# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001410368-25-010266
**Filing Date:** 2025-9
**Character Count:** 175117
**Document Hash:** 6c56a1161b2d4d2d847c5716d6b8d3cf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-010266.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-010266

**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:** 251338758

**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 J.P. Morgan Broad USD Emerging Markets Bond ETF (Series ID: S000077383)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000237776 | iShares J.P. Morgan Broad USD Emerging Markets Bond ETF | BEMB            |

## Nport-Ex

Schedule of Investments (unaudited)

July 31, 2025

**iShares® J.P. Morgan Broad USD Emerging Markets 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* |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Angola — 0.4%** | **Angola — 0.4%** | **Angola — 0.4%** |
| Azule Energy Finance PLC, 8.13%, 01/23/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $200 | $200880 |
| **Argentina — 0.3%** | **Argentina — 0.3%** | **Argentina — 0.3%** |
| YPF SA, 9.00%, 06/30/29<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 150 | 154828 |
| **Brazil — 2.5%** | **Brazil — 2.5%** | **Brazil — 2.5%** |
| Banco do Brasil SA, 6.25%, 04/18/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204700 |
| Braskem Netherlands Finance BV, 4.50%, 01/10/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 153000 |
| CSN Resources SA, 4.63%, 06/10/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 157900 |
| &nbsp;&nbsp;&nbsp; Itau Unibanco Holding SA/Cayman Island, 3.88%, <br> 04/15/31, (5-year CMT + 3.446%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 198360 |
| Petrobras Global Finance BV, 6.85%, 06/05/2115<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 100 | 88940 |
| &nbsp;&nbsp;&nbsp; Samarco Mineracao SA, 9.50%, 06/30/31, (9.05 % <br> PIK)<sup>(a)(e)</sup><br>| &nbsp;&nbsp;&nbsp; 115 | 113830 |
| Suzano Austria GmbH, 5.00%, 01/15/30 | &nbsp;&nbsp;&nbsp; 200 | 198546 |
| Vale Overseas Ltd., 6.40%, 06/28/54 | &nbsp;&nbsp;&nbsp; 100 | 97600 |
|  |  | 1212876 |
| **Cayman Islands — 0.4%** | **Cayman Islands — 0.4%** | **Cayman Islands — 0.4%** |
| &nbsp;&nbsp;&nbsp; QNB Finance Ltd., 5.55%, 04/02/29, (1-day SOFR + <br> 1.200%)<sup>(c)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 202750 |
| **Chile — 1.8%** | **Chile — 1.8%** | **Chile — 1.8%** |
| Colbun SA, 3.15%, 03/06/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 186126 |
| Corp. Nacional del Cobre de Chile |  |  |
| &nbsp;&nbsp;&nbsp; 3.15%, 01/14/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 186444 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/01/47<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 155280 |
| Enel Chile SA, 4.88%, 06/12/28 | &nbsp;&nbsp;&nbsp; 100 | 100585 |
| Inversiones CMPC SA, 6.13%, 02/26/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205700 |
|  |  | 834135 |
| **China — 4.9%** | **China — 4.9%** | **China — 4.9%** |
| Alibaba Group Holding Ltd., 4.50%, 11/28/34 | &nbsp;&nbsp;&nbsp; 200 | 192984 |
| Amipeace Ltd., 2.25%, 10/22/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 181872 |
| BOC Aviation Ltd., 3.50%, 09/18/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195974 |
| &nbsp;&nbsp;&nbsp; China Cinda 2020 I Management Ltd., 3.13%, <br> 03/18/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 186392 |
| &nbsp;&nbsp;&nbsp; China Construction Bank Corp/Hong Kong, 4.92%, <br> 07/16/27, (1-day SOFR Index + 0.550%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200194 |
| CNOOC Finance 2013 Ltd., 2.88%, 09/30/29 | &nbsp;&nbsp;&nbsp; 200 | 189960 |
| Huarong Finance II Co. Ltd., 4.88%, 11/22/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199870 |
| &nbsp;&nbsp;&nbsp; Industrial & Commercial Bank of China Ltd., 3.20%, <br> (5-year CMT + 2.368%)<sup>(a)(c)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 196472 |
| Prosus NV, 4.19%, 01/19/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 281531 |
| &nbsp;&nbsp;&nbsp; Sinopec Group Overseas Development 2018 Ltd., <br> 2.70%, 05/13/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 187358 |
| Tencent Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 04/22/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 184742 |
| &nbsp;&nbsp;&nbsp; 3.84%, 04/22/51<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 152696 |
|  |  | 2350045 |
| **Colombia — 0.8%** | **Colombia — 0.8%** | **Colombia — 0.8%** |
| Ecopetrol SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/02/31 | &nbsp;&nbsp;&nbsp; 100 | 86262 |
| &nbsp;&nbsp;&nbsp; 5.88%, 05/28/45 | &nbsp;&nbsp;&nbsp; 100 | 70887 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/29/30 | &nbsp;&nbsp;&nbsp; 100 | 100130 |
| &nbsp;&nbsp;&nbsp; 8.88%, 01/13/33 | &nbsp;&nbsp;&nbsp; 100 | 104900 |
|  |  | 362179 |
| **Guatemala — 0.8%** | **Guatemala — 0.8%** | **Guatemala — 0.8%** |
| CT Trust, 5.13%, 02/03/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 187250 |
| Millicom International Cellular SA, 4.50%, 04/27/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 183200 |
|  |  | 370450 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Hong Kong — 1.8%** | **Hong Kong — 1.8%** | **Hong Kong — 1.8%** |
| AIA Group Ltd., 3.20%, 09/16/40<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $200 | $152903 |
| FWD Group Holdings Ltd., 7.64%, 07/02/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 221104 |
| Melco Resorts Finance Ltd., 7.63%, 04/17/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205250 |
| MTR Corp. Ltd., 4.88%, 04/01/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203688 |
| Prudential Funding Asia PLC, 3.13%, 04/14/30 | &nbsp;&nbsp;&nbsp; 50 | 47091 |
| Seaspan Corp., 5.50%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 50 | 47431 |
|  |  | 877467 |
| **Hungary — 0.4%** | **Hungary — 0.4%** | **Hungary — 0.4%** |
| &nbsp;&nbsp;&nbsp; OTP Bank Nyrt, 7.30%, 07/30/35, (5-year CMT + <br> 2.861%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 207024 |
| **India — 2.5%** | **India — 2.5%** | **India — 2.5%** |
| &nbsp;&nbsp;&nbsp; Adani Ports & Special Economic Zone Ltd., 4.38%, <br> 07/03/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 189810 |
| JSW Steel Ltd., 3.95%, 04/05/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194449 |
| Power Finance Corp. Ltd., 3.95%, 04/23/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 192902 |
| Reliance Industries Ltd., 2.88%, 01/12/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 250 | 222018 |
| State Bank of India/London, 4.88%, 05/05/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200658 |
| Vedanta Resources Finance II PLC, 11.25%, 12/03/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208250 |
|  |  | 1208087 |
| **Indonesia — 1.2%** | **Indonesia — 1.2%** | **Indonesia — 1.2%** |
| Freeport Indonesia PT, 5.32%, 04/14/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 201000 |
| Minejesa Capital BV, 4.63%, 08/10/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 158 | 156321 |
| Pertamina Persero PT, 5.63%, 05/20/43<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 191450 |
|  |  | 548771 |
| **Israel — 1.5%** | **Israel — 1.5%** | **Israel — 1.5%** |
| Energian Israel Finance Ltd., 5.88%, 03/30/31<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; 50 | 46625 |
| Israel Electric Corp. Ltd., 3.75%, 02/22/32<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; 200 | 180500 |
| Leviathan Bond Ltd., 6.50%, 06/30/27<sup>(g)</sup> | &nbsp;&nbsp;&nbsp; 100 | 99375 |
| Teva Pharmaceutical Finance Netherlands III BV |  |  |
| &nbsp;&nbsp;&nbsp; 3.15%, 10/01/26 | &nbsp;&nbsp;&nbsp; 99 | 96649 |
| &nbsp;&nbsp;&nbsp; 4.10%, 10/01/46 | &nbsp;&nbsp;&nbsp; 100 | 70405 |
| &nbsp;&nbsp;&nbsp; 5.13%, 05/09/29 | &nbsp;&nbsp;&nbsp; 200 | 199980 |
|  |  | 693534 |
| **Kazakhstan — 0.4%** | **Kazakhstan — 0.4%** | **Kazakhstan — 0.4%** |
| KazMunayGas National Co. JSC, 3.50%, 04/14/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 173978 |
| **Kuwait — 0.4%** | **Kuwait — 0.4%** | **Kuwait — 0.4%** |
| MEGlobal BV, 2.63%, 04/28/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 188836 |
| **Luxembourg — 0.3%** | **Luxembourg — 0.3%** | **Luxembourg — 0.3%** |
| Altice Financing SA, 5.00%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 160060 |
| **Macau — 1.0%** | **Macau — 1.0%** | **Macau — 1.0%** |
| Sands China Ltd., 2.85%, 03/08/29 | &nbsp;&nbsp;&nbsp; 300 | 277598 |
| Wynn Macau Ltd., 5.63%, 08/26/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197820 |
|  |  | 475418 |
| **Malaysia — 1.8%** | **Malaysia — 1.8%** | **Malaysia — 1.8%** |
| Axiata SPV2 Bhd, 2.16%, 08/19/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 177584 |
| Gohl Capital Ltd., 4.25%, 01/24/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198200 |
| Petronas Capital Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.48%, 01/28/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 175182 |
| &nbsp;&nbsp;&nbsp; 3.40%, 04/28/61<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 131036 |
| &nbsp;&nbsp;&nbsp; 4.55%, 04/21/50<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 170301 |
|  |  | 852303 |
| **Mexico — 2.8%** | **Mexico — 2.8%** | **Mexico — 2.8%** |
| America Movil SAB de CV, 4.70%, 07/21/32 | &nbsp;&nbsp;&nbsp; 200 | 197188 |
| &nbsp;&nbsp;&nbsp; BBVA Bancomer SA/Texas, 5.13%, 01/18/33, (5-year <br> CMT + 2.650%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 192650 |
| Cemex SAB de CV, 3.88%, 07/11/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 184580 |
| Coca-Cola Femsa SAB de CV, 1.85%, 09/01/32 | &nbsp;&nbsp;&nbsp; 150 | 122007 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® J.P. Morgan Broad USD Emerging Markets Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mexico (continued)** | **Mexico (continued)** | **Mexico (continued)** |
| Grupo Televisa SAB, 6.63%, 01/15/40 | &nbsp;&nbsp;&nbsp; $50 | $46388 |
| Petroleos Mexicanos |  |  |
| &nbsp;&nbsp;&nbsp; 6.38%, 01/23/45 | &nbsp;&nbsp;&nbsp; 100 | 75125 |
| &nbsp;&nbsp;&nbsp; 6.63%, 06/15/35 | &nbsp;&nbsp;&nbsp; 30 | 26661 |
| &nbsp;&nbsp;&nbsp; 6.70%, 02/16/32 | &nbsp;&nbsp;&nbsp; 100 | 95000 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/21/47 | &nbsp;&nbsp;&nbsp; 200 | 154300 |
| &nbsp;&nbsp;&nbsp; 7.69%, 01/23/50 | &nbsp;&nbsp;&nbsp; 100 | 84380 |
| &nbsp;&nbsp;&nbsp; 8.75%, 06/02/29 | &nbsp;&nbsp;&nbsp; 100 | 105229 |
| Southern Copper Corp., 6.75%, 04/16/40 | &nbsp;&nbsp;&nbsp; 50 | 54513 |
|  |  | 1338021 |
| **Morocco — 0.4%** | **Morocco — 0.4%** | **Morocco — 0.4%** |
| OCP SA, 6.88%, 04/25/44<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195367 |
| **Panama — 0.3%** | **Panama — 0.3%** | **Panama — 0.3%** |
| &nbsp;&nbsp;&nbsp; Aeropuerto Internacional de Tocumen SA, 5.13%, <br> 08/11/61<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 143364 |
| **Peru — 0.7%** | **Peru — 0.7%** | **Peru — 0.7%** |
| Consorcio Transmantaro SA, 4.70%, 04/16/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 194000 |
| Petroleos del Peru SA, 4.75%, 06/19/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 159938 |
|  |  | 353938 |
| **Philippines — 0.4%** | **Philippines — 0.4%** | **Philippines — 0.4%** |
| &nbsp;&nbsp;&nbsp; San Miguel Global Power Holdings Corp., 8.75%, <br> (5-year CMT + 7.732%)<sup>(a)(c)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200000 |
| **Qatar — 0.7%** | **Qatar — 0.7%** | **Qatar — 0.7%** |
| Ooredoo International Finance Ltd., 4.50%, 01/31/43<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 177116 |
| QatarEnergy, 3.30%, 07/12/51<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 135750 |
|  |  | 312866 |
| **Saudi Arabia — 2.4%** | **Saudi Arabia — 2.4%** | **Saudi Arabia — 2.4%** |
| Gaci First Investment Co. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/29/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202084 |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/13/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204250 |
| Greensaif Pipelines Bidco SARL, 6.51%, 02/23/42<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 209000 |
| SA Global Sukuk Ltd., 2.69%, 06/17/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 178800 |
| Saudi Arabian Oil Co., 4.38%, 04/16/49<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 158386 |
| &nbsp;&nbsp;&nbsp; Saudi Electricity Sukuk Programme Co., 5.19%, <br> 02/13/34<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 202104 |
|  |  | 1154624 |
| **Singapore — 1.6%** | **Singapore — 1.6%** | **Singapore — 1.6%** |
| DBS Group Holdings Ltd., 1.19%, 03/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 190528 |
| &nbsp;&nbsp;&nbsp; Oversea-Chinese Banking Corp. Ltd., 5.52%, 05/21/34, <br> (5-year CMT + 1.030%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 206300 |
| SingTel Group Treasury Pte Ltd., 2.38%, 08/28/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 186050 |
| &nbsp;&nbsp;&nbsp; United Overseas Bank Ltd., 2.00%, 10/14/31, (5-year <br> CMT + 1.230%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 193606 |
|  |  | 776484 |
| **South Africa — 1.1%** | **South Africa — 1.1%** | **South Africa — 1.1%** |
| Anglo American Capital PLC |  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 03/17/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 181312 |
| &nbsp;&nbsp;&nbsp; 3.95%, 09/10/50<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 147936 |
| Sasol Financing USA LLC, 6.50%, 09/27/28 | &nbsp;&nbsp;&nbsp; 200 | 192550 |
|  |  | 521798 |
| **South Korea — 2.1%** | **South Korea — 2.1%** | **South Korea — 2.1%** |
| LG Energy Solution Ltd., 5.50%, 07/02/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197894 |
| POSCO, 5.75%, 01/17/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 204700 |
| Shinhan Bank Co. Ltd., 1.38%, 10/21/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 193153 |
| SK Hynix Inc., 6.38%, 01/17/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 207374 |
| Woori Bank, 4.88%, 01/26/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202238 |
|  |  | 1005359 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Taiwan — 1.3%** | **Taiwan — 1.3%** | **Taiwan — 1.3%** |
| TSMC Arizona Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 10/25/41 | &nbsp;&nbsp;&nbsp; $200 | $156568 |
| &nbsp;&nbsp;&nbsp; 3.88%, 04/22/27 | &nbsp;&nbsp;&nbsp; 300 | 297441 |
| TSMC Global Ltd., 2.25%, 04/23/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 178240 |
|  |  | 632249 |
| **Thailand — 0.8%** | **Thailand — 0.8%** | **Thailand — 0.8%** |
| &nbsp;&nbsp;&nbsp; Bangkok Bank PCL/Hong Kong, 3.73%, 09/25/34, <br> (5-year CMT + 1.900%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 186121 |
| &nbsp;&nbsp;&nbsp; Kasikornbank PCL/Hong Kong, 3.34%, 10/02/31, (5-year <br> CMT + 1.700%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 194926 |
|  |  | 381047 |
| **Turkey — 0.9%** | **Turkey — 0.9%** | **Turkey — 0.9%** |
| &nbsp;&nbsp;&nbsp; Turkiye Vakiflar Bankasi TAO, 8.99%, 10/05/34, (5-year <br> CMT + 4.669%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 208000 |
| &nbsp;&nbsp;&nbsp; Yapi ve Kredi Bankasi A/S, 9.25%, 01/17/34, (5-year <br> CMT + 5.278%)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 209886 |
|  |  | 417886 |
| **United Arab Emirates — 2.5%** | **United Arab Emirates — 2.5%** | **United Arab Emirates — 2.5%** |
| &nbsp;&nbsp;&nbsp; Abu Dhabi National Energy Co. PJSC, 6.50%, <br> 10/27/36<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 100 | 111480 |
| DIB Sukuk Ltd., 4.80%, 08/16/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200300 |
| DP World Ltd./United Arab Emirates, 6.85%, 07/02/37<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 111063 |
| Emirates NBD Bank PJSC, 5.88%, 10/11/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208438 |
| &nbsp;&nbsp;&nbsp; First Abu Dhabi Bank PJSC, 4.50%, (5-year CMT + <br> 4.138%)<sup>(a)(c)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 198126 |
| Galaxy Pipeline Assets Bidco Ltd., 2.16%, 03/31/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 147 | 131260 |
| MDGH GMTN RSC Ltd., 5.50%, 04/28/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 209100 |
|  |  | 1169767 |
| **United Kingdom — 2.3%** | **United Kingdom — 2.3%** | **United Kingdom — 2.3%** |
| CK Hutchison International 19 II Ltd., 2.75%, 09/06/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 280335 |
| Standard Chartered PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.64%, 04/01/31, (1-year CMT + 3.850%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 200 | 198027 |
| &nbsp;&nbsp;&nbsp; 5.91%, 05/14/35, (1-year CMT + 1.450%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208044 |
| &nbsp;&nbsp;&nbsp; 6.30%, 01/09/29, (1-year CMT + 2.450%)<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 200 | 207600 |
| &nbsp;&nbsp;&nbsp; 7.63%, , (5-year CMT + 3.023%)<sup>(a)(c)(f)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206780 |
|  |  | 1100786 |
| **United States — 0.8%** | **United States — 0.8%** | **United States — 0.8%** |
| Avianca Midco 2 PLC, 9.00%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 94875 |
| &nbsp;&nbsp;&nbsp; JBS USA Holding Lux SARL/JBS USA Food Co./JBS <br> Lux Co. SARL<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 05/15/32 | &nbsp;&nbsp;&nbsp; 100 | 87347 |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/01/33 | &nbsp;&nbsp;&nbsp; 87 | 88890 |
| Las Vegas Sands Corp., 3.90%, 08/08/29 | &nbsp;&nbsp;&nbsp; 100 | 95384 |
|  |  | 366496 |
| **Zambia — 0.4%** | **Zambia — 0.4%** | **Zambia — 0.4%** |
| First Quantum Minerals Ltd., 9.38%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 211250 |
| **Total Corporate Bonds & Notes — 44.7%** <br>**(Cost: $20,858,257)** | **Total Corporate Bonds & Notes — 44.7%** <br>**(Cost: $20,858,257)** | 21354923 |
| **Foreign Government Obligations**<sup>(h)</sup> | **Foreign Government Obligations**<sup>(h)</sup> | **Foreign Government Obligations**<sup>(h)</sup> |
| **Angola — 0.6%** | **Angola — 0.6%** | **Angola — 0.6%** |
| &nbsp;&nbsp;&nbsp; Angolan Government International Bond, 8.75%, <br> 04/14/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 300 | 272343 |
| **Argentina — 2.0%** | **Argentina — 2.0%** | **Argentina — 2.0%** |
| Argentina Republic Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 1.00%, 07/09/29 | &nbsp;&nbsp;&nbsp; 40 | 32353 |
| &nbsp;&nbsp;&nbsp; 1.75%, 07/09/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 344 | 264383 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® J.P. Morgan Broad USD Emerging Markets Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Argentina (continued)** | **Argentina (continued)** | **Argentina (continued)** |
| &nbsp;&nbsp;&nbsp; 3.50%, 07/09/41<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $220 | $133540 |
| &nbsp;&nbsp;&nbsp; 4.38%, 07/09/46<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 48 | 30373 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/09/35<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 520 | 341432 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/09/38<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 225 | 156950 |
|  |  | 959031 |
| **Bahrain — 1.7%** | **Bahrain — 1.7%** | **Bahrain — 1.7%** |
| Bahrain Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 09/30/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 192824 |
| &nbsp;&nbsp;&nbsp; 5.63%, 05/18/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 186106 |
| &nbsp;&nbsp;&nbsp; 7.38%, 05/14/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 210026 |
| &nbsp;&nbsp;&nbsp; CBB International Sukuk Programme Co. WLL, 6.25%, <br> 10/18/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 205225 |
|  |  | 794181 |
| **Brazil — 1.2%** | **Brazil — 1.2%** | **Brazil — 1.2%** |
| Brazil Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/07/41 | &nbsp;&nbsp;&nbsp; 100 | 89300 |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/21/47 | &nbsp;&nbsp;&nbsp; 200 | 162800 |
| &nbsp;&nbsp;&nbsp; 8.25%, 01/20/34 | &nbsp;&nbsp;&nbsp; 100 | 114350 |
| &nbsp;&nbsp;&nbsp; Brazilian Government International Bond, 3.88%, <br> 06/12/30<br>| &nbsp;&nbsp;&nbsp; 200 | 188400 |
|  |  | 554850 |
| **Chile — 1.1%** | **Chile — 1.1%** | **Chile — 1.1%** |
| Chile Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 2.45%, 01/31/31 | &nbsp;&nbsp;&nbsp; 200 | 178800 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/31/52 | &nbsp;&nbsp;&nbsp; 200 | 152800 |
| &nbsp;&nbsp;&nbsp; 4.34%, 03/07/42 | &nbsp;&nbsp;&nbsp; 200 | 172450 |
|  |  | 504050 |
| **China — 0.4%** | **China — 0.4%** | **China — 0.4%** |
| &nbsp;&nbsp;&nbsp; China Government International Bond, 1.75%, <br> 10/26/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 179512 |
| **Colombia — 1.7%** | **Colombia — 1.7%** | **Colombia — 1.7%** |
| Colombia Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/22/42 | &nbsp;&nbsp;&nbsp; 200 | 131000 |
| &nbsp;&nbsp;&nbsp; 4.13%, 05/15/51 | &nbsp;&nbsp;&nbsp; 200 | 119200 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/15/29 | &nbsp;&nbsp;&nbsp; 200 | 191500 |
| &nbsp;&nbsp;&nbsp; 6.13%, 01/18/41 | &nbsp;&nbsp;&nbsp; 200 | 167400 |
| &nbsp;&nbsp;&nbsp; 8.00%, 04/20/33 | &nbsp;&nbsp;&nbsp; 200 | 210400 |
|  |  | 819500 |
| **Costa Rica — 0.4%** | **Costa Rica — 0.4%** | **Costa Rica — 0.4%** |
| &nbsp;&nbsp;&nbsp; Costa Rica Government International Bond, 7.30%, <br> 11/13/54<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 207465 |
| **Dominican Republic — 2.3%** | **Dominican Republic — 2.3%** | **Dominican Republic — 2.3%** |
| Dominican Republic International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/30/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 150 | 143025 |
| &nbsp;&nbsp;&nbsp; 4.88%, 09/23/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 150 | 138613 |
| &nbsp;&nbsp;&nbsp; 5.30%, 01/21/41<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 150 | 130200 |
| &nbsp;&nbsp;&nbsp; 5.50%, 02/22/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199700 |
| &nbsp;&nbsp;&nbsp; 6.40%, 06/05/49<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 150 | 142631 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/15/48<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 150 | 144188 |
| &nbsp;&nbsp;&nbsp; 6.85%, 01/27/45<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 100125 |
| &nbsp;&nbsp;&nbsp; 7.45%, 04/30/44<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 105425 |
|  |  | 1103907 |
| **Ecuador — 0.9%** | **Ecuador — 0.9%** | **Ecuador — 0.9%** |
| Ecuador Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 07/31/30<sup>(a)(i)</sup> | &nbsp;&nbsp;&nbsp; 25 | 17925 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/31/40<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 120 | 74738 |
| &nbsp;&nbsp;&nbsp; 6.90%, 07/31/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 135 | 117884 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Ecuador (continued)** | **Ecuador (continued)** | **Ecuador (continued)** |
| &nbsp;&nbsp;&nbsp; 6.90%, 07/31/35<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; $267 | $198515 |
|  |  | 409062 |
| **Egypt — 1.9%** | **Egypt — 1.9%** | **Egypt — 1.9%** |
| Egypt Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 02/16/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 176700 |
| &nbsp;&nbsp;&nbsp; 7.30%, 09/30/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 178937 |
| &nbsp;&nbsp;&nbsp; 7.60%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202200 |
| &nbsp;&nbsp;&nbsp; 7.63%, 05/29/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 187938 |
| &nbsp;&nbsp;&nbsp; 8.88%, 05/29/50<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 167190 |
|  |  | 912965 |
| **El Salvador — 0.3%** | **El Salvador — 0.3%** | **El Salvador — 0.3%** |
| &nbsp;&nbsp;&nbsp; El Salvador Government International Bond, 9.25%, <br> 04/17/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 150 | 158025 |
| **Ghana — 0.6%** | **Ghana — 0.6%** | **Ghana — 0.6%** |
| Ghana Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/03/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 148 | 139851 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/03/35<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 179 | 143890 |
|  |  | 283741 |
| **Hungary — 1.6%** | **Hungary — 1.6%** | **Hungary — 1.6%** |
| Hungary Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 06/16/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 302612 |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/16/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197423 |
| &nbsp;&nbsp;&nbsp; 6.75%, 09/25/52<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205746 |
| &nbsp;&nbsp;&nbsp; 7.63%, 03/29/41 | &nbsp;&nbsp;&nbsp; 40 | 45688 |
|  |  | 751469 |
| **India — 0.4%** | **India — 0.4%** | **India — 0.4%** |
| Export-Import Bank of India, 3.25%, 01/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 188606 |
| **Indonesia — 2.0%** | **Indonesia — 2.0%** | **Indonesia — 2.0%** |
| Indonesia Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 10/30/49 | &nbsp;&nbsp;&nbsp; 200 | 150400 |
| &nbsp;&nbsp;&nbsp; 3.85%, 10/15/30 | &nbsp;&nbsp;&nbsp; 200 | 195000 |
| &nbsp;&nbsp;&nbsp; 4.55%, 01/11/28 | &nbsp;&nbsp;&nbsp; 200 | 201500 |
| &nbsp;&nbsp;&nbsp; 4.85%, 01/11/33 | &nbsp;&nbsp;&nbsp; 200 | 199500 |
| &nbsp;&nbsp;&nbsp; Perusahaan Penerbit SBSN Indonesia III, 5.20%, <br> 07/02/34<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 202500 |
|  |  | 948900 |
| **Ivory Coast — 0.4%** | **Ivory Coast — 0.4%** | **Ivory Coast — 0.4%** |
| &nbsp;&nbsp;&nbsp; Ivory Coast Government International Bond, 8.25%, <br> 01/30/37<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 197152 |
| **Jamaica — 0.5%** | **Jamaica — 0.5%** | **Jamaica — 0.5%** |
| &nbsp;&nbsp;&nbsp; Jamaica Government International Bond, 8.00%, <br> 03/15/39<sup>(d)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 234835 |
| **Jordan — 0.4%** | **Jordan — 0.4%** | **Jordan — 0.4%** |
| &nbsp;&nbsp;&nbsp; Jordan Government International Bond, 5.85%, <br> 07/07/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 194288 |
| **Kazakhstan — 0.5%** | **Kazakhstan — 0.5%** | **Kazakhstan — 0.5%** |
| &nbsp;&nbsp;&nbsp; Kazakhstan Government International Bond, 6.50%, <br> 07/21/45<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 215520 |
| **Kenya — 0.8%** | **Kenya — 0.8%** | **Kenya — 0.8%** |
| Republic of Kenya Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 05/22/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 189862 |
| &nbsp;&nbsp;&nbsp; 9.75%, 02/16/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206000 |
|  |  | 395862 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® J.P. Morgan Broad USD Emerging Markets Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Kuwait — 0.4%** | **Kuwait — 0.4%** | **Kuwait — 0.4%** |
| &nbsp;&nbsp;&nbsp; Kuwait International Government Bond, 3.50%, <br> 03/20/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; $200 | $197250 |
| **Lebanon — 0.1%** | **Lebanon — 0.1%** | **Lebanon — 0.1%** |
| Lebanon Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 6.60%, 11/27/26<sup>(a)(j)(k)</sup> | &nbsp;&nbsp;&nbsp; 200 | 37000 |
| &nbsp;&nbsp;&nbsp; 6.65%, 02/26/30<sup>(a)(j)(k)</sup> | &nbsp;&nbsp;&nbsp; 150 | 27750 |
|  |  | 64750 |
| **Mexico — 1.9%** | **Mexico — 1.9%** | **Mexico — 1.9%** |
| Mexico Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 02/12/34 | &nbsp;&nbsp;&nbsp; 200 | 167650 |
| &nbsp;&nbsp;&nbsp; 4.28%, 08/14/41 | &nbsp;&nbsp;&nbsp; 200 | 153552 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/27/51 | &nbsp;&nbsp;&nbsp; 200 | 154600 |
| &nbsp;&nbsp;&nbsp; 5.55%, 01/21/45 | &nbsp;&nbsp;&nbsp; 50 | 44703 |
| &nbsp;&nbsp;&nbsp; 6.00%, 05/07/36 | &nbsp;&nbsp;&nbsp; 200 | 196800 |
| &nbsp;&nbsp;&nbsp; 6.35%, 02/09/35 | &nbsp;&nbsp;&nbsp; 200 | 203175 |
|  |  | 920480 |
| **Morocco — 0.4%** | **Morocco — 0.4%** | **Morocco — 0.4%** |
| &nbsp;&nbsp;&nbsp; Morocco Government International Bond, 6.50%, <br> 09/08/33<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 211566 |
| **Nigeria — 1.2%** | **Nigeria — 1.2%** | **Nigeria — 1.2%** |
| Nigeria Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 7.70%, 02/23/38<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 177376 |
| &nbsp;&nbsp;&nbsp; 8.38%, 03/24/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205188 |
| &nbsp;&nbsp;&nbsp; 8.75%, 01/21/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 205500 |
|  |  | 588064 |
| **Oman — 2.0%** | **Oman — 2.0%** | **Oman — 2.0%** |
| Oman Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/17/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300 | 306475 |
| &nbsp;&nbsp;&nbsp; 6.00%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 209912 |
| &nbsp;&nbsp;&nbsp; 6.75%, 10/28/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208784 |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/17/48<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 214800 |
|  |  | 939971 |
| **Pakistan — 0.4%** | **Pakistan — 0.4%** | **Pakistan — 0.4%** |
| &nbsp;&nbsp;&nbsp; Pakistan Global Sukuk Programme Co. Ltd. (The), <br> 7.95%, 01/31/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 200200 |
| **Panama — 1.8%** | **Panama — 1.8%** | **Panama — 1.8%** |
| Panama Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 2.25%, 09/29/32 | &nbsp;&nbsp;&nbsp; 300 | 229800 |
| &nbsp;&nbsp;&nbsp; 3.16%, 01/23/30 | &nbsp;&nbsp;&nbsp; 200 | 180400 |
| &nbsp;&nbsp;&nbsp; 3.87%, 07/23/60 | &nbsp;&nbsp;&nbsp; 200 | 116400 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/16/50 | &nbsp;&nbsp;&nbsp; 200 | 136650 |
| &nbsp;&nbsp;&nbsp; 8.00%, 03/01/38 | &nbsp;&nbsp;&nbsp; 200 | 216375 |
|  |  | 879625 |
| **Paraguay — 0.4%** | **Paraguay — 0.4%** | **Paraguay — 0.4%** |
| &nbsp;&nbsp;&nbsp; Paraguay Government International Bond, 4.95%, <br> 04/28/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 198600 |
| **Peru — 1.5%** | **Peru — 1.5%** | **Peru — 1.5%** |
| Peru Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 2.78%, 01/23/31 | &nbsp;&nbsp;&nbsp; 200 | 179700 |
| &nbsp;&nbsp;&nbsp; 3.00%, 01/15/34 | &nbsp;&nbsp;&nbsp; 100 | 83650 |
| &nbsp;&nbsp;&nbsp; 3.30%, 03/11/41 | &nbsp;&nbsp;&nbsp; 50 | 37263 |
| &nbsp;&nbsp;&nbsp; 3.55%, 03/10/51 | &nbsp;&nbsp;&nbsp; 50 | 33755 |
| &nbsp;&nbsp;&nbsp; 3.60%, 01/15/72 | &nbsp;&nbsp;&nbsp; 100 | 60675 |
| &nbsp;&nbsp;&nbsp; 5.38%, 02/08/35 | &nbsp;&nbsp;&nbsp; 150 | 149550 |
| &nbsp;&nbsp;&nbsp; 5.63%, 11/18/50 | &nbsp;&nbsp;&nbsp; 200 | 189000 |
|  |  | 733593 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Philippines — 2.1%** | **Philippines — 2.1%** | **Philippines — 2.1%** |
| Philippines Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 1.65%, 06/10/31 | &nbsp;&nbsp;&nbsp; $200 | $170800 |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/01/28 | &nbsp;&nbsp;&nbsp; 200 | 193625 |
| &nbsp;&nbsp;&nbsp; 3.20%, 07/06/46 | &nbsp;&nbsp;&nbsp; 200 | 141500 |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/14/29 | &nbsp;&nbsp;&nbsp; 200 | 196072 |
| &nbsp;&nbsp;&nbsp; 3.95%, 01/20/40 | &nbsp;&nbsp;&nbsp; 200 | 173100 |
| &nbsp;&nbsp;&nbsp; 6.38%, 10/23/34 | &nbsp;&nbsp;&nbsp; 100 | 110200 |
|  |  | 985297 |
| **Poland — 2.4%** | **Poland — 2.4%** | **Poland — 2.4%** |
| Bank Gospodarstwa Krajowego |  |  |
| &nbsp;&nbsp;&nbsp; 5.38%, 05/22/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 202516 |
| &nbsp;&nbsp;&nbsp; 5.75%, 07/09/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 206886 |
| Republic of Poland Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/12/30 | &nbsp;&nbsp;&nbsp; 100 | 102117 |
| &nbsp;&nbsp;&nbsp; 4.88%, 10/04/33 | &nbsp;&nbsp;&nbsp; 100 | 99450 |
| &nbsp;&nbsp;&nbsp; 5.13%, 09/18/34 | &nbsp;&nbsp;&nbsp; 100 | 100430 |
| &nbsp;&nbsp;&nbsp; 5.50%, 11/16/27 | &nbsp;&nbsp;&nbsp; 70 | 72092 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/04/53 | &nbsp;&nbsp;&nbsp; 130 | 121582 |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/18/54 | &nbsp;&nbsp;&nbsp; 200 | 186750 |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/16/32 | &nbsp;&nbsp;&nbsp; 70 | 73766 |
|  |  | 1165589 |
| **Qatar — 0.7%** | **Qatar — 0.7%** | **Qatar — 0.7%** |
| Qatar Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 5.10%, 04/23/48<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 190953 |
| &nbsp;&nbsp;&nbsp; 9.75%, 06/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 124219 |
|  |  | 315172 |
| **Romania — 2.1%** | **Romania — 2.1%** | **Romania — 2.1%** |
| Romania Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/14/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 87187 |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/27/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 87344 |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/14/51<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 64715 |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/25/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 150 | 150530 |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/24/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 94600 |
| &nbsp;&nbsp;&nbsp; 6.13%, 01/22/44<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 91790 |
| &nbsp;&nbsp;&nbsp; 6.38%, 01/30/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 99800 |
| &nbsp;&nbsp;&nbsp; 7.50%, 02/10/37<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 106125 |
| &nbsp;&nbsp;&nbsp; 7.63%, 01/17/53<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 100 | 104480 |
| &nbsp;&nbsp;&nbsp; Romanian Government International Bond, 5.88%, <br> 01/30/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 100 | 101517 |
|  |  | 988088 |
| **Saudi Arabia — 2.7%** | **Saudi Arabia — 2.7%** | **Saudi Arabia — 2.7%** |
| Saudi Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 10/26/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196750 |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/04/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 196026 |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/21/55<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 137562 |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/16/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 199276 |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/26/46<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 166000 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/17/49<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 175077 |
| &nbsp;&nbsp;&nbsp; 5.50%, 10/25/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 208648 |
|  |  | 1279339 |
| **Senegal — 0.3%** | **Senegal — 0.3%** | **Senegal — 0.3%** |
| &nbsp;&nbsp;&nbsp; Senegal Government International Bond, 6.25%, <br> 05/23/33<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 148688 |
| **Serbia — 0.4%** | **Serbia — 0.4%** | **Serbia — 0.4%** |
| Serbia International Bond, 6.00%, 06/12/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 203562 |
| **South Africa — 1.0%** | **South Africa — 1.0%** | **South Africa — 1.0%** |
| Republic of South Africa Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/12/46 | &nbsp;&nbsp;&nbsp; 200 | 139500 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® J.P. Morgan Broad USD Emerging Markets Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **South Africa (continued)** | **South Africa (continued)** | **South Africa (continued)** |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/30/49 | &nbsp;&nbsp;&nbsp; $200 | $149606 |
| &nbsp;&nbsp;&nbsp; 5.88%, 04/20/32 | &nbsp;&nbsp;&nbsp; 200 | 195200 |
|  |  | 484306 |
| **South Korea — 0.8%** | **South Korea — 0.8%** | **South Korea — 0.8%** |
| Korea Electric Power Corp., 4.88%, 01/31/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 200972 |
| Korea Gas Corp., 3.88%, 07/13/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 197722 |
|  |  | 398694 |
| **Sri Lanka — 0.6%** | **Sri Lanka — 0.6%** | **Sri Lanka — 0.6%** |
| Sri Lanka Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.10%, 01/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 42 | 37375 |
| &nbsp;&nbsp;&nbsp; 3.35%, 03/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 81 | 66443 |
| &nbsp;&nbsp;&nbsp; 3.60%, 05/15/36<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 38 | 31851 |
| &nbsp;&nbsp;&nbsp; 3.85%, 02/15/38<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 76 | 63729 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 39 | 36786 |
| &nbsp;&nbsp;&nbsp; 5.10%, 06/15/35<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 55 | 38965 |
|  |  | 275149 |
| **Supranational — 0.8%** | **Supranational — 0.8%** | **Supranational — 0.8%** |
| Africa Finance Corp., 3.75%, 10/30/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 187626 |
| African Export-Import Bank (The), 3.99%, 09/21/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 183500 |
|  |  | 371126 |
| **Turkey — 3.0%** | **Turkey — 3.0%** | **Turkey — 3.0%** |
| &nbsp;&nbsp;&nbsp; Hazine Mustesarligi Varlik Kiralama AS, 8.51%, <br> 01/14/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 213625 |
| Turkey Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/13/30 | &nbsp;&nbsp;&nbsp; 200 | 191100 |
| &nbsp;&nbsp;&nbsp; 6.00%, 03/25/27 | &nbsp;&nbsp;&nbsp; 200 | 201650 |
| &nbsp;&nbsp;&nbsp; 7.63%, 05/15/34 | &nbsp;&nbsp;&nbsp; 200 | 207000 |
| &nbsp;&nbsp;&nbsp; 9.88%, 01/15/28 | &nbsp;&nbsp;&nbsp; 200 | 218563 |
| Turkiye Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/11/47 | &nbsp;&nbsp;&nbsp; 200 | 152850 |
| &nbsp;&nbsp;&nbsp; 9.38%, 01/19/33 | &nbsp;&nbsp;&nbsp; 200 | 227562 |
|  |  | 1412350 |
| **Ukraine — 0.6%** | **Ukraine — 0.6%** | **Ukraine — 0.6%** |
| Ukraine Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/01/34<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 64 | 24203 |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/01/35<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 54 | 25600 |
| &nbsp;&nbsp;&nbsp; 3.00%, 02/01/36<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 45 | 21333 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/29<sup>(a)(b)(k)</sup> | &nbsp;&nbsp;&nbsp; 22 | 13196 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/34<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 107 | 55131 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/35<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 200 | 102510 |
| &nbsp;&nbsp;&nbsp; 6.00%, 02/01/36<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 86 | 43123 |
|  |  | 285096 |
| **United Arab Emirates — 1.8%** | **United Arab Emirates — 1.8%** | **United Arab Emirates — 1.8%** |
| Abu Dhabi Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 1.88%, 09/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 175221 |
| &nbsp;&nbsp;&nbsp; 3.13%, 10/11/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 195939 |
| &nbsp;&nbsp;&nbsp; 4.13%, 10/11/47<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 200 | 165876 |
| &nbsp;&nbsp;&nbsp; Finance Department Government of Sharjah, 4.00%, <br> 07/28/50<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 129812 |
| &nbsp;&nbsp;&nbsp; UAE International Government Bond, 4.05%, <br> 07/07/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 200 | 197102 |
|  |  | 863950 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Uruguay — 1.3%** | **Uruguay — 1.3%** | **Uruguay — 1.3%** |
| Oriental Republic of Uruguay, 5.25%, 09/10/60 | &nbsp;&nbsp;&nbsp; $85 | $76628 |
| Uruguay Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 10/27/27 | &nbsp;&nbsp;&nbsp; 110 | 110275 |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/23/31 | &nbsp;&nbsp;&nbsp; 100 | 99750 |
| &nbsp;&nbsp;&nbsp; 4.98%, 04/20/55 | &nbsp;&nbsp;&nbsp; 110 | 96690 |
| &nbsp;&nbsp;&nbsp; 5.10%, 06/18/50 | &nbsp;&nbsp;&nbsp; 200 | 183400 |
| &nbsp;&nbsp;&nbsp; 5.44%, 02/14/37 | &nbsp;&nbsp;&nbsp; 50 | 51075 |
|  |  | 617818 |
| **Total Foreign Government Obligations — 52.4%** <br>**(Cost: $23,822,314)** | **Total Foreign Government Obligations — 52.4%** <br>**(Cost: $23,822,314)** | 25013587 |
| **Total Long-Term Investments — 97.1%** <br>**(Cost: $44,680,571)** | **Total Long-Term Investments — 97.1%** <br>**(Cost: $44,680,571)** | 46368510 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 3.6%** | **Money Market Funds — 3.6%** | **Money Market Funds — 3.6%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency Shares, <br> 4.30%<sup>(l)(m)(n)</sup><br>| &nbsp;&nbsp;&nbsp; 1715325 | 1715325 |
| **Total Short-Term Securities — 3.6%** <br>**(Cost: $1,510,000)** | **Total Short-Term Securities — 3.6%** <br>**(Cost: $1,510,000)** | 1715325 |
| **Total Investments — 100.7%** <br>**(Cost: $46,190,571)** | **Total Investments — 100.7%** <br>**(Cost: $46,190,571)** | 48083835 |
| **Liabilities in Excess of Other Assets — (0.7)%** | **Liabilities in Excess of Other Assets — (0.7)%** | (339755)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $47744080 |

---

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

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

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

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

<sup>(e)</sup> Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates. 

<sup>(f)</sup> Perpetual security with no stated maturity date.

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

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

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

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

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

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

<sup>(n)</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® J.P. Morgan Broad USD Emerging Markets 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>| &nbsp;&nbsp; *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*07/31/25*<br>| *Shares* <br>*Held at* <br>*07/31/25*<br>| &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Treasury, SL Agency Shares | $1267302<br> $448023 <br><sup>(a)</sup><br>| $— | $— | $— | $1715325 | 1715325<br> $21121 <br><sup>(b)</sup><br>| $— |

---

&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; Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $21354923 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $21354923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Government Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 25013587 | &nbsp;&nbsp; — | &nbsp;&nbsp; 25013587 |
| &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; 1715325 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1715325 |
|  | &nbsp;&nbsp; $1715325 | &nbsp;&nbsp; $46368510 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $48083835 |

---

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

---

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

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| CMT | Constant Maturity Treasury |
| JSC | Joint Stock Company |
| PIK | Payment-in-kind |
| PJSC | Public Joint Stock Company |
| 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 J.P. Morgan Broad USD Emerging Markets Bond ETF

- **b. EDGAR series identifier (if any):** S000077383

- **c. LEI of Series:** 549300VGNTYVLIRI2L69

**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:** $48811958.01

**Total Liabilities:** $1065593.89

**Net Assets:** $47746364.12

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.16000000 | **1-Year:** 861.27000000 | **5-Year:** 6264.09000000 | **10-Year:** 3784.54000000 | **30-Year:** 6976.02000000

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

- **3-Month:** 0.00000000 | **1-Year:** 393.82000000 | **5-Year:** 4739.10000000 | **10-Year:** 2058.30000000 | **30-Year:** 2767.76000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237776 | 0.93%                | 2.08%                | 1.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-732.35                 | $188759.10                                 |
| Month 2  | $16008.86                | $709157.78                                 |
| Month 3  | $4408.37                 | $209108.10                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Export-Import Bank of India                             | Export-Import Bank of India                                                  | CUSIP: 30216KAE2<br>LEI: 335800OFZ8YEIVN1QI11 | Long             | DBT              | NUSS              | IN        |    200000 | PA      | $188606.00    | 0.40%             | 2030-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                                 | Energean Israel Finance Ltd                                                  | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |     50000 | PA      | $46625.00     | 0.10%             | 2031-03-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Ivory Coast Government International Bonds              | Ivory Coast Government International Bonds                                   | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    200000 | PA      | $197152.00    | 0.41%             | 2037-01-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                      | CUSIP: 195325DT9<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $119200.00    | 0.25%             | 2051-05-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                  | Ukraine Government International Bonds                                       | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    200019 | PA      | $102509.74    | 0.21%             | 2035-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Bahrain Government International Bonds                  | Bahrain Government International Bonds                                       | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    200000 | PA      | $210026.00    | 0.44%             | 2030-05-14      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                | Sri Lanka Government International Bonds                                     | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |     38088 | PA      | $31851.09     | 0.07%             | 2036-05-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT                                   | Freeport Indonesia PT                                                        | CUSIP: 000000000<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $201000.00    | 0.42%             | 2032-04-14      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bonds                  | Hungary Government International Bonds                                       | CUSIP: 445545AF3<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     40000 | PA      | $45687.60     | 0.10%             | 2041-03-29      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds                    | Chile Government International Bonds                                         | CUSIP: 168863DW5<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    200000 | PA      | $152800.00    | 0.32%             | 2052-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                  | Romania Government International Bonds                                       | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    100000 | PA      | $94600.00     | 0.20%             | 2035-03-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                                   | Melco Resorts Finance Ltd                                                    | CUSIP: 000000000<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $205250.00    | 0.43%             | 2032-04-17      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| SUZANO AUSTRIA GMBH                                     | Suzano Austria GmbH                                                          | CUSIP: 86964WAH5<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |    200000 | PA      | $198546.00    | 0.42%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Peru Government International Bonds                     | Peru Government International Bonds                                          | CUSIP: 715638DS8<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     50000 | PA      | $37262.50     | 0.08%             | 2041-03-11      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| AMIPEACE LTD                                            | Amipeace Ltd                                                                 | CUSIP: 000000000<br>LEI: 549300Z8IOSIIKWF5763 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $181872.00    | 0.38%             | 2030-10-22      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds       | Argentina Republic Government International Bonds                            | CUSIP: 040114HU7<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    225000 | PA      | $156950.26    | 0.33%             | 2038-01-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bonds                                       | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    200000 | PA      | $205500.00    | 0.43%             | 2031-01-21      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| China Government International Bonds                    | China Government International Bonds                                         | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $179512.00    | 0.38%             | 2031-10-26      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                        | CUSIP: 105756BY5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    200000 | PA      | $162800.00    | 0.34%             | 2047-02-21      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| TSMC ARIZONA CORP                                       | TSMC Arizona Corp                                                            | CUSIP: 872898AD3<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |    200000 | PA      | $156568.00    | 0.33%             | 2041-10-25      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                      | CUSIP: 195325BM6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $167400.00    | 0.35%             | 2041-01-18      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                       | Lebanon Government International Bond                                        | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    150000 | PA      | $27750.00     | 0.06%             | 2030-02-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WOORI BANK                                              | Woori Bank                                                                   | CUSIP: 98105GAM4<br>LEI: 549300VUVMRL6RE7R376 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $202238.00    | 0.42%             | 2028-01-26      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds       | Republic of Poland Government International Bonds                            | CUSIP: 857524AF9<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    100000 | PA      | $102117.00    | 0.21%             | 2030-02-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CK HUTCHISON INTL 19 II                                 | CK Hutchison International 19 II Ltd                                         | CUSIP: 000000000<br>LEI: 2549000ZHWNMHC09DR77 | Long             | DBT              | CORP              | KY        |    300000 | PA      | $280335.00    | 0.59%             | 2029-09-06      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                      | CUSIP: 195325EF8<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $210400.00    | 0.44%             | 2033-04-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Gaci First Investment Co.                               | Gaci First Investment Co.                                                    | CUSIP: 000000000<br>LEI: 558600TU1PWGNLZ3XM88 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $204250.00    | 0.43%             | 2032-10-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                    | Petronas Capital Ltd                                                         | CUSIP: 000000000<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    200000 | PA      | $170301.00    | 0.36%             | 2050-04-21      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Pertamina Persero PT                                    | Pertamina Persero PT                                                         | CUSIP: 000000000<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $191450.00    | 0.40%             | 2043-05-20      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                          | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    100000 | PA      | $84380.00     | 0.18%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| State of Qatar                                          | Qatar Government International Bond                                          | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |    200000 | PA      | $190953.26    | 0.40%             | 2048-04-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| MEGLOBAL BV                                             | MEGlobal BV                                                                  | CUSIP: 000000000<br>LEI: 549300WBVLU2FILR7W19 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $188836.00    | 0.40%             | 2028-04-28      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                                 | CUSIP: 279158AN9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    100000 | PA      | $100130.00    | 0.21%             | 2030-04-29      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds                | Indonesia Government International Bonds                                     | CUSIP: 455780DQ6<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $201500.00    | 0.42%             | 2028-01-11      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Oriental Republic of Uruguay                            | Oriental Republic of Uruguay                                                 | CUSIP: 760942BG6<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     85000 | PA      | $76627.50     | 0.16%             | 2060-09-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Minejesa Capital BV                                     | Minejesa Capital BV                                                          | CUSIP: 000000000<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |    157880 | PA      | $156320.94    | 0.33%             | 2030-08-10      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AFRICAN EXPORT-IMPORT BA                                | African Export-Import Bank/The                                               | CUSIP: 000000000<br>LEI: 21380068LJCDYA42GJ76 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $183500.00    | 0.38%             | 2029-09-21      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds       | Republic of Poland Government International Bonds                            | CUSIP: 731011AV4<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    100000 | PA      | $99450.00     | 0.21%             | 2033-10-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                  | Ukraine Government International Bonds                                       | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     21633 | PA      | $13196.13     | 0.03%             | 2029-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bonds                                       | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    200000 | PA      | $177376.00    | 0.37%             | 2038-02-23      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                    | Saudi Government International Bonds                                         | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    200000 | PA      | $208648.00    | 0.44%             | 2032-10-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KOREA ELECTRIC POWER CO                                 | Korea Electric Power Corp                                                    | CUSIP: 000000000<br>LEI: 988400QG33WS7JEIV602 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $200972.00    | 0.42%             | 2027-01-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                                  | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX | CUSIP: 000000000<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $192650.00    | 0.40%             | 2033-01-18      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                                | Greensaif Pipelines Bidco Sarl                                               | CUSIP: 000000000<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $209000.00    | 0.44%             | 2042-02-23      | Fixed         | 6.51%                 | No            |                  2 | On Loan: No      |
| DBS GROUP HOLDINGS LTD                                  | DBS Group Holdings Ltd                                                       | CUSIP: 24023LAF3<br>LEI: 5493007FKT78NKPM5V55 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $190528.00    | 0.40%             | 2027-03-15      | Fixed         | 1.19%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                        | CUSIP: 105756CC2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    200000 | PA      | $188400.00    | 0.39%             | 2030-06-12      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                                  | Millicom International Cellular SA                                           | CUSIP: 000000000<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $183200.00    | 0.38%             | 2031-04-27      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                                 | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    100000 | PA      | $104900.00    | 0.22%             | 2033-01-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                | Sri Lanka Government International Bonds                                     | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |     76208 | PA      | $63728.94     | 0.13%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                | Saudi Government International Bond                                          | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    200000 | PA      | $175076.84    | 0.37%             | 2049-04-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOC Aviation Ltd                                        | BOC Aviation Ltd                                                             | CUSIP: 09681MAE8<br>LEI: 254900H06V5RMEB3KE72 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $195974.00    | 0.41%             | 2027-09-18      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds                    | Chile Government International Bonds                                         | CUSIP: 168863DP0<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    200000 | PA      | $178800.00    | 0.37%             | 2031-01-31      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                  | Romania Government International Bonds                                       | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    150000 | PA      | $150529.62    | 0.32%             | 2027-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ecopetrol SA                                            | Ecopetrol SA                                                                 | CUSIP: 279158AJ8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    100000 | PA      | $70887.00     | 0.15%             | 2045-05-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                    | Saudi Government International Bonds                                         | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    200000 | PA      | $137562.00    | 0.29%             | 2055-01-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                    | Saudi Arabian Oil Co                                                         | CUSIP: 000000000<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    200000 | PA      | $158386.00    | 0.33%             | 2049-04-16      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| QNB FINANCE LTD                                         | QNB Finance Ltd                                                              | CUSIP: 000000000<br>LEI: 549300MY0DXTHQEX5O57 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $202750.00    | 0.42%             | 2029-04-02      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds                | Indonesia Government International Bonds                                     | CUSIP: 455780CN4<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $150400.00    | 0.31%             | 2049-10-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                  | Ukraine Government International Bonds                                       | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     64114 | PA      | $24203.04     | 0.05%             | 2034-02-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                  | Standard Chartered PLC                                                       | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $206780.00    | 0.43%             | 2032-01-16      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Bahrain Government International Bonds                  | Bahrain Government International Bonds                                       | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    200000 | PA      | $186106.00    | 0.39%             | 2034-05-18      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Peru Government International Bonds                     | Peru Government International Bonds                                          | CUSIP: 715638BM3<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    200000 | PA      | $189000.00    | 0.40%             | 2050-11-18      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bonds                  | Hungary Government International Bonds                                       | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    200000 | PA      | $205746.00    | 0.43%             | 2052-09-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Uruguay Government International Bonds                  | Uruguay Government International Bonds                                       | CUSIP: 917288BK7<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    100000 | PA      | $99750.00     | 0.21%             | 2031-01-23      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| KOREA GAS CORP                                          | Korea Gas Corp                                                               | CUSIP: 50066CAT6<br>LEI: 988400TFZILHBD5M3R71 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $197722.00    | 0.41%             | 2027-07-13      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                               | Prosus NV                                                                    | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    300000 | PA      | $281531.25    | 0.59%             | 2032-01-19      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                         | Cemex SAB de CV                                                              | CUSIP: 000000000<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $184580.00    | 0.39%             | 2031-07-11      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                   | Mexico Government International Bonds                                        | CUSIP: 91087BAZ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $196800.00    | 0.41%             | 2036-05-07      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds       | Republic of Poland Government International Bonds                            | CUSIP: 857524AD4<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     70000 | PA      | $72091.60     | 0.15%             | 2027-11-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                  | Romania Government International Bonds                                       | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    100000 | PA      | $87344.00     | 0.18%             | 2032-03-27      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                                     | Ecuador Government International Bond                                        | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     25000 | PA      | $17925.00     | 0.04%             | 2030-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                   | Panama Government International Bonds                                        | CUSIP: 698299BH6<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $136650.00    | 0.29%             | 2050-04-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Southern Copper Corp                                    | Southern Copper Corp                                                         | CUSIP: 84265VAE5<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |     50000 | PA      | $54513.00     | 0.11%             | 2040-04-16      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BlackRock Funds III                                     | BlackRock Cash Funds: Treasury, SL Agency Shares                             | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |    521200 | NS      | $521200.00    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                          | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    100000 | PA      | $95000.00     | 0.20%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| SA GLOBAL SUKUK LTD                                     | SA Global Sukuk Ltd                                                          | CUSIP: 000000000<br>LEI: 5493007DFAVKU7UOGR47 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $178800.00    | 0.37%             | 2031-06-17      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds                      | CUSIP: 836205AV6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $139500.00    | 0.29%             | 2046-10-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya Government International Bonds        | Republic of Kenya Government International Bonds                             | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    200000 | PA      | $206000.00    | 0.43%             | 2031-02-16      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                  | Ukraine Government International Bonds                                       | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     54181 | PA      | $25600.52     | 0.05%             | 2035-02-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Uruguay Government International Bonds                  | Uruguay Government International Bonds                                       | CUSIP: 760942BB7<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    110000 | PA      | $110275.00    | 0.23%             | 2027-10-27      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Jordan Government International Bonds                   | Jordan Government International Bonds                                        | CUSIP: 000000000<br>LEI: 5493000JZ4MYPVMBVN50 | Long             | DBT              | NUSS              | JO        |    200000 | PA      | $194288.00    | 0.41%             | 2030-07-07      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Uruguay Government International Bonds                  | Uruguay Government International Bonds                                       | CUSIP: 760942BD3<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    110000 | PA      | $96690.00     | 0.20%             | 2055-04-20      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| TSMC GLOBAL LTD                                         | TSMC Global Ltd                                                              | CUSIP: 000000000<br>LEI: 549300N2ZLI21P85T117 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $178240.00    | 0.37%             | 2031-04-23      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                    | Saudi Government International Bonds                                         | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    200000 | PA      | $196026.00    | 0.41%             | 2028-03-04      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                   | Mexico Government International Bonds                                        | CUSIP: 91087BAQ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $153552.00    | 0.32%             | 2041-08-14      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                                 | America Movil SAB de CV                                                      | CUSIP: 02364WBK0<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $197188.00    | 0.41%             | 2032-07-21      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                       | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    100000 | PA      | $100125.00    | 0.21%             | 2045-01-27      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Abu Dhabi Government International Bonds                | Abu Dhabi Government International Bonds                                     | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |    200000 | PA      | $175221.00    | 0.37%             | 2031-09-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                                     | Avianca Midco 2 PLC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    100000 | PA      | $94875.00     | 0.20%             | 2028-12-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                | Saudi Government International Bond                                          | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    200000 | PA      | $199276.00    | 0.42%             | 2029-04-16      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Peru Government International Bonds                     | Peru Government International Bonds                                          | CUSIP: 715638DT6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     50000 | PA      | $33755.00     | 0.07%             | 2051-03-10      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bonds                    | Ghana Government International Bonds                                         | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    179400 | PA      | $143890.01    | 0.30%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| INVERSIONES CMPC SA                                     | Inversiones CMPC SA                                                          | CUSIP: 000000000<br>LEI: 549300G475ACIABB4385 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $205700.00    | 0.43%             | 2034-02-26      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Peru Government International Bonds                     | Peru Government International Bonds                                          | CUSIP: 715638DF6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    200000 | PA      | $179700.50    | 0.38%             | 2031-01-23      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                                     | Braskem Netherlands Finance BV                                               | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $153000.00    | 0.32%             | 2028-01-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                       | CUSIP: 900123CY4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $191100.00    | 0.40%             | 2030-03-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Peru Government International Bonds                     | Peru Government International Bonds                                          | CUSIP: 715638EB4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    150000 | PA      | $149550.00    | 0.31%             | 2035-02-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds              | Philippines Government International Bonds                                   | CUSIP: 718286CK1<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    200000 | PA      | $170800.00    | 0.36%             | 2031-06-10      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                   | Mexico Government International Bonds                                        | CUSIP: 91087BAV2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $203175.16    | 0.43%             | 2035-02-09      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                   | Mexico Government International Bonds                                        | CUSIP: 91087BAR1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $167650.00    | 0.35%             | 2034-02-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS                                | First Abu Dhabi Bank PJSC                                                    | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $198126.00    | 0.41%             | 2026-04-05      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds       | Republic of Poland Government International Bonds                            | CUSIP: 731011AZ5<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    200000 | PA      | $186750.00    | 0.39%             | 2054-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                  | Romania Government International Bonds                                       | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    100000 | PA      | $64715.00     | 0.14%             | 2051-02-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STATE BANK INDIA/LONDON                                 | State Bank of India/London                                                   | CUSIP: 000000000<br>LEI: 5493001JZ37UBBZF6L49 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $200658.00    | 0.42%             | 2028-05-05      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD                                    | Tencent Holdings Ltd                                                         | CUSIP: 88032XBA1<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $184742.00    | 0.39%             | 2031-04-22      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                                  | Anglo American Capital PLC                                                   | CUSIP: 000000000<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $181312.00    | 0.38%             | 2031-03-17      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Uruguay Government International Bonds                  | Uruguay Government International Bonds                                       | CUSIP: 760942BA9<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    200000 | PA      | $183400.00    | 0.38%             | 2050-06-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Jamaica Government International Bonds                  | Jamaica Government International Bonds                                       | CUSIP: 470160AV4<br>LEI: 529900Y93KNSXZI8KK56 | Long             | DBT              | NUSS              | JM        |    200000 | PA      | $234835.00    | 0.49%             | 2039-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| TRANSMANTARO                                            | Consorcio Transmantaro SA                                                    | CUSIP: 000000000<br>LEI: 549300NL65DC6HVEJX96 | Long             | DBT              | CORP              | PE        |    200000 | PA      | $194000.00    | 0.41%             | 2034-04-16      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                      | CUSIP: 195325EA9<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $131000.00    | 0.27%             | 2042-02-22      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SEASPAN CORP                                            | Seaspan Corp                                                                 | CUSIP: 000000000<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |     50000 | PA      | $47431.00     | 0.10%             | 2029-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Finance Department Government of Sharjah                | Finance Department Government of Sharjah                                     | CUSIP: 000000000<br>LEI: 254900ZNL8O3F1CLJO24 | Long             | DBT              | NUSS              | AE        |    200000 | PA      | $129812.50    | 0.27%             | 2050-07-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                                | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                   | CUSIP: 46590XAY2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     87000 | PA      | $88889.90     | 0.19%             | 2033-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SAN MIGUEL GLOBAL POWER                                 | San Miguel Global Power Holdings Corp                                        | CUSIP: 000000000<br>LEI: 549300HBCE80QXKII590 | Long             | DBT              | CORP              | PH        |    200000 | PA      | $200000.00    | 0.42%             | 2029-06-12      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                                  | Anglo American Capital PLC                                                   | CUSIP: 000000000<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $147936.00    | 0.31%             | 2050-09-10      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                                | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                   | CUSIP: 46590XAP1<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    100000 | PA      | $87346.87     | 0.18%             | 2032-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance BV                             | Petrobras Global Finance BV                                                  | CUSIP: 71647NAN9<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $88940.00     | 0.19%             | 2115-06-05      | Fixed         | 6.85%                 | No            |                  2 | On Loan: —       |
| Argentina Republic Government International Bonds       | Argentina Republic Government International Bonds                            | CUSIP: 040114HW3<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     47727 | PA      | $30372.44     | 0.06%             | 2046-07-09      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                        | CUSIP: 105756BB5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    100000 | PA      | $114350.00    | 0.24%             | 2034-01-20      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                | First Quantum Minerals Ltd                                                   | CUSIP: 000000000<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $211250.00    | 0.44%             | 2029-03-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Corp. Nacional del Cobre de Chile                       | Corp. Nacional del Cobre de Chile                                            | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $155280.00    | 0.33%             | 2047-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                | Sri Lanka Government International Bonds                                     | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |     54880 | PA      | $38964.80     | 0.08%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| DP WORLD LTD UAE                                        | DP World Ltd/United Arab Emirates                                            | CUSIP: 000000000<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |    100000 | PA      | $111063.00    | 0.23%             | 2037-07-02      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD                                    | Tencent Holdings Ltd                                                         | CUSIP: 88032XBC7<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $152696.00    | 0.32%             | 2051-04-22      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                     | Oman Government International Bonds                                          | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    200000 | PA      | $209912.00    | 0.44%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds       | Argentina Republic Government International Bonds                            | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     40000 | PA      | $32353.07     | 0.07%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA                                    | Samarco Mineracao SA                                                         | CUSIP: 000000000<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |    115125 | PA      | $113829.84    | 0.24%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                  | Romania Government International Bonds                                       | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    100000 | PA      | $99800.10     | 0.21%             | 2034-01-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds                      | CUSIP: 836205BB9<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $149606.00    | 0.31%             | 2049-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                   | Panama Government International Bonds                                        | CUSIP: 698299BN3<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    300000 | PA      | $229800.00    | 0.48%             | 2032-09-29      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS                                  | Galaxy Pipeline Assets Bidco Ltd                                             | CUSIP: 000000000<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |    147430 | PA      | $131259.88    | 0.27%             | 2034-03-31      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                  | Ukraine Government International Bonds                                       | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     85392 | PA      | $43122.96     | 0.09%             | 2036-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Morocco Government International Bonds                  | Morocco Government International Bonds                                       | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    200000 | PA      | $211566.00    | 0.44%             | 2033-09-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                         | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    200000 | PA      | $178937.50    | 0.37%             | 2033-09-30      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| OOREDOO INTL FINANCE                                    | Ooredoo International Finance Ltd                                            | CUSIP: 000000000<br>LEI: 549300BHXCDJ03WU7N77 | Long             | DBT              | CORP              | BM        |    200000 | PA      | $177116.00    | 0.37%             | 2043-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                  | Standard Chartered PLC                                                       | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $208044.00    | 0.44%             | 2035-05-14      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| SASOL Financing USA LLC                                 | Sasol Financing USA LLC                                                      | CUSIP: 80386WAB1<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192550.00    | 0.40%             | 2028-09-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bonds                  | Ecuador Government International Bonds                                       | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    266821 | PA      | $198514.82    | 0.42%             | 2035-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                       | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    150000 | PA      | $130200.00    | 0.27%             | 2041-01-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                     | Oman Government International Bonds                                          | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    200000 | PA      | $208784.00    | 0.44%             | 2027-10-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Peru Government International Bonds                     | Peru Government International Bonds                                          | CUSIP: 715638DW9<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    100000 | PA      | $60675.00     | 0.13%             | 2072-01-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Abu Dhabi Government International Bonds                | Abu Dhabi Government International Bonds                                     | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |    200000 | PA      | $165876.00    | 0.35%             | 2047-10-11      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| UAE International Government Bonds                      | UAE International Government Bonds                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |    200000 | PA      | $197102.00    | 0.41%             | 2032-07-07      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Abu Dhabi Government International Bonds                | Abu Dhabi Government International Bonds                                     | CUSIP: 000000000<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |    200000 | PA      | $195939.00    | 0.41%             | 2027-10-11      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                       | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    150000 | PA      | $142631.25    | 0.30%             | 2049-06-05      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| POWER FINANCE CORP LTD                                  | Power Finance Corp Ltd                                                       | CUSIP: 73928RAB2<br>LEI: 3358003Q6D9LIJJZ1614 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $192902.00    | 0.40%             | 2030-04-23      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bonds                  | Ecuador Government International Bonds                                       | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    120000 | PA      | $74737.70     | 0.16%             | 2040-07-31      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| AEROPUERTO INTL TOCUMEN                                 | Aeropuerto Internacional de Tocumen SA                                       | CUSIP: 000000000<br>LEI: 254900FO1PHX49ZIGB14 | Long             | DBT              | CORP              | PA        |    200000 | PA      | $143364.00    | 0.30%             | 2061-08-11      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                | Sri Lanka Government International Bonds                                     | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |     81276 | PA      | $66443.13     | 0.14%             | 2033-03-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| FWD GROUP HOLDINGS LTD                                  | FWD Group Holdings Ltd                                                       | CUSIP: 000000000<br>LEI: 254900HEGGDS8WU5QZ97 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $221104.00    | 0.46%             | 2031-07-02      | Fixed         | 7.64%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                       | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    150000 | PA      | $143025.00    | 0.30%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COLBUN SA                                               | Colbun SA                                                                    | CUSIP: 000000000<br>LEI: 5493003VQJLE2QB8IF36 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $186126.00    | 0.39%             | 2030-03-06      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                       | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    150000 | PA      | $144187.50    | 0.30%             | 2048-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds       | Republic of Poland Government International Bonds                            | CUSIP: 731011AY8<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    100000 | PA      | $100430.00    | 0.21%             | 2034-09-18      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                       | CUSIP: 900123DF4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $218562.50    | 0.46%             | 2028-01-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                   | Panama Government International Bonds                                        | CUSIP: 698299BK9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $180400.00    | 0.38%             | 2030-01-23      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| CHINA CINDA 2020 I MNGMN                                | China Cinda 2020 I Management Ltd                                            | CUSIP: 000000000<br>LEI: 549300ZIBIB6Z9RSNU64 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $186392.00    | 0.39%             | 2030-03-18      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                  | Standard Chartered PLC                                                       | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $198027.34    | 0.41%             | 2031-04-01      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds       | Argentina Republic Government International Bonds                            | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    520000 | PA      | $341432.00    | 0.72%             | 2035-07-09      | Variable      | 4.13%                 | No            |                  2 | On Loan: —       |
| JSW STEEL LTD                                           | JSW Steel Ltd                                                                | CUSIP: 000000000<br>LEI: 335800EK6HZSC4CVAJ09 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $194449.30    | 0.41%             | 2027-04-05      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                     | Altice Financing SA                                                          | CUSIP: 000000000<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $160060.00    | 0.34%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                   | Brazil Government International Bonds                                        | CUSIP: 105756BR0<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    100000 | PA      | $89300.00     | 0.19%             | 2041-01-07      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Ecuador Government International Bonds                  | Ecuador Government International Bonds                                       | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    134725 | PA      | $117884.38    | 0.25%             | 2030-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Gaci First Investment Co.                               | Gaci First Investment Co.                                                    | CUSIP: 000000000<br>LEI: 558600TU1PWGNLZ3XM88 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $202084.00    | 0.42%             | 2029-01-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grupo Televisa SAB                                      | Grupo Televisa SAB                                                           | CUSIP: 40049JAZ0<br>LEI: 549300O4AF0C816ILN62 | Long             | DBT              | CORP              | MX        |     50000 | PA      | $46387.50     | 0.10%             | 2040-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                         | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    200000 | PA      | $167190.00    | 0.35%             | 2050-05-29      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                 | Teva Pharmaceutical Finance Netherlands III BV                               | CUSIP: 88167AAF8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $70405.00     | 0.15%             | 2046-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Enel Chile SA                                           | Enel Chile SA                                                                | CUSIP: 29278DAA3<br>LEI: 549300YM5CWCAUVOPB53 | Long             | DBT              | CORP              | CL        |    100000 | PA      | $100585.00    | 0.21%             | 2028-06-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                       | CUSIP: 900123DG2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $227562.50    | 0.48%             | 2033-01-19      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| CBB International Sukuk Programme Co. WLL               | CBB International Sukuk Programme Co. WLL                                    | CUSIP: 000000000<br>LEI: 5493006IRJ2IWXTNIM16 | Long             | DBT              | NUSS              | BH        |    200000 | PA      | $205225.00    | 0.43%             | 2030-10-18      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                 | Teva Pharmaceutical Finance Netherlands III BV                               | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     99000 | PA      | $96648.75     | 0.20%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                  | Romania Government International Bonds                                       | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    100000 | PA      | $87187.50     | 0.18%             | 2031-02-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                    | Petronas Capital Ltd                                                         | CUSIP: 000000000<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    200000 | PA      | $175182.00    | 0.37%             | 2032-01-28      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Kuwait International Government Bonds                   | Kuwait International Government Bonds                                        | CUSIP: 000000000<br>LEI: 549300FSC1YD0D9XX589 | Long             | DBT              | NUSS              | KW        |    200000 | PA      | $197250.00    | 0.41%             | 2027-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITED OVERSEAS BANK LTD                                | United Overseas Bank Ltd                                                     | CUSIP: 91127LAE0<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $193606.00    | 0.41%             | 2031-10-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                                       | Vedanta Resources Finance II PLC                                             | CUSIP: 000000000<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $208250.00    | 0.44%             | 2031-12-03      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds       | Argentina Republic Government International Bonds                            | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    344000 | PA      | $264383.20    | 0.55%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bonds                  | Hungary Government International Bonds                                       | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    200000 | PA      | $197423.00    | 0.41%             | 2034-06-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                | Sri Lanka Government International Bonds                                     | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |     38722 | PA      | $36786.01     | 0.08%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds              | Philippines Government International Bonds                                   | CUSIP: 718286BG1<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    100000 | PA      | $110200.00    | 0.23%             | 2034-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Qatar Government International Bonds                    | Qatar Government International Bonds                                         | CUSIP: 000000000<br>LEI: 52990074F6OJOAXK4P65 | Long             | DBT              | NUSS              | QA        |    100000 | PA      | $124219.00    | 0.26%             | 2030-06-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                          | CUSIP: 706451BG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     30000 | PA      | $26661.45     | 0.06%             | 2035-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| DIB SUKUK LTD                                           | DIB Sukuk Ltd                                                                | CUSIP: 000000000<br>LEI: 549300U3ZMUHC2JQLL56 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $200300.00    | 0.42%             | 2028-08-16      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                   | Panama Government International Bonds                                        | CUSIP: 698299BY9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $216375.00    | 0.45%             | 2038-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                    | Las Vegas Sands Corp                                                         | CUSIP: 517834AF4<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95384.57     | 0.20%             | 2029-08-08      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Peru Government International Bonds                     | Peru Government International Bonds                                          | CUSIP: 715638DU3<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    100000 | PA      | $83650.00     | 0.18%             | 2034-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| El Salvador Government International Bonds              | El Salvador Government International Bonds                                   | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    150000 | PA      | $158025.00    | 0.33%             | 2030-04-17      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                            | Ecopetrol SA                                                                 | CUSIP: 279158AP4<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    100000 | PA      | $86262.00     | 0.18%             | 2031-11-02      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                 | Colombia Government International Bonds                                      | CUSIP: 195325DP7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $191500.00    | 0.40%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                                      | Leviathan Bond Ltd                                                           | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |    100000 | PA      | $99375.00     | 0.21%             | 2027-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds                | Indonesia Government International Bonds                                     | CUSIP: 455780DR4<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $199500.00    | 0.42%             | 2033-01-11      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Bank Gospodarstwa Krajowego                             | Bank Gospodarstwa Krajowego                                                  | CUSIP: 000000000<br>LEI: 259400BCOV9JJIGLYF05 | Long             | DBT              | NUSS              | PL        |    200000 | PA      | $202516.00    | 0.42%             | 2033-05-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                          | CUSIP: 71654QCB6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    100000 | PA      | $100340.00    | 0.21%             | 2026-08-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| KASIKORNBANK PCL HK                                     | Kasikornbank PCL/Hong Kong                                                   | CUSIP: 000000000<br>LEI: 5493004COSQ54937AW41 | Long             | DBT              | CORP              | TH        |    200000 | PA      | $194926.00    | 0.41%             | 2031-10-02      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| Senegal Government International Bonds                  | Senegal Government International Bonds                                       | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |    200000 | PA      | $148688.00    | 0.31%             | 2033-05-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Nigeria Government International Bonds                  | Nigeria Government International Bonds                                       | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    200000 | PA      | $205188.00    | 0.43%             | 2029-03-24      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SAUDI ELECTRICITY SUKUK                                 | Saudi Electricity Sukuk Programme Co                                         | CUSIP: 000000000<br>LEI: 549300KZ4IZK3RMUO096 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $202104.00    | 0.42%             | 2034-02-13      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| ADANI PORTS AND SPECIAL                                 | Adani Ports & Special Economic Zone Ltd                                      | CUSIP: 000000000<br>LEI: 335800QOAXP5TM7OYP69 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $189810.00    | 0.40%             | 2029-07-03      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds       | Republic of Poland Government International Bonds                            | CUSIP: 731011AW2<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    130000 | PA      | $121582.50    | 0.25%             | 2053-04-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                                    | YPF SA                                                                       | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    150000 | PA      | $154828.13    | 0.32%             | 2029-06-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| COCA-COLA FEMSA SAB CV                                  | Coca-Cola Femsa SAB de CV                                                    | CUSIP: 191241AJ7<br>LEI: 5493008KEVFYPMGTXO33 | Long             | DBT              | CORP              | MX        |    150000 | PA      | $122007.00    | 0.26%             | 2032-09-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Republic of Poland Government International Bonds       | Republic of Poland Government International Bonds                            | CUSIP: 857524AE2<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     70000 | PA      | $73766.00     | 0.15%             | 2032-11-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Argentina Republic Government International Bonds       | Argentina Republic Government International Bonds                            | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    220000 | PA      | $133540.00    | 0.28%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Angola Government International Bonds                   | Angola Government International Bonds                                        | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    300000 | PA      | $272343.00    | 0.57%             | 2032-04-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                                 | Reliance Industries Ltd                                                      | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | DBT              | CORP              | IN        |    250000 | PA      | $222017.50    | 0.46%             | 2032-01-12      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| YAPI VE KREDI BANKASI AS                                | Yapi ve Kredi Bankasi AS                                                     | CUSIP: 000000000<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $209886.00    | 0.44%             | 2034-01-17      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds              | Philippines Government International Bonds                                   | CUSIP: 718286CG0<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    200000 | PA      | $196072.00    | 0.41%             | 2029-01-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CT TRUST                                                | CT Trust                                                                     | CUSIP: 000000000<br>LEI: 213800MJB7WO427HQD34 | Long             | DBT              | CORP              | GT        |    200000 | PA      | $187250.00    | 0.39%             | 2032-02-03      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Bahrain Government International Bonds                  | Bahrain Government International Bonds                                       | CUSIP: 000000000<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    200000 | PA      | $192824.00    | 0.40%             | 2031-09-30      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| POSCO                                                   | POSCO                                                                        | CUSIP: 000000000<br>LEI: 9884000N94NH7G6LQ816 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $204700.00    | 0.43%             | 2028-01-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MTR CORP LTD                                            | MTR Corp Ltd                                                                 | CUSIP: 000000000<br>LEI: 254900IH4U9NHH9AQM97 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $203688.00    | 0.43%             | 2035-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TURKIYE VAKIFLAR BANKASI                                | Turkiye Vakiflar Bankasi TAO                                                 | CUSIP: 000000000<br>LEI: 789000KAIHOLSQKQ9858 | Long             | DBT              | CORP              | TR        |    200000 | PA      | $208000.00    | 0.44%             | 2034-10-05      | Fixed         | 8.99%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds              | Philippines Government International Bonds                                   | CUSIP: 718286CP0<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    200000 | PA      | $141500.00    | 0.30%             | 2046-07-06      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| IND & COMM BK OF CHINA                                  | Industrial & Commercial Bank of China Ltd                                    | CUSIP: 000000000<br>LEI: 5493002ERZU2K9PZDL40 | Long             | DBT              | CORP              | CN        |    200000 | PA      | $196472.00    | 0.41%             | 2026-09-24      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FUNDING ASIA                                 | Prudential Funding Asia PLC                                                  | CUSIP: 744330AA9<br>LEI: 2549005TNASWKLR0XC37 | Long             | DBT              | CORP              | GB        |     50000 | PA      | $47091.00     | 0.10%             | 2030-04-14      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Paraguay Government International Bonds                 | Paraguay Government International Bonds                                      | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    200000 | PA      | $198600.00    | 0.42%             | 2031-04-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AFRICA FINANCE CORP                                     | Africa Finance Corp                                                          | CUSIP: 000000000<br>LEI: 213800LXFHRRXIJRXW97 | Long             | DBT              | NUSS              | XX        |    200000 | PA      | $187626.00    | 0.39%             | 2029-10-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ITAU UNIBANCO HLDG SA/KY                                | Itau Unibanco Holding SA/Cayman Island                                       | CUSIP: 46556M2A9<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $198360.00    | 0.42%             | 2031-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                   | Mexico Government International Bonds                                        | CUSIP: 91086QBE7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     50000 | PA      | $44703.00     | 0.09%             | 2045-01-21      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| TSMC ARIZONA CORP                                       | TSMC Arizona Corp                                                            | CUSIP: 872898AF8<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297441.00    | 0.62%             | 2027-04-22      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                  | Standard Chartered PLC                                                       | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $207600.00    | 0.43%             | 2029-01-09      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                       | CUSIP: 900123CM0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $152850.00    | 0.32%             | 2047-05-11      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                       | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    150000 | PA      | $138613.11    | 0.29%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                  | Romania Government International Bonds                                       | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    100000 | PA      | $104480.00    | 0.22%             | 2053-01-17      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds                    | Chile Government International Bonds                                         | CUSIP: 168863DY1<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    200000 | PA      | $172450.00    | 0.36%             | 2042-03-07      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                | Saudi Government International Bond                                          | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    200000 | PA      | $196750.00    | 0.41%             | 2026-10-26      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds              | Philippines Government International Bonds                                   | CUSIP: 718286BZ9<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    200000 | PA      | $173100.00    | 0.36%             | 2040-01-20      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| OVERSEA-CHINESE BANKING                                 | Oversea-Chinese Banking Corp Ltd                                             | CUSIP: 000000000<br>LEI: 5493007O3QFXCPOGWK22 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $206300.00    | 0.43%             | 2034-05-21      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| OTP BANK NYRT                                           | OTP Bank Nyrt                                                                | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | DBT              | CORP              | HU        |    200000 | PA      | $207024.00    | 0.43%             | 2035-07-30      | Fixed         | 7.30%                 | 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        |   1510000 | NS      | $1510000.00   | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                       | CUSIP: 900123DK3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $207000.00    | 0.43%             | 2034-05-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| Saudi Government International Bonds                    | Saudi Government International Bonds                                         | CUSIP: 000000000<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    200000 | PA      | $166000.00    | 0.35%             | 2046-10-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AIA GROUP LTD                                           | AIA Group Ltd                                                                | CUSIP: 00131MAK9<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | DBT              | CORP              | HK        |    200000 | PA      | $152903.00    | 0.32%             | 2040-09-16      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| SINGTEL GROUP TREASURY                                  | SingTel Group Treasury Pte Ltd                                               | CUSIP: 000000000<br>LEI: 2549002FQJ4364A54N70 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $186050.00    | 0.39%             | 2029-08-28      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                                         | Sands China Ltd                                                              | CUSIP: 80007RAQ8<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |    300000 | PA      | $277598.31    | 0.58%             | 2029-03-08      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Petroleos del Peru SA                                   | Petroleos del Peru SA                                                        | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |    200000 | PA      | $159938.00    | 0.33%             | 2032-06-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CNOOC FINANCE 2013 LTD                                  | CNOOC Finance 2013 Ltd                                                       | CUSIP: 12625GAF1<br>LEI: 5493006KAH3PSSMCES09 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $189960.00    | 0.40%             | 2029-09-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Republic of Kazakhstan                                  | Kazakhstan Government International Bond                                     | CUSIP: 000000000<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |    200000 | PA      | $215520.00    | 0.45%             | 2045-07-21      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Bank Gospodarstwa Krajowego                             | Bank Gospodarstwa Krajowego                                                  | CUSIP: 000000000<br>LEI: 259400BCOV9JJIGLYF05 | Long             | DBT              | NUSS              | PL        |    200000 | PA      | $206886.00    | 0.43%             | 2034-07-09      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ISRAEL ELECTRIC CORP LTD                                | Israel Electric Corp Ltd                                                     | CUSIP: 000000000<br>LEI: 254900JW7GE35YNJGJ55 | Long             | DBT              | CORP              | IL        |    200000 | PA      | $180500.00    | 0.38%             | 2032-02-22      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                          | Wynn Macau Ltd                                                               | CUSIP: 000000000<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $197820.00    | 0.41%             | 2028-08-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SINOPEC GRP DEV 2018                                    | Sinopec Group Overseas Development 2018 Ltd                                  | CUSIP: 000000000<br>LEI: 549300C6OZZ8LTVR8209 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $187358.00    | 0.39%             | 2030-05-13      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LIMITED                                   | Vale Overseas Ltd                                                            | CUSIP: 91911TAS2<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |    100000 | PA      | $97600.00     | 0.20%             | 2054-06-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                                            | SK Hynix Inc                                                                 | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $207374.00    | 0.43%             | 2028-01-17      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| QatarEnergy                                             | QatarEnergy                                                                  | CUSIP: 000000000<br>LEI: 254900QTESJKJ3P87J26 | Long             | DBT              | CORP              | QA        |    200000 | PA      | $135750.00    | 0.28%             | 2051-07-12      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Egypt Government International Bonds                    | Egypt Government International Bonds                                         | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    200000 | PA      | $187938.00    | 0.39%             | 2032-05-29      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| SHINHAN BANK                                            | Shinhan Bank Co Ltd                                                          | CUSIP: 82460EAQ3<br>LEI: 5493003P813VL21KG928 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $193153.00    | 0.40%             | 2026-10-21      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                          | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $154300.00    | 0.32%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Perusahaan Penerbit SBSN Indonesia III                  | Perusahaan Penerbit SBSN Indonesia III                                       | CUSIP: 000000000<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $202500.00    | 0.42%             | 2034-07-02      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Republic of Kenya Government International Bonds        | Republic of Kenya Government International Bonds                             | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    200000 | PA      | $189862.00    | 0.40%             | 2032-05-22      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                   | Panama Government International Bonds                                        | CUSIP: 698299BL7<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $116400.00    | 0.24%             | 2060-07-23      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                       | Lebanon Government International Bond                                        | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    200000 | PA      | $37000.00     | 0.08%             | 2026-11-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pakistan Global Sukuk Programme Co. Ltd.                | Pakistan Global Sukuk Programme Co. Ltd.                                     | CUSIP: 000000000<br>LEI: 213800X5OY6CVYNY1M70 | Long             | DBT              | NUSS              | PK        |    200000 | PA      | $200200.00    | 0.42%             | 2029-01-31      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Romania Government International Bonds                  | Romania Government International Bonds                                       | CUSIP: 77586TAE6<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    100000 | PA      | $91790.00     | 0.19%             | 2044-01-22      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds                | Sri Lanka Government International Bonds                                     | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |     41436 | PA      | $37375.27     | 0.08%             | 2030-01-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                     | Petroleos Mexicanos                                                          | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    100000 | PA      | $105229.00    | 0.22%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                    | Petronas Capital Ltd                                                         | CUSIP: 000000000<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    200000 | PA      | $131036.00    | 0.27%             | 2061-04-28      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CFAMC II CO LTD                                         | CFAMC II Co Ltd                                                              | CUSIP: 000000000<br>LEI: 549300BHVD63HE2GHX17 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $199870.00    | 0.42%             | 2026-11-22      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MDGH GMTN RSC LTD                                       | MDGH GMTN RSC Ltd                                                            | CUSIP: 000000000<br>LEI: 213800WRY6FRL9IXLT77 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $209100.00    | 0.44%             | 2033-04-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Corp. Nacional del Cobre de Chile                       | Corp. Nacional del Cobre de Chile                                            | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $186444.00    | 0.39%             | 2030-01-14      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds                | Indonesia Government International Bonds                                     | CUSIP: 455780CS3<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $195000.00    | 0.41%             | 2030-10-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                       | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    100000 | PA      | $105425.00    | 0.22%             | 2044-04-30      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                  | Ukraine Government International Bonds                                       | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     45149 | PA      | $21332.90     | 0.04%             | 2036-02-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| ABU DHABI NATIONAL ENERG                                | Abu Dhabi National Energy Co PJSC                                            | CUSIP: 000000000<br>LEI: 213800UNJSVQFNUYYW03 | Long             | DBT              | CORP              | AE        |    100000 | PA      | $111480.00    | 0.23%             | 2036-10-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds | Republic of South Africa Government International Bonds                      | CUSIP: 836205BC7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    200000 | PA      | $195200.00    | 0.41%             | 2032-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BANCO DO BRASIL (CAYMAN)                                | Banco do Brasil SA/Cayman                                                    | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $204700.00    | 0.43%             | 2030-04-18      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                                     | Bangkok Bank PCL/Hong Kong                                                   | CUSIP: 000000000<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |    200000 | PA      | $186121.00    | 0.39%             | 2034-09-25      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds                  | Dominican Republic International Bonds                                       | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    200000 | PA      | $199700.08    | 0.42%             | 2029-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HAZINE MUSTESARLIGI VARL                                | Hazine Mustesarligi Varlik Kiralama AS                                       | CUSIP: 000000000<br>LEI: 6354003QFJP7RDXEOZ20 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $213625.00    | 0.45%             | 2029-01-14      | Fixed         | 8.51%                 | No            |                  2 | On Loan: No      |
| Uruguay Government International Bonds                  | Uruguay Government International Bonds                                       | CUSIP: 760942BH4<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     50000 | PA      | $51075.00     | 0.11%             | 2037-02-14      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Serbia International Bonds                              | Serbia International Bonds                                                   | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    200000 | PA      | $203562.00    | 0.43%             | 2034-06-12      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Gohl Capital Ltd                                        | Gohl Capital Ltd                                                             | CUSIP: 000000000<br>LEI: 254900TF7OK6KSDZA888 | Long             | DBT              | CORP              | IM        |    200000 | PA      | $198200.00    | 0.42%             | 2027-01-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                     | Oman Government International Bonds                                          | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    200000 | PA      | $214800.00    | 0.45%             | 2048-01-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Ghana Government International Bonds                    | Ghana Government International Bonds                                         | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    147600 | PA      | $139851.00    | 0.29%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Oman Government International Bonds                     | Oman Government International Bonds                                          | CUSIP: 000000000<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    300000 | PA      | $306474.69    | 0.64%             | 2028-01-17      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                   | Mexico Government International Bonds                                        | CUSIP: 91087BAL4<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $154600.00    | 0.32%             | 2051-04-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AXIATA SPV2 BHD                                         | Axiata SPV2 Bhd                                                              | CUSIP: 000000000<br>LEI: 254900P49KQFQ10AF282 | Long             | DBT              | CORP              | MY        |    200000 | PA      | $177584.00    | 0.37%             | 2030-08-19      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                 | Teva Pharmaceutical Finance Netherlands III BV                               | CUSIP: 88167AAQ4<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $199980.00    | 0.42%             | 2029-05-09      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO                                 | KazMunayGas National Co JSC                                                  | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |    200000 | PA      | $173977.58    | 0.36%             | 2033-04-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Ukraine Government International Bonds                  | Ukraine Government International Bonds                                       | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    107050 | PA      | $55130.75     | 0.12%             | 2034-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                | OCP SA                                                                       | CUSIP: 000000000<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    200000 | PA      | $195367.16    | 0.41%             | 2044-04-25      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CSN RESOURCES SA                                        | CSN Resources SA                                                             | CUSIP: 000000000<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $157900.00    | 0.33%             | 2031-06-10      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds              | Philippines Government International Bonds                                   | CUSIP: 718286CC9<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    200000 | PA      | $193625.00    | 0.41%             | 2028-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                                        | LG Energy Solution Ltd                                                       | CUSIP: 000000000<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $197894.00    | 0.41%             | 2034-07-02      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EMIRATES NBD BANK PJSC                                  | Emirates NBD Bank PJSC                                                       | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | DBT              | CORP              | AE        |    200000 | PA      | $208437.50    | 0.44%             | 2028-10-11      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Hungary Government International Bonds                  | Hungary Government International Bonds                                       | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    300000 | PA      | $302612.37    | 0.63%             | 2029-06-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Costa Rica Government International Bonds               | Costa Rica Government International Bonds                                    | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    200000 | PA      | $207465.06    | 0.43%             | 2054-11-13      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Turkiye Government International Bonds                  | Turkiye Government International Bonds                                       | CUSIP: 900123CL2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    200000 | PA      | $201650.00    | 0.42%             | 2027-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                                   | Alibaba Group Holding Ltd                                                    | CUSIP: 01609WAR3<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $192984.00    | 0.40%             | 2034-11-28      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                  | Egypt Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    200000 | PA      | $202200.00    | 0.42%             | 2029-03-01      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                     | Petroleos Mexicanos                                                          | CUSIP: 71654QBR2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    100000 | PA      | $75125.00     | 0.16%             | 2045-01-23      | Fixed         | 6.38%                 | 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