# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001752724-23-039558
**Filing Date:** 2023-2
**Character Count:** 77385
**Document Hash:** cf6d56ed1fbe9e740efddbd6ca920917
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-039558.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-039558

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iSHARES TRUST
- **CENTRAL INDEX KEY:** 0001100663
- **IRS NUMBER:** 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:** 23665679

**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 U.S. Infrastructure ETF (Series ID: S000061314)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000198491 | iShares U.S. Infrastructure ETF | IFRA            |

## Nport-Ex

# Schedule of Investments (unaudited)

December 31, 2022

**iShares® U.S. Infrastructure ETF**  
(Percentages shown are based on Net Assets)

| Security | Shares | Value |
| --- | --- | --- |
| Common Stocks |  |  |
| Aluminum- 1.7% |  |  |
| Schedule of Investments | 473,021 | $10,009,124 |
| Century Aluminum Co. (a) | 1,179,220 | 9,646,020 |
| Kaiser Aluminum Corp. | 124,370 | 9,447,145 |
|  |  | 29,102,289 |

| Security | Shares | Value |
| --- | --- | --- |
| Construction Materials (continued) |  |  |
| Vulcan Materials Co. | 60,397 | $10,576,119 |
| iShares® U.S. Infrastructure ETF |  |  |
| Copper- 0.6% |  |  |
| (Percentages shown are based on Net Assets) |  |  |
| Taseko Mines, Ltd. (b) | 7,701,538 | 11,321,261 |
| Distributors- 0.6% |  |  |

SCHEDULE OF INVESTMENTS

1

2

(unaudited) (continued)

December 31, 2022

| Security | Shares | Value |
| --- | --- | --- |
| Auto Parts & Equipment- 0.5% |  |  |
| XPEL, Inc. (a) | 159,531 | 9,581,432 |
| Independent Power Producers & Energy Traders- 0.7% |  |  |
| Building Products- 6.5% | 537,615 | $12,472,668 |
| Advanced Drainage Systems, Inc. (b) | 117,144 | 9,602,294 |
| Industrial Machinery- 1.7% |  |  |
| Alpore Enterprises, Inc. | 230,967 | 10,268,793 |
| Lucer Industries, Inc. | 758,129 | 10,401,530 |
| Armstrong Wood Industries, Inc. | 148,019 | 10,193,777 |
| Mueller Industries, Inc. | 160,448 | 9,466,422 |
| AZEK Co., Inc. (The), Class Avion | 553,922 | 11,258,666 |
| Omega Flex, Inc. | 112,970 | 10,542,360 |

| Security | Shares | Value |
| --- | --- | --- |
| Pool Corp. | 31,761 | 10,206,963 |
| Steel Construction |  |  |
| Diversified Metal & Mining- 0.6% |  |  |
| Nucor Corp. | 72,422 | $9,545,944 |
| Compass Minerals International, Inc. | 243,244 | 9,973,004 |
| Olympic Steel, Inc. | 317,584 | 10,664,471 |
| Redwood Steel & Aluminum Co. | 52,379 | 10,603,605 |
| Electric Utilities- 18.7% |  |  |
| Hymen Building Corp. | 185,131 | 11,314,487 |
| Alkite, Inc. | 185,131 | 11,314,487 |
| Alkite, Inc. | 185,131 | 11,314,487 |
| Alkite Energy Corp. | 215,527 | 12,983,765 |
| TimkenSteel Corp. (a) | 580,114 | 10,540,671 |

(unaudited) (continued)

December 31, 2022

| Builders FirstSource, Inc. (NIM) | 176,859 | 11,474,612 | American Electric Power Co., Inc. | 135,592 | 12,874,460 |
| --- | --- | --- | --- | --- | --- |
| Affiliates |  | 30,410,322 | United States Steel Corp. | 412,988 | 10,345,349 |
| Carlisle Companies, Inc. | 42,994 | 10,131,536 | Warrington Industries, Inc. | 300,287 | 12,906,335 |
| Manufacturers of the |  |  | Washington Industries, Inc. | 106,191 | 6,752,005 |
| Manufacturers of the |  |  | December 31, 2022 for purposes of Section 2(a)(3) of the Investment (Investing) Act |  |  |
| Manufacturers of the |  |  | Duke Energy Corp. | 129,594 | 13,340,866 |
| Manufacturers of the |  |  | Trading Companies & Distributors-2.5% | 197,297 | 12,552,035 |
| Manufacturers of the |  |  | Energy Holdings, Inc. (NIM) | 103,072 | 11,388,100 |
| Manufacturers of the |  |  | Energy & Trade Co. | 252,490 | 10,874,091 |
| Manufacturers of the |  |  | East Slope Energy Services, Inc. | 250,879 | 12,833,400 |
| Manufacturers of the |  |  | United States Steel Corp. | 311,353 | 13,455,000 |
| Manufacturers of the |  |  | United States Steel Corp. |  |  |

Schedule of Investments

iShares® U.S. Infrastructure ETF

(unaudited) (continued)

December 31, 2022

| Commodity Chemicals | Value at | Shares Held | Debt |
| --- | --- | --- | --- |
| The following table represents the individual long positions and related | First (Energy Corp. & Co.) | 12/31/22 | at 12/31/22 |
| Values of the equity securities underlying the total return stock with | Form, Inc. |  | 320,000 |
| Goldman Sachs Bank USA as of period end, termination date February 27, | Water Utilities, Inc. |  | Shares |
| Goldman Sachs Bank, Inc. | Shares |  | 312,057 |
| Goldman Sachs Bank, Inc. | American States Water Co. (a) |  | 116,797 |
| Goldman Sachs Bank, Inc. | American States Water Co. (b) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (c) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (d) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (e) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (f) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (g) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (h) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (i) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (j) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (k) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (l) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (m) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (n) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (o) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (p) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (q) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (r) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (s) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (t) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (u) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (v) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (w) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (x) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (y) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (z) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (a) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (b) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (c) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (d) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (e) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (f) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (g) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (h) |  | 1,000,000 |
| Goldman Sachs Bank, Inc. | American States Water Co. (i) |  | 1,000,000 |

Reference Entity - Long

SCHEDULE OF INVESTMENTS

3

# Schedule of Investments

iShares® U.S. Infrastructure ETF

(unaudited) (continued)

December 31, 2022

Construction & Engineering-11.5%

|  | $ | 209 | $ | 10,994 | $ | 1,130,502 | $ | 18 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ACCOM | 130,003 | 193,214,186 |  | Total Reference Entity-Long |  | 178,827,874 | 14,929,458 |  |
| Common Stock | 75,507 | 10,833,187 |  | Net Value of Common Stock-HMO Bank PLC |  | 1,000,000,000 | 12,000,000 |  |
| Other Securities and Securities-0.05% | 75,507 | 10,833,187 |  | PNM Resources, Inc. |  | 264,128 | 12,000,000 |  |
| Other Securities and Securities-0.05% | 75,507 | 10,833,187 |  | Other Securities and Securities-Net of fees and collateral investment expenses, and other payments |  |  |  |  |
| Other Securities and Securities-0.05% | 75,507 | 10,833,187 |  | Other Securities and Securities-Net of fees and collateral investment expenses, and other payments |  |  |  |  |
| Other Securities and Securities-0.05% | 75,507 | 10,833,187 |  | Other Securities and Securities-Net of fees and collateral investment expenses, and other payments |  |  |  |  |
| Other Securities and Securities-0.05% | 75,507 | 10,833,187 |  | Other Securities and Securities-Net of fees and collateral investment expenses, and other payments |  |  |  |  |

4

Schedule of Investments

iShares® U.S. Infrastructure ETF

# Fair Value Hierarchy as of Period End

The following table provides the best information available on the basis of the fair value hierarchy as of the period end. The fair value hierarchy is based on the best information available on the basis of the fair value hierarchy as of the period end. The fair value hierarchy is based on the best information available on the basis of the fair value hierarchy as of the period end. The fair value hierarchy is based on the best information available on the basis of the fair value hierarchy as of the period end. The fair value hierarchy is based on the best information available on the basis of the fair value hierarchy as of the period end. The fair value hierarchy is based on the best information available on

SCHEDULE OF INVESTMENTS

5

| or funds. There may not be a secondary market, and/or there are a limited number of investors. The total number of a value determined for financial instruments is based on the Company's share of the equity securities underlying the total return swap with HSBC. | Total Investments - 102.3% | Total Investments - 102.3% |  |
| --- | --- | --- | --- |
| Investments and issuances of the financial instruments for the past period and in the last year, in the last year, in the last year, in the last year, in the last year, in the last year, in the last year, in the last year, in the last year, in the last year, in the last year, in the last year, in the last year, in the last year, in the last year, in the last year, in the last year, in the last year, in the last year, in the last year, in the last year, in the last year | Total Investments - 102.3% | Total Investments - 102.3% |  |
| Bank PLC as of period end, termination date February 29, 2023. | Total Investments - 102.3% | Total Investments - 102.3% |  |
| The Future policy regarding valuation of financial instruments, refer to its most recent financial statements. | Total Investments - 102.3% | Total Investments - 102.3% |  |
| Norfolk Southern Corp. | 50,762 | 12,528,792 | Net Value of Reference Entity - JPMorgan Chase Bank |
| OTC Total Return Swaps | 50,808 | 12,528,792 | Liabilities in Excess of Other Assets - 12.8% |
| Other Operating Funds - 50,808 | 50,808 | 12,528,792 | Liabilities in Excess of Other Assets - 12.8% |
| Compensation Machinery & Heavy Industries - 50,808 | 50,808 | 12,528,792 | Net Assets - 100.0% |
| Astec Industries, Inc. | 255,019 | 10,369,073 | New Jersey Resources Corp. |
| Research & Development - 1.2% | 296,213 | 9,932,022 | Accrued |
| Jacobs Solutions, Inc. | 289,654 | 10,319,429 | Non-paid financial instruments - 10.0% |
| Common Stock - Payment | 289,654 | 10,319,429 | Dividends - 10.0% |
| Common Stock - Payment | 289,654 | 10,319,429 | Dividends - 10.0% |
| Common Stock - Payment | 289,654 | 10,319,429 | Dividends - 10.0% |

| NCS Global, Inc. (NBI) | 274,695 | 10,188,916 |
| --- | --- | --- |
| American Tobacco, Inc. | 2,000,000 | 10,458,415 |
| Manufacturers |  |  |
| Gas Utilities |  | 49,528,639 |
| County Gas Station, Inc. | Monthly | Goldman Sachs Bank US$0.00 |
| Chestnut Hill Gas Station, Inc. | 69,913 | $9,292,318 |
| Executive Commission 2, Inc. | Monthly | HSBC Bank PLC |
| Executive Commission 2, Inc. | Monthly | JPMorgan Chase Bank (NBI) |
| American Tobacco, Inc. (NBI) | 240,811 | 10,518,489 |
| Eastman Chemical Co. (NBI) | 127,595 | 10,281,337 |
| Eastman Chemical Co. (NBI) | 360,327 | 10,256,861 |
| Ecovyst, Inc. (NBI) | 1,193,081 | 10,570,698 |
| Imperial Corp. (NBI) | 143,962 | 10,140,683 |

| North Jersey Industries, Inc. | 328,109 | 13,434,213 |
| --- | --- | --- |
| Southwest First National Corp. (NBI) | 164,200 | 10,160,696 |
| Southwest First National Corp. (NBI) | 2,000,000 | 10,000,000 |
| Northwest First National Corp. (NBI) | 2,000,000 | 10,000,000 |
| Northwest First National Corp. (NBI) | 2,000,000 | 10,000,000 |
| Northwest First National Corp. (NBI) | 2,000,000 | 10,000,000 |
| Northwest First National Corp. (NBI) | 2,000,000 | 10,000,000 |

Denisov's Financial Instruments (NBI) is a 1,000,000,000$^{1}$ share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share

| Assets |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Stocks and other |  |  |  |  |  |  |  |
| (a) Amount includes $(11,232) of net dividends and financing fees |  | $11,138 | $32,145 | $ - | $43,283 |  |  |
| (b) Amount includes $(4,839) of net dividends and financing fees |  |  |  |  |  |  |  |
| (c) Capital Reserve |  |  |  |  |  |  |  |
| (d) Amount includes $(1,770) of net dividends and financing fees |  | (65,605) | (936,486) | - | (1,002,091) |  |  |
| Commercial Metals Co. |  | $(54,467) | $(904,341) | $ - | $(958,808) |  |  |
| Haynes International, Inc. |  |  |  |  |  |  |  |
|  |  | 225,191 | 10,876,725 |  |  |  |  |
|  |  | 221,256 | 10,109,187 |  |  |  |  |

The following are the specified benchmarks (plus or minus a range) used in determining the variable rate of interest:

(a) Derivative financial instruments are swaps and futures contracts. Swaps and futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

Range:
Benchmarks:
**Portfolio Abbreviation**

65 basis points
USD - 1D Overnight Fed Funds Effective Rate
(FEDL01)

65 basis points
USD - 1D Overnight Bank Funding Rate
(OBFR01)

65 basis points
USD - 1D Overnight Bank Funding Rate
(OBFR01)

NVS Non-Voting Shares

## 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 U.S. Infrastructure ETF

- **b. EDGAR series identifier (if any):** S000061314

- **c. LEI of Series:** 549300RYOD5SX3832571

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $1832350713.31

**Total Liabilities:** $68434571.62

**Net Assets:** $1763916141.69

**Cash Not Reported:** $453065.20

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000198491 | 10.83%               | 6.85%                | -4.24%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1665939.85              | $156609874.03                              |
| Month 2  | $565164.85               | $110438967.03                              |
| Month 3  | $-18414045.67            | $-61397611.30                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BlackRock Funds III: BlackRock Cash Funds: Treasury; SL Agency Shares      | BLACKROCK CASH FUNDS TREASURY                     | CUSIP: 066922477<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  18729936 | NS      | $18729936.39  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA SERVICES, INC.                                                      | QUANTA SERVICES INC                               | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     73030 | NS      | $10406775.00  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY, INC.                                                       | NEXTERA ENERGY INC                                | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    151534 | NS      | $12668242.40  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| VULCAN MATERIALS COMPANY                                                   | VULCAN MATERIALS CO                               | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     60459 | NS      | $10586975.49  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTESIAN RESOURCES CORPORATION                                             | ARTESIAN RESOURCES CORP                           | CUSIP: 043113208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    237783 | NS      | $13929328.14  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTEC, INC.                                                               | MASTEC INC                                        | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |    127911 | NS      | $10914645.63  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTERO MIDSTREAM CORPORATION                                               | ANTERO MIDSTREAM CORP                             | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1135500 | NS      | $12252045.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORPORATION                                                    | DUKE ENERGY CORP                                  | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    129727 | NS      | $13360583.73  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| TETRA TECH, INC.                                                           | TETRA TECH INC                                    | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |     72137 | NS      | $10473571.03  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| TEREX CORPORATION                                                          | TEREX CORP                                        | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |    242806 | NS      | $10372672.32  | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| OWENS CORNING                                                              | OWENS CORNING INC                                 | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |    122563 | NS      | $10454623.90  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEVELAND-CLIFFS INC.                                                      | CLEVELAND CLIFFS INC                              | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |    680798 | NS      | $10967655.78  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORPORATION                                                     | CMS ENERGY CORP                                   | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |    213326 | NS      | $13509935.58  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| PORTLAND GENERAL ELECTRIC COMPANY                                          | PORTLAND GENERAL ELECTRIC CO                      | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |    264669 | NS      | $12968781.00  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries N.V.                                             | LYONDELLBASELL INDUSTRIES NV CL A                 | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |    131667 | NS      | $10932311.01  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corporation                                                            | CSX CORP                                          | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    402826 | NS      | $12479549.48  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| POOL CORPORATION                                                           | POOL CORP                                         | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |     33796 | NS      | $10217544.68  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| LUXFER HOLDINGS PLC                                                        | LUXFER HOLDINGS PLC                               | CUSIP: G5698W116<br>LEI: 21380045UF5SJYZOXE41 | Long             | EC               | CORP              | GB        |    758910 | NS      | $10412245.20  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NUCOR CORPORATION                                                          | NUCOR CORP                                        | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     72497 | NS      | $9555829.57   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR GROUP, INC.                                                          | EMCOR GROUP INC                                   | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     72642 | NS      | $10759006.62  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORPORATION.                                          | CONSTELLATION ENERGY CORP                         | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |    140271 | NS      | $12092762.91  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE STEEL & ALUMINUM CO.                                              | RELIANCE STEEL ALUMINUM CO                        | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     52433 | NS      | $10614536.52  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE ENERGY, INC.                                                           | MGE ENERGY INC                                    | CUSIP: 55277P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    182407 | NS      | $12841452.80  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU RESOURCES GROUP, INC.                                                  | MDU RESOURCES GROUP INC                           | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    354320 | NS      | $10750068.80  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORPORATION                                                        | ENTERGY CORP                                      | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |    111387 | NS      | $12531037.50  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| TREDEGAR CORPORATION                                                       | TREDEGAR CORP                                     | CUSIP: 894650100<br>LEI: 54930003228ERHCH6K87 | Long             | EC               | CORP              | US        |   1063091 | NS      | $10864790.02  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSOLIDATED EDISON, INC.                                                  | CONSOLIDATED EDISON INC                           | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |    132619 | NS      | $12639916.89  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL CORPORATION                                                            | PPL CORP                                          | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    442447 | NS      | $12928301.34  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc.                                                                   | ATI INC                                           | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |    359216 | NS      | $10726189.76  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| INSTEEL INDUSTRIES, INC.                                                   | INSTEEL INDUSTRIES INC                            | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |    375376 | NS      | $10330347.52  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| APOGEE ENTERPRISES, INC.                                                   | APOGEE ENTERPRISES INC                            | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |    231205 | NS      | $10279374.30  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA WATER SERVICE GROUP                                             | CALIFORNIA WATER SERVICE GROUP                    | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |    200790 | NS      | $12175905.60  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| OLYMPIC STEEL, INC.                                                        | OLYMPIC STEEL INC                                 | CUSIP: 68162K106<br>LEI: 549300GQ061U6N6KWJ49 | Long             | EC               | CORP              | US        |    317911 | NS      | $10675451.38  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMSTRONG WORLD INDUSTRIES, INC.                                           | ARMSTRONG WORLD INDUSTRIES INC                    | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |    148772 | NS      | $10204271.48  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| GREAT LAKES DREDGE & DOCK CORPORATION                                      | GREAT LAKES DREDGE DOCK CORP                      | CUSIP: 390607109<br>LEI: 549300H65E3MZ1CX0P05 | Long             | EC               | CORP              | US        |   1546160 | NS      | $9199652.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| ARGAN, INC.                                                                | ARGAN INC                                         | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |    293712 | NS      | $10832098.56  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| INGEVITY CORPORATION                                                       | INGEVITY CORP                                     | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |    144110 | NS      | $10151108.40  | 0.58%             |  |  |  | No            |                  1 | On Loan: —       |
| NV5 GLOBAL, INC.                                                           | NV5 GLOBAL INC                                    | CUSIP: 62945V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     76484 | NS      | $10120362.88  | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| PRIMORIS SERVICES CORPORATION                                              | PRIMORIS SERVICES CORP                            | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |    518014 | NS      | $11365227.16  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE GAS, INC.                                                              | ONE GAS INC                                       | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |    177245 | NS      | $13420991.40  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE, INC.                                                 | BUILDERS FIRSTSOURCE INC                          | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |    177041 | NS      | $11486420.08  | 0.65%             |  |  |  | No            |                  1 | On Loan: —       |
| TIMKENSTEEL CORPORATION                                                    | TIMKENSTEEL CORP                                  | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |    580711 | NS      | $10551518.87  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure, Inc.                                              | STERLING INFRASTRUCTURE INC                       | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |    341542 | NS      | $11202577.60  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| EASTMAN CHEMICAL COMPANY                                                   | EASTMAN CHEMICAL CO                               | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |    127726 | NS      | $10402005.44  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| BOISE CASCADE COMPANY                                                      | BOISE CASCADE CO                                  | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |    152756 | NS      | $10489754.52  | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| KINETIK HOLDINGS INC.                                                      | KINETIK HOLDINGS INC                              | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    385275 | NS      | $12744897.00  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| FLUOR CORPORATION.                                                         | FLUOR CORP                                        | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |    313483 | NS      | $10865320.78  | 0.62%             |  |  |  | No            |                  1 | On Loan: —       |
| COMPASS MINERALS INTERNATIONAL, INC.                                       | COMPASS MINERALS INTERNATIONAL INC                | CUSIP: 20451N101<br>LEI: 2549008X9G8XP7YJGC47 | Long             | EC               | CORP              | US        |    243495 | NS      | $9983295.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY                                                         | DTE ENERGY CO                                     | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |    112206 | NS      | $13187571.18  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| CARLISLE COMPANIES INCORPORATED                                            | CARLISLE COMPANIES INCORPORATED                   | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |     43038 | NS      | $10141904.70  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| LOUISIANA-PACIFIC CORPORATION                                              | LOUISIANA PACIFIC CORP                            | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |    174723 | NS      | $10343601.60  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PINNACLE WEST CAPITAL CORPORATION                                          | PINNACLE WEST CAPITAL                             | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |    165267 | NS      | $12566902.68  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL                                                       | EDISON INTERNATIONAL                              | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |    197500 | NS      | $12564950.00  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                                                      | DOMINION ENERGY INC                               | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    213507 | NS      | $13092249.24  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| STEEL DYNAMICS, INC.                                                       | STEEL DYNAMICS INC                                | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |    102042 | NS      | $9969503.40   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHWEST NATURAL HOLDING COMPANY                                          | NORTHWEST NATURAL HOLDING CO                      | CUSIP: 66765N105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    276580 | NS      | $13162442.20  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins, Inc.                                                              | HAWKINS INC                                       | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |    267369 | NS      | $10320443.40  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| KINDER MORGAN, INC.                                                        | KINDER MORGAN INC                                 | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    679507 | NS      | $12285486.56  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTERPOINT ENERGY, INC.                                                   | CENTERPOINT ENERGY INC                            | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |    420953 | NS      | $12624380.47  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| TUTOR PERINI CORPORATION                                                   | TUTOR PERINI CORP                                 | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |   1515995 | NS      | $11445762.25  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Xpel Inc                                                                   | XPEL INC                                          | CUSIP: 98379L100<br>LEI: 549300KWSE3IGXLJNW66 | Long             | EC               | CORP              | US        |    159695 | NS      | $9591281.70   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| AVISTA CORPORATION                                                         | AVISTA CORP                                       | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |    288950 | NS      | $12812043.00  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW JERSEY RESOURCES CORPORATION                                           | NEW JERSEY RESOURCES CORP                         | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |    264723 | NS      | $13135555.26  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| GIBRALTAR INDUSTRIES, INC.                                                 | GIBRALTAR INDUSTRIES INC                          | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    219236 | NS      | $10058547.68  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| XAE ENERGY MAR23                                                           | XAE ENERGY MAR23                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         4 | NC      | $11138.04     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WORTHINGTON INDUSTRIES, INC.                                               | WORTHINGTON INDUSTRIES                            | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |    196393 | NS      | $9762696.03   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR GROUP INC.                                                             | MYR GROUP INC                                     | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |    117572 | NS      | $10824854.04  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| XAU UTILITIES MAR23                                                        | XAU UTILITIES MAR23                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        16 | NC      | $-18382.61    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Equitrans Midstream Corporation                                            | EQUITRANS MIDSTREAM CORPORATION                   | CUSIP: 294600101<br>LEI: 549300RH0NLJNZ5SXU64 | Long             | EC               | CORP              | US        |   1585244 | NS      | $10621134.80  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTURY ALUMINUM COMPANY                                                   | CENTURY ALUMINUM CO                               | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               | CORP              | US        |   1180434 | NS      | $9655950.12   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA ENERGY                                                              | SEMPRA ENERGY                                     | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     77808 | NS      | $12024448.32  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                                                      | AECOM                                             | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |    130137 | NS      | $11052535.41  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEMS, INC.                                            | ADVANCED DRAINAGE SYSTEMS INC                     | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |    117265 | NS      | $9612212.05   | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| ALLETE, INC.                                                               | ALLETE INC                                        | CUSIP: 018522300<br>LEI: 549300NNLSIMY6Z8OT86 | Long             | EC               | CORP              | US        |    195915 | NS      | $12638476.65  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| GRANITE CONSTRUCTION INCORPORATED                                          | GRANITE CONSTRUCTION INC                          | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |    306099 | NS      | $10734891.93  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| TREX COMPANY, INC.                                                         | TREX COMPANY INC                                  | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    247592 | NS      | $10480569.36  | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| AMERICAN ELECTRIC POWER COMPANY, INC.                                      | AMERICAN ELECTRIC POWER CO INC                    | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |    135732 | NS      | $12887753.40  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Funds III: BlackRock Cash Funds: Institutional; SL Agency Shares | BLACKROCK CASH FUNDS INSTITUTIONAL FUND SL AGENCY | CUSIP: 066922519<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  50188456 | NS      | $50203512.32  | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Taseko Mines Limited                                                       | TASEKO MINES LTD                                  | CUSIP: 876511106<br>LEI: 549300XKUO1JSLU7KX54 | Long             | EC               | CORP              | CA        |   7709470 | NS      | $11332920.90  | 0.64%             |  |  |  | No            |                  1 | On Loan: —       |
| CONSTRUCTION PARTNERS, INC.                                                | CONSTRUCTION PARTNERS INC                         | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |    377916 | NS      | $10086578.04  | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED                               | PUBLIC SERVICE ENTERPRISE GROUP INC               | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |    211928 | NS      | $12984828.56  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTLAKE CORPORATION                                                       | WESTLAKE CORP                                     | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |    102843 | NS      | $10545521.22  | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| TRINITY INDUSTRIES, INC.                                                   | TRINITY INDUSTRIES INC                            | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |    353980 | NS      | $10467188.60  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc.                                                                 | SPIRE INC                                         | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |    187817 | NS      | $12933078.62  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| THE YORK WATER COMPANY                                                     | YORK WATER CO THE                                 | CUSIP: 987184108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    282014 | NS      | $12684989.72  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Stantec Inc.                                                               | STANTEC INC                                       | CUSIP: 85472N109<br>LEI: 549300MZ7NGUZDCP2T16 | Long             | EC               | CORP              | CA        |    222463 | NS      | $10664876.22  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| RYERSON HOLDING CORPORATION                                                | RYERSON HOLDING CORP                              | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |    367599 | NS      | $11123545.74  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT MATERIALS, INC.                                                     | SUMMIT MATERIALS INC                              | CUSIP: 86614U100<br>LEI: 549300XNOLX5GIOSO108 | Long             | EC               | CORP              | US        |    368701 | NS      | $10467421.39  | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| UNION PACIFIC CORPORATION                                                  | UNION PACIFIC CORP                                | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     60126 | NS      | $12450290.82  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CARPENTER TECHNOLOGY CORPORATION                                           | CARPENTER TECHNOLOGY CORP                         | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |    260879 | NS      | $9636870.26   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| HAYNES INTERNATIONAL, INC.                                                 | HAYNES INTERNATIONAL INC                          | CUSIP: 420877201<br>LEI: 549300I9MS5UZLRFDO40 | Long             | EC               | CORP              | US        |    221484 | NS      | $10119603.96  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ALGONQUIN POWER & UTILITIES CORP.                                          | ALGONQUIN POWER UTILITIES CORP                    | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               | CORP              | CA        |   1710018 | NS      | $11149317.36  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| MIDDLESEX WATER COMPANY                                                    | MIDDLESEX WATER CO                                | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45999 | NS      | $3618741.33   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortis Inc.                                                                | FORTIS INC CANADA                                 | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |    321322 | NS      | $12865732.88  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| NORFOLK SOUTHERN CORPORATION                                               | NORFOLK SOUTHERN CORP                             | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |     50814 | NS      | $12521585.88  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERCIAL METALS COMPANY                                                  | COMMERCIAL METALS CO                              | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |    225423 | NS      | $10887930.90  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC BANK PLC                                                              | BLK_CFD_EQ: IFRA-HSC                              | CUSIP: N/A<br>LEI: MP6I5ZYZBEU3UXPYFY54       | N/A              | DE               |  | US        |     80726 | OU      | $9112874.06   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN STATES WATER COMPANY                                              | AMERICAN STATES WATER CO                          | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |    131498 | NS      | $12170139.90  | 0.69%             |  |  |  | No            |                  1 | On Loan: —       |
| Essential Utilities, Inc.                                                  | ESSENTIAL UTILITIES INC                           | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |    267191 | NS      | $12753026.43  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA, INC.                                                  | COMFORT SYSTEMS USA INC                           | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |     88719 | NS      | $10209782.52  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ENLINK MIDSTREAM, LLC                                                      | ENLINK MIDSTREAM LLC                              | CUSIP: 29336T100<br>LEI: 54930000GY1H533OBE23 | Long             |  | CORP              | US        |   1012884 | NS      | $12458473.20  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. SILICA HOLDINGS, INC.                                                 | US SILICA HOLDINGS INC                            | CUSIP: 90346E103<br>LEI: 529900HOXGPM9F75C193 | Long             | EC               | CORP              | US        |    841136 | NS      | $10514200.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| THE GREENBRIER COMPANIES, INC.                                             | GREENBRIER COS INC THE                            | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |    296518 | NS      | $9942248.54   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| H&E EQUIPMENT SERVICES, INC.                                               | H E EQUIPMENT SERVICES INC                        | CUSIP: 404030108<br>LEI: 254900KVLRCDMQRYY541 | Long             | EC               | CORP              | US        |    260697 | NS      | $11835643.80  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNPOWER CORPORATION                                                       | SUNPOWER CORP                                     | CUSIP: 867652406<br>LEI: 549300TXO070764WUH65 | Long             | EC               | CORP              | US        |    456463 | NS      | $8230027.89   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTEC INDUSTRIES, INC.                                                     | ASTEC INDUSTRIES INC                              | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |    255282 | NS      | $10379766.12  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| VALMONT INDUSTRIES, INC.                                                   | VALMONT INDUSTRIES INC                            | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |     32209 | NS      | $10650550.03  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACK HILLS CORPORATION                                                    | BLACK HILLS CORP                                  | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |    181712 | NS      | $12781622.08  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ATMOS ENERGY CORPORATION                                                   | ATMOS ENERGY CORP                                 | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |    110783 | NS      | $12415450.81  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E CORPORATION                                                           | PG E CORP                                         | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    824434 | NS      | $13405296.84  | 0.76%             |  |  |  | No            |                  1 | On Loan: —       |
| MARTIN MARIETTA MATERIALS, INC.                                            | MARTIN MARIETTA MATERIALS INC                     | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |     30562 | NS      | $10329039.14  | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| ARCONIC CORPORATION                                                        | ARCONIC CORP                                      | CUSIP: 03966V107<br>LEI: 549300B4YFWH3U74B152 | Long             | EC               | CORP              | US        |    473021 | NS      | $10009124.36  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| West Fraser Timber Co. Ltd.                                                | WEST FRASER TIMBER CO LTD                         | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |    143430 | NS      | $10368554.70  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| KAISER ALUMINUM CORPORATION                                                | KAISER ALUMINUM CORP                              | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    124498 | NS      | $9456868.08   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANSIX INC.                                                              | ADVANSIX INC                                      | CUSIP: 00773T101<br>LEI: 5493009TPRODMCAZLF67 | Long             | EC               | CORP              | US        |    272654 | NS      | $10366305.08  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY, INC.                                                           | NRG ENERGY INC                                    | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |    312985 | NS      | $9959182.70   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP.                                                          | FIRSTENERGY CORP                                  | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |    310950 | NS      | $13041243.00  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHWEST GAS HOLDINGS, INC.                                               | SOUTHWEST GAS HOLDINGS INC                        | CUSIP: 844895102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    164369 | NS      | $10171153.72  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT ENERGY CORPORATION                                                 | ALLIANT ENERGY CORP                               | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |    235594 | NS      | $13007144.74  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC ENERGY GROUP, INC.                                                     | WEC ENERGY GROUP                                  | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |    134401 | NS      | $12601437.76  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP, INC.                                                              | IDACORP INC                                       | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |    118859 | NS      | $12818943.15  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| PNM RESOURCES, INC.                                                        | PNM RESOURCES INC                                 | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |    264400 | NS      | $12900076.00  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN                                                                  | BLK_CFD_EQ: IFRA-JMC                              | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DE               |  | US        |     19985 | OU      | $886134.90    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| AVIENT CORPORATION                                                         | AVIENT CORP                                       | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |    313658 | NS      | $10589094.08  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| THE WILLIAMS COMPANIES, INC.                                               | WILLIAMS COS INC                                  | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    369298 | NS      | $12149904.20  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                                                          | EVERSOURCE ENERGY                                 | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |    154232 | NS      | $12930810.88  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS, INC.                                                       | UNITED RENTALS INC                                | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |     31333 | NS      | $11136374.86  | 0.63%             |  |  |  | No            |                  1 | On Loan: —       |
| Enbridge Inc.                                                              | ENBRIDGE INC                                      | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    317917 | NS      | $12430554.70  | 0.70%             |  |  |  | No            |                  1 | On Loan: —       |
| Xcel Energy Inc.                                                           | XCEL ENERGY INC                                   | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    186731 | NS      | $13091710.41  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP.                                                               | VISTRA CORP                                       | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |    538169 | NS      | $12485520.80  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                                                    | BLK_CFD_EQ: IFRA-GSC                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | N/A              | DE               |  | US        |     86228 | OU      | $6809490.86   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTH JERSEY INDUSTRIES, INC.                                              | SOUTH JERSEY INDUSTRIES INC                       | CUSIP: 838518108<br>LEI: 549300DJYWYT5VXLFA46 | Long             | EC               | CORP              | US        |    378498 | NS      | $13448033.94  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE ENERGY CORP.                                                           | OGE ENERGY CORP                                   | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |    325697 | NS      | $12881316.35  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| SJW GROUP                                                                  | SJW GROUP                                         | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    173556 | NS      | $14091011.64  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| AMEREN CORPORATION                                                         | AMEREN CORP                                       | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |    146646 | NS      | $13039762.32  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC.                                                              | NISOURCE INC                                      | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |    468287 | NS      | $12840429.54  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| API GROUP CORPORATION                                                      | API GROUP CORP                                    | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |    576520 | NS      | $10844341.20  | 0.61%             |  |  |  | No            |                  1 | On Loan: —       |
| JACOBS SOLUTIONS INC.                                                      | JACOBS SOLUTIONS INC                              | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     89366 | NS      | $10730175.62  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| HAWAIIAN ELECTRIC INDUSTRIES, INC.                                         | HAWAIIAN ELECTRIC INDUSTRIES INC                  | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |    312378 | NS      | $13073019.30  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| CHESAPEAKE UTILITIES CORPORATION                                           | CHESAPEAKE UTILITIES CORP                         | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |     40281 | NS      | $4760408.58   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SOUTHERN COMPANY                                                       | THE SOUTHERN COMPANY                              | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    191722 | NS      | $13690868.02  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| MUELLER INDUSTRIES, INC.                                                   | MUELLER INDUSTRIES INC                            | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |    160613 | NS      | $9476167.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corporation                                                      | TC ENERGY CORP                                    | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |    298718 | NS      | $11906899.48  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corporation                                                     | OTTER TAIL CORP                                   | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    219310 | NS      | $12875690.10  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN WATER WORKS COMPANY, INC.                                         | AMERICAN WATER WORKS CO INC                       | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     83975 | NS      | $12799469.50  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUELINX HOLDINGS INC.                                                     | BLUELINX HOLDINGS INC                             | CUSIP: 09624H208<br>LEI: 549300YSX7GU28F5I540 | Long             | EC               | CORP              | US        |    160246 | NS      | $11395093.06  | 0.65%             |  |  |  | No            |                  1 | On Loan: —       |
| EXELON CORPORATION                                                         | EXELON CORP                                       | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    311473 | NS      | $13464977.79  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corporation                                                           | OLIN CORP                                         | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |    197607 | NS      | $10461314.58  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK, INC.                                                                | ONEOK INC                                         | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |    192124 | NS      | $12622546.80  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                                               | EVERGY INC                                        | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |    220695 | NS      | $13888336.35  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHWEST PIPE COMPANY                                                     | NORTHWEST PIPE CO                                 | CUSIP: 667746101<br>LEI: 54930056VW2CRCZ9RE54 | Long             | EC               | CORP              | US        |    302210 | NS      | $10184477.00  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| S P MID 400 EMINI MAR23                                                    | S P MID 400 EMINI MAR23                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         9 | NC      | $-47222.62    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| SIMPSON MANUFACTURING CO., INC.                                            | SIMPSON MANUFACTURING CO INC                      | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |    118270 | NS      | $10485818.20  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITIL CORPORATION                                                         | UNITIL CORP                                       | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    243319 | NS      | $12496863.84  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| OMEGA FLEX, INC.                                                           | OMEGA FLEX INC                                    | CUSIP: 682095104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    113086 | NS      | $10553185.52  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ECOVYST INC.                                                               | ECOVYST INC                                       | CUSIP: 27923Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1194310 | NS      | $10581586.60  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| AVANGRID, INC.                                                             | AVANGRID INC                                      | CUSIP: 05351W103<br>LEI: 549300OX0Q38NLSKPB49 | Long             | EC               | CORP              | US        |    300596 | NS      | $12919616.08  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| DT MIDSTREAM, INC.                                                         | DT MIDSTREAM INC                                  | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    214571 | NS      | $11857193.46  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| THE AZEK COMPANY INC.                                                      | AZEK CO INC THE                                   | CUSIP: 05478C105<br>LEI: 5493002LDDDU1RX46815 | Long             | EC               | CORP              | US        |    554492 | NS      | $11267277.44  | 0.64%             |  |  |  | No            |                  1 | On Loan: —       |
| NORTHWESTERN CORPORATION                                                   | NORTHWESTERN CORP                                 | CUSIP: 668074305<br>LEI: 3BPWMBHR1R9SHUN7J795 | Long             | EC               | CORP              | US        |    221983 | NS      | $13172471.22  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES STEEL CORPORATION                                            | UNITED STATES STEEL CORP                          | CUSIP: 912909108<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | EC               | CORP              | US        |    413413 | NS      | $10355995.65  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** iShares Trust

**Signature:** Ann Frechette

**Name of Signer:** Ann Frechette

**Title:** Assistant Treasurer