# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001410368-26-006927
**Filing Date:** 2026-1
**Character Count:** 161081
**Document Hash:** 9a12dd9a70f68e4f90a12dc147b974eb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-006927.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0001410368-26-006927

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260123

**PERIOD START**: 20260228

**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:** 26557025

**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 High Yield Systematic Bond ETF (Series ID: S000057341)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000182992 | iShares High Yield Systematic Bond ETF | HYDB            |

## Nport-Ex

Schedule of Investments (unaudited)

November 30, 2025

**iShares® High Yield Systematic Bond ETF**

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

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Corporate Bonds & Notes** | **Corporate Bonds & Notes** | **Corporate Bonds & Notes** |
| **Aerospace & Defense — 1.2%** | **Aerospace & Defense — 1.2%** | **Aerospace & Defense — 1.2%** |
| Spirit AeroSystems Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 9.38%, 11/30/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $1906 | $2001626 |
| &nbsp;&nbsp;&nbsp; 9.75%, 11/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10312 | 11297949 |
| TransDigm Inc., 6.38%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6334 | 6523811 |
|  |  | 19823386 |
| **Airlines — 1.6%** | **Airlines — 1.6%** | **Airlines — 1.6%** |
| American Airlines Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 02/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 8203 | 8397543 |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 4436 | 4634040 |
| JetBlue Airways Corp., 9.88%, 09/20/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 12849 | 12691595 |
|  |  | 25723178 |
| **Apparel — 1.2%** | **Apparel — 1.2%** | **Apparel — 1.2%** |
| Under Armour Inc., 7.25%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4722 | 4702280 |
| VF Corp., 2.95%, 04/23/30<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 10333 | 9274357 |
| Wolverine World Wide Inc., 4.00%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7180 | 6581911 |
|  |  | 20558548 |
| **Auto Manufacturers — 3.0%** | **Auto Manufacturers — 3.0%** | **Auto Manufacturers — 3.0%** |
| Allison Transmission Inc., 5.88%, 06/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 3023 | 3067858 |
| &nbsp;&nbsp;&nbsp; Aston Martin Capital Holdings Ltd., 10.00%, <br> 03/31/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 13143 | 11623818 |
| Jaguar Land Rover Automotive PLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/01/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3873 | 3817491 |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2239 | 2242231 |
| New Flyer Holdings Inc., 9.25%, 07/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6908 | 7398593 |
| Nissan Motor Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 7.75%, 07/17/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8604 | 9044886 |
| &nbsp;&nbsp;&nbsp; 8.13%, 07/17/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 11306 | 11950374 |
|  |  | 49145251 |
| **Auto Parts & Equipment — 0.9%** | **Auto Parts & Equipment — 0.9%** | **Auto Parts & Equipment — 0.9%** |
| &nbsp;&nbsp;&nbsp; Garrett Motion Holdings Inc./Garrett LX I SARL, <br> 7.75%, 05/31/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 9436 | 9970087 |
| Phinia Inc., 6.75%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4373 | 4512923 |
|  |  | 14483010 |
| **Beverages — 0.6%** | **Beverages — 0.6%** | **Beverages — 0.6%** |
| &nbsp;&nbsp;&nbsp; Primo Water Holdings Inc./Triton Water <br> Holdings Inc., 4.38%, 04/30/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 9926 | 9626359 |
| **Biotechnology — 1.1%** | **Biotechnology — 1.1%** | **Biotechnology — 1.1%** |
| Biocon Biologics Global PLC, 6.67%, 10/09/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 9949 | 9802629 |
| Emergent BioSolutions Inc., 3.88%, 08/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6404 | 5715250 |
| Genmab A/S |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 12/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1310 | 1346983 |
| &nbsp;&nbsp;&nbsp; 7.25%, 12/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 685 | 717391 |
|  |  | 17582253 |
| **Building Materials — 1.3%** | **Building Materials — 1.3%** | **Building Materials — 1.3%** |
| Builders FirstSource Inc., 6.38%, 06/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 7297 | 7599752 |
| Sisecam U.K. PLC |  |  |
| &nbsp;&nbsp;&nbsp; 8.25%, 05/02/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 4030 | 4132326 |
| &nbsp;&nbsp;&nbsp; 8.63%, 05/02/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 8910 | 9235215 |
|  |  | 20967293 |
| **Chemicals — 1.7%** | **Chemicals — 1.7%** | **Chemicals — 1.7%** |
| Celanese U.S. Holdings LLC, 7.20%, 11/15/33<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 7928 | 8279622 |
| &nbsp;&nbsp;&nbsp; CVR Partners LP/CVR Nitrogen Finance Corp., <br> 6.13%, 06/15/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 6936 | 6917296 |
| Rain Carbon Inc., 12.25%, 09/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 5069 | 5230630 |
| &nbsp;&nbsp;&nbsp; SK Invictus Intermediate II SARL, 5.00%, <br> 10/30/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 8531 | 8396189 |
|  |  | 28823737 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Coal — 0.6%** | **Coal — 0.6%** | **Coal — 0.6%** |
| &nbsp;&nbsp;&nbsp; Alliance Resource Operating Partners LP/Alliance <br> Resource Finance Corp., 8.63%, 06/15/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; $3666 | $3866845 |
| SunCoke Energy Inc., 4.88%, 06/30/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6810 | 6230783 |
|  |  | 10097628 |
| **Commercial Services — 4.0%** | **Commercial Services — 4.0%** | **Commercial Services — 4.0%** |
| ADT Security Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 08/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 5697 | 5542913 |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8475 | 8215063 |
| Adtalem Global Education Inc., 5.50%, 03/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1754 | 1750044 |
| &nbsp;&nbsp;&nbsp; Avis Budget Car Rental LLC/Avis Budget <br> Finance Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 02/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 5510 | 5626895 |
| &nbsp;&nbsp;&nbsp; 8.25%, 01/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 3315 | 3413924 |
| &nbsp;&nbsp;&nbsp; 8.38%, 06/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 6741 | 6940763 |
| Deluxe Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 06/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 5908 | 5975085 |
| &nbsp;&nbsp;&nbsp; 8.13%, 09/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 5224 | 5502737 |
| Korn Ferry, 4.63%, 12/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 1417 | 1416947 |
| &nbsp;&nbsp;&nbsp; Prime Security Services Borrower LLC/Prime <br> Finance Inc., 3.38%, 08/31/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 2102 | 2052019 |
| PROG Holdings Inc., 6.00%, 11/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 7354 | 7236924 |
| United Rentals North America Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/15/28 | &nbsp;&nbsp;&nbsp; 4435 | 4434387 |
| &nbsp;&nbsp;&nbsp; 5.38%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3540 | 3548130 |
| Upbound Group Inc., 6.38%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5472 | 5343266 |
|  |  | 66999097 |
| **Computers — 1.4%** | **Computers — 1.4%** | **Computers — 1.4%** |
| ASGN Inc., 4.63%, 05/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6618 | 6483749 |
| &nbsp;&nbsp;&nbsp; Conduent Business Services LLC/Conduent State <br> & Local Solutions Inc., 6.00%, 11/01/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 6788 | 5930234 |
| Diebold Nixdorf Inc., 7.75%, 03/31/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10648 | 11305195 |
|  |  | 23719178 |
| **Diversified Financial Services — 11.1%** | **Diversified Financial Services — 11.1%** | **Diversified Financial Services — 11.1%** |
| Ally Financial Inc., 6.70%, 02/14/33<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 5803 | 6075194 |
| Burford Capital Global Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 04/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1340 | 1335967 |
| &nbsp;&nbsp;&nbsp; 6.88%, 04/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2490 | 2448836 |
| &nbsp;&nbsp;&nbsp; 7.50%, 07/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2311 | 2259326 |
| &nbsp;&nbsp;&nbsp; 9.25%, 07/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 7717 | 8018897 |
| Coinbase Global Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 10/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 13770 | 13021906 |
| &nbsp;&nbsp;&nbsp; 3.63%, 10/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 390 | 346712 |
| Credit Acceptance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 03/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 6607 | 6558971 |
| &nbsp;&nbsp;&nbsp; 9.25%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5784 | 6069649 |
| Enova International Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 9.13%, 08/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5701 | 6022542 |
| &nbsp;&nbsp;&nbsp; 11.25%, 12/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3095 | 3296144 |
| goeasy Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 7.38%, 10/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 122 | 118076 |
| &nbsp;&nbsp;&nbsp; 7.63%, 07/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5369 | 5323575 |
| &nbsp;&nbsp;&nbsp; 9.25%, 12/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3800 | 3913274 |
| LD Holdings Group LLC, 6.13%, 04/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8148 | 7521940 |
| OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/15/28 | &nbsp;&nbsp;&nbsp; 1251 | 1214061 |
| &nbsp;&nbsp;&nbsp; 5.38%, 11/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 314 | 312973 |
| &nbsp;&nbsp;&nbsp; 6.63%, 01/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 749 | 768169 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/15/32 | &nbsp;&nbsp;&nbsp; 6866 | 7017313 |
| &nbsp;&nbsp;&nbsp; 7.13%, 11/15/31 | &nbsp;&nbsp;&nbsp; 8608 | 8968615 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/15/31 | &nbsp;&nbsp;&nbsp; 415 | 435970 |

---

------

Schedule of Investments (unaudited)(continued)

November 30, 2025

**iShares® High Yield Systematic Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** | **Diversified Financial Services (continued)** |
| &nbsp;&nbsp;&nbsp; 7.88%, 03/15/30 | &nbsp;&nbsp;&nbsp; $1562 | $1653238 |
| PennyMac Financial Services Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2875 | 2809875 |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 6015 | 6062386 |
| &nbsp;&nbsp;&nbsp; 6.88%, 05/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8989 | 9383995 |
| &nbsp;&nbsp;&nbsp; Rocket Mortgage LLC/Rocket Mortgage <br> Co-Issuer Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1361 | 1314564 |
| &nbsp;&nbsp;&nbsp; 3.88%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 13029 | 12322330 |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 3389 | 3139880 |
| SLM Corp., 3.13%, 11/02/26 | &nbsp;&nbsp;&nbsp; 4500 | 4415568 |
| Stonex Escrow Issuer LLC, 6.88%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6925 | 7168095 |
| StoneX Group Inc., 7.88%, 03/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6156 | 6520238 |
| Synchrony Financial, 7.25%, 02/02/33<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 8701 | 9321708 |
| United Wholesale Mortgage LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8902 | 8809927 |
| &nbsp;&nbsp;&nbsp; 5.75%, 06/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4642 | 4652793 |
| UWM Holdings LLC, 6.63%, 02/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 9856 | 10015687 |
| &nbsp;&nbsp;&nbsp; VFH Parent LLC/Valor Co-Issuer Inc., 7.50%, <br> 06/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 5693 | 5974906 |
|  |  | 184613300 |
| **Electric — 1.5%** | **Electric — 1.5%** | **Electric — 1.5%** |
| NRG Energy Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 02/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5758 | 5381393 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/28 | &nbsp;&nbsp;&nbsp; 3757 | 3767418 |
| PG&E Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/28 | &nbsp;&nbsp;&nbsp; 9849 | 9777180 |
| &nbsp;&nbsp;&nbsp; 5.25%, 07/01/30 | &nbsp;&nbsp;&nbsp; 5096 | 5047511 |
|  |  | 23973502 |
| **Engineering & Construction — 1.1%** | **Engineering & Construction — 1.1%** | **Engineering & Construction — 1.1%** |
| IHS Holding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 05/29/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6184 | 6309577 |
| &nbsp;&nbsp;&nbsp; 8.25%, 11/29/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7300 | 7569301 |
| Tutor Perini Corp., 11.88%, 04/30/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 3433 | 3817146 |
|  |  | 17696024 |
| **Entertainment — 1.5%** | **Entertainment — 1.5%** | **Entertainment — 1.5%** |
| &nbsp;&nbsp;&nbsp; AMC Entertainment Holdings Inc., 7.50%, <br> 02/15/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 4818 | 4329414 |
| Live Nation Entertainment Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 01/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2535 | 2490323 |
| &nbsp;&nbsp;&nbsp; 6.50%, 05/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 7192 | 7263740 |
| &nbsp;&nbsp;&nbsp; Premier Entertainment Sub LLC/Premier <br> Entertainment Finance Corp., 5.63%, <br> 09/01/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 1649 | 876903 |
| Warnermedia Holdings Inc., 4.28%, 03/15/32 | &nbsp;&nbsp;&nbsp; 10870 | 9932463 |
|  |  | 24892843 |
| **Food — 0.2%** | **Food — 0.2%** | **Food — 0.2%** |
| &nbsp;&nbsp;&nbsp; Albertsons Companies Inc./Safeway Inc./New <br> Albertsons LP/Albertsons LLC, 4.63%, <br> 01/15/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 3412 | 3409461 |
| **Gas — 0.8%** | **Gas — 0.8%** | **Gas — 0.8%** |
| AmeriGas Partners LP/AmeriGas Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/20/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 5794 | 5816649 |
| &nbsp;&nbsp;&nbsp; 9.38%, 06/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5377 | 5582278 |
| &nbsp;&nbsp;&nbsp; 9.50%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2239 | 2372901 |
|  |  | 13771828 |
| **Health Care - Products — 0.4%** | **Health Care - Products — 0.4%** | **Health Care - Products — 0.4%** |
| Embecta Corp., 5.00%, 02/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 6226 | 5934070 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Health Care - Services — 2.1%** | **Health Care - Services — 2.1%** | **Health Care - Services — 2.1%** |
| DaVita Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $6792 | $6298274 |
| &nbsp;&nbsp;&nbsp; 4.63%, 06/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 12575 | 12196966 |
| Fortrea Holdings Inc., 7.50%, 07/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 6776 | 6801776 |
| &nbsp;&nbsp;&nbsp; MPH Acquisition Holdings LLC, 5.75%, <br> 12/31/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 9793 | 8627535 |
|  |  | 33924551 |
| **Holding Companies - Diversified — 1.0%** | **Holding Companies - Diversified — 1.0%** | **Holding Companies - Diversified — 1.0%** |
| &nbsp;&nbsp;&nbsp; Icahn Enterprises LP/Icahn Enterprises <br> Finance Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 9.75%, 01/15/29<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 7948 | 8007292 |
| &nbsp;&nbsp;&nbsp; 10.00%, 11/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 9121 | 9172297 |
|  |  | 17179589 |
| **Home Builders — 1.1%** | **Home Builders — 1.1%** | **Home Builders — 1.1%** |
| &nbsp;&nbsp;&nbsp; Brookfield Residential Properties Inc./Brookfield <br> Residential U.S. LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 02/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 6483 | 6012983 |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 6772 | 6779713 |
| Century Communities Inc., 3.88%, 08/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6240 | 5928130 |
|  |  | 18720826 |
| **Home Furnishings — 1.4%** | **Home Furnishings — 1.4%** | **Home Furnishings — 1.4%** |
| Somnigroup International Inc., 3.88%, 10/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6902 | 6457597 |
| Whirlpool Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/01/46<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 7959 | 6123034 |
| &nbsp;&nbsp;&nbsp; 4.60%, 05/15/50<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 8184 | 6255522 |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/33 | &nbsp;&nbsp;&nbsp; 4872 | 4841486 |
|  |  | 23677639 |
| **Insurance — 0.5%** | **Insurance — 0.5%** | **Insurance — 0.5%** |
| &nbsp;&nbsp;&nbsp; Baldwin Insurance Group Holdings LLC/Baldwin <br> Insurance Group Holdings Finance, 7.13%, <br> 05/15/31<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 7118 | 7389189 |
| **Internet — 2.8%** | **Internet — 2.8%** | **Internet — 2.8%** |
| Getty Images Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 10.50%, 11/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 5110 | 5221081 |
| &nbsp;&nbsp;&nbsp; 11.25%, 02/21/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 7031 | 6750067 |
| Rakuten Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 9.75%, 04/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10473 | 11637508 |
| &nbsp;&nbsp;&nbsp; 11.25%, 02/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4610 | 4938409 |
| Snap Inc., 6.88%, 03/15/34<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3062 | 3129983 |
| Wayfair LLC |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 10/31/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 9009 | 9371585 |
| &nbsp;&nbsp;&nbsp; 7.75%, 09/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 4787 | 5101870 |
|  |  | 46150503 |
| **Iron & Steel — 1.8%** | **Iron & Steel — 1.8%** | **Iron & Steel — 1.8%** |
| Champion Iron Canada Inc., 7.88%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5843 | 6153444 |
| Cleveland-Cliffs Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.38%, 05/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 2902 | 2993096 |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 9862 | 10314084 |
| &nbsp;&nbsp;&nbsp; 7.63%, 01/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 8263 | 8573895 |
| Commercial Metals Co. |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/15/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 720 | 736293 |
| &nbsp;&nbsp;&nbsp; 6.00%, 12/15/35<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1140 | 1161287 |
|  |  | 29932099 |
| **Leisure Time — 0.6%** | **Leisure Time — 0.6%** | **Leisure Time — 0.6%** |
| Lindblad Expeditions LLC, 7.00%, 09/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 2377 | 2437811 |
| Patrick Industries Inc., 6.38%, 11/01/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6346 | 6499503 |
| Sabre GLBL Inc., 11.25%, 12/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1214 | 1247385 |
|  |  | 10184699 |

---

------

Schedule of Investments (unaudited)(continued)

November 30, 2025

**iShares® High Yield Systematic Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Lodging — 1.6%** | **Lodging — 1.6%** | **Lodging — 1.6%** |
| &nbsp;&nbsp;&nbsp; Hilton Grand Vacations Borrower <br> Escrow LLC/Hilton Grand Vacations <br> Borrower Esc<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 07/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; $6366 | $5896241 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 4689 | 4505334 |
| Station Casinos LLC, 4.63%, 12/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 6556 | 6203768 |
| Travel + Leisure Co., 4.50%, 12/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 8391 | 8186581 |
| &nbsp;&nbsp;&nbsp; Wynn Las Vegas LLC/Wynn Las Vegas Capital <br> Corp., 5.25%, 05/15/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 1246 | 1250723 |
|  |  | 26042647 |
| **Machinery — 0.6%** | **Machinery — 0.6%** | **Machinery — 0.6%** |
| Vertiv Group Corp., 4.13%, 11/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10030 | 9943111 |
| **Manufacturing — 0.3%** | **Manufacturing — 0.3%** | **Manufacturing — 0.3%** |
| LSB Industries Inc., 6.25%, 10/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5710 | 5681394 |
| **Media — 6.3%** | **Media — 6.3%** | **Media — 6.3%** |
| CCO Holdings LLC/CCO Holdings Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 02/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3366 | 3100865 |
| &nbsp;&nbsp;&nbsp; 4.25%, 01/15/34<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 11629 | 9853576 |
| &nbsp;&nbsp;&nbsp; 4.50%, 05/01/32<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 13627 | 12276132 |
| &nbsp;&nbsp;&nbsp; 4.50%, 06/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 10430 | 9162820 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 10065 | 9248076 |
| Discovery Communications LLC |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/20/37 | &nbsp;&nbsp;&nbsp; 7035 | 5983971 |
| &nbsp;&nbsp;&nbsp; 6.35%, 06/01/40 | &nbsp;&nbsp;&nbsp; 4736 | 4269741 |
| McGraw-Hill Education Inc., 7.38%, 09/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8089 | 8387670 |
| Nexstar Media Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 11/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 12114 | 12013433 |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/15/27<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1849 | 1850441 |
| Sinclair Television Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 7029 | 6203093 |
| &nbsp;&nbsp;&nbsp; 8.13%, 02/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 1804 | 1879353 |
| &nbsp;&nbsp;&nbsp; 9.75%, 02/15/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 4184 | 4560560 |
| TEGNA Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 03/15/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 11748 | 11606094 |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/15/29 | &nbsp;&nbsp;&nbsp; 3887 | 3851083 |
|  |  | 104246908 |
| **Metal Fabricate & Hardware — 0.2%** | **Metal Fabricate & Hardware — 0.2%** | **Metal Fabricate & Hardware — 0.2%** |
| Park-Ohio Industries Inc., 8.50%, 08/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 4002 | 4065432 |
| **Mining — 6.7%** | **Mining — 6.7%** | **Mining — 6.7%** |
| Aris Mining Corp., 8.00%, 10/31/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5211 | 5439659 |
| Eldorado Gold Corp., 6.25%, 09/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5923 | 5952616 |
| Endeavour Mining PLC, 7.00%, 05/28/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 5689 | 5881701 |
| First Quantum Minerals Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 8.63%, 06/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6528 | 6850026 |
| &nbsp;&nbsp;&nbsp; 9.38%, 03/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 10327 | 10915154 |
| Fortescue Treasury Pty Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 04/01/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4771 | 4602062 |
| &nbsp;&nbsp;&nbsp; 6.13%, 04/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 9127 | 9526544 |
| Hecla Mining Co., 7.25%, 02/15/28 | &nbsp;&nbsp;&nbsp; 2989 | 3003712 |
| IAMGOLD Corp., 5.75%, 10/15/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 5496 | 5508520 |
| Ivanhoe Mines Ltd., 7.88%, 01/23/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 9190 | 9430521 |
| Nickel Industries Ltd., 9.00%, 09/30/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7827 | 8138577 |
| Novelis Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 4.75%, 01/30/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 12596 | 12118643 |
| &nbsp;&nbsp;&nbsp; 6.88%, 01/30/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 4248 | 4401858 |
| Stillwater Mining Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 11/16/26<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 7352 | 7266476 |
| &nbsp;&nbsp;&nbsp; 4.50%, 11/16/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 6636 | 6246776 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Mining (continued)** | **Mining (continued)** | **Mining (continued)** |
| Taseko Mines Ltd., 8.25%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $5576 | $5913108 |
|  |  | 111195953 |
| **Office Furnishings — 0.3%** | **Office Furnishings — 0.3%** | **Office Furnishings — 0.3%** |
| Steelcase Inc., 5.13%, 01/18/29 | &nbsp;&nbsp;&nbsp; 5357 | 5248317 |
| **Oil & Gas — 6.3%** | **Oil & Gas — 6.3%** | **Oil & Gas — 6.3%** |
| BKV Upstream Midstream LLC, 7.50%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6472 | 6520036 |
| California Resources Corp., 8.25%, 06/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 10502 | 10987980 |
| CNX Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 4613 | 4630313 |
| &nbsp;&nbsp;&nbsp; 7.38%, 01/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4735 | 4915399 |
| Comstock Resources Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 10902 | 10935055 |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3489 | 3469778 |
| CVR Energy Inc., 8.50%, 01/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 7337 | 7545892 |
| &nbsp;&nbsp;&nbsp; Diamond Foreign Asset Co./Diamond Finance LLC, <br> 8.50%, 10/01/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 6426 | 6835445 |
| &nbsp;&nbsp;&nbsp; Gulfport Energy Operating Corp., 6.75%, <br> 09/01/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 7785 | 8036411 |
| Ithaca Energy North Sea PLC, 8.13%, 10/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8839 | 9252285 |
| Noble Finance II LLC, 8.00%, 04/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 11837 | 12297223 |
| Northern Oil & Gas Inc., 8.75%, 06/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 5210 | 5327204 |
| Talos Production Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 9.00%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6901 | 7197501 |
| &nbsp;&nbsp;&nbsp; 9.38%, 02/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 6509 | 6858872 |
|  |  | 104809394 |
| **Oil & Gas Services — 0.5%** | **Oil & Gas Services — 0.5%** | **Oil & Gas Services — 0.5%** |
| &nbsp;&nbsp;&nbsp; Archrock Partners LP/Archrock Partners Finance <br> Corp., 6.25%, 04/01/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 1659 | 1669186 |
| Bristow Group Inc., 6.88%, 03/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 1486 | 1496848 |
| Viridien, 10.00%, 10/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 5475 | 5771608 |
|  |  | 8937642 |
| **Packaging & Containers — 1.2%** | **Packaging & Containers — 1.2%** | **Packaging & Containers — 1.2%** |
| Ardagh Group SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 12/01/30, (5.50% Cash and 6.50% <br> PIK)<sup>(a)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 2158 | 1952990 |
| &nbsp;&nbsp;&nbsp; 9.50%, 12/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1030 | 1110524 |
| &nbsp;&nbsp;&nbsp; Ardagh Metal Packaging Finance USA LLC/Ardagh <br> Metal Packaging Finance PLC, 4.00%, <br> 09/01/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1150 | 1070351 |
| Klabin Austria GmbH, 7.00%, 04/03/49<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 8059 | 8494992 |
| Owens-Brockway Glass Container Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 7.25%, 05/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 4814 | 4874175 |
| &nbsp;&nbsp;&nbsp; 7.38%, 06/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 3018 | 3036259 |
|  |  | 20539291 |
| **Pharmaceuticals — 1.1%** | **Pharmaceuticals — 1.1%** | **Pharmaceuticals — 1.1%** |
| Elanco Animal Health Inc., 6.65%, 08/28/28<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 8083 | 8472051 |
| Grifols SA, 4.75%, 10/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 9211 | 9005192 |
|  |  | 17477243 |
| **Pipelines — 4.7%** | **Pipelines — 4.7%** | **Pipelines — 4.7%** |
| &nbsp;&nbsp;&nbsp; Delek Logistics Partners LP/Delek Logistics <br> Finance Corp., 8.63%, 03/15/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 11843 | 12413311 |
| Genesis Energy LP/Genesis Energy Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 7.88%, 05/15/32<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 3054 | 3150299 |
| &nbsp;&nbsp;&nbsp; 8.00%, 05/15/33<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 6763 | 6977096 |
| &nbsp;&nbsp;&nbsp; 8.88%, 04/15/30 | &nbsp;&nbsp;&nbsp; 5385 | 5688892 |
| &nbsp;&nbsp;&nbsp; NGL Energy Operating LLC/NGL Energy Finance <br> Corp., 8.38%, 02/15/32<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 6001 | 6221303 |
| Venture Global LNG Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 8.13%, 06/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 4844 | 4961583 |

---

------

Schedule of Investments (unaudited)(continued)

November 30, 2025

**iShares® High Yield Systematic Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Pipelines (continued)** | **Pipelines (continued)** | **Pipelines (continued)** |
| &nbsp;&nbsp;&nbsp; 8.38%, 06/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; $8698 | $8719484 |
| &nbsp;&nbsp;&nbsp; 9.88%, 02/01/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 11228 | 11689830 |
| Venture Global Plaquemines LNG LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 01/15/36<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2772 | 2905451 |
| &nbsp;&nbsp;&nbsp; 7.50%, 05/01/33<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3139 | 3420493 |
| &nbsp;&nbsp;&nbsp; 7.75%, 05/01/35<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 11044 | 12303999 |
|  |  | 78451741 |
| **Real Estate — 2.3%** | **Real Estate — 2.3%** | **Real Estate — 2.3%** |
| &nbsp;&nbsp;&nbsp; Anywhere Real Estate Group LLC/Anywhere <br> Co-Issuer Corp., 7.00%, 04/15/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 5908 | 5933009 |
| &nbsp;&nbsp;&nbsp; Anywhere Real Estate Group LLC/Realogy <br> Co-Issuer Corp., 9.75%, 04/15/30<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 5571 | 6052084 |
| &nbsp;&nbsp;&nbsp; Cushman & Wakefield U.S. Borrower LLC, 6.75%, <br> 05/15/28<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 6455 | 6525527 |
| Five Point Operating Co. LP, 8.00%, 10/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5369 | 5605365 |
| Howard Hughes Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 4.13%, 02/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7465 | 7246758 |
| &nbsp;&nbsp;&nbsp; 4.38%, 02/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 7111 | 6793615 |
|  |  | 38156358 |
| **Real Estate Investment Trusts — 5.7%** | **Real Estate Investment Trusts — 5.7%** | **Real Estate Investment Trusts — 5.7%** |
| &nbsp;&nbsp;&nbsp; Apollo Commercial Real Estate Finance Inc., <br> 4.63%, 06/15/29<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 6298 | 6118621 |
| &nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust Inc., 7.75%, <br> 12/01/29<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 5331 | 5593797 |
| &nbsp;&nbsp;&nbsp; Brookfield Property REIT Inc./BPR <br> Cumulus LLC/BPR Nimbus LLC/GGSI <br> Sellco LLC, 4.50%, 04/01/27<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 6144 | 6037840 |
| Diversified Healthcare Trust, 4.38%, 03/01/31<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 6975 | 6138917 |
| Iron Mountain Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1847 | 1766557 |
| &nbsp;&nbsp;&nbsp; 5.25%, 03/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 711 | 709747 |
| &nbsp;&nbsp;&nbsp; 5.63%, 07/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2243 | 2230233 |
| MPT Operating Partnership LP/MPT Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/15/31 | &nbsp;&nbsp;&nbsp; 1193 | 874644 |
| &nbsp;&nbsp;&nbsp; 4.63%, 08/01/29 | &nbsp;&nbsp;&nbsp; 13659 | 11503057 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/15/27<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 6760 | 6533193 |
| &nbsp;&nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic <br> Property LLC/PK Finance Co-Issuer<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 6876 | 6674417 |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 4035 | 4038817 |
| Rithm Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 04/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8970 | 9164147 |
| &nbsp;&nbsp;&nbsp; 8.00%, 07/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4490 | 4576500 |
| RLJ Lodging Trust, 4.00%, 09/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 6537 | 6177453 |
| Starwood Property Trust Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/27<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 3809 | 3784397 |
| &nbsp;&nbsp;&nbsp; 6.50%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5766 | 6010559 |
| XHR LP, 4.88%, 06/01/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 6224 | 6113823 |
|  |  | 94046719 |
| **Retail — 4.6%** | **Retail — 4.6%** | **Retail — 4.6%** |
| Arko Corp., 5.13%, 11/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 3495 | 2913548 |
| Bath & Body Works Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 07/01/36<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 6605 | 6534186 |
| &nbsp;&nbsp;&nbsp; 6.88%, 11/01/35<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 7315 | 7322205 |
| Brinker International Inc., 8.25%, 07/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 2607 | 2765897 |
| FirstCash Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 09/01/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5508 | 5453744 |
| &nbsp;&nbsp;&nbsp; 5.63%, 01/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6180 | 6218718 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Retail (continued)** | **Retail (continued)** | **Retail (continued)** |
| Gap Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 10/01/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $8875 | $8418622 |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 5735 | 5319266 |
| Kohl's Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 05/01/31<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 8917 | 7658436 |
| &nbsp;&nbsp;&nbsp; 10.00%, 06/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 3933 | 4303319 |
| Macy's Retail Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.13%, 03/15/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 1590 | 1597567 |
| &nbsp;&nbsp;&nbsp; 7.38%, 08/01/33<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 5784 | 6085792 |
| QXO Building Products Inc., 6.75%, 04/30/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 11612 | 12126597 |
|  |  | 76717897 |
| **Software — 1.3%** | **Software — 1.3%** | **Software — 1.3%** |
| CoreWeave Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 9.00%, 02/01/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 4735 | 4284674 |
| &nbsp;&nbsp;&nbsp; 9.25%, 06/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 11572 | 10676390 |
| &nbsp;&nbsp;&nbsp; Pagaya U.S. Holdings Co. LLC, 8.88%, <br> 08/01/30<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 2181 | 1964434 |
| ROBLOX Corp., 3.88%, 05/01/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5010 | 4790204 |
|  |  | 21715702 |
| **Telecommunications — 6.3%** | **Telecommunications — 6.3%** | **Telecommunications — 6.3%** |
| Cipher Compute LLC, 7.13%, 11/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 2365 | 2402698 |
| CommScope LLC |  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 07/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 6622 | 6629781 |
| &nbsp;&nbsp;&nbsp; 9.50%, 12/15/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6425 | 6517905 |
| EchoStar Corp., 10.75%, 11/30/29 | &nbsp;&nbsp;&nbsp; 10222 | 11269927 |
| GCI LLC, 4.75%, 10/15/28<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7607 | 7371499 |
| Level 3 Financing Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 10/15/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 6413 | 5737730 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/15/31<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 6135 | 5398775 |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/01/30<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 8631 | 7951309 |
| &nbsp;&nbsp;&nbsp; 4.88%, 06/15/29<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 3118 | 2969895 |
| Millicom International Cellular SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 04/27/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10220 | 9485296 |
| &nbsp;&nbsp;&nbsp; 7.38%, 04/02/32<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 4965 | 5181961 |
| Viasat Inc., 7.50%, 05/30/31<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10301 | 9766006 |
| WULF Compute LLC, 7.75%, 10/15/30<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 12159 | 12571439 |
| Zegona Finance PLC, 8.63%, 07/15/29<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10159 | 10762295 |
|  |  | 104016516 |
| **Transportation — 0.4%** | **Transportation — 0.4%** | **Transportation — 0.4%** |
| Danaos Corp., 6.88%, 10/15/32<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6430 | 6544280 |
| **Trucking & Leasing — 0.7%** | **Trucking & Leasing — 0.7%** | **Trucking & Leasing — 0.7%** |
| FTAI Aviation Investors LLC, 5.50%, 05/01/28<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 11253 | 11296695 |
| **Total Corporate Bonds & Notes — 97.6%** <br>**(Cost: $1,590,195,197)** | **Total Corporate Bonds & Notes — 97.6%** <br>**(Cost: $1,590,195,197)** | 1618132281 |
|  | &nbsp;&nbsp; *Shares* |  |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Metals & Mining — 0.1%** | **Metals & Mining — 0.1%** | **Metals & Mining — 0.1%** |
| Yeoman CAP S.A., NVS<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 356469 | 2068501 |
| **Total Common Stocks — 0.1%** <br>**(Cost $5,823,631)** | **Total Common Stocks — 0.1%** <br>**(Cost $5,823,631)** | 2068501 |
| **Total Long-Term Investments — 97.7%** <br>**(Cost: $1,596,018,828)** | **Total Long-Term Investments — 97.7%** <br>**(Cost: $1,596,018,828)** | 1620200782 |

---

------

Schedule of Investments (unaudited)(continued)

November 30, 2025

**iShares® High Yield Systematic Bond ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 18.2%** | **Money Market Funds — 18.2%** | **Money Market Funds — 18.2%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 4.11%<sup>(e)(f)(g)</sup><br>| &nbsp;&nbsp;&nbsp; 285183937 | $285326529 |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 3.94%<sup>(e)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 16330000 | 16330000 |
| **Total Short-Term Securities — 18.2%** <br>**(Cost: $301,606,079)** | **Total Short-Term Securities — 18.2%** <br>**(Cost: $301,606,079)** | 301656529 |
| **Total Investments — 115.9%** <br>**(Cost: $1,897,624,907)** | **Total Investments — 115.9%** <br>**(Cost: $1,897,624,907)** | 1921857311 |
| **Liabilities in Excess of Other Assets — (15.9)%** | **Liabilities in Excess of Other Assets — (15.9)%** | (263253540)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $1658603771 |

---

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

<sup>(a)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

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

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

<sup>(d)</sup> Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. 

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

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

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

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

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended November 30, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*02/28/25*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*11/30/25*<br>| *Shares* <br>*Held at* <br>*11/30/25*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, <br> SL Agency Shares<br>| $290875869 | $— | &nbsp;&nbsp; $(5538019 )<sup>(a)</sup><br>| &nbsp;&nbsp; $(30022)<br>| $18701 | $285326529 | 285183937 | $1493296 <br><sup>(b)</sup><br>| $— |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL <br> Agency Shares<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6030000 | 10300000 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 16330000 | 16330000 | &nbsp;&nbsp;&nbsp;&nbsp; 352813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  | $(30022) | $18701 | $301656529 |  | $1846109 | $— |

---

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

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

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

**Fair Value Hierarchy as of Period End** 

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

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

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

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

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable

------

Schedule of Investments (unaudited)(continued)

November 30, 2025

**iShares® High Yield Systematic Bond ETF**

**Fair Value Hierarchy as of Period End (continued)**

inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1618132281 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1618132281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2068501 | &nbsp;&nbsp; 2068501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 301656529 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 301656529 |
|  | &nbsp;&nbsp; $301656529 | &nbsp;&nbsp; $1618132281 | &nbsp;&nbsp; $2068501 | &nbsp;&nbsp; $1921857311 |

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| NVS | Non-Voting Shares |
| PIK | Payment-in-kind |
| REIT | Real Estate Investment Trust |

---

------

## 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 High Yield Systematic Bond ETF

- **b. EDGAR series identifier (if any):** S000057341

- **c. LEI of Series:** 54930005IQ49IXN46616

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-11-30

**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:** $2247250820.31

**Total Liabilities:** $588642676.57

**Net Assets:** $1658608143.74

**Delayed Delivery Securities:** $5535000.00

**Cash Not Reported:** $88229.24

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 6.50000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 2717.64000000 | **1-Year:** 43380.55000000 | **5-Year:** 387332.75000000 | **10-Year:** 38315.19000000 | **30-Year:** 25507.28000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000182992 | 0.93%                | 0.00%                | 0.57%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2996697.99             | $8065435.23                                |
| Month 2  | $300171.38               | $-10066792.68                              |
| Month 3  | $-2198264.45             | $2679754.17                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ADT SEC CORP                                   | ADT Security Corp/The                                                            | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   5697000 | PA      | $5542913.24   | 0.33%             | 2029-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: —       |
| AMC ENTERTAINMENT HLDGS                        | AMC Entertainment Holdings Inc                                                   | CUSIP: 00165CBA1<br>LEI: 549300ZO77UNR6NRBR11 | Long             | DBT              | CORP              | US        |   4818000 | PA      | $4329413.94   | 0.26%             | 2029-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| ASGN INCORPORATED                              | ASGN Inc                                                                         | CUSIP: 00191UAA0<br>LEI: LZBNYYCBUKY537072438 | Long             | DBT              | CORP              | US        |   6618000 | PA      | $6483749.24   | 0.39%             | 2028-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ADTALEM GLOBAL EDUCATION                       | Adtalem Global Education Inc                                                     | CUSIP: 00737WAA7<br>LEI: 549300Z467EZLMODV621 | Long             | DBT              | CORP              | US        |   1754000 | PA      | $1750043.85   | 0.11%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                         | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AC5<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   3412000 | PA      | $3409460.79   | 0.21%             | 2027-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ALLIANCE RES OP/FINANCE                        | Alliance Resource Operating Partners LP / Alliance Resource Finance Corp         | CUSIP: 01879NAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3666000 | PA      | $3866845.48   | 0.23%             | 2029-06-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: —       |
| ALLISON TRANSMISSION INC                       | Allison Transmission Inc                                                         | CUSIP: 019736AF4<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |   3023000 | PA      | $3067858.30   | 0.18%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| ALLY FINANCIAL INC                             | Ally Financial Inc                                                               | CUSIP: 02005NBS8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   5803000 | PA      | $6075194.18   | 0.37%             | 2033-02-14      | Fixed         | 6.70%                 | No            |                  2 | On Loan: —       |
| AMERICAN AIRLINES INC                          | American Airlines Inc                                                            | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   8203000 | PA      | $8397542.76   | 0.51%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| AMERICAN AIRLINES INC                          | American Airlines Inc                                                            | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   4436000 | PA      | $4634040.16   | 0.28%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| AMERIGAS PART/FIN CORP                         | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AL8<br>LEI: H36E1IF6YS0OBMHM6168 | Long             | DBT              | CORP              | US        |   5794000 | PA      | $5816648.75   | 0.35%             | 2027-05-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                         | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AM6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5377000 | PA      | $5582277.73   | 0.34%             | 2028-06-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                         | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2239000 | PA      | $2372901.16   | 0.14%             | 2030-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| APOLLO CMMRL REAL EST FI                       | Apollo Commercial Real Estate Finance Inc                                        | CUSIP: 03762UAD7<br>LEI: 549300E0AN7M2AQHSY29 | Long             | DBT              |  | US        |   6298000 | PA      | $6118620.99   | 0.37%             | 2029-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| ARCHROCK PARTNERS LP/FIN                       | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1659000 | PA      | $1669186.26   | 0.10%             | 2028-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARDAGH GROUP SA                                | Ardagh Group SA                                                                  | CUSIP: 03969UAA4<br>LEI: 6354006L1NWUUOPYX274 | Long             | DBT              | CORP              | LU        |   2158000 | PA      | $1952990.00   | 0.12%             | 2030-12-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                         | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1150000 | PA      | $1070350.54   | 0.06%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| ARDAGH GROUP SA                                | Ardagh Group SA                                                                  | CUSIP: 039959AA9<br>LEI: 6354006L1NWUUOPYX274 | Long             | DBT              | CORP              | LU        |   1030297 | PA      | $1110524.17   | 0.07%             | 2030-12-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ARIS MINING CORP                               | Aris Mining Corp                                                                 | CUSIP: 04040YAB5<br>LEI: 5493001GJ5TILX6L1F82 | Long             | DBT              | CORP              | CA        |   5211000 | PA      | $5439658.68   | 0.33%             | 2029-10-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ARKO CORP                                      | Arko Corp                                                                        | CUSIP: 041242AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3495000 | PA      | $2913547.68   | 0.18%             | 2029-11-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| ASTON MARTIN CAPITAL HOL                       | Aston Martin Capital Holdings Ltd                                                | CUSIP: 04625HAJ8<br>LEI: 213800H4GKEF3CJ8C774 | Long             | DBT              | CORP              | JE        |  13143000 | PA      | $11623817.72  | 0.70%             | 2029-03-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: —       |
| AVIS BUDGET CAR/FINANCE                        | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5510000 | PA      | $5626894.65   | 0.34%             | 2031-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| AVIS BUDGET CAR/FINANCE                        | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3315000 | PA      | $3413924.37   | 0.21%             | 2030-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| AVIS BUDGET CAR/FINANCE                        | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6741000 | PA      | $6940762.79   | 0.42%             | 2032-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| BKV UPSTREAM MIDSTREAM L                       | BKV Upstream Midstream LLC                                                       | CUSIP: 05619CAA3<br>LEI: 254900LG75NBYHBBAU18 | Long             | DBT              | CORP              | US        |   6472000 | PA      | $6520036.54   | 0.39%             | 2030-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BALDWIN INSUR GRP/FIN                          | Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance  | CUSIP: 05825XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7118000 | PA      | $7389188.68   | 0.45%             | 2031-05-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| BIOCON BIOLOGICS GLOBAL                        | Biocon Biologics Global PLC                                                      | CUSIP: 090978AA5<br>LEI: 254900PMQN51VACG2D55 | Long             | DBT              | CORP              | GB        |   9949000 | PA      | $9802628.62   | 0.59%             | 2029-10-09      | Fixed         | 6.67%                 | No            |                  2 | On Loan: —       |
| BLACKSTONE MORTGAGE TR                         | Blackstone Mortgage Trust Inc                                                    | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              |  | US        |   5331000 | PA      | $5593796.98   | 0.34%             | 2029-12-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BRINKER INTERNATIONAL IN                       | Brinker International Inc                                                        | CUSIP: 109641AK6<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |   2607000 | PA      | $2765896.65   | 0.17%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| BRISTOW GROUP INC                              | Bristow Group Inc                                                                | CUSIP: 11040GAA1<br>LEI: 5493005Q24EN3UC1PV68 | Long             | DBT              | CORP              | US        |   1486000 | PA      | $1496847.80   | 0.09%             | 2028-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| BROOKFIELD RESID PROPERT                       | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   6772000 | PA      | $6779713.31   | 0.41%             | 2027-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| BROOKFIELD RESID PROPERT                       | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   6483000 | PA      | $6012982.50   | 0.36%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| BROOKFIELD PPTY REIT INC                       | Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL | CUSIP: 11284DAC9<br>LEI: N/A                  | Long             | DBT              |  | US        |   6144000 | PA      | $6037839.67   | 0.36%             | 2027-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                       | Builders FirstSource Inc                                                         | CUSIP: 12008RAR8<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   7297000 | PA      | $7599752.53   | 0.46%             | 2032-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| BURFORD CAPITAL GLBL FIN                       | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAA7<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   1340000 | PA      | $1335966.60   | 0.08%             | 2028-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                       | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAC3<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   2490000 | PA      | $2448835.82   | 0.15%             | 2030-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN                       | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAE9<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   7717000 | PA      | $8018896.76   | 0.48%             | 2031-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: —       |
| BURFORD CAPITAL GLBL FIN                       | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   2311000 | PA      | $2259326.04   | 0.14%             | 2033-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3366000 | PA      | $3100865.23   | 0.19%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10430000 | PA      | $9162819.67   | 0.55%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13627000 | PA      | $12276132.32  | 0.74%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11629000 | PA      | $9853576.15   | 0.59%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10065000 | PA      | $9248076.29   | 0.56%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| VIRIDIEN                                       | Viridien                                                                         | CUSIP: 12531QAA3<br>LEI: 969500FCVQ5SLAAUJV59 | Long             | DBT              | CORP              | FR        |   5475000 | PA      | $5771608.13   | 0.35%             | 2030-10-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: —       |
| CNX RESOURCES CORP                             | CNX Resources Corp                                                               | CUSIP: 12653CAJ7<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |   4613000 | PA      | $4630312.59   | 0.28%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| CNX RESOURCES CORP                             | CNX Resources Corp                                                               | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |   4735000 | PA      | $4915398.77   | 0.30%             | 2031-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                 | CVR Energy Inc                                                                   | CUSIP: 12662PAF5<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |   7337000 | PA      | $7545891.73   | 0.45%             | 2029-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| CVR PARTNERS/CVR NITROGE                       | CVR Partners LP / CVR Nitrogen Finance Corp                                      | CUSIP: 12663QAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6936000 | PA      | $6917295.69   | 0.42%             | 2028-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CRP                       | California Resources Corp                                                        | CUSIP: 13057QAK3<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |  10502000 | PA      | $10987980.05  | 0.66%             | 2029-06-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese US Holdings LLC                                                         | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   7928000 | PA      | $8279622.66   | 0.50%             | 2033-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: —       |
| CENTURY COMMUNITIES                            | Century Communities Inc                                                          | CUSIP: 156504AM4<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |   6240000 | PA      | $5928130.42   | 0.36%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CHAMPION IRON CANADA INC                       | Champion Iron Canada Inc                                                         | CUSIP: 15853BAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   5843000 | PA      | $6153444.43   | 0.37%             | 2032-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CIPHER COMPUTE LLC                             | Cipher Compute LLC                                                               | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2365000 | PA      | $2402697.65   | 0.14%             | 2030-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   2902000 | PA      | $2993095.52   | 0.18%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   9862000 | PA      | $10314083.94  | 0.62%             | 2031-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs Inc                                                             | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   8263000 | PA      | $8573895.38   | 0.52%             | 2034-01-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: —       |
| COINBASE GLOBAL INC                            | Coinbase Global Inc                                                              | CUSIP: 19260QAC1<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |  13770000 | PA      | $13021906.19  | 0.79%             | 2028-10-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: —       |
| COINBASE GLOBAL INC                            | Coinbase Global Inc                                                              | CUSIP: 19260QAD9<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |    390000 | PA      | $346711.64    | 0.02%             | 2031-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: —       |
| COMMERCIAL METALS CO                           | Commercial Metals Co                                                             | CUSIP: 201723AS2<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |    720000 | PA      | $736292.79    | 0.04%             | 2033-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL METALS CO                           | Commercial Metals Co                                                             | CUSIP: 201723AV5<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1161287.39   | 0.07%             | 2035-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                  | CommScope LLC                                                                    | CUSIP: 203372AV9<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |   6622000 | PA      | $6629780.85   | 0.40%             | 2028-07-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| COMMSCOPE LLC                                  | CommScope LLC                                                                    | CUSIP: 20338MAA0<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |   6425000 | PA      | $6517905.50   | 0.39%             | 2031-12-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                         | Comstock Resources Inc                                                           | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |  10902000 | PA      | $10935054.86  | 0.66%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| COMSTOCK RESOURCES INC                         | Comstock Resources Inc                                                           | CUSIP: 205768AU8<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   3489000 | PA      | $3469778.40   | 0.21%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CONDUENT BUS SERVICES                          | Conduent Business Services LLC / Conduent State & Local Solutions Inc            | CUSIP: 20679LAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6788000 | PA      | $5930233.70   | 0.36%             | 2029-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| COREWEAVE INC                                  | CoreWeave Inc                                                                    | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |  11572000 | PA      | $10676389.34  | 0.64%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: —       |
| COREWEAVE INC                                  | CoreWeave Inc                                                                    | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   4735000 | PA      | $4284673.56   | 0.26%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: —       |
| CREDIT ACCEPTANC                               | Credit Acceptance Corp                                                           | CUSIP: 225310AQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5784000 | PA      | $6069648.62   | 0.37%             | 2028-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC                               | Credit Acceptance Corp                                                           | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6607000 | PA      | $6558970.68   | 0.40%             | 2030-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| CUSHMAN & WAKEFIELD US                         | Cushman & Wakefield US Borrower LLC                                              | CUSIP: 23166MAA1<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |   6455000 | PA      | $6525527.33   | 0.39%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DANAOS CORP                                    | Danaos Corp                                                                      | CUSIP: 23585WAC8<br>LEI: 734IM3DNDNT36T7YTD24 | Long             | DBT              | CORP              | MH        |   6430000 | PA      | $6544280.39   | 0.39%             | 2032-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                     | DaVita Inc                                                                       | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |  12575000 | PA      | $12196966.58  | 0.74%             | 2030-06-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                     | DaVita Inc                                                                       | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   6792000 | PA      | $6298273.90   | 0.38%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                         | Delek Logistics Partners LP / Delek Logistics Finance Corp                       | CUSIP: 24665FAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11843000 | PA      | $12413311.51  | 0.75%             | 2029-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| DELUXE CORP                                    | Deluxe Corp                                                                      | CUSIP: 248019AU5<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |   5908000 | PA      | $5975085.34   | 0.36%             | 2029-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| DELUXE CORP                                    | Deluxe Corp                                                                      | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |   5224000 | PA      | $5502736.97   | 0.33%             | 2029-09-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: —       |
| DIAMOND FRGN/DIAMOND FIN                       | Diamond Foreign Asset Co / Diamond Finance LLC                                   | CUSIP: 25260WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   6426000 | PA      | $6835445.44   | 0.41%             | 2030-10-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| DIEBOLD NIXDORF INC                            | Diebold Nixdorf Inc                                                              | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |  10648000 | PA      | $11305194.56  | 0.68%             | 2030-03-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                       | Discovery Communications LLC                                                     | CUSIP: 25470DBY4<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |   7035000 | PA      | $5983971.00   | 0.36%             | 2037-09-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                       | Discovery Communications LLC                                                     | CUSIP: 25470DBZ1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |   4736000 | PA      | $4269740.80   | 0.26%             | 2040-06-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T                       | Diversified Healthcare Trust                                                     | CUSIP: 25525PAB3<br>LEI: N/A                  | Long             | DBT              |  | US        |   6975000 | PA      | $6138917.21   | 0.37%             | 2031-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| ECHOSTAR CORP                                  | EchoStar Corp                                                                    | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |  10222156 | PA      | $11269926.99  | 0.68%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC                       | Elanco Animal Health Inc                                                         | CUSIP: 28414HAG8<br>LEI: 549300SHPNDCE059M934 | Long             | DBT              | CORP              | US        |   8083000 | PA      | $8472050.96   | 0.51%             | 2028-08-28      | Fixed         | 6.65%                 | No            |                  2 | On Loan: —       |
| ELDORADO GOLD CORP                             | Eldorado Gold Corp                                                               | CUSIP: 284902AF0<br>LEI: 5493004PWQ01YDD1IH62 | Long             | DBT              | CORP              | CA        |   5923000 | PA      | $5952616.30   | 0.36%             | 2029-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EMBECTA CORP                                   | Embecta Corp                                                                     | CUSIP: 29082KAA3<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |   6226000 | PA      | $5934069.71   | 0.36%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| EMERGENT BIOSOLUTIONS                          | Emergent BioSolutions Inc                                                        | CUSIP: 29089QAC9<br>LEI: 549300YW6TUOX8BE5103 | Long             | DBT              | CORP              | US        |   6404000 | PA      | $5715250.44   | 0.34%             | 2028-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ENDEAVOUR MINING PLC                           | Endeavour Mining PLC                                                             | CUSIP: 29261HAB1<br>LEI: 529900NI5MXQ91GHXR07 | Long             | DBT              | CORP              | GB        |   5689000 | PA      | $5881700.65   | 0.35%             | 2030-05-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| ENOVA INTERNATIONAL INC                        | Enova International Inc                                                          | CUSIP: 29357KAH6<br>LEI: 549300O8XOCQSB49UO63 | Long             | DBT              | CORP              | US        |   3095000 | PA      | $3296144.05   | 0.20%             | 2028-12-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| ENOVA INTERNATIONAL INC                        | Enova International Inc                                                          | CUSIP: 29357KAK9<br>LEI: 549300O8XOCQSB49UO63 | Long             | DBT              | CORP              | US        |   5701000 | PA      | $6022542.10   | 0.36%             | 2029-08-01      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| SK INVICTUS INTERMEDIATE                       | SK Invictus Intermediate II Sarl                                                 | CUSIP: 29977LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   8531000 | PA      | $8396188.87   | 0.51%             | 2029-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                       | Fortescue Treasury Pty Ltd                                                       | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |   4771000 | PA      | $4602062.52   | 0.28%             | 2031-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                       | Fortescue Treasury Pty Ltd                                                       | CUSIP: 30251GBE6<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |   9127000 | PA      | $9526543.55   | 0.57%             | 2032-04-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| FIRSTCASH INC                                  | FirstCash Inc                                                                    | CUSIP: 31944TAA8<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   6180000 | PA      | $6218717.70   | 0.37%             | 2030-01-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                       | First Quantum Minerals Ltd                                                       | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   6528000 | PA      | $6850026.24   | 0.41%             | 2031-06-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                       | First Quantum Minerals Ltd                                                       | CUSIP: 335934AV7<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |  10327000 | PA      | $10915153.63  | 0.66%             | 2029-03-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: —       |
| FIRSTCASH INC                                  | FirstCash Inc                                                                    | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   5508000 | PA      | $5453744.55   | 0.33%             | 2028-09-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FIVE POINT OPERATING CO                        | Five Point Operating Co LP                                                       | CUSIP: 33834YAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5369000 | PA      | $5605364.86   | 0.34%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                        | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |  11253000 | PA      | $11296695.40  | 0.68%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| FORTREA HOLDINGS INC                           | Fortrea Holdings Inc                                                             | CUSIP: 34965KAA5<br>LEI: 5493000FIVFABOVCDU97 | Long             | DBT              | CORP              | US        |   6776000 | PA      | $6801775.90   | 0.41%             | 2030-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| GCI LLC                                        | GCI LLC                                                                          | CUSIP: 36166TAB6<br>LEI: 549300N3IE9H88Q20221 | Long             | DBT              | CORP              | US        |   7607000 | PA      | $7371499.45   | 0.44%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                    | Gap Inc/The                                                                      | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |   8875000 | PA      | $8418621.76   | 0.51%             | 2029-10-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                    | Gap Inc/The                                                                      | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |   5735000 | PA      | $5319266.41   | 0.32%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| GARRETT MOTION HLD/SARL                        | Garrett Motion Holdings Inc / Garrett LX I Sarl                                  | CUSIP: 366504AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9436000 | PA      | $9970087.04   | 0.60%             | 2032-05-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                          | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5385000 | PA      | $5688891.71   | 0.34%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                          | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3054000 | PA      | $3150298.73   | 0.19%             | 2032-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| GENESIS ENERGY LP/FIN                          | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6763000 | PA      | $6977096.22   | 0.42%             | 2033-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| GENMAB A/S/GENMAB FIN                          | GENMAB A/S/GENMAB FINANCE LLC                                                    | CUSIP: 37230JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | DK        |   1310000 | PA      | $1346982.66   | 0.08%             | 2032-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GENMAB A/S/GENMAB FIN                          | GENMAB A/S/GENMAB FINANCE LLC                                                    | CUSIP: 37230JAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | DK        |    685000 | PA      | $717391.60    | 0.04%             | 2033-12-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GETTY IMAGES INC                               | Getty Images Inc                                                                 | CUSIP: 374276AM5<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |   7031000 | PA      | $6750067.25   | 0.41%             | 2030-02-21      | Fixed         | 11.25%                | No            |                  2 | On Loan: —       |
| GETTY IMAGES INC                               | Getty Images Inc                                                                 | CUSIP: 374276AR4<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |   5110000 | PA      | $5221081.18   | 0.31%             | 2030-11-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: —       |
| GOEASY LTD                                     | goeasy Ltd                                                                       | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   3800000 | PA      | $3913274.20   | 0.24%             | 2028-12-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                     | goeasy Ltd                                                                       | CUSIP: 380355AJ6<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   5369000 | PA      | $5323575.04   | 0.32%             | 2029-07-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                     | goeasy Ltd                                                                       | CUSIP: 380355AN7<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    348000 | PA      | $336807.94    | 0.02%             | 2030-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                     | Grifols SA                                                                       | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |   9211000 | PA      | $9005192.18   | 0.54%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OP CORP                        | Gulfport Energy Operating Corp                                                   | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |   7785000 | PA      | $8036410.58   | 0.48%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| HECLA MINING CO                                | Hecla Mining Co                                                                  | CUSIP: 422704AH9<br>LEI: 5493009Y6HOBZD1QD537 | Long             | DBT              | CORP              | US        |   2989000 | PA      | $3003711.86   | 0.18%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                       | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc        | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4689000 | PA      | $4505334.21   | 0.27%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                       | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc        | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6366000 | PA      | $5896240.76   | 0.36%             | 2031-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| HOWARD HUGHES CORP                             | Howard Hughes Corp/The                                                           | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |   7465000 | PA      | $7246758.49   | 0.44%             | 2029-02-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                             | Howard Hughes Corp/The                                                           | CUSIP: 44267DAF4<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |   7111000 | PA      | $6793615.45   | 0.41%             | 2031-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| IHS HOLDING LTD                                | IHS Holding Ltd                                                                  | CUSIP: 44963HAC9<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |   6184000 | PA      | $6309577.44   | 0.38%             | 2030-05-29      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                                | IHS Holding Ltd                                                                  | CUSIP: 44963HAD7<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |   7300000 | PA      | $7569300.80   | 0.46%             | 2031-11-29      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| IAMGOLD CORP                                   | IAMGOLD Corp                                                                     | CUSIP: 450913AF5<br>LEI: 254900E7II30XAB9LA72 | Long             | DBT              | CORP              | CA        |   5496000 | PA      | $5508519.89   | 0.33%             | 2028-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| ICAHN ENTERPRISES/FIN                          | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7948000 | PA      | $8007292.08   | 0.48%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: —       |
| ICAHN ENTERPRISES/FIN                          | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9121000 | PA      | $9172296.50   | 0.55%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                              | Iron Mountain Inc                                                                | CUSIP: 46284VAE1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    711000 | PA      | $709747.36    | 0.04%             | 2028-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                              | Iron Mountain Inc                                                                | CUSIP: 46284VAL5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |   2243000 | PA      | $2230233.29   | 0.13%             | 2032-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                              | Iron Mountain Inc                                                                | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |   1847000 | PA      | $1766556.69   | 0.11%             | 2031-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ITHACA ENERGY NORTH                            | Ithaca Energy North Sea PLC                                                      | CUSIP: 46567TAC8<br>LEI: 213800BMMUN3AKWBIO91 | Long             | DBT              | CORP              | GB        |   8839000 | PA      | $9252285.12   | 0.56%             | 2029-10-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| IVANHOE MINES LTD                              | Ivanhoe Mines Ltd                                                                | CUSIP: 46579RAE4<br>LEI: 5299006XZISURYIA4G32 | Long             | DBT              | CORP              | CA        |   9190000 | PA      | $9430520.68   | 0.57%             | 2030-01-23      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| JAGUAR LAND ROVER AUTOMO                       | Jaguar Land Rover Automotive PLC                                                 | CUSIP: 47010BAF1<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |   3873000 | PA      | $3817491.00   | 0.23%             | 2027-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO                       | Jaguar Land Rover Automotive PLC                                                 | CUSIP: 47010BAM6<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |   2239000 | PA      | $2242230.88   | 0.14%             | 2029-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                        | JetBlue Airways Corp / JetBlue Loyalty LP                                        | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |  12849000 | PA      | $12691595.38  | 0.77%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: —       |
| KLABIN AUSTRIA GMBH                            | Klabin Austria GmbH                                                              | CUSIP: 49836AAB0<br>LEI: 984500578YEA8DD41B09 | Long             | DBT              | CORP              | AT        |   8059000 | PA      | $8494991.90   | 0.51%             | 2049-04-03      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| KOHL'S CORPORATION                             | Kohl's Corp                                                                      | CUSIP: 500255AX2<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |   8917000 | PA      | $7658435.89   | 0.46%             | 2031-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| KOHL'S CORPORATION                             | Kohl's Corp                                                                      | CUSIP: 500255AY0<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |   3933000 | PA      | $4303319.48   | 0.26%             | 2030-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: —       |
| KORN/FERRY INTERNATIONAL                       | Korn Ferry                                                                       | CUSIP: 50067PAA7<br>LEI: 549300FOD20OM0GT5G40 | Long             | DBT              | CORP              | US        |   1417000 | PA      | $1416947.15   | 0.09%             | 2027-12-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| BATH & BODY WORKS INC                          | Bath & Body Works Inc                                                            | CUSIP: 501797AL8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   7315000 | PA      | $7322205.28   | 0.44%             | 2035-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| BATH & BODY WORKS INC                          | Bath & Body Works Inc                                                            | CUSIP: 501797AM6<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   6605000 | PA      | $6534185.81   | 0.39%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| LSB INDUSTRIES                                 | LSB Industries Inc                                                               | CUSIP: 502160AN4<br>LEI: 5493001H215A0HG0MI71 | Long             | DBT              | CORP              | US        |   5710000 | PA      | $5681394.04   | 0.34%             | 2028-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LD HOLDINGS GROUP LLC                          | LD Holdings Group LLC                                                            | CUSIP: 521088AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8148000 | PA      | $7521940.27   | 0.45%             | 2028-04-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                          | Level 3 Financing Inc                                                            | CUSIP: 527298CB7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   3118000 | PA      | $2969895.00   | 0.18%             | 2029-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| LEVEL 3 FINANCING INC                          | Level 3 Financing Inc                                                            | CUSIP: 527298CD3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   8631000 | PA      | $7951308.75   | 0.48%             | 2030-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| LEVEL 3 FINANCING INC                          | Level 3 Financing Inc                                                            | CUSIP: 527298CF8<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   6412519 | PA      | $5737729.63   | 0.35%             | 2030-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| LEVEL 3 FINANCING INC                          | Level 3 Financing Inc                                                            | CUSIP: 527298CH4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   6134997 | PA      | $5398775.40   | 0.33%             | 2031-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| LINDBLAD EXPEDITIONS LLC                       | Lindblad Expeditions LLC                                                         | CUSIP: 53523LAB6<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |   2377000 | PA      | $2437810.79   | 0.15%             | 2030-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| LIVE NATION ENTERTAINMEN                       | Live Nation Entertainment Inc                                                    | CUSIP: 538034AV1<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |   7192000 | PA      | $7263740.20   | 0.44%             | 2027-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| LIVE NATION ENTERTAINMEN                       | Live Nation Entertainment Inc                                                    | CUSIP: 538034AX7<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |   2535000 | PA      | $2490322.91   | 0.15%             | 2028-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                       | MPH Acquisition Holdings LLC                                                     | CUSIP: 553283AG7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |   9793000 | PA      | $8627535.07   | 0.52%             | 2030-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| MPT OPER PARTNERSP/FINL                        | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              |  | US        |   6760000 | PA      | $6533193.14   | 0.39%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| MPT OPER PARTNERSP/FINL                        | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAJ3<br>LEI: N/A                  | Long             | DBT              |  | US        |  13659000 | PA      | $11503056.61  | 0.69%             | 2029-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                        | MPT Operating Partnership LP / MPT Finance Corp                                  | CUSIP: 55342UAM6<br>LEI: N/A                  | Long             | DBT              |  | US        |   1193000 | PA      | $874644.49    | 0.05%             | 2031-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                        | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1590000 | PA      | $1597566.81   | 0.10%             | 2032-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: —       |
| MACY'S RETAIL HLDGS LLC                        | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5784000 | PA      | $6085791.77   | 0.37%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| WARNERMEDIA HOLDINGS INC                       | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |  10870000 | PA      | $9932462.50   | 0.60%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                          | McGraw-Hill Education Inc                                                        | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |   8089000 | PA      | $8387670.15   | 0.51%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                         | Millicom International Cellular SA                                               | CUSIP: 600814AR8<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |  10220000 | PA      | $9485296.46   | 0.57%             | 2031-04-27      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                         | Millicom International Cellular SA                                               | CUSIP: 600814AS6<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |   4965000 | PA      | $5181960.57   | 0.31%             | 2032-04-02      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| NGL ENRGY OP/FIN CORP                          | NGL Energy Operating LLC / NGL Energy Finance Corp                               | CUSIP: 62922LAD0<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |   6001000 | PA      | $6221302.71   | 0.38%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                 | NRG Energy Inc                                                                   | CUSIP: 629377CE0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   3757000 | PA      | $3767418.16   | 0.23%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                 | NRG Energy Inc                                                                   | CUSIP: 629377CS9<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   5758000 | PA      | $5381393.40   | 0.32%             | 2032-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NEW FLYER HOLDINGS                             | New Flyer Holdings Inc                                                           | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6908000 | PA      | $7398592.34   | 0.45%             | 2030-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                             | Rithm Capital Corp                                                               | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              |  | US        |   8970000 | PA      | $9164146.68   | 0.55%             | 2029-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                             | Rithm Capital Corp                                                               | CUSIP: 64828TAC6<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              |  | US        |   4490000 | PA      | $4576499.85   | 0.28%             | 2030-07-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                              | Nexstar Media Inc                                                                | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |  12114000 | PA      | $12013433.21  | 0.72%             | 2028-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| NEXSTAR MEDIA INC                              | Nexstar Media Inc                                                                | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   1849000 | PA      | $1850440.37   | 0.11%             | 2027-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NICKEL INDUSTRIES LTD                          | Nickel Industries Ltd                                                            | CUSIP: 653890AB9<br>LEI: 54930007K0WX53TSIK16 | Long             | DBT              | CORP              | AU        |   7827000 | PA      | $8138577.22   | 0.49%             | 2030-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                | Nissan Motor Co Ltd                                                              | CUSIP: 654922AC7<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |   8604000 | PA      | $9044886.17   | 0.55%             | 2032-07-17      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                | Nissan Motor Co Ltd                                                              | CUSIP: 654922AD5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |  11306000 | PA      | $11950374.16  | 0.72%             | 2035-07-17      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC                           | Noble Finance II LLC                                                             | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11837000 | PA      | $12297222.56  | 0.74%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                         | Northern Oil & Gas Inc                                                           | CUSIP: 665530AB7<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   5210000 | PA      | $5327204.16   | 0.32%             | 2031-06-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: —       |
| NOVELIS CORP                                   | Novelis Corp                                                                     | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |  12596000 | PA      | $12118643.09  | 0.73%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                   | Novelis Corp                                                                     | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   4248000 | PA      | $4401858.31   | 0.27%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AC4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1251000 | PA      | $1214060.72   | 0.07%             | 2028-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1562000 | PA      | $1653237.98   | 0.10%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    415000 | PA      | $435970.37    | 0.03%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   8608000 | PA      | $8968614.94   | 0.54%             | 2031-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   6866000 | PA      | $7017312.91   | 0.42%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                 | Owens-Brockway Glass Container Inc                                               | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |   4814000 | PA      | $4874175.00   | 0.29%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| OWENS-BROCKWAY                                 | Owens-Brockway Glass Container Inc                                               | CUSIP: 69073TAV5<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |   3018000 | PA      | $3036258.90   | 0.18%             | 2032-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| PG&E CORP                                      | PG&E Corp                                                                        | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   9849000 | PA      | $9777180.11   | 0.59%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                      | PG&E Corp                                                                        | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   5096000 | PA      | $5047510.54   | 0.30%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PAGAYA US HOLDINGS CO                          | Pagaya US Holdings Co LLC                                                        | CUSIP: 69549FAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2181000 | PA      | $1964434.33   | 0.12%             | 2030-08-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| PARK INTERMED HOLDINGS                         | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAB9<br>LEI: N/A                  | Long             | DBT              |  | US        |   4035000 | PA      | $4038817.11   | 0.24%             | 2028-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| PARK INTERMED HOLDINGS                         | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              |  | US        |   6876000 | PA      | $6674417.00   | 0.40%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| PARK-OHIO INDUSTRIES INC                       | Park-Ohio Industries Inc                                                         | CUSIP: 700677AS6<br>LEI: 5493006LQUO5SLMNYM18 | Long             | DBT              | CORP              | US        |   4002000 | PA      | $4065431.70   | 0.25%             | 2030-08-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| PATRICK INDUSTRIES INC                         | Patrick Industries Inc                                                           | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |   6346000 | PA      | $6499503.39   | 0.39%             | 2032-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAB3<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2809874.93   | 0.17%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAC1<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   6015000 | PA      | $6062386.17   | 0.37%             | 2031-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| PENNYMAC FIN SVCS INC                          | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   8989000 | PA      | $9383994.64   | 0.57%             | 2032-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                                     | Phinia Inc                                                                       | CUSIP: 71880KAA9<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |   4373000 | PA      | $4512922.88   | 0.27%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PREMIER ENTERTAINMENT SU                       | Premier Entertainment Sub LLC / Premier Entertainment Finance Corp               | CUSIP: 74052HAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1649000 | PA      | $876903.11    | 0.05%             | 2029-09-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                       | Prime Security Services Borrower LLC / Prime Finance Inc                         | CUSIP: 74166MAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2102000 | PA      | $2052018.85   | 0.12%             | 2027-08-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                   | ADT Security Corp/The                                                            | CUSIP: 74166NAA2<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   8475000 | PA      | $8215062.43   | 0.50%             | 2032-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| PRIMO / TRITON WATER HLD                       | Primo Water Holdings Inc / Triton Water Holdings Inc                             | CUSIP: 74168RAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9926000 | PA      | $9626358.88   | 0.58%             | 2029-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| PROG HOLDINGS INC                              | PROG Holdings Inc                                                                | CUSIP: 74319RAA9<br>LEI: 549300DHYTLBOVRXIG52 | Long             | DBT              | CORP              | US        |   7354000 | PA      | $7236924.32   | 0.44%             | 2029-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| QXO BUILDING PRODUCTS                          | QXO Building Products Inc                                                        | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |  11612000 | PA      | $12126597.39  | 0.73%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                       | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 74841CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1361000 | PA      | $1314564.04   | 0.08%             | 2029-03-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                       | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13029000 | PA      | $12322330.49  | 0.74%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                           | RLJ Lodging Trust LP                                                             | CUSIP: 74965LAB7<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |   6537000 | PA      | $6177453.04   | 0.37%             | 2029-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| RAIN CARBON INC                                | Rain Carbon Inc                                                                  | CUSIP: 75079LAB7<br>LEI: 25490038N6JQH7QXUK52 | Long             | DBT              | CORP              | US        |   5069000 | PA      | $5230630.13   | 0.32%             | 2029-09-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: —       |
| RAKUTEN GROUP INC                              | Rakuten Group Inc                                                                | CUSIP: 75102WAG3<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |   4610000 | PA      | $4938408.84   | 0.30%             | 2027-02-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                              | Rakuten Group Inc                                                                | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |  10473000 | PA      | $11637508.47  | 0.70%             | 2029-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ANYWHERE REAL EST/CO-ISS                       | Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp                         | CUSIP: 75606DAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5908000 | PA      | $5933008.56   | 0.36%             | 2030-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ANYWHERE RE GRP/REALOGY                        | Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp                          | CUSIP: 75606DAV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5571000 | PA      | $6052083.71   | 0.36%             | 2030-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| UPBOUND GROUP INC                              | Upbound Group Inc                                                                | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |   5472000 | PA      | $5343266.28   | 0.32%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| ROBLOX CORP                                    | ROBLOX Corp                                                                      | CUSIP: 771049AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5010000 | PA      | $4790204.29   | 0.29%             | 2030-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                       | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3389000 | PA      | $3139880.03   | 0.19%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| SLM CORP                                       | SLM Corp                                                                         | CUSIP: 78442PGE0<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4415567.85   | 0.27%             | 2026-11-02      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                 | Sabre GLBL Inc                                                                   | CUSIP: 78573NAH5<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   1214000 | PA      | $1247385.00   | 0.08%             | 2027-12-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                       | Sinclair Television Group Inc                                                    | CUSIP: 829259AY6<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   7029000 | PA      | $6203092.50   | 0.37%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| SINCLAIR TELEVISION GROU                       | Sinclair Television Group Inc                                                    | CUSIP: 829259BG4<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   4184000 | PA      | $4560560.00   | 0.27%             | 2033-02-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: —       |
| SINCLAIR TELEVISION GROU                       | Sinclair Television Group Inc                                                    | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   1804000 | PA      | $1879353.08   | 0.11%             | 2033-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: —       |
| SISECAM UK PLC                                 | Sisecam UK PLC                                                                   | CUSIP: 829688AA8<br>LEI: 789000T82YRLMLUOC889 | Long             | DBT              | CORP              | GB        |   4030000 | PA      | $4132325.81   | 0.25%             | 2029-05-02      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| SISECAM UK PLC                                 | Sisecam UK PLC                                                                   | CUSIP: 829688AB6<br>LEI: 789000T82YRLMLUOC889 | Long             | DBT              | CORP              | GB        |   8910000 | PA      | $9235215.00   | 0.56%             | 2032-05-02      | Fixed         | 8.63%                 | No            |                  2 | On Loan: —       |
| SNAP INC                                       | Snap Inc                                                                         | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |   3062000 | PA      | $3129982.52   | 0.19%             | 2034-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 85172FAQ2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    749000 | PA      | $768169.16    | 0.05%             | 2028-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp                                                             | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    314000 | PA      | $312973.31    | 0.02%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| SPIRIT AEROSYSTEMS INC                         | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   1906000 | PA      | $2001625.70   | 0.12%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                         | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAR1<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |  10312000 | PA      | $11297949.50  | 0.68%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                        | Starwood Property Trust Inc                                                      | CUSIP: 85571BAY1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |   3809000 | PA      | $3784397.29   | 0.23%             | 2027-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| STARWOOD PROPERTY TRUST                        | Starwood Property Trust Inc                                                      | CUSIP: 85571BBE4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |   5766000 | PA      | $6010559.12   | 0.36%             | 2030-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                            | Station Casinos LLC                                                              | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   6556000 | PA      | $6203768.28   | 0.37%             | 2031-12-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: —       |
| STEELCASE INC                                  | Steelcase Inc                                                                    | CUSIP: 858155AE4<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | DBT              | CORP              | US        |   5357000 | PA      | $5248316.49   | 0.32%             | 2029-01-18      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| STILLWATER MINING CO                           | Stillwater Mining Co                                                             | CUSIP: 86074QAP7<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |   7352000 | PA      | $7266476.54   | 0.44%             | 2026-11-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| STILLWATER MINING CO                           | Stillwater Mining Co                                                             | CUSIP: 86074QAQ5<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |   6636000 | PA      | $6246775.84   | 0.38%             | 2029-11-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| STONEX GROUP INC                               | StoneX Group Inc                                                                 | CUSIP: 861896AA6<br>LEI: 549300JUF07L8VF02M60 | Long             | DBT              | CORP              | US        |   6156000 | PA      | $6520238.21   | 0.39%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| STONEX ESCROW ISSUER LLC                       | Stonex Escrow Issuer LLC                                                         | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6925000 | PA      | $7168095.20   | 0.43%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SUNCOKE ENERGY INC                             | SunCoke Energy Inc                                                               | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |   6810000 | PA      | $6230782.94   | 0.38%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                            | Synchrony Financial                                                              | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   8701000 | PA      | $9321707.85   | 0.56%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| TALOS PRODUCTION INC                           | Talos Production Inc                                                             | CUSIP: 87485LAD6<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |   6901000 | PA      | $7197501.47   | 0.43%             | 2029-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC                           | Talos Production Inc                                                             | CUSIP: 87485LAE4<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |   6509000 | PA      | $6858871.77   | 0.41%             | 2031-02-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: —       |
| TASEKO MINES LTD                               | Taseko Mines Ltd                                                                 | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |   5576000 | PA      | $5913108.23   | 0.36%             | 2030-05-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                                      | TEGNA Inc                                                                        | CUSIP: 87901JAH8<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |   3887000 | PA      | $3851083.34   | 0.23%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                                      | TEGNA Inc                                                                        | CUSIP: 87901JAJ4<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |  11748000 | PA      | $11606093.56  | 0.70%             | 2028-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTL INC                            | Somnigroup International Inc                                                     | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |   6902000 | PA      | $6457596.78   | 0.39%             | 2031-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm Inc                                                                    | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   6334000 | PA      | $6523810.98   | 0.39%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                            | Travel + Leisure Co                                                              | CUSIP: 894164AA0<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |   8391000 | PA      | $8186580.98   | 0.49%             | 2029-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| TUTOR PERINI CORP                              | Tutor Perini Corp                                                                | CUSIP: 901109AG3<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | DBT              | CORP              | US        |   3433000 | PA      | $3817145.83   | 0.23%             | 2029-04-30      | Fixed         | 11.88%                | No            |                  2 | On Loan: —       |
| UWM HOLDINGS LLC                               | UWM Holdings LLC                                                                 | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9856000 | PA      | $10015686.91  | 0.60%             | 2030-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| UNDER ARMOUR INC                               | Under Armour Inc                                                                 | CUSIP: 904311AD9<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |   4722000 | PA      | $4702279.98   | 0.28%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                        | United Rentals North America Inc                                                 | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   4435000 | PA      | $4434387.08   | 0.27%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                        | United Rentals North America Inc                                                 | CUSIP: 911365BS2<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   3540000 | PA      | $3548129.68   | 0.21%             | 2033-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                       | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |   8902000 | PA      | $8809926.61   | 0.53%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                       | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |   4642000 | PA      | $4652792.65   | 0.28%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VF CORP                                        | VF Corp                                                                          | CUSIP: 918204BC1<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | DBT              | CORP              | US        |  10333000 | PA      | $9274357.28   | 0.56%             | 2030-04-23      | Fixed         | 2.95%                 | No            |                  2 | On Loan: —       |
| VFH PARENT / VALOR CO                          | VFH Parent LLC / Valor Co-Issuer Inc                                             | CUSIP: 91824YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5693000 | PA      | $5974905.97   | 0.36%             | 2031-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                          | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   3139000 | PA      | $3420492.96   | 0.21%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                          | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |  11044000 | PA      | $12303998.92  | 0.74%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                          | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   2772000 | PA      | $2905450.84   | 0.18%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                         | Venture Global LNG Inc                                                           | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   4844000 | PA      | $4961583.26   | 0.30%             | 2028-06-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: —       |
| VENTURE GLOBAL LNG INC                         | Venture Global LNG Inc                                                           | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   8698000 | PA      | $8719484.06   | 0.53%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: —       |
| VENTURE GLOBAL LNG INC                         | Venture Global LNG Inc                                                           | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |  11228000 | PA      | $11689830.10  | 0.70%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: —       |
| VERTIV GROUP CORPORATION                       | Vertiv Group Corp                                                                | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |  10030000 | PA      | $9943111.11   | 0.60%             | 2028-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                     | Viasat Inc                                                                       | CUSIP: 92552VAR1<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |  10301000 | PA      | $9766005.82   | 0.59%             | 2031-05-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                    | Wayfair LLC                                                                      | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |   9009000 | PA      | $9371585.22   | 0.57%             | 2029-10-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| WAYFAIR LLC                                    | Wayfair LLC                                                                      | CUSIP: 94419NAB3<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |   4787000 | PA      | $5101869.71   | 0.31%             | 2030-09-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| BlackRock Funds III                            | BlackRock Cash Funds: Institutional, SL Agency Shares                            | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        | 290795078 | NS      | $290940476.04 | 17.54%            |  |  |  | No            |                  1 | On Loan: No      |
| WHIRLPOOL CORP                                 | Whirlpool Corp                                                                   | CUSIP: 963320AV8<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   7959000 | PA      | $6123033.80   | 0.37%             | 2046-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| WHIRLPOOL CORP                                 | Whirlpool Corp                                                                   | CUSIP: 963320AX4<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   8184000 | PA      | $6255522.24   | 0.38%             | 2050-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: —       |
| WHIRLPOOL CORP                                 | Whirlpool Corp                                                                   | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   4872000 | PA      | $4841486.18   | 0.29%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WOLVERINE WORLD WIDE                           | Wolverine World Wide Inc                                                         | CUSIP: 978097AG8<br>LEI: 549300OVC7PK14LQ8D87 | Long             | DBT              | CORP              | US        |   7180000 | PA      | $6581911.03   | 0.40%             | 2029-08-15      | Fixed         | 4.00%                 | 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        |  16330000 | NS      | $16330000.00  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| WULF COMPUTE LLC                               | WULF Compute LLC                                                                 | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12159000 | PA      | $12571438.87  | 0.76%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| WYNN LAS VEGAS LLC/CORP                        | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp                                 | CUSIP: 983130AX3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1246000 | PA      | $1250722.34   | 0.08%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| XHR LP                                         | XHR LP                                                                           | CUSIP: 98372MAC9<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              |  | US        |   6224000 | PA      | $6113822.75   | 0.37%             | 2029-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| YEOMAN CAP S A                                 | YEOMAN CAP S A                                                                   | CUSIP: 985923101<br>LEI: 549300ORV6YW6ESSNQ21 | Long             | EC               | CORP              | LU        |    356469 | NS      | $2068501.56   | 0.12%             |  |  |  | No            |                  3 | On Loan: No      |
| ZEGONA FINANCE PLC                             | Zegona Finance PLC                                                               | CUSIP: 98927UAA5<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |  10159000 | PA      | $10762294.96  | 0.65%             | 2029-07-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

**Name of Applicant:** iShares Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer