Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 04/20/37, <br> (3-mo. CME Term SOFR + 1.680%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3750 | 3756517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.37%, 04/20/37, <br> (3-mo. CME Term SOFR + 2.100%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1002900 |
| &nbsp;&nbsp;&nbsp; CarVal CLO VC Ltd., 5.72%, 10/15/34, <br> (3-mo. CME Term SOFR + 1.462%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 945 | 943928 |
| &nbsp;&nbsp;&nbsp; Carval CLO VIII-C Ltd., 5.69%, 10/22/37, <br> (3-mo. CME Term SOFR + 1.420%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1500 | 1500702 |
| &nbsp;&nbsp;&nbsp; Carval CLO X-C Ltd., 5.73%, 07/20/37, <br> (3-mo. CME Term SOFR + 1.460%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1750 | 1751451 |
| &nbsp;&nbsp;&nbsp; CarVal CLO XI C Ltd., 5.66%, 10/20/37, <br> (3-mo. CME Term SOFR + 1.390%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4000 | 4000000 |
| &nbsp;&nbsp;&nbsp; Cayuga Park CLO Ltd., 5.66%, 07/17/34, <br> (3-mo. CME Term SOFR + 1.382%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4740 | 4737630 |
| &nbsp;&nbsp;&nbsp; Cedar Funding XIV CLO Ltd., 5.64%, 10/15/37, <br> (3-mo. CME Term SOFR + 1.380%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1999878 |
| CIFC Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 10/20/34, <br> (3-mo. CME Term SOFR + 1.432%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 750 | 748856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 04/20/34, <br> (3-mo. CME Term SOFR + 1.332%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3540 | 3540000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.66%, 07/15/36, <br> (3-mo. CME Term SOFR + 1.402%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1200 | 1197500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.67%, 07/15/36, <br> (3-mo. CME Term SOFR + 1.412%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 2997903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 01/18/38, <br> (3-mo. CME Term SOFR + 1.320%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1996000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 01/15/38, <br> (3-mo. CME Term SOFR + 1.260%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 7500 | 7459885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/23/38, <br> (3-mo. CME Term SOFR + 1.150%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1500 | 1479890 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.64%, 10/24/37, <br> (3-mo. CME Term SOFR + 1.360%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; $5000 | $4998613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/21/37, <br> (3-mo. CME Term SOFR + 1.480%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1500 | 1501661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/27/31, <br> (3-mo. CME Term SOFR + 1.350%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 999820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.77%, 04/18/37, <br> (3-mo. CME Term SOFR + 1.500%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 2002453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.49%, 01/17/38, <br> (3-mo. CME Term SOFR + 1.220%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 4939701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020 3A, Class A1R, 5.66%, 10/20/34, <br> (3-mo. CME Term SOFR + 1.392%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1560 | 1560000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021 6A, Class A, 5.66%, 10/15/34, <br> (3-mo. CME Term SOFR + 1.402%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4000 | 3992414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021 7A, Class A1, 5.67%, 01/23/35, <br> (3-mo. CME Term SOFR + 1.392%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 2994390 |
| &nbsp;&nbsp;&nbsp; Clover CLO LLC, 5.65%, 07/15/37, <br> (3-mo. CME Term SOFR + 1.390%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1999880 |
| &nbsp;&nbsp;&nbsp; Crown Point CLO 9 Ltd., 5.69%, 07/14/34, <br> (3-mo. CME Term SOFR + 1.452%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1997102 |
| &nbsp;&nbsp;&nbsp; Diameter Capital CLO 1 Ltd., 5.65%, 10/15/37, <br> (3-mo. CME Term SOFR + 1.390%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4200 | 4200155 |
| &nbsp;&nbsp;&nbsp; Diameter Capital CLO 2 Ltd., 5.65%, 10/15/37, <br> (3-mo. CME Term SOFR + 1.390%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 7300 | 7300280 |
| &nbsp;&nbsp;&nbsp; Diameter Capital CLO 3 Ltd., 5.59%, 01/15/38, <br> (3-mo. CME Term SOFR + 1.330%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 6000 | 5996341 |
| Diameter Capital CLO 7 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/20/37, <br> (3-mo. CME Term SOFR + 1.480%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4000 | 4000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.12%, 07/20/37, <br> (3-mo. CME Term SOFR + 1.850%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1300 | 1296880 |
| &nbsp;&nbsp;&nbsp; Diameter Capital CLO 8 Ltd., 5.67%, 10/20/37, <br> (3-mo. CME Term SOFR + 1.400%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1000154 |
| &nbsp;&nbsp;&nbsp; Diameter Capital CLO 9 Ltd., 5.49%, 04/20/38, <br> (3-mo. CME Term SOFR + 1.170%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 4952890 |
| &nbsp;&nbsp;&nbsp; Dryden 40 Senior Loan Fund, 5.47%, 08/15/31, <br> (3-mo. CME Term SOFR + 1.150%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 853 | 850528 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO 15 Ltd., 5.61%, 04/22/35, <br> (3-mo. CME Term SOFR + 1.340%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3550 | 3550000 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO 19 Ltd., 6.68%, 10/17/36, <br> (3-mo. CME Term SOFR + 2.400%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1002500 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO 21 Ltd., 5.92%, 10/20/36, <br> (3-mo. CME Term SOFR + 1.650%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4000 | 4000000 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO 23 Ltd., 6.06%, 04/16/36, <br> (3-mo. CME Term SOFR + 1.800%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4000 | 4006817 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO 29 Ltd., 5.79%, 04/20/37, <br> (3-mo. CME Term SOFR + 1.520%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 5002789 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO 31 Ltd., 5.63%, 07/17/37, <br> (3-mo. CME Term SOFR + 1.350%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4000 | 3997548 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO II Ltd., 5.62%, 10/20/37, <br> (3-mo. CME Term SOFR + 1.350%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2500 | 2500000 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO VIII Ltd., 5.82%, 04/20/37, <br> (3-mo. CME Term SOFR + 1.550%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4000 | 4004247 |
| &nbsp;&nbsp;&nbsp; Flatiron CLO 23 LLC, 6.08%, 04/17/36, <br> (3-mo. CME Term SOFR + 1.800%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1001700 |
| &nbsp;&nbsp;&nbsp; Flatiron CLO 25 Ltd., 5.63%, 10/17/37, <br> (3-mo. CME Term SOFR + 1.350%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3650 | 3648395 |
| &nbsp;&nbsp;&nbsp; Fort Washington CLO Ltd., 5.75%, 10/20/34, <br> (3-mo. CME Term SOFR + 1.482%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4250 | 4243625 |
| &nbsp;&nbsp;&nbsp; Galaxy XXI CLO Ltd., 5.88%, 04/20/31, <br> (3-mo. CME Term SOFR + 1.612%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2200 | 2199780 |
| &nbsp;&nbsp;&nbsp; Galaxy XXV CLO Ltd., 5.70%, 04/25/36, <br> (3-mo. CME Term SOFR + 1.420%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1000000 |
| &nbsp;&nbsp;&nbsp; Generate CLO 11 Ltd., 5.68%, 10/20/37, <br> (3-mo. CME Term SOFR + 1.410%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 2000000 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**iShares AAA CLO Active ETF**

**(Formerly BlackRock AAA CLO ETF)**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; Generate CLO 13 Ltd., 6.07%, 01/20/37, <br> (3-mo. CME Term SOFR + 1.800%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; $4000 | $4008808 |
| &nbsp;&nbsp;&nbsp; Generate CLO 15 Ltd., 5.84%, 07/20/37, <br> (3-mo. CME Term SOFR + 1.570%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 7750 | 7759921 |
| &nbsp;&nbsp;&nbsp; Generate CLO 17 Ltd., 5.67%, 10/22/37, <br> (3-mo. CME Term SOFR + 1.400%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1500 | 1499445 |
| &nbsp;&nbsp;&nbsp; Generate CLO 8 Ltd., 5.65%, 01/20/38, <br> (3-mo. CME Term SOFR + 1.380%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 3000000 |
| &nbsp;&nbsp;&nbsp; GoldenTree Loan Management U.S. CLO 17 Ltd., <br> 6.02%, 07/20/36, <br> (3-mo. CME Term SOFR + 1.750%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3200 | 3205217 |
| &nbsp;&nbsp;&nbsp; GoldentTree Loan Management U.S. CLO 1 Ltd., <br> 5.77%, 04/20/37, <br> (3-mo. CME Term SOFR + 1.500%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3675 | 3675000 |
| &nbsp;&nbsp;&nbsp; Golub Capital Partners CLO 41B-R Ltd., 5.85%, <br> 01/20/34, (3-mo. CME Term SOFR + 1.582%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4400 | 4400958 |
| &nbsp;&nbsp;&nbsp; Golub Capital Partners CLO 55B Ltd., 5.73%, <br> 07/20/34, (3-mo. CME Term SOFR + 1.462%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3500 | 3495402 |
| &nbsp;&nbsp;&nbsp; Golub Capital Partners CLO 58B Ltd., 5.72%, <br> 01/25/35, (3-mo. CME Term SOFR + 1.442%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 6150 | 6142380 |
| &nbsp;&nbsp;&nbsp; Golub Capital Partners CLO 72 B Ltd., 5.83%, <br> 04/25/37, (3-mo. CME Term SOFR + 1.550%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1320 | 1321420 |
| &nbsp;&nbsp;&nbsp; Golub Capital Partners CLO 74 B Ltd., 5.78%, <br> 07/25/37, (3-mo. CME Term SOFR + 1.500%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 3004208 |
| &nbsp;&nbsp;&nbsp; Golub Capital Partners CLO 76 B Ltd., 5.65%, <br> 10/25/37, (3-mo. CME Term SOFR + 1.370%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 3000000 |
| &nbsp;&nbsp;&nbsp; Golub Capital Partners CLO 79B Ltd., 5.42%, <br> 04/20/38, (3-mo. CME Term SOFR + 1.170%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1975443 |
| &nbsp;&nbsp;&nbsp; HalseyPoint CLO 3 Ltd., 5.76%, 07/30/37, <br> (3-mo. CME Term SOFR + 1.480%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1240 | 1237830 |
| &nbsp;&nbsp;&nbsp; HalseyPoint CLO 4 Ltd., 5.75%, 04/20/34, <br> (3-mo. CME Term SOFR + 1.482%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 4994399 |
| &nbsp;&nbsp;&nbsp; HalseyPoint CLO 6 Ltd., 6.32%, 01/20/38, <br> (3-mo. CME Term SOFR + 2.050%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 989311 |
| &nbsp;&nbsp;&nbsp; Halseypoint CLO 7 Ltd., 6.52%, 07/20/36, <br> (3-mo. CME Term SOFR + 2.250%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 5014180 |
| &nbsp;&nbsp;&nbsp; KKR CLO 50 Ltd., 5.82%, 04/20/37, <br> (3-mo. CME Term SOFR + 1.550%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 5005314 |
| &nbsp;&nbsp;&nbsp; KKR CLO 52 Ltd., 6.16%, 07/16/36, <br> (3-mo. CME Term SOFR + 1.900%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1500 | 1503525 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding LIX Ltd., 5.77%, 04/18/37, <br> (3-mo. CME Term SOFR + 1.500%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1750 | 1750000 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding LVIII Ltd., 5.79%, 04/25/37, <br> (3-mo. CME Term SOFR + 1.510%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1000887 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding LXI Ltd., 6.00%, 01/20/37, <br> (3-mo. CME Term SOFR + 1.730%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1500 | 1503750 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding LXII Ltd., 6.13%, 07/17/36, <br> (3-mo. CME Term SOFR + 1.850%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1250 | 1252671 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding LXVII Ltd., 5.79%, 04/25/37, <br> (3-mo. CME Term SOFR + 1.510%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1312 | 1313148 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding XXXVII Ltd., 6.86%, 04/15/37, <br> (3-mo. CME Term SOFR + 2.600%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1500 | 1503340 |
| &nbsp;&nbsp;&nbsp; Marathon CLO Ltd., 5.72%, 04/15/34, <br> (3-mo. CME Term SOFR + 1.462%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 998543 |
| &nbsp;&nbsp;&nbsp; Marble Point CLO XXII Ltd., 5.74%, 07/25/34, <br> (3-mo. CME Term SOFR + 1.462%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1500 | 1500000 |
| &nbsp;&nbsp;&nbsp; Midocean Credit CLO XV Ltd., 5.80%, 07/21/37, <br> (3-mo. CME Term SOFR + 1.530%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1001045 |
| &nbsp;&nbsp;&nbsp; MP CLO VIII Ltd., 5.74%, 04/28/34, <br> (3-mo. CME Term SOFR + 1.462%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4500 | 4500000 |
| &nbsp;&nbsp;&nbsp; Neuberger Berman Loan Advisers CLO 46 Ltd., <br> 5.77%, 01/20/37, <br> (3-mo. CME Term SOFR + 1.500%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 987300 |
| &nbsp;&nbsp;&nbsp; Neuberger Berman Loan Advisers CLO Ltd., 5.43%, <br> 07/25/35, (3-mo. CME Term SOFR + 1.150%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 4983125 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp; Neuberger Berman Loan Advisers NBLA CLO 52 Ltd., <br> 5.63%, 10/24/38, <br> (3-mo. CME Term SOFR + 1.350%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; $3000 | $2998810 |
| &nbsp;&nbsp;&nbsp; New Mountain CLO 2 Ltd., 5.62%, 01/15/38, <br> (3-mo. CME Term SOFR + 1.360%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 4999158 |
| New Mountain CLO 3 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.23%, 10/20/34, <br> (3-mo. CME Term SOFR + 1.962%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 997800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.71%, 10/20/34, <br> (3-mo. CME Term SOFR + 1.442%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1997102 |
| &nbsp;&nbsp;&nbsp; New Mountain CLO 4 Ltd., 6.22%, 04/20/36, <br> (3-mo. CME Term SOFR + 1.950%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3600 | 3600000 |
| Oaktree CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.82%, 04/20/37, <br> (3-mo. CME Term SOFR + 1.550%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5040 | 5042520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 01/15/38, <br> (3-mo. CME Term SOFR + 1.190%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2500 | 2477683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.16%, 04/15/36, <br> (3-mo. CME Term SOFR + 1.900%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 01/20/38, <br> (3-mo. CME Term SOFR + 1.380%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 2995392 |
| OCP CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 04/18/37, <br> (3-mo. CME Term SOFR + 1.530%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 3002873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 04/20/37, <br> (3-mo. CME Term SOFR + 1.630%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 6000 | 6008825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 04/26/36, <br> (3-mo. CME Term SOFR + 1.420%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4250 | 4246047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.61%, 11/26/37, <br> (3-mo. CME Term SOFR + 1.340%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1995000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 01/21/38, <br> (3-mo. CME Term SOFR + 1.330%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1997853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.54%, 01/20/38, <br> (3-mo. CME Term SOFR + 1.250%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4000 | 3959266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 01/26/38, <br> (3-mo. CME Term SOFR + 1.310%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5150 | 5145975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.62%, 10/20/37, <br> (3-mo. CME Term SOFR + 1.350%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 3000024 |
| &nbsp;&nbsp;&nbsp; Octagon 55 Ltd., 5.67%, 07/20/34, <br> (3-mo. CME Term SOFR + 1.402%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1995980 |
| &nbsp;&nbsp;&nbsp; Octagon 66 Ltd., 6.07%, 11/16/36, <br> (3-mo. CME Term SOFR + 1.750%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1750 | 1751313 |
| &nbsp;&nbsp;&nbsp; OHA Credit Funding 17 Ltd., 5.75%, 04/20/37, <br> (3-mo. CME Term SOFR + 1.480%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4700 | 4695300 |
| &nbsp;&nbsp;&nbsp; OHA Credit Funding 2 Ltd., 5.51%, 01/21/38, <br> (3-mo. CME Term SOFR + 1.240%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 7750 | 7668533 |
| &nbsp;&nbsp;&nbsp; OHA Credit Funding 3 Ltd., 5.59%, 01/20/38, <br> (3-mo. CME Term SOFR + 1.320%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 5000000 |
| &nbsp;&nbsp;&nbsp; OHA Credit Funding 4 Ltd., 5.56%, 01/22/38, <br> (3-mo. CME Term SOFR + 1.290%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 2995088 |
| &nbsp;&nbsp;&nbsp; OHA Credit Funding 6 Ltd., 5.60%, 10/20/37, <br> (3-mo. CME Term SOFR + 1.330%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2500 | 2500945 |
| &nbsp;&nbsp;&nbsp; OHA Credit Funding 7 Ltd., 5.57%, 02/24/37, <br> (3-mo. CME Term SOFR + 1.300%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4955 | 4955000 |
| &nbsp;&nbsp;&nbsp; OHA Credit Partners VII Ltd., 5.46%, 02/20/38, <br> (3-mo. CME Term SOFR + 1.140%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1979359 |
| &nbsp;&nbsp;&nbsp; OHA Credit Partners XVI, 5.62%, 10/18/37, <br> (3-mo. CME Term SOFR + 1.350%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3300 | 3298030 |
| OHA Loan Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 01/19/37, <br> (3-mo. CME Term SOFR + 1.412%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 4992764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.97%, 07/20/37, <br> (3-mo. CME Term SOFR + 1.700%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1800 | 1783980 |
| &nbsp;&nbsp;&nbsp; Onex CLO Subsidiary Ltd., 5.77%, 07/20/37, <br> (3-mo. CME Term SOFR + 1.500%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1001358 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**iShares AAA CLO Active ETF**

**(Formerly BlackRock AAA CLO ETF)**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| Palmer Square CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.73%, 11/14/34, <br> (3-mo. CME Term SOFR + 1.412%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; $5050 | $5043687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.97%, 11/15/36, <br> (3-mo. CME Term SOFR + 1.650%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2500 | 2498754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.97%, 11/15/36, <br> (3-mo. CME Term SOFR + 2.650%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 2004586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 04/20/35, <br> (3-mo. CME Term SOFR + 1.320%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5700 | 5685352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 10/20/37, <br> (3-mo. CME Term SOFR + 1.360%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 999681 |
| Park Blue CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.64%, 01/25/38, <br> (3-mo. CME Term SOFR + 1.340%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 4997429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.47%, 04/25/38, <br> (3-mo. CME Term SOFR + 1.220%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 2958050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.27%, 04/20/36, <br> (3-mo. CME Term SOFR + 2.000%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 6000 | 6016226 |
| &nbsp;&nbsp;&nbsp; Pikes Peak CLO 12 Ltd., 5.49%, 04/20/38, <br> (3-mo. CME Term SOFR + 1.220%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 2986500 |
| &nbsp;&nbsp;&nbsp; Pikes Peak CLO 16 Ltd., 5.74%, 07/25/37, <br> (3-mo. CME Term SOFR + 1.460%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1500 | 1500000 |
| &nbsp;&nbsp;&nbsp; Pikes Peak CLO 8, 5.60%, 01/20/38, <br> (3-mo. CME Term SOFR + 1.330%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4000 | 3997795 |
| &nbsp;&nbsp;&nbsp; Pikes Peak CLO Ltd., 6.22%, 04/20/36, <br> (3-mo. CME Term SOFR + 1.950%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2500 | 2505909 |
| &nbsp;&nbsp;&nbsp; Post CLO Ltd., 5.87%, 04/20/37, <br> (3-mo. CME Term SOFR + 1.600%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1001314 |
| &nbsp;&nbsp;&nbsp; Rad CLO 12 Ltd., 5.71%, 10/30/34, <br> (3-mo. CME Term SOFR + 1.432%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3600 | 3600000 |
| &nbsp;&nbsp;&nbsp; Rad CLO 14 Ltd., 5.69%, 01/15/35, <br> (3-mo. CME Term SOFR + 1.432%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1041 | 1042398 |
| &nbsp;&nbsp;&nbsp; Rad CLO 18 Ltd., 6.21%, 04/15/36, <br> (3-mo. CME Term SOFR + 1.950%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1002414 |
| &nbsp;&nbsp;&nbsp; Rad CLO 22 Ltd., 6.10%, 01/20/37, <br> (3-mo. CME Term SOFR + 1.830%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 5007486 |
| &nbsp;&nbsp;&nbsp; RAD CLO 27 Ltd., 5.61%, 01/15/38, <br> (3-mo. CME Term SOFR + 1.320%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2500 | 2497901 |
| &nbsp;&nbsp;&nbsp; Regatta 30 Funding Ltd., 5.63%, 01/25/38, <br> (3-mo. CME Term SOFR + 1.320%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 6000 | 5980242 |
| &nbsp;&nbsp;&nbsp; Regatta XI Funding Ltd., 5.68%, 07/17/37, <br> (3-mo. CME Term SOFR + 1.400%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 2000155 |
| &nbsp;&nbsp;&nbsp; Regatta XIX Funding Ltd., 6.12%, 04/20/35, <br> (3-mo. CME Term SOFR + 1.850%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1815 | 1813729 |
| &nbsp;&nbsp;&nbsp; Regatta XXII Funding Ltd., 5.52%, 07/20/35, <br> (3-mo. CME Term SOFR + 1.250%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 4990000 |
| &nbsp;&nbsp;&nbsp; Regatta XXIII Funding Ltd., 5.68%, 01/20/35, <br> (3-mo. CME Term SOFR + 1.412%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4500 | 4500000 |
| &nbsp;&nbsp;&nbsp; Regatta XXIV Funding Ltd., 5.59%, 01/20/38, <br> (3-mo. CME Term SOFR + 1.320%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5360 | 5350714 |
| &nbsp;&nbsp;&nbsp; Regatta XXVII Funding Ltd., 5.81%, 04/26/37, <br> (3-mo. CME Term SOFR + 1.530%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 3002977 |
| &nbsp;&nbsp;&nbsp; Regatta XXVIII Funding Ltd., 5.83%, 04/25/37, <br> (3-mo. CME Term SOFR + 1.550%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1001068 |
| &nbsp;&nbsp;&nbsp; RR 14 Ltd., 5.64%, 04/15/36, <br> (3-mo. CME Term SOFR + 1.382%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1538 | 1537681 |
| &nbsp;&nbsp;&nbsp; RR 18 Ltd., 6.12%, 10/15/34, <br> (3-mo. CME Term SOFR + 1.862%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1000200 |
| &nbsp;&nbsp;&nbsp; RR 21 Ltd., 5.66%, 07/15/39, <br> (3-mo. CME Term SOFR + 1.400%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 5000500 |
| &nbsp;&nbsp;&nbsp; RR 37 Ltd., 5.49%, 04/15/38, <br> (3-mo. CME Term SOFR + 1.180%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1982174 |
| &nbsp;&nbsp;&nbsp; RR 5 Ltd., 5.76%, 07/15/39, <br> (3-mo. CME Term SOFR + 1.500%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4500 | 4504500 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| RR 8 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.61%, 07/15/37, <br> (3-mo. CME Term SOFR + 1.350%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; $3350 | $3342879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.96%, 07/15/37, <br> (3-mo. CME Term SOFR + 1.700%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 989900 |
| RRX 7 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.62%, 07/15/35, <br> (3-mo. CME Term SOFR + 1.360%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3550 | 3543057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.26%, 07/15/35, <br> (3-mo. CME Term SOFR + 2.000%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1100 | 1101760 |
| &nbsp;&nbsp;&nbsp; Sagard-Halseypoint CLO 8 Ltd., 5.70%, 01/30/38, <br> (3-mo. CME Term SOFR + 1.390%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2440 | 2426039 |
| &nbsp;&nbsp;&nbsp; Sandstone Peak II Ltd., 6.47%, 07/20/36, <br> (3-mo. CME Term SOFR + 2.200%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 2000495 |
| &nbsp;&nbsp;&nbsp; Sculptor CLO XXXIV Ltd., 5.67%, 01/20/38, <br> (3-mo. CME Term SOFR + 1.370%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5375 | 5372914 |
| &nbsp;&nbsp;&nbsp; Signal Peak CLO 9 Ltd., 5.63%, 01/21/38, <br> (3-mo. CME Term SOFR + 1.360%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4750 | 4750000 |
| &nbsp;&nbsp;&nbsp; Silver Point CLO 4 Ltd., 5.89%, 04/15/37, <br> (3-mo. CME Term SOFR + 1.630%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 6000 | 6008685 |
| &nbsp;&nbsp;&nbsp; Silver Point CLO 5 Ltd., 6.37%, 10/20/37, <br> (3-mo. CME Term SOFR + 2.100%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 989630 |
| &nbsp;&nbsp;&nbsp; Silver Point CLO 6 Ltd., 5.66%, 10/15/37, <br> (3-mo. CME Term SOFR + 1.400%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1000184 |
| &nbsp;&nbsp;&nbsp; Silver Point CLO 7 Ltd., 5.64%, 01/15/38, <br> (3-mo. CME Term SOFR + 1.360%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4500 | 4498698 |
| &nbsp;&nbsp;&nbsp; Sixth Street CLO XVII Ltd., 5.43%, 04/17/38, <br> (3-mo. CME Term SOFR + 1.150%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5250 | 5223750 |
| &nbsp;&nbsp;&nbsp; Sixth Street CLO XX Ltd. Series 2021 20A, Class A1, <br> 5.69%, 10/20/34, <br> (3-mo. CME Term SOFR + 1.422%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1354 | 1351578 |
| &nbsp;&nbsp;&nbsp; Sixth Street CLO XXV Ltd., 5.76%, 07/24/37, <br> (3-mo. CME Term SOFR + 1.480%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4850 | 4855224 |
| Sycamore Tree CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.92%, 04/20/37, <br> (3-mo. CME Term SOFR + 1.650%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 3004637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.66%, 01/20/38, <br> (3-mo. CME Term SOFR + 1.390%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3450 | 3453063 |
| &nbsp;&nbsp;&nbsp; Symphony CLO 35 Ltd., 6.00%, 10/24/36, <br> (3-mo. CME Term SOFR + 1.700%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 2003122 |
| &nbsp;&nbsp;&nbsp; Symphony CLO 40 Ltd., 5.55%, 01/05/38, <br> (3-mo. CME Term SOFR + 1.310%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4000 | 3986000 |
| &nbsp;&nbsp;&nbsp; Symphony CLO XXVIII Ltd., 5.68%, 10/23/34, <br> (3-mo. CME Term SOFR + 1.402%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1996213 |
| Symphony CLO XXXIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.54%, 01/24/38, <br> (3-mo. CME Term SOFR + 1.260%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5500 | 5490676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 01/24/38, <br> (3-mo. CME Term SOFR + 1.600%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 989800 |
| TCW CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 01/20/38, <br> (3-mo. CME Term SOFR + 1.270%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 1992000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.66%, 10/20/37, <br> (3-mo. CME Term SOFR + 1.390%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4750 | 4751772 |
| &nbsp;&nbsp;&nbsp; Texas Debt Capital CLO Ltd., 7.27%, 04/20/36, <br> (3-mo. CME Term SOFR + 3.000%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1570 | 1573286 |
| &nbsp;&nbsp;&nbsp; Trestles CLO IV Ltd., 5.70%, 07/21/34, <br> (3-mo. CME Term SOFR + 1.432%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1830 | 1826962 |
| &nbsp;&nbsp;&nbsp; Trestles CLO Ltd., 5.74%, 07/25/37, <br> (3-mo. CME Term SOFR + 1.460%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 999500 |
| &nbsp;&nbsp;&nbsp; Trestles CLO VII Ltd., 5.66%, 10/25/37, <br> (3-mo. CME Term SOFR + 1.380%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3700 | 3699777 |
| Trimaran CAVU Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.67%, 10/22/37, <br> (3-mo. CME Term SOFR + 1.400%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 2000000 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**iShares AAA CLO Active ETF**

**(Formerly BlackRock AAA CLO ETF)**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.64%, 01/25/38, <br> (3-mo. CME Term SOFR + 1.380%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; $1500 | $1500000 |
| &nbsp;&nbsp;&nbsp; Trinitas CLO VI Ltd., 5.61%, 01/25/34, <br> (3-mo. CME Term SOFR + 1.330%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 5000000 |
| &nbsp;&nbsp;&nbsp; Trinitas CLO XXIII Ltd., 6.07%, 10/20/36, <br> (3-mo. CME Term SOFR + 1.800%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 2004010 |
| &nbsp;&nbsp;&nbsp; Trinitas CLO XXIV Ltd., 5.88%, 04/25/37, <br> (3-mo. CME Term SOFR + 1.600%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1500 | 1501905 |
| &nbsp;&nbsp;&nbsp; Trinitas CLO XXIX Ltd., 5.77%, 07/23/37, <br> (3-mo. CME Term SOFR + 1.490%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 930 | 929070 |
| &nbsp;&nbsp;&nbsp; Trinitas CLO XXV Ltd., 6.13%, 01/23/37, <br> (3-mo. CME Term SOFR + 1.850%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 2004866 |
| &nbsp;&nbsp;&nbsp; Trinitas CLO XXVI Ltd., 5.96%, 01/20/35, <br> (3-mo. CME Term SOFR + 1.690%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2100 | 2100000 |
| Voya CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.67%, 07/16/34, <br> (3-mo. CME Term SOFR + 1.412%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1500 | 1497121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.62%, 10/17/32, <br> (3-mo. CME Term SOFR + 1.342%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1467 | 1465603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.78%, 04/20/37, <br> (3-mo. CME Term SOFR + 1.510%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5500 | 5504753 |
| &nbsp;&nbsp;&nbsp; Warwick Capital CLO 1 Ltd., 7.07%, 10/20/36, <br> (3-mo. CME Term SOFR + 2.800%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1007670 |
| &nbsp;&nbsp;&nbsp; Warwick Capital CLO 4 Ltd., 5.67%, 07/20/37, <br> (3-mo. CME Term SOFR + 1.400%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 6000 | 6000284 |
| &nbsp;&nbsp;&nbsp; Warwick Capital CLO 5 Ltd., 5.68%, 01/20/38, <br> (3-mo. CME Term SOFR + 1.360%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 4997791 |
| &nbsp;&nbsp;&nbsp; Wellington Management CLO 1 Ltd., 6.07%, 10/20/36, <br> (3-mo. CME Term SOFR + 1.800%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 2004031 |
| &nbsp;&nbsp;&nbsp; Wellington Management CLO 3 Ltd., 5.63%, 07/18/37, <br> (3-mo. CME Term SOFR + 1.360%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 6000 | 5995007 |
| &nbsp;&nbsp;&nbsp; Wellington Management CLO 4 Ltd., 5.43%, 04/18/38, <br> (3-mo. CME Term SOFR + 1.150%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 3000 | 2959397 |
| Whitebox CLO I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 07/24/36, <br> (3-mo. CME Term SOFR + 1.320%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5170 | 5157075 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.03%, 07/24/36, <br> (3-mo. CME Term SOFR + 1.750%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; $1000 | $988200 |
| &nbsp;&nbsp;&nbsp; Whitebox CLO II Ltd., 5.66%, 10/24/37, <br> (3-mo. CME Term SOFR + 1.380%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2000 | 2002619 |
| &nbsp;&nbsp;&nbsp; Whitebox CLO III Ltd., 5.53%, 10/15/35, <br> (3-mo. CME Term SOFR + 1.270%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4950 | 4940100 |
| &nbsp;&nbsp;&nbsp; Wise CLO Ltd., 5.72%, 07/15/37, <br> (3-mo. CME Term SOFR + 1.460%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4000 | 4003052 |
| **Total Long-Term Investments — 98.1%** <br>**(Cost: $783,983,062)** | **Total Long-Term Investments — 98.1%** <br>**(Cost: $783,983,062)** | 781146187 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 1.6%** | **Money Market Funds — 1.6%** | **Money Market Funds — 1.6%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency Shares, <br> 4.30%<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 12610000 | 12610000 |
| **Total Short-Term Securities — 1.6%** <br>**(Cost: $12,610,000)** | **Total Short-Term Securities — 1.6%** <br>**(Cost: $12,610,000)** | 12610000 |
| **Total Investments — 99.7%** <br>**(Cost: $796,593,062)** | **Total Investments — 99.7%** <br>**(Cost: $796,593,062)** | 793756187 |
| **Other Assets Less Liabilities — 0.3%** | **Other Assets Less Liabilities — 0.3%** | 2570952 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $796327139 |

---

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

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

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

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

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

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended April 30, 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>*07/31/24*<br>| &nbsp;&nbsp; *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*04/30/25*<br>| *Shares* <br>*Held at* <br>*04/30/25*<br>| *Income* | *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency <br> Shares<br>| $10430000<br> $2180000 <br><sup>(a)</sup><br>| $— | $— | $— | $12610000 | 12610000 | $406769 | $— |

---

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

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

**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

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**iShares AAA CLO Active ETF**

**(Formerly BlackRock AAA CLO ETF)**

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

determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities | &nbsp;&nbsp; $— | &nbsp;&nbsp; $781146187 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $781146187 |
| &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; 12610000 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 12610000 |
|  | &nbsp;&nbsp; $12610000 | &nbsp;&nbsp; $781146187 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $793756187 |

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| CLO | Collateralized Loan Obligation |
| SOFR | Secured Overnight Financing Rate |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** WILMINGTON

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

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

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

- **a. Name of Series:** iShares AAA CLO Active ETF

- **b. EDGAR series identifier (if any):** S000079064

- **c. LEI of Series:** 529900KNSFG5S5J6YP44

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $796567712.76

**Total Liabilities:** $243671.03

**Net Assets:** $796324041.73

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 226344.53000000 | **1-Year:** 462.78000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000239899 | 0.33%                | 0.08%                | 0.34%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-89178.09               | $-641202.39                                |
| Month 2  | $-116690.79              | $-2889867.46                               |
| Month 3  | $-473945.69              | $-452131.41                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GoldenTree Loan Management US CLO, LTD         | Goldentree Loan Management US Clo 9 Ltd          | CUSIP: 38138JAN3<br>LEI: 549300CQMHYJ3DLMP206 | Long             | ABS-CBDO         | CORP              | KY        |   3675000 | PA      | $3675000.37   | 0.46%             | 2037-04-20      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Bridge Street CLO Ltd                          | Bridge Street CLO I Ltd                          | CUSIP: 10805YAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001216.10   | 0.13%             | 2037-07-20      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 19 Ltd                             | Elmwood CLO 19 Ltd                               | CUSIP: 29004JAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002499.90   | 0.13%             | 2036-10-17      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                                 | Pikes Peak Clo 12 Ltd                            | CUSIP: 72133LAM4<br>LEI: 21380087HZCMQFA48I12 | Long             | ABS-CBDO         | CORP              | JE        |   3000000 | PA      | $2986500.00   | 0.38%             | 2038-04-20      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| Sycamore Tree CLO Ltd                          | Sycamore Tree CLO 2021-1 Ltd                     | CUSIP: 87122VAS0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3450000 | PA      | $3453062.91   | 0.43%             | 2038-01-20      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Bryant Park Funding Ltd                        | Bryant Park Funding 2024-22 Ltd                  | CUSIP: 11766CAA2<br>LEI: 5493000N8L82QL1KEO96 | Long             | ABS-CBDO         | CORP              | KY        |   1920000 | PA      | $1922716.80   | 0.24%             | 2037-04-15      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Regatta XIX Funding Ltd                        | Regatta XIX Funding Ltd                          | CUSIP: 75888EAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1815000 | PA      | $1813729.14   | 0.23%             | 2035-04-20      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                        | Dryden 40 Senior Loan Fund                       | CUSIP: 26244GAS4<br>LEI: 549300BH0PFEW6WVTN52 | Long             | ABS-CBDO         | CORP              | KY        |    852601 | PA      | $850527.83    | 0.11%             | 2031-08-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Sculptor CLO Ltd                               | Sculptor CLO XXXIV Ltd                           | CUSIP: 81124BAA4<br>LEI: 254900HDB8TKKOZR3P46 | Long             | ABS-CBDO         | CORP              | KY        |   5375000 | PA      | $5372914.50   | 0.67%             | 2038-01-20      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| American Money Management Corporation          | AMMC CLO 31 Ltd                                  | CUSIP: 03166GAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2994836.10   | 0.38%             | 2038-02-20      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                  | Ballyrock CLO 14 Ltd                             | CUSIP: 05874XAQ2<br>LEI: 254900GXTF670X967J67 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $990400.20    | 0.12%             | 2037-07-20      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| 522 Funding CLO LTD                            | 522 Funding CLO 2019-5 Ltd                       | CUSIP: 33829WAE9<br>LEI: 549300HKB0UTKU91DG08 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2495000.25   | 0.31%             | 2035-04-15      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                 | Apidos CLO XXXIX Ltd                             | CUSIP: 03766HAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   3250000 | PA      | $3246328.80   | 0.41%             | 2035-04-21      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                               | Trestles Clo IV Ltd                              | CUSIP: 89532WAA7<br>LEI: 254900EO5I6CR0IOWS98 | Long             | ABS-CBDO         | CORP              | KY        |   1830000 | PA      | $1826962.38   | 0.23%             | 2034-07-21      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                               | CIFC Funding 2018-I Ltd                          | CUSIP: 17181NAC8<br>LEI: 635400VBVF8AYJQBI411 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1996000.00   | 0.25%             | 2038-01-18      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                  | Ballyrock CLO 23 Ltd                             | CUSIP: 05874VAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1002217.60   | 0.13%             | 2036-04-25      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                    | Rad CLO 22 Ltd                                   | CUSIP: 74923VAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5007486.50   | 0.63%             | 2037-01-20      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| 522 Funding CLO LTD                            | 522 Funding CLO 2019-5 Ltd                       | CUSIP: 33829WAC3<br>LEI: 549300HKB0UTKU91DG08 | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1745814.88   | 0.22%             | 2035-04-15      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                                | Oaktree CLO 2019-3 Ltd                           | CUSIP: 67400EBE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2995391.70   | 0.38%             | 2038-01-20      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Regatta XXVIII Funding Ltd.                    | Regatta XXVIII Funding Ltd                       | CUSIP: 75901PAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001068.10   | 0.13%             | 2037-04-25      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Bryant Park Funding Ltd                        | Bryant Park Funding 2024-23 Ltd                  | CUSIP: 11765CAA3<br>LEI: 391200W7QGMU3U2OCV81 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1501806.75   | 0.19%             | 2037-05-15      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                         | RR 8 Ltd                                         | CUSIP: 74980FAQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3350000 | PA      | $3342878.91   | 0.42%             | 2037-07-15      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| AGL Core CLO 15 Ltd                            | AGL Core CLO 15 Ltd                              | CUSIP: 00121GAA6<br>LEI: 5493001O95I190NV0196 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4000000.00   | 0.50%             | 2035-01-20      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                | Golub Capital Partners CLO 76 B Ltd              | CUSIP: 38180BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   3000000 | PA      | $3000000.00   | 0.38%             | 2037-10-25      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| New Mountain CLO Ltd                           | New Mountain CLO 4 Ltd                           | CUSIP: 64754JAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   3600000 | PA      | $3600000.00   | 0.45%             | 2036-04-20      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO, Ltd                          | Silver Point Clo 5 Ltd                           | CUSIP: 82809BAG1<br>LEI: 254900IB4JHW6SUR0Q75 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $989630.20    | 0.12%             | 2037-10-20      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                 | Apidos CLO XX                                    | CUSIP: 03765LAR3<br>LEI: 5493008YDOADR1DMZM86 | Long             | ABS-CBDO         | CORP              | KY        |   5560000 | PA      | $5562779.44   | 0.70%             | 2031-07-16      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                              | Generate Clo 17 Ltd                              | CUSIP: 37149PAA6<br>LEI: 21380057FWYXY89TJK26 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1499444.55   | 0.19%             | 2037-10-22      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                               | Trinitas CLO VI Ltd                              | CUSIP: 89640YBN3<br>LEI: 549300IUAXGLQ814UD95 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5000000.00   | 0.63%             | 2034-01-25      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                | Golub Capital Partners CLO 79B Ltd               | CUSIP: 38181JAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1975443.40   | 0.25%             | 2038-04-20      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                               | CIFC Funding 2021-V Ltd                          | CUSIP: 12565EAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7500000 | PA      | $7459884.75   | 0.94%             | 2038-01-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| BBAM US CLO LTD.                               | BBAM US CLO I Ltd                                | CUSIP: 054978AL5<br>LEI: 549300LRECI1GZTZLF38 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1973826.00   | 0.25%             | 2038-03-30      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Wellington Management CLO                      | Wellington Management CLO 1 Ltd                  | CUSIP: 94957JAA2<br>LEI: 213800W7PWM3WCMD7X28 | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $2004030.80   | 0.25%             | 2036-10-20      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                                 | CarVal CLO IX-C Ltd                              | CUSIP: 14688HAA0<br>LEI: 2549009HBUYMF23IOB57 | Long             | ABS-CBDO         | CORP              | JE        |   3750000 | PA      | $3756516.75   | 0.47%             | 2037-04-20      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Regatta XXVII Funding Ltd.                     | Regatta XXVII Funding Ltd                        | CUSIP: 758970AA5<br>LEI: 213800A3LAH3GG226R43 | Long             | ABS-CBDO         | CORP              | JE        |   3000000 | PA      | $3002976.60   | 0.38%             | 2037-04-26      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| AGL Core CLO                                   | AGL Core CLO 2 Ltd                               | CUSIP: 001200AJ3<br>LEI: 549300EIBQDZ5WXOZ105 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000994.50   | 0.13%             | 2037-07-20      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                   | Voya CLO 2020-1 Ltd                              | CUSIP: 92918EAL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1497120.75   | 0.19%             | 2034-07-16      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 31 Ltd                             | Elmwood CLO 31 Ltd                               | CUSIP: 29003HAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3997547.60   | 0.50%             | 2037-07-17      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                                | Oaktree CLO 2023-1 Ltd                           | CUSIP: 67389DAA9<br>LEI: 254900WZ1Z6PQ6U3P013 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1000000.00   | 0.13%             | 2036-04-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Bryant Park Funding Ltd                        | Bryant Park Funding 2024-25 Ltd                  | CUSIP: 117913AA1<br>LEI: 391200WG98O5N39H7C57 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1998615.80   | 0.25%             | 2038-01-18      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Regatta Funding                                | Regatta XI Funding Ltd                           | CUSIP: 75887XAN7<br>LEI: 254900TUAAER6MTE4E64 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000155.40   | 0.25%             | 2037-07-17      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                               | Trestles CLO VII Ltd                             | CUSIP: 89532XAC1<br>LEI: 254900F81BZ53L0B6092 | Long             | ABS-CBDO         | CORP              | KY        |   3700000 | PA      | $3699777.26   | 0.46%             | 2037-10-25      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                           | Diameter Capital CLO 7 Ltd                       | CUSIP: 25255WAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4000000.40   | 0.50%             | 2037-07-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                               | CIFC Funding 2018-IV Ltd                         | CUSIP: 17181TAJ0<br>LEI: 254900PA63PFHC11GD90 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4939701.00   | 0.62%             | 2038-01-17      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                               | Symphony CLO 40 Ltd                              | CUSIP: 871989AP4<br>LEI: 25490001HYY3IX1I5Z32 | Long             | ABS-CBDO         | CORP              | BM        |   4000000 | PA      | $3986000.00   | 0.50%             | 2038-01-05      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Crown Point CLO Ltd                            | Crown Point CLO 9 Ltd                            | CUSIP: 22846DAJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1997101.80   | 0.25%             | 2034-07-14      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                | OHA Credit Partners XVI                          | CUSIP: 67115LAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3300000 | PA      | $3298030.23   | 0.41%             | 2037-10-18      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd                              | Cedar Funding XIV CLO Ltd                        | CUSIP: 15034AAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1999878.20   | 0.25%             | 2037-10-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                    | OCP CLO 2016-11 Ltd                              | CUSIP: 67110DBA4<br>LEI: 254900QIJ8IQOK988683 | Long             | ABS-CBDO         | CORP              | KY        |   4250000 | PA      | $4246046.65   | 0.53%             | 2036-04-26      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies               | Carlyle US CLO 2022-1 Ltd                        | CUSIP: 14318JAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $998381.50    | 0.13%             | 2035-04-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Beechwood Park CLO Ltd.                        | Beechwood Park CLO Ltd                           | CUSIP: 07355TAU6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2993915.70   | 0.38%             | 2035-01-17      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                       | Neuberger Berman Loan Advisers CLO 49 Ltd        | CUSIP: 64135JAL6<br>LEI: 549300IN02DS1MN5HW62 | Long             | ABS-CBDO         | CORP              | JE        |   5000000 | PA      | $4983124.50   | 0.63%             | 2035-07-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                       | Neuberger Berman Loan Advisers NBLA CLO 52 Ltd   | CUSIP: 64135FAN0<br>LEI: 5493008RV69QDGFCMY47 | Long             | ABS-CBDO         | CORP              | JE        |   3000000 | PA      | $2998809.90   | 0.38%             | 2038-10-24      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                               | Symphony CLO 35 Ltd                              | CUSIP: 871980AQ1<br>LEI: 254900R36BJSADLUH162 | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $2003122.20   | 0.25%             | 2036-10-24      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                   | AGL CLO 29 Ltd                                   | CUSIP: 00119BAA1<br>LEI: 254900MM5EQZ35CZG002 | Long             | ABS-CBDO         | CORP              | JE        |   1925000 | PA      | $1924495.46   | 0.24%             | 2037-04-21      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| Rad CLO 12 Ltd                                 | Rad CLO 12 Ltd                                   | CUSIP: 75009PAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3600000 | PA      | $3600000.00   | 0.45%             | 2034-10-30      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Sycamore Tree CLO Ltd                          | Sycamore Tree CLO 2023-3 Ltd                     | CUSIP: 87122FAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3004637.10   | 0.38%             | 2037-04-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited               | Bain Capital Credit CLO 2022-2 Ltd               | CUSIP: 05682GAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $1994933.60   | 0.25%             | 2035-04-22      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| AB BSL CLO                                     | AB BSL CLO 2 Ltd                                 | CUSIP: 00037LAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4700000 | PA      | $4686165.55   | 0.59%             | 2034-04-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                         | RR 18 Ltd                                        | CUSIP: 749752AE1<br>LEI: 54930003V8ISBLDELD80 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000200.00   | 0.13%             | 2034-10-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                    | OCP CLO 2015-10 Ltd                              | CUSIP: 67092DBD0<br>LEI: 254900FZYL5HDKV64882 | Long             | ABS-CBDO         | CORP              | KY        |   5150000 | PA      | $5145975.28   | 0.65%             | 2038-01-26      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| OHA Loan Funding Ltd                           | OHA Loan Funding 2016-1 Ltd                      | CUSIP: 67110UBA6<br>LEI: 54930016024GMIAF7A82 | Long             | ABS-CBDO         | CORP              | KY        |   1800000 | PA      | $1783980.36   | 0.22%             | 2037-07-20      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                          | Sixth Street CLO XVII Ltd                        | CUSIP: 83012FAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5250000 | PA      | $5223750.00   | 0.66%             | 2038-04-17      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                | Benefit Street Partners Clo XXII Ltd             | CUSIP: 08186UAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1998000.00   | 0.25%             | 2035-04-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Warwick Capital CLO Ltd                        | Warwick Capital CLO 5 Ltd                        | CUSIP: 93656FAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4997791.00   | 0.63%             | 2038-01-20      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Aimco                                          | AIMCO CLO Series 2018-A                          | CUSIP: 00900GAN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4987500.00   | 0.63%             | 2037-10-17      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                                 | Carval Clo X-C Ltd                               | CUSIP: 146918AA5<br>LEI: 254900DAR7W0XP2CHD65 | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1751451.28   | 0.22%             | 2037-07-20      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Clover CLO                                     | Clover CLO 2020-1 LLC                            | CUSIP: 18914HAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1999880.00   | 0.25%             | 2037-07-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO, LTD         | Goldentree Loan Management US Clo 17 Ltd         | CUSIP: 38139FAC4<br>LEI: 549300TS068SCJRDSP12 | Long             | ABS-CBDO         | CORP              | JE        |   3200000 | PA      | $3205216.96   | 0.40%             | 2036-07-20      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                   | Ares Loan Funding VIII Ltd                       | CUSIP: 04021MAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6500000 | PA      | $6433339.90   | 0.81%             | 2038-01-24      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| AB BSL CLO                                     | AB BSL CLO 3 Ltd                                 | CUSIP: 00037QAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4948674.50   | 0.62%             | 2038-04-20      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                 | Apidos Clo Lii                                   | CUSIP: 03771NAG5<br>LEI: 254900XJH54T9O9TH452 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $969912.00    | 0.12%             | 2038-04-20      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| OCP CLO 2024-33 Ltd                            | Ocp Clo 2024-33 Ltd                              | CUSIP: 671080AA7<br>LEI: 213800MSZWCRHL4TG372 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001357.70   | 0.13%             | 2037-07-20      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Whitebox CLO I Ltd                             | Whitebox Clo I Ltd                               | CUSIP: 96467FAY6<br>LEI: 549300E4AC0513DYO913 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $988200.40    | 0.12%             | 2036-07-24      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Aimco                                          | AIMCO CLO 23 Ltd                                 | CUSIP: 00901JAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2956581.00   | 0.37%             | 2038-04-20      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                               | CIFC Funding 2013-IV Ltd                         | CUSIP: 12549FBY4<br>LEI: 549300QSQ98IRWUWDV20 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999820.00    | 0.13%             | 2031-04-27      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                         | Canyon CLO 2021-4 Ltd                            | CUSIP: 13877PAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2496237.25   | 0.31%             | 2034-10-15      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO II Ltd.                            | Elmwood CLO II Ltd                               | CUSIP: 29001LAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2500000.00   | 0.31%             | 2037-10-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                | OHA Credit Funding 17 Ltd                        | CUSIP: 67109SAA5<br>LEI: 254900ZA7EPUCGQUTA43 | Long             | ABS-CBDO         | CORP              | BM        |   4700000 | PA      | $4695300.00   | 0.59%             | 2037-04-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited               | Bain Capital Credit CLO 2017-2 Ltd               | CUSIP: 05683HAW5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4355000 | PA      | $4354939.03   | 0.55%             | 2037-07-25      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                           | Birch Grove CLO 4 Ltd                            | CUSIP: 09077CAQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5820000 | PA      | $5809815.58   | 0.73%             | 2037-07-15      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                               | CIFC Funding 2021-III Ltd                        | CUSIP: 12564DAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1197499.92   | 0.15%             | 2036-07-15      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                           | Diameter Capital CLO 8 Ltd                       | CUSIP: 25256JAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000154.40   | 0.13%             | 2037-10-20      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                          | Palmer Square CLO 2020-3 Ltd                     | CUSIP: 69701RBC0<br>LEI: 549300IUW4WDDDVSMS20 | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $2004585.60   | 0.25%             | 2036-11-15      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO 3, Ltd.                        | HalseyPoint CLO 3 Ltd                            | CUSIP: 40638UAS8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1240000 | PA      | $1237830.12   | 0.16%             | 2037-07-30      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| OHA Credit Partners Ltd                        | OHA Credit Partners VII Ltd                      | CUSIP: 67102QBK3<br>LEI: 549300LXLBAFTIMXZT54 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1979358.80   | 0.25%             | 2038-02-20      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                               | Trinitas CLO XXIX Ltd                            | CUSIP: 89643BAA9<br>LEI: 2549000HOL90CNMWDO78 | Long             | ABS-CBDO         | CORP              | KY        |    930000 | PA      | $929070.09    | 0.12%             | 2037-07-23      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                           | Diameter Capital Clo 3 Ltd                       | CUSIP: 25255JAL1<br>LEI: 254900L1QJX98W5ORK78 | Long             | ABS-CBDO         | CORP              | KY        |   6000000 | PA      | $5996341.20   | 0.75%             | 2038-01-15      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                          | Palmer Square CLO 2020-3 Ltd                     | CUSIP: 69701RAY3<br>LEI: 549300IUW4WDDDVSMS20 | Long             | ABS-CBDO         | CORP              | JE        |   2500000 | PA      | $2498754.25   | 0.31%             | 2036-11-15      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                          | KKR CLO 50 Ltd                                   | CUSIP: 481952AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5005314.50   | 0.63%             | 2037-04-20      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                           | Birch Grove CLO Ltd                              | CUSIP: 09075JAU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5006759.50   | 0.63%             | 2037-07-17      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                  | Ballyrock CLO 2019-2 Ltd                         | CUSIP: 05875MAX0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2840000 | PA      | $2836672.37   | 0.36%             | 2036-02-20      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                | OHA Credit Funding 2 LTD                         | CUSIP: 67707EBJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7750000 | PA      | $7668532.78   | 0.96%             | 2038-01-21      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                              | Generate Clo 11 Ltd                              | CUSIP: 37149HAL0<br>LEI: 549300LO5FP76OLGQK93 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000000.00   | 0.25%             | 2037-10-20      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                           | Birch Grove CLO 2 Ltd                            | CUSIP: 09077LAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3000519.30   | 0.38%             | 2037-10-19      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                | OHA Credit Funding 7 Ltd                         | CUSIP: 67098WAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4955000 | PA      | $4955000.00   | 0.62%             | 2037-02-24      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                               | Trinitas CLO XXV Ltd                             | CUSIP: 89640BAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   2000000 | PA      | $2004866.00   | 0.25%             | 2037-01-23      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                         | RR 8 Ltd                                         | CUSIP: 74980FAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $989900.10    | 0.12%             | 2037-07-15      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                               | CIFC Funding 2014-II-R Ltd                       | CUSIP: 12548RAH7<br>LEI: 549300O8WGQU5B6HEB94 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4998613.00   | 0.63%             | 2037-10-24      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                | Benefit Street Partners CLO XXXVIII Ltd          | CUSIP: 08183FAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4990000.00   | 0.63%             | 2038-01-25      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                      | Anchorage Capital Clo 24 Ltd                     | CUSIP: 03331GAQ1<br>LEI: 549300X5ZN5RMBYQ2W98 | Long             | ABS-CBDO         | CORP              | JE        |   3000000 | PA      | $3000000.00   | 0.38%             | 2037-07-15      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO Ltd.                           | HalseyPoint CLO 4 Ltd                            | CUSIP: 40637LAA8<br>LEI: 549300CMJUK1VCINNF57 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4994398.50   | 0.63%             | 2034-04-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                               | CIFC Funding 2025-I Ltd                          | CUSIP: 12572VAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1479890.40   | 0.19%             | 2038-04-23      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 15 Ltd                             | Elmwood CLO 15 Ltd                               | CUSIP: 29003JAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   3550000 | PA      | $3550000.00   | 0.45%             | 2035-04-22      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Brant Point CLO Ltd                            | Brant Point Clo 2024-4 Ltd                       | CUSIP: 835932AC8<br>LEI: 254900UXN7ENP4VJ9L26 | Long             | ABS-CBDO         | CORP              | JE        |   1700000 | PA      | $1688269.83   | 0.21%             | 2037-07-20      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                       | Neuberger Berman Loan Advisers CLO 46 Ltd        | CUSIP: 64134QAL1<br>LEI: 549300LCOEVXWN75LP18 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $987300.00    | 0.12%             | 2037-01-20      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                | Golub Capital Partners CLO 58B Ltd               | CUSIP: 38178TAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6150000 | PA      | $6142379.54   | 0.77%             | 2035-01-25      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                          | Sixth Street CLO XX Ltd                          | CUSIP: 83012QAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1353764 | PA      | $1351578.48   | 0.17%             | 2034-10-20      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                    | Rad CLO 18 Ltd                                   | CUSIP: 75009AAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002413.90   | 0.13%             | 2036-04-15      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| Aimco                                          | Aimco CLO 14 Ltd                                 | CUSIP: 00144GAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1493531.10   | 0.19%             | 2034-04-20      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                           | Diameter Capital CLO 7 Ltd                       | CUSIP: 25255WAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1300000 | PA      | $1296880.00   | 0.16%             | 2037-07-20      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| RRX Ltd                                        | RRX 7 Ltd                                        | CUSIP: 40257DAC1<br>LEI: 549300V317BEVFPNAZ66 | Long             | ABS-CBDO         | CORP              | KY        |   1100000 | PA      | $1101759.89   | 0.14%             | 2035-07-15      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                           | Birch Grove CLO 7 Ltd                            | CUSIP: 09077RAA7<br>LEI: 254900FP4VB7V5ZG0W95 | Long             | ABS-CBDO         | CORP              | JE        |   2750000 | PA      | $2751643.40   | 0.35%             | 2036-10-20      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                | Golub Capital Partners CLO 74 B Ltd              | CUSIP: 38190BAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   3000000 | PA      | $3004207.50   | 0.38%             | 2037-07-25      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                 | Apidos CLO XXXIV                                 | CUSIP: 03768WAL9<br>LEI: 5493001VH1Y9SEPJKZ47 | Long             | ABS-CBDO         | CORP              | KY        |   4750000 | PA      | $4740571.25   | 0.60%             | 2035-01-20      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO Ltd.                           | Halseypoint Clo 6 Ltd                            | CUSIP: 40639GAU3<br>LEI: 5493001PG85K1980W896 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $989310.90    | 0.12%             | 2038-01-20      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                       | Madison Park Funding XXXVII Ltd                  | CUSIP: 55817EBA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1503340.05   | 0.19%             | 2037-04-15      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| Fort Washington CLO                            | Fort Washington CLO 2021-2 LTD                   | CUSIP: 34918RAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4250000 | PA      | $4243625.00   | 0.53%             | 2034-10-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                   | AGL Core CLO 8 LTD                               | CUSIP: 00851KAK1<br>LEI: 254900IPV3KA57E31I16 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 0.13%             | 2038-01-20      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                   | Ares LVI CLO Ltd                                 | CUSIP: 04018NAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1988230.40   | 0.25%             | 2038-01-25      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Generate CLO 8 Ltd.                            | Generate CLO 8 Ltd                               | CUSIP: 37148EAN4<br>LEI: 2549002O2LJ1LE1W2D54 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3000000.00   | 0.38%             | 2038-01-20      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                       | Madison Park Funding LXVII Ltd                   | CUSIP: 55821YAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1312000 | PA      | $1313147.74   | 0.16%             | 2037-04-25      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Marathon CLO LTD                               | Marathon CLO 2021-16 Ltd                         | CUSIP: 56580KAA3<br>LEI: 549300VP041FQCCCOP44 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $998542.80    | 0.13%             | 2034-04-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                               | CIFC Funding 2020-I Ltd                          | CUSIP: 12555QAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2997902.70   | 0.38%             | 2036-07-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                               | CIFC Funding 2015-IV Ltd                         | CUSIP: 12550TAY1<br>LEI: 549300ZXX0SJBZWIWI81 | Long             | ABS-CBDO         | CORP              | KY        |   3540000 | PA      | $3540000.00   | 0.44%             | 2034-04-20      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Park Blue CLO Ltd                              | Park Blue CLO 2025-VII Ltd                       | CUSIP: 70019HAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2958050.10   | 0.37%             | 2038-04-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Flatiron CLO Ltd                               | Flatiron CLO 23 LLC                              | CUSIP: 33883DAA2<br>LEI: 254900WPX2H2R5L2RO76 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1001700.40   | 0.13%             | 2036-04-17      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                                 | Carval Clo VIII-C Ltd                            | CUSIP: 14686NAL5<br>LEI: 254900NZG2CMHKHNPU97 | Long             | ABS-CBDO         | CORP              | JE        |   1500000 | PA      | $1500702.00   | 0.19%             | 2037-10-22      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                    | OCP CLO 2017-13 Ltd                              | CUSIP: 67097LAV8<br>LEI: 254900M77QLN2EBJHE11 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1995000.00   | 0.25%             | 2037-11-26      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                                 | CarVal CLO IX-C Ltd                              | CUSIP: 14688HAE2<br>LEI: 2549009HBUYMF23IOB57 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1002900.30   | 0.13%             | 2037-04-20      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                    | RAD CLO 27 Ltd                                   | CUSIP: 749972AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2497901.25   | 0.31%             | 2038-01-15      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| 1988 CLO Ltd.                                  | 1988 CLO 5 Ltd                                   | CUSIP: 68252PAA4<br>LEI: 254900KAQBAF5XV8IU66 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2502795.75   | 0.31%             | 2037-07-15      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                               | Symphony CLO XXVIII Ltd                          | CUSIP: 87168BAC4<br>LEI: 54930054F3QGDZOYIH14 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1996213.00   | 0.25%             | 2034-10-23      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| NEW MOUNTAIN CLO LTD                           | New Mountain CLO 3 Ltd                           | CUSIP: 647550AA0<br>LEI: 549300CEYMYPINCEX579 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1997102.40   | 0.25%             | 2034-10-20      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                | Benefit Street Partners CLO XXI Ltd              | CUSIP: 08186RAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5000000.00   | 0.63%             | 2034-10-15      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                          | KKR CLO 52 Ltd                                   | CUSIP: 48255XAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1503524.70   | 0.19%             | 2036-07-16      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO VIII Ltd                           | Elmwood CLO VIII Ltd                             | CUSIP: 29003EAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4004247.20   | 0.50%             | 2037-04-20      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Park Blue CLO Ltd                              | PARK BLUE CLO 2023-III LTD                       | CUSIP: 70019AAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6000000 | PA      | $6016226.40   | 0.76%             | 2036-04-20      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                  | Ballyrock CLO 19 Ltd                             | CUSIP: 05874WAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1500000 | PA      | $1500000.00   | 0.19%             | 2035-04-20      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| 720 East CLO Ltd.                              | 720 East CLO IV Ltd                              | CUSIP: 81785BAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2002582.40   | 0.25%             | 2037-04-15      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Regatta XXII Funding Ltd.                      | Regatta XXII Funding Ltd                         | CUSIP: 758968AN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4990000.00   | 0.63%             | 2035-07-20      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                                 | Pikes Peak Clo 16 Ltd                            | CUSIP: 72132EAA7<br>LEI: 2138001LNFG5678B4I86 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500000.15   | 0.19%             | 2037-07-25      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited               | Bain Capital Credit CLO 2023-3 Ltd               | CUSIP: 05682CAA5<br>LEI: 254900QJNS3TYDIDQH27 | Long             | ABS-CBDO         | CORP              | JE        |   1700000 | PA      | $1703185.29   | 0.21%             | 2036-07-24      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                   | Ares XLIII CLO Ltd                               | CUSIP: 04016PAS7<br>LEI: 549300ECLIGB6OZRBA51 | Long             | ABS-CBDO         | CORP              | KY        |   3020000 | PA      | $3013960.00   | 0.38%             | 2038-01-15      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                | Benefit Street Partners CLO XXVII Ltd            | CUSIP: 08179PAQ5<br>LEI: 254900WANE6M5S0NC534 | Long             | ABS-CBDO         | CORP              | JE        |   4500000 | PA      | $4500000.00   | 0.57%             | 2037-10-20      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                                 | Galaxy XXV CLO Ltd                               | CUSIP: 36319XAL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 0.13%             | 2036-04-25      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Sand Trust                                     | Sandstone Peak II Ltd                            | CUSIP: 80013TAA1<br>LEI: 254900ZRRTOYR8JJD593 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000495.00   | 0.25%             | 2036-07-20      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                              | Generate CLO 15 Ltd                              | CUSIP: 37147XAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   7750000 | PA      | $7759920.78   | 0.97%             | 2037-07-20      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                    | OCP CLO 2018-15 Ltd                              | CUSIP: 67112KAG4<br>LEI: 254900WK4JKXAXOKTL68 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3959266.40   | 0.50%             | 2038-01-20      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| AGL CLO 7 LTD                                  | AGL CLO 7 Ltd                                    | CUSIP: 008511AL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1310000 | PA      | $1307853.17   | 0.16%             | 2034-07-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                                 | Galaxy XXI CLO Ltd                               | CUSIP: 36320WAN6<br>LEI: 549300BW4412X0TZDD77 | Long             | ABS-CBDO         | CORP              | KY        |   2200000 | PA      | $2199780.00   | 0.28%             | 2031-04-20      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                               | CIFC Funding 2020-II Ltd                         | CUSIP: 12547LAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $748856.18    | 0.09%             | 2034-10-20      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 23 Ltd                             | Elmwood CLO 23 Ltd                               | CUSIP: 29003YAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4006816.80   | 0.50%             | 2036-04-16      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO Ltd.                           | Sagard-Halseypoint Clo 8 Ltd                     | CUSIP: 78662AAA0<br>LEI: 254900W5MVYX9QDPHC09 | Long             | ABS-CBDO         | CORP              | KY        |   2440000 | PA      | $2426038.56   | 0.30%             | 2038-01-30      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                | OHA Credit Funding 4 Ltd                         | CUSIP: 67098DBC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2995087.50   | 0.38%             | 2038-01-22      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| American Money Management Corporation          | AMMC Clo 28 Ltd                                  | CUSIP: 03166HAA4<br>LEI: 254900FC26PFUHBI9J88 | Long             | ABS-CBDO         | CORP              | KY        |   2390000 | PA      | $2389225.64   | 0.30%             | 2037-07-20      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                               | CIFC Funding 2021-VII Ltd                        | CUSIP: 12567HAC6<br>LEI: 54930089HD7KU5NUS092 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2994390.30   | 0.38%             | 2035-01-23      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO, Ltd                          | Silver Point Clo 4 Ltd                           | CUSIP: 82809EAA8<br>LEI: 254900DVAEEJOXQ8PL85 | Long             | ABS-CBDO         | CORP              | JE        |   6000000 | PA      | $6008685.00   | 0.75%             | 2037-04-15      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                   | AGL CLO 12 Ltd                                   | CUSIP: 00120BAA8<br>LEI: 54930005OE1IFBESDA27 | Long             | ABS-CBDO         | CORP              | KY        |   5102000 | PA      | $5091104.68   | 0.64%             | 2034-07-20      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                    | OCP CLO 2021-22 Ltd                              | CUSIP: 67117TAN5<br>LEI: 254900PS626FB00CVF06 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3000024.00   | 0.38%             | 2037-10-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Wellington Management CLO                      | Wellington Management Clo 4 Ltd                  | CUSIP: 94957LAA7<br>LEI: 213800VJVBC3KZIDZU56 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2959397.10   | 0.37%             | 2038-04-18      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Regatta 30 Funding Ltd.                        | Regatta 30 Funding Ltd                           | CUSIP: 75903UAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6000000 | PA      | $5980242.00   | 0.75%             | 2038-01-25      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Wise CLO 2024-2 Ltd                            | Wise CLO 2024-2 Ltd                              | CUSIP: 97718GAA1<br>LEI: 254900UJ1RZE30CBZ497 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4003052.00   | 0.50%             | 2037-07-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                   | Voya CLO 2019-3 Ltd                              | CUSIP: 92918FAF1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1467070 | PA      | $1465603.36   | 0.18%             | 2032-10-17      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                           | Diameter Capital CLO 9 Ltd                       | CUSIP: 25254AAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4952890.00   | 0.62%             | 2038-04-20      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                               | Trinitas CLO XXVI Ltd                            | CUSIP: 89642MAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   2100000 | PA      | $2100000.00   | 0.26%             | 2035-01-20      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                   | Voya CLO 2022-4 Ltd                              | CUSIP: 92920LAN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5500000 | PA      | $5504752.55   | 0.69%             | 2037-04-20      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Park Blue CLO Ltd                              | Park Blue CLO 2024-VI Ltd                        | CUSIP: 70019KAA5<br>LEI: 213800RLFYTJFPXOL592 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4997429.50   | 0.63%             | 2038-01-25      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                               | Symphony CLO XXXIII Ltd                          | CUSIP: 87169JAL6<br>LEI: 254900K6DKU2R9SF7M98 | Long             | ABS-CBDO         | CORP              | JE        |   5500000 | PA      | $5490676.40   | 0.69%             | 2038-01-24      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies               | CARLYLE US CLO 2019-1 LTD                        | CUSIP: 14316BAQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $997600.10    | 0.13%             | 2031-04-20      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                                | Oaktree CLO 2024-25 Ltd                          | CUSIP: 67402PAA5<br>LEI: 254900NTZ5OVNC5X7789 | Long             | ABS-CBDO         | CORP              | KY        |   5040000 | PA      | $5042520.00   | 0.63%             | 2037-04-20      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                                 | CarVal CLO VC Ltd                                | CUSIP: 14687MAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    945000 | PA      | $943927.61    | 0.12%             | 2034-10-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                               | TRESTLES CLO 2017-1 Ltd                          | CUSIP: 89531FAY3<br>LEI: 254900QSBDX181YYBH38 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999500.10    | 0.13%             | 2037-07-25      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                    | OCP CLO 2024-38 Ltd                              | CUSIP: 67120KAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1997852.60   | 0.25%             | 2038-01-21      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                  | Ballyrock CLO 23 Ltd                             | CUSIP: 05874VAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   3250000 | PA      | $3258477.95   | 0.41%             | 2036-04-25      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                           | Diameter Capital Clo 1 Ltd                       | CUSIP: 25255DAL4<br>LEI: 25490018I1ROE4V49X69 | Long             | ABS-CBDO         | CORP              | KY        |   4200000 | PA      | $4200155.40   | 0.53%             | 2037-10-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| RRX Ltd                                        | RRX 7 Ltd                                        | CUSIP: 40257DAA5<br>LEI: 549300V317BEVFPNAZ66 | Long             | ABS-CBDO         | CORP              | KY        |   3550000 | PA      | $3543057.27   | 0.44%             | 2035-07-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                | Golub Capital Partners CLO 41B-R Ltd             | CUSIP: 38178AAA1<br>LEI: 2549005QZPXI5WPU4V74 | Long             | ABS-CBDO         | CORP              | KY        |   4400000 | PA      | $4400958.32   | 0.55%             | 2034-01-20      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                   | Ares XXXIX CLO Ltd                               | CUSIP: 04015WBL7<br>LEI: 5493005YAOTYJUJV3S58 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2495000.00   | 0.31%             | 2037-07-18      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies               | Carlyle US CLO 2022-3 Ltd                        | CUSIP: 143111AL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3003189.30   | 0.38%             | 2037-04-20      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Wellington Management CLO                      | Wellington Management Clo 3 Ltd                  | CUSIP: 949575AA2<br>LEI: 2138007662K4YWZ79U31 | Long             | ABS-CBDO         | CORP              | JE        |   6000000 | PA      | $5995006.80   | 0.75%             | 2037-07-18      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Trimaran CAVU Ltd                              | Trimaran CAVU 2024-1 Ltd                         | CUSIP: 895971AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500000.00   | 0.19%             | 2038-01-25      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                | Benefit Street Partners Clo XXXIII Ltd           | CUSIP: 08179DAA7<br>LEI: 254900IWSSBPCATK8N78 | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $2002590.40   | 0.25%             | 2036-01-25      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                   | Ares Loan Funding IV Ltd                         | CUSIP: 04020FAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   2290000 | PA      | $2293429.50   | 0.29%             | 2036-10-15      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| Whitebox CLO III Ltd                           | Whitebox CLO III Ltd                             | CUSIP: 96467HAL0<br>LEI: 549300JXCQSPB1A61C68 | Long             | ABS-CBDO         | CORP              | KY        |   4950000 | PA      | $4940100.00   | 0.62%             | 2035-10-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                      | Anchorage Capital CLO 7 Ltd                      | CUSIP: 03328TBS3<br>LEI: 54930014PVHLSZJQK139 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000000.00   | 0.25%             | 2037-04-28      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                               | CIFC Funding 2020-III Ltd                        | CUSIP: 12560EAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1560000 | PA      | $1560000.00   | 0.20%             | 2034-10-20      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Octagon 55 Ltd                                 | Octagon 55 Ltd                                   | CUSIP: 67577AAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1995980.20   | 0.25%             | 2034-07-20      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                                | Oaktree CLO 2020-1 Ltd                           | CUSIP: 67402FAU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2477683.25   | 0.31%             | 2038-01-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Texas Debt Capital CLO, Ltd                    | Texas Debt Capital CLO 2023-I Ltd                | CUSIP: 88238CAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1570000 | PA      | $1573285.85   | 0.20%             | 2036-04-20      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                 | Apidos CLO XXXVII                                | CUSIP: 03769HAA5<br>LEI: 549300OGB01ASKLNI660 | Long             | ABS-CBDO         | CORP              | KY        |   3250000 | PA      | $3250000.00   | 0.41%             | 2034-10-22      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                           | Birch Grove CLO 5 Ltd                            | CUSIP: 090976AL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2500778.25   | 0.31%             | 2037-10-20      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Warwick Capital CLO Ltd                        | Warwick Capital CLO 4 Ltd                        | CUSIP: 93655QAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6000000 | PA      | $6000283.80   | 0.75%             | 2037-07-20      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                 | Apidos CLO XXXI                                  | CUSIP: 03767VAG3<br>LEI: 549300IG6PHVJ3WBR394 | Long             | ABS-CBDO         | CORP              | KY        |   1351937 | PA      | $1351988.05   | 0.17%             | 2031-04-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                               | CIFC Funding 2021-VI Ltd                         | CUSIP: 12553SAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3992413.60   | 0.50%             | 2034-10-15      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO Ltd.                           | Halseypoint CLO 7 LTD                            | CUSIP: 40638LAA7<br>LEI: 5493000LI3XMVBCJEF82 | Long             | ABS-CBDO         | CORP              | JE        |   5000000 | PA      | $5014180.50   | 0.63%             | 2036-07-20      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                       | Madison Park Funding LIX Ltd                     | CUSIP: 55822EAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1750000.18   | 0.22%             | 2037-04-18      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                  | Ballyrock CLO 2020-2 Ltd                         | CUSIP: 05875DAL6<br>LEI: 254900Y6C4AXEAZ9T124 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001200.00   | 0.13%             | 2031-10-20      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Bryant Park Funding Ltd                        | Bryant Park Funding 2024-24 Ltd                  | CUSIP: 11766DAA0<br>LEI: 3912003A96YDRT8EGP15 | Long             | ABS-CBDO         | CORP              | KY        |   1350000 | PA      | $1350199.13   | 0.17%             | 2037-10-15      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                    | OCP CLO 2024-31 Ltd                              | CUSIP: 67570AAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   6000000 | PA      | $6008824.80   | 0.75%             | 2037-04-20      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                                 | Pikes Peak CLO 14 2023 Ltd                       | CUSIP: 72134CAA9<br>LEI: 213800AO7LGLGDRRY278 | Long             | ABS-CBDO         | CORP              | JE        |   2500000 | PA      | $2505908.75   | 0.31%             | 2036-04-20      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                               | CIFC Funding 2024-III Ltd                        | CUSIP: 12575WAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1501660.95   | 0.19%             | 2037-07-21      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                | Golub Capital Partners CLO 55B LTD               | CUSIP: 38178LAA7<br>LEI: 254900ZZ9HHZTOQ1XK24 | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3495401.70   | 0.44%             | 2034-07-20      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                | OHA Credit Funding 3 LTD                         | CUSIP: 67112RBC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5000000.00   | 0.63%             | 2038-01-20      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                    | Rad CLO 14 Ltd                                   | CUSIP: 75009RAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1041346 | PA      | $1042398.28   | 0.13%             | 2035-01-15      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                          | Palmer Square CLO 2023-4 Ltd                     | CUSIP: 696924AJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999680.80    | 0.13%             | 2037-10-20      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Trimaran CAVU Ltd                              | Trimaran CAVU 2022-1 Ltd                         | CUSIP: 89623VAL5<br>LEI: 549300UZ4DECMUVOVS09 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000000.00   | 0.25%             | 2037-10-22      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                               | CIFC Funding 2024-I Ltd                          | CUSIP: 12570XAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2002453.20   | 0.25%             | 2037-04-18      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                  | Ballyrock CLO 26 Ltd                             | CUSIP: 05876NAA7<br>LEI: 254900KWGJ97WUSMSQ74 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $998030.60    | 0.13%             | 2037-07-25      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Whitebox CLO I Ltd                             | Whitebox Clo I Ltd                               | CUSIP: 96467FAU4<br>LEI: 549300E4AC0513DYO913 | Long             | ABS-CBDO         | CORP              | KY        |   5170000 | PA      | $5157075.00   | 0.65%             | 2036-07-24      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                | Golub Capital Partners CLO 72 B Ltd              | CUSIP: 381941AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1320000 | PA      | $1321420.32   | 0.17%             | 2037-04-25      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| OHA Loan Funding Ltd                           | OHA Loan Funding 2015-1 Ltd                      | CUSIP: 67109BDC5<br>LEI: 25490072LQI0R2J4XC93 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4992764.00   | 0.63%             | 2037-01-19      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                           | Diameter Capital Clo 2 Ltd                       | CUSIP: 25255LAS1<br>LEI: 2549008BUJNKS7JJUU65 | Long             | ABS-CBDO         | CORP              | KY        |   7300000 | PA      | $7300280.32   | 0.92%             | 2037-10-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| New Mountain CLO Ltd                           | New Mountain CLO 2 Ltd                           | CUSIP: 64754LAL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $4999158.00   | 0.63%             | 2038-01-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                       | Madison Park Funding LVIII Ltd                   | CUSIP: 55817BAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000886.80   | 0.13%             | 2037-04-25      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                                 | CarVal CLO XI C Ltd                              | CUSIP: 14688RAA8<br>LEI: 254900BDRF474L9PWM54 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4000000.00   | 0.50%             | 2037-10-20      | Floating      | 5.66%                 | 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        |  12610000 | NS      | $12610000.00  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Signal Peak CLO, LLC                           | Signal Peak CLO 9 Ltd                            | CUSIP: 82670QAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4750000 | PA      | $4750000.00   | 0.60%             | 2038-01-21      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                               | Trinitas CLO XXIV Ltd                            | CUSIP: 89642XAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   1500000 | PA      | $1501904.55   | 0.19%             | 2037-04-25      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                         | RR 14 Ltd                                        | CUSIP: 74980PAA1<br>LEI: 54930006FTQV76P0VH16 | Long             | ABS-CBDO         | CORP              | KY        |   1538000 | PA      | $1537680.71   | 0.19%             | 2036-04-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                         | RR 5 Ltd                                         | CUSIP: 74979VAM5<br>LEI: 549300213Q1LH7O32902 | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4504500.45   | 0.57%             | 2039-07-15      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                                 | Pikes Peak CLO 8                                 | CUSIP: 72133CAL6<br>LEI: 549300NJA5BS4BQQJL72 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3997794.80   | 0.50%             | 2038-01-20      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Aimco                                          | Aimco CLO 20 Ltd                                 | CUSIP: 00901QAC6<br>LEI: 2549009AFNTQKXTAWE65 | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $2009800.00   | 0.25%             | 2036-10-16      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies               | CARLYLE US CLO 2019-4 LTD                        | CUSIP: 14317VAQ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2992344.90   | 0.38%             | 2035-04-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 21 Ltd                             | Elmwood CLO 21 Ltd                               | CUSIP: 289907AN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4000000.00   | 0.50%             | 2036-10-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| New Mountain CLO Ltd                           | New Mountain CLO 3 Ltd                           | CUSIP: 647550AC6<br>LEI: 549300CEYMYPINCEX579 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $997800.10    | 0.13%             | 2034-10-20      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| MP Clo VIII, LTD                               | MP CLO VIII Ltd                                  | CUSIP: 62481WAL1<br>LEI: 549300D60LKSR31DKI65 | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4500000.00   | 0.57%             | 2034-04-28      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| Aimco                                          | Aimco CLO 11 Ltd                                 | CUSIP: 00140NAW0<br>LEI: 549300VLRW0CEQ83RF89 | Long             | ABS-CBDO         | CORP              | KY        |   1800000 | PA      | $1797432.84   | 0.23%             | 2037-07-17      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                    | OCP CLO 2020-20 Ltd                              | CUSIP: 670859AK3<br>LEI: 25490028U8Y2XMZWXO46 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3002873.10   | 0.38%             | 2037-04-18      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                               | Trinitas CLO XXIII Ltd                           | CUSIP: 89642TAA1<br>LEI: 635400HEV45BA22Y6W50 | Long             | ABS-CBDO         | CORP              | BM        |   2000000 | PA      | $2004009.80   | 0.25%             | 2036-10-20      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO, Ltd                          | Silver Point CLO 7 LTD                           | CUSIP: 82808UAA3<br>LEI: 254900UZNMKMPK9GWJ82 | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4498697.70   | 0.56%             | 2038-01-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| MidOcean Credit CLO                            | Midocean Credit CLO XV Ltd                       | CUSIP: 59801FAA1<br>LEI: 254900R5AXF91DYP1Y16 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1001045.30   | 0.13%             | 2037-07-21      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                | Benefit Street Partners CLO XXVI Ltd             | CUSIP: 08186AAJ5<br>LEI: 2549008S0Y5AP2WIEL43 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999354.90    | 0.13%             | 2037-07-20      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Octagon 66 Ltd                                 | Octagon 66 Ltd                                   | CUSIP: 67577WAP6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1751312.50   | 0.22%             | 2036-11-16      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Bryant Park Funding Ltd                        | Bryant Park Funding 2023-21 Ltd                  | CUSIP: 117650AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3009021.30   | 0.38%             | 2036-10-18      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                   | AGL CLO 33 Ltd                                   | CUSIP: 00121DAF2<br>LEI: 254900FQ0489DHYW7509 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1985339.80   | 0.25%             | 2037-07-21      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Marble Point CLO                               | Marble Point CLO XXII Ltd                        | CUSIP: 56606GAA2<br>LEI: 549300MZC31PBFF01E87 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500000.00   | 0.19%             | 2034-07-25      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                          | Palmer Square CLO 2022-1 Ltd                     | CUSIP: 69689QAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5700000 | PA      | $5685352.14   | 0.71%             | 2035-04-20      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                          | Sixth Street CLO XXV Ltd                         | CUSIP: 83011VAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4850000 | PA      | $4855223.94   | 0.61%             | 2037-07-24      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| TCW Ltd                                        | TCW CLO 2024-3 Ltd                               | CUSIP: 87252VAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4750000 | PA      | $4751771.75   | 0.60%             | 2037-10-20      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Generate CLO Ltd.                              | Generate Clo 13 Ltd                              | CUSIP: 370918AA2<br>LEI: 549300OHYOREA2V0F579 | Long             | ABS-CBDO         | CORP              | JE        |   4000000 | PA      | $4008807.60   | 0.50%             | 2037-01-20      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Warwick Capital CLO Ltd                        | Warwick Capital CLO 1 Ltd                        | CUSIP: 936919AC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1007670.20   | 0.13%             | 2036-10-20      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                | Benefit Street Partners CLO XXIX                 | CUSIP: 08186EAL2<br>LEI: 549300DICNUWMUKL3816 | Long             | ABS-CBDO         | CORP              | JE        |   3000000 | PA      | $2977557.90   | 0.37%             | 2038-01-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO, Ltd                          | Silver Point CLO 6 Ltd                           | CUSIP: 82808MAA1<br>LEI: 254900RSFBN3VCGBVP05 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000184.10   | 0.13%             | 2037-10-15      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Whitebox CLO I Ltd                             | Whitebox Clo II Ltd                              | CUSIP: 96466CAW8<br>LEI: 549300C89ZJ5IWOT1F21 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2002618.60   | 0.25%             | 2037-10-24      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                         | Canyon Capital CLO 2022-2 Ltd                    | CUSIP: 13877LAS5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   2500000 | PA      | $2478750.00   | 0.31%             | 2038-04-15      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                          | Palmer Square CLO 2019-1 Ltd                     | CUSIP: 69700GAJ1<br>LEI: 549300Y43K78UTRMTN21 | Long             | ABS-CBDO         | CORP              | KY        |   5050000 | PA      | $5043687.50   | 0.63%             | 2034-11-14      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                           | Birch Grove Clo 9 Ltd                            | CUSIP: 09077WAA6<br>LEI: 254900VS6E4BD1HWHW18 | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1750356.30   | 0.22%             | 2037-10-22      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 29 Ltd                             | Elmwood CLO 29 Ltd                               | CUSIP: 289913AC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5002789.50   | 0.63%             | 2037-04-20      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Post CLO LTD                                   | Post CLO 2024-1 Ltd                              | CUSIP: 73743EAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001313.90   | 0.13%             | 2037-04-20      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                           | Birch Grove CLO 12 Ltd                           | CUSIP: 09090MAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1481253.15   | 0.19%             | 2038-04-22      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                               | Symphony CLO XXXIII Ltd                          | CUSIP: 87169JAN2<br>LEI: 254900K6DKU2R9SF7M98 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $989800.10    | 0.12%             | 2038-01-24      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                | Benefit Street Partners Clo XXXVII Ltd           | CUSIP: 08182TAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6250000 | PA      | $6250000.00   | 0.78%             | 2038-01-25      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                       | Madison Park Funding LXI Ltd                     | CUSIP: 55822NAA7<br>LEI: 2138008EAUXBYEZRP521 | Long             | ABS-CBDO         | CORP              | JE        |   1500000 | PA      | $1503750.00   | 0.19%             | 2037-01-20      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Bridge Street CLO Ltd                          | Bridge Street CLO Ltd                            | CUSIP: 107921AA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1975757.80   | 0.25%             | 2038-04-20      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Regatta XXIII Funding Ltd                      | Regatta XXIII Funding Ltd                        | CUSIP: 75889FAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4500000.00   | 0.57%             | 2035-01-20      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                           | Birch Grove CLO 3 Ltd                            | CUSIP: 09076VAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3981822.80   | 0.50%             | 2038-01-19      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| TCW Ltd                                        | TCW CLO 2019-2 Ltd                               | CUSIP: 87242BBG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1992000.00   | 0.25%             | 2038-01-20      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                       | Madison Park Funding LXII Ltd                    | CUSIP: 55817HAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1252670.50   | 0.16%             | 2036-07-17      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited               | Bain Capital Credit CLO 2024-6 Ltd               | CUSIP: 05685XAA6<br>LEI: 254900HQYGN91X5XN386 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999188.80    | 0.13%             | 2038-01-21      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Flatiron CLO Ltd                               | Flatiron CLO 25 Ltd                              | CUSIP: 33883XAA8<br>LEI: 254900Z25NHHRUZ9O184 | Long             | ABS-CBDO         | CORP              | KY        |   3650000 | PA      | $3648394.73   | 0.46%             | 2037-10-17      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Regatta XXIV Funding Ltd.                      | Regatta XXIV Funding Ltd                         | CUSIP: 75889HAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5360000 | PA      | $5350713.80   | 0.67%             | 2038-01-20      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                | OHA Credit Funding 6 Ltd                         | CUSIP: 67098UAY1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2500945.25   | 0.31%             | 2037-10-20      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                         | RR 37 LTD                                        | CUSIP: 78110XAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1982173.80   | 0.25%             | 2038-04-15      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                   | Ares LXVII CLO Ltd                               | CUSIP: 039939AN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $1986000.00   | 0.25%             | 2038-01-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                         | RR 21 Ltd                                        | CUSIP: 78110TAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   5000000 | PA      | $5000500.00   | 0.63%             | 2039-07-15      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                           | Birch Grove CLO 8 Ltd                            | CUSIP: 09077TAA3<br>LEI: 254900WH1INTG23INE62 | Long             | ABS-CBDO         | CORP              | JE        |   5210000 | PA      | $5217545.64   | 0.66%             | 2037-04-20      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Cayuga Park CLO, Ltd.                          | Cayuga Park CLO Ltd                              | CUSIP: 149791AP0<br>LEI: 549300SVH2QJEV4A2G21 | Long             | ABS-CBDO         | CORP              | KY        |   4740000 | PA      | $4737630.00   | 0.59%             | 2034-07-17      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

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

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer