# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001410368-25-010145
**Filing Date:** 2025-9
**Character Count:** 196252
**Document Hash:** 8470ab734690969af7284767c771bfc7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-010145.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-010145

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20251031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09729
- **FILM NUMBER:** 251338615

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

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

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

## Series and Classes Contracts Data

### iShares USD Green Bond ETF (Series ID: S000063466)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000205645 | iShares USD Green Bond ETF | BGRN            |

## Nport-Ex

Schedule of Investments (unaudited)

July 31, 2025

**iShares® USD Green Bond ETF**

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

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Collateralized Mortgage Obligations** | **Collateralized Mortgage Obligations** | **Collateralized Mortgage Obligations** |
| **United States — 0.0%** | **United States — 0.0%** | **United States — 0.0%** |
| &nbsp;&nbsp;&nbsp; Federal National Mortgage Association-ACES, Series <br> 2017, Class A2, 2.97%, 09/25/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; $60 | $58672 |
| **Total Collateralized Mortgage Obligations — 0.0%** <br>**(Cost: $58,272)** | **Total Collateralized Mortgage Obligations — 0.0%** <br>**(Cost: $58,272)** | 58672 |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Australia — 0.8%** | **Australia — 0.8%** | **Australia — 0.8%** |
| MTR Corp. CI Ltd., 2.50%, 11/02/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1100 | 1076337 |
| Norinchukin Bank (The), 1.28%, 09/22/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 780 | 750146 |
| Principal Life Global Funding II, 1.25%, 08/16/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1045 | 1011096 |
| WP Carey Inc., 2.45%, 02/01/32 | &nbsp;&nbsp;&nbsp; 606 | 519645 |
|  |  | 3357224 |
| **Brazil — 0.5%** | **Brazil — 0.5%** | **Brazil — 0.5%** |
| Suzano Austria GmbH, 5.75%, 07/14/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 830 | 837634 |
| Suzano International Finance BV, 5.50%, 01/17/27 | &nbsp;&nbsp;&nbsp; 1285 | 1299596 |
|  |  | 2137230 |
| **Canada — 1.5%** | **Canada — 1.5%** | **Canada — 1.5%** |
| Alimentation Couche-Tard Inc., 3.63%, 05/13/51<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 570 | 387789 |
| Brookfield Finance Inc., 2.72%, 04/15/31 | &nbsp;&nbsp;&nbsp; 905 | 816211 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce, 0.95%, <br> 10/23/25<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 810 | 803137 |
| Manulife Financial Corp., 3.70%, 03/16/32 | &nbsp;&nbsp;&nbsp; 1285 | 1214056 |
| Royal Bank of Canada, 1.15%, 07/14/26 | &nbsp;&nbsp;&nbsp; 1349 | 1308393 |
| Southern Power Co., 0.90%, 01/15/26 | &nbsp;&nbsp;&nbsp; 717 | 704539 |
| Toronto-Dominion Bank (The), 5.26%, 12/11/26 | &nbsp;&nbsp;&nbsp; 1077 | 1088679 |
|  |  | 6322804 |
| **Chile — 0.6%** | **Chile — 0.6%** | **Chile — 0.6%** |
| Colbun SA, 3.15%, 01/19/32<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 940 | 837538 |
| Engie Energia Chile SA, 6.38%, 04/17/34<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 800 | 837773 |
| Inversiones CMPC SA, 4.38%, 04/04/27<sup>(b)(d)</sup> | &nbsp;&nbsp;&nbsp; 780 | 774062 |
|  |  | 2449373 |
| **China — 3.6%** | **China — 3.6%** | **China — 3.6%** |
| Agricultural Bank of China Ltd./New York |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 01/19/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 394133 |
| &nbsp;&nbsp;&nbsp; 2.00%, 01/18/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 600 | 579962 |
| Amipeace Ltd., 1.75%, 11/09/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 700 | 677526 |
| Baidu Inc., 2.38%, 08/23/31<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1105 | 980529 |
| Bank of China Ltd./Luxembourg, 1.40%, 04/28/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1200 | 1173920 |
| Bank of China Ltd./Paris, 4.75%, 11/23/25<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 600 | 600202 |
| &nbsp;&nbsp;&nbsp; Chengdu Tianfu New Area Investment Group Co. Ltd., <br> 5.45%, 04/10/27<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 201290 |
| China Construction Bank Corp./Hong Kong |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 08/04/25<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1400 | 1400000 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/30/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 800 | 806125 |
| &nbsp;&nbsp;&nbsp; China Construction Bank Corp./Sydney, 4.50%, <br> 05/31/26<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 800 | 800524 |
| &nbsp;&nbsp;&nbsp; China Merchants Bank Co. Ltd./Luxembourg Branch, <br> 1.25%, 09/01/26<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 500 | 482981 |
| &nbsp;&nbsp;&nbsp; Henan Railway Construction & Investment Group Co. <br> Ltd., 4.80%, 01/10/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 800 | 799964 |
| &nbsp;&nbsp;&nbsp; Industrial & Commercial Bank of China <br> Ltd./Hong Kong<br>|  |  |
| &nbsp;&nbsp;&nbsp; 1.63%, 10/28/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1800 | 1740569 |
| &nbsp;&nbsp;&nbsp; 5.38%, 10/25/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1900 | 1920753 |
| Lenovo Group Ltd., 6.54%, 07/27/32<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1005 | 1079091 |
| &nbsp;&nbsp;&nbsp; Xiaomi Best Time International Ltd., 4.10%, <br> 07/14/51<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 660 | 510096 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **China (continued)** | **China (continued)** | **China (continued)** |
| Xingcheng Bvi Ltd., 2.38%, 10/08/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $600 | $579107 |
|  |  | 14726772 |
| **Denmark — 0.3%** | **Denmark — 0.3%** | **Denmark — 0.3%** |
| AP Moller - Maersk A/S, 5.88%, 09/14/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; 1305 | 1380269 |
| **France — 0.9%** | **France — 0.9%** | **France — 0.9%** |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA, 1.68%, 06/30/27, (1-day SOFR + <br> 0.912%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 1745 | 1698084 |
| Electricite de France SA, 3.63%, 10/13/25<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 2140 | 2133671 |
|  |  | 3831755 |
| **Germany — 4.3%** | **Germany — 4.3%** | **Germany — 4.3%** |
| Deutsche Bank AG/New York, 1.69%, 03/19/26 | &nbsp;&nbsp;&nbsp; 1420 | 1394443 |
| Kreditanstalt fuer Wiederaufbau |  |  |
| &nbsp;&nbsp;&nbsp; 0.75%, 09/30/30 | &nbsp;&nbsp;&nbsp; 3372 | 2865611 |
| &nbsp;&nbsp;&nbsp; 1.00%, 10/01/26 | &nbsp;&nbsp;&nbsp; 4711 | 4543666 |
| &nbsp;&nbsp;&nbsp; 1.75%, 09/14/29 | &nbsp;&nbsp;&nbsp; 3412 | 3128855 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/28/34 | &nbsp;&nbsp;&nbsp; 3570 | 3584244 |
| RWE Finance U.S. LLC, 5.88%, 04/16/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1850 | 1912423 |
|  |  | 17429242 |
| **Hong Kong — 1.4%** | **Hong Kong — 1.4%** | **Hong Kong — 1.4%** |
| &nbsp;&nbsp;&nbsp; CMB International Leasing Management Ltd., 1.75%, <br> 09/16/26<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 400 | 387428 |
| &nbsp;&nbsp;&nbsp; Hongkong Land Finance Cayman Islands Co. Ltd. <br> (The), 2.25%, 07/15/31<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 700 | 610490 |
| ICBCIL Finance Co. Ltd., 2.25%, 11/02/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1300 | 1263513 |
| &nbsp;&nbsp;&nbsp; Link Finance Cayman 2009 Ltd. (The), 2.88%, <br> 07/21/26<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 900 | 885598 |
| MTR Corp. Ltd., 1.63%, 08/19/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2080 | 1844546 |
| &nbsp;&nbsp;&nbsp; Swire Properties MTN Financing Ltd., 3.50%, <br> 01/10/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 900 | 874727 |
|  |  | 5866302 |
| **Hungary — 0.3%** | **Hungary — 0.3%** | **Hungary — 0.3%** |
| MVM Energetika Zrt, 7.50%, 06/09/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1300 | 1365356 |
| **India — 1.4%** | **India — 1.4%** | **India — 1.4%** |
| Indian Railway Finance Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.57%, 01/21/32<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 890 | 822966 |
| &nbsp;&nbsp;&nbsp; 3.84%, 12/13/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 980843 |
| Power Finance Corp. Ltd., 3.75%, 12/06/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 700 | 684514 |
| REC Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 07/07/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 900 | 885589 |
| &nbsp;&nbsp;&nbsp; 4.75%, 09/27/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 840 | 838662 |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/11/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1400 | 1429407 |
|  |  | 5641981 |
| **Indonesia — 0.5%** | **Indonesia — 0.5%** | **Indonesia — 0.5%** |
| Pertamina Geothermal Energy PT, 5.15%, 04/27/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 730 | 737178 |
| &nbsp;&nbsp;&nbsp; Star Energy Geothermal Darajat II/Star Energy <br> Geothermal Salak, 4.85%, 10/14/38<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1400 | 1322963 |
|  |  | 2060141 |
| **Ireland — 0.4%** | **Ireland — 0.4%** | **Ireland — 0.4%** |
| &nbsp;&nbsp;&nbsp; Bank of Ireland Group PLC, 6.25%, 09/16/26, (1-year <br> CMT + 2.650%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 1650 | 1652876 |
| **Japan — 3.9%** | **Japan — 3.9%** | **Japan — 3.9%** |
| Aozora Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.90%, 03/02/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 401705 |
| &nbsp;&nbsp;&nbsp; 5.90%, 09/08/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 500 | 504135 |
| &nbsp;&nbsp;&nbsp; Central Nippon Expressway Co. Ltd., 0.89%, <br> 12/10/25<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 700 | 690295 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® USD Green Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Japan (continued)** | **Japan (continued)** | **Japan (continued)** |
| Honda Motor Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.53%, 03/10/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; $1923 | $1866172 |
| &nbsp;&nbsp;&nbsp; 2.97%, 03/10/32 | &nbsp;&nbsp;&nbsp; 1419 | 1269526 |
| Marubeni Corp., 1.58%, 09/17/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 900 | 869534 |
| Mitsui Fudosan Co. Ltd., 2.57%, 01/21/32<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 575 | 495843 |
| Mizuho Financial Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.26%, 05/22/30, (1-year CMT + 1.250%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 895 | 852515 |
| &nbsp;&nbsp;&nbsp; 5.78%, 07/06/29, (1-year CMT + 1.650%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2525 | 2610329 |
| Norinchukin Bank (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.87%, 09/14/27<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; 775 | 776705 |
| &nbsp;&nbsp;&nbsp; 5.09%, 10/16/29<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; 900 | 908377 |
| &nbsp;&nbsp;&nbsp; 5.43%, 03/09/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1060 | 1077587 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group Inc., 2.47%, <br> 01/14/29<br>| &nbsp;&nbsp;&nbsp; 905 | 847255 |
| Sumitomo Mitsui Trust Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 1.55%, 03/25/26<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; 795 | 779981 |
| &nbsp;&nbsp;&nbsp; 2.80%, 03/10/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 890 | 867025 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/09/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; 1015 | 1040996 |
|  |  | 15857980 |
| **Kuwait — 0.2%** | **Kuwait — 0.2%** | **Kuwait — 0.2%** |
| &nbsp;&nbsp;&nbsp; NBK SPC Ltd., 5.50%, 06/06/30, (1-day SOFR + <br> 1.160%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 900 | 924785 |
| **Netherlands — 2.1%** | **Netherlands — 2.1%** | **Netherlands — 2.1%** |
| &nbsp;&nbsp;&nbsp; ABN AMRO Bank NV, 2.47%, 12/13/29, (1-year CMT <br> + 1.100%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 1685 | 1571963 |
| Cooperatieve Rabobank UA |  |  |
| &nbsp;&nbsp;&nbsp; 1.00%, 09/24/26, (1-year CMT + 0.730%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 1515 | 1506315 |
| &nbsp;&nbsp;&nbsp; 1.11%, 02/24/27, (1-year CMT + 0.550%)<sup>(a)(c)(d)</sup> | &nbsp;&nbsp;&nbsp; 1725 | 1690582 |
| ING Groep NV, 4.63%, 01/06/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1965 | 1964762 |
| &nbsp;&nbsp;&nbsp; Nederlandse Waterschapsbank NV, 2.38%, <br> 03/24/26<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 2030 | 2004700 |
|  |  | 8738322 |
| **Portugal — 0.3%** | **Portugal — 0.3%** | **Portugal — 0.3%** |
| EDP Finance BV, 1.71%, 01/24/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1425 | 1333423 |
| **Qatar — 0.2%** | **Qatar — 0.2%** | **Qatar — 0.2%** |
| QNB Finance Ltd., 1.63%, 09/22/25<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 995055 |
| **Saudi Arabia — 5.2%** | **Saudi Arabia — 5.2%** | **Saudi Arabia — 5.2%** |
| Gaci First Investment Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/14/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2900 | 2912037 |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/14/35<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 3700 | 3639374 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/13/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2000 | 2017471 |
| &nbsp;&nbsp;&nbsp; 5.13%, 02/14/53<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 3100 | 2678323 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/13/32<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2920 | 2982959 |
| &nbsp;&nbsp;&nbsp; 5.38%, 10/13/2122<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 800 | 666173 |
| Saudi Electricity Global Sukuk Co. 5 |  |  |
| &nbsp;&nbsp;&nbsp; 1.74%, 09/17/25<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1200 | 1196250 |
| &nbsp;&nbsp;&nbsp; 2.41%, 09/17/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1100 | 977522 |
| Saudi Electricity Sukuk Programme Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 04/11/33<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2150 | 2125736 |
| &nbsp;&nbsp;&nbsp; 5.49%, 02/18/35<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2200 | 2253889 |
|  |  | 21449734 |
| **South Korea — 3.1%** | **South Korea — 3.1%** | **South Korea — 3.1%** |
| Doosan Enerbility Co. Ltd., 5.50%, 07/17/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 600 | 604862 |
| &nbsp;&nbsp;&nbsp; Hanwha Q Cells Americas Holdings Corp., 5.00%, <br> 07/27/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 625 | 630906 |
| Hyundai Capital Services Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 02/08/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 925 | 908781 |
| &nbsp;&nbsp;&nbsp; 2.50%, 01/24/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 450 | 435843 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **South Korea (continued)** | **South Korea (continued)** | **South Korea (continued)** |
| Kia Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 10/16/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $750 | $724246 |
| &nbsp;&nbsp;&nbsp; 2.75%, 02/14/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 530 | 515041 |
| &nbsp;&nbsp;&nbsp; Kyobo Life Insurance Co. Ltd., 5.90%, 06/15/52, <br> (5-year CMT + 2.887%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 980 | 989674 |
| LG Chem Ltd., 3.63%, 04/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 945 | 903795 |
| LG Energy Solution Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 07/02/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1485 | 1508742 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/02/34<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 770 | 762260 |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/25/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 825 | 832615 |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/25/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 925 | 948339 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/02/35<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1300 | 1321049 |
| Shinhan Bank Co. Ltd., 4.38%, 04/13/32<sup>(b)(d)</sup> | &nbsp;&nbsp;&nbsp; 890 | 851270 |
| SK Battery America Inc., 4.88%, 01/23/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 600 | 601088 |
|  |  | 12538511 |
| **Supranational — 0.5%** | **Supranational — 0.5%** | **Supranational — 0.5%** |
| New Development Bank (The), 5.13%, 04/26/26<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1900 | 1904005 |
| **Sweden — 0.4%** | **Sweden — 0.4%** | **Sweden — 0.4%** |
| Swedbank AB, 1.54%, 11/16/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1540 | 1486928 |
| **United Arab Emirates — 6.3%** | **United Arab Emirates — 6.3%** | **United Arab Emirates — 6.3%** |
| Abu Dhabi Commercial Bank PJSC |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/14/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 900 | 899692 |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/12/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 900 | 928807 |
| Abu Dhabi Future Energy Co Pjsc Masdar |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/25/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 900 | 910334 |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/25/33<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1400 | 1391054 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/25/34<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 900 | 917038 |
| Abu Dhabi Future Energy Co. Pjsc Masdar |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/21/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 850 | 859876 |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/21/35<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 800 | 817158 |
| Abu Dhabi National Energy Co. PJSC |  |  |
| &nbsp;&nbsp;&nbsp; 4.70%, 04/24/33<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1750 | 1734491 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/09/37<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1600 | 1536674 |
| Adib Sukuk Co. II Ltd., 5.70%, 11/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 700 | 725442 |
| Aldar Investment Properties Sukuk Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/24/33<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 700 | 694031 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/25/35<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 400 | 405170 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/16/34<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1700 | 1754064 |
| Commercial Bank of Dubai PSC, 5.32%, 06/14/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 800 | 815190 |
| DP World Crescent Ltd., 5.50%, 09/13/33<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2600 | 2670381 |
| Emirates NBD Bank PJSC, 5.88%, 10/11/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1300 | 1353620 |
| First Abu Dhabi Bank PJSC |  |  |
| &nbsp;&nbsp;&nbsp; 4.77%, 06/06/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1200 | 1208121 |
| &nbsp;&nbsp;&nbsp; 5.13%, 10/13/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1175 | 1192165 |
| MAF Sukuk Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 3.93%, 02/28/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1000 | 970468 |
| &nbsp;&nbsp;&nbsp; 4.64%, 05/14/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1400 | 1394777 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/33<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 600 | 603629 |
| &nbsp;&nbsp;&nbsp; National Central Cooling Co. PJSC, 5.28%, <br> 03/05/30<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1017724 |
| Sweihan PV Power Co. PJSC, 3.63%, 01/31/49<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1099 | 903948 |
|  |  | 25703854 |
| **United States — 36.0%** | **United States — 36.0%** | **United States — 36.0%** |
| AES Andes SA, 6.30%, 03/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 750 | 775215 |
| AES Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 1.38%, 01/15/26 | &nbsp;&nbsp;&nbsp; 1388 | 1365793 |
| &nbsp;&nbsp;&nbsp; 2.45%, 01/15/31<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1853 | 1637591 |
| &nbsp;&nbsp;&nbsp; 5.45%, 06/01/28 | &nbsp;&nbsp;&nbsp; 1530 | 1553955 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® USD Green Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Alexandria Real Estate Equities Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 05/18/32 | &nbsp;&nbsp;&nbsp; $1550 | $1283344 |
| &nbsp;&nbsp;&nbsp; 2.95%, 03/15/34 | &nbsp;&nbsp;&nbsp; 1327 | 1118704 |
| &nbsp;&nbsp;&nbsp; 3.80%, 04/15/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 729 | 724562 |
| &nbsp;&nbsp;&nbsp; 4.75%, 04/15/35<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1022 | 976956 |
| American Homes 4 Rent LP, 5.50%, 02/01/34 | &nbsp;&nbsp;&nbsp; 1032 | 1048924 |
| Apple Inc., 3.00%, 06/20/27 | &nbsp;&nbsp;&nbsp; 1930 | 1893376 |
| Arizona Public Service Co., 2.65%, 09/15/50 | &nbsp;&nbsp;&nbsp; 709 | 417456 |
| AvalonBay Communities Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.90%, 12/01/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 878 | 813329 |
| &nbsp;&nbsp;&nbsp; 2.05%, 01/15/32<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1175 | 1009146 |
| Avangrid Inc., 3.80%, 06/01/29 | &nbsp;&nbsp;&nbsp; 1405 | 1369698 |
| Boston Properties LP |  |  |
| &nbsp;&nbsp;&nbsp; 2.45%, 10/01/33 | &nbsp;&nbsp;&nbsp; 1440 | 1155432 |
| &nbsp;&nbsp;&nbsp; 2.55%, 04/01/32 | &nbsp;&nbsp;&nbsp; 1420 | 1202821 |
| &nbsp;&nbsp;&nbsp; 3.40%, 06/21/29 | &nbsp;&nbsp;&nbsp; 1800 | 1706349 |
| &nbsp;&nbsp;&nbsp; 4.50%, 12/01/28 | &nbsp;&nbsp;&nbsp; 1765 | 1748086 |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/15/34<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1420 | 1519637 |
| &nbsp;&nbsp;&nbsp; 6.75%, 12/01/27 | &nbsp;&nbsp;&nbsp; 1285 | 1343280 |
| Consolidated Edison Co. of New York Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.60%, 06/15/61<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1300 | 884399 |
| &nbsp;&nbsp;&nbsp; Series 20A, 3.35%, 04/01/30 | &nbsp;&nbsp;&nbsp; 1072 | 1027949 |
| &nbsp;&nbsp;&nbsp; Series 20B, 3.95%, 04/01/50 | &nbsp;&nbsp;&nbsp; 1795 | 1391505 |
| Dominion Energy Inc., Series C, 2.25%, 08/15/31 | &nbsp;&nbsp;&nbsp; 1461 | 1269059 |
| DTE Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 03/01/49 | &nbsp;&nbsp;&nbsp; 1166 | 913642 |
| &nbsp;&nbsp;&nbsp; Series A, 1.90%, 04/01/28 | &nbsp;&nbsp;&nbsp; 1062 | 999199 |
| &nbsp;&nbsp;&nbsp; Series A, 4.05%, 05/15/48 | &nbsp;&nbsp;&nbsp; 916 | 736439 |
| &nbsp;&nbsp;&nbsp; Series B, 3.25%, 04/01/51 | &nbsp;&nbsp;&nbsp; 745 | 507699 |
| &nbsp;&nbsp;&nbsp; Series B, 3.65%, 03/01/52 | &nbsp;&nbsp;&nbsp; 789 | 577156 |
| Duke Energy Carolinas LLC, 3.95%, 11/15/28 | &nbsp;&nbsp;&nbsp; 1095 | 1085674 |
| Duke Energy Florida LLC, 2.50%, 12/01/29 | &nbsp;&nbsp;&nbsp; 1215 | 1125473 |
| Duke Energy Progress LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.45%, 03/15/29 | &nbsp;&nbsp;&nbsp; 1028 | 997413 |
| &nbsp;&nbsp;&nbsp; 5.10%, 03/15/34 | &nbsp;&nbsp;&nbsp; 895 | 903320 |
| Equinix Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.00%, 09/15/25 | &nbsp;&nbsp;&nbsp; 1353 | 1346166 |
| &nbsp;&nbsp;&nbsp; 1.55%, 03/15/28 | &nbsp;&nbsp;&nbsp; 1192 | 1107257 |
| &nbsp;&nbsp;&nbsp; 2.50%, 05/15/31 | &nbsp;&nbsp;&nbsp; 1820 | 1612171 |
| &nbsp;&nbsp;&nbsp; 3.90%, 04/15/32 | &nbsp;&nbsp;&nbsp; 2150 | 2028509 |
| ERP Operating LP |  |  |
| &nbsp;&nbsp;&nbsp; 1.85%, 08/01/31<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 834 | 717694 |
| &nbsp;&nbsp;&nbsp; 4.15%, 12/01/28 | &nbsp;&nbsp;&nbsp; 706 | 702434 |
| Evergy Kansas Central Inc., 2.55%, 07/01/26 | &nbsp;&nbsp;&nbsp; 591 | 581603 |
| Federal Realty OP LP |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 02/15/26 | &nbsp;&nbsp;&nbsp; 777 | 762234 |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/01/28 | &nbsp;&nbsp;&nbsp; 573 | 585090 |
| &nbsp;&nbsp;&nbsp; Fifth Third Bancorp, 1.71%, 11/01/27, (1-day SOFR + <br> 0.685%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 963 | 929185 |
| Ford Motor Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 02/12/32 | &nbsp;&nbsp;&nbsp; 4522 | 3832002 |
| &nbsp;&nbsp;&nbsp; 6.10%, 08/19/32<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 3002 | 3002689 |
| General Motors Co. |  |  |
| &nbsp;&nbsp;&nbsp; 5.40%, 10/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1731 | 1770639 |
| &nbsp;&nbsp;&nbsp; 5.60%, 10/15/32<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 2266 | 2310227 |
| Georgia Power Co., 3.25%, 04/01/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 597 | 591989 |
| &nbsp;&nbsp;&nbsp; HA Sustainable Infrastructure Capital Inc., 6.38%, <br> 07/01/34<br>| &nbsp;&nbsp;&nbsp; 1645 | 1629918 |
| HAT Holdings I LLC/HAT Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 06/15/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1702 | 1669092 |
| &nbsp;&nbsp;&nbsp; 3.75%, 09/15/30<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; 634 | 576107 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; 8.00%, 06/15/27<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; $1392 | $1443638 |
| Healthpeak OP LLC |  |  |
| &nbsp;&nbsp;&nbsp; 1.35%, 02/01/27 | &nbsp;&nbsp;&nbsp; 887 | 846672 |
| &nbsp;&nbsp;&nbsp; 2.13%, 12/01/28 | &nbsp;&nbsp;&nbsp; 893 | 826745 |
| Host Hotels & Resorts LP |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 07/01/34 | &nbsp;&nbsp;&nbsp; 1030 | 1034754 |
| &nbsp;&nbsp;&nbsp; Series H, 3.38%, 12/15/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1113 | 1043846 |
| &nbsp;&nbsp;&nbsp; Series I, 3.50%, 09/15/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1748 | 1620777 |
| &nbsp;&nbsp;&nbsp; Series J, 2.90%, 12/15/31 | &nbsp;&nbsp;&nbsp; 466 | 407147 |
| Interstate Power & Light Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 09/30/49 | &nbsp;&nbsp;&nbsp; 583 | 408618 |
| &nbsp;&nbsp;&nbsp; 3.60%, 04/01/29<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 661 | 642216 |
| &nbsp;&nbsp;&nbsp; 4.10%, 09/26/28 | &nbsp;&nbsp;&nbsp; 880 | 870511 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., 6.07%, 10/22/27, (1-day <br> SOFR + 1.330%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 3689 | 3755865 |
| Kilroy Realty LP |  |  |
| &nbsp;&nbsp;&nbsp; 2.50%, 11/15/32 | &nbsp;&nbsp;&nbsp; 690 | 556373 |
| &nbsp;&nbsp;&nbsp; 2.65%, 11/15/33 | &nbsp;&nbsp;&nbsp; 762 | 603409 |
| &nbsp;&nbsp;&nbsp; 4.75%, 12/15/28 | &nbsp;&nbsp;&nbsp; 665 | 658341 |
| Kimco Realty OP LLC, 2.70%, 10/01/30 | &nbsp;&nbsp;&nbsp; 855 | 781382 |
| Liberty Utilities Finance GP 1, 2.05%, 09/15/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1008 | 880983 |
| MidAmerican Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp; 2.70%, 08/01/52 | &nbsp;&nbsp;&nbsp; 1165 | 716087 |
| &nbsp;&nbsp;&nbsp; 3.10%, 05/01/27 | &nbsp;&nbsp;&nbsp; 792 | 777040 |
| &nbsp;&nbsp;&nbsp; 3.15%, 04/15/50 | &nbsp;&nbsp;&nbsp; 1318 | 887361 |
| &nbsp;&nbsp;&nbsp; 3.65%, 04/15/29 | &nbsp;&nbsp;&nbsp; 1390 | 1358428 |
| &nbsp;&nbsp;&nbsp; 3.65%, 08/01/48 | &nbsp;&nbsp;&nbsp; 1160 | 860925 |
| &nbsp;&nbsp;&nbsp; 3.95%, 08/01/47 | &nbsp;&nbsp;&nbsp; 842 | 659502 |
| &nbsp;&nbsp;&nbsp; 4.25%, 07/15/49 | &nbsp;&nbsp;&nbsp; 1512 | 1226478 |
| &nbsp;&nbsp;&nbsp; 5.30%, 02/01/55 | &nbsp;&nbsp;&nbsp; 1020 | 965674 |
| &nbsp;&nbsp;&nbsp; 5.35%, 01/15/34 | &nbsp;&nbsp;&nbsp; 595 | 612221 |
| &nbsp;&nbsp;&nbsp; 5.85%, 09/15/54 | &nbsp;&nbsp;&nbsp; 1725 | 1765618 |
| New York State Electric & Gas Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.30%, 08/15/34<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 864 | 874525 |
| &nbsp;&nbsp;&nbsp; 5.65%, 08/15/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; 580 | 600330 |
| &nbsp;&nbsp;&nbsp; 5.85%, 08/15/33<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; 752 | 789177 |
| &nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings Inc., 1.90%, <br> 06/15/28<br>| &nbsp;&nbsp;&nbsp; 2543 | 2377395 |
| Niagara Mohawk Power Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 1.96%, 06/27/30<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 950 | 838811 |
| &nbsp;&nbsp;&nbsp; 5.78%, 09/16/52<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 900 | 870002 |
| NiSource Inc., 5.00%, 06/15/52 | &nbsp;&nbsp;&nbsp; 646 | 569620 |
| Norinchukin Bank (The), 2.08%, 09/22/31<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; 840 | 711343 |
| Northern States Power Co./MN |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 04/01/31 | &nbsp;&nbsp;&nbsp; 730 | 653774 |
| &nbsp;&nbsp;&nbsp; 2.60%, 06/01/51<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 928 | 558563 |
| &nbsp;&nbsp;&nbsp; 2.90%, 03/01/50<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 920 | 597504 |
| &nbsp;&nbsp;&nbsp; 3.20%, 04/01/52 | &nbsp;&nbsp;&nbsp; 779 | 526656 |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/01/52 | &nbsp;&nbsp;&nbsp; 1275 | 1075664 |
| &nbsp;&nbsp;&nbsp; 5.40%, 03/15/54 | &nbsp;&nbsp;&nbsp; 1213 | 1172791 |
| NSTAR Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.10%, 06/01/51 | &nbsp;&nbsp;&nbsp; 532 | 349594 |
| &nbsp;&nbsp;&nbsp; 3.25%, 05/15/29 | &nbsp;&nbsp;&nbsp; 745 | 714872 |
| &nbsp;&nbsp;&nbsp; 3.95%, 04/01/30 | &nbsp;&nbsp;&nbsp; 718 | 700709 |
| &nbsp;&nbsp;&nbsp; 4.95%, 09/15/52 | &nbsp;&nbsp;&nbsp; 706 | 626945 |
| Oncor Electric Delivery Co. LLC, 4.15%, 06/01/32 | &nbsp;&nbsp;&nbsp; 666 | 640549 |
| Pacific Life Global Funding II, 1.38%, 04/14/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1405 | 1375101 |
| PacifiCorp |  |  |
| &nbsp;&nbsp;&nbsp; 2.90%, 06/15/52 | &nbsp;&nbsp;&nbsp; 1713 | 1012319 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/15/54 | &nbsp;&nbsp;&nbsp; 2081 | 1900919 |
| Piedmont Operating Partnership LP, 3.15%, 08/15/30 | &nbsp;&nbsp;&nbsp; 455 | 405134 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® USD Green Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group Inc. (The), 4.76%, <br> 01/26/27, (1-day SOFR Index + 1.085%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; $2275 | $2275279 |
| Prologis LP |  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 10/15/30 | &nbsp;&nbsp;&nbsp; 1291 | 1097791 |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/15/33 | &nbsp;&nbsp;&nbsp; 1218 | 1204797 |
| Prudential Financial Inc., 1.50%, 03/10/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 896 | 879878 |
| Public Service Co. of Colorado |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 06/15/28 | &nbsp;&nbsp;&nbsp; 681 | 670688 |
| &nbsp;&nbsp;&nbsp; 4.10%, 06/15/48 | &nbsp;&nbsp;&nbsp; 560 | 432765 |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/15/54<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1331 | 1314489 |
| &nbsp;&nbsp;&nbsp; Series 34, 3.20%, 03/01/50 | &nbsp;&nbsp;&nbsp; 873 | 577296 |
| &nbsp;&nbsp;&nbsp; Series 36, 2.70%, 01/15/51 | &nbsp;&nbsp;&nbsp; 630 | 370654 |
| Public Service Co. of Oklahoma |  |  |
| &nbsp;&nbsp;&nbsp; Series J, 2.20%, 08/15/31 | &nbsp;&nbsp;&nbsp; 678 | 587334 |
| &nbsp;&nbsp;&nbsp; Series K, 3.15%, 08/15/51 | &nbsp;&nbsp;&nbsp; 675 | 421968 |
| Puget Sound Energy Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.45%, 06/01/53 | &nbsp;&nbsp;&nbsp; 629 | 596213 |
| &nbsp;&nbsp;&nbsp; 5.69%, 06/15/54 | &nbsp;&nbsp;&nbsp; 771 | 758954 |
| Rexford Industrial Realty LP, 2.15%, 09/01/31 | &nbsp;&nbsp;&nbsp; 660 | 563876 |
| RWE Finance U.S. LLC, 6.25%, 04/16/54<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; 1705 | 1710574 |
| Solar Star Funding LLC, 5.38%, 06/30/35<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; 1131 | 1159695 |
| Southern Power Co., 4.15%, 12/01/25 | &nbsp;&nbsp;&nbsp; 1015 | 1013010 |
| Southwestern Electric Power Co., 3.25%, 11/01/51 | &nbsp;&nbsp;&nbsp; 1202 | 776473 |
| Southwestern Public Service Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 06/15/49 | &nbsp;&nbsp;&nbsp; 540 | 388884 |
| &nbsp;&nbsp;&nbsp; Series 8, 3.15%, 05/01/50 | &nbsp;&nbsp;&nbsp; 977 | 628585 |
| Toyota Motor Credit Corp., 2.15%, 02/13/30 | &nbsp;&nbsp;&nbsp; 1351 | 1224325 |
| Tucson Electric Power Co., 1.50%, 08/01/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 496 | 426921 |
| UDR Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.90%, 03/15/33 | &nbsp;&nbsp;&nbsp; 655 | 524423 |
| &nbsp;&nbsp;&nbsp; 3.10%, 11/01/34 | &nbsp;&nbsp;&nbsp; 560 | 473514 |
| Union Electric Co., 2.63%, 03/15/51 | &nbsp;&nbsp;&nbsp; 985 | 583711 |
| Union Pacific Corp., 4.95%, 09/09/52<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1171 | 1062170 |
| Verizon Communications Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.50%, 09/18/30<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1953 | 1679901 |
| &nbsp;&nbsp;&nbsp; 2.85%, 09/03/41 | &nbsp;&nbsp;&nbsp; 1757 | 1241481 |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/08/29 | &nbsp;&nbsp;&nbsp; 1696 | 1669387 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/01/52<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1752 | 1298968 |
| &nbsp;&nbsp;&nbsp; 5.05%, 05/09/33<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1800 | 1814867 |
| &nbsp;&nbsp;&nbsp; 5.50%, 02/23/54<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1775 | 1706935 |
| Welltower OP LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.70%, 02/15/27 | &nbsp;&nbsp;&nbsp; 1005 | 980511 |
| &nbsp;&nbsp;&nbsp; 3.85%, 06/15/32 | &nbsp;&nbsp;&nbsp; 922 | 875102 |
| Wisconsin Electric Power Co., 4.75%, 09/30/32<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 855 | 861212 |
| Wisconsin Power and Light Co. |  |  |
| &nbsp;&nbsp;&nbsp; 1.95%, 09/16/31 | &nbsp;&nbsp;&nbsp; 564 | 482720 |
| &nbsp;&nbsp;&nbsp; 3.95%, 09/01/32 | &nbsp;&nbsp;&nbsp; 1050 | 992476 |
| &nbsp;&nbsp;&nbsp; 4.95%, 04/01/33 | &nbsp;&nbsp;&nbsp; 561 | 560567 |
| &nbsp;&nbsp;&nbsp; 5.38%, 03/30/34 | &nbsp;&nbsp;&nbsp; 552 | 565377 |
| Wisconsin Public Service Corp., 2.85%, 12/01/51<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 860 | 531153 |
| Xylem Inc./New York |  |  |
| &nbsp;&nbsp;&nbsp; 1.95%, 01/30/28 | &nbsp;&nbsp;&nbsp; 925 | 874778 |
| &nbsp;&nbsp;&nbsp; 2.25%, 01/30/31<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 930 | 820360 |
|  |  | 147670557 |
| **Total Corporate Bonds & Notes — 74.7%** <br>**(Cost: $313,052,354)** | **Total Corporate Bonds & Notes — 74.7%** <br>**(Cost: $313,052,354)** | 306824479 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Foreign Government Obligations**<sup>(e)</sup> | **Foreign Government Obligations**<sup>(e)</sup> | **Foreign Government Obligations**<sup>(e)</sup> |
| **Canada — 0.9%** | **Canada — 0.9%** | **Canada — 0.9%** |
| CDP Financial Inc., 1.00%, 05/26/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; $1950 | $1898510 |
| Export Development Canada, 4.75%, 06/05/34 | &nbsp;&nbsp;&nbsp; 1835 | 1881661 |
|  |  | 3780171 |
| **Chile — 1.3%** | **Chile — 1.3%** | **Chile — 1.3%** |
| Chile Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 2.55%, 01/27/32 | &nbsp;&nbsp;&nbsp; 2629 | 2302828 |
| &nbsp;&nbsp;&nbsp; 3.50%, 01/25/50 | &nbsp;&nbsp;&nbsp; 4075 | 2874215 |
|  |  | 5177043 |
| **Denmark — 0.4%** | **Denmark — 0.4%** | **Denmark — 0.4%** |
| Kommunekredit, 5.13%, 11/01/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1800 | 1840435 |
| **Finland — 0.4%** | **Finland — 0.4%** | **Finland — 0.4%** |
| Kuntarahoitus OYJ, 3.63%, 10/09/29<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1600 | 1574058 |
| **Hong Kong — 4.5%** | **Hong Kong — 4.5%** | **Hong Kong — 4.5%** |
| Airport Authority |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 01/12/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1720 | 1658735 |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/12/28<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1680 | 1698178 |
| Hong Kong Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 0.63%, 02/02/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 2335 | 2294643 |
| &nbsp;&nbsp;&nbsp; 1.38%, 02/02/31<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1460 | 1268881 |
| &nbsp;&nbsp;&nbsp; 1.75%, 11/24/31<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1600 | 1396723 |
| &nbsp;&nbsp;&nbsp; 2.38%, 02/02/51<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 800 | 497718 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/07/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; 1250 | 1248556 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/07/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1650 | 1600955 |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/07/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 800 | 800848 |
| &nbsp;&nbsp;&nbsp; 4.25%, 07/24/27<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1900 | 1909154 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/11/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 30 | 30028 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/11/28<sup>(c)(d)</sup> | &nbsp;&nbsp;&nbsp; 1710 | 1728130 |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/11/33<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1500 | 1516567 |
| &nbsp;&nbsp;&nbsp; 5.25%, 01/11/53<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 820 | 848938 |
|  |  | 18498054 |
| **Indonesia — 1.1%** | **Indonesia — 1.1%** | **Indonesia — 1.1%** |
| Perusahaan Penerbit SBSN Indonesia III |  |  |
| &nbsp;&nbsp;&nbsp; 3.55%, 06/09/51<sup>(b)(d)</sup> | &nbsp;&nbsp;&nbsp; 2280 | 1628521 |
| &nbsp;&nbsp;&nbsp; 4.70%, 06/06/32<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2500 | 2495996 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/02/54<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 480 | 470140 |
|  |  | 4594657 |
| **Israel — 0.8%** | **Israel — 0.8%** | **Israel — 0.8%** |
| &nbsp;&nbsp;&nbsp; Israel Government International Bond, 4.50%, <br> 01/17/33<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 3475 | 3320354 |
| **Japan — 0.7%** | **Japan — 0.7%** | **Japan — 0.7%** |
| Japan Bank for International Cooperation |  |  |
| &nbsp;&nbsp;&nbsp; 1.63%, 01/20/27 | &nbsp;&nbsp;&nbsp; 1335 | 1285397 |
| &nbsp;&nbsp;&nbsp; 4.38%, 10/05/27 | &nbsp;&nbsp;&nbsp; 750 | 753741 |
| &nbsp;&nbsp;&nbsp; 4.88%, 10/18/28<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 850 | 869916 |
|  |  | 2909054 |
| **Peru — 0.3%** | **Peru — 0.3%** | **Peru — 0.3%** |
| Fondo MIVIVIENDA SA, 4.63%, 04/12/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1040 | 1038953 |
| **Qatar — 1.1%** | **Qatar — 1.1%** | **Qatar — 1.1%** |
| Qatar Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 05/29/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1800 | 1827736 |
| &nbsp;&nbsp;&nbsp; 4.75%, 05/29/34<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2600 | 2657930 |
|  |  | 4485666 |
| **Senegal — 3.8%** | **Senegal — 3.8%** | **Senegal — 3.8%** |
| European Investment Bank |  |  |
| &nbsp;&nbsp;&nbsp; 0.63%, 10/21/27 | &nbsp;&nbsp;&nbsp; 585 | 543975 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® USD Green Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Senegal (continued)** | **Senegal (continued)** | **Senegal (continued)** |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/14/33 | &nbsp;&nbsp;&nbsp; $8640 | $8390204 |
| &nbsp;&nbsp;&nbsp; 4.38%, 10/10/31 | &nbsp;&nbsp;&nbsp; 6602 | 6710807 |
|  |  | 15644986 |
| **South Korea — 0.9%** | **South Korea — 0.9%** | **South Korea — 0.9%** |
| Export-Import Bank of Korea |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 10/19/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1455 | 1345672 |
| &nbsp;&nbsp;&nbsp; 2.13%, 01/18/32<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1980 | 1708708 |
| &nbsp;&nbsp;&nbsp; Korea Hydro & Nuclear Power Co. Ltd., 5.00%, <br> 07/18/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 800 | 811400 |
|  |  | 3865780 |
| **Supranational — 6.2%** | **Supranational — 6.2%** | **Supranational — 6.2%** |
| Arab Energy Fund (The), 1.48%, 10/06/26<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1140 | 1100290 |
| &nbsp;&nbsp;&nbsp; Arab Petroleum Investments Corp., 5.43%, <br> 05/02/29<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 1200 | 1236313 |
| Asian Development Bank |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 08/14/26 | &nbsp;&nbsp;&nbsp; 1005 | 980408 |
| &nbsp;&nbsp;&nbsp; 2.38%, 08/10/27<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 867 | 840119 |
| &nbsp;&nbsp;&nbsp; 3.13%, 09/26/28 | &nbsp;&nbsp;&nbsp; 1445 | 1410707 |
| &nbsp;&nbsp;&nbsp; CIF Capital Markets Mechanism PLC, 4.75%, <br> 01/22/28<sup>(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1014418 |
| European Investment Bank |  |  |
| &nbsp;&nbsp;&nbsp; 0.75%, 09/23/30 | &nbsp;&nbsp;&nbsp; 2756 | 2343128 |
| &nbsp;&nbsp;&nbsp; 1.63%, 10/09/29 | &nbsp;&nbsp;&nbsp; 1884 | 1716297 |
| &nbsp;&nbsp;&nbsp; 1.63%, 05/13/31 | &nbsp;&nbsp;&nbsp; 3670 | 3214505 |
| &nbsp;&nbsp;&nbsp; 2.13%, 04/13/26<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 2810 | 2768646 |
| &nbsp;&nbsp;&nbsp; 2.38%, 05/24/27 | &nbsp;&nbsp;&nbsp; 2796 | 2716217 |
| &nbsp;&nbsp;&nbsp; International Bank for Reconstruction & Development, <br> 3.13%, 11/20/25<br>| &nbsp;&nbsp;&nbsp; 1505 | 1498833 |
| International Finance Corp., 2.13%, 04/07/26 | &nbsp;&nbsp;&nbsp; 2230 | 2197407 |
| New Development Bank (The), 4.68%, 11/07/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2400 | 2418286 |
|  |  | 25455574 |
| **Total Foreign Government Obligations — 22.4%** <br>**(Cost: $94,542,039)** | **Total Foreign Government Obligations — 22.4%** <br>**(Cost: $94,542,039)** | 92184785 |
| **Municipal Debt Obligations** | **Municipal Debt Obligations** | **Municipal Debt Obligations** |
| **United States — 0.4%** | **United States — 0.4%** | **United States — 0.4%** |
| &nbsp;&nbsp;&nbsp; City of Los Angeles Department of Airports Customer <br> Facility Charge Revenue RB, Class A, 4.24%, <br> 05/15/48 (AGM)<br>| &nbsp;&nbsp;&nbsp; 460 | 387414 |
| &nbsp;&nbsp;&nbsp; District of Columbia Water & Sewer Authority RB, <br> 4.81%, 10/01/2114<br>| &nbsp;&nbsp;&nbsp; 500 | 419785 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp;&nbsp; San Francisco City & County Public Utilities <br> Commission Wastewater Revenue RB, Class A, <br> 4.66%, 10/01/27<br>| &nbsp;&nbsp;&nbsp; $380 | $383608 |
| University of Michigan RB, Class B, 3.50%, 04/01/52 | &nbsp;&nbsp;&nbsp; 600 | 434498 |
| **Total Municipal Debt Obligations — 0.4%** <br>**(Cost: $1,885,498)** | **Total Municipal Debt Obligations — 0.4%** <br>**(Cost: $1,885,498)** | 1625305 |
| **Total Long-Term Investments — 97.5%** <br>**(Cost: $409,538,163)** | **Total Long-Term Investments — 97.5%** <br>**(Cost: $409,538,163)** | 400693241 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 7.9%** | **Money Market Funds — 7.9%** | **Money Market Funds — 7.9%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 4.44%<sup>(f)(g)(h)</sup><br>| &nbsp;&nbsp;&nbsp; 26484243 | 26494837 |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency Shares, <br> 4.30%<sup>(f)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 5850000 | 5850000 |
| **Total Short-Term Securities — 7.9%** <br>**(Cost: $32,335,277)** | **Total Short-Term Securities — 7.9%** <br>**(Cost: $32,335,277)** | 32344837 |
| **Total Investments — 105.4%** <br>**(Cost: $441,873,440)** | **Total Investments — 105.4%** <br>**(Cost: $441,873,440)** | 433038078 |
| **Liabilities in Excess of Other Assets — (5.4)%** | **Liabilities in Excess of Other Assets — (5.4)%** | (22347482)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $410690596 |

---

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

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

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

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

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

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

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

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

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® USD Green Bond ETF**

**Affiliates**

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*10/31/24*<br>| *Purchases* <br>*at Cost*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*07/31/25*<br>| *Shares* <br>*Held at* <br>*07/31/25*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL <br> Agency Shares<br>| $34416643 | $—<br> $(7913295 )<sup>(a)</sup><br>| &nbsp;&nbsp; $(1690)<br>| $(6821)<br>| $26494837 | 26484243 | $85271 <br><sup>(b)</sup><br>| $— |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency <br> Shares<br>| &nbsp;&nbsp; 10030000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br> (4180000 )<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5850000 | 5850000 | &nbsp;&nbsp; 141521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  | $(1690) | $(6821) | $32344837 |  | $226792 | $— |

---

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

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

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

**Fair Value Hierarchy as of Period End** 

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

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

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

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

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about 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; Collateralized Mortgage Obligations | &nbsp;&nbsp; $— | &nbsp;&nbsp; $58672 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $58672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 306824479 | &nbsp;&nbsp; — | &nbsp;&nbsp; 306824479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 92184785 | &nbsp;&nbsp; — | &nbsp;&nbsp; 92184785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Debt Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 1625305 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1625305 |
| &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; 32344837 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 32344837 |
|  | &nbsp;&nbsp; $32344837 | &nbsp;&nbsp; $400693241 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $433038078 |

---

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

---

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

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® USD Green Bond ETF**

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| AGM | Assured Guaranty Municipal Corp. |
| CMT | Constant Maturity Treasury |
| PJSC | Public Joint Stock Company |

---

 <br> RB Revenue Bonds <br> SOFR Secured Overnight Financing Rate

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

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

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

- **a. Name of Series:** iShares USD Green Bond ETF

- **b. EDGAR series identifier (if any):** S000063466

- **c. LEI of Series:** 5493007EK8R2RMXHMX52

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $463449603.96

**Total Liabilities:** $52759712.89

**Net Assets:** $410689891.07

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 590.42000000 | **1-Year:** 14883.67000000 | **5-Year:** 95180.88000000 | **10-Year:** 23814.24000000 | **30-Year:** 68428.48000000

**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 C000205645 | -0.07%               | 1.41%                | 0.22%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3820.81                | $-1654439.47                               |
| Month 2  | $135.87                  | $4184740.69                                |
| Month 3  | $-410104.66              | $-147351.46                                |

### Schedule of Portfolio Investments

| Name                                                                        | Title                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Qatar Government International Bonds                                        | Qatar Government International Bonds                             | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |   2600000 | PA      | $2657930.08   | 0.65%             | 2034-05-29      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WISCONSIN PUBLIC SERVICE                                                    | Wisconsin Public Service Corp                                    | CUSIP: 976843BN1<br>LEI: 549300BJRHJVYNUMQZ30 | Long             | DBT              | CORP              | US        |    860000 | PA      | $531152.86    | 0.13%             | 2051-12-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: —       |
| ABU DHABI FUTURE ENERGY                                                     | Abu Dhabi Future Energy Co Pjsc Masdar                           | CUSIP: 000000000<br>LEI: 213800BBECR1I9FTPZ70 | Long             | DBT              | CORP              | AE        |    800000 | PA      | $817158.31    | 0.20%             | 2035-05-21      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MIDAMERICAN ENERGY CO                                                       | MidAmerican Energy Co                                            | CUSIP: 595620AY1<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1765617.92   | 0.43%             | 2054-09-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                    | European Investment Bank                                         | CUSIP: 298785KE5<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |   6602000 | PA      | $6710806.70   | 1.63%             | 2031-10-10      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                                                 | Equinix Inc                                                      | CUSIP: 29444UBL9<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |   1192000 | PA      | $1107256.94   | 0.27%             | 2028-03-15      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| AES ANDES SA                                                                | AES Andes SA                                                     | CUSIP: 000000000<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |    750000 | PA      | $775214.57    | 0.19%             | 2029-03-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| SHINHAN BANK                                                                | Shinhan Bank Co Ltd                                              | CUSIP: 82460EAR1<br>LEI: 5493003P813VL21KG928 | Long             | DBT              | CORP              | KR        |    890000 | PA      | $851270.07    | 0.21%             | 2032-04-13      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| Asian Development Bank                                                      | Asian Development Bank                                           | CUSIP: 045167EJ8<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |   1445000 | PA      | $1410706.62   | 0.34%             | 2028-09-26      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| PUGET SOUND ENERGY INC                                                      | Puget Sound Energy Inc                                           | CUSIP: 745332CL8<br>LEI: 8MNFJR7KOMBQ7X62LK44 | Long             | DBT              | CORP              | US        |    629000 | PA      | $596213.41    | 0.15%             | 2053-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                                                    | Host Hotels & Resorts LP                                         | CUSIP: 44107TBB1<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              |  | US        |   1030000 | PA      | $1034754.33   | 0.25%             | 2034-07-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ADIB SUKUK II CO LTD                                                        | Adib Sukuk Co II Ltd                                             | CUSIP: 000000000<br>LEI: 254900P61RF2TVOBAD72 | Long             | DBT              | CORP              | KY        |    700000 | PA      | $725441.76    | 0.18%             | 2028-11-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Southern Power Co                                                           | Southern Power Co                                                | CUSIP: 843646AM2<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |   1015000 | PA      | $1013009.57   | 0.25%             | 2025-12-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| PUGET SOUND ENERGY INC                                                      | Puget Sound Energy Inc                                           | CUSIP: 745332CN4<br>LEI: 8MNFJR7KOMBQ7X62LK44 | Long             | DBT              | CORP              | US        |    771000 | PA      | $758954.34    | 0.18%             | 2054-06-15      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| IND & COMM BK CHINA/HK                                                      | Industrial & Commercial Bank of China Ltd/Hong Kong              | CUSIP: 000000000<br>LEI: 5493002ERZU2K9PZDL40 | Long             | DBT              | CORP              | CN        |   1800000 | PA      | $1740569.36   | 0.42%             | 2026-10-28      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| KFW                                                                         | Kreditanstalt fuer Wiederaufbau                                  | CUSIP: 500769JQ8<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |   4711000 | PA      | $4543665.94   | 1.11%             | 2026-10-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| RWE FINANCE US LLC                                                          | RWE Finance US LLC                                               | CUSIP: 749983AA0<br>LEI: 529900J7MYLKI84UP772 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1912423.35   | 0.47%             | 2034-04-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES PWR-MINN                                                    | Northern States Power Co/MN                                      | CUSIP: 665772CT4<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |    730000 | PA      | $653774.46    | 0.16%             | 2031-04-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                                                       | Duke Energy Carolinas LLC                                        | CUSIP: 26442CAX2<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |   1095000 | PA      | $1085674.05   | 0.26%             | 2028-11-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| LINK FINANCE CAYMAN 2009                                                    | Link Finance Cayman 2009 Ltd/The                                 | CUSIP: 000000000<br>LEI: 254900J10LHB6JOSNR19 | Long             | DBT              |  | KY        |    900000 | PA      | $885597.62    | 0.22%             | 2026-07-21      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| NEDER WATERSCHAPSBANK                                                       | Nederlandse Waterschapsbank NV                                   | CUSIP: 63983TBB0<br>LEI: JLP5FSPH9WPSHY3NIM24 | Long             | DBT              | NUSS              | NL        |   2030000 | PA      | $2004700.17   | 0.49%             | 2026-03-24      | Fixed         | 2.38%                 | No            |                  2 | On Loan: —       |
| TORONTO-DOMINION BANK                                                       | Toronto-Dominion Bank/The                                        | CUSIP: 89115A2V3<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1077000 | PA      | $1088679.44   | 0.27%             | 2026-12-11      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                      | PNC Financial Services Group Inc/The                             | CUSIP: 693475BL8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2275000 | PA      | $2275279.03   | 0.55%             | 2027-01-26      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Gaci First Investment Co.                                                   | Gaci First Investment Co.                                        | CUSIP: 000000000<br>LEI: 558600TU1PWGNLZ3XM88 | Long             | DBT              | CORP              | KY        |   2920000 | PA      | $2982959.20   | 0.73%             | 2032-10-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RWE FINANCE US LLC                                                          | RWE Finance US LLC                                               | CUSIP: 749983AB8<br>LEI: 529900J7MYLKI84UP772 | Long             | DBT              | CORP              | US        |   1705000 | PA      | $1710573.93   | 0.42%             | 2054-04-16      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| SWEDBANK AB                                                                 | Swedbank AB                                                      | CUSIP: 87020PAP2<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |   1540000 | PA      | $1486927.84   | 0.36%             | 2026-11-16      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA                                                    | Cooperatieve Rabobank UA                                         | CUSIP: 74977RDK7<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   1725000 | PA      | $1690582.18   | 0.41%             | 2027-02-24      | Fixed         | 1.11%                 | No            |                  2 | On Loan: —       |
| ERP Operating LP                                                            | ERP Operating LP                                                 | CUSIP: 26884ABK8<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              |  | US        |    706000 | PA      | $702433.86    | 0.17%             | 2028-12-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                                                    | Alexandria Real Estate Equities Inc                              | CUSIP: 015271AP4<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |    729000 | PA      | $724561.65    | 0.18%             | 2026-04-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: —       |
| DTE ELECTRIC CO                                                             | DTE Electric Co                                                  | CUSIP: 23338VAR7<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    789000 | PA      | $577155.94    | 0.14%             | 2052-03-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC                                                     | Consolidated Edison Co of New York Inc                           | CUSIP: 209111GB3<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $884398.72    | 0.22%             | 2061-06-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: —       |
| INTERSTATE POWER & LIGHT                                                    | Interstate Power and Light Co                                    | CUSIP: 461070AP9<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |    880000 | PA      | $870511.30    | 0.21%             | 2028-09-26      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| KYOBO LIFE INSURANCE CO                                                     | Kyobo Life Insurance Co Ltd                                      | CUSIP: 000000000<br>LEI: 988400Y298KYBHWRBS28 | Long             | DBT              | CORP              | KR        |    980000 | PA      | $989673.76    | 0.24%             | 2052-06-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| KFW                                                                         | Kreditanstalt fuer Wiederaufbau                                  | CUSIP: 500769JD7<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |   3412000 | PA      | $3128855.01   | 0.76%             | 2029-09-14      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| INTERSTATE POWER & LIGHT                                                    | Interstate Power and Light Co                                    | CUSIP: 461070AQ7<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |    661000 | PA      | $642216.14    | 0.16%             | 2029-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: —       |
| FEDERAL REALTY OP LP                                                        | Federal Realty OP LP                                             | CUSIP: 313747BB2<br>LEI: 549300LI6XZ51GOCJ427 | Long             | DBT              |  | US        |    777000 | PA      | $762234.45    | 0.19%             | 2026-02-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| SUZANO INTL FINANCE BV                                                      | Suzano International Finance BV                                  | CUSIP: 000000000<br>LEI: 5493000KMIB6J1KMKL84 | Long             | DBT              | CORP              | NL        |   1285000 | PA      | $1299595.38   | 0.32%             | 2027-01-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                                                         | Kimco Realty OP LLC                                              | CUSIP: 49446RAW9<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |    855000 | PA      | $781382.25    | 0.19%             | 2030-10-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                    | European Investment Bank                                         | CUSIP: 298785JA5<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |   1884000 | PA      | $1716297.34   | 0.42%             | 2029-10-09      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| MidAmerican Energy Co                                                       | MidAmerican Energy Co                                            | CUSIP: 595620AU9<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |   1512000 | PA      | $1226478.41   | 0.30%             | 2049-07-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                                                     | Oncor Electric Delivery Co LLC                                   | CUSIP: 68233JCF9<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    666000 | PA      | $640549.03    | 0.16%             | 2032-06-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN PUBLIC SERV                                                    | Southwestern Public Service Co                                   | CUSIP: 845743BU6<br>LEI: OL6FE7QD5EQ3DOYEO258 | Long             | DBT              | CORP              | US        |    977000 | PA      | $628584.78    | 0.15%             | 2050-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS                                                    | First Abu Dhabi Bank PJSC                                        | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | DBT              | CORP              | AE        |   1175000 | PA      | $1192165.27   | 0.29%             | 2027-10-13      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                                                     | International Bank for Reconstruction & Development              | CUSIP: 45905U6L3<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   1505000 | PA      | $1498833.01   | 0.36%             | 2025-11-20      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| ABU DHABI NATIONAL ENERG                                                    | Abu Dhabi National Energy Co PJSC                                | CUSIP: 000000000<br>LEI: 213800UNJSVQFNUYYW03 | Long             | DBT              | CORP              | AE        |   1600000 | PA      | $1536674.18   | 0.37%             | 2037-03-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HONG KONG                                                                   | Hong Kong Government International Bond                          | CUSIP: 43858AAL4<br>LEI: 549300DSMAD69T7GGN13 | Long             | DBT              | NUSS              | HK        |   1250000 | PA      | $1248555.79   | 0.30%             | 2028-06-07      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| MIZUHO FINANCIAL GROUP                                                      | Mizuho Financial Group Inc                                       | CUSIP: 60687YCZ0<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   2525000 | PA      | $2610329.62   | 0.64%             | 2029-07-06      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                        | Royal Bank of Canada                                             | CUSIP: 78016EZT7<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1349000 | PA      | $1308392.75   | 0.32%             | 2026-07-14      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| AOZORA BANK                                                                 | Aozora Bank Ltd                                                  | CUSIP: 000000000<br>LEI: X0XUGKC9FD2CYUQNC010 | Long             | DBT              | CORP              | JP        |    500000 | PA      | $504134.92    | 0.12%             | 2026-09-08      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ABU DHABI COMMERCIAL BNK                                                    | Abu Dhabi Commercial Bank PJSC                                   | CUSIP: 000000000<br>LEI: 213800RWVKKIRX1AUH58 | Long             | DBT              | CORP              | AE        |    900000 | PA      | $899691.57    | 0.22%             | 2027-09-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| XYLEM INC                                                                   | Xylem Inc/NY                                                     | CUSIP: 98419MAL4<br>LEI: 549300DF5MV96DRYLQ48 | Long             | DBT              | CORP              | US        |    930000 | PA      | $820360.05    | 0.20%             | 2031-01-30      | Fixed         | 2.25%                 | No            |                  2 | On Loan: —       |
| Duke Energy Progress LLC                                                    | Duke Energy Progress LLC                                         | CUSIP: 26442UAH7<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   1028000 | PA      | $997412.84    | 0.24%             | 2029-03-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                                              | Fannie Mae-Aces                                                  | CUSIP: 3136AY6X6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     60121 | PA      | $58671.76     | 0.01%             | 2027-09-25      | Variable      | 2.97%                 | No            |                  2 | On Loan: No      |
| NY STATE ELECTRIC & GAS                                                     | New York State Electric & Gas Corp                               | CUSIP: 649840CW3<br>LEI: 549300GEC6J0YHUXA160 | Long             | DBT              | CORP              | US        |    864000 | PA      | $874525.24    | 0.21%             | 2034-08-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN PUBLIC SERV                                                    | Southwestern Public Service Co                                   | CUSIP: 845743BT9<br>LEI: OL6FE7QD5EQ3DOYEO258 | Long             | DBT              | CORP              | US        |    540000 | PA      | $388884.46    | 0.09%             | 2049-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT                                                      | HAT Holdings I LLC / HAT Holdings II LLC                         | CUSIP: 418751AL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1392000 | PA      | $1443637.53   | 0.35%             | 2027-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| HEALTHPEAK OP LLC                                                           | Healthpeak OP LLC                                                | CUSIP: 42250PAC7<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              |  | US        |    887000 | PA      | $846672.02    | 0.21%             | 2027-02-01      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                    | European Investment Bank                                         | CUSIP: 298785JV9<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |   8640000 | PA      | $8390204.47   | 2.04%             | 2033-02-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MARUBENI CORP                                                               | Marubeni Corp                                                    | CUSIP: 000000000<br>LEI: 4P4N3ORD02UGQT1T1W12 | Long             | DBT              | CORP              | JP        |    900000 | PA      | $869533.88    | 0.21%             | 2026-09-17      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| BANK OF CHINA/LUXEMBOURG                                                    | Bank of China Ltd/Luxembourg                                     | CUSIP: 000000000<br>LEI: 54930053HGCFWVHYZX42 | Long             | DBT              | CORP              | CN        |   1200000 | PA      | $1173919.54   | 0.29%             | 2026-04-28      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| NSTAR ELECTRIC CO                                                           | NSTAR Electric Co                                                | CUSIP: 67021CAT4<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |    706000 | PA      | $626945.12    | 0.15%             | 2052-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| COLBUN SA                                                                   | Colbun SA                                                        | CUSIP: 000000000<br>LEI: 5493003VQJLE2QB8IF36 | Long             | DBT              | CORP              | CL        |    940000 | PA      | $837538.13    | 0.20%             | 2032-01-19      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| AIRPORT AUTHORITY HK                                                        | Airport Authority                                                | CUSIP: 00946AAG9<br>LEI: 254900748HGC4RBR4O84 | Long             | DBT              | NUSS              | HK        |   1680000 | PA      | $1698177.63   | 0.41%             | 2028-01-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| REC LTD                                                                     | REC Ltd                                                          | CUSIP: 000000000<br>LEI: 335800B4YRYWAMIJZ374 | Long             | DBT              | CORP              | IN        |    900000 | PA      | $885588.92    | 0.22%             | 2027-07-07      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| STAR ENERGY CO ISSUE                                                        | Star Energy Geothermal Darajat II / Star Energy Geothermal Salak | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1400000 | PA      | $1322962.89   | 0.32%             | 2038-10-14      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COLORADO                                                     | Public Service Co of Colorado                                    | CUSIP: 744448CP4<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |    681000 | PA      | $670687.76    | 0.16%             | 2028-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES PWR-MINN                                                    | Northern States Power Co/MN                                      | CUSIP: 665772CS6<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |    928000 | PA      | $558563.23    | 0.14%             | 2051-06-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: —       |
| AES CORP/THE                                                                | AES Corp/The                                                     | CUSIP: 00130HCG8<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   1853000 | PA      | $1637591.20   | 0.40%             | 2031-01-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: —       |
| HAT HOLDINGS I LLC/HAT                                                      | HAT Holdings I LLC / HAT Holdings II LLC                         | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1702000 | PA      | $1669091.76   | 0.41%             | 2026-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC                                                     | Consolidated Edison Co of New York Inc                           | CUSIP: 209111FY4<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |   1795000 | PA      | $1391504.50   | 0.34%             | 2050-04-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BANK OF CHINA/PARIS                                                         | Bank of China Ltd/Paris                                          | CUSIP: 000000000<br>LEI: 254900DOHD6ZQSF7GZ43 | Long             | DBT              | CORP              | CN        |    600000 | PA      | $600202.15    | 0.15%             | 2025-11-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA                                                    | Export-Import Bank of Korea                                      | CUSIP: 302154DN6<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |   1980000 | PA      | $1708708.52   | 0.42%             | 2032-01-18      | Fixed         | 2.13%                 | No            |                  2 | On Loan: —       |
| BOSTON PROPERTIES LP                                                        | Boston Properties LP                                             | CUSIP: 10112RBG8<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |   1285000 | PA      | $1343280.10   | 0.33%             | 2027-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MAF SUKUK LTD                                                               | MAF Sukuk Ltd                                                    | CUSIP: 000000000<br>LEI: 549300IS9H0W5N2N4K34 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $603629.05    | 0.15%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN POWER & LIGHT                                                     | Wisconsin Power and Light Co                                     | CUSIP: 976826BP1<br>LEI: JWBYHVQVMY66CVCOSO49 | Long             | DBT              | CORP              | US        |    564000 | PA      | $482720.37    | 0.12%             | 2031-09-16      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE OKLAHOMA                                                     | Public Service Co of Oklahoma                                    | CUSIP: 744533BP4<br>LEI: F3TJNSIZRGXRH8GEIK79 | Long             | DBT              | CORP              | US        |    675000 | PA      | $421967.66    | 0.10%             | 2051-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL SERVICES                                                    | Hyundai Capital Services Inc                                     | CUSIP: 000000000<br>LEI: 549300MALMDAGL2ZJJ27 | Long             | DBT              | CORP              | KR        |    450000 | PA      | $435843.34    | 0.11%             | 2027-01-24      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                      | Verizon Communications Inc                                       | CUSIP: 92343VGP3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1752000 | PA      | $1298968.45   | 0.32%             | 2052-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| Electricite de France SA                                                    | Electricite de France SA                                         | CUSIP: 268317AS3<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |   2140000 | PA      | $2133671.19   | 0.52%             | 2025-10-13      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| MidAmerican Energy Co                                                       | MidAmerican Energy Co                                            | CUSIP: 595620AS4<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $860925.47    | 0.21%             | 2048-08-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CD TIANFU INV                                                               | Chengdu Tianfu New Area Investment Group Co Ltd                  | CUSIP: 000000000<br>LEI: 30030079491TOFYTNE79 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $201289.85    | 0.05%             | 2027-04-10      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                                                                | WP Carey Inc                                                     | CUSIP: 92936UAJ8<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |    606000 | PA      | $519645.56    | 0.13%             | 2032-02-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| MITSUI FUDOSAN CO LTD                                                       | Mitsui Fudosan Co Ltd                                            | CUSIP: 60683MAE9<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | DBT              | CORP              | JP        |    575000 | PA      | $495842.68    | 0.12%             | 2032-01-21      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| NEW DEVELOPM BANK BRICS                                                     | New Development Bank/The                                         | CUSIP: 000000000<br>LEI: 254900VPI91W77OOUM06 | Long             | DBT              | NUSS              | XX        |   2400000 | PA      | $2418285.98   | 0.59%             | 2027-11-07      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| ICBCIL FINANCE CO LTD                                                       | ICBCIL Finance Co Ltd                                            | CUSIP: 000000000<br>LEI: 549300ZCUURSNVTOEU07 | Long             | DBT              | CORP              | HK        |   1300000 | PA      | $1263513.38   | 0.31%             | 2026-11-02      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| INTL FINANCE CORP                                                           | International Finance Corp                                       | CUSIP: 45950VHX7<br>LEI: QKL54NQY28TCDAI75F60 | Long             | DBT              | NUSS              | XX        |   2230000 | PA      | $2197406.79   | 0.54%             | 2026-04-07      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| DP World Crescent Ltd.                                                      | DP World Crescent Ltd.                                           | CUSIP: 000000000<br>LEI: 21380096JRTWB8TL9236 | Long             | DBT              | CORP              | KY        |   2600000 | PA      | $2670380.80   | 0.65%             | 2033-09-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NY STATE ELECTRIC & GAS                                                     | New York State Electric & Gas Corp                               | CUSIP: 649840CU7<br>LEI: 549300GEC6J0YHUXA160 | Long             | DBT              | CORP              | US        |    580000 | PA      | $600329.72    | 0.15%             | 2028-08-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: —       |
| CENTRAL NIPPON EXPRESSWY                                                    | Central Nippon Expressway Co Ltd                                 | CUSIP: 000000000<br>LEI: 3538005TH2GJERPBFN83 | Long             | DBT              | CORP              | JP        |    700000 | PA      | $690295.19    | 0.17%             | 2025-12-10      | Fixed         | 0.89%                 | No            |                  2 | On Loan: No      |
| Gaci First Investment Co.                                                   | Gaci First Investment Co.                                        | CUSIP: 000000000<br>LEI: 558600TU1PWGNLZ3XM88 | Long             | DBT              | CORP              | KY        |   3700000 | PA      | $3639374.17   | 0.89%             | 2035-02-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                      | Verizon Communications Inc                                       | CUSIP: 92343VGT5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1814867.17   | 0.44%             | 2033-05-09      | Fixed         | 5.05%                 | No            |                  2 | On Loan: —       |
| AMIPEACE LTD                                                                | Amipeace Ltd                                                     | CUSIP: 000000000<br>LEI: 549300Z8IOSIIKWF5763 | Long             | DBT              | CORP              | VG        |    700000 | PA      | $677525.69    | 0.16%             | 2026-11-09      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                                                    | Alexandria Real Estate Equities Inc                              | CUSIP: 015271BA6<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |   1022000 | PA      | $976955.80    | 0.24%             | 2035-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| AES CORP/THE                                                                | AES Corp/The                                                     | CUSIP: 00130HCH6<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   1530000 | PA      | $1553955.03   | 0.38%             | 2028-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS                                                    | First Abu Dhabi Bank PJSC                                        | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | DBT              | CORP              | AE        |   1200000 | PA      | $1208120.78   | 0.29%             | 2028-06-06      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| ALDAR INVESTMENT PROP                                                       | Aldar Investment Properties Sukuk Ltd                            | CUSIP: 000000000<br>LEI: 549300ZE234V8AG9E962 | Long             | DBT              | CORP              | KY        |   1700000 | PA      | $1754064.49   | 0.43%             | 2034-05-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                                                   | Apple Inc                                                        | CUSIP: 037833CX6<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1930000 | PA      | $1893376.42   | 0.46%             | 2027-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Funds III                                                         | BlackRock Cash Funds: Institutional, SL Agency Shares            | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  26290863 | NS      | $26301379.38  | 6.40%             |  |  |  | No            |                  1 | On Loan: No      |
| AOZORA BANK                                                                 | Aozora Bank Ltd                                                  | CUSIP: 000000000<br>LEI: X0XUGKC9FD2CYUQNC010 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $401704.69    | 0.10%             | 2026-03-02      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                                                | NiSource Inc                                                     | CUSIP: 65473PAM7<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    646000 | PA      | $569620.07    | 0.14%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                                                             | DTE Electric Co                                                  | CUSIP: 23338VAP1<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    745000 | PA      | $507699.17    | 0.12%             | 2051-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES PWR-MINN                                                    | Northern States Power Co/MN                                      | CUSIP: 665772CR8<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |    920000 | PA      | $597504.38    | 0.15%             | 2050-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: —       |
| SUMITOMO MITSUI TR BK LT                                                    | Sumitomo Mitsui Trust Bank Ltd                                   | CUSIP: 86563VAV1<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    795000 | PA      | $779980.88    | 0.19%             | 2026-03-25      | Fixed         | 1.55%                 | No            |                  2 | On Loan: —       |
| DEUTSCHE BANK NY                                                            | Deutsche Bank AG/New York NY                                     | CUSIP: 25160PAF4<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1420000 | PA      | $1394442.51   | 0.34%             | 2026-03-19      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| Kilroy Realty LP                                                            | Kilroy Realty LP                                                 | CUSIP: 49427RAN2<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |    665000 | PA      | $658341.28    | 0.16%             | 2028-12-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| REXFORD INDUSTRIAL REALT                                                    | Rexford Industrial Realty LP                                     | CUSIP: 76169XAB0<br>LEI: 549300028US163ELJN70 | Long             | DBT              |  | US        |    660000 | PA      | $563875.71    | 0.14%             | 2031-09-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Avangrid Inc                                                                | Avangrid Inc                                                     | CUSIP: 05351WAB9<br>LEI: 549300OX0Q38NLSKPB49 | Long             | DBT              | CORP              | US        |   1405000 | PA      | $1369697.98   | 0.33%             | 2029-06-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                 | Prologis LP                                                      | CUSIP: 74340XBR1<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |   1291000 | PA      | $1097790.82   | 0.27%             | 2030-10-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| XYLEM INC                                                                   | Xylem Inc/NY                                                     | CUSIP: 98419MAM2<br>LEI: 549300DF5MV96DRYLQ48 | Long             | DBT              | CORP              | US        |    925000 | PA      | $874777.49    | 0.21%             | 2028-01-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| CDP FINANCIAL INC                                                           | CDP Financial Inc                                                | CUSIP: 125094AV4<br>LEI: 549300OXMGVYFCBFV096 | Long             | DBT              | NUSS              | CA        |   1950000 | PA      | $1898510.13   | 0.46%             | 2026-05-26      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| JPN BANK FOR INT'L COOP                                                     | Japan Bank for International Cooperation                         | CUSIP: 471048CP1<br>LEI: 549300TJ3QFYVCTSCJ29 | Long             | DBT              | NUSS              | JP        |   1335000 | PA      | $1285397.55   | 0.31%             | 2027-01-20      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| AIRPORT AUTHORITY HK                                                        | Airport Authority                                                | CUSIP: 00946AAC8<br>LEI: 254900748HGC4RBR4O84 | Long             | DBT              | NUSS              | HK        |   1720000 | PA      | $1658735.01   | 0.40%             | 2027-01-12      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                                            | ABN AMRO Bank NV                                                 | CUSIP: 00084DAW0<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   1685000 | PA      | $1571962.55   | 0.38%             | 2029-12-13      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| REC LTD                                                                     | REC Ltd                                                          | CUSIP: 74947MAE2<br>LEI: 335800B4YRYWAMIJZ374 | Long             | DBT              | CORP              | IN        |    840000 | PA      | $838661.49    | 0.20%             | 2029-09-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                    | European Investment Bank                                         | CUSIP: 298785JN7<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |   3670000 | PA      | $3214505.55   | 0.78%             | 2031-05-13      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| MIDAMERICAN ENERGY CO                                                       | MidAmerican Energy Co                                            | CUSIP: 595620AW5<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |   1165000 | PA      | $716086.74    | 0.17%             | 2052-08-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| NSTAR ELECTRIC CO                                                           | NSTAR Electric Co                                                | CUSIP: 67021CAQ0<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |    532000 | PA      | $349593.61    | 0.09%             | 2051-06-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| MVM ENERGETIKA ZRT                                                          | MVM Energetika Zrt                                               | CUSIP: 000000000<br>LEI: 529900ELI5AQ9F74PF85 | Long             | DBT              | CORP              | HU        |   1300000 | PA      | $1365355.85   | 0.33%             | 2028-06-09      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NEW DEVELOPM BANK BRICS                                                     | New Development Bank/The                                         | CUSIP: 000000000<br>LEI: 254900VPI91W77OOUM06 | Long             | DBT              | NUSS              | XX        |   1900000 | PA      | $1904004.80   | 0.46%             | 2026-04-26      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES PWR-MINN                                                    | Northern States Power Co/MN                                      | CUSIP: 665772CY3<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |   1213000 | PA      | $1172790.87   | 0.29%             | 2054-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| INDIAN RAILWAY FINANCE                                                      | Indian Railway Finance Corp Ltd                                  | CUSIP: 45434M2H4<br>LEI: 335800F2JHSOGXQEBY56 | Long             | DBT              | CORP              | IN        |    890000 | PA      | $822966.19    | 0.20%             | 2032-01-21      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| NBK SPC LTD                                                                 | NBK SPC Ltd                                                      | CUSIP: 000000000<br>LEI: 549300P1ANDK86KWB419 | Long             | DBT              | CORP              | AE        |    900000 | PA      | $924784.85    | 0.23%             | 2030-06-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL REALTY OP LP                                                        | Federal Realty OP LP                                             | CUSIP: 313747BC0<br>LEI: 549300LI6XZ51GOCJ427 | Long             | DBT              |  | US        |    573000 | PA      | $585089.66    | 0.14%             | 2028-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HONG KONG                                                                   | Hong Kong Government International Bond                          | CUSIP: 43858AAH3<br>LEI: 549300DSMAD69T7GGN13 | Long             | DBT              | NUSS              | HK        |   1500000 | PA      | $1516566.57   | 0.37%             | 2033-01-11      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA                                                    | Cooperatieve Rabobank UA                                         | CUSIP: 74977RDJ0<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   1515000 | PA      | $1506315.20   | 0.37%             | 2026-09-24      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COLORADO                                                     | Public Service Co of Colorado                                    | CUSIP: 744448CS8<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |    873000 | PA      | $577295.81    | 0.14%             | 2050-03-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds                                        | Chile Government International Bonds                             | CUSIP: 168863DL9<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   4075000 | PA      | $2874214.29   | 0.70%             | 2050-01-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                                | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE           | CUSIP: 254845JZ4<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $419784.74    | 0.10%             | 2114-10-01      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Qatar Government International Bonds                                        | Qatar Government International Bonds                             | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |   1800000 | PA      | $1827735.44   | 0.45%             | 2029-05-29      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| LENOVO GROUP LTD                                                            | Lenovo Group Ltd                                                 | CUSIP: 000000000<br>LEI: 254900VUZRGD5U73RE46 | Long             | DBT              | CORP              | HK        |   1005000 | PA      | $1079090.47   | 0.26%             | 2032-07-27      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                                                            | LG Energy Solution Ltd                                           | CUSIP: 000000000<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    925000 | PA      | $948339.29    | 0.23%             | 2028-09-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                                                    | Host Hotels & Resorts LP                                         | CUSIP: 44107TAZ9<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              |  | US        |   1748000 | PA      | $1620776.50   | 0.39%             | 2030-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| WISCONSIN POWER & LIGHT                                                     | Wisconsin Power and Light Co                                     | CUSIP: 976826BR7<br>LEI: JWBYHVQVMY66CVCOSO49 | Long             | DBT              | CORP              | US        |    561000 | PA      | $560566.55    | 0.14%             | 2033-04-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| European Investment Bank                                                    | European Investment Bank                                         | CUSIP: 298785HD1<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |   2810000 | PA      | $2768645.62   | 0.67%             | 2026-04-13      | Fixed         | 2.13%                 | No            |                  2 | On Loan: —       |
| VERIZON COMMUNICATIONS                                                      | Verizon Communications Inc                                       | CUSIP: 92343VES9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1696000 | PA      | $1669386.69   | 0.41%             | 2029-02-08      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ALDAR INVESTMENT PROPERT                                                    | Aldar Investment Properties Sukuk Ltd                            | CUSIP: 000000000<br>LEI: 549300ZE234V8AG9E962 | Long             | DBT              | CORP              | KY        |    700000 | PA      | $694031.39    | 0.17%             | 2033-05-24      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                 | BNP Paribas SA                                                   | CUSIP: 09659W2Q6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1745000 | PA      | $1698083.42   | 0.41%             | 2027-06-30      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| MTR CORP LTD                                                                | MTR Corp Ltd                                                     | CUSIP: 000000000<br>LEI: 254900IH4U9NHH9AQM97 | Long             | DBT              | CORP              | HK        |   2080000 | PA      | $1844545.54   | 0.45%             | 2030-08-19      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                         | JPMorgan Chase & Co                                              | CUSIP: 46647PDW3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3689000 | PA      | $3755865.38   | 0.91%             | 2027-10-22      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| Power Finance Corp Ltd                                                      | Power Finance Corp Ltd                                           | CUSIP: 000000000<br>LEI: 3358003Q6D9LIJJZ1614 | Long             | DBT              | CORP              | IN        |    700000 | PA      | $684513.96    | 0.17%             | 2027-12-06      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                                                    | Host Hotels & Resorts LP                                         | CUSIP: 44107TAY2<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              |  | US        |   1113000 | PA      | $1043845.86   | 0.25%             | 2029-12-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| HONGKONG LAND FINANCE                                                       | Hongkong Land Finance Cayman Islands Co Ltd/The                  | CUSIP: 000000000<br>LEI: 254900OHTMO343QAXN81 | Long             | DBT              | CORP              | KY        |    700000 | PA      | $610489.93    | 0.15%             | 2031-07-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                                                          | Pacific Life Global Funding II                                   | CUSIP: 6944PL2E8<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   1405000 | PA      | $1375100.73   | 0.33%             | 2026-04-14      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COLORADO                                                     | Public Service Co of Colorado                                    | CUSIP: 744448DA6<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |   1331000 | PA      | $1314488.84   | 0.32%             | 2054-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| SAUDI ELEC GLB SUKUK                                                        | Saudi Electricity Global Sukuk Co 5                              | CUSIP: 000000000<br>LEI: 549300WDKWTRF2HVF283 | Long             | DBT              | CORP              | KY        |   1200000 | PA      | $1196249.58   | 0.29%             | 2025-09-17      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| EVERGY KANSAS CENTRAL                                                       | Evergy Kansas Central Inc                                        | CUSIP: 95709TAN0<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |    591000 | PA      | $581603.28    | 0.14%             | 2026-07-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: —       |
| HONG KONG                                                                   | Hong Kong Government International Bond                          | CUSIP: 43858AAG5<br>LEI: 549300DSMAD69T7GGN13 | Long             | DBT              | NUSS              | HK        |   1710000 | PA      | $1728130.39   | 0.42%             | 2028-01-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| DTE Electric Co                                                             | DTE Electric Co                                                  | CUSIP: 23338VAJ5<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |   1166000 | PA      | $913641.50    | 0.22%             | 2049-03-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY FLORIDA LLC                                                     | Duke Energy Florida LLC                                          | CUSIP: 26444HAH4<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |   1215000 | PA      | $1125473.43   | 0.27%             | 2029-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SAUDI ELECTRICITY SUKUK                                                     | Saudi Electricity Sukuk Programme Co                             | CUSIP: 000000000<br>LEI: 549300KZ4IZK3RMUO096 | Long             | DBT              | CORP              | KY        |   2150000 | PA      | $2125736.26   | 0.52%             | 2033-04-11      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| HONG KONG                                                                   | Hong Kong Government International Bond                          | CUSIP: 43858AAM2<br>LEI: 549300DSMAD69T7GGN13 | Long             | DBT              | NUSS              | HK        |   1650000 | PA      | $1600954.64   | 0.39%             | 2033-06-07      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                         | Fifth Third Bancorp                                              | CUSIP: 316773DD9<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    963000 | PA      | $929185.12    | 0.23%             | 2027-11-01      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| HONG KONG                                                                   | Hong Kong Government International Bond                          | CUSIP: 000000000<br>LEI: 549300DSMAD69T7GGN13 | Long             | DBT              | NUSS              | HK        |   1600000 | PA      | $1396723.36   | 0.34%             | 2031-11-24      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                                  | PacifiCorp                                                       | CUSIP: 695114DA3<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   2081000 | PA      | $1900918.81   | 0.46%             | 2054-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                    | Sumitomo Mitsui Financial Group Inc                              | CUSIP: 86562MCN8<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    905000 | PA      | $847255.14    | 0.21%             | 2029-01-14      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                                      | Mizuho Financial Group Inc                                       | CUSIP: 60687YBX6<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    895000 | PA      | $852514.73    | 0.21%             | 2030-05-22      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                                                    | Host Hotels & Resorts LP                                         | CUSIP: 44107TBA3<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              |  | US        |    466000 | PA      | $407146.97    | 0.10%             | 2031-12-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COLORADO                                                     | Public Service Co of Colorado                                    | CUSIP: 744448CQ2<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |    560000 | PA      | $432764.90    | 0.11%             | 2048-06-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES PWR-MINN                                                    | Northern States Power Co/MN                                      | CUSIP: 665772CU1<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |    779000 | PA      | $526655.65    | 0.13%             | 2052-04-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Perusahaan Penerbit SBSN Indonesia III                                      | Perusahaan Penerbit SBSN Indonesia III                           | CUSIP: 71567RAV8<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |   2500000 | PA      | $2495996.08   | 0.61%             | 2032-06-06      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| LIBERTY UTILITIES FIN                                                       | Liberty Utilities Finance GP 1                                   | CUSIP: 531546AB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1008000 | PA      | $880982.90    | 0.21%             | 2030-09-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| EXPORT DEVELOPMNT CANADA                                                    | Export Development Canada                                        | CUSIP: 30216BKF8<br>LEI: Z6MHCSLXHKYG4B6PHW02 | Long             | DBT              | NUSS              | CA        |   1835000 | PA      | $1881660.71   | 0.46%             | 2034-06-05      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SAUDI ELECTRICITY SUKUK                                                     | Saudi Electricity Sukuk Programme Co                             | CUSIP: 000000000<br>LEI: 549300KZ4IZK3RMUO096 | Long             | DBT              | CORP              | KY        |   2200000 | PA      | $2253888.78   | 0.55%             | 2035-02-18      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| BAIDU INC                                                                   | Baidu Inc                                                        | CUSIP: 056752AU2<br>LEI: 254900AL64IANZYI1E02 | Long             | DBT              | CORP              | KY        |   1105000 | PA      | $980528.41    | 0.24%             | 2031-08-23      | Fixed         | 2.38%                 | No            |                  2 | On Loan: —       |
| UNION PACIFIC CORP                                                          | Union Pacific Corp                                               | CUSIP: 907818GC6<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   1171000 | PA      | $1062169.93   | 0.26%             | 2052-09-09      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| GACI FIRST INVESTMENT                                                       | Gaci First Investment Co                                         | CUSIP: 000000000<br>LEI: 558600TU1PWGNLZ3XM88 | Long             | DBT              | CORP              | KY        |    800000 | PA      | $666173.15    | 0.16%             | 2122-10-13      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT                                                      | HAT Holdings I LLC / HAT Holdings II LLC                         | CUSIP: 418751AD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    634000 | PA      | $576107.46    | 0.14%             | 2030-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| WISCONSIN POWER & LIGHT                                                     | Wisconsin Power and Light Co                                     | CUSIP: 976826BQ9<br>LEI: JWBYHVQVMY66CVCOSO49 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $992475.84    | 0.24%             | 2032-09-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| HONG KONG                                                                   | Hong Kong Government International Bond                          | CUSIP: 43858AAJ9<br>LEI: 549300DSMAD69T7GGN13 | Long             | DBT              | NUSS              | HK        |    820000 | PA      | $848937.88    | 0.21%             | 2053-01-11      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LG CHEM LTD                                                                 | LG Chem Ltd                                                      | CUSIP: 000000000<br>LEI: 988400IES4EIG7O06940 | Long             | DBT              | CORP              | KR        |    945000 | PA      | $903795.10    | 0.22%             | 2029-04-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| HONG KONG                                                                   | Hong Kong Government International Bond                          | CUSIP: 43858AAC4<br>LEI: 549300DSMAD69T7GGN13 | Long             | DBT              | NUSS              | HK        |   2335000 | PA      | $2294643.12   | 0.56%             | 2026-02-02      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                                        | Boston Properties LP                                             | CUSIP: 10112RBB9<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |   1800000 | PA      | $1706349.06   | 0.42%             | 2029-06-21      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COLORADO                                                     | Public Service Co of Colorado                                    | CUSIP: 744448CU3<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |    630000 | PA      | $370654.16    | 0.09%             | 2051-01-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                      | Verizon Communications Inc                                       | CUSIP: 92343VFL3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1953000 | PA      | $1679901.37   | 0.41%             | 2030-09-18      | Fixed         | 1.50%                 | No            |                  2 | On Loan: —       |
| SOUTHWESTERN ELEC POWER                                                     | Southwestern Electric Power Co                                   | CUSIP: 845437BT8<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |   1202000 | PA      | $776472.95    | 0.19%             | 2051-11-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SK BATTERY AMERICA INC                                                      | SK Battery America Inc                                           | CUSIP: 000000000<br>LEI: 54930012FBFVNU7RWO57 | Long             | DBT              | CORP              | US        |    600000 | PA      | $601088.48    | 0.15%             | 2027-01-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HONDA MOTOR CO LTD                                                          | Honda Motor Co Ltd                                               | CUSIP: 438127AC6<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | DBT              | CORP              | JP        |   1419000 | PA      | $1269526.39   | 0.31%             | 2032-03-10      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                                           | General Motors Co                                                | CUSIP: 37045VAZ3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   2266000 | PA      | $2310227.24   | 0.56%             | 2032-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: —       |
| INDONESIA GOVT SUKUK                                                        | Perusahaan Penerbit SBSN Indonesia III                           | CUSIP: 71567RAT3<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |   2280000 | PA      | $1628520.76   | 0.40%             | 2051-06-09      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| QNB FINANCE LTD                                                             | QNB Finance Ltd                                                  | CUSIP: 000000000<br>LEI: 549300MY0DXTHQEX5O57 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $995055.27    | 0.24%             | 2025-09-22      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| AVALONBAY COMMUNITIES                                                       | AvalonBay Communities Inc                                        | CUSIP: 053484AC5<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              |  | US        |    878000 | PA      | $813328.99    | 0.20%             | 2028-12-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: —       |
| ABU DHABI FUTURE ENERGY                                                     | Abu Dhabi Future Energy Co Pjsc Masdar                           | CUSIP: 000000000<br>LEI: 213800BBECR1I9FTPZ70 | Long             | DBT              | CORP              | AE        |    900000 | PA      | $910334.05    | 0.22%             | 2029-07-25      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                                          | Ford Motor Co                                                    | CUSIP: 345370DB3<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   3002000 | PA      | $3002689.14   | 0.73%             | 2032-08-19      | Fixed         | 6.10%                 | No            |                  2 | On Loan: —       |
| HONG KONG                                                                   | Hong Kong Government International Bond                          | CUSIP: 43858AAK6<br>LEI: 549300DSMAD69T7GGN13 | Long             | DBT              | NUSS              | HK        |    800000 | PA      | $800848.13    | 0.20%             | 2026-06-07      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AVALONBAY COMMUNITIES                                                       | AvalonBay Communities Inc                                        | CUSIP: 053484AB7<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              |  | US        |   1175000 | PA      | $1009146.00   | 0.25%             | 2032-01-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: —       |
| CHINA CONSTRUCT BANK/HK                                                     | China Construction Bank Corp/Hong Kong                           | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | DBT              | CORP              | CN        |    800000 | PA      | $806125.28    | 0.20%             | 2026-11-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORINCHUKIN BANK                                                            | Norinchukin Bank/The                                             | CUSIP: 656029AH8<br>LEI: 5493007VSMFZCPV1NB83 | Long             | DBT              | CORP              | JP        |    840000 | PA      | $711342.57    | 0.17%             | 2031-09-22      | Fixed         | 2.08%                 | No            |                  2 | On Loan: —       |
| KIA CORP                                                                    | Kia Corp                                                         | CUSIP: 000000000<br>LEI: 988400V8MJK9N7OI5X76 | Long             | DBT              | CORP              | KR        |    750000 | PA      | $724245.89    | 0.18%             | 2026-10-16      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK OP LLC                                                           | Healthpeak OP LLC                                                | CUSIP: 42250PAD5<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              |  | US        |    893000 | PA      | $826745.42    | 0.20%             | 2028-12-01      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                                        | Boston Properties LP                                             | CUSIP: 10112RBH6<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |   1420000 | PA      | $1519637.05   | 0.37%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| BOSTON PROPERTIES LP                                                        | Boston Properties LP                                             | CUSIP: 10112RBF0<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |   1440000 | PA      | $1155431.65   | 0.28%             | 2033-10-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                    | European Investment Bank                                         | CUSIP: 298785JH0<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |   2756000 | PA      | $2343128.38   | 0.57%             | 2030-09-23      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                                          | Ford Motor Co                                                    | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   4522000 | PA      | $3832001.81   | 0.93%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ELECTRIC POWER                                                    | Wisconsin Electric Power Co                                      | CUSIP: 976656CN6<br>LEI: AENKIFMULUAWOUU8Q584 | Long             | DBT              | CORP              | US        |    855000 | PA      | $861211.88    | 0.21%             | 2032-09-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| MANULIFE FINANCIAL CORP                                                     | Manulife Financial Corp                                          | CUSIP: 56501RAN6<br>LEI: 5493007GBX87QOZACS27 | Long             | DBT              | CORP              | CA        |   1285000 | PA      | $1214055.45   | 0.30%             | 2032-03-16      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD                                                    | Alimentation Couche-Tard Inc                                     | CUSIP: 01626PAQ9<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | CA        |    570000 | PA      | $387789.42    | 0.09%             | 2051-05-13      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                                                    | Duke Energy Progress LLC                                         | CUSIP: 26442UAS3<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |    895000 | PA      | $903319.85    | 0.22%             | 2034-03-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CHN CONSTRUCT BK/SYDNEY                                                     | China Construction Bank Corp/Sydney                              | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | DBT              | CORP              | CN        |    800000 | PA      | $800524.10    | 0.19%             | 2026-05-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SAUDI ELEC GLB SUKUK                                                        | Saudi Electricity Global Sukuk Co 5                              | CUSIP: 000000000<br>LEI: 549300WDKWTRF2HVF283 | Long             | DBT              | CORP              | KY        |   1100000 | PA      | $977522.23    | 0.24%             | 2030-09-17      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| AP MOLLER-MAERSK A/S                                                        | AP Moller - Maersk A/S                                           | CUSIP: 00203QAF4<br>LEI: 549300D2K6PKKKXVNN73 | Long             | DBT              | CORP              | DK        |   1305000 | PA      | $1380268.71   | 0.34%             | 2033-09-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| STATE OF ISRAEL                                                             | Israel Government International Bond                             | CUSIP: 46514BRA7<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |   3475000 | PA      | $3320353.92   | 0.81%             | 2033-01-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| DOMINION ENERGY INC                                                         | Dominion Energy Inc                                              | CUSIP: 25746UDL0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   1461000 | PA      | $1269058.95   | 0.31%             | 2031-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                    | Toyota Motor Credit Corp                                         | CUSIP: 89236TGU3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   1351000 | PA      | $1224324.88   | 0.30%             | 2030-02-13      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| HANWHA Q CELLS AMERICA                                                      | Hanwha Q Cells Americas Holdings Corp                            | CUSIP: 000000000<br>LEI: 988400471QDZGCLXRM35 | Long             | DBT              | CORP              | US        |    625000 | PA      | $630906.06    | 0.15%             | 2028-07-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ERP OPERATING LP                                                            | ERP Operating LP                                                 | CUSIP: 26884ABN2<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              |  | US        |    834000 | PA      | $717694.38    | 0.17%             | 2031-08-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: —       |
| UDR INC                                                                     | UDR Inc                                                          | CUSIP: 90265EAS9<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |    560000 | PA      | $473513.61    | 0.12%             | 2034-11-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| University of Michigan                                                      | UNIV OF MICHIGAN MI                                              | CUSIP: 914455UK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $434498.43    | 0.11%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                                                    | Alexandria Real Estate Equities Inc                              | CUSIP: 015271AW9<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |   1550000 | PA      | $1283344.48   | 0.31%             | 2032-05-18      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| INDIAN RAILWAY FINANCE                                                      | Indian Railway Finance Corp Ltd                                  | CUSIP: 000000000<br>LEI: 335800F2JHSOGXQEBY56 | Long             | DBT              | CORP              | IN        |   1000000 | PA      | $980843.36    | 0.24%             | 2027-12-13      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| NORINCHUKIN BANK                                                            | Norinchukin Bank/The                                             | CUSIP: 656029AN5<br>LEI: 5493007VSMFZCPV1NB83 | Long             | DBT              | CORP              | JP        |    900000 | PA      | $908377.00    | 0.22%             | 2029-10-16      | Fixed         | 5.09%                 | No            |                  2 | On Loan: —       |
| MidAmerican Energy Co                                                       | MidAmerican Energy Co                                            | CUSIP: 595620AT2<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1358428.37   | 0.33%             | 2029-04-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| KOREA HYDRO & NUCLEAR PO                                                    | Korea Hydro & Nuclear Power Co Ltd                               | CUSIP: 000000000<br>LEI: 9884008CRY5MLCN8OQ43 | Long             | DBT              | NUSS              | KR        |    800000 | PA      | $811400.16    | 0.20%             | 2028-07-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                                                | AES Corp/The                                                     | CUSIP: 00130HCE3<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   1388000 | PA      | $1365792.51   | 0.33%             | 2026-01-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| MAF SUKUK LTD                                                               | MAF Sukuk Ltd                                                    | CUSIP: 000000000<br>LEI: 549300IS9H0W5N2N4K34 | Long             | DBT              | CORP              | KY        |   1400000 | PA      | $1394776.61   | 0.34%             | 2029-05-14      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                                                      | Brookfield Finance Inc                                           | CUSIP: 11271LAH5<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    905000 | PA      | $816211.02    | 0.20%             | 2031-04-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| TUCSON ELECTRIC POWER CO                                                    | Tucson Electric Power Co                                         | CUSIP: 898813AS9<br>LEI: YLF139GXSRKPBBTNZL03 | Long             | DBT              | CORP              | US        |    496000 | PA      | $426920.71    | 0.10%             | 2030-08-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                                                    | Alexandria Real Estate Equities Inc                              | CUSIP: 015271AY5<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |   1327000 | PA      | $1118704.02   | 0.27%             | 2034-03-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE OKLAHOMA                                                     | Public Service Co of Oklahoma                                    | CUSIP: 744533BM1<br>LEI: F3TJNSIZRGXRH8GEIK79 | Long             | DBT              | CORP              | US        |    678000 | PA      | $587334.00    | 0.14%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| KOMMUNEKREDIT                                                               | Kommunekredit                                                    | CUSIP: 000000000<br>LEI: 529900D8QLTZ6PRLJL76 | Long             | DBT              | NUSS              | DK        |   1800000 | PA      | $1840435.29   | 0.45%             | 2027-11-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| MTR CORP CI LTD                                                             | MTR Corp CI Ltd                                                  | CUSIP: 000000000<br>LEI: 254900SEVE6JAZLGDW04 | Long             | DBT              | CORP              | KY        |   1100000 | PA      | $1076337.21   | 0.26%             | 2026-11-02      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INF CAP                                                      | HA Sustainable Infrastructure Capital Inc                        | CUSIP: 41068XAF7<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |   1645000 | PA      | $1629917.97   | 0.40%             | 2034-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                 | Prologis LP                                                      | CUSIP: 74340XBT7<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |   1218000 | PA      | $1204797.36   | 0.29%             | 2033-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                      | Canadian Imperial Bank of Commerce                               | CUSIP: 13607GRR7<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    810000 | PA      | $803137.08    | 0.20%             | 2025-10-23      | Fixed         | 0.95%                 | No            |                  2 | On Loan: —       |
| CHINA CONSTRUCT BANK/HK                                                     | China Construction Bank Corp/Hong Kong                           | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | DBT              | CORP              | CN        |   1400000 | PA      | $1400000.00   | 0.34%             | 2025-08-04      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| DOOSAN ENERBILITY                                                           | Doosan Enerbility Co Ltd                                         | CUSIP: 000000000<br>LEI: 988400TK5NA3GLSTN506 | Long             | DBT              | CORP              | KR        |    600000 | PA      | $604861.69    | 0.15%             | 2026-07-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| XIAOMI BEST TIME INTL                                                       | Xiaomi Best Time International Ltd                               | CUSIP: 000000000<br>LEI: 254900IGJCVEY8WNJT74 | Long             | DBT              | CORP              | HK        |    660000 | PA      | $510095.59    | 0.12%             | 2051-07-14      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                                                        | Boston Properties LP                                             | CUSIP: 10112RBA1<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |   1765000 | PA      | $1748085.53   | 0.43%             | 2028-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NIAGARA MOHAWK POWER                                                        | Niagara Mohawk Power Corp                                        | CUSIP: 65364UAS5<br>LEI: 3T97Y9RR5EN5Y18QHB56 | Long             | DBT              | CORP              | US        |    900000 | PA      | $870002.25    | 0.21%             | 2052-09-16      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                                  | PacifiCorp                                                       | CUSIP: 695114CY2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   1713000 | PA      | $1012319.05   | 0.25%             | 2052-06-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| ALDAR INVESTMENT PROP                                                       | Aldar Investment Properties Sukuk Ltd                            | CUSIP: 000000000<br>LEI: 549300ZE234V8AG9E962 | Long             | DBT              | CORP              | KY        |    400000 | PA      | $405169.70    | 0.10%             | 2035-03-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                                                 | Equinix Inc                                                      | CUSIP: 29444UBS4<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |   1820000 | PA      | $1612171.05   | 0.39%             | 2031-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ABU DHABI NATIONAL ENERG                                                    | Abu Dhabi National Energy Co PJSC                                | CUSIP: 000000000<br>LEI: 213800UNJSVQFNUYYW03 | Long             | DBT              | CORP              | AE        |   1750000 | PA      | $1734490.94   | 0.42%             | 2033-04-24      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                                                    | Prudential Financial Inc                                         | CUSIP: 74432QCH6<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    896000 | PA      | $879877.87    | 0.21%             | 2026-03-10      | Fixed         | 1.50%                 | No            |                  2 | On Loan: —       |
| ABU DHABI FUTURE ENERGY                                                     | Abu Dhabi Future Energy Co Pjsc Masdar                           | CUSIP: 000000000<br>LEI: 213800BBECR1I9FTPZ70 | Long             | DBT              | CORP              | AE        |   1400000 | PA      | $1391053.76   | 0.34%             | 2033-07-25      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CIF CAPITAL MARKETS MECH                                                    | CIF Capital Markets Mechanism PLC                                | CUSIP: 000000000<br>LEI: 21380087AGD9RSA4SK17 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1014417.79   | 0.25%             | 2028-01-22      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Gaci First Investment Co.                                                   | Gaci First Investment Co.                                        | CUSIP: 000000000<br>LEI: 558600TU1PWGNLZ3XM88 | Long             | DBT              | CORP              | KY        |   2000000 | PA      | $2017471.24   | 0.49%             | 2027-10-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Wastewater Revenue  | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILS COMMISSION WSTWTR      | CUSIP: 79768HJN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $383607.99    | 0.09%             | 2027-10-01      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL SERVICES                                                    | Hyundai Capital Services Inc                                     | CUSIP: 000000000<br>LEI: 549300MALMDAGL2ZJJ27 | Long             | DBT              | CORP              | KR        |    925000 | PA      | $908781.25    | 0.22%             | 2026-02-08      | Fixed         | 1.25%                 | 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        |   5850000 | NS      | $5850000.00   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER OP LLC                                                            | Welltower OP LLC                                                 | CUSIP: 95040QAK0<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |   1005000 | PA      | $980511.03    | 0.24%             | 2027-02-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| European Investment Bank                                                    | European Investment Bank                                         | CUSIP: 298785HM1<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |   2796000 | PA      | $2716217.29   | 0.66%             | 2027-05-24      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| HENAN RAILWAY INV                                                           | Henan Railway Construction & Investment Group Co Ltd             | CUSIP: 000000000<br>LEI: 300300EX8HF061VKMX60 | Long             | DBT              | CORP              | CN        |    800000 | PA      | $799964.22    | 0.19%             | 2028-01-10      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| DTE Electric Co                                                             | DTE Electric Co                                                  | CUSIP: 23338VAH9<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    916000 | PA      | $736438.50    | 0.18%             | 2048-05-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| KFW                                                                         | Kreditanstalt fuer Wiederaufbau                                  | CUSIP: 500769KD5<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |   3570000 | PA      | $3584244.48   | 0.87%             | 2034-02-28      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MAF SUKUK LTD                                                               | MAF Sukuk Ltd                                                    | CUSIP: 000000000<br>LEI: 549300IS9H0W5N2N4K34 | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $970467.68    | 0.24%             | 2030-02-28      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                                                    | Sumitomo Mitsui Trust Bank Ltd                                   | CUSIP: 86563VBA6<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    890000 | PA      | $867025.37    | 0.21%             | 2027-03-10      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| CMB INTERNATIONAL LEASIN                                                    | CMB International Leasing Management Ltd                         | CUSIP: 000000000<br>LEI: 5493003RO1EBM4E5IG13 | Long             | DBT              | CORP              | HK        |    400000 | PA      | $387428.21    | 0.09%             | 2026-09-16      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ARAB ENERGY FUND                                                            | Arab Energy Fund /The                                            | CUSIP: 03845EAC6<br>LEI: 213800A54KIUYH5YD185 | Long             | DBT              | NUSS              | XX        |   1140000 | PA      | $1100290.04   | 0.27%             | 2026-10-06      | Fixed         | 1.48%                 | No            |                  2 | On Loan: No      |
| KFW                                                                         | Kreditanstalt fuer Wiederaufbau                                  | CUSIP: 500769JG0<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |   3372000 | PA      | $2865610.61   | 0.70%             | 2030-09-30      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| ARAB ENERGY FUND                                                            | Arab Energy Fund /The                                            | CUSIP: 03845EAD4<br>LEI: 213800A54KIUYH5YD185 | Long             | DBT              | NUSS              | XX        |   1200000 | PA      | $1236312.83   | 0.30%             | 2029-05-02      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| KIA CORP                                                                    | Kia Corp                                                         | CUSIP: 000000000<br>LEI: 988400V8MJK9N7OI5X76 | Long             | DBT              | CORP              | KR        |    530000 | PA      | $515041.03    | 0.13%             | 2027-02-14      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                      | Verizon Communications Inc                                       | CUSIP: 92343VGL2<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1757000 | PA      | $1241481.28   | 0.30%             | 2041-09-03      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                                           | General Motors Co                                                | CUSIP: 37045VAY6<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   1731000 | PA      | $1770639.29   | 0.43%             | 2029-10-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: —       |
| EUROPEAN INVESTMENT BANK                                                    | European Investment Bank                                         | CUSIP: 298785JJ6<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |    585000 | PA      | $543974.96    | 0.13%             | 2027-10-21      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL BANK OF DUBAI                                                    | Commercial Bank of Dubai PSC                                     | CUSIP: 000000000<br>LEI: 2138002DQL2YD4S8HE87 | Long             | DBT              | CORP              | AE        |    800000 | PA      | $815189.60    | 0.20%             | 2028-06-14      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| NORINCHUKIN BANK                                                            | Norinchukin Bank/The                                             | CUSIP: 656029AG0<br>LEI: 5493007VSMFZCPV1NB83 | Long             | DBT              | CORP              | JP        |    780000 | PA      | $750145.87    | 0.18%             | 2026-09-22      | Fixed         | 1.28%                 | No            |                  2 | On Loan: No      |
| KILROY REALTY LP                                                            | Kilroy Realty LP                                                 | CUSIP: 49427RAQ5<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              |  | US        |    690000 | PA      | $556372.63    | 0.14%             | 2032-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Suzano Austria GmbH                                                         | Suzano Austria GmbH                                              | CUSIP: 000000000<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |    830000 | PA      | $837634.17    | 0.20%             | 2026-07-14      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| EDP FINANCE BV                                                              | EDP Finance BV                                                   | CUSIP: 26835PAH3<br>LEI: 5299007L43AQDFOW5739 | Long             | DBT              | CORP              | NL        |   1425000 | PA      | $1333423.19   | 0.32%             | 2028-01-24      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| SOLAR STAR FUNDING LLC                                                      | Solar Star Funding LLC                                           | CUSIP: 83416WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1131324 | PA      | $1159694.87   | 0.28%             | 2035-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| HONG KONG                                                                   | Hong Kong Government International Bond                          | CUSIP: 43858AAE0<br>LEI: 549300DSMAD69T7GGN13 | Long             | DBT              | NUSS              | HK        |    800000 | PA      | $497718.05    | 0.12%             | 2051-02-02      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP                                                       | Bank of Ireland Group PLC                                        | CUSIP: 06279JAC3<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |   1650000 | PA      | $1652876.53   | 0.40%             | 2026-09-16      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KUNTARAHOITUS OYJ                                                           | Kuntarahoitus Oyj                                                | CUSIP: 62628PAG1<br>LEI: 529900HEKOENJHPNN480 | Long             | DBT              | NUSS              | FI        |   1600000 | PA      | $1574058.18   | 0.38%             | 2029-10-09      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| NIAGARA MOHAWK POWER                                                        | Niagara Mohawk Power Corp                                        | CUSIP: 65364UAN6<br>LEI: 3T97Y9RR5EN5Y18QHB56 | Long             | DBT              | CORP              | US        |    950000 | PA      | $838810.76    | 0.20%             | 2030-06-27      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                                            | Welltower OP LLC                                                 | CUSIP: 95040QAR5<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    922000 | PA      | $875102.19    | 0.21%             | 2032-06-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                                                       | American Homes 4 Rent LP                                         | CUSIP: 02666TAG2<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |   1032000 | PA      | $1048923.63   | 0.26%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL CENTRAL COOLING                                                    | National Central Cooling Co PJSC                                 | CUSIP: 000000000<br>LEI: 254900E7M1Y3DXGQ1283 | Long             | DBT              | CORP              | AE        |   1000000 | PA      | $1017724.36   | 0.25%             | 2030-03-05      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| NORINCHUKIN BANK                                                            | Norinchukin Bank/The                                             | CUSIP: 656029AL9<br>LEI: 5493007VSMFZCPV1NB83 | Long             | DBT              | CORP              | JP        |   1060000 | PA      | $1077586.92   | 0.26%             | 2028-03-09      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| WISCONSIN POWER & LIGHT                                                     | Wisconsin Power and Light Co                                     | CUSIP: 976826BS5<br>LEI: JWBYHVQVMY66CVCOSO49 | Long             | DBT              | CORP              | US        |    552000 | PA      | $565377.15    | 0.14%             | 2034-03-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                                                            | LG Energy Solution Ltd                                           | CUSIP: 000000000<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    825000 | PA      | $832615.07    | 0.20%             | 2026-09-25      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                                        | Boston Properties LP                                             | CUSIP: 10112RBE3<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |   1420000 | PA      | $1202820.98   | 0.29%             | 2032-04-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| INTERSTATE POWER & LIGHT                                                    | Interstate Power and Light Co                                    | CUSIP: 461070AR5<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |    583000 | PA      | $408617.82    | 0.10%             | 2049-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| REC LTD                                                                     | REC Ltd                                                          | CUSIP: 74947MAD4<br>LEI: 335800B4YRYWAMIJZ374 | Long             | DBT              | CORP              | IN        |   1400000 | PA      | $1429407.38   | 0.35%             | 2028-04-11      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| INVERSIONES CMPC SA                                                         | Inversiones CMPC SA                                              | CUSIP: 000000000<br>LEI: 549300G475ACIABB4385 | Long             | DBT              | CORP              | CL        |    780000 | PA      | $774061.85    | 0.19%             | 2027-04-04      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| Asian Development Bank                                                      | Asian Development Bank                                           | CUSIP: 045167DR1<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |   1005000 | PA      | $980408.23    | 0.24%             | 2026-08-14      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CHINA MERCHANTS BANK/LUX                                                    | China Merchants Bank Co Ltd/Luxembourg Branch                    | CUSIP: 000000000<br>LEI: 549300L51ZEIQOS58R74 | Long             | DBT              | CORP              | CN        |    500000 | PA      | $482981.37    | 0.12%             | 2026-09-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| NY STATE ELECTRIC & GAS                                                     | New York State Electric & Gas Corp                               | CUSIP: 649840CV5<br>LEI: 549300GEC6J0YHUXA160 | Long             | DBT              | CORP              | US        |    752000 | PA      | $789176.84    | 0.19%             | 2033-08-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: —       |
| DTE ELECTRIC CO                                                             | DTE Electric Co                                                  | CUSIP: 23338VAN6<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |   1062000 | PA      | $999198.58    | 0.24%             | 2028-04-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                      | NextEra Energy Capital Holdings Inc                              | CUSIP: 65339KBW9<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   2543000 | PA      | $2377395.03   | 0.58%             | 2028-06-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Georgia Power Co                                                            | Georgia Power Co                                                 | CUSIP: 373334KE0<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    597000 | PA      | $591989.11    | 0.14%             | 2026-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| ING Groep NV                                                                | ING Groep NV                                                     | CUSIP: 45685NAA4<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1965000 | PA      | $1964761.92   | 0.48%             | 2026-01-06      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MIDAMERICAN ENERGY CO                                                       | MidAmerican Energy Co                                            | CUSIP: 595620AV7<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |   1318000 | PA      | $887361.31    | 0.22%             | 2050-04-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| MidAmerican Energy Co                                                       | MidAmerican Energy Co                                            | CUSIP: 595620AQ8<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    792000 | PA      | $777040.05    | 0.19%             | 2027-05-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| NSTAR ELECTRIC CO                                                           | NSTAR Electric Co                                                | CUSIP: 67021CAP2<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |    718000 | PA      | $700709.15    | 0.17%             | 2030-04-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| HONG KONG                                                                   | Hong Kong Government International Bond                          | CUSIP: 43858AAP5<br>LEI: 549300DSMAD69T7GGN13 | Long             | DBT              | NUSS              | HK        |   1900000 | PA      | $1909154.22   | 0.46%             | 2027-07-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JPN BANK FOR INT'L COOP                                                     | Japan Bank for International Cooperation                         | CUSIP: 471048CY2<br>LEI: 549300TJ3QFYVCTSCJ29 | Long             | DBT              | NUSS              | JP        |    850000 | PA      | $869915.81    | 0.21%             | 2028-10-18      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| INDONESIA GOVT SUKUK                                                        | Perusahaan Penerbit SBSN Indonesia III                           | CUSIP: 000000000<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    480000 | PA      | $470140.59    | 0.11%             | 2054-07-02      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Gaci First Investment Co.                                                   | Gaci First Investment Co.                                        | CUSIP: 000000000<br>LEI: 558600TU1PWGNLZ3XM88 | Long             | DBT              | CORP              | KY        |   2900000 | PA      | $2912036.31   | 0.71%             | 2030-02-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MIDAMERICAN ENERGY CO                                                       | MidAmerican Energy Co                                            | CUSIP: 595620AZ8<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $965673.94    | 0.24%             | 2055-02-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                                                    | Principal Life Global Funding II                                 | CUSIP: 74256LEP0<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   1045000 | PA      | $1011095.86   | 0.25%             | 2026-08-16      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                                                            | LG Energy Solution Ltd                                           | CUSIP: 000000000<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |   1485000 | PA      | $1508742.25   | 0.37%             | 2029-07-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| MIDAMERICAN ENERGY CO                                                       | MidAmerican Energy Co                                            | CUSIP: 595620AX3<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    595000 | PA      | $612221.28    | 0.15%             | 2034-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Gaci First Investment Co.                                                   | Gaci First Investment Co.                                        | CUSIP: 000000000<br>LEI: 558600TU1PWGNLZ3XM88 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $518385.18    | 0.13%             | 2053-02-14      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds                                        | Chile Government International Bonds                             | CUSIP: 168863DN5<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   2629000 | PA      | $2302828.20   | 0.56%             | 2032-01-27      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES PWR-MINN                                                    | Northern States Power Co/MN                                      | CUSIP: 665772CV9<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1075663.67   | 0.26%             | 2052-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AGRICULTURAL BK CHINA/NY                                                    | Agricultural Bank of China Ltd/New York                          | CUSIP: 000000000<br>LEI: 549300E7TSGLCOVSY746 | Long             | DBT              | CORP              | CN        |    400000 | PA      | $394132.75    | 0.10%             | 2026-01-19      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC                                                     | Consolidated Edison Co of New York Inc                           | CUSIP: 209111FX6<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |   1072000 | PA      | $1027949.29   | 0.25%             | 2030-04-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Asian Development Bank                                                      | Asian Development Bank                                           | CUSIP: 045167EC3<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    867000 | PA      | $840118.94    | 0.20%             | 2027-08-10      | Fixed         | 2.38%                 | No            |                  2 | On Loan: —       |
| AGRICULTURAL BK CHINA/NY                                                    | Agricultural Bank of China Ltd/New York                          | CUSIP: 000000000<br>LEI: 549300E7TSGLCOVSY746 | Long             | DBT              | CORP              | CN        |    600000 | PA      | $579962.32    | 0.14%             | 2027-01-18      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| JPN BANK FOR INT'L COOP                                                     | Japan Bank for International Cooperation                         | CUSIP: 471048CU0<br>LEI: 549300TJ3QFYVCTSCJ29 | Long             | DBT              | NUSS              | JP        |    750000 | PA      | $753740.73    | 0.18%             | 2027-10-05      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENGIE ENERGIA CHILE SA                                                      | Engie Energia Chile SA                                           | CUSIP: 000000000<br>LEI: 5493000FIKCC3ZDWTO77 | Long             | DBT              | CORP              | CL        |    800000 | PA      | $837772.57    | 0.20%             | 2034-04-17      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| EXPORT-IMPORT BANK KOREA                                                    | Export-Import Bank of Korea                                      | CUSIP: 30217G2C3<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |   1455000 | PA      | $1345671.63   | 0.33%             | 2028-10-19      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ABU DHABI FUTURE ENERGY                                                     | Abu Dhabi Future Energy Co Pjsc Masdar                           | CUSIP: 000000000<br>LEI: 213800BBECR1I9FTPZ70 | Long             | DBT              | CORP              | AE        |    850000 | PA      | $859876.50    | 0.21%             | 2030-05-21      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UDR INC                                                                     | UDR Inc                                                          | CUSIP: 90265EAU4<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |    655000 | PA      | $524423.27    | 0.13%             | 2033-03-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                                                            | LG Energy Solution Ltd                                           | CUSIP: 000000000<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |   1300000 | PA      | $1321048.48   | 0.32%             | 2035-04-02      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SWEIHAN PV POWER CO PJSC                                                    | Sweihan PV Power Co PJSC                                         | CUSIP: 000000000<br>LEI: 353800EF1E1IC18GBC48 | Long             | DBT              | CORP              | AE        |   1099320 | PA      | $903947.52    | 0.22%             | 2049-01-31      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                                                                 | Equinix Inc                                                      | CUSIP: 29444UBK1<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |   1353000 | PA      | $1346166.28   | 0.33%             | 2025-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Gaci First Investment Co.                                                   | Gaci First Investment Co.                                        | CUSIP: 000000000<br>LEI: 558600TU1PWGNLZ3XM88 | Long             | DBT              | CORP              | KY        |   2500000 | PA      | $2159938.25   | 0.53%             | 2053-02-14      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| XINGCHENG BVI                                                               | Xingcheng Bvi Ltd                                                | CUSIP: 000000000<br>LEI: 655600FFMBOY3ZM8Q607 | Long             | DBT              | CORP              | VG        |    600000 | PA      | $579107.40    | 0.14%             | 2026-10-08      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| MidAmerican Energy Co                                                       | MidAmerican Energy Co                                            | CUSIP: 595620AR6<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    842000 | PA      | $659502.39    | 0.16%             | 2047-08-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| IND & COMM BK CHINA/HK                                                      | Industrial & Commercial Bank of China Ltd/Hong Kong              | CUSIP: 000000000<br>LEI: 5493002ERZU2K9PZDL40 | Long             | DBT              | CORP              | CN        |   1900000 | PA      | $1920753.23   | 0.47%             | 2026-10-25      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FONDO MIVIVIENDA SA                                                         | Fondo MIVIVIENDA SA                                              | CUSIP: 000000000<br>LEI: 549300X41PNOK11PZ670 | Long             | DBT              | NUSS              | PE        |   1040000 | PA      | $1038952.79   | 0.25%             | 2027-04-12      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SOUTHERN POWER CO                                                           | Southern Power Co                                                | CUSIP: 843646AW0<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    717000 | PA      | $704538.63    | 0.17%             | 2026-01-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                                                    | Sumitomo Mitsui Trust Bank Ltd                                   | CUSIP: 86563VBH1<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   1015000 | PA      | $1040995.83   | 0.25%             | 2028-03-09      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| EQUINIX INC                                                                 | Equinix Inc                                                      | CUSIP: 29444UBU9<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              |  | US        |   2150000 | PA      | $2028509.24   | 0.49%             | 2032-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                                                            | LG Energy Solution Ltd                                           | CUSIP: 000000000<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    770000 | PA      | $762259.52    | 0.19%             | 2034-07-02      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NSTAR Electric Co                                                           | NSTAR Electric Co                                                | CUSIP: 67021CAN7<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |    745000 | PA      | $714872.44    | 0.17%             | 2029-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| EMIRATES NBD BANK PJSC                                                      | Emirates NBD Bank PJSC                                           | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | DBT              | CORP              | AE        |   1300000 | PA      | $1353620.05   | 0.33%             | 2028-10-11      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KILROY REALTY LP                                                            | Kilroy Realty LP                                                 | CUSIP: 49427RAR3<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              |  | US        |    762000 | PA      | $603408.67    | 0.15%             | 2033-11-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| NORINCHUKIN BANK                                                            | Norinchukin Bank/The                                             | CUSIP: 656029AJ4<br>LEI: 5493007VSMFZCPV1NB83 | Long             | DBT              | CORP              | JP        |    775000 | PA      | $776704.77    | 0.19%             | 2027-09-14      | Fixed         | 4.87%                 | No            |                  2 | On Loan: —       |
| HONG KONG                                                                   | Hong Kong Government International Bond                          | CUSIP: 43858AAF7<br>LEI: 549300DSMAD69T7GGN13 | Long             | DBT              | NUSS              | HK        |     30000 | PA      | $30027.83     | 0.01%             | 2026-01-11      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                      | Verizon Communications Inc                                       | CUSIP: 92343VGW8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1706935.48   | 0.42%             | 2054-02-23      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| City of Los Angeles Department of Airports Customer Facility Charge Revenue | LOS ANGELES CA DEPT OF ARPTS CUSTOMER FAC CHARGE REVENUE         | CUSIP: 54445CAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $387413.76    | 0.09%             | 2048-05-15      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| HONG KONG                                                                   | Hong Kong Government International Bond                          | CUSIP: 43858AAD2<br>LEI: 549300DSMAD69T7GGN13 | Long             | DBT              | NUSS              | HK        |   1460000 | PA      | $1268881.05   | 0.31%             | 2031-02-02      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| ABU DHABI COMMERCIAL BNK                                                    | Abu Dhabi Commercial Bank PJSC                                   | CUSIP: 000000000<br>LEI: 213800RWVKKIRX1AUH58 | Long             | DBT              | CORP              | AE        |    900000 | PA      | $928807.25    | 0.23%             | 2029-01-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SWIRE PROPERT MTN FIN                                                       | Swire Properties MTN Financing Ltd                               | CUSIP: 000000000<br>LEI: 549300MYFUCWFUIC4803 | Long             | DBT              | CORP              | HK        |    900000 | PA      | $874727.46    | 0.21%             | 2028-01-10      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HONDA MOTOR CO LTD                                                          | Honda Motor Co Ltd                                               | CUSIP: 438127AB8<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | DBT              | CORP              | JP        |   1923000 | PA      | $1866172.50   | 0.45%             | 2027-03-10      | Fixed         | 2.53%                 | No            |                  2 | On Loan: —       |
| ABU DHABI FUTURE ENERGY                                                     | Abu Dhabi Future Energy Co Pjsc Masdar                           | CUSIP: 000000000<br>LEI: 213800BBECR1I9FTPZ70 | Long             | DBT              | CORP              | AE        |    900000 | PA      | $917037.97    | 0.22%             | 2034-07-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA PUBLIC SERVICE                                                      | Arizona Public Service Co                                        | CUSIP: 040555DC5<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |    709000 | PA      | $417455.61    | 0.10%             | 2050-09-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| PERTAMINA GEOTHERMAL ENE                                                    | Pertamina Geothermal Energy PT                                   | CUSIP: 000000000<br>LEI: 2549009CVV6Y7H26NV14 | Long             | DBT              | CORP              | ID        |    730000 | PA      | $737178.01    | 0.18%             | 2028-04-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTN                                                    | Piedmont Operating Partnership LP                                | CUSIP: 720198AE0<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |    455000 | PA      | $405134.33    | 0.10%             | 2030-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC CO                                                           | Union Electric Co                                                | CUSIP: 906548CS9<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |    985000 | PA      | $583711.39    | 0.14%             | 2051-03-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** iShares Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer