# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001752724-25-157908
**Filing Date:** 2025-6
**Character Count:** 69409
**Document Hash:** bf6b5ef1c62abd012f0bb5c6a15ad08e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-157908.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-157908

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**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:** 251076987

**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 Fallen Angels USD Bond ETF (Series ID: S000054186)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000170247 | iShares Fallen Angels USD Bond ETF | FALN            |

## 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 Fallen Angels USD Bond ETF

- **b. EDGAR series identifier (if any):** S000054186

- **c. LEI of Series:** 549300TGAA9LRLT3ZX42

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2368263627.05

**Total Liabilities:** $653895645.25

**Net Assets:** $1714367981.80

**Cash Not Reported:** $6695.98

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.29000000 | **1-Year:** 2039.60000000 | **5-Year:** 4542.01000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 51749.45000000 | **5-Year:** 345762.54000000 | **10-Year:** 248216.87000000 | **30-Year:** 168278.93000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000170247 | 0.45%                | -0.61%               | -1.27%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-261099.71              | $-1099683.87                               |
| Month 2  | $4500657.77              | $-28685885.47                              |
| Month 3  | $2237598.01              | $-44505804.72                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Liberty Interactive LLC                        | Liberty Interactive LLC                               | CUSIP: 530715AJ0<br>LEI: 549300SZUIU7Z32Q0664 | Long             | DBT              | CORP              | US        |  15791000 | PA      | $5900812.78   | 0.34%             | 2030-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| LUMEN TECHNOLOGIES INC                         | Lumen Technologies Inc                                | CUSIP: 156700AT3<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |   9202000 | PA      | $6686178.26   | 0.39%             | 2042-03-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| Safeway Inc                                    | Safeway Inc                                           | CUSIP: 786514BA6<br>LEI: 549300NKZ6VCN5P3K723 | Long             | DBT              | CORP              | US        |   8414000 | PA      | $8647490.01   | 0.50%             | 2031-02-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| VORNADO REALTY LP                              | Vornado Realty LP                                     | CUSIP: 929043AL1<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              |  | US        |  11273000 | PA      | $9599741.17   | 0.56%             | 2031-06-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                        | Nissan Motor Acceptance Co LLC                        | CUSIP: 65480CAH8<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   1860000 | PA      | $1802423.01   | 0.11%             | 2029-09-13      | Fixed         | 5.55%                 | No            |                  2 | On Loan: —       |
| SERVICE PROPERTIES TRUST                       | Service Properties Trust                              | CUSIP: 44106MAW2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |  11393000 | PA      | $10830327.64  | 0.63%             | 2027-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| Nordstrom Inc                                  | Nordstrom Inc                                         | CUSIP: 655664AR1<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |  23039000 | PA      | $16149369.06  | 0.94%             | 2044-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| EMBARQ CORP                                    | Embarq LLC                                            | CUSIP: 29078EAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  37981000 | PA      | $17099837.72  | 1.00%             | 2036-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| HUDSON PACIFIC PROPERTIE                       | Hudson Pacific Properties LP                          | CUSIP: 44409MAA4<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |  12327000 | PA      | $10705683.19  | 0.62%             | 2027-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: —       |
| MACY'S RETAIL HLDGS LLC                        | Macy's Retail Holdings LLC                            | CUSIP: 55617LAL6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5787000 | PA      | $4849639.10   | 0.28%             | 2034-07-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: —       |
| US CELLULAR CORP                               | United States Cellular Corp                           | CUSIP: 911684AD0<br>LEI: 549300B164AZXESI6E03 | Long             | DBT              | CORP              | US        |  16842000 | PA      | $18230387.45  | 1.06%             | 2033-12-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: —       |
| Yum! Brands Inc                                | Yum! Brands Inc                                       | CUSIP: 988498AD3<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |  10309000 | PA      | $10716444.98  | 0.63%             | 2037-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PROSPECT CAPITAL CORP                          | Prospect Capital Corp                                 | CUSIP: 74348TAW2<br>LEI: 549300FSD8T39P5Q0O47 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $7868691.00   | 0.46%             | 2028-10-15      | Fixed         | 3.44%                 | No            |                  2 | On Loan: —       |
| XEROX CORPORATION                              | Xerox Corp                                            | CUSIP: 984121CL5<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |   7887000 | PA      | $3369525.94   | 0.20%             | 2035-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| VF CORP                                        | VF Corp                                               | CUSIP: 918204BC1<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |  23479000 | PA      | $19309379.65  | 1.13%             | 2030-04-23      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| VF CORP                                        | VF Corp                                               | CUSIP: 918204AT5<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |   8979000 | PA      | $7500023.84   | 0.44%             | 2037-11-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: —       |
| UniCredit SpA                                  | UniCredit SpA                                         | CUSIP: 904678AQ2<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |  25796000 | PA      | $26971926.40  | 1.57%             | 2034-04-02      | Fixed         | 7.30%                 | No            |                  2 | On Loan: —       |
| WALGREENS BOOTS ALLIANCE                       | Walgreens Boots Alliance Inc                          | CUSIP: 931427AQ1<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |  18650000 | PA      | $18216424.43  | 1.06%             | 2026-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Methanex Corp                                  | Methanex Corp                                         | CUSIP: 59151KAJ7<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |   9696000 | PA      | $7432800.02   | 0.43%             | 2044-12-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: —       |
| WALGREENS BOOTS ALLIANCE                       | Walgreens Boots Alliance Inc                          | CUSIP: 931427AC2<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |   8739000 | PA      | $8072821.22   | 0.47%             | 2044-11-18      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| ADVANCE AUTO PARTS                             | Advance Auto Parts Inc                                | CUSIP: 00751YAF3<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |  10825000 | PA      | $9731472.46   | 0.57%             | 2027-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                              | CUSIP: 15089QAW4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   7513000 | PA      | $7589351.31   | 0.44%             | 2028-11-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                       | Walgreens Boots Alliance Inc                          | CUSIP: 931427AB4<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |   4041000 | PA      | $3804096.21   | 0.22%             | 2034-11-18      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| UNITED AIR 2016-2 A PTT                        | United Airlines 2016-2 Class A Pass Through Trust     | CUSIP: 90932DAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5512203 | PA      | $5059904.64   | 0.30%             | 2028-10-07      | Fixed         | 3.10%                 | No            |                  2 | On Loan: —       |
| KOHL'S CORPORATION                             | Kohl's Corp                                           | CUSIP: 500255AX2<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |  15653000 | PA      | $9801916.90   | 0.57%             | 2031-05-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| QVC Inc                                        | QVC Inc                                               | CUSIP: 747262AM5<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |   9502000 | PA      | $4305174.33   | 0.25%             | 2043-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| Bath & Body Works Inc                          | Bath & Body Works Inc                                 | CUSIP: 532716AK3<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   8943000 | PA      | $8856024.50   | 0.52%             | 2033-03-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: —       |
| WALGREENS BOOTS ALLIANCE                       | Walgreens Boots Alliance Inc                          | CUSIP: 931427AR9<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |   3963000 | PA      | $3594975.81   | 0.21%             | 2046-06-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: —       |
| ROCKIES EXPRESS PIPELINE                       | Rockies Express Pipeline LLC                          | CUSIP: 77340RAD9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |   7925000 | PA      | $7779789.59   | 0.45%             | 2038-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| Belo Corp                                      | Belo Corp                                             | CUSIP: 080555AE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6391000 | PA      | $6586312.16   | 0.38%             | 2027-06-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| Sealed Air Corp                                | Sealed Air Corp                                       | CUSIP: 81211KAK6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |  14085000 | PA      | $14621849.92  | 0.85%             | 2033-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| MACY'S RETAIL HLDGS LLC                        | Macy's Retail Holdings LLC                            | CUSIP: 55616XAG2<br>LEI: 549300JMONK27O4SQQ19 | Long             | DBT              | CORP              | US        |   7877000 | PA      | $5166585.43   | 0.30%             | 2042-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| Steelcase Inc                                  | Steelcase Inc                                         | CUSIP: 858155AE4<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | DBT              | CORP              | US        |  14103000 | PA      | $13410724.49  | 0.78%             | 2029-01-18      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| OFFICE PROP INCOME TRUST                       | OFFICE PROP INCOME TRUST                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87228 | NS      | $35763.48     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                        | Nissan Motor Acceptance Co LLC                        | CUSIP: 65480CAD7<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   2181000 | PA      | $1927226.54   | 0.11%             | 2028-09-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION                             | Kohl's Corp                                           | CUSIP: 500255AV6<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |  13353000 | PA      | $6347014.86   | 0.37%             | 2045-07-17      | Fixed         | 5.55%                 | No            |                  2 | On Loan: —       |
| ROCKIES EXPRESS PIPELINE                       | Rockies Express Pipeline LLC                          | CUSIP: 77340RAT4<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |  11110000 | PA      | $10408220.74  | 0.61%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc                              | Newell Brands Inc                                     | CUSIP: 651229AX4<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |  11125000 | PA      | $9687173.07   | 0.57%             | 2036-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| Seagate HDD Cayman                             | Seagate HDD Cayman                                    | CUSIP: 81180WAR2<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |  15226000 | PA      | $15067545.76  | 0.88%             | 2027-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| Bath & Body Works Inc                          | Bath & Body Works Inc                                 | CUSIP: 532716AN7<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   6260000 | PA      | $6179500.22   | 0.36%             | 2037-07-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: —       |
| NISSAN MOTOR CO                                | Nissan Motor Co Ltd                                   | CUSIP: 654744AD3<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |  15725000 | PA      | $14527478.66  | 0.85%             | 2030-09-17      | Fixed         | 4.81%                 | No            |                  2 | On Loan: —       |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                              | CUSIP: 15089QAN4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   5645000 | PA      | $5694811.82   | 0.33%             | 2029-07-15      | Fixed         | 6.58%                 | No            |                  2 | On Loan: —       |
| Buckeye Partners LP                            | Buckeye Partners LP                                   | CUSIP: 118230AQ4<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |  18073000 | PA      | $17619599.22  | 1.03%             | 2026-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Pactiv LLC                                     | Pactiv LLC                                            | CUSIP: 880394AE1<br>LEI: 549300O4WTC6DL4JIE57 | Long             | DBT              | CORP              | US        |    331000 | PA      | $358284.81    | 0.02%             | 2027-04-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Group Inc                       | Liberty Mutual Group Inc                              | CUSIP: 53079EAN4<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |  13976000 | PA      | $15657134.75  | 0.91%             | 2037-03-15      | Fixed         | 7.80%                 | No            |                  2 | On Loan: —       |
| CRANE NXT CO                                   | Crane NXT Co                                          | CUSIP: 224399AP0<br>LEI: 549300EXNPSXEWUD3N21 | Long             | DBT              | CORP              | US        |   4953000 | PA      | $4996499.18   | 0.29%             | 2036-11-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: —       |
| Crown Cork & Seal Co Inc                       | Crown Cork & Seal Co Inc                              | CUSIP: 228255AH8<br>LEI: 7HLDMDH0ZXNUH6PT7Z42 | Long             | DBT              | CORP              | US        |  11235000 | PA      | $11546086.03  | 0.67%             | 2026-12-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| Genworth Holdings Inc                          | Genworth Holdings Inc                                 | CUSIP: 37247DAB2<br>LEI: PXDECZED7L8SRUP41R09 | Long             | DBT              | CORP              | US        |   7873000 | PA      | $7395053.79   | 0.43%             | 2034-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Western Digital Corp                           | Western Digital Corp                                  | CUSIP: 958102AM7<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198532.72    | 0.01%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                        | Nissan Motor Acceptance Co LLC                        | CUSIP: 65480CAE5<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2017258.56   | 0.12%             | 2026-09-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: —       |
| VALLEY NATIONAL BANCORP                        | Valley National Bancorp                               | CUSIP: 919794AE7<br>LEI: 549300ET52S1UBIB9762 | Long             | DBT              | CORP              | US        |   9522000 | PA      | $8647485.90   | 0.50%             | 2031-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: —       |
| UniCredit SpA                                  | UniCredit SpA                                         | CUSIP: 904678AF6<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |  20343000 | PA      | $20404022.90  | 1.19%             | 2032-06-19      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                       | Brandywine Operating Partnership LP                   | CUSIP: 105340AR4<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |  10855000 | PA      | $11218125.48  | 0.65%             | 2028-03-15      | Fixed         | 8.30%                 | No            |                  2 | On Loan: —       |
| TELECOM ITALIA CAPITAL                         | Telecom Italia Capital SA                             | CUSIP: 87927VAF5<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |  12483000 | PA      | $12485969.58  | 0.73%             | 2033-11-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| RESORTS WORLD/RWLV CAP                         | Resorts World Las Vegas LLC / RWLV Capital Inc        | CUSIP: 76120HAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11226000 | PA      | $8992841.91   | 0.52%             | 2031-04-06      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| SERVICE PROPERTIES TRUST                       | Service Properties Trust                              | CUSIP: 44106MAY8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |  11319000 | PA      | $8445070.58   | 0.49%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| XEROX CORPORATION                              | Xerox Corp                                            | CUSIP: 984121CB7<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |  11045000 | PA      | $4808450.58   | 0.28%             | 2039-12-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| ADVANCE AUTO PARTS                             | Advance Auto Parts Inc                                | CUSIP: 00751YAE6<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |  15407000 | PA      | $13859647.72  | 0.81%             | 2030-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: —       |
| Newell Brands Inc                              | Newell Brands Inc                                     | CUSIP: 651229AW6<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |  16000000 | PA      | $15800853.92  | 0.92%             | 2026-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: —       |
| ROCKIES EXPRESS PIPELINE                       | Rockies Express Pipeline LLC                          | CUSIP: 77340RAR8<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |  16780000 | PA      | $16050085.77  | 0.94%             | 2029-07-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| BlackRock Funds III                            | BlackRock Cash Funds: Institutional, SL Agency Shares | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        | 325987037 | NS      | $326117431.38 | 19.02%            |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS NORTH AM                        | United Rentals North America Inc                      | CUSIP: 911365BM5<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |  23055000 | PA      | $22263634.82  | 1.30%             | 2027-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL                         | Telecom Italia Capital SA                             | CUSIP: 87927VAV0<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |  12472000 | PA      | $13006378.18  | 0.76%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| PROSPECT CAPITAL CORP                          | Prospect Capital Corp                                 | CUSIP: 74348TAV4<br>LEI: 549300FSD8T39P5Q0O47 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8428974.57   | 0.49%             | 2026-11-15      | Fixed         | 3.36%                 | No            |                  2 | On Loan: —       |
| CARNIVAL CORP                                  | Carnival Corp                                         | CUSIP: 143658AH5<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   6369000 | PA      | $6489011.83   | 0.38%             | 2028-01-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: —       |
| NORDSTROM INC                                  | Nordstrom Inc                                         | CUSIP: 655664AY6<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |  10215000 | PA      | $8699067.54   | 0.51%             | 2031-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PROVIDENT FINANCING TR I                       | Provident Financing Trust I                           | CUSIP: 743863AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6406000 | PA      | $6768108.95   | 0.39%             | 2038-03-15      | Fixed         | 7.41%                 | No            |                  2 | On Loan: —       |
| Fluor Corp                                     | Fluor Corp                                            | CUSIP: 343412AF9<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | DBT              | CORP              | US        |  18644000 | PA      | $18058524.33  | 1.05%             | 2028-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| BRANDYWINE OPER PARTNERS                       | Brandywine Operating Partnership LP                   | CUSIP: 105340AP8<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |  10826000 | PA      | $9878800.57   | 0.58%             | 2029-10-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: —       |
| ALCOA NEDERLAND HOLDING                        | Alcoa Nederland Holding BV                            | CUSIP: 013822AG6<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |  15327000 | PA      | $14238891.06  | 0.83%             | 2029-03-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| SERVICE PROPERTIES TRUST                       | Service Properties Trust                              | CUSIP: 44106MBA9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |  12748000 | PA      | $12349647.82  | 0.72%             | 2026-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| GOODYEAR TIRE & RUBBER                         | Goodyear Tire & Rubber Co/The                         | CUSIP: 382550AD3<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   4917000 | PA      | $4978061.81   | 0.29%             | 2028-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| TRAVEL + LEISURE CO                            | Travel + Leisure Co                                   | CUSIP: 98310WAN8<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |  12580000 | PA      | $12649558.09  | 0.74%             | 2027-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Navient Corp                                   | Navient Corp                                          | CUSIP: 78442FAZ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |  18579000 | PA      | $15917411.10  | 0.93%             | 2033-08-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| ROCKIES EXPRESS PIPELINE                       | Rockies Express Pipeline LLC                          | CUSIP: 77340RAM9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |  15643000 | PA      | $14763183.09  | 0.86%             | 2040-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                | Nissan Motor Co Ltd                                   | CUSIP: 654744AC5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |  12068000 | PA      | $11623961.44  | 0.68%             | 2027-09-17      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                       | Walgreens Boots Alliance Inc                          | CUSIP: 931427AT5<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |   8470000 | PA      | $7399377.94   | 0.43%             | 2050-04-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: —       |
| ADVANCE AUTO PARTS                             | Advance Auto Parts Inc                                | CUSIP: 00751YAG1<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |  10825000 | PA      | $9042019.34   | 0.53%             | 2032-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                              | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7517096.85   | 0.44%             | 2033-11-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: —       |
| NORDSTROM INC                                  | Nordstrom Inc                                         | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |  11918000 | PA      | $10567712.05  | 0.62%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| RESORTS WORLD/RWLV CAP                         | Resorts World Las Vegas LLC / RWLV Capital Inc        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  30940000 | PA      | $26756017.52  | 1.56%             | 2029-04-16      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION INSURC INC                       | Constellation Insurance Inc                           | CUSIP: 67740QAH9<br>LEI: 549300K609B872PZT291 | Long             | DBT              | CORP              | US        |  13435000 | PA      | $13028809.43  | 0.76%             | 2030-01-24      | Fixed         | 6.80%                 | No            |                  2 | On Loan: —       |
| Transocean Inc                                 | Transocean Inc                                        | CUSIP: 893830AZ2<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |   5743000 | PA      | $4123583.17   | 0.24%             | 2041-12-15      | Fixed         | 9.35%                 | No            |                  2 | On Loan: —       |
| FRONTIER FLORIDA LLC                           | Frontier Florida LLC                                  | CUSIP: 362333AH9<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |   9495000 | PA      | $9719872.55   | 0.57%             | 2028-02-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: —       |
| Nordstrom Inc                                  | Nordstrom Inc                                         | CUSIP: 655664AS9<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |   8327000 | PA      | $7954240.43   | 0.46%             | 2027-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| Under Armour Inc                               | Under Armour Inc                                      | CUSIP: 904311AA5<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |  18215000 | PA      | $17666442.89  | 1.03%             | 2026-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| Bombardier Inc                                 | Bombardier Inc                                        | CUSIP: 097751AL5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |  15774000 | PA      | $16563944.25  | 0.97%             | 2034-05-01      | Fixed         | 7.45%                 | No            |                  2 | On Loan: —       |
| Global Marine Inc                              | Global Marine Inc                                     | CUSIP: 379352AL1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8300000 | PA      | $7120027.01   | 0.42%             | 2028-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| XPO CNW Inc                                    | XPO CNW Inc                                           | CUSIP: 12612WAB0<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |   9492000 | PA      | $9660750.96   | 0.56%             | 2034-05-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp                          | Tenet Healthcare Corp                                 | CUSIP: 88033GAV2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |  11273000 | PA      | $11577546.07  | 0.68%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| GFL ENVIRONMENTAL INC                          | GFL Environmental Inc                                 | CUSIP: 36168QAQ7<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |   8143000 | PA      | $8479562.89   | 0.49%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Liberty Interactive LLC                        | Liberty Interactive LLC                               | CUSIP: 530715AD3<br>LEI: 549300SZUIU7Z32Q0664 | Long             | DBT              | CORP              | US        |   9132000 | PA      | $3520725.98   | 0.21%             | 2029-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| DRESDNER FNDG TRUST I                          | Dresdner Funding Trust I                              | CUSIP: 26156FAA1<br>LEI: 549300ZEO4BKB37E3J03 | Long             | DBT              | CORP              | US        |  30919000 | PA      | $33582219.81  | 1.96%             | 2031-06-30      | Fixed         | 8.15%                 | No            |                  2 | On Loan: —       |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                              | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |  10948000 | PA      | $11033479.47  | 0.64%             | 2027-07-15      | Fixed         | 6.42%                 | No            |                  2 | On Loan: —       |
| SEAGATE HDD CAYMAN                             | Seagate HDD Cayman                                    | CUSIP: 81180WBD2<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |   8225000 | PA      | $7514717.38   | 0.44%             | 2031-01-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| BRANDYWINE OPER PARTNERS                       | Brandywine Operating Partnership LP                   | CUSIP: 105340AQ6<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |  14077000 | PA      | $13265744.88  | 0.77%             | 2027-11-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: —       |
| TOLEDO HOSPITAL/THE                            | Toledo Hospital/The                                   | CUSIP: 889184AA5<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |   8652000 | PA      | $6535123.55   | 0.38%             | 2045-11-15      | Fixed         | 4.98%                 | No            |                  2 | On Loan: —       |
| TELECOM ITALIA CAPITAL                         | Telecom Italia Capital SA                             | CUSIP: 87927VAR9<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |  12498000 | PA      | $12806836.83  | 0.75%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                        | Nissan Motor Acceptance Co LLC                        | CUSIP: 65480CAG0<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2450752.18   | 0.14%             | 2027-09-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: —       |
| HUDSON PACIFIC PROPERTIE                       | Hudson Pacific Properties LP                          | CUSIP: 44409MAB2<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              | CORP              | US        |  15437000 | PA      | $11054800.48  | 0.64%             | 2029-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: —       |
| Transocean Inc                                 | Transocean Inc                                        | CUSIP: 893830AT6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |  18789000 | PA      | $11566494.87  | 0.67%             | 2038-03-15      | Fixed         | 6.80%                 | No            |                  2 | On Loan: —       |
| SEAGATE HDD CAYMAN                             | Seagate HDD Cayman                                    | CUSIP: 81180WBC4<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |  14754000 | PA      | $14009002.52  | 0.82%             | 2029-06-01      | Fixed         | 4.09%                 | No            |                  2 | On Loan: —       |
| Buckeye Partners LP                            | Buckeye Partners LP                                   | CUSIP: 118230AP6<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |   9327000 | PA      | $7641868.62   | 0.45%             | 2044-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| VF CORP                                        | VF Corp                                               | CUSIP: 918204BB3<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |  15218000 | PA      | $14121113.34  | 0.82%             | 2027-04-23      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Belo Corp                                      | Belo Corp                                             | CUSIP: 080555AF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7666000 | PA      | $7867255.19   | 0.46%             | 2027-09-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| ROGERS COMMUNICATIONS IN                       | Rogers Communications Inc                             | CUSIP: 775109BS9<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |  23123000 | PA      | $22532630.50  | 1.31%             | 2082-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Cleveland-Cliffs Inc                           | Cleveland-Cliffs Inc                                  | CUSIP: 18683KAC5<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   7488000 | PA      | $5911419.42   | 0.34%             | 2040-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| NISSAN MOTOR ACCEPTANCE                        | Nissan Motor Acceptance Co LLC                        | CUSIP: 654740BT5<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   3755000 | PA      | $3428346.35   | 0.20%             | 2028-03-09      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| TOPAZ SOLAR FARMS LLC                          | Topaz Solar Farms LLC                                 | CUSIP: 89054XAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15599574 | PA      | $14581015.73  | 0.85%             | 2039-09-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| NISSAN MOTOR ACCEPTANCE                        | Nissan Motor Acceptance Co LLC                        | CUSIP: 65480CAC9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   6125000 | PA      | $5801309.19   | 0.34%             | 2026-09-16      | Fixed         | 1.85%                 | No            |                  2 | On Loan: —       |
| HUDSON PACIFIC PROPERTIE                       | Hudson Pacific Properties LP                          | CUSIP: 44409MAC0<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |  12371000 | PA      | $8191860.33   | 0.48%             | 2030-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| Murphy Oil Corp                                | Murphy Oil Corp                                       | CUSIP: 626717AG7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |  10706000 | PA      | $7859171.93   | 0.46%             | 2042-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                        | Royal Caribbean Cruises Ltd                           | CUSIP: 780153AW2<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |  15258000 | PA      | $14623706.17  | 0.85%             | 2028-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                        | Royal Caribbean Cruises Ltd                           | CUSIP: 780153AG7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   9519000 | PA      | $10024829.67  | 0.58%             | 2027-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| FRONTIER NORTH INC                             | Frontier North Inc                                    | CUSIP: 362337AK3<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |   6386000 | PA      | $6486269.72   | 0.38%             | 2028-02-15      | Fixed         | 6.73%                 | No            |                  2 | On Loan: —       |
| MACY'S RETAIL HLDGS LLC                        | Macy's Retail Holdings LLC                            | CUSIP: 55616XAM9<br>LEI: 549300JMONK27O4SQQ19 | Long             | DBT              | CORP              | US        |  11097000 | PA      | $8447609.67   | 0.49%             | 2034-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| HUDSON PACIFIC PROPERTIE                       | Hudson Pacific Properties LP                          | CUSIP: 44409MAD8<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |  10846000 | PA      | $9059404.04   | 0.53%             | 2028-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| VORNADO REALTY LP                              | Vornado Realty LP                                     | CUSIP: 929043AK3<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              |  | US        |  12341000 | PA      | $11899678.19  | 0.69%             | 2026-06-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| VF CORP                                        | VF Corp                                               | CUSIP: 918204AR9<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |   8788000 | PA      | $7556189.20   | 0.44%             | 2033-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Yum! Brands Inc                                | Yum! Brands Inc                                       | CUSIP: 988498AK7<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   8754000 | PA      | $8027711.17   | 0.47%             | 2043-11-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: —       |
| ADVANCE AUTO PARTS                             | Advance Auto Parts Inc                                | CUSIP: 00751YAJ5<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   9557000 | PA      | $9478256.53   | 0.55%             | 2028-03-09      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| DIVERSIFIED HEALTHCARE T                       | Diversified Healthcare Trust                          | CUSIP: 81721MAM1<br>LEI: N/A                  | Long             | DBT              |  | US        |  15409000 | PA      | $13787248.82  | 0.80%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| Newell Brands Inc                              | Newell Brands Inc                                     | CUSIP: 651229AY2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |  16839000 | PA      | $13013309.70  | 0.76%             | 2046-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                            | Buckeye Partners LP                                   | CUSIP: 118230AR2<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |  11831000 | PA      | $11366624.26  | 0.66%             | 2027-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| CRANE NXT CO                                   | Crane NXT Co                                          | CUSIP: 224399AT2<br>LEI: 549300EXNPSXEWUD3N21 | Long             | DBT              | CORP              | US        |  10940000 | PA      | $6482552.90   | 0.38%             | 2048-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| United States Steel Corp                       | United States Steel Corp                              | CUSIP: 912909AD0<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | DBT              | CORP              | US        |   8698000 | PA      | $8450540.07   | 0.49%             | 2037-06-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Spirit AeroSystems Inc                         | Spirit AeroSystems Inc                                | CUSIP: 85205TAK6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |  21446000 | PA      | $20726561.98  | 1.21%             | 2028-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: —       |
| HISTORIC TW INC                                | Historic TW Inc                                       | CUSIP: 887315AZ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4613000 | PA      | $5077147.19   | 0.30%             | 2036-01-15      | Fixed         | 8.30%                 | No            |                  2 | On Loan: —       |
| H.B. FULLER CO                                 | HB Fuller Co                                          | CUSIP: 359694AB2<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |   9596000 | PA      | $9341783.15   | 0.54%             | 2027-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Toledo Hospital/The                            | Toledo Hospital/The                                   | CUSIP: 889184AE7<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |  12638000 | PA      | $11033887.22  | 0.64%             | 2048-11-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: —       |
| SERVICE PROPERTIES TRUST                       | Service Properties Trust                              | CUSIP: 44106MBB7<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |  12018000 | PA      | $9431872.42   | 0.55%             | 2029-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| TransAlta Corp                                 | TransAlta Corp                                        | CUSIP: 89346DAE7<br>LEI: GJZNVO2UY6DNFNIYH321 | Long             | DBT              | CORP              | CA        |   9690000 | PA      | $8931358.27   | 0.52%             | 2040-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITD                       | Perrigo Finance Unlimited Co                          | CUSIP: 714295AA0<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |   9666000 | PA      | $7496924.66   | 0.44%             | 2044-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| Buckeye Partners LP                            | Buckeye Partners LP                                   | CUSIP: 118230AM3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |  12387000 | PA      | $10399771.06  | 0.61%             | 2043-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: —       |
| NISSAN MOTOR ACCEPTANCE                        | Nissan Motor Acceptance Co LLC                        | CUSIP: 65480CAF2<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   4375000 | PA      | $4473574.22   | 0.26%             | 2028-09-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: —       |
| QVC Inc                                        | QVC Inc                                               | CUSIP: 747262AW3<br>LEI: 549300WBLU5NKPX5X472 | Long             | DBT              | CORP              | US        |  12624000 | PA      | $6189084.91   | 0.36%             | 2034-08-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: —       |
| PERRIGO FINANCE UNLIMITE                       | Perrigo Finance Unlimited Co                          | CUSIP: 71429MAC9<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |  23023000 | PA      | $21898503.73  | 1.28%             | 2030-06-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| MACY'S RETAIL HLDGS LLC                        | Macy's Retail Holdings LLC                            | CUSIP: 314275AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6263000 | PA      | $4910986.02   | 0.29%             | 2037-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                              | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7372960.73   | 0.43%             | 2032-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| METHANEX CORP                                  | Methanex Corp                                         | CUSIP: 59151KAL2<br>LEI: 549300TSJHRXT9QXRD13 | Long             | DBT              | CORP              | CA        |  21412000 | PA      | $20316540.24  | 1.19%             | 2029-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Spirit AeroSystems Inc                         | Spirit AeroSystems Inc                                | CUSIP: 85205TAG5<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   9325000 | PA      | $9170858.59   | 0.53%             | 2026-06-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: —       |
| ALCOA NEDERLAND HOLDING                        | Alcoa Nederland Holding BV                            | CUSIP: 013822AC5<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |   6967000 | PA      | $6940411.00   | 0.40%             | 2028-05-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| BUCKEYE PARTNERS                               | Buckeye Partners LP                                   | CUSIP: 118230AC5<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |   2746000 | PA      | $2755964.52   | 0.16%             | 2033-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES | BlackRock Cash Funds: Treasury, SL Agency Shares      | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |   2450000 | NS      | $2450000.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BANC OF CALIFORNIA                             | Banc of California                                    | CUSIP: 69506YSC4<br>LEI: 549300A7DTSCJLJ33451 | Long             | SN               | CORP              | US        |  12699000 | PA      | $11966614.13  | 0.70%             | 2031-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| WARNER MEDIA LLC                               | Warner Media LLC                                      | CUSIP: 00184AAC9<br>LEI: 5493004RSX004WU3UT62 | Long             | DBT              | CORP              | US        |   5072000 | PA      | $5509907.96   | 0.32%             | 2031-04-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: —       |
| Vodafone Group PLC                             | Vodafone Group PLC                                    | CUSIP: 92857WBQ2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |  49221000 | PA      | $50614734.45  | 2.95%             | 2079-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| ACADIAN ASSET MANAGEMENT                       | Acadian Asset Management Inc                          | CUSIP: 10948WAA1<br>LEI: 5493004FTLQNQTBOP608 | Long             | DBT              | CORP              | US        |   8546000 | PA      | $8361541.00   | 0.49%             | 2026-07-27      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| OCI NV                                         | OCI NV                                                | CUSIP: 67116NAA7<br>LEI: 549300NCMRGIBJYUOE57 | Long             | DBT              | CORP              | NL        |  18746000 | PA      | $20465624.57  | 1.19%             | 2033-03-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| WALGREEN CO                                    | Walgreen Co                                           | CUSIP: 931422AK5<br>LEI: E1OI0SEUGJMPPTKRDD35 | Long             | DBT              | CORP              | US        |   3182000 | PA      | $2880387.48   | 0.17%             | 2042-09-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: —       |
| APTIV SWISS HOLDINGS LTD                       | Aptiv Swiss Holdings Ltd                              | CUSIP: 03837AAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |  15500000 | PA      | $14504773.83  | 0.85%             | 2054-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                              | CUSIP: 15089QAK0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2861799.36   | 0.17%             | 2026-08-05      | Fixed         | 1.40%                 | No            |                  2 | On Loan: —       |
| WILTON RE LTD                                  | Wilton RE Ltd                                         | CUSIP: 97263CAA9<br>LEI: 5493004VQ9VSL29MT373 | Long             | DBT              | CORP              | CA        |  11350000 | PA      | $11236227.03  | 0.66%             | 2030-10-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| Toledo Hospital/The                            | Toledo Hospital/The                                   | CUSIP: 889184AC1<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |  10150000 | PA      | $9770692.77   | 0.57%             | 2028-11-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                       | Service Properties Trust                              | CUSIP: 44106MAX0<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |  11320000 | PA      | $9985598.63   | 0.58%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: —       |
| LUMEN TECHNOLOGIES INC                         | Lumen Technologies Inc                                | CUSIP: 156700AM8<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |  11177000 | PA      | $8203924.59   | 0.48%             | 2039-09-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: —       |
| Seagate HDD Cayman                             | Seagate HDD Cayman                                    | CUSIP: 81180WAN1<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |  14619000 | PA      | $14104132.85  | 0.82%             | 2034-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| Transocean Inc                                 | Transocean Inc                                        | CUSIP: 893830AF6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |  12432000 | PA      | $8838153.71   | 0.52%             | 2031-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| CONSTELLATION INSURC INC                       | Constellation Insurance Inc                           | CUSIP: 67740QAG1<br>LEI: 549300K609B872PZT291 | Long             | DBT              | CORP              | US        |   8031000 | PA      | $7962608.89   | 0.46%             | 2031-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| Nordstrom Inc                                  | Nordstrom Inc                                         | CUSIP: 655664AH3<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |   7202000 | PA      | $7254836.54   | 0.42%             | 2028-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: —       |
| MACY'S RETAIL HLDGS LLC                        | Macy's Retail Holdings LLC                            | CUSIP: 55616XAJ6<br>LEI: 549300JMONK27O4SQQ19 | Long             | DBT              | CORP              | US        |   7879000 | PA      | $4727610.53   | 0.28%             | 2043-02-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: —       |
| HILLENBRAND INC                                | Hillenbrand Inc                                       | CUSIP: 431571AB4<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |  11865000 | PA      | $11693877.99  | 0.68%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE                       | Walgreens Boots Alliance Inc                          | CUSIP: 931427AS7<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |   6630000 | PA      | $6238934.29   | 0.36%             | 2030-04-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: —       |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                              | CUSIP: 15089QAX2<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7495298.85   | 0.44%             | 2030-11-15      | Fixed         | 6.80%                 | No            |                  2 | On Loan: —       |
| TELECOM ITALIA CAPITAL                         | Telecom Italia Capital SA                             | CUSIP: 87927VAM0<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |  12519000 | PA      | $12094369.29  | 0.71%             | 2034-09-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |

### Signature

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

**Name of Applicant:** iShares Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer