# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001752724-25-157714
**Filing Date:** 2025-6
**Character Count:** 73310
**Document Hash:** 99e8be2032b0ffa9f717ecdde8a0adc1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-157714.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-157714

**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:** 251076740

**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 iBonds Dec 2031 Term Muni Bond ETF (Series ID: S000090637)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000257913 | iShares iBonds Dec 2031 Term Muni Bond ETF | IBMT            |

## 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 iBonds Dec 2031 Term Muni Bond ETF

- **b. EDGAR series identifier (if any):** S000090637

- **c. LEI of Series:** 529900MRR88SDSYKJ172

**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:** $3739876.35

**Total Liabilities:** $403.25

**Net Assets:** $3739473.10

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 1929.57000000 | **10-Year:** 125.59000000 | **30-Year:** 0.00000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000257913 |  | -0.06%               | -0.22%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $-5005.74                                  |
| Month 3  | $0.00                    | $1447.54                                   |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| City & County of Honolulu HI                                               | City & County of Honolulu, Series 2021A                                                     | CUSIP: 438687QU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27582.02     | 0.74%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                          | County of King, Series 2021A                                                                | CUSIP: 49474FZQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27569.04     | 0.74%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia                                                       | City of Philadelphia, Series 2021A                                                          | CUSIP: 717813YT0<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32494.13     | 0.87%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Valley Water Reclamation Facility                                  | Central Valley Water Reclamation Facility, Series 2021C                                     | CUSIP: 155796BE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27474.20     | 0.73%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                    | Port Authority of New York & New Jersey, Series 230                                         | CUSIP: 73358XEC2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |     15000 | PA      | $14633.12     | 0.39%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                            | State of Oregon, Series 2023A                                                               | CUSIP: 68609UBY0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22165.15     | 0.59%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2024B                                                             | CUSIP: 452153JN0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21294.71     | 0.57%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Weld County School District No. 6 Greeley                                  | Weld County School District No. 6 Greeley, Series 2021                                      | CUSIP: 949289QH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43793.58     | 1.17%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta Department of Aviation                                     | City of Atlanta Department of Aviation, Series 2021B                                        | CUSIP: 04780MYT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32957.26     | 0.88%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                    | District of Columbia Income Tax, Series 2019C                                               | CUSIP: 25477GQC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26712.41     | 0.71%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                     | City of Minneapolis, Series 2024                                                            | CUSIP: 60375BMZ6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |     10000 | PA      | $11143.69     | 0.30%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook                                                             | County of Cook, Series 2024                                                                 | CUSIP: 213248EE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10908.61     | 0.29%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                        | State of Washington, Series R-2024C                                                         | CUSIP: 93974EZ66<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     35000 | PA      | $38795.49     | 1.04%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                 | Illinois Finance Authority, Series 2020                                                     | CUSIP: 45204FFR1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15247.89     | 0.41%             | 2033-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York                                                           | City of New York, Series 2022D-1                                                            | CUSIP: 64966QA67<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21901.94     | 0.59%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                  | BlackRock Liquidity MuniCash Funds: Institutional Shares                                    | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | STIV             | RF                | US        |      6758 | NS      | $6757.58      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Commonwealth of Pennsylvania                                               | Commonwealth of Pennsylvania, Series 2023                                                   | CUSIP: 70914P2E1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16531.23     | 0.44%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                   | University of California, Series 2023BQ                                                     | CUSIP: 91412HPY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22093.61     | 0.59%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA                                                       | County of Fairfax, Series 2023A                                                             | CUSIP: 30382AMP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21039.41     | 0.56%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                      | Illinois State Toll Highway Authority, Series 2019C                                         | CUSIP: 452252PH6<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32169.56     | 0.86%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York                                                           | City of New York, Series 2022A, Sub-Series A-1                                              | CUSIP: 64966QXH8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32686.76     | 0.87%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                               | Clark County School District, Series 2021A                                                  | CUSIP: 181059V78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20242.88     | 0.54%             | 2032-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District                                          | San Diego Unified School District, Series 2021E-2                                           | CUSIP: 797356ED0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22398.75     | 0.60%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                        | City of New York, Series 2022A, Sub-Series A-1                                              | CUSIP: 64966QXJ4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32538.82     | 0.87%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                           | Pennsylvania Turnpike Commission, Series 2021B                                              | CUSIP: 709225CP9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27324.69     | 0.73%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District                                        | Los Angeles Unified School District, Series 2024A                                           | CUSIP: 544647HN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $38863.43     | 1.04%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                              | North Texas Tollway Authority, Series 2023B                                                 | CUSIP: 66285WP67<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10862.69     | 0.29%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Anaheim Public Financing Authority                                         | Anaheim Public Financing Authority, Series 1997C                                            | CUSIP: 03255LBR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $67646.90     | 1.81%             | 2031-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                   | Massachusetts Development Finance Agency, Series 2021A                                      | CUSIP: 57584YR27<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21888.99     | 0.59%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                      | State of Rhode Island, Series 2021E                                                         | CUSIP: 762223LV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25530.69     | 0.68%             | 2033-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County                     | Metropolitan Government of Nashville & Davidson County, Series 2021C                        | CUSIP: 592112UX2<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10139.10     | 0.27%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                    | County of Miami-Dade, Series 2020                                                           | CUSIP: 59333FZX1<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10227.55     | 0.27%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte                                                          | City of Charlotte, Series 2021A                                                             | CUSIP: 161036RJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32957.26     | 0.88%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                           | New York State Thruway Authority, Series 2022A                                              | CUSIP: 650028YH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22069.36     | 0.59%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                    | Los Angeles Department of Water & Power, Series 2023E                                       | CUSIP: 544532JB1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10623.32     | 0.28%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                          | State of Maryland, Series 2024A                                                             | CUSIP: 574193WK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33263.88     | 0.89%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District               | Salt River Project Agricultural Improvement & Power District, Series 2019A                  | CUSIP: 79574CDR1<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10813.54     | 0.29%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Washington                                                   | University of Washington, Series 2024A                                                      | CUSIP: 91523NYD2<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10990.54     | 0.29%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Water & Sewer System                                  | County of Miami-Dade Water & Sewer System, Series 2024B                                     | CUSIP: 59334DPC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27683.99     | 0.74%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                           | State of Florida, Series 2021A                                                              | CUSIP: 34153QUP9<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22091.58     | 0.59%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Joint Municipal Electric Utility Commission                       | Missouri Joint Municipal Electric Utility Commission, Series 2024                           | CUSIP: 606092PT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10803.10     | 0.29%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Oklahoma City OK                                                   | City of Oklahoma, Series 2022                                                               | CUSIP: 678519R35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10345.32     | 0.28%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                              | Texas Water Development Board, Series 2019A                                                 | CUSIP: 882854Y30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16157.87     | 0.43%             | 2031-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                              | Cypress-Fairbanks Independent School District, Series 2020                                  | CUSIP: 232769GD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21576.85     | 0.58%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation Authority                                          | Regional Transportation Authority, Series 2002A                                             | CUSIP: 759911TT7<br>LEI: 549300FOIPI62F5YFO59 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22935.96     | 0.61%             | 2031-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                         | Metropolitan Water District of Southern California, Series 2020A                            | CUSIP: 59266TRD5<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16349.19     | 0.44%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                               | Metropolitan Atlanta Rapid Transit Authority, Series 2024B                                  | CUSIP: 591746BG6<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22145.86     | 0.59%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                         | Pittsburgh Water & Sewer Authority, Series 2023A                                            | CUSIP: 725304XM6<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |     35000 | PA      | $38593.96     | 1.03%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | State of Connecticut, Series 2022D                                                          | CUSIP: 20772KRV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33093.44     | 0.88%             | 2031-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                            | Las Vegas Valley Water District, Series 2022A                                               | CUSIP: 517845MV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22047.64     | 0.59%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                          | County of Wake, Series 2023A                                                                | CUSIP: 930876FU6<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10989.00     | 0.29%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                         | Austin Independent School District, Series 2024                                             | CUSIP: 052430WL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27545.14     | 0.74%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents                                                   | Arizona Board of Regents, Series 2021C                                                      | CUSIP: 040664CW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $11033.17     | 0.30%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern California Sanitation Agencies Financing Authority                | Northern California Sanitation Agencies Financing Authority, Series 2021                    | CUSIP: 786134WX0<br>LEI: 549300MSDPX3EYMUYV38 | Long             | DBT              | MUN               | US        |     15000 | PA      | $14183.36     | 0.38%             | 2034-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                          | City of Dallas, Series 2023A                                                                | CUSIP: 235219UX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21853.50     | 0.58%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                        | State of New Jersey, Series 2020A                                                           | CUSIP: 646039YQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20832.74     | 0.56%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's                                                  | County of Prince George's, Series 2019A                                                     | CUSIP: 7417015P7<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5137.18      | 0.14%             | 2031-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                         | Dallas Independent School District, Series 2021                                             | CUSIP: 235308A45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20600.87     | 0.55%             | 2031-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Charleston                                                       | County of Charleston, Series 2021A                                                          | CUSIP: 160069F62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20692.42     | 0.55%             | 2032-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                    | Los Angeles Department of Water & Power, Series 2021B                                       | CUSIP: 544532CE2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15704.48     | 0.42%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clear Creek Independent School District                                    | Clear Creek Independent School District, Series 2021                                        | CUSIP: 184541DU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10971.61     | 0.29%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                             | Lower Colorado River Authority, Series 2023A                                                | CUSIP: 54811BF71<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54654.66     | 1.46%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                              | City of Atlanta Water & Wastewater, Series 2024                                             | CUSIP: 047870SU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5516.68      | 0.15%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No. 405 Bellevue                               | King County School District No. 405 Bellevue, Series 2022                                   | CUSIP: 495098F42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $11105.92     | 0.30%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                  | Indiana Finance Authority, Series 2021B                                                     | CUSIP: 45506EDV2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21872.38     | 0.58%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                       | Triborough Bridge & Tunnel Authority, Series 2018B                                          | CUSIP: 89602REN1<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33339.91     | 0.89%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                       | Central Florida Expressway Authority, Series 2021                                           | CUSIP: 153476GU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40659.33     | 1.09%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                  | Ohio Turnpike & Infrastructure Commission, Series 2013A-4                                   | CUSIP: 67760HKR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22503.90     | 0.60%             | 2034-02-15      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | State of California                                                                         | CUSIP: 13063DC30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $66568.06     | 1.78%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                | New Jersey Educational Facilities Authority, Series 2021C                                   | CUSIP: 646067CF3<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5192.00      | 0.14%             | 2033-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                 | Metropolitan Water Reclamation District of Greater Chicago, Series 2021C                    | CUSIP: 167560VU2<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22197.95     | 0.59%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipality of Anchorage                                                  | Municipality of Anchorage, Series 2021C                                                     | CUSIP: 033162HN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30298.05     | 0.81%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                               | Commonwealth of Pennsylvania, Series 2023                                                   | CUSIP: 70914P3A8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $11020.82     | 0.29%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority Central Regional Wastewater System Revenue         | Trinity River Authority Central Regional Wastewater System, Series 2020                     | CUSIP: 89658HXJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9637.77      | 0.26%             | 2031-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Greenville                                                         | City of Greenville                                                                          | CUSIP: 3966942B6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35896.91     | 0.96%             | 2031-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Rutherford                                                       | County of Rutherford, Series 2024                                                           | CUSIP: 783244NJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27600.29     | 0.74%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark                                                            | County of Clark, Series 2021                                                                | CUSIP: 180848U27<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |     25000 | PA      | $23424.59     | 0.63%             | 2033-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle                                                            | City of Seattle, Series 2021                                                                | CUSIP: 812631PT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30912.27     | 0.83%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                       | State of Michigan Trunk Line, Series 2021A                                                  | CUSIP: 5946952S6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21642.36     | 0.58%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Johnston                                                         | County of Johnston, Series 2020A                                                            | CUSIP: 479354DR0<br>LEI: 5493003J6KNUY7E7SF98 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21659.32     | 0.58%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                           | Virginia Public School Authority, Series 2021C                                              | CUSIP: 92818HVC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22106.46     | 0.59%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | State of California                                                                         | CUSIP: 13063D2D9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22170.85     | 0.59%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                              | Cypress-Fairbanks Independent School District, Series 2020A                                 | CUSIP: 232769HE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $68523.03     | 1.83%             | 2035-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | New York State Dormitory Authority, Series 2019A                                            | CUSIP: 64990FKN3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26514.84     | 0.71%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                         | State of Minnesota, Series 2021B                                                            | CUSIP: 60412AXH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36272.80     | 0.97%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                   | University of California, Series 2023BN                                                     | CUSIP: 91412HPF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16570.21     | 0.44%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                             | Washington Metropolitan Area Transit Authority, Series 2021A                                | CUSIP: 93878YBF5<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21763.31     | 0.58%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                         | State of Louisiana, Series 2024E                                                            | CUSIP: 546417KH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10974.00     | 0.29%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                    | Dallas Fort Worth International Airport, Series 2022B                                       | CUSIP: 23503CAZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22007.74     | 0.59%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                             | New Jersey Transportation Trust Fund Authority, Series 2022AA                               | CUSIP: 64613CAP3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43316.43     | 1.16%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                           | Pennsylvania Turnpike Commission, Series 2021C                                              | CUSIP: 709225EK8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     35000 | PA      | $38355.22     | 1.03%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                         | State of Wisconsin, Series 2024A                                                            | CUSIP: 97705MF91<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22083.07     | 0.59%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                 | Southern California Public Power Authority, Series 2024-1                                   | CUSIP: 842469BS6<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10651.56     | 0.28%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Turnpike Authority                                                | Kentucky Turnpike Authority, Series 2021A                                                   | CUSIP: 491552R56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $49356.76     | 1.32%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax         | Los Angeles County Metropolitan Transportation Authority Sales Tax, Series 2020A            | CUSIP: 54466HJU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32899.16     | 0.88%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp.                                             | Empire State Development Corp., Series 2022A                                                | CUSIP: 650036FG6<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21992.21     | 0.59%             | 2031-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Grand Parkway Toll Road Authority                                | Fort Bend Grand Parkway Toll Road Authority, Series 2021A                                   | CUSIP: 346832CA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35785.80     | 0.96%             | 2033-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JEA Electric System Revenue                                                | JEA Electric System, Series 2021A                                                           | CUSIP: 46613SRQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21554.03     | 0.58%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                         | Board of Regents of the University of Texas System, Series 2021A                            | CUSIP: 91514AKH7<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20098.76     | 0.54%             | 2035-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                                  | Michigan State University, Series 2019B                                                     | CUSIP: 594712US8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21136.39     | 0.57%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clear Creek Independent School District                                    | Clear Creek Independent School District, Series 2022                                        | CUSIP: 184541EU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54633.89     | 1.46%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                       | Chicago O'Hare International Airport, Series 2020B                                          | CUSIP: 167593R20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21417.77     | 0.57%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery                                                       | County of Montgomery, Series 2022A                                                          | CUSIP: 61366AJA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $38352.62     | 1.03%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lone Star College System                                                   | Lone Star College System, Series 2021A                                                      | CUSIP: 542264JS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $31981.62     | 0.86%             | 2035-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | State of Illinois, Series 2023D                                                             | CUSIP: 452153GG8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31971.33     | 0.85%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                          | City of Austin, Series 2023                                                                 | CUSIP: 052397J31<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33026.33     | 0.88%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System                       | Los Angeles Department of Water & Power Water System, Series 2024A                          | CUSIP: 544525T73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21246.63     | 0.57%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                          | Delaware Transportation Authority, Series 2020                                              | CUSIP: 246428K47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10848.98     | 0.29%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Governmental Facilities Authority                                    | Maine Governmental Facilities Authority, Series 2020A                                       | CUSIP: 56041MTS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15953.99     | 0.43%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | State of California                                                                         | CUSIP: 13063DWT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27315.04     | 0.73%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Denton TX                                                          | City of Denton                                                                              | CUSIP: 248867AK9<br>LEI: 549300UWEY8IKYK09T27 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30622.34     | 0.82%             | 2031-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                         | New York State Dormitory Authority, Series 2021A                                            | CUSIP: 64990FZM9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54312.72     | 1.45%             | 2033-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                    | State of North Carolina, Series 2019A                                                       | CUSIP: 65829QDN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32051.70     | 0.86%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                        | California State Public Works Board, Series 2021B                                           | CUSIP: 13068XBL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $48846.16     | 1.31%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio State University (The)                                                | Ohio State University (The), Series 2021A                                                   | CUSIP: 677632M40<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43461.74     | 1.16%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nassau County Interim Finance Authority                                    | Nassau County Interim Finance Authority, Series 2021A                                       | CUSIP: 631663QU8<br>LEI: 549300DP7LB76W78BR41 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16746.24     | 0.45%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver                                                    | City & County of Denver, Series 2020A                                                       | CUSIP: 249164QD9<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32758.16     | 0.88%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District                                     | Los Angeles Community College District, Series 2024                                         | CUSIP: 54438CC83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22386.01     | 0.60%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Water Resources Board                                             | Oklahoma Water Resources Board, Series 2024C                                                | CUSIP: 67920Q5C8<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |     55000 | PA      | $60340.96     | 1.61%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Auburn University                                                          | Auburn University, Series 2025-A                                                            | CUSIP: 050589RR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27471.44     | 0.73%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                           | Ohio Water Development Authority, Series 2024A                                              | CUSIP: 67765QPT7<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |     10000 | PA      | $11063.93     | 0.30%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Wastewater Revenue | San Francisco City & County Public Utilities Commission Wastewater, Series 2022B            | CUSIP: 79768HGR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $11203.78     | 0.30%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured            | New York City Transitional Finance Authority Future Tax Secured, Series 2021F-1             | CUSIP: 64971XZG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21680.21     | 0.58%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                        | Virginia College Building Authority, Series 2019A                                           | CUSIP: 92778VGJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21201.84     | 0.57%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                           | State of Georgia, Series 2021A                                                              | CUSIP: 373385HS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15219.28     | 0.41%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Norwalk-La Mirada Unified School District                                  | Norwalk-La Mirada Unified School District, Series 2007C                                     | CUSIP: 669096PR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $16018.46     | 0.43%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                   | State of Connecticut Special Tax, Series 2023A                                              | CUSIP: 207758P23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22016.03     | 0.59%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte                                                          | City of Charlotte                                                                           | CUSIP: 1610375G7<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22184.08     | 0.59%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue               | Massachusetts Bay Transportation Authority Sales Tax, Series 2021A-1                        | CUSIP: 575579K71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27274.53     | 0.73%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus                                                           | City of Columbus, Series 2022A                                                              | CUSIP: 199492T25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22082.62     | 0.59%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | New York City Transitional Finance Authority Future Tax Secured, Series 2023, Sub-Series E1 | CUSIP: 64971X4T2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22032.34     | 0.59%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                    | South Carolina Public Service Authority, Series 2021A                                       | CUSIP: 837151XW4<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10017.81     | 0.27%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                            | New York City Municipal Water Finance Authority, Series 2021DD                              | CUSIP: 64972GYW8<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16403.34     | 0.44%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp.                              | New York State Environmental Facilities Corp., Series 2024A                                 | CUSIP: 64986DNS0<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |     10000 | PA      | $11127.62     | 0.30%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                    | City of Phoenix Civic Improvement Corp., Series 2020A                                       | CUSIP: 71884AD30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32590.64     | 0.87%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                  | Indiana Finance Authority, Series 2021-2                                                    | CUSIP: 45505MKM7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     45000 | PA      | $48432.02     | 1.30%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                 | Intermountain Power Agency, Series 2022A                                                    | CUSIP: 45884AA78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26606.90     | 0.71%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washoe                                                           | County of Washoe, Series 2021                                                               | CUSIP: 940774NV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21912.93     | 0.59%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu                                                  | City & County of Honolulu, Series 2020B                                                     | CUSIP: 438687ME2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21559.08     | 0.58%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                      | Metropolitan Transportation Authority, Series 2024A                                         | CUSIP: 59261AY50<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10865.89     | 0.29%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                           | Energy Northwest, Series 2024A                                                              | CUSIP: 29270C5P6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22089.22     | 0.59%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA                                          | City & County of San Francisco                                                              | CUSIP: 79765D5D8<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15520.95     | 0.42%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                | Omaha Public Power District, Series 2019A                                                   | CUSIP: 682001GR7<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21228.90     | 0.57%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu Wastewater System                                   | City & County Honolulu Wastewater System, Series 2022A                                      | CUSIP: 4387012J2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22065.62     | 0.59%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | New York City Transitional Finance Authority Future Tax Secured, Series 2021F-1             | CUSIP: 64971XZJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19931.32     | 0.53%             | 2035-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland                                                          | City of Cleveland, Series 2021A-1                                                           | CUSIP: 186387XB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20548.59     | 0.55%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR                                                        | City of Portland, Series 2022A                                                              | CUSIP: 736740WF4<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |     30000 | PA      | $28206.54     | 0.75%             | 2033-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                        | California State Public Works Board, Series 2021D                                           | CUSIP: 13068XDS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26149.15     | 0.70%             | 2031-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Milwaukee Metropolitan Sewerage District                                   | Milwaukee Metropolitan Sewerage District, Series 2022A                                      | CUSIP: 602409NG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32666.51     | 0.87%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-04-30

**Name of Applicant:** iShares Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer